Nonfat Dry Milk - Central and East
USDA - Thu May 09, 4:44AM CDT
MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 19 - Released on May 09, 2019

     ***Included Mostly Price Series***
     CENTRAL: Although the low/medium heat nonfat dry milk (NDM) range held steady, the mostly
     price series pushed up in the Central region. As milk production has yet to reach spring
     flush potential, the amount of condensed skim drying is not where some producers expected it
     to be. Thus, recently produced spot loads are difficult to come by for end users. Those end
     users able to utilize whey protein concentrate 34% in lieu of NDM are taking advantage of
     the notable price difference. High heat NDM saw a price shift up on the bottom of the range,
     as trading remained somewhat quiet in the region. Generally, the NDM market tone is bullish.
     Some contacts suggest markets are rangebound and nearing their apex, while others imply a
     more confident market ahead whether related to the EU intervention stock, more Mexican
     export buying interest, and/or less milk year-over-year.

     EAST: The East nonfat dry milk market price moved higher. Production rates are unchanged at
     most plants. Good Class I demand, in some areas, and lower milk intakes has led to less than
     capacity drying at balancing plants. Those NDM processors are focused on building
     inventories to fulfill mid-to-late summer contracts, while limiting sales to NDM spot
     buyers. The market maintains strength. High heat nonfat dry milk production runs are
     intermittent and geared to standing orders. Stocks are tight.
     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:                 1.0000 - 1.0700
     Mostly Range - Low & Medium Heat; $/LB:                1.0200 - 1.0500


     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 - 1.1800

     Information for the period May 6 - 10, 2019, issued weekly

     Secondary Sourced Information:

     The April NDM monthly average price, at the CME Group, is $0.9986 compared to $0.9671 the
     previous month.

     Dairy Products Report � Nonfat Dry Milk, Human Summary
     Released May 2, 2019, by the National Agricultural Statistics Service (NASS), Agricultural
     Statistics Board, United States Department of Agriculture (USDA).

     Nonfat Dry Milk, Human  Production � States and United States: March 2018 and 2019
                           Monthly Production (1000 pound     Percent Change from
                               March  February     March        March  February
     Region                     2018      2019      2019         2018      2019
     United States           177,980   153,806   163,707         -8.0       6.4

     Atlantic                 36,202    27,506    33,210         -8.3      20.7
        Pennsylvania          18,120    14,119    15,560        -14.1      10.2

     Central                  26,181    30,509    27,879          6.5      -8.6

     West                    115,597    95,791   102,618        -11.2       7.1
        California            69,665    61,538    68,561         -1.6      11.4
     Other States 1/          90,195    78,149    79,586        -11.8       1.8
     1/ States not shown when fewer than 3 plants reported or individual plant operations could
     be disclosed.

     Nonfat Dry Milk, Human Production � Cumulative Production February - March
                           Cumulative Production  Percent Change
                              (1000 pounds)           from
     Report Month               2018      2019        2018
     March                   494,357   490,203        -0.8

                                       Manufacturers' stocks end-of-month 3/
                           End of month stocks (1000 pounds)   Percent Change from
                               March  February     March        March  February
     Product                    2018      2019      2019         2018      2019
     Nonfat Dry Milk, Human  297,296   310,447   288,802         -2.9      -7.0
     3/ Stocks held by manufacturers at all points and in transit.
                                         Manufacturers' shipments 4/
                           End of month stocks (1000 pounds)  Percent Change from
                               March  February     March        March  February
     Product                    2018      2019      2019         2018      2019
     Nonfat dry milk, human  165,149   126,000   173,539          5.1      37.7
     4/ For dry products, shipments of bulk goods.
     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/