MD_DA350                                                    
DA                                                          
MD DA350 Dry Buttermilk (Central and East)                  

MADISON, WI.  December 22, 2016 (REPORT 51)                 


DRY BUTTERMILK - CENTRAL AND EAST                           
                                                            
CENTRAL: Prices for dry buttermilk advanced as new production 
traded in the f.o.b. spot market. Improved cream availability and 
depressed multiples encourage churning as sales of condensed 
buttermilk continue, but at a reduced level. Processors are busy 
planning weekend dryer schedules with lighter condensed buttermilk 
interest in mind. Stocks are currently adequate for near term 
customer needs, but will likely increase over the holiday period. 
The market undertone is unchanged. 
EAST: Dry buttermilk prices are higher on light seasonal trading. 
Dry buttermilk production volumes are moderate to heavier as 
churning activity increases. As Class II condensed buttermilk 
users wrap up production, prior to holiday plant shutdowns, dry 
buttermilk offerings increased as some sellers look to work off 
inventories. Market demand, however, is sluggish with very little 
spot interest. Inventories are mostly in balance and building. The 
market undertone is primarily steady. 

F.O.B. CENTRAL/EAST:    .9200 - .9700                                                                                   

1100CT daniel.johnson@ams.usda.gov  (608)557.7006
USDA/AMS/Dairy Market News, Madison, Wisconsin 
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