MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  March 26, 2015 (REPORT 12)                                        


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Prices moved lower for Central low/medium heat nonfat dry milk. 
Inventory levels are high with some manufacturers reporting full 
warehouses. The market tone is flat as there is not much interest. Offers 
are being made but buyers are searching for discounts and some are 
choosing to take a hand-to-mouth approach. HIGH HEAT prices are mixed 
this week. Sales have increased this week. Currently, producers are 
meeting contract needs. Wednesday at the CME Group, Grade A NDM closed at 
$.9750, $.0100 lower than last Wednesday.
EAST:  Prices for Eastern low/medium nonfat dry milk moved lower. 
Manufacturing milk supplies into plants are plentiful and increasing NDM 
production in the East.  Contacts expect this high level of production to 
sustain through Q2.  Inventories are currently moderate to heavy.  As 
supplies build, NDM prices are being pressured lower.  Trading appeared 
sluggish in the spot market this week, as buyers are slow to make 
purchases while searching out lower prices.  However, volumes are 
actively transferring to established customer accounts.  Activity in the 
resale market increased slightly as some of those prices compelled a few 
purchases from opportunistic buyers.  The domestic and global market 
undertones are still weak.  High heat nonfat prices are mixed.  Heavy 
milk intakes are curbing the rate of high heat nonfat production.  Spot 
market offerings are very limited.  Producers' stocks are light.  

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .9700 - 1.1225         MOSTLY:  1.0050 - 1.0850              
HIGH HEAT:        1.0900 - 1.2500                                                                                             

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: