MD_DA127                                                         
DA                                                               
MD DA127 Whole 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                            

WHOLE MILK POWDER (WMP):   

Pricing for Oceania WMP is sharply higher, led by limited 
offerings and increased market prices on the GDT. Offerings are 
generally limited into currently light demand. Buyers are 
cautious of the sharp increases. Production is steady to lower 
in the region, reflecting the seasonal declines in milk output. 
Manufacturers are trying to keep milk in WMP plants when 
practical. Holdings are mostly steady with limited additional 
offerings being extended. At the November 1 GDT event 175, the 
WMP pricing index, across all contracting periods, averaged 
$3,317 per MT, up 19.8% compared to the prior event.  
                                                                 
26% BUTTERFAT:                           2,800 - 3,400           

930c 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