MD_DA136                                                         
DA                                                               
MD DA136 Skim Milk Powder - South America 
                               
MADISON, WI.  March 02, 2017 (REPORT 9)                          

SOUTH AMERICA                                                    
INFORMATION GATHERED  02/20/2017 - 03/03/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 
Skim milk powder (SMP) f.o.b. export prices are slightly higher 
in the Southern Cone of South America. Export trades from 
Uruguay/Argentina to Brazil are active, reflected on the top of 
the pricing range. A strong Brazilian real is encouraging import 
activity. On the other hand, the bottom price of the range is 
mirroring moderate SMP export trading from the Southern Cone to 
countries outside the Mercosur bloc. SMP drying schedules are 
lower, driven by the availability of condensed skim supplies. At 
this point, SMP stocks are less than sufficient to cover all 
processing needs. According to the National Milk Institute 
(INALE), Uruguay SMP exports in January 2017 totaled 3,017 MT, 
up 172% from the same period in 2016. At the GDT Event 182 on 
February 21, skim milk powder (SMP) prices across all contract 
periods averaged $2,574 per metric ton, down 3.8% from the last 
event. 

1.25% BUTTERFAT:                         2,575 - 2,775           


1100CT Angel.Teran@ams.usda.gov 608.422.8593
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