MD_DA350

     Buttermilk - Eastern and Central U.S.

     Report 25 - Released on June 20, 2019

     CENTRAL: The dry buttermilk price increased on the top of the range. Trading was slower, but
     dry products were generally slower this week. Again, there were a few more less-than-load
     (LTL) trades closer to and above $1.10, but truckloads did not meet that mark. Buttermilk
     powders remain tight. Last week, some end users reported more offers, but this week even
     offers were quieter. More milk is flowing into drying plants, but nonfat dry milk production
     remains the focus of most dryers. Dry buttermilk market tones are steady to bullish.

     EAST: Dry buttermilk prices are steady to higher. Production schedules are reduced with slow
     seasonal churning and active condensed buttermilk sales. Spot offerings for dry buttermilk
     are little to none in the region. Limited supplies trump price resistance, as buyers face
     challenges in finding dry buttermilk. Ingredient and baking channels show the best interest.
     The market undertone is firm.
     Prices for: Eastern and Central U.S., All First Sales, F.O.B., Conventional, and Edible
     Buttermilk
     Price Range ; $/LB:                                    1.0300 - 1.0950


     Information for the period June 17 - 21, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@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/