MD_DA350                                                    
DA                                                          
MD DA350 Dry Buttermilk (Central and East)                  

MADISON, WI.  July 09, 2015 (REPORT 27)                     


DRY BUTTERMILK - CENTRAL AND EAST                           
                                                            
CENTRAL:  Dry buttermilk prices were steady to lower this week. Production 
is steady to lower as butter manufacturers are finding value in selling 
extra cream and choosing not to make extra butter because of the low value 
of dry buttermilk. Manufacturers are offering discounts for condensed 
buttermilk, but demand is lackluster. Spot sales of dry buttermilk were 
infrequent this week. The June DMN monthly average of the range price 
series for Central and East dry buttermilk was $.8868, compared to $1.7844 
a year ago. The NASS Dairy Products Report noted U.S. dry buttermilk 
production during May totaled 8.9 million pounds, 9.2% lower than a year 
ago. Total U.S. dry buttermilk month ending stocks for May were 23.7 
million pounds, 22.4% above last year.
EAST:  Dry buttermilk prices in the East declined slightly at the top of 
the range as spot prices moved lower.  Buying interest is primarily 
centered on contracts.  Some butter manufacturers opted to sell cream in 
lieu of churning.  With the decline in butter production, less condensed 
buttermilk was available for drying.  Producers' buttermilk inventories 
are steady to building.  Sources suggest that buyers stocks are adequate, 
reducing the need to acquire product in the current market situation.  Dry 
buttermilk demand is fairly quiet.   

F.O.B. CENTRAL/EAST:    .8000 - .8900                                                                                   

1100CT Daniel.Johnson@ams.usda.gov & Tara.Herbst@ams.usda.gov
USDA/AMS/Dairy Market News, Madison, Wisconsin 608.557.7006 
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home