MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  August 20, 2015 (REPORT 33)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  08/10/2015 - 08/21/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): Prices for skim milk powder moved lower in a weak 
market. Some processors do not believe prices will go much lower as more 
and more production enters intervention. Some processors are willing to 
take the lower prices in order to sell product now and not pay storage 
fees. Production is stable to decreasing. Export demand has decreased as 
global prices are lower. 

As of August 3, there are 4,246 MT of SMP offered into public 
intervention. Belgium has the highest amount of stocks in 
intervention with 1,800 MT. 

PSA skim milk powder stock levels on August 9 amounted to 27,453/MT. 
Manufacturers in Germany moved 15,953 MT into PSA over the past 
couple of weeks and have the largest volumes with 7,859 MT in 
holding. 

                             
                                                                 
1.25% BUTTERFAT:                         1,600 - 1,900           


0930c Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home