MD_DA840                                                         
DA                                                               
MD DA840 Cheese - West                                           

MADISON, WI.  January 18, 2017 (REPORT 3)                        

WEST CHEESE                                                      

Western cheese makers report steady and seasonal domestic demand for blocks, but 
lower calls for barrels. Cheese production is active with plenty of milk 
available. Mozzarella and packaged retail cheese production are ramping up a 
little in advance of the Super Bowl. Barrel inventories are long and supplies of 
blocks are growing as sales descend from the pre-holiday peak. Although still a 
little slow, smaller differences in price between U.S. cheese and foreign cheese 
have prompted international buyers to make a few more cheese requests. The DMN 
National Retail Report-Dairy for the week of January 13-19 shows the U.S. 
weighted average advertised retail price for an 8 ounce pack of natural shredded 
cheese is $2.12, down $.03 from last week. Packs average $2.09 in the Southwest 
and $1.82 in the Northwest. One year ago, the national price was $2.51. For 8 
ounce blocks, the U.S. price is $2.16, up $.03 from last week. Blocks average 
$3.34 in the Southwest and $1.67 in the Northwest. One year ago, the national 
price was $2.35. In the West, wholesale prices are up $.0350 for process, and up 
$.0550 for cheddar block, cuts, and Monterey Jack. Swiss cut wholesale prices are 
unchanged.In CME Group trading Wednesday, barrels closed at $1.6100, down $.0300 
from a week ago and blocks closed at $1.6925, down $.0425. 

WHOLESALE SELLING PRICES:  DELIVERED, DOLLARS PER POUND          
(1000 - 5000 POUNDS MIXED LOTS)                                  
                                                                 
Process 5# Loaf                              : 1.7025-1.9600     
Cheddar 40# Block                            : 1.8475-2.2925     
Cheddar 10# Cuts                             : 2.0275-2.2475     
Monterey Jack 10#                            : 2.0375-2.1975     
Grade A Swiss Cuts 6 - 9#                    : 2.6725-3.1025     


1530CT Mike.Bandli@ams.usda.gov 605-557-7010
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