Nonfat Dry Milk - West
MD_DA640   ****  Correction to Report on Thursday, August 15, 2019  ****

     Nonfat Dry Milk - Western U.S.

     Report 33 - Released on August 16, 2019

     *Stated change in the lower end of the low/medium heat nonfat dry milk range is corrected to
     $.0025.

     In the West, the low/medium heat nonfat dry milk market sentiment is mixed. F.O.B. prices
     are trending $.0025* lower at the bottom of the range, while remaining steady anywhere else.
     Trading volumes are at hand to mouth levels because of the light to fair interest from spot
     buyers. Some buyers are waiting it out, hoping for more advantageous market conditions.
     Contractual sales of low/medium heat nonfat dry milk are meeting expectations. Milk
     production is generally flat to declining in the West, keeping the low/medium heat nonfat
     dry milk output from picking up too much. High heat nonfat dry milk prices are unchanged
     this week. The state of the market and inventory levels are stable. Loads are mostly moving
     through contracts, but there are a few leftovers for spot sales.
     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:                 .9700 - 1.0750
     Mostly Range - Low & Medium Heat; $/LB:                1.0100 - 1.0500


     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:                         1.1500 - 1.2250


     Information for the period August 12 - 16, 2019, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.0250, up from last
     week's average price of $1.0240.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@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