MD_DA710                                                         
DA                                                               
MD DA710 Dry Whole Milk - National                               

MADISON, WI.  April 20, 2017 (REPORT 16)                         

DRY WHOLE MILK - NATIONAL    
                                    
In the U.S., dry whole milk f.o.b. spot prices are steady to 
higher as some spot sales pushed sharply up the top of the range. 
The market undertone is mostly balanced. According to some 
industry participants, the recent WMP bullish pricing movements 
at the GDT are boosting national dry whole milk values. However, 
national dry whole milk prices are well above international WMP 
values. In this way, some U.S. dry whole milk processors/brokers 
have a competitive limitation in the foreign market. Production 
is steady to slightly higher in order to clear some cream volumes 
throughout the country. Inventories are in balance with 
contractual needs and are more available in the spot market.    

At the GDT Event 186 on April 18, whole milk powder (WMP) prices 
across all contract periods averaged $1.3599 per pound, up 3.5% 
from the last event.

                                                                 
F.O.B. PRODUCING PLANT:         1.3800 - 1.5500                  


1100CT AJ Ter n Angel.Teran@ams.usda.gov 608.422.8593
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