MD_DA710                                                         
DA                                                               
MD DA710 Dry Whole Milk - National                               

MADISON, WI.  May 18, 2017 (REPORT 20)                           

DRY WHOLE MILK - NATIONAL                                        

F.O.B. spot prices for national dry whole milk are steady and 
below international WMP values. In this way, the low price of dry 
whole milk is creating an export opportunity for some domestic 
producers. Trading activity, outside contracts, is light to 
moderate throughout the country. At this point, the market 
undertone is unsettled, but could firm in the short term as 
butterfat values are increasing. Production is irregular, based 
on contractual requirements. Inventories are mostly in balance. 
                                                               
At the GDT Event 188 on May 16, whole milk powder (WMP) prices 
across all contract periods averaged $1.5023 per pound, up 1.3% 
from the last event.
                
F.O.B. PRODUCING PLANT:         1.2800 - 1.4500                  
                               


1100CT AJ Teran 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