MD_DA840                                                         
DA                                                               
MD DA840 Cheese - West                                           

MADISON, WI.  June 24, 2015 (REPORT 25)                          

WEST CHEESE                                                      
                                                                 
Domestic cheese demand has remained strong.  Industry contacts are looking at the 
upcoming heat wave and considering the impacts that will have on milk supply, milk 
components and ultimately, cheese yields.  Until now, milk available for processing 
has decreased only slightly, and some manufacturers report seeing lower milk 
components.  Manufacturers still report plenty of milk to keep plants going at strong 
production rates.The DMN National Retail Report - Dairy for the week of June 19 - 25 
shows the U.S. weighted average advertised retail price for an 8 ounce pack of 
natural shredded cheese is $2.37, down $.21 from last week and down $.20 from a year 
ago. Packs averaged $2.18 in the Southwest and $2.90 in the Northwest. For 8 ounce 
blocks, the U.S. price is $2.23, down $.02 from last week and down $.39 from a year 
ago. Blocks in the Southwest averaged $2.13, and in the Northwest, $2.48. According 
to the NASS Cold Storage report, U.S. stocks of cheese (total natural) at the end of 
May, 2015 were 1.110 billion pounds, up 2% from April, 2015 and up 4% from May, 2014. 
American stocks were 3% more, other natural stocks were 1% more, but Swiss stocks 
were 11% less than last month. In the West Mountain Region, American cheese stocks 
were 13% or 7.2 million pounds less than one year earlier, but 4% or 2.0 million 
pounds higher than one month earlier.  Pacific Region American cheese stocks were 15% 
or 17.3 million pounds less than one year earlier, but 6% or 5.1 million pounds 
higher than a month before.  Other natural cheese stocks were 18% or 6.5 million 
pounds above a year ago, and 4% 1.7 million pounds above a month ago.  Western 
wholesale prices are down $.0275 for process, unchanged for Swiss cuts, and down 
$.0400 for all other types. In CME Group trading Wednesday, Barrels closed at 
$1.6550, down $.0100 from last Wednesday, and Blocks closed at $1.6675, down $.0325. 

WHOLESALE SELLING PRICES:  DELIVERED, DOLLARS PER POUND          
(1000 - 5000 POUNDS MIXED LOTS)                                  
                                                                 
Process 5# Loaf                              : 1.7925-2.0500     
Cheddar 40# Block                            : 1.8125-2.2575     
Cheddar 10# Cuts                             : 1.9925-2.2125     
Monterey Jack 10#                            : 2.0025-2.1625     
Grade A Swiss Cuts 6 - 9#                    : 2.7600-3.1900     

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