MD_DA650                                                                        
DA                                                                              
MD DA650 Nonfat Dry Milk - Central and East                                     

MADISON, WI.  July 20, 2017 (REPORT 29)                                         

NONFAT DRY MILK - CENTRAL AND EAST                                              
                                                                                
CENTRAL: Prices for Central low/medium heat nonfat dry milk (NDM) increased 
on the top of the range, but held steady on the mostly price series. Spot 
sale trading has been moderate to light. Overall, low/medium heat NDM spot 
transactions are remaining around the mostly price series. With milk volumes 
still at high levels, low/medium heat NDM production is strong. Inventories 
are adequate and readily available for contractual needs. The market tone is 
steady. Prices for high heat NDM are unchanged. Spot sale activity is light. 
Production is limited, but a handful of manufacturers are anticipating 
production to increase in the near future. Inventories are tight and the 
market tone is stable.    
EAST: Low/medium heat nonfat dry milk (NDM) prices in the East remained 
unchanged on the mostly series, but shifted higher on the top of the range 
price series this week. Some market participants purchased spot loads for 
end users with load specifications playing into final prices. Production is 
active. Inventories are long and continue to build as condensed skim clears 
to dryers. The demand is moderate to light and the market tone is fair.    
Prices for high heat NDM are steady this week. Spot sale trades are minimal. 
Production is light, though a number of market participants foresee an 
uptick in high heat production in the near term. Inventories are limited. 
The demand is mild and the market tone is in good balance. Wednesday's CME 
Group cash trading for Grade A nonfat dry milk closed at $0.8600, down 
$0.0100 from last Wednesday.

F.O.B. CENTRAL/EAST:  Includes EXTRA GRADE and GRADE A                          
LOW/MEDIUM HEAT:   .8500 -  .9800          MOSTLY:   .8800 - .9200               
HIGH HEAT:        1.0000 - 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-
home