Nonfat Dry Milk - Central and East
USDA - Thu Sep 13, 10:36AM CDT
MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 37 - Released on September 13, 2018

     CENTRAL: Mexican interest continues to bolster low/medium heat nonfat dry milk (NDM) prices,
     as the mostly price series shifted up. Contacts are reporting a growing number of offers are
     into the mid $.90s, but buyers are cautious and question whether markets are at or near a
     plateau. That said, more spot prices were reported at or just above $.90 this week than any
     previous week this year. Condensed skim, although contacts suggest it is slightly less
     available, remains at steady price points. Therefore, low/medium heat NDM drying is active.
     However, inventories are balanced, and in some cases tight, according to producers. Also, as
     baking season nears, some drying time is going to be readjusted in order to get more high
     heat NDM and buttermilk powder production accomplished. High heat NDM prices remain
     unchanged as most current drying is dedicated to contractual needs. The NDM market tone is
     uncertain, with more bullish potential than bearish.
     EAST: Low/medium heat nonfat dry milk prices are steady on the range, but slightly increased
     on both sides of the mostly series this week. Milk production is lower in the East
     currently. Class I demand is strong as bottlers are filling school pipelines. At this time,
     NDM production is steady to lower as milk is clearing into other Class needs. Hurricane
     Florence has also impacted production schedules, as some Southeastern plants have closed.
     NDM supplies are fairly stable as manufacturers are able to offer spot loads. The demand is
     fair/good this week, however some market participants are speculating about current market
     prices, and if the demand will continue to increase prices. High heat NDM prices are
     unchanged after a slow trading week. The spot market has been fairly quiet recently, as
     buyers' demand is somewhat stagnate. There are many reports of high heat NDM production
     increasing once the baking season is near. Manufacturers' inventories are tight. The market
     undertone is steady this week.
     Prices for: Eastern and Central U.S., All First Sales, F.O.B., Extra Grade & Grade A,
     Conventional, and Edible Nonfat Dry Milk
     Price Range - Low & Medium Heat; $/LB:                 .8500 - .9400
     Mostly Range - Low & Medium Heat; $/LB:                .8800 - .9100


     Prices for: Eastern and Central U.S., All First Sales, F.O.B., Extra Grade & Grade A,
     Conventional, and Edible Nonfat Dry Milk
     Price Range - High Heat; $/LB:                         1.0000 - 1.0500


     Information for the period September 10 - 14, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home