NFDM is Purchased by the CCC Under the Price Support Program

Posted by Brian Gould Fri, 10 Oct 2008 11:38:00 GMT

There has been a total of 6,363,209 lbs. of non-fortified nonfat dry milk purchased by the CCC under the price support program in spite of the current support price for non-fortified is 80¢ per lb. This is the first nonfat dry milk purchase by the CCC under the support program since July 17, 2006. The spot price for NFDM at the CME today was $1.00