MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  March 03, 2016 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/22/2016 - 03/03/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:    

Cheddar pricing weakened at the top of the price range but held steady at 
the bottom. Cheese manufacturing remains steady, especially to fill 
orders in the region where there is an advantage in transportation costs 
compared with cheese from other regions. Dairy Australia reports that the 
volume of July-December 2015 Cheddar exports was 4.4% higher than the 
same period of 2014. However, the value of July-December 2015 exports was 
2.6% lower than the prior year. At the March 1 GDT event 159, NZ cheddar 
for all regions and contracting periods averaged $2,528 per MT, -0.7%. 
For the April 16 contract period, prices averaged $2,514, -28.9%.                                               
                                                                 
39% MAXIMUM MOISTURE:                    2,500 - 3,000           

                                             
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