MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  March 19, 2015 (REPORT 11)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  03/09/2015 - 03/20/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Skim milk powder prices moved lower again this 
period.  Market activity has slowed, compared to recent weeks, as many 
buyers have adequate supplies to cover their near term needs.  
Predominate buyer sentiment is to take a wait and see attitude, limit 
purchases to immediate needs and ascertain market conditions in April 
when production schedules are expected to expand.  The weak euro, 
compared to the U.S. dollar, has prompted some new buyer interest, but 
resulting sales have been of relatively low volumes.  The market 
undertone is unsettled going into the non-quota season.   PSA stock 
levels through March 8 amounted to 17,546 MT.   

1.25% BUTTERFAT:                         2,150 - 2,450           

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-
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