MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  June 22, 2017 (REPORT 25)                                         

NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Central low/medium heat nonfat dry milk (NDM) prices slipped on 
both ends of the price range and decreased at the top end of the mostly 
price series. Low/medium heat NDM spot purchases were infrequent, although 
offers were aplenty. Some contacts do not foresee impactful near term 
weakness in the low/medium heat NDM market. Others, however, expect a steady 
decline, in NDM prices and futures, as NDM inventories remain readily 
available, while production remains active in the Central region. The 
low/medium heat NDM market tone is mixed. High heat NDM prices decreased on 
the bottom of the range. Spot market trading of high heat NDM was moderate. 
High heat NDM production schedules remain focused on contractual needs, 
while inventories are light to adequate.  
EAST: Low/medium heat nonfat dry milk (NDM) shifted down on both ends of the 
range and shifted lower on the top of the mostly price series this week. 
Spot sales showed signs of decreased prices in the market. Low/medium heat 
NDM production continues to operate at active levels as a number of 
manufacturers took in extra milk loads this week due to decreased bottling 
needs. Inventories are manageable to building. The demand is mixed as some 
market participants see high demand for low/medium heat NDM, and others see 
prices potentially weakening, so they are holding off on purchasing. The 
market undertone is steady, with signs of weakness. High heat NDM prices 
slightly decreased on the bottom of the range this week. Production is 
limited and focused mainly on contractual needs. Inventories are light and 
the market undertone continues to firm. Wednesday's CME Group cash trading 
for Grade A nonfat dry milk closed at $0.8600, down $0.0475 from last 
Wednesday. 

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8700 - .9800          MOSTLY:   .9000 - .9300               
HIGH HEAT:         .9900 - 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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