MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  February 19, 2015 (REPORT 7)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  02/09/2015 - 02/20/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices moved higher this reporting period as the 
perception of the global supply situation has declined.  Export demand is 
mixed with some buyers willing to hold off purchases for a better 
understanding of market conditions.  Other buyers are interested in 
securing contracts for Q2 and further out.  Freshly made SMP is bringing 
a price premium for orders requiring date specific requirements.  The 
development of weaker milk production volumes in various regions in the 
EU and the resulting slowdown in drying schedules lends support to the 
market's firm undertone.  PSA stock levels through February 8 amounted to 
20,531 MT with Germany accounting for 48.9% of the volume in storage.  

1.25% BUTTERFAT:                         2,325 - 2,675           

0930c rick.whipp@ams.usda.gov 608.278.4151
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
home