MD_DA811                                                         
DA                                                               
MD DA811 Cheese - Foreign Type                                   

MADISON, WI.  October 4, 2017 (REPORT 40)                     

FOREIGN TYPE CHEESE 

The European Union (EU) cheese manufacturing is higher this year 
compared to last year. Supply and demand are balanced, and production 
corresponds to the needs of buyers/end-users. In the first seven 
months of 2017, EU exports of cheese to the world markets have 
increased by 7% compared to last year at the same period. However, 
exports to the Southern European countries have recently decreased 
due to the end of the holiday season. In the Northern EU countries, 
cheese demand is expected to recover in autumn. Currently, cheese 
demand from non-European countries is declining as the result of 
higher offer prices, a strong euro, and competition from the United 
States. In September, EU cheese prices had stabilized at a higher 
level and remain at that level. In the U.S., wholesale blue, 
gorgonzola, parmesan Italy, and Romano prices increased $0.1150 
following higher weekly average CME Group block prices. The remaining 
prices are stable at the previous week levels.                                                                    
                                                                 
WHOLESALE SELLING PRICES: FOB DISTRIBUTORS DOCK                  
DOLLARS PER POUND (1000 - 5000 POUNDS, MIXED LOTS)               
                           :    NEW YORK                  
VARIETY                    :    IMPORTED     :    DOMESTIC       
                           :                 :                   
Blue                       :  2.6400-5.2300  :  2.2225-3.7100*   
Gorgonzola                 :  3.6900-5.7400  :  2.7300-3.4475*   
Parmesan (Italy)           :       -0-       :  3.6125-5.7025*   
Romano (Cows Milk)         :       -0-       :  3.4125-5.5625*   
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-       :  3.3100-3.6325    
Swiss Cuts Finnish         :  2.6700-2.9300  :       -0-         

* = Price change.                   

1100CT 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