MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 45 - Released on November 05, 2020

     In the West, low/medium heat nonfat dry milk (NDM) prices are trending downward on the range
     and mostly price series this week. Trading activities have been slower in the region. Some
     buyers are purchasing spots around the low to mid $1.10s price points. On the CME Group,
     spot prices are shifting lower. Market participants report some global buyers are actively
     purchasing orders. However, there are reports export interests are possibly declining.
     Manufacturers� low/medium heat NDM drying time is unchanged, with a few operations running
     strong production schedules. Market conditions are fluctuating. High heat NDM prices are
     steady to lower. Drying time is fairly slow. A few manufacturers are drying for committed
     orders. Buyers� spot demands are mixed this week. The high heat NDM market resembles a
     bearish tone.

     The October 2020 Dairy Market News monthly average for the West low/medium heat nonfat dry
     milk mostly series is $1.1220 compared to $1.0393 a month ago. The average for Western high
     heat nonfat dry milk is $1.2086 compared to $1.1585 a month 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:                 1.0500 - 1.1500
     Mostly Range - Low & Medium Heat; $/LB:                1.0700 - 1.1250


     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:                         1.1300 - 1.2550


     Information for the period November 2 - 6, 2020, issued weekly

     Secondary Sourced Information:

     The CME Group monthly average price for Grade A NDM during October was $1.1182, compared to
     $1.0654 a month ago.

     U.S. NDM Exports, H.S. Code 0402100000(FAS)
                      2020 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     SEPTEMBER Total      135.6             - 6

     TOTAL, JAN - SEP    1,355.6              + 25
      1 Mexico             458.2              - 17
      2 Philippines        199.7              + 85
      3 Indonesia          163.9              + 72
      4 Vietnam             96.2              + 12
      5 Malaysia            75.6              + 118

     Published by:
     Dairy Market News - Madison, WI
     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