MD_DA128 DA MD DA128 Cheddar Cheese - Oceania MADISON, WI. June 25, 2015 (REPORT 25) OCEANIA INFORMATION GATHERED 06/15/2015 - 06/26/2015 U.S. DOLLARS PER METRIC TON, FOB PORT CHEDDAR CHEESE: Oceania cheddar cheese prices moved lower on both ends of the range. The recently concluded Japan negotiations saw increased competition from Europe. The market tone is weaker as supplies in the northern hemisphere are increasing. Milk intakes are steady at seasonally low levels. Cheese production is at the low point of the cycle. Cheese is being made to fill domestic needs and limited export needs. 39% MAXIMUM MOISTURE: 3,200 - 3,550 0930C rick.whipp@ams.usda.gov 608.557.7004 USDA/AMS/Dairy Market News, Madison, Wisconsin Dairy Market News website: www.ams.usda.gov/dairymarketnews Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da- home