Nonfat Dry Milk - Central and East USDA - Thu Sep 24, 3:30PM UTC MD_DA650
Nonfat Dry Milk - Eastern and Central U.S.
Report 39 - Released on September 24, 2020
CENTRAL: Low/medium heat nonfat dry milk prices firmed in all facets. As is historically the
case, Mexican spot interest has increased and given the overall market tone a shot in the
arm. Domestic buyers are looking to fulfill end of year needs, as well. Production rates
have declined slightly, with dryer time being dedicated to buttermilk and whole milk
production for seasonal demand needs. Condensed skim is reportedly in balance. High heat NDM
prices increased on both ends, as contacts continually report loads are generally made to
order. NDM market tones are much firmer, however contacts question the longevity of the
current bullish run.
EAST: Low/medium heat nonfat dry milk (NDM) prices are higher with index-based contract
increases and f.o.b. spot purchases. Overall, the NDM market is strengthening with not much
price resistance as buyers meet their short term buying objectives. The improvement in
demand from exporters, especially Mexico, helps to drive the strength. As well, buyers show
a willingness to pay more for the immediate delivery of preferred NDM powder. Other buyers
are purchasing hand-to-mouth. Some NDM operations still maintain the sold-out status from
the initial impact of COVID-19 on supplies. Meanwhile, lower milk supplies for some plants
are allowing more time for high heat NDM production. Seasonal demand from fall baking and
blending mix customers is building. Hence, market prices swelled through the range this
week, establishing a firm undertone.
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: 1.0200 - 1.1000
Mostly Range - Low & Medium Heat; $/LB: 1.0300 - 1.0600
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: 1.1300 - 1.2000
Information for the period September 21 - 25, 2020, issued weekly
Secondary Sourced Information:
CME GROUP DAILY TRADING
At the CME Group, on Wednesday, Grade A NDM ended the day at $1.0850, compared to the
previous week's $1.0675 close.
Published by:
Dairy Market News - Madison, WI
DANIEL JOHNSON, 608-422-8605
Email: daniel.johnson4@usda.gov
ISRAEL WEBER, 608.422.8601
Email: Israel.Weber@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
|