MD_DA840                                                         
DA                                                               
MD DA840 Cheese - West                                           

MADISON, WI.  June 21, 2017 (REPORT 25)                          

WEST CHEESE                                                      

Western cheese makers report continued strong production as milk supplies are readily 
available for most processing needs. Industry contacts describe demand as good, but not 
great. Although retail and branded cheese sales are solid, food service activity appears 
to be slightly slower. In addition, export inquiries seem to vacillate along with the 
variance between current U.S. market prices and international prices. Inventories are 
long. Contacts suggest older blocks and barrels comprise a good portion of the stocks 
along with seasonal supplies of mozzarella and other pizza cheeses. The DMN National 
Retail Report-Dairy for the week of June 16-22 shows the U.S. weighted average advertised 
retail price for an 8 ounce pack of natural shredded cheese is $2.25, down $.12 from last 
week. Packs average $2.34 in the Southwest and $2.49 in the Northwest. One year ago, the 
national price was $2.31. For 8 ounce blocks, the U.S. price is $2.30, down $.11 from 
last week. Blocks average $2.30 in the Southwest and $2.50 in the Northwest. One year 
ago, the national price was $2.16. In the West, wholesale prices were down $.0250 for 
process, and down $.0200 for cheddar block, cuts, and Monterey Jack. Swiss cut wholesale 
prices are unchanged. In CME Group trading Wednesday, barrels closed at $1.3575, down 
$.0450 from a week ago and blocks closed at $1.5600, down $.0700. 

WHOLESALE SELLING PRICES:  DELIVERED, DOLLARS PER POUND          
(1000 - 5000 POUNDS MIXED LOTS)                                  
                                                                 
Process 5# Loaf                              : 1.4850-1.7425     
Cheddar 40# Block                            : 1.7525-2.1975     
Cheddar 10# Cuts                             : 1.9325-2.1525     
Monterey Jack 10#                            : 1.9425-2.1025     
Grade A Swiss Cuts 6 - 9#                    : 2.7775-3.2075     


1530CT Mike.Bandli@ams.usda.gov 608-422-8592
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