MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  April 16, 2015 (REPORT 15)                                        


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                

CENTRAL: Nonfat dry milk prices are steady to lower this week. End users 
are taking contracted loads but spot buyers seem to be content with 
current inventories. Manufacturers of low heat are mainly at full 
capacity as milk production levels are on the rise. Current pricing 
levels are leaving manufacturers and buyers in flux as buyers take a 
wait-and-see approach, holding out for better pricing. Some buyers are 
taking off spec product to receive better prices. The market tone is 
uncertain. Inventory levels are mixed as some manufacturers report full 
warehouses while others are tight. Export demand is light. High heat 
demand is steady but production is varied. Prices were steady to lower 
this week. Wednesday at the CME Group, Grade A NDM closed at $.9275, down 
$.0425 from last Wednesday.
EAST:  Prices for low/medium nonfat dry milk declined at the top of the 
range due to indices adjusting lower.  Seasonal heavy milk production is 
sending substantial volumes into manufacturing.  Plants are reportedly 
running full in most instances, as drying rates increase for low/medium 
heat nonfat dry milk.  Some manufacturers are limited in their spot 
offerings, with stocks primarily committed to current and near-term 
contracts.  Overall, inventories levels in the region are moderate and 
growing.  Buyers are mostly employing a hand-to-mouth approach when 
procuring low/medium heat NDM.  The market undertone is weak.  High 
heat nonfat dry milk prices are steady to lower.  Production remains 
light.  Most needs are filled on a timely basis.  Spot transactions are 
infrequent.      

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .9400 - 1.0525         MOSTLY:   .9750 - 1.0400              
HIGH HEAT:        1.0900 - 1.2000                                               

1100CT Daniel.Johnson@ams.usda.gov & Tara.Herbst@ams.usda.gov
USDA/AMS/Dairy Market News, Madison, Wisconsin 608.577.7000
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: