MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  February 18, 2016 (REPORT 7)                       

OCEANIA                                                          
INFORMATION GATHERED  02/08/2016 - 02/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Skim milk powder prices are unchanged and the market is weak. 
Intervention in the EU is frequently commented upon as a factor in 
keeping Oceania prices in a relative relationship to EU SMP prices. The 
current Oceania price range is below the range one year ago, which was 
2,500 - 2,900. Current pricing at the upper end of the price range tends 
to represent smaller volumes of higher spec specific origin Australian 
product, which commands a small premium. With volumes of older SMP in 
storage, current production in this weak market is low. At the February 
16 GDT event 158, SMP for all regions and contracting periods averaged 
$1,762 per MT, -1.4%.  For trading in contract period 2, April, prices 
averaged $1,759, -3.2% from the prior event.  
                                         
                                                                 
1.25% BUTTERFAT:                         1,725 - 1,900   

0930c Eric.Graf@ams.usda.gov 608.557.7005
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