MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  December 23, 2015 (REPORT 51)                                     


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
 
CENTRAL: Prices for low/medium heat nonfat dry milk, Central region, are 
unchanged on light trading. The market is weak as buyers continue to 
receive offers from manufacturers and resellers for near term deliveries. 
With prices unable to sustain steady upward trends, many buyers are 
content to wait. Low/medium heat NDM production is more active compared 
to last week as many smaller end users of fluid milk and condensed skim 
are running abbreviated production schedules during the holiday week. 
Therefore, balancing plant managers have full production schedules on tap 
for most dryers. Inventories of low/medium heat NDM are steady to 
building. High heat NDM prices are steady. Interest is moderate outside 
of contracts. Many manufacturers do not have high heat NDM production 
scheduled for this week as the hope is to stay ahead of milk intakes by 
processing low/medium heat NDM. Inventories are mostly steady and geared 
towards contract fulfillment.
EAST: Prices for Eastern low/medium nonfat dry milk are unchanged, with 
limited spot trading occurring. Production rates are steady to increasing 
as sales into condensed skim and bottling slow. In general, market 
participants are curbing purchases of NDM, with the majority of purchases 
based on buyers' immediate needs. Offerings in the resell market are 
active as sellers seek buyers, in hope of reducing holdings in an 
unsettled market. The market has a steady to soft undertone. High heat 
nonfat dry milk prices are steady. Production is intermittent as 
manufacturers adjust drying schedules to facilitate heavy milk intakes. 
Stocks are light. Spot availability is limited. 


F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8000 - .8800          MOSTLY:   .8300 - .8700               
HIGH HEAT:         .9000 - 1.1500                                                                                           
                                                                                
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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