Period: February 4 – 15, 2019
In Argentina and Uruguay the sunny weather helped to minimize muddy and flood conditions in several dairy farms. Showers intensified over central Brazil, while dryness persisted in the southern region of the country.
Higher summer temperatures continue raising heat stress on dairy herds. In addition, the fat and protein milk components are constantly decreasing, contributing to higher cream premiums paid by buyers. Cream supplies are very tight, while demand is robust.
With the reopening of most educational institutions in the next few weeks, bottlers’ requests are steadily increasing.
SMP export prices decreased in South America on light to moderate trading. SMP production is more active if compared to one month ago, and inventories are slightly more available in the market.
A few sales outside the region slightly pushed down the bottom of the price range for the WMP exported. Market is reported to be in balance.