MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  June 18, 2015 (REPORT 24)                                         


NONFAT DRY MILK - CENTRAL AND EAST                                              

CENTRAL: Nonfat dry milk prices were mixed on few spot loads. 
Production is active as most manufacturers are choosing to make NDM 
over other dry products. Inventory levels are high. Some buyers are 
being told to name a price on desired product quantities. Demand is 
low as most buyers are purchasing hand-to-mouth as they wait for 
lower prices. Prices for high heat were steady to lower, with the top 
of the range down 7 cents. Production rates are mixed, as most 
manufacturers are using dryers for other products. Demand is steady 
to active. Spot availability is limited as most of the high heat NDM 
being made is for contracts.                                                                                  
EAST:  Prices for the low/medium nonfat dry milk mostly series are 
unchanged in a weak market.  Production remains strong.  Drying 
operations could receive a slight reprieve as hot humid conditions 
slow milk volumes, particularly in the southern areas of the region.  
Low/medium heat stocks are ample and building as market activity 
significantly contrasts manufacturing output levels.  Few buyers are 
venturing into the market, as some delay purchases while anticipating 
downward prices.  Domestic demand is mostly fair to moderate.  Global 
interest remains slowed by competitive pricing. The market undertone 
is unsettled.  High heat nonfat prices are steady to lower.  Interest 
is improving.  The market continues to operate on a made to order 
basis, with limited spot availability.  Inventories are mostly light, 
able to cover near-term demand.

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .9100 - .9975          MOSTLY:   .9100 - .9700               
HIGH HEAT:         .9950 - 1.1800                                               
 

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