Nonfat Dry Milk - Central and East
MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 24 - Released on June 14, 2018

     Central: Low and medium heat nonfat dry milk (NDM) prices slipped on both the range and
     mostly price series. Weeks 23 and 24 have been generally light on overall spot transactions.
     Producers continue to report selling contract loads at a slight premium over market, with
     significant continuity. Lots of condensed skim, throughout the country, continues to keep
     nonfat dryers active. High heat NDM prices were unchanged on a slow trading week. High heat
     NDM producers suggest interest is up in recent weeks. The overall NDM market tone is tepid.
     NDM futures have slipped, and some contacts are suggesting NDM has lost its recent shine.
     Export interest has waned, which has unleashed some market bears.
     East: Prices for low/medium heat nonfat dry milk are a tad weaker in the range and mostly
     price series. Interest, at the moment, pales with declines in low/medium NDM prices.
     Particularly, it doesn�t appear the market is yet ready to marry up NDM prices, as
     manufacturers� offerings generally hold in the low 80s, while market buyers� counter
     proposals rest south of the 80s. Wednesday trading at the CME Group saw Grade A NDM close at
     $0.7800, down $0.0325 from a week ago. Production is mixed at moderate to active levels.
     Supplies are normally adequate for near term customer commitments, and building. The NDM
     market displays an unsettled undertone.

     Prices for high heat nonfat dry milk are steady. Production runs of high heat NDM typically
     fulfill made-to-order customer obligations. The market undertone is steady.
     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:                 .7800 - .8600
     Mostly Range - Low & Medium Heat; $/LB:                .8100 - .8500


     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:                         .9350 - 1.0800


     Information for the period June 11 - 15, 2018, issued weekly

     Secondary Sourced Information:

     The Foreign Agricultural Service (FAS), reports that April 2018 U.S. nonfat dry milk exports
     totaled 166.8 million pounds, a 36 percent increase from a year ago.


     U.S. NDM Exports, H.S. Code 0402100000(FAS)

                      2018 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     April Total            166.8           +  36

     TOTAL, JAN - APR       568.6           +  27
      1 Mexico              240.7           +  20
      2 Indonesia            52.7           + 115
      3 Philippines          52.6           +   7
      4 Vietnam              42.1           + 135
      5 Malaysia             23.6           -   2

     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson@ams.usda.gov
     Israel Weber, 608-422-8601
     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