MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

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

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

SKIM MILK POWDER (SMP):  Skim milk prices moved higher this period.  
Demand has increased with buyer concerns over the possibility of reduced 
supplies coming out of Oceania.  Some buyers are attempting to lock in 
purchases prior to possible future price increases.  U.S. West Coast port 
disruptions have added to demand interest with some buyers looking for 
spot sales to cover delivery delays.  Supplies in Oceania are more than 
adequate to cover current commitments.  At the February 17 GDT event 134, 
SMP for all regions and contracting periods averaged $2,744 per MT, 
+5.7%.  For trading in contract period 2, April, prices averaged $2,550 
for NZ sourced medium heat product, up $95 from the prior event.  
                                                                 1.25% 
BUTTERFAT:                         2,500 - 2,900           

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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