MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  February 02, 2017 (REPORT 5)                                      


NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Low/medium heat nonfat dry milk (NDM) prices are steady to 
lower in the range, while unchanged in the mostly pricing series. 
Price changes for nonfat dry milk result from adjustments based on 
spot sales and pricing indices. The level of manufacturers' condensed 
skim supplies continue to prompt active regional low/medium heat NDM 
production. While inventories are adequate for committed accounts and 
growing marginally, supplies are mixed as the drying priorities of 
some manufacturers contrast. Domestic sales are fair with the majority 
of transactions satisfying committed accounts. Exports are a focus of 
some manufacturers, as interest appears be steady. High heat NDM 
prices are unchanged from last week. Inventories are light. Most of 
the available supplies are clearing to existing contracts. 
EAST: Eastern low/medium nonfat dry milk (NDM) f.o.b. prices held 
steady in the mostly series this week, although limited transactions 
adjusted prices lower at the bottom of the range. Steady flows of milk 
supplies continue to prompt heavy low/medium heat NDM production. 
Buyers in general are not aggressive in pursuing spot loads. Typical 
buying patterns center on contracts, with comparably light spot 
interest. As a result, regional stocks are building at some 
facilities, while steady at others. Contracts are clearing in a timely 
manner. High heat NDM trading is light, as most of the  interest is a 
result of contracts. Wednesday at the CME Group, Grade A NDM closed at 
$0.9475, down $0.0375 from last Wednesday.

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .9600 - 1.0600         MOSTLY:  1.0300 - 1.0600              
HIGH HEAT:        1.1300 - 1.1600                                                                                                                   

1100CT daniel.johnson@ams.usda.gov (608)557.7006
USDA/AMS/Dairy Market News, Madison, Wisconsin 
Dairy Market News website: http://www.ams.usda.gov/market-news/dairyy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home