MD_DA830 DA MD DA830 Cheese - Midwest MADISON, WI. October 28, 2015 (REPORT 43) MIDWEST CHEESE: Midwest milk supplies available for cheese manufacturing are tightening. Barrel buying interest has led to some looking around to find extra inventories not already committed. Manufacturer activity in getting cheese out to cutters and wrappers for late year holiday orders is past the peak. Cheese is moving out to retailers. Buying interest from food service customers is steady. Minimal cheese from the region is moving into export channels. The DMN National Retail Report - Dairy shows that October 23 - October 29 Midwest ads for 8 ounce shredded cheese have a weighted average advertised price of $2.02, 27 cents lower than the national average. Midwest prices range from $1.50 - $2.50. One year ago the national price was $2.69. For 8 ounce blocks, the Midwest average price is $1.95, 21 cents lower than the national average price. Midwest ads are priced from $1.50 to $2.50. Last year, the national price was $2.63. Midwestern wholesale prices are unchanged for Swiss cuts, and down $.0650 for all other types. NASS reports that September 30, 2015 East North Central region (Wisconsin, Illinois, Michigan, Indiana and Ohio) American cheese stocks were 115% of September 30, 2014, but 98% of August 31, 2015. East North Central region other cheese stocks were 114% of September 30, 2014 but 96% of August 31, 2015. Total U.S. natural cheese stocks on September 30, 2015, 1.149 billion pounds, were 113% of September 30, 2014 but 98% of August 31, 2015. In CME Group trading Wednesday, barrels closed at $1.5550, down $.0475 from last Wednesday and blocks closed at $1.5950, down $.0175. WISCONSIN WHOLESALE SELLING PRICES: DELIVERED, DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS) Process American 5# Loaf : 1.6800-2.0400 Brick And/Or Muenster 5# : 1.9975-2.4225 Cheddar 40# Block : 1.7250-2.1200 Monterey Jack 10# : 1.9725-2.1775 Blue 5# : 2.2650-3.2525 Mozzarella 5 - 6# (Low Moisture, Part Skim): 1.7975-2.7375 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