D_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  February 04, 2016 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/25/2016 - 02/04/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:                                                  
     
Strength in near term GDT contracts and other current transactions 
overcame later GDT weakness, to slightly increase current pricing. There 
are concerns about weaker pricing in future months.  According to 
Eucolait, New Zealand's exports of cheese in 2015 increased 17.6%. Japan, 
Australia and China are the top customers. Australian cheese exports 
January through November, 2015, are up 13%. Japan is the largest 
customer. At the February 2 GDT event #157, NZ cheddar averaged $2,854/MT 
for April contracts, +0.9% from the prior event.  Cheddar for all 
contracting periods averaged $2,807/MT, -4.2%.  


                                                    
39% MAXIMUM MOISTURE:                    3,000 - 3,250           

                                                              
0930c Eric.Graf@ams.usda.gov 608.557.7005
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home