MD_DA710                                                         
DA                                                               
MD DA710 Dry Whole Milk - National                               

MADISON, WI.  December 08, 2016 (REPORT 49)                      

DRY WHOLE MILK - NATIONAL                                        
                                                                 
National dry whole milk f.o.b. prices are steady to higher. A few 
spot sales pushed up the top price of the range. According to 
some manufacturers, higher WMP international prices are helping 
to boost domestic prices. Dry whole milk production is limited, 
as milk fat is mostly used to meet strong seasonal butter and 
Class II processing needs. Inventories are generally tight, but 
enough to meet contractual requirements. At the GDT Event 177 on 
December 6, whole milk powder (WMP) prices across all contract 
periods averaged $1.6298, up 4.9% from last event. The November 
2016 Dairy Market News monthly average for the National price 
series for dry whole milk is $1.3400 compared to $1.3008 a year 
ago. The NASS Dairy Products report noted U.S. dry whole milk 
production during October 2016 totaled 6.9 million pounds, 31.9 
percent higher than a year ago. Total U.S. dry whole milk month-
ending stocks for October were 14.1 million pounds, 133.3 percent 
above last year. 

F.O.B. PRODUCING PLANT:         1.2500 - 1.5500                  


1100CT Angel.Teran@ams.usda.gov 608.557.7011
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-
news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home