MD_DA107                                                         
DA                                                               
MD DA107 Whole Milk Powder - Europe                              

MADISON, WI.  May 26, 2016 (REPORT 21)                           

WESTERN EUROPE                                                   
INFORMATION GATHERED  05/16/2016 - 05/27/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):    

Whole milk powder prices strengthened at each end of the price range. 
This represents some improvement from prices that had trended lower 
earlier this year, until recent weeks. Current price strength is not 
necessarily viewed as a new trend, as much as a retreat from recent 
lower prices. EU customers have recently committed to acquiring new 
volumes for use in the EU, which has helped strengthen prices. Some up 
and down movement within a range is still expected in future weeks. 
The EU demand has been welcome, as exports have been more challenging. 
EU WMP exports January-March 2015 were 3.6% below volumes of the same 
period one year earlier, according to Eucolait.                                    
                                                                 
26% BUTTERFAT:                           2,050 - 2,200       

0930c Eric.Graf@ams.usda.gov 608.557.7005
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