MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  November 10, 2016 (REPORT 45)                      

OCEANIA                                                          
INFORMATION GATHERED  10/31/2016 - 11/11/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):

Pricing for SMP in Oceania is trending slightly higher. The demand 
picture is mostly fair at best and subdued. The market tone is steady 
to slightly firm, gaining some momentum from rising WMP pricing. The 
SMP market is balanced, but cautious. Competition with SMP offerings 
from the U.S. and E.U. are noted. Production is seasonally active, 
but often not the preferred product choice of manufacturers. At the 
November 1 GDT event 175, SMP for all regions and contracting periods 
averaged $2,329 per MT, +6.5%. 
                                                                 
1.25% BUTTERFAT:                         2,275 - 2,400           

0930c Butch.speth@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