MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  February 02, 2012 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/23/2012 - 02/03/2012                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Oceania skim milk powder markets and prices are 
generally steady.  The milk production season is winding down, but still 
providing sufficient milk volumes to maintain active butter/powder 
manufacturing schedules.    Traders and handlers indicate that powder 
stocks are sufficient to fulfill commitments with minimal volumes 
remaining as uncommitted.  At the February 1 g/DT event, skim milk powder 
contract price averages were generally lower.  Near term March and U.S. 
sourced skim milk powder averaged $3,008 per MT, 0.9% lower than the 
previous near term contract average.  New Zealand sourced powder price 
averages were generally lower with the exception of May - July contracts 
which average 0.3% higher than the previous Contract #3 average.                                              
                                                                 
1.25% BUTTERFAT:                         3,275 - 3,500

0930c steve Schneeberger  (608)278-4154