MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  November 12, 2015 (REPORT 45)                      

OCEANIA                                                          
INFORMATION GATHERED  11/02/2015 - 11/13/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Oceania SMP prices are trending lower. The market undertone is weaker. 
Demand has slowed and buyers are more cautious. Many buyers have coverage 
into Q1 of 2016 and others are seeing offerings from the E.U. and the 
U.S. Some manufacturers want to hold SMP stocks and not sell at current 
pricing levels. Offerings are available for trade needs. Production is 
steady in the region. The category is getting some support because of 
better demand for fat in butter versus WMP. At the November 3 GDT event 
151, SMP for all regions and contracting periods averaged $2,018 per MT, 
-8.0%. For trading in contract period 2, January, prices averaged $1,990, 
-9.2%.

1.25% BUTTERFAT:                         1,950 - 2,150           

0930C Butch.Speth@ams.usda.gov 608.557.7001
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