MD_DA710                                                         
DA                                                               
MD DA710 Dry Whole Milk - National                               

MADISON, WI.  January 08, 2015 (REPORT 1)                        

DRY WHOLE MILK - NATIONAL                                        
                                                              
Dry whole milk prices held steady on light trading. End users remain 
hesitant to commit to lengthy contracts, especially since this market has 
been slow to show the effects of recent declines in dairy protein and 
butterfat.  Production is limited, with some manufacturers now switching 
to a made-to-order basis.  Inventories are higher than needed to fulfill 
nearby contract volumes at other locations.  The December 2014 Dairy 
Market News average of the price series for dry whole milk was 
$1.5430, compared to $2.0667 one year ago.   

DAIRY PRODUCTS:  NASS reports U.S. dry whole milk production during 
November 2014 totaled 7.1 million pounds, 28.1% higher than one year 
ago. Cumulative 2014 production totals 95.4 million pounds, a 42.5% 
increase compared to 2013.  Month ending stocks, at 21.8 million 
pounds, are 151.1% higher than stocks of one year ago.  

F.O.B. PRODUCING PLANT:         1.4000 - 1.5800                  

1100CT Janet.Linder@ams.usda.gov 608.278.4157
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/mnp/da-home