MD_DA136 DA MD DA136 Skim Milk Powder - South America MADISON, WI. April 27, 2017 (REPORT 17) SOUTH AMERICA INFORMATION GATHERED 04/17/2017 - 04/28/2017 U.S. DOLLARS PER METRIC TON, FOB PORT SKIM MILK POWDER (SMP): In the Southern Cone of South America, f.o.b. export prices for skim milk powder (SMP) shifted slightly up, remaining well above offshore values. Regional SMP prices are following recent WMP upward trends at the GDT. In order to ease the regional shortage of milkfat supply within the Mercosur zone, many processors are increasing SMP production. Although SMP stocks are steadily rising and therefore are more obtainable, SMP values continue firming, puzzling some stockholders in the region. At the GDT Event 186 on April 18, skim milk powder (SMP) prices across all contract periods averaged $2,044 per metric ton, up 7.1% from the last event. 1.25% BUTTERFAT: 2,500- 2,900 930CT AJ Teran 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