MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  July 01, 2015 (REPORT 26)                                         


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL:  Prices for low/medium heat Central nonfat dry milk are mostly 
lower. The market tone is weak. Processing remains active as milk 
supplies continue to be strong. Demand for later dates is picking up. 
Some sellers report export demand is increasing. High heat NDM prices are 
holding steady. Production is irregular as most processors use available 
drying times for other products. Activity in the spot market is light.
EAST:  Eastern prices for low/medium heat nonfat dry milk declined 
marginally.  Buyer resistance is noted at the top of the range.  Buyers 
are primarily holding off heavy purchasing, in anticipation of further 
price declines.  Production is steady to higher, prompted by increased 
milk intakes into balancing plants, in front of the holiday weekend.  
Supply/demand conditions, developed around the July 4th holiday, are 
channeling larger volumes of condensed skim to the dryers.  Sales are 
somewhat limited to contracted volumes, with nominal spot market 
interest.  Low/medium NDM inventory levels are heavy and building.  The 
market maintains a weak undertone.  Prices for high heat are unchanged in 
this short holiday week.  Spot demand is light, although some market 
participants are seeking product.  However, tightness in supplies and 
limited production due to dryer availability hampers procurement 
opportunities in the spot market.  

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8300 - .9800          MOSTLY:   .9000 - .9600               
HIGH HEAT:         .9950 - 1.1800                                                                                                                  

1430CT Daniel.Johnson@ams.usda.gov  
USDA/AMS/Dairy Market News, Madison, Wisconsin 608.577.7006
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home