MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  June 06, 2013 (REPORT 23)                          

OCEANIA                                                          
INFORMATION GATHERED  05/27/2013 - 06/07/2013                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  WMP pricing moved lower to sharply 
lower this period.  The impacts of lower gDT auction results and 
weaker pricing for other trades factored into lower pricing 
points.  The top of the reported market range is sharply lower.  
Buyer interest is trending lower and not pressuring the current 
limited supplied market as adequate short-term coverage has been 
secured by most buyers.  Other commodity WMP needs shifted to 
suppliers in other countries who have offerings.  Market 
activity has slowed with many market participants taking care of 
existing orders on the books.  New sales are limited in the 
region as the production cycle winds down.  Most orders are 
moving out on a timely basis.  

At the June 4 gDT event, the WMP pricing index, across all 
contracting periods averaged $4,643 per MT, down 7.1%.  The 
first offering of India WMP traded, $3,995, for Contract period 
1 (July 2013).  For Contract period 2, August 2013, NZ pricing 
averaged $5,250 per MT, -14.5%. 

26% BUTTERFAT:                           4,400 - 5,500           

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