MD_DA128                                                         
DA                                                               
MD DA128 Cheddar Cheese - Oceania                                

MADISON, WI.  February 02, 2012 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/23/2012 - 02/03/2012                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

CHEDDAR CHEESE:  Cheese markets in the Oceania region are generally 
steady although prices are easing on the top end of the reported range.  
Cheese production is active, but trending lower as milk volumes decline 
seasonally.  Cheese producers and handlers are stating that stocks are 
basically in balance with needs and commitments.  Exporters and traders 
are indicating that second half contract negotiations are now basically 
completed and production projections are being geared to be in line with 
these needs.      
                                                  
                                                                 
39% MAXIMUM MOISTURE:                    3,775 - 4,300

0930c steve Schneeberger  (608)278-4154