MD_DA136 Skim Milk Powder - South America Report 39 - Released on September 24, 2020 Free on board export prices for skim milk powder (SMP) shifted up across the main ports of the Southern Cone region of South America. However, the SMP market is very elastic, and prices could change very quickly during the next couple of weeks, according to some contacts. Currently, most processing plant managers are prioritizing the production of UHT milk over dairy powders. In this way, SMP demand is above its current supply and the market tone is firmer. Drying schedules of condensed skim milk are limited and stringently dedicated to cover contractual needs. 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 - 2,950 Information for the period September 14 - 25, 2020, issued biweekly Secondary Sourced Information: At the GDT Event 268 on September 15, skim milk powder (SMP) prices across all contract periods averaged $2,889 per metric ton, up 8.4 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