MD_DA137 Whole Milk Powder - South America Report 3 - Released on January 19, 2023 Whole milk powder prices slid lower this report week. Despite price slippages, contacts suggest markets are not bearish. They relay prices are just settling after some very quiet trading weeks in the region. In fact, some contacts report whole milk powder specifically among dairy commodities and, particularly when compared to New Zealand and Europe, is generally stable. They say domestic and Brazilian demand needs are present, and availability is far from sloppy. Brazilian contacts relay they are waiting out potential shipments until the fall. Milk production in the region is not strong seasonally. Additionally, drought conditions continue to plague a number of countries in the region, including all of the larger dairy producing/trading countries. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Whole Milk Powder Price Range - 26% Butterfat; $/MT: 3,550 - 4,050 Information for the period January 9 - 20, 2023, issued biweekly Secondary Sourced Information: At GDT Event 324, on January 17, whole milk powder prices across all contracts averaged $3,218 per metric ton, down 0.1 percent from the previous GDT event. Published by: Dairy Market News - Madison, WI ISRAEL WEBER, 608-422-8601 Email: israel.weber@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