MD_DA840 DA MD DA840 Cheese - West MADISON, WI. October 14, 2015 (REPORT 41) WEST CHEESE The seasonal decline of milk intakes has slowed cheese production slightly. However, cheese makers report sufficient supplies of milk for processing needs. Higher milk components have given a boost to cheese yields. Consumer demand for natural cheese varieties has remained strong. Mozzarella sales are good as pizza manufactures continue to meet the increases in seasonal demand. Market participants suggest cheese buyers are comfortable with current market prices. The DMN National Retail Report - Dairy for the week of October 9 - 15 shows the U.S. weighted average advertised retail price for an 8 ounce pack of natural shredded cheese is $2.47, up $.07 from last week and up $.18 from a year ago. Packs averaged $2.81 in the Southwest and $2.65 in the Northwest. For 8 ounce blocks, the U.S. price is $2.37, down $.07 from last week and down $.02 from a year ago. Blocks in the Southwest averaged $2.88, and in the Northwest, $2.50. In the West, wholesale prices are up $.0750 for process, and up $.0575 for cheddar block, cuts, and Monterey jack. Prices for Swiss cuts are unchanged. In CME Group trading Wednesday, barrels closed at $1.6400, up $.0200 from last Wednesday and blocks closed at $1.6900, down $.0375. WHOLESALE SELLING PRICES: DELIVERED, DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS) Process 5# Loaf : 1.7550-2.0125 Cheddar 40# Block : 1.8350-2.2800 Cheddar 10# Cuts : 2.0150-2.2350 Monterey Jack 10# : 2.0250-2.1850 Grade A Swiss Cuts 6 - 9# : 2.8450-3.2750 1530CT 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