MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  April 13, 2017 (REPORT 15)                                        

NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Low/medium heat nonfat dry milk (NDM) prices shifted down on the 
range, but are steady to lower on the mostly series this week. The market 
undertone is slightly weaker from last week. Spot trading activity is low as 
the bulk of sales are based on contracts. Offers from manufacturers/brokers 
are ample, but the demand looks to be quiet. Production is active, supported 
by heavy regional milk supplies. Low/medium heat NDM inventories are steady 
to building. High heat NDM prices held steady on the bottom of the range, 
but shifted downward on the top of the range on a weaker market. Spot sale 
activity is light to moderate. High heat NDM production is slightly 
increasing and inventories vary from plant to plant.  
EAST: Prices for East low/medium heat nonfat dry milk (NDM) markets in the 
mostly series are steady to lower. Farm milk output continues to increase, 
encouraging NDM production. As well, NDM output is receiving a boost as a 
few cheese plants moderate production, making more condensed skim available 
for drying. Some producers' low/medium NDM inventories are clearing readily 
into contractual orders. However, stocks are clearly building at plants, 
with supplies ranging from balanced to long. Sources note there is not much 
urgency to move material. The market is seeing fairly steady demand, but not 
overly aggressive, as the potential for prices to move lower exists. Spot 
buyers, who search around, considers purchases on the low end at most times. 
Those buyers also see no need to purchase too far ahead. Export interest is 
seasonally good. The low/medium heat NDM market undertone is steady. 
Wednesday's CME Group cash trading for Grade A nonfat dry milk closed at 
$0.8250, up $0.0250 from last Wednesday. 
F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .7700 -  .8700        MOSTLY:   .8000 - .8500               
HIGH HEAT:          .8950 - 1.0500                                                                                                                               

1100CT daniel.johnson@ams.usda.gov 608.422.8605 
Angel.Teran@ams.usda.gov 608.422.8593
Jessica.Mueller@ams.usda.gov 608.422.8589
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-
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