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