D_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  April 30, 2015 (REPORT 17)                                        


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
Prices for nonfat dry milk are steady this week. With current milk 
supplies growing, low/medium heat nonfat dry milk production remains 
strong. Inventories are building as buyers are taking a wait-and-see 
approach, purchasing only for current needs. Domestic and international 
demand is weak as buyers are looking for optimum pricing levels, even 
from international suppliers or other protein sources. High heat prices 
are unchanged. Production is uneven as some manufactures are on a limited 
production schedule. Wednesday at the CME Group, Grade A NDM closed at 
$.9325, up .0050 from last Wednesday.
EAST:  Eastern nonfat dry milk prices are unchanged in a steady market.  
Manufacturers continue to dry around heavy scheduling.  Capacity is 
available in some plants to handle additional intake volumes.  Interest 
is growing, coupled to price and immediate needs of buyers.  Producers' 
stocks are heavy in most instances, while suggesting a buyer's market.  
Some end-users are opting to use condensed skim due to price advantage.  
High heat prices remain the same.  Buyers report high heat is limited in 
the spot market; however, contracts are being fulfilled.

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