Tuesday, October 16, 2018
 Nonfat Dry Milk Market Improving  

Nonfat Dry Milk prices are increasing for the third straight week. Futures were higher on Thursday, March 26th with September, October, and November 2010 contracts settling limit-up (+2.5¢) and moving back above $1.20.

Dairy Market News' states, "many producers have cleared part of their inventories and have rasied prices as their postitions improve. Stocks are light to moderate and are in better shape than recent weeks." There has also been an increase in purchases of NDM from cheesemakers looking to fortify their vats.

According to the Dairy Market News' weekly survey, NDM in the Western region is trading for mostly $1.07-$1.12.

On the other hand, the dry whey market continues to soften. Midwestern product is priced at mostly 35.25-38¢ and Western product is mostly 38-42¢, DMN says. Both are the lowest they’ve been all year. More discounting is taking place to keep sales moving, particularly on export sales.

Source: Dairy Market News


Posted on Friday, March 26, 2010 (Archive on Friday, April 02, 2010)
Posted by bsutton@adpi.org  Contributed by bsutton@adpi.org
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