MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  February 04, 2010 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/25/2010 - 02/05/2010                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  Whole milk powder markets and prices are 
weak.  At the most recent global/Dairy Trading event on February 2, 
whole milk powder prices averaged $3,256 per MT ton, down 1.6% from the 
previous event.  Near term (April) deliveries averaged $3,175, 2.5% 
lower than the last event; May - July deliveries averaged $3,280 
(+1.6); and Aug - Oct deliveries averaged $3,240 (-6.7%).  Again, only 
New Zealand sourced whole milk powder was available.  Traders and 
handlers state that often current sales outside of the trading event 
are at prices lower than the average.  Sales have slowed with traders 
indicating that buyers are taking a rest from placing orders until the 
market settles down.                                             
                                                                 
26% BUTTERFAT:                           3,000 - 3,300

0930c steve Schneeberger  (608)250-3204