MD_DA136 Skim Milk Powder - South America Report 51 - Released on December 19, 2019 With most year-end skim milk powder (SMP) orders fulfilled, free on board port prices adjusted down in the Southern Cone region of South America, after been several weeks on a bullish streak. Some buyers are taking this low price situation to close Q1 contracts. Having said this, the general demand for SMP is currently sluggish, while inventories are more accessible in the cash market. Although condensed skim milk volumes are becoming more available for drying, SMP production is irregular as most balancing plant managers focus on WMP production. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,750 - 3,150 Information for the period December 9 - 20, 2019, issued biweekly Secondary Sourced Information: At the GDT Event 250 on December 17, skim milk powder (SMP) prices across all contract periods averaged $2,867 per metric ton, down 6.3 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