MD_DA851
DA
MD DA851 CHEESE HIGHLIGHTS 

JULY 2, 2009   MADISON, WI (REPORT 26) 

CHEESE HIGHLIGHTS:  The CME Group cash cheese market continues to 
bounce around at prices near or below CCC purchase prices.  
Demand is generally fair at best.  At current prices, many buyers 
have already built sizeable inventories, so new spot interest is 
light.  Retail promotions continue to move extra volumes.  Some 
order improvement was noted from food service accounts in resort 
areas, particularly where the weather turned more seasonal.  
Cheese offerings remain seasonally heavy.  Milk supplies remain 
well above year ago levels at most cheese plants though warmer 
weather has helped reduce cheese yields at more plants.  For June 
2009 and the DEIP year ending June 30, USDA Foreign Agriculture 
Service accepted bids for 152 MT (335,099 pounds) of cheese for 
export.



12:00C george.koerner@usda.gov