MD_DA830                                                         
DA                                                               
MD DA830 Cheese - Midwest                                        

MADISON, WI.  February 10, 2016 (REPORT 6)                       

MIDWEST CHEESE:                                                  
                                                                 
Cheese production is steady, with milk supplies remaining mostly even. Demand is slower 
at many packaging firms, which has rippled back to manufacturers. Concern with inventory 
levels is increasing in many cheese plants. Process demand is moderate. The DMN National 
Retail Report-Dairy shows that February 5-February 11 Midwest ads for 8 ounce shred 
cheese have a weighted average advertised price of $2.03, 15 cents lower than the 
national average. Midwest prices range from $1.49-$2.50. One year ago, the national price 
was $2.52. For 8 ounce blocks, the Midwest average price is $1.94, 13 cents below the 
national average price. Last year, the national price was $2.47. Midwestern wholesale 
prices declined $0.0175 for Swiss cuts due to a decline in the Class III price, increased 
$0.0250 for process, and increased $0.0050 for all other varieties. In CME Group trading 
Wednesday, barrels closed at $1.4650, up $.0150 from last Wednesday and blocks closed at 
$1.4900, up $.0200. 

WISCONSIN WHOLESALE SELLING PRICES:  DELIVERED,                  
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Process American 5# Loaf                   : 1.5525-1.9125       
Brick And/Or Muenster 5#                   : 1.8425-2.2675       
Cheddar 40# Block                          : 1.5700-1.9650       
Monterey Jack 10#                          : 1.8175-2.0225       
Blue 5#                                    : 2.1100-3.0975       
Mozzarella 5 - 6# (Low Moisture, Part Skim): 1.6425-2.5825       
Grade A Swiss Cuts 6 - 9#                  : 2.6700-2.7875       


       2016 U.S. Cheese Imports (USDA-FAS)

                 2016 Imports      % Change From      % of
                 (Million Lb.)       1 Year Ago       Yearly Quota

TOTAL, JANUARY
    High Tier      	  3.1          + 60.1           ...
    Quota          	 19.0          + 88.0           6.4


2015 U.S. Cheese and Curd Exports (USDA-FAS)

                 2015 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

December Total       54.6            -  9

TOTAL, JAN - DEC    698.2            - 14

 1 Mexico           200.3            + 10
 2 South Korea      124.7            - 20
 3 Japan             75.7            - 39
 4 Australia         38.2            -  3
 5 Canada            29.0            -  6


1300CT eric.graf@ams.usda.gov 608.557.7005
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