MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  June 15, 2017 (REPORT 24)                                         

NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Central low/medium heat nonfat dry milk (NDM) prices are steady on 
the range, but increased slightly at the top of the mostly price series. The 
low/medium heat NDM spot market was steady, with some increased interest 
from Southeast Asian markets. Low/medium heat NDM contacts report that 
Oceania and European prices are proving beneficial for U.S. producers who 
can offer low/medium heat NDM at comparatively lower prices. Low/medium heat 
NDM inventories are available, as NDM production is steady. The low/medium 
heat NDM market tone is uncertain, with indications of steadiness. High heat 
NDM prices slightly increased on the bottom of the range. Spot market 
trading of high heat NDM was light. High heat NDM production schedules and 
inventories continue to be determined by contractual requirements.
EAST: Prices for low/medium heat nonfat dry milk (NDM) held steady on the 
range, but shifted higher on the top of the mostly price series this week. 
Spot sale prices continue to show strength as transactions are placed at 
higher prices. Production is steady as milk volumes are clearing into dryers 
that are operating on heavy schedules. Low/medium heat NDM inventories are 
comfortable to building. A few manufacturers are sold out of low/medium heat 
NDM and do not have extra inventory to sell. The demand is blended as some 
industry contacts report a high demand for low/medium heat NDM. Although, 
with the availability of milk, there are a number of market participants who 
are content to wait and see what the price will do before pur   chasing. The 
market tone is mixed. High heat NDM prices inched up on the bottom of the 
range this week. Production is limited to turned off, as drying low/medium 
heat NDM continues to be the main focus. With light output, inventories are 
limited. The market undertone is firming. Wednesday's CME Group cash trading 
for Grade A nonfat dry milk closed at $0.9075, up $0.0050 from last 
Wednesday. 

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8800 - 1.0000         MOSTLY:   .9000 - .9400               
HIGH HEAT:        1.0150 - 1.1000                                               
                                                                                
1100CT Jessica.Mueller@ams.usda.gov 608.422.8589 
Israel.Weber@ams.usda.gov 608.422.8601
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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