MD_DA350                                                    
DA                                                          
MD DA350 Dry Buttermilk (Central and East)                  

MADISON, WI.  March 30, 2017 (REPORT 13)                    

DRY BUTTERMILK - CENTRAL AND EAST                           
                                                            
CENTRAL: Dry buttermilk prices decreased on the bottom of the range. Dry 
buttermilk spot activity saw a slight increase. Dry buttermilk demand is 
waning, as orders from industrial bakeries have slowed. However, dry 
buttermilk interest from ice cream makers is starting to increase. 
Buttermilk drying is active, corresponding to currently active butter 
production. Some Central region contacts expect a near term decrease in 
dry buttermilk prices, as current supply is outpacing near term demand. 
The market tone is uncertain.
EAST: Dry buttermilk f.o.b. spot market prices are unchanged to lower in 
the East. With moderate to heavy churning at most butter facilities, dry 
buttermilk production remains steady while competing for dryer time with 
skim condensed. Overall, dry buttermilk holdings are expanding in excess 
of producers' near term contractual needs. Demand is moderate to slow as 
buyers shop around and make purchases geared toward their current needs. 
Meanwhile, condensed buttermilk exchanges are improving, although strong 
interest from ice cream processors has yet to take off. Sluggish trading 
lends to the market's quiet undertone this week.  

F.O.B. CENTRAL/EAST:    .8000 - 1.0000                                                                                  

1100CT daniel.johnson@ams.usda.gov 608.422.8605  
Israel.weber@ams.usda.gov 608.422.8601
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