MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  June 25, 2015 (REPORT 25)                          

OCEANIA                                                          
INFORMATION GATHERED  06/15/2015 - 06/26/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Oceania skim milk powder pricing held steady 
this reporting period.  Some large volumes were transacted in recent 
weeks as manufacturers in Oceania received a large share of the Algerian 
tender.  Drying schedules are light, reflecting the milk production 
trends moving towards the seasonal low point.  Processors are working on 
limited schedules as most plants are down for maintenance ahead of the 
next production season and the new influx of milk.  Current offerings 
outside of orders on the books are minimal.  Supplies are more than 
adequate to fill existing orders.  Existing season demand is limited.  
Negotiations for the next season are taking place with no appreciable 
increase in prices expected, given the levels of milk production and 
drying schedules in the northern hemisphere.  At the June 16 GDT event 
142, SMP for all regions and contracting periods averaged $1,978 per MT, 
-0.2%.  For trading in contract period 2, August, prices averaged $1,940 
for NZ sourced medium heat product, up $20 from the prior event.                   

1.25% BUTTERFAT:                         1,900 - 2,200           

0930C rick.whipp@ams.usda.gov 608.557.7004
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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