MD_DA136 Skim Milk Powder - South America Report 21 - Released on May 21, 2020 In the Southern Cone of South America, skim milk powder (SMP) free on board export prices are higher, in line with upward trends at some offshore auctions. A few export sales within Mercosur, particularly from Argentina/Uruguay to Brazil, pushed up the top of the price range. In the same fashion, moderate export trading to Algeria pulled higher the low-end price of the range. SMP demand has strengthened throughout the past two weeks, but inventories seem committed thru near future contracts. SMP production is very limited as most of the drying time is spent in manufacturing WMP. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,450 - 2,650 Information for the period May 11 - 22, 2020, issued biweekly Secondary Sourced Information: At the GDT Event 260 on May 19, skim milk powder (SMP) prices across all contract periods averaged $2,549 per metric ton, up 6.7 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 (My Market News): https://mymarketnews.ams.usda.gov