MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  September 29, 2016 (REPORT 39)                     

OCEANIA                                                          
INFORMATION GATHERED  09/19/2016 - 09/30/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  

Oceania cheddar cheese prices firmed slightly at each end of the 
price range. Production in New Zealand continues to be lower than 
desired due to the volumes of early season milk availability. New 
Zealand Cheese exports January-July 2016 increased 10.7% from the 
same period of 2015 according to Eucolait. The top three export 
destinations and percentage of total exports are: Japan, 18.0%; 
Australia, 17.3%; and China, 12.7%. GDT event 172 on September 20 
yielded Cheddar prices for the October 2016 contract down 1.0% and 
for all contracts up 2.2%.
                                                                                                                 
39% MAXIMUM MOISTURE:                    3,500 - 3,800           

0930c Eric.Graf@ams.usda.gov 
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