MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  September 17, 2015 (REPORT 37)                     

OCEANIA                                                          
INFORMATION GATHERED  09/07/2015 - 09/18/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          

Skim milk prices are up. Sources suggest demand is decreasing due to 
the increase in price. Many end users are covered for current and 
future needs through 2015. Some producers are reducing production in 
order to decrease stocks on hand. Many manufacturers are comfortable 
with position of current stock levels. According to GTIS, Australian 
exports dropped in July, but are YTD 28.1% above year ago levels. At the 
September 15 GDT event 148, SMP for all regions and contracting periods 
averaged $1,992 per MT, +17.0%. For trading in contract period 1, 
October, prices averaged $1,925, +13.6%. 

                                                                 
                                                                
1.25% BUTTERFAT:                         1,800 - 2,075           

       

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