US Nonfat Dry Milk Prices Stabilize as May Exports Fall 20% and Protein Ingredients Outperform
Updated
Updated · czapp.com · Jul 15
US Nonfat Dry Milk Prices Stabilize as May Exports Fall 20% and Protein Ingredients Outperform
2 articles · Updated · czapp.com · Jul 15
Summary
US nonfat dry milk prices are showing signs of bottoming after a sharp correction, with traders reporting improving buyer interest as domestic values move back in line with global markets.
May exports fell 20% from a year earlier after earlier price spikes curbed overseas demand and higher production flipped the market from a winter shortage into surplus.
Early July heat trimmed milk volumes and components only temporarily, but additional summer hot spells could cut output more durably while cream supplies tighten as more milk shifts into ice cream.
High-protein dairy ingredients remain the strongest part of the market, with manufacturers favoring higher-value whey protein concentrates and isolates over commodity dry whey, keeping inventories tight.
Export demand later this year may hinge on consumer spending, with traders warning that higher fuel prices could pressure food purchases heading into the holiday season.