MD_DA830                                                         
DA                                                               
MD DA830 Cheese - Midwest                                        

MADISON, WI.  October 21, 2015 (REPORT 42)                       

MIDWEST CHEESE:                                                  

Cheese is moving out of some plants faster than it is being made, leading to 
a draw on manufacturer inventories. Good cheese sales are welcome and plants 
intentionally have inventories to accommodate sales at this time of year 
when cheese production declines. Little spot milk is available to cheese 
manufacturers. A few loads have moved at from $1.25 to $$2.00 over Class, 
but these transactions are rare. The DMN National Retail Report - Dairy shows 
that October 16 - October 22 Midwest ads for 8 ounce shredded cheese have a 
weighted average advertised price of $1.93, 32 cents lower than the national 
average. Midwest prices range from $1.38 - $2.50. One year ago the national price 
was $2.69. For 8 ounce blocks, the Midwest average price is $1.90, 40 cents lower 
than the national average price. Midwest ads are priced from $1.38 to $2.50. Last 
year, the national price was $2.63. Midwestern wholesale prices are unchanged for 
Swiss cuts, up $.0050 for process, but down $.0040 for all other types. In CME 
Group trading Wednesday, barrels closed at $1.6025, down $.0375 from last Wednesday 
and blocks closed at $1.6125, down $.0775.
                                                                
WISCONSIN WHOLESALE SELLING PRICES:  DELIVERED,                  
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Process American 5# Loaf                   : 1.7450-2.1050       
Brick And/Or Muenster 5#                   : 2.0625-2.4875       
Cheddar 40# Block                          : 1.7900-2.1850       
Monterey Jack 10#                          : 2.0375-2.2425       
Blue 5#                                    : 2.3300-3.3175       
Mozzarella 5 - 6# (Low Moisture, Part Skim): 1.8625-2.8025       
Grade A Swiss Cuts 6 - 9#                  : 2.7850-2.9025       

Dairy Market News Reporting Changes Proposal
Dairy Market News (DMN) is proposing updating the Dairy Market News Working
Guidelines. This proposal is the result of an industry comment period. The
updates would allow DMN market reports to additionally include information and
sales prices reported by individuals and firms functioning as marketing agents
selling on the behalf of dairy product manufacturers. The Working Guidelines
updates are intended to capture more information on pricing and market
conditions and reflect the evolution of the marketing of dairy products. Currently,
market pricing information is collected for first sale, f.o.b. producers' plants or
warehouses. The changes would be effective starting with Report 1, January
2016.

Comment by October 30, 2015 to: DMN@ams.usda.gov
Link to current DMN working guidelines:
http://www.ams.usda.gov/market-news/individual-dairy-market-news-commodity-reports
1300C eric.graf@ams.usda.gov  608-557-7010
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