MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  March 19, 2015 (REPORT 11)                                        


NONFAT DRY MILK - CENTRAL AND EAST                                              

CENTRAL: Central low/medium heat nonfat dry milk prices moved down. The 
market tone is flat as there is not much interest. Some end users are not 
afraid to buy and hold product at current pricing levels. Spot inquiries 
are being made as buyers are searching for desired pricing levels and 
will take a wait-and-see approach to buying as they use stocks on hand. 
HIGH HEAT prices are lower this week. Currently, producers are meeting 
contract needs. Wednesday at the CME Group, Grade A NDM closed at $.9850, 
$.0150 lower than last Wednesday.
EAST:  Prices for nonfat dry milk are steady to lower in the range, while 
lower throughout the mostly series.  Low/medium nonfat dry milk output is 
mixed but mostly increasing with the rise in regional farm-level milk 
output and recent reductions in sourcing to bottling with school closing 
for spring break.  Manufacturers note that contract shipments are 
facilitating dependable demand.  Contrastingly, some manufacturers have 
inventory on hand for cash transactions, however, prices are not as 
appealing to some buyers as prices reflect the high end of the market.  
Resale channels are fairly quiet.  In general, interest is lethargic with 
limited trading occurring due to the unpredictability of the market and 
buyers in a holding pattern as the spring flush approaches.  The market 
undertone remains weak.  The high heat variety of nonfat dry milk is 
being produced on a small scale at a few processing facilities.  Prices 
are lower, pressured by low/medium heat movement. 

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:    .9700 - 1.1300         MOSTLY:  1.0300 - 1.0975              
HIGH HEAT:        1.1000 - 1.2000                       

1100CT Daniel.Johnson@ams.usda.gov & Tara.Herbst@ams.usda.gov
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: