MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  June 08, 2017 (REPORT 23)                          

OCEANIA                                                          
INFORMATION GATHERED  05/29/2017 - 06/09/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:    

      Cheddar cheese prices increased, reaching the highest level 
of 2017. Initial reactions from dairy market participants in the 
region were to characterize the strength as surprising, 
seemingly with no clear reason. New Zealand cheese exports 
January-April, 2017, declined 6.8% in tons, but increased 9.8% 
in value, according to CLAL. At GDT Event 189 on June 6, the 
cheddar all contracts price increased 14.5% and the July 
contract price increased 18.4%. The Dairy Market News international 
monthly average price in dollars/metric ton for Oceania cheddar 
prices in May, 2017, $3,662, compares with $2,607 one year earlier.                                           
                                         
                                                                 
39% MAXIMUM MOISTURE:                    3,700 - 4,200           


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