MD_DA137 Whole Milk Powder - South America Report 21 - Released on May 23, 2019 In the South American Southern Cone region, free on board export prices for whole milk powder (WMP) adjusted down to reflect the current steady to bearish market conditions inside and outside the Mercosur bloc. With higher regional farm milk intakes, drying schedules for condensed whole milk are more active compared to a month ago. In this way, WMP inventories are becoming more than enough to meet most customer needs. The low end of the pricing range is reflecting moderate exports mainly to Algeria, while the high end is mirroring healthy Brazilian imports from Uruguay and Argentina. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Whole Milk Powder Price Range - 26% Butterfat; $/MT: 3,000 - 3,350 Information for the period May 13 - 24, 2019, issued biweekly Secondary Sourced Information: At the GDT Event 236 on May 21, whole milk powder (WMP) prices across all contract periods averaged $3,180 per metric ton, down 2.1 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: http://www.ams.usda.gov/market-news/dairy DMN MARS (MyMarketNews): https://mymarketnews.ams.usda.gov/