Nonfat Dry Milk - West
MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 32 - Released on August 06, 2020

     Low/medium heat nonfat dry milk prices are lower in the West this week. Market conditions
     are unsettled. Market participants note with lower prices, buyers� interests are higher.
     Production and supplies are stable. Cheese processors are clearing low/medium heat nonfat
     dry milk for fortification. Export sales are also steady, with healthy interests from
     Mexico. High heat nonfat dry milk prices slid downward. Buyers� demands are mostly
     unchanged. Industry contacts are preparing for the fall baking season. Drying time is
     scheduled towards committed contracts. Manufacturers� inventory levels are tight.

     The DMN monthly average price of the range series for the West low/medium heat NDM during
     July 2020 was $1.0148, compared to $0.9924 the previous month.

     The July 2020 monthly average price of the range series for West high heat NDM was $1.1455
     compared to $1.1450 the previous month.

     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:                 .9200 - 1.0200
     Mostly Range - Low & Medium Heat; $/LB:                .9500 - 1.0000


     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:                         1.0500 - 1.1800

     Information for the period August 3 - 7, 2020, issued weekly

     Secondary Sourced Information:

     The July 2020 NDM monthly average price, at the CME Group, is $1.0038 compared to $1.0092
     the previous month.

     Dairy Products Report � Nonfat Dry Milk, Human Summary
     Released August 4, 2020, 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: June 2019 and 2020
                            Monthly Production (1000 pound    Percent Change from
                                June       May      June          June      May
     Region                     2019      2020      2020          2019     2020
     United States           157,948   158,591   146,689          -7.1     -7.5

     Atlantic                 34,879    31,373    29,514         -15.4     -5.9
        Pennsylvania          16,344    16,434    13,996         -14.4    -14.8

     Central                  33,458    34,077    37,545          12.2     10.2

     West                     89,611    93,141    79,630         -11.1    -14.5
     California               44,623    57,791    48,147           7.9    -16.7

     Other States 1/          96,981    84,366    84,546         -12.8      0.2
     1/ States not shown when fewer than 3 plants reported, or individual plant operations could
     be disclosed.

     Nonfat Dry Milk, Human Production � Cumulative Production: January - June
                         Cumulative Production  Percent Change
                              (1000 pounds)          from
     Report Month               2019      2020       2019
     June                    991,898 1,008,215        1.6

                                       Manufacturers' stocks end-of-month 3/
                           End of month stocks (1000 pounds)   Percent Change from
                               June       May      June         June       May
     Product                    2019      2020      2020         2019      2020
     Nonfat dry milk, human  291,181   345,716   289,048         -0.7     -16.4
     3/ Stocks held by manufacturers at all points and in transit.

                                       Manufacturers' shipments 4/
                           End of month stocks (1000 pounds)  Percent Change from
                                June        May       June          June        May
     Product                    2019      2020      2020         2019      2020
     Nonfat dry milk, human  141,846   204,717   198,197         39.7      -3.2
     4/ For dry products, shipments of bulk goods.

     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