MD_DA340 DA MD DA340 Dry Buttermilk - West MADISON, WI. December 03, 2015 (REPORT 48) DRY BUTTERMILK - WEST Dry buttermilk prices are steady. Interest from bakers and hot chocolate dry mix manufacturers is active. The market undertone remains mixed. Sales in the f.o.b. spot market are steady. Production is active, parallel to the butter churning in the West. Inventories are steady to slightly tight. Supplies, based on contracts, from some processors are fully committed thru the end of the year. F.O.B. WEST: .8500 - .9500 MOSTLY: .8700 - .9300 Dairy Market News Reporting Change Notice Upon the conclusion of the October 2015 industry comment period and a review of industry responses, Dairy Market News (DMN) is updating the Dairy Market News Working Guidelines, effective Report 1, January 2016. The updates will allow DMN market reports to additionally include information and sales prices reported by individuals and firms functioning as marketing agents selling on the behalf of dairy product manufacturers. The Working Guidelines updates are intended to capture more information on pricing and market conditions and reflect the evolution of the marketing of dairy products. Currently, market pricing information is collected for first sale, f.o.b. producers' plants or warehouses. Link to current and updated DMN working guidelines: http://www.ams.usda.gov/market-news/individual-dairy-market-news- commodity-reports December 1, 2015 1100CT Angel.Teran@ams.usda.gov (608) 557-7011 USDA/AMS/Dairy Market News, Madison, Wisconsin Dairy Market News website: http://www.ams.usda.gov/market- news/dairy Dairy Market News database portal: www.marketnews.usda.gov/portal/da