MD_DA350                                                    
DA                                                          
MD DA350 Dry Buttermilk (Central and East)                  

MADISON, WI.  September 08, 2016 (REPORT 36)                

DRY BUTTERMILK - CENTRAL AND EAST                           

CENTRAL: Dry buttermilk markets are strengthening as f.o.b. spot 
purchases inched prices upward. Manufacturers at some plants 
report increased dryer time is available and are able to escalate 
dry buttermilk production. Inventories are tight in some plants 
but adequate in others. F.O.B. spot activity is light. With 
anticipation of prices moving higher, manufacturers in some 
instances are reluctant to sell loads of dry buttermilk.
DAIRY PRODUCTS:  According to NASS, U.S. production of dry 
buttermilk during July 2016 totaled 7.3 million pounds, 21.7% more 
than a year ago, but 10.2% less than the previous month. Month 
ending stocks were 18.6 million pounds, up 29.0% from last year 
but down 13.2% from last month.
EAST: This week, the price of dry buttermilk increased at both the 
bottom and top of the range. Butter manufacturers note a marginal 
jump in production, which leads to increased volumes of condensed 
buttermilk available for drying. Market sources indicate very good 
movement to contract customers, with limited transactions in spot 
markets. Producers' stocks are light to moderate and mostly 
committed. The dry buttermilk market undertone is firm, as prices 
change with NDM. The August 2016 Dairy Market News monthly average 
for Central/East dry buttermilk range series is $0.8176 compared 
to $0.7846 a year ago.   

F.O.B. CENTRAL/EAST:    .8100 - .8900                       

1100CT Daniel.Johnso@ams.usda.gov
USDA/AMS/Dairy Market News, Madison, Wisconsin (608)557.7006
Dairy Market News website: http://www.ams.usda.gov/market-
news/dairyy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home