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USDA - AMS: Nonfat Dry Milk - West (2019-01-17)

USDA U.S. Department of Agriculture - January 17, 2019


     MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 3 - Released on January 17, 2019

     Western low/medium heat nonfat dry milk (NDM) prices have moved up on both the range and the
     mostly price series. The market has been showing signs of strength for the past three weeks.
     According to industry contacts, this is because domestic and international demands are both
     robust. In addition, with the decrease in the EU intervention stocks of skim milk powder
     (SMP), global NDM/SMP powder inventories are shrinking, and positively affecting prices
     worldwide. In the West, low/medium heat (NDM) production is active, prompted by heavy milk
     availability. However, supplies of low/medium heat (NDM) seem to be in good balance with
     inquiries, with a minor tightness reported in some areas. High heat nonfat dry milk prices
     are up at the top of the range while remaining stable at the bottom. Production is sporadic
     and mostly based on the needs of contractual buyers. Inventories are very tight, but enough
     to satisfy all customers¶ requests.
     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - Low & Medium Heat; $/LB:                 .9300 - 1.0650
     Mostly Range - Low & Medium Heat; $/LB:                .9475 - 1.0400


     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - High Heat; $/LB:                         1.0900 - 1.1950


     Information for the period January 14 - 18, 2019, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.0300, up $0.0275
     from a week ago.

     At the GDT Event 228 on January 15, 2019 skim milk powder (SMP) prices across all contract
     periods averaged $1.0909 per pound, up 10.3% from the last event.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: Florence.KoneGonzalez@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

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