MD_DA840                                                         
DA                                                               
MD DA840 Cheese - West                                           

MADISON, WI.  August 16, 2017 (REPORT 33)                          


As milk continues to be plentiful in the West, more cheese is being made. Cheese 
demand is fair, but continues to lag behind production. In general, sales are limited 
outside of contracted obligations. Interest from the international market continues 
to be low. Supplies are long, but holding relatively steady. Some contacts believe 
that manufacturers will soon try to slow down cheese production so they can control 
their inventories. The DMN National Retail Report-Dairy for the week of August 11-17 
shows the U.S. weighted average advertised retail price for an 8 ounce pack of natural 
shredded cheese is $2.15, down $.04 from last week. Packs average $2.25 in the Southwest 
and $2.13 in the Northwest. One year ago, the national price was $2.25. For 8 ounce 
blocks, the U.S. price is $2.35, up $.08 from last week. Blocks average $2.00 in the 
Southwest and $1.80 in the Northwest. One year ago, the national price was $2.17. In the 
West, wholesale prices were down $.0175 for process, and down $.0475 for cheddar block, 
cuts, and Monterey Jack. Swiss cut wholesale prices are steady. In CME Group trading 
Wednesday, barrels closed at $1.6700, up $.0775 from a week ago and blocks closed at 
$1.7350, up $.0550. 

WHOLESALE SELLING PRICES:  DELIVERED, DOLLARS PER POUND          
(1000 - 5000 POUNDS MIXED LOTS)                                  
                                                                 
Process 5# Loaf                              : 1.6375-1.8950     
Cheddar 40# Block                            : 1.8175-2.2625     
Cheddar 10# Cuts                             : 1.9975-2.2175     
Monterey Jack 10#                            : 2.0075-2.1675     
Grade A Swiss Cuts 6 - 9#                    : 2.7500-3.1800     

1530CT Florence.KoneGonzalez@ams.usda.gov 608-422-8594
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