MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  August 17, 2017 (REPORT 33)                        

OCEANIA                                                          
INFORMATION GATHERED  08/07/2017 - 08/18/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

      Oceania whole milk powder prices are weaker. While 
manufacturers would prefer price strength, current pricing 
remains above generally regarded profitability levels. Moreover, 
the current price weakness is slight and within a trading range. 
Nevertheless, the dip was a bit of a surprise.
	Australian WMP production in June, 4,078 MT, was up 162.1 
percent from June 2016. However, production July 2016-June 2017, 
59,982 MT, was 9.3 percent lower than the previous twelve 
months.
      At GDT Event 194 on August 15, the WMP all contracts price, 
$3,143, decreased 0.6 percent.                              
                                      
                                                                 
26% BUTTERFAT:                           3,150 - 3,250           
                                                                                                
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