MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  May 23, 2013 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/13/2013 - 05/24/2013                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  Oceania whole milk powder prices are 
mixed.  The pricing levels are lower on the bottom end of the 
range yet higher on the top end of the range.  The higher 
pricing point represents nearby sales at the gDT auction 
results.  Other pricing points are often steady to lower, with 
some lower prices also noted on upcoming months for the auction 
results.  Other buyers are waiting out the current price tide 
and are working off holdings.  Current production volumes are 
trending lower seasonally.  The lower milk intakes are trimming 
schedules.  Holdings of WMP are often well positioned.  
Shipments are moving out for existing contracts.  At the May 15 
gDT event, the WMP pricing index, across all contracting periods 
averaged $4,722 per MT, down 1.7%.  Contract 2 (July 2013) 
pricing averaged $6,151 per MT, up 2.8%. 

For report 19, the Oceania WMP price series was revised on the 
higher end of the $4,800-5,950 range.  
                                                                 
26% BUTTERFAT:                           4,400 - 6,125           

0930c Butch Speth Butch.Speth@ams.usda.gov 608.278.4152