Nonfat Dry Milk - Central and East
MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 44 - Released on October 29, 2020

     CENTRAL: Low/medium heat nonfat dry milk (NDM) prices settled down after consecutive weeks
     of consistent increases. More trades are taking place at or around the $1.10 mark. Buyers
     say producers are less hesitant to offer loads at more agreeable prices. Domestic demand is
     somewhat quiet after weeks of busy trading. That said, export interests have some potential
     strength as U.S. prices remain below the global level. Condensed skim is available, but
     buyers are hesitant at current price points. High heat NDM trading was somewhat quiet in the
     Central region, as prices slipped on the top of the range. NDM market tones are quieting
     down.
     EAST: Low/medium heat nonfat dry milk (NDM) prices dipped lower on the range and mostly
     price series. Spot trading activities have slowed this week. Many buyers are not looking to
     purchase additional loads. Moreover, some market participants have adequate inventory levels
     for the near term. There are reports export interest is stable to slowing. Low/medium heat
     NDM production is slightly picking up. Eastern inventory levels are balanced to light. Some
     operations are not offering loads on the spot market. High heat NDM prices are steady to
     lower. Available drying time is short, and inventories are light. Buyers� interests are
     slightly picking up. Although spot prices have shifted lower, market participants note high
     heat NDM markets are holding a stable tone.

     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:                 1.0700 - 1.1400
     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:                         1.1300 - 1.2000


     Information for the period October 26 - 30, 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