MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  November 24, 2015 (REPORT 47)                                     


NONFAT DRY MILK - CENTRAL AND EAST                                              

CENTRAL: Central nonfat dry milk prices, low/medium heat, are mostly 
lower following changes on various indices. The market tone is weak as 
nonfat solids values decline in the marketplace. Interest is light as few 
buyers want to take a position in a downward trending market. Production 
of low/medium NDM is steady through midweek, but is projected to move 
higher as balancing plant managers indicate Class I milk orders drop off 
sharply after midweek. Low/medium heat inventories are steady to building 
incrementally. High heat NDM prices, Central, are unchanged on light 
trading. Bakery-related buyers are taking a break ahead of this holiday, 
but anticipate reentering the market in the new month. High heat NDM 
production is sporadic. Inventories are adequate for contract fulfilment 
needs.
EAST: Prices for low/medium heat nonfat dry milk are steady to lower in 
the mostly series, as the market weakens. Production rates are higher. 
Holiday week increases in manufacturing milk supplies are translating 
into increased volumes of condensed skim to drying. Some processing 
plants expect to run full schedules throughout the weekend. Stocks are 
moderate to heavy. Spot market activity is light this week, but contract 
shipments are moving as scheduled for most manufacturers. The demand for 
high heat nonfat dry milk remains fairly good, supported by end-users' 
holiday baking needs. Prices are steady. Dryer time for high heat nonfat 
dry milk is restricted this holiday shortened week. A few manufacturers 
express more concern with throughput, as milk supplies increase. The 
market undertone is steady. At the CME Group, Grade A NDM closed Tuesday 
at $0.7300, down $0.0500 from last Tuesday.

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8025 - .9400          MOSTLY:   .8400 - .8800               
HIGH HEAT:         .9500 - 1.1800                                                

1430CT 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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