Dry Whole Milk - National
USDA - Thu Nov 09, 10:57AM CST
MD_DA710                                                         
DA                                                               
MD DA710 Dry Whole Milk - National                               

MADISON, WI.  November 9, 2017 (REPORT 45)                      

DRY WHOLE MILK - NATIONAL   

National dry whole milk f.o.b. spot prices are lower, becoming 
more in line with international WMP values. According to some 
industry participants, the domestic market tone is weaker, 
sustained by higher seasonal farm milk production. Moderate to 
heavy condensed milk volumes are clearing into dryers, which is 
boosting dry whole milk output, nationwide. Therefore, 
inventories are building throughout the country.

The October 2017 Dairy Market News monthly average for the 
National price series for dry whole milk is $1.4350 compared to 
$1.3365 a year ago. 

The NASS Dairy Products report noted U.S. dry whole milk 
production during September 2017 totaled 10.6 million pounds, 
53.2 percent higher from one year ago, and 19.6 percent above the 
previous month. Total U.S. dry whole milk month ending stocks for 
September were 20.7 million pounds, 51.3 percent above last year.  

At the GDT Event 199 on November 7, whole milk powder (WMP) 
prices across all contract periods averaged $1.2937 per pound, 
down 5.5 percent from the last event.
                                     
                                                                                                                             
F.O.B. PRODUCING PLANT:         1.2900 - 1.4500  



1100CT AJ Teran Angel.Teran@ams.usda.gov 608.422.8593
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-
news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home