MD_DA136 Skim Milk Powder - South America Report 25 - Released on June 23, 2022 Skim milk powder prices edged higher on the bottom of the range on similarly quiet market trading activity. Drying/processing is limited, and milk supplies are not particularly stable in the Southern Cone region of the continent. Processors are also facing similar hurdles that domestic U.S. dryers are tackling, such as supply chain delays and labor shortage concerns. Market contacts in the region continue to suggest demand is present, but availability is intermittent. There have been reports of warehouses being more stocked than late last year, but contacts suggest those stores may have been cleared by this point. Despite inventory firmness, market tones are not necessarily bullish, as price points are pushing some end users into more hesitant patterns. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 3,900 - 4,500 Information for the period June 13 - 24, 2022, issued biweekly Secondary Sourced Information: At GDT Event 310, on June 21, skim milk powder prices across all contracts averaged $4,276 per metric ton, up 1 percent from the previous GDT event. Published by: Dairy Market News - Madison, WI ISRAEL WEBER, 608-422-8601 Email: israel.weber@usda.gov Additional Dairy Market News Information: Dairy Market News (DMN) by Phone: (608)422-8602 DMN Website: https://www.ams.usda.gov/market-news/dairy DMN MARS (My Market News): https://mymarketnews.ams.usda.gov