MD_DA127                                                         
DA                                                               
MD DA127 Whole 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                            

WHOLE MILK POWDER (WMP):   

Whole milk powder prices in Oceania firmed at the bottom of the price 
range but remained unchanged at the top. The strength in WMP prices 
reflects both the importance of WMP to the region, and the 
importance of the region to supplying global WMP markets. With 
weaker milk production, concerns about milk volumes that will be 
available to manufacture WMP in coming months caused heightened 
current buying interest this week, strengthening prices. GDT 
event 174 on October 18 yielded WMP prices for the November 2016 
contract up 2.3% and for all contracts up 2.9%.

                                                                 
26% BUTTERFAT:                           2,750 - 2,900           

930c 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