MD_DA811                                                         
DA                                                               
MD DA811 Cheese - Foreign Type                                   

MADISON, WI.  August 24, 2016 (REPORT 34)                        

FOREIGN TYPE CHEESE   

The tight supply situation for cheese in the EU is not expected 
to significantly ease in the near term. Recent reports show that 
June 2016 milk production fell below June 2015 levels. Cheese 
manufacturers do not expect that increased milk supplies will 
become available for making cheese in the near term. This will 
keep supplies tight and put upward pressure on prices. 
Nevertheless, through June this year, EU cheese exports 
increased 14% over the same period of 2015 according to 
Eurostat. The top three export destinations for the period this 
year are: U.S.A. +4%; Japan +11%; and Switzerland +4%. In the 
U.S., wholesale domestic blue, gorgonzola, parmesan and Romano 
cheese prices increased $0.0250 following higher weekly average 
CME Group block prices. 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                       :  2.6400-5.2300  :  2.3875-3.8750*   
Gorgonzola                 :  3.6900-5.7400  :  2.8950-3.6125*   
Parmesan (Italy)           :       -0-       :  3.7775-5.8675*   
Romano (Cows Milk)         :       -0-       :  3.5775-5.7275*   
Sardo Romano (Argentine)   :  2.8500-4.7800  :       -0-         
Reggianito (Argentine)     :  3.2900-4.7800  :       -0-         
Jarlsberg-(Brand)          :  2.9500-6.4500  :       -0-         
Swiss Cuts Switzerland     :       -0-       :  2.9025-3.2250    
Swiss Cuts Finnish         :  2.6700-2.9300  :       -0-         

* = Price change.  

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