Oceania Dairy Market Overview

MADISON - Nov 24/09 - SNS -- The USDA published its latest review of dairy market conditions in Australia and New Zealand today.

NONFAT DRY MILK - WEST

Western low/medium heat NDM prices are holding mostly steady in
a lightly tested, holiday shortened week.  The market tone is
mostly steady.  Producer offerings remain on the light side with
buyer interest limited.  Resale offerings of older and current
product continue to dot the landscape with prices often tending
to be steady to lower from recent weeks.  Export demand is fair
to good with the current world market prices moving higher and
buyers reaching to the U.S. for some needs.  Production
schedules are moderate heading into the holiday and are expected
to be higher for a couple of days with no stress expected.
Producers' stocks remain light.  High heat NDM prices are
slightly higher on the top end of the range.  Producer offerings
remain tight and they continue to juggle orders to meet needs.
Buyer interest is fair to good for contract orders and light for
spots.  High heat stocks remain limited.

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A
LOW/MEDIUM HEAT:    1.1000 - 1.4100   MOSTLY:   1.1700 - 1.4000
HIGH HEAT:          1.1600 - 1.4400


1400CT butch.speth@ams.usda.gov

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STAT News Service