MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 40 - Released on October 01, 2020

     CENTRAL: Low/medium heat nonfat dry milk (NDM) prices shifted bullishly, to put it lightly.
     Increased demand and tighter drying schedules while plants are pushing more buttermilk and
     whole milk through has limited recent production, even as condensed skim is attainable.
     Domestic demand has picked up, as export buying has regional end users getting involved
     before prices push even higher. Producers add that cheesemakers are also buying some extra
     NDM on the spot market to fortify. High heat NDM prices were mixed, but prices more
     noticeably increased on the top of the range. High heat NDM trading was busier, as well. NDM
     market tones, in general, are bullish.
     EAST: Low/medium heat nonfat dry milk (NDM) prices are higher. NDM markets have firmed in
     the East region. Manufacturers are offering spots at stronger price points. Several market
     participants are purchasing on the spot market. On various market exchanges, prices continue
     to increase. There are reports export demand is healthy and supporting competitive prices on
     the domestic market. Some NDM manufacturers are very limited on spot supplies, as some
     operations are sold-out of inventories. Drying time is steady to lower. High heat NDM prices
     have shifted higher on the top of the range. Spot market activity has picked up this week.
     The market tone is firm.
     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:                 1.0600 - 1.1600
     Mostly Range - Low & Medium Heat; $/LB:                1.0800 - 1.1200


     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:                         1.1200 - 1.2400


     Information for the period September 28 -  October 2, 2020, issued weekly

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

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov