MD_DA136

     Skim Milk Powder - South America

     Report 45 - Released on November 07, 2019

     In the Southern Cone region, free on board export prices for skim milk powder (SMP) shifted
     higher, in line with upward SMP pricing movements in some offshore auctions and the bullish
     global trend of milk protein values. Due to the active production of WMP, drying schedules
     to make SMP are restricted in most balancing plants. As a result, SMP inventories are
     limited, while the market tone continues strengthening. Export trades to Brazil are light
     with values reflected on the top of the pricing range. Sales outside the Mercosur bloc are
     light to moderate, mirrored on the bottom of the pricing range.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,600 - 3,000


     Information for the period October 28 -  November 8, 2019, issued biweekly

     Secondary Sourced Information:

     Secondary Information:
     At the GDT Event 247 on November 5, skim milk powder (SMP) prices across all contract
     periods averaged $2,924 per metric ton, up 6.7 percent from the last event.

                  2019 Brazil SMP Imports (USDA-COMEX)
                      2019 Imports     % Change From
                      (Thousand MT.)      1 Year Ago

     Oct                    0.9             -  76

     TOTAL, JAN - OCT      16.1             -   8
     Uruguay                8.4             +  36
     Argentina              7.3             -  20
     United States          0.4             -  62
     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 (My Market News): https://mymarketnews.ams.usda.gov