MD_DA136 DA MD DA136 Skim Milk Powder - South America MADISON, WI. May 25, 2017 (REPORT 21) SOUTH AMERICA INFORMATION GATHERED 05/15/2017 - 05/26/2017 U.S. DOLLARS PER METRIC TON, FOB PORT SKIM MILK POWDER (SMP): Skim milk powder (SMP) f.o.b. exports prices are mixed in the Southern Cone of South America. Some export sales within the Mercosur region pushed down the top of the price range. Throughout the past two weeks, the SMP demand has weakened somewhat. In order to improve the supply of cream, the standardization of milk is more active. As a result, condensed skim volumes clearing into SMP production are improving. SMP inventories vary across the region. According to the National Milk Institute (INALE), cumulative SMP exports from January to April 2017 from Uruguay totaled 4,896 tons, up 19% from the same period in 2016. At the GDT Event 188 on May 16, skim milk powder (SMP) prices across all contract periods averaged $1,998 per metric ton, up 1.0% from the last event. 1.25% BUTTERFAT: 2,700- 3,000 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