MD_DA840                                                         
DA                                                               
MD DA840 Cheese - West                                           

MADISON, WI.  June 17, 2015 (REPORT 24)                          

WEST CHEESE                                                      

Although milk production has slowed somewhat in parts of the West, industry contacts 
report milk is readily available.  There have been indications of several heavily 
discounted loads moving as low as $5 under Class. The ample milk production has 
pushed manufacturing schedules and many processors are making as much cheese as they 
can. Cheese marketers suggest the market is in balance. Manufacturers report a strong 
consumer demand and plenty of cheese is available. Much of the current production is 
being sold shortly after being made. 

The DMN National Retail Report - Dairy for the week of June 12 - 18 shows the U.S. 
weighted average advertised retail price for an 8 ounce pack of natural shredded 
cheese is $2.58, up $.17 from last week and up $.01 from a year ago. Packs averaged 
$2.47 in the Southwest and $2.38 in the Northwest. For 8 ounce blocks, the U.S. price 
is $2.25, down $.13 from last week and down $.27 from a year ago. Blocks in the 
Southwest averaged $2.19, and in the Northwest, $1.97. 

Western wholesale prices are up $.0125 for process, unchanged for Swiss cuts, and up 
$.0075 for all other types. 

In CME Group trading Wednesday, Barrels closed at $1.6650, down $.04500 from 
last Wednesday and Blocks closed at $1.7000, down $.0500. 

WHOLESALE SELLING PRICES:  DELIVERED, DOLLARS PER POUND          
(1000 - 5000 POUNDS MIXED LOTS)                                  
                                                                 
Process 5# Loaf                              : 1.8200-2.0775     
Cheddar 40# Block                            : 1.8525-2.2975     
Cheddar 10# Cuts                             : 2.0325-2.2525     
Monterey Jack 10#                            : 2.0425-2.2025     
Grade A Swiss Cuts 6 - 9#                    : 2.7600-3.1900     

         2015 U.S. Cheese Imports (USDA-FAS)

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

May  Quota Imports   18.2               + 48              6

Jan. - May    
High Tier            14.3               + 21             N.A.
Quota Imports        78.0               + 32             26


1530CT mike.bandli@ams.usda.gov 608.557.7010
USDA/AMS/Dairy Market News, Madison, Wisconsin 
Dairy Market News website: www.ams.usda.gov/dairymarketnews 
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home