MD_DA340 DA MD DA340 Dry Buttermilk - West MADISON, WI. May 04, 2017 (REPORT 18) DRY BUTTERMILK - WEST F.O.B. spot prices for western dry buttermilk are unchanged this week. The market is very stagnant according to several industry contacts. Trading activity in the spot market is light. Demand for condensed buttermilk from ice cream makers is improving. Thus, with less condensed buttermilk volumes, dry buttermilk production has been irregular in some processing plants. Dry buttermilk demands from the bakery and confectionary sectors are fair. Inventories are mostly in balance with contractual needs, but slightly tight in the spot market. The April 2017 Dairy Market News monthly average for the West dry buttermilk mostly series is $0.8425 compared to $0.7283 a year ago. At the GDT Event 187 on May 2, buttermilk powder prices across all contract periods averaged $.8432 per pound, up 21.8% from the last event. F.O.B. WEST: .7500 - .9000 MOSTLY: .8000 - .8500 1100CT AJ Ter n Angel.Teran@ams.usda.gov 608.422.8593 USDA/AMS/Dairy Market News, Madison, Wisconsin Dairy Market News website: http://www.ams.usda.gov/market- news/dairy Dairy Market News database portal: http://www. marketnews.usda.gov/mnp/da-home