NDM - CENTRAL:
This week, low/ medium heat nonfat dry milk prices are mixed, based on f.o.b. spot transactions. Demand is fair to good with most buyer interest centering on new low/medium NDM production. Some buyers remain cautious not to take on too much product, with the possibility of lower priced offerings emerging. Dryers have been running at capacity levels but will likely ease toward the end of the week. As a result, heavier output and rather limited demand, in this short holiday week, are adding to NDM stocks. Manufacturing schedules vary, relative to contractual customer needs.
NDM - EAST:
Cash market transactions adjusted low/medium heat nonfat dry milk prices steady to lower in the range, while steady to higher in the mostly series. Production rates remain elevated for the regions’ low/medium heat NDM processors. However, processing is expected to taper as bottlers look to extend orders for milk supplies as the end of the holiday period approaches. Manufacturers’ NDM holdings are increasing, although some processors note those
volumes as committed product. Loads are primarily clearing to customer
accounts. The NDM market undertone is firming. High heat nonfat dry milk
prices are also firming.
NDM - WEST: Prices
for low/medium NDM adjusted higher at the top of the mostly pricing
series on light f.o.b. spot trading. Along with heavy holiday milk
intakes, sluggish condensed sales encourage very active low/medium heat
NDM dryer schedules. In general, inventories appear to be well balanced.
Sources report strong domestic sales. International customer orders are
active. As well, increasing interest from Mexico for both new and aged
product has been an impetus for some traders to take on extra NDM
volumes. A majority of sellers are looking to January for a better
indication of how sales will materialize in 2017. The market undertone
continues to show strength.
heat nonfat dry milk prices are steady to higher. Production is
intermittent, as some producers schedule runs to catch up with orders