Cheese - Midwest
MD_DA830

     Cheese - Midwestern U.S.

     Report 20 - Released on May 16, 2018

     Cheese orders have picked up week over week. Historically, this time period is a lull for
     cheese buying, particularly in the mozzarella/provolone sector. However, contacts suggest
     stable markets have stirred a little more interest recently. Regarding cheese production,
     some plant managers have been using this time in order to perform updates/maintenance on
     plants, while other plant bosses are working limited/four day weeks. Milk remains
     discounted, and as Memorial Day nears, cheese producers are expecting even more spot milk
     availability in the near term. This week, reported spot milk prices ranged from $2 to $4
     under Class III. That said, some cheese producers suggest milk offers were cutting back, at
     least in the early part of the week. Market prices have begun to wane since this time last
     week, creating some uncertainty among cheese contacts.

     The DMN National Retail Report-Dairy shows that May 11-17 Midwest ads for 8 ounce shred
     cheese have a weighted average advertised price of $2.11, 7 cents below the national
     average. Midwest prices range from $1.99-$2.50. One year ago, the national price was $2.31.
     For 8 ounce blocks, the Midwest average price is $2.03, 23 cents below the national average
     price. Midwest ads are priced from $1.99-$2.29. Last year, the national price was $2.25.

     Midwestern wholesale prices are unchanged for Swiss Cuts, up $.0650 for process and up
     $.0225 for other types.
     WISCONSIN WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Blue 5 pounds                       2.3100-3.2975
     Cheddar 40 pound Block              1.7700-2.1650
     Monterey Jack 10 pounds             2.0175-2.2225
     Mozzarella 5-6 pounds               1.8425-2.7825
     Muenster 5 pounds                   2.0425-2.4675
     Process American 5 pound Loaf       1.7350-2.0950
     Swiss 6-9 pound Cuts                2.4525-2.5700


     Information for the period May 14 - 18, 2018, issued weekly

     Secondary Sourced Information:

     In CME Group trading Wednesday, barrels closed at $1.5800, compared to $1.6500 last
     Wednesday. Blocks closed at $1.6000, compared to $1.7025 last Wednesday.
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home