MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  November 12, 2015 (REPORT 45)                                     


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Central low/medium heat nonfat dry milk prices are unchanged to 
lower on an unsettled market. While some larger end users have already 
covered needs through the balance of the year and into Q1, other end 
users are still looking for the opportunity to strike a price. With some 
manufacturers and several resellers making offers, it is a buyer's 
market. Buyers, however, seem reluctant to jump at early offers in a 
downward trending market. Low/medium heat NDM production is ongoing as 
milk production in the Central region remains steady. Inventories are 
mixed, ranging from ample to limited. Central high heat NDM prices are 
steady on light trading. Manufacturers indicate their holdings are 
closely tied to contract fulfillment, thus production is intermittent 
EAST: Nonfat dry milk prices are steady to lower in the range, while 
steady in the mostly series. Production is mixed. Mideast NDM operations 
that saw limited production runs last week, marginally increased output 
this week. Sources report limited drying taking place in a few Northeast 
producers' plants. Those producers who are comfortable with NDM inventory 
levels are inclined to trade at a premium. Equally, with recent NDM price 
declines, balancing plant managers are cautious in building inventories 
of uncommitted NDM. This has led to the clearing of condensed skim loads 
directly to end-users plants, to reduce dryer times and costs. In 
general, stocks of low/medium NDM in the East are adequate to long. The 
market undertone is steady to weak. High heat nonfat dry milk prices are 
unchanged. Spot market activity is light. Supplies are tight. Typically, 
high heat NDM is made to order. At the CME Group, Grade A NDM closed 
Wednesday at $0.8100, up $0.0050 from last Wednesday. 

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8200 - .9775          MOSTLY:   .8400 - .9200               
HIGH HEAT:        1.0650 - 1.1800                      
                                            
1100CT Daniel.Johnson@ams.usda.gov/Janet.Linder@ams.usda.gov
USDA/AMS/Dairy Market News, Madison, Wisconsin (608)557.7006
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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