MD_DA137

     Whole Milk Powder - South America

     Report 47 - Released on November 22, 2022

     Whole milk powder prices are unchanged despite some strength on global markets since the
     latest GDT results a week ago today (below). Markets are slower to move in the South
     American region, due to a number of factors, but traders report that Q4 movements are
     contractually focused. Trading in the region is also slower due to an international sporting
     event, as some contacts say days off from the plants to the brokerages will be normal in
     most of the region during the tournament. Production has smoothed out in the Southern Cone
     in recent weeks. More milk, or at least steady milk output at the farm level in the spring,
     is keeping processing active.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Whole Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,800 - 4,200


     Information for the period November 14 - 25, 2022, issued biweekly

     Secondary Sourced Information:

     At GDT Event 320, on November 15, whole milk powder prices across all contracts averaged
     $3,397 per metric ton, up 3.1 percent from the previous GDT event.
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov