MD_DA811                                                         
DA                                                               
MD DA811 Cheese - Foreign Type                                   

MADISON, WI.  March 16, 2016 (REPORT 11)                         

FOREIGN TYPE CHEESE  

Cheese demand has strengthened in the EU following recent weaker prices. 
Markets are now stable, with production meeting demand and inventories at 
comfortable levels. Export shipments have increased and stocks in aging 
programs are deemed to be sufficient. In New Zealand, the GDT event 160 
results on Tuesday did not generate any bids for Cheddar for the next 3 
contract periods. Industry observers believe this reflects heavy 
inventories and thus, little interest in further acquisitions. As for 
pricing of foreign type cheese in the U.S., wholesale domestic blue, 
gorgonzola, parmesan and Romano cheese prices increased $0.0350 
following the higher weekly average CME Group block price, and the 
remaining prices are unchanged.  
                                                                                                            
WHOLESALE SELLING PRICES: FOB DISTRIBUTORS DOCK                  
DOLLARS PER POUND (1000 - 5000 POUNDS, MIXED LOTS)               
                           :           NEW YORK                  
VARIETY                    :    IMPORTED     :    DOMESTIC       
                           :                 :                   
Blue                       :  2.6400-5.3800  :  2.0825-3.5700*   
Gorgonzola                 :  3.6900-5.8900  :  2.5900-3.2875*   
Parmesan (Italy)           :       -0-       :  3.4725-5.5625*   
Romano (Cows Milk)         :       -0-       :  3.2725-5.4225*   
Sardo Romano (Argentine)   :  2.8500-4.9300  :       -0-         
Reggianito (Argentine)     :  3.2900-4.9300  :       -0-         
Jarlsberg-(Brand)          :  2.9500-6.4500  :       -0-         
Swiss Cuts Switzerland     :       -0-       :  3.0925-3.4150    
Swiss Cuts Finnish         :  2.6700-2.9300  :       -0-         

* = Price change.                                                

1100C eric.graf@ams.usda.gov  608.557.7005
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