MD_DA136 Skim Milk Powder - South America Report 23 - Released on June 04, 2020 In the Southern Cone region, skim milk powder (SMP) free on board export prices are mixed on a narrower range as the bottom price of the range adjusted up, but the top price declined. Brazil has been cutting SMP orders lately due to its current situation with COVID-19. That said, there is still a high degree of uncertainty among market participants, as the regional SMP market is primarily driven by Brazilian imports. SMP drying times are sporadic, while inventory availability is limited in the cash market. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,500 - 2,600 Information for the period May 25 - June 5, 2020, issued biweekly Secondary Sourced Information: At the GDT Event 261 on June 2, skim milk powder (SMP) prices across all contract periods averaged $2,530 per metric ton, down 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 (My Market News): https://mymarketnews.ams.usda.gov