Here is today's Dairy Market News mention relative to NFDM:
MD_DA640
DA
MD DA640 Nonfat Dry Milk - West
MADISON, WI. September 30, 2010 (REPORT 39)
NONFAT DRY MILK - WEST
Western low/medium heat nonfat dry milk prices are unchanged for the
mostly series, but slightly lower for the top end of the range. The
market tone is steady. A cautious undertone surfaced as the trade
assesses what effects the Russian stoppage of importing U.S. dairy
products will have on the NDM and other dairy product markets.
Higher world SMP prices are noted, but the U.S. price is not moving
towards those levels at this time. Current NDM producer offerings
are generally light and expected to be limited over the next few
weeks. There are sporadic offerings of older NDM available along
with availability from resellers. Production of NDM is steady to
slightly higher and mirroring changes in milk production in the
region. Stocks are light to moderate. Western high heat prices are
trending slightly higher. The market tone remains fully balanced
with seasonal demand noted. The spot market is only lightly tested.
High heat output often remains limited and being held for contracted
or later committed needs. Stocks are mostly light.
