MD_DA350                                                    
DA                                                          
MD DA350 Dry Buttermilk (Central and East)                  

MADISON, WI.  March 03, 2016 (REPORT 9)                     


DRY BUTTERMILK - CENTRAL AND EAST                           
                                                            
CENTRAL: Prices for Central dry buttermilk are steady to higher. The 
market tone is mixed as prices for butterfat and nonfat solids 
fluctuate. Production is ongoing, but below plant capacities at many 
locations as processors sell condensed buttermilk volumes into Class II 
to alleviate drying schedules. A few plant operators are toll drying 
condensed buttermilk to maximize dryer schedules. Overall dry buttermilk 
inventories are growing, but most manufacturers are content with the 
rate of growth.
EAST: Dry buttermilk prices in the East moved higher at the top of the 
range. Cream supplies are prompting active butter production. Output is 
mixed at regional plants as available dryer time varies. Stocks are 
adequate, however, some producers' inventories are reportedly sold out, 
limiting spot availability. Buyers appear content with purchasing to 
cover current and near term needs. Domestic demand is steady to slow. 
Export demand is active. The market undertone is mixed. 

F.O.B. CENTRAL/EAST:    .7200 - .8500 
                      
1100CT Daniel.Johnson@ams.usda.gov/Janet.Linder@ams.usda.gov
USDA/AMS/Dairy Market News, Madison, Wisconsin (608)557.7006
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