MD_DA830                                                         
DA                                                               
MD DA830 Cheese - Midwest                                        

MADISON, WI.  June 14, 2017 (REPORT 24)                          

MIDWEST CHEESE:

Milk remains available for cheese production in the Midwest region. Reported spot 
loads ranged from $2.50 to $6.50 under Class III. Some situationally discounted spot 
loads headed to the vats as well, as thunderstorms caused power outages at some milk 
production facilities early in the week. Cheese production continues to match milk 
intakes, and building inventories remain a concern for some Midwestern cheese 
producers. However, cheese inventory reports vary from plant to plant, as some 
producers' stocks are in balance. Cheese orders are steady to a bit slow. Some pizza 
cheese producers are slightly behind previous years' sales numbers. CME cash prices 
continue to cause some market uneasiness, as barrel prices lag behind block prices at 
a relatively large margin. In CME Group trading Wednesday, barrels closed at $1.4025, 
down $.0225 from last Wednesday and blocks closed at $1.6300, down $.0200 from last 
Wednesday. The DMN National Retail Report-Dairy shows that June 9-15 Midwest ads for 
8 ounce shred cheese have a weighted average advertised price of $2.28, 9 cents below 
the national average. Midwest prices range from $1.99-$2.59. One year ago, the 
national price was $2.39. For 8 ounce blocks, the Midwest average price is $2.35, 6 
cents below the national average price. Midwest ads are priced from $2.00-$3.00. Last 
year, the national price was $2.23. This week, a cooperative export assistance 
program accepted requests for 548,951 pounds (249 metric tons) of cheese. So far this 
year, the program has assisted member cooperatives who have contracts to sell 38.3 
million pounds of cheese in export markets. Midwestern wholesale prices are unchanged 
for Swiss cuts, but down $.1000 for process and down $.0800 for all other types.
                                                 
WISCONSIN WHOLESALE SELLING PRICES:  DELIVERED,                  
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Process American 5# Loaf                   : 1.5225-1.8825       
Brick And/Or Muenster 5#                   : 2.0125-2.4375       
Cheddar 40# Block                          : 1.7400-2.1350       
Monterey Jack 10#                          : 1.9875-2.1925       
Blue 5#                                    : 2.2800-3.2675       
Mozzarella 5 - 6# (Low Moisture, Part Skim): 1.8125-2.7525       
Grade A Swiss Cuts 6 - 9#                  : 2.7175-2.8350       


   
1300CT israel.weber@ams.usda.gov (608)422-8601
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-