MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  May 12, 2016 (REPORT 19)                           

OCEANIA                                                          
INFORMATION GATHERED  05/02/2016 - 05/13/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

Skim milk powder prices declined this week and the price range 
narrowed. This follows GDT Event 163 last week, on May 3, when SMP 
prices declined for all contract periods. Australian skim milk powder 
production during January 2016 was down 13.1% from the prior month, 
according to Dairy Australia. For the 2015/16 season through January, 
SMP production was up 11.9% compared with the prior comparable period 
of 2014/15. SMP exports from Australia January-February 2016 compared 
to 2015, decreased 12%, according to GTA. New Zealand exports, in 
contrast, increased 20%.

1.25% BUTTERFAT:                         1,675 - 1,750           

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