MD_DA830                                                         
DA                                                               
MD DA830 Cheese - Midwest                                        

MADISON, WI.  November 30, 2016 (REPORT 48)                      

MIDWEST CHEESE: 

Midwest cheesemakers report the wave of extra milk offered over the holiday weekend eased 
back this week as many dairy manufacturers resume regular processing schedules. 
Manufacturers indicate that, although there is a good supply of milk available for 
processing, low-cost spot loads of milk are a little harder to find again. Cheese 
production is very active. Processors are racing to meet committed holiday shipment 
deadlines. Retail cheese orders are strong. Food service demand is steady, but stocks of 
some varieties of deli style cheese have increased somewhat. Meanwhile, inventories of 
barrels and cheese used for processing remain long. The DMN National Retail Report-Dairy 
shows that November 25-December 1 Midwest ads for 8 ounce shred cheese have a weighted 
average advertised price of $1.92, 25 cents below the national average. Midwest prices 
range from $1.25-$2.49. One year ago, the national price was $2.30. For 8 ounce blocks, 
the Midwest average price is $1.78, 45 cents below the national average price. Midwest 
ads are priced from $1.49-$2.49. Last year, the national price was $2.33. Midwestern 
wholesale prices are unchanged for Swiss cuts, up $.0150 for process, and up $.0025 for 
all other types. According to the NASS Cold Storage report, U.S. stocks of cheese (total 
natural) at the end of October 2016 were 1.216 billion pounds, 2% below September 2016, 
but up 6% from October 2015. American stocks were 5% more, other natural stocks were 8% 
more, and Swiss stocks were up 13% compared to last year. In the East North Central 
region (Wisconsin, Illinois, Michigan, Indiana and Ohio) American cheese stocks at the 
end of October 2016, were 4% higher than last year, but 3% less than last month. Other 
cheese stocks in the East North Central region were 10% higher than October 31, 2015, but 
2% below September 30, 2016. In the West North Central region (Minnesota, Iowa, Missouri, 
Kansas, Nebraska, South Dakota and North Dakota) American cheese stocks at the end of 
October 2016, were 5% higher than last year, but 3% below last month. Other cheese stocks 
in the West North Central region were 6% higher than October 31, 2015, and 3% above 
September 30, 2016. In CME Group trading Wednesday, barrels closed at $1.6350, down 
$.0550 from last Wednesday and blocks closed at $1.7600, down $.1000. 


WISCONSIN WHOLESALE SELLING PRICES:  DELIVERED,                  
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Process American 5# Loaf                   : 1.8050-2.1650       
Brick And/Or Muenster 5#                   : 2.2625-2.6875       
Cheddar 40# Block                          : 1.9900-2.3850       
Monterey Jack 10#                          : 2.2375-2.4425       
Blue 5#                                    : 2.5300-3.5175       
Mozzarella 5 - 6# (Low Moisture, Part Skim): 2.0625-3.0025       
Grade A Swiss Cuts 6 - 9#                  : 2.8450-2.9625       


1300CT mike.bandli@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-