MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  November 12, 2015 (REPORT 45)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  11/02/2015 - 11/13/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): Skim milk powder prices retreated from recent 
gains, reflecting lower trending market prices in the U.S. and 
Oceania. The impact of adequate supplies and lower demand are working 
against the recent "sentimental" upward trending markets. SMP 
production is at seasonal low levels in the E.U., helped only by the 
desire of some processors to maximize returns from the butterfat 
sector. The additional impact of the lowering SMP pricing is that 
intervention will likely see additional activity. There are some 
additional costs associated with intervention offerings, for things 
such as bag liner and lower moisture requirements.                                   

1.25% BUTTERFAT:                         1,825 - 2,000           

0930c Butch.Speth@ams.usda.gov 608.557.7001
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