MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  April 27, 2017 (REPORT 17)                         

OCEANIA                                                          
INFORMATION GATHERED  04/17/2017 - 04/28/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  

       Cheddar prices are higher at the bottom of the price range but 
steady at the top. Pricing is lower than much of 2017, but up at the 
bottom of the price range from the low point of the year two weeks 
ago. Current pricing is considered to be probing buying interest and 
may reflect a recent trading range variation. Buyers are generally 
able to step back or slow buying at this time. However, recent 
adverse weather impacts on New Zealand have increased worries about 
reduced milk production in coming weeks, helping to nudge some buyers 
toward completing sales now. 
       At GDT Event 186 on April 18, the cheddar all contracts price 
increased 6.0% and the May contract price increased 7.5%. 

39% MAXIMUM MOISTURE:                    3,450 - 3,500           

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