MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  May 26, 2016 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/16/2016 - 05/27/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:   

Cheddar prices in Oceania strengthened at the each end 
of the price range. Cheese has historically been a 
profitable use for milk in the region, relative to 
other dairy uses. The GDT Event 164 on May 17 also 
recorded a 3.6% increase for June contract cheddar 
cheese prices. Dairy Australia reports that Cheddar 
exports from Australia July 2015-March 2016, increased 
11.4% compared with the same portion of the last 
production season and other cheese exports increased 
12.3%. The value of Cheddar exports increased 3.7% and 
the other cheese export value increased 10.3%. New 
Zealand cheese exports January-March this year are up 
13.8% from the same period of 2015, according to 
Eucolait.                         
                                                                                                    
39% MAXIMUM MOISTURE:                    2,525 - 2,700  

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