MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  August 20, 2015 (REPORT 33)                        

OCEANIA                                                          
INFORMATION GATHERED  08/10/2015 - 08/21/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          

Skim milk prices are up following an increase in the GDT auction. 
Bigger sales volumes are getting a discount. Some sources suggest 
global prices will not go lower due to intervention pricing. SMP 
production is steady. Most producers are making SMP due to ongoing 
butter production. 
                                                                 

According to GTIS, New Zealand SMP exports have decreased on a month 
to month basis, March through June, but are still above year ago 
levels for the production year. Australian SMP exports have also 
declined, but are also 24.5% above year ago levels. 
At the August 18 GDT event 146, SMP for all regions and contracting 
periods averaged $1,521 per MT, +8.5%. For trading in contract period 
2, October, prices averaged $1,500, +12.2%. 


                                                                 
1.25% BUTTERFAT:                         1,425 - 1,700           

       

0930C Tara.Herbst@ams.usda.gov 608.557.7007
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