MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 14 - Released on April 08, 2021

     In the west, the low/medium heat nonfat dry milk (NDM) price range increased. The mostly
     price series moved higher at the bottom of the range, while remaining steady at the top.
     Domestic demand for low/medium heat NDM is strong. Low/medium heat intended for export
     continues to face delays due to port congestion, with some reporting improvements.
     Production of low/medium heat NDM is active, as milk is readily available for manufacturers
     in the west. Inventories are stable. The high heat NDM price range expanded this week, on
     light spot trading. High heat inventories, in the west, continue to be limited. Market tones
     are steady.


     DAIRY MARKET NEWS MONTHLY AVERAGES
     The March 2021 Dairy Market News monthly average for the West low/medium heat nonfat dry
     milk mostly series is $1.1572 compared to $1.0818 a year ago. The average for Western high
     heat nonfat dry milk is $1.3262 compared to $1.2341 a year ago.
     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - Low & Medium Heat; $/LB:                 1.1200 - 1.2175
     Mostly Range - Low & Medium Heat; $/LB:                1.1500 - 1.1825


     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - High Heat; $/LB:                         1.2700 - 1.3650


     Information for the period April 5 - 9, 2021, issued weekly

     Secondary Sourced Information:

     CME CLOSE
     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.1925, up from last
     week's average price of $1.1825.


     CME GROUP MONTHLY AVERAGES
     The CME Group monthly average price for Grade A nonfat dry milk during March was $1.1676,
     compared to $1.1137 a month ago, and $1.0259 a year ago.
     Published by:
     Dairy Market News - Madison, WI
     ROMAN CARAMAN, (608) 422 - 8593
     Email: roman.caraman@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