MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  February 18, 2016 (REPORT 7)                       

OCEANIA                                                          
INFORMATION GATHERED  02/08/2016 - 02/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  Cheddar pricing weakened, more at the bottom of the 
price range than the top. Spot pricing is more reflected at the bottom 
levels. Higher pricing is more supported by long term commitments and 
relationships with preferred sources. Manufacturing schedules are steady.   
The current Oceania price range is below the range one year ago, 
which was 3,400 - 4,000. At the February 16 GDT event 158, NZ cheddar 
for all regions and contracting periods averaged $2,535 per MT, -
5.6%.  For trading in contract period 2, April, prices averaged 
$2,560, -9.6% from the prior event.  
                                                                                                            
39% MAXIMUM MOISTURE:                    2,500 - 3,200           

                                                   
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