MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  April 23, 2015 (REPORT 16)                                        


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Prices for nonfat dry milk moved lower this week. The market 
tone is weak and demand has fallen.  End users want to work down current 
inventory levels, unsure of what price levels will do. Some manufacturers 
report production rates are up due to higher intakes of milk. There have 
been reports of some end users importing skim milk powder when they can 
substitute it for nonfat dry milk due to better pricing. High heat prices 
were steady to higher this week as production and demand are varied. 
Wednesday at the CME Group, Grade A NDM closed at $.9275, even with last 
Wednesday.
EAST:  Prices for low/medium nonfat dry milk shifted lower.  Production 
schedules are very active to handle growing condensed skim supplies.  A 
few regional balancing plants noted that they are confident concerning 
the capacity to handle those volumes as the spring flush progresses.  
There are no current indications of problems in handling milk.  Demand is 
light.  Most buyers are exercising purchasing decisions around immediate 
and short term needs, with patience in doing so.  High heat nonfat dry 
milk production remains sporadic.  Prices are steady to higher.  Stocks 
are tight.  Transactions are primarily taking place through previously 
contracted arrangements.
  
F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8550 - 1.0375         MOSTLY:   .9500 - 1.0250              
HIGH HEAT:        1.0900 - 1.2500                                               

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: 
http://www.marketnews.usda.gov/mnp/da-home