MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  April 02, 2015 (REPORT 13)                         

OCEANIA                                                          
INFORMATION GATHERED  03/23/2015 - 04/03/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for SMP declined at each end of the price 
range.  The overall market tone is bearish.  Low and high prices reflect 
transactions extending beyond GDT pricing for Event 137.  Many customers 
for New Zealand SMP will pay higher prices than what SMP from elsewhere 
commands.  There is SMP in the region that sellers would like to move but 
many customers are comfortably stocked.  Discounts are offered to big 
volume buyers.  As the end of the milk production season nears, lower 
seasonal milk supplies are more likely to be made into SMP than other 
products.  Thus, recent evidence of more milk production than had been 
expected will result in more SMP than had been expected.  At the April 1 
GDT event 137, SMP for all regions and contracting periods averaged 
$2,467 per MT, -9.9%.  For trading in contract period 2, June, prices 
averaged $2,705 for NZ sourced medium heat product, down $96 from the 
prior event.                                          
                                                                 
1.25% BUTTERFAT:                         2,500 - 2,900           

0930C eric.graf@ams.usda.gov 
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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