MD_DA340

     Buttermilk - Western U.S.

     Report 12 - Released on March 23, 2023

     Dry buttermilk demand remains on the light end and market tones continue to be slightly
     bearish. Current demand lags available inventories. Contract sales are steady, while spot
     market sales continue to remain on the light end. Some stakeholders continue to note
     availability of inventories from Q4 of 2022. Industry sources continue to report lower dry
     buttermilk prices compared to prices for nonfat dry milk and skim milk prices. Export demand
     continues to be light. Markets for Mexico and Asian countries had little activity. Butter
     makers keep strong production schedules with plenty of cream available, and drying
     facilities keep steady production schedules with condensed buttermilk available. Both ends
     of the range and mostly price series moved lower this week.
     Prices for: Western U.S., All First Sales, F.O.B., Conventional, and Edible Buttermilk
     Price Range ; $/LB:                                    1.0300 - 1.1500
     Mostly Range - ; $/LB:                                 1.0700 - 1.1300


     Information for the period March 20 - 24, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     Andrew Mattheis, 608-422-8590
     Email: andrew.mattheis@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov