MD_DA128 DA MD DA128 Cheddar Cheese - Oceania MADISON, WI. December 08, 2016 (REPORT 49) OCEANIA INFORMATION GATHERED 11/28/2016 - 12/09/2016 U.S. DOLLARS PER METRIC TON, FOB PORT CHEDDAR CHEESE: Cheddar cheese prices in Oceania firmed at each end of the price range. Prices are at the highest level of the year. In Australia cheese is often a preferred use for milk currently available. In contrast, some New Zealand manufacturers have moved away from cheese to other dairy products which are viewed as more profitable. At GDT Event 177 on December 6, 2016, the all contracts cheddar price increased 2.2%. The November 2016 Dairy Market News monthly average for Oceania cheddar, $3,630, is up from $3,150 in November last year. 39% MAXIMUM MOISTURE: 3,575 - 3,900 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