MD_DA830                                                         
DA                                                               
MD DA830 Cheese - Midwest                                        

MADISON, WI.  April 27, 2016 (REPORT 17)                         

MIDWEST CHEESE:
 
Midwest cheese vats remain full as manufacturers work hard to manage high fluid milk 
intakes. Storage facilities continue to fill and inventories are long. Central producers 
report steady to moderate increases in orders. However, some feel that prices are 
beginning to reflect the large supply of cheese available. As grilling season takes off, 
demand for American and cheddar varieties is increasing, while pizza varieties may start 
to experience some decrease in demand. The DMN National Retail Report-Dairy shows that 
April 22-28 Midwest ads for 8 ounce shred cheese have a weighted average advertised price 
of $2.33, 4 cents lower than the national average. Midwest prices range from $1.25-$3.29. 
One year ago, the national price was $2.54. For 8 ounce blocks, the Midwest average price 
is $2.25, 7 cents below the national average price. Midwest ads are priced from $1.25-
$2.50. Last year, the national price was $2.38. This week, a cooperative export 
assistance program accepted requests for 2.465 million pounds of cheese. So far this 
year, the program has accepted requests to sell 17.108 million pounds of cheese. 
According to the NASS Cold Storage report, the East North Central region (Wisconsin, 
Illinois, Michigan, Indiana and Ohio) American cheese stocks on March 31, 2016 were 120% 
of last year, but 98% of last month. East North Central region other cheese stocks were 
110% of March 31, 2015 and 101% of February 29, 2016. Total U.S. natural cheese stocks on 
March 31, 2016 were 11% higher than a year ago and 1% above the previous month. In CME 
Group trading Wednesday, barrels closed at $1.3800, down $.0700 from last Wednesday and 
blocks closed at $1.3625, down $.0775. 


WISCONSIN WHOLESALE SELLING PRICES:  DELIVERED,                  
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Process American 5# Loaf                   : 1.5200-1.8800       
Brick And/Or Muenster 5#                   : 1.8025-2.2275       
Cheddar 40# Block                          : 1.5300-1.9250       
Monterey Jack 10#                          : 1.7775-1.9825       
Blue 5#                                    : 2.0700-3.0575       
Mozzarella 5 - 6# (Low Moisture, Part Skim): 1.6025-2.5425       
Grade A Swiss Cuts 6 - 9#                  : 2.4925-2.6100       

1300CT amy.l.schmitz@ams.usda.gov
(608) 557-7004
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