MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  October 27, 2016 (REPORT 43)                       

OCEANIA                                                          
INFORMATION GATHERED  10/17/2016 - 10/28/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

Skim milk powder prices in Oceania weakened at each end of the price 
range. This represents a retreat from the 2016 peak of SMP prices 4 
weeks ago. While regional milk supplies available to make SMP are 
tighter, the large stocks of SMP held in Europe are a concern in 
Oceania. In particular, uncertainty as to how and when the EU will 
move SMP held by the intervention program into markets is causing 
nervousness and weaker prices. GDT event 174 on October 18 yielded 
SMP prices for the November 2016 contract down 3.6% and for all 
contracts down 0.3%.
                                  
                                                                 
1.25% BUTTERFAT:                         2,175 - 2,350           

0930c Eric.Graf@ams.usda.gov 
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