MD_DA136

     Skim Milk Powder - South America

     Report 29 - Released on July 18, 2019

     In the Southern Cone of South America, skim milk powder (SMP) export prices are mixed on a
     wider range. Sporadic SMP export activity from Argentina/Uruguay to Algeria pushed down the
     bottom price of the range, while light to moderate sales to Brazil pulled up the top. Skim
     milk volumes moving into dryers are restricted mainly because most processors are focusing
     on converting milk volumes into WMP. Consequently, SMP inventories remain tight in most
     balancing plants. At this point, the market undertone is unsettled.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,250 - 2,550


     Information for the period July 8 - 19, 2019, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 240 on July 16, skim milk powder (SMP) prices across all contract periods
     averaged $2,505 per metric ton, up 3.8 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