MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  June 29, 2017 (REPORT 26)                                         

NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Low/medium heat nonfat dry milk (NDM) prices in the Central dipped 
across both prices series this week. Spot transactions have been irregular, 
but offers remain in good quantity. Low/medium heat NDM production is active 
as dryers are operating on steady schedules. Inventories are available for 
contractual needs. The low/medium heat NDM market undertone is unsettled as 
some market participants do not anticipant changes to near term weakness. 
Overall, the tone is leaning generally towards a buyer's market. High heat 
NDM prices decreased on the top of the range this week. Spot sale trading of 
high heat NDM is mild. Production is limited as low/medium heat NDM has 
filled drying schedules. High heat NDM Inventories are light and the market 
undertone is generally balanced. 
EAST: Prices for Eastern low/medium heat nonfat dry milk (NDM) slipped on 
both ends of both the price range and mostly price series this week. 
Spot sale pricing is decreasing in the market. With milk supplies still long 
in parts of the East, low/medium heat NDM production is strong as dryers are 
running on full schedules. Inventories are manageable to long. Interest for 
low/medium heat NDM is steady to weakening as a number of market 
participants have a need for low/medium heat and some dairy industry 
individuals are in a watch and see approach to the spot prices. The market 
undertone is showing weakness. High heat NDM prices slightly decreased on 
the top of the range this week. Production is light, running mainly for 
contractual needs. Inventories are tight and the market tone is fairly 
stable. Wednesday's CME Group cash trading for Grade A nonfat dry milk 
closed at $0.8450, down $0.0150 from last Wednesday. 
                                                                                
F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8450 -  .9600          MOSTLY:   .8800 - .9200               
HIGH HEAT:         .9900 - 1.0900                                               
                                                                                
1100CT 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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