MD_DA710                                                         
DA                                                               
MD DA710 Dry Whole Milk - National                               

MADISON, WI.  May 04, 2017 (REPORT 18)                           

DRY WHOLE MILK - NATIONAL                                        
                                                                 
F.O.B. spot prices for national dry whole milk shifted lower as 
several spot sales pushed down both the bottom and top of the 
pricing range. At this point, international WMP values are above 
domestic dry whole milk pricing, which could represent an export 
opportunity for some U.S. processors and traders. Domestically, 
the spot trading activity for dry whole milk has been more active 
during the current week. Demand looks to be light to moderate 
throughout the country. Production is active as several 
processors are focusing on clearing large cream volumes. 
Inventories are in balance with contractual needs, but are 
readily available in the f.o.b. spot market. 

The April 2017 Dairy Market News monthly average for the National 
price series for dry whole milk is $1.4338 compared to $1.2648 a 
year ago. 

At the GDT Event 187 on May 2, whole milk powder (WMP) prices 
across all contract periods averaged $1.4665 per pound, up 5.2% 
from the last event.
                               
F.O.B. PRODUCING PLANT:         1.2800 - 1.4500                  


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