MD_DA127                                                         
DA                                                               
MD DA127 Whole 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                            

WHOLE MILK POWDER (WMP):  Oceania whole milk powder markets and prices 
are generally holding steady.  The milk production season is winding 
down, but when possible, any surplus milk is being directed towards whole 
milk powder production.  Traders and handlers are reporting that whole 
milk powder stocks are sufficient to maintain timely shipments to 
international contractual customers.  The port strike in Auckland 
continues to challenge exports, but for the most part, this action is 
being managed by using other North Island ports.  At the February 1 g/DT 
event, whole milk powder price averages were generally lower when 
compared to the previous event, with the exception of Contract #3 (May - 
July) deliveries.  Averaging all contract periods and prices, the average 
is $3,533 per MT, down 0.9% from the previous all contract average.  
April contracts averaged $3,495, -0.8% while May - July contracts 
averaged $3,643, +0.6%.                                          
                                                                 
26% BUTTERFAT:                           3,500 - 3,700

0930c steve Schneeberger  (608)278-4154