MD_DA136

     Skim Milk Powder - South America

     Report 21 - Released on May 23, 2019

     In the Southern Cone of South America, skim milk powder (SMP) f.o.b. export prices are mixed
     on a narrower pricing range. Some export trades within Mercosur, particularly from
     Argentina/Uruguay to Brazil pulled down the top of the price range, while moderate trading
     from the Mercosur bloc to international markets pulled up the low-end price of the range.
     Throughout the past two weeks, SMP demand has been fair/good, but supplies look to be mostly
     committed through near future contracts. Meanwhile, condensed skim volumes clearing into
     dryers are improving. However, SMP inventories vary from plant to plant throughout the
     region.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,400 - 2,600


     Information for the period May 13 - 24, 2019, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 236 on May 21, skim milk powder (SMP) prices across all contract periods
     averaged $2,529 per metric ton, up 0.5 percent from the last event.
     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@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 (MyMarketNews): https://mymarketnews.ams.usda.gov/