MD_DA840

     Cheese - Western U.S.

     Report 46 - Released on November 14, 2018

     Cheese production continues to be active in the West, with higher milk output noted in many
     areas. Currently, retailers, food service managers, and pizza manufacturers are taking a bit
     more cheese. However, holiday buyers haven¶t been manifesting themselves that much despite
     steady to lower cheese prices. In the international market, the strong value of the dollar
     is also not helping with sales. In addition, the weaker euro value and existing trade
     tariffs on U.S. products are pushing some buyers/end users toward the European markets.
     Processors hope that as the holidays get closer they will be able to sale more products and
     decrease the inventories they are currently holding. In the West, wholesale prices were up
     $.0125 for process, but down $.0600 for cheddar block, cuts and Monterey Jack. Swiss cut
     wholesale prices are unchanged from the previous week.

     National Retail Report Dairy ± Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 11/9/2018
      to 11/15/2018
     Cheese 8 oz. Blocks
                                Weighted Average Price
     National              This Period    Last Week    Last Year
      Organic                 $3.99         $2.49        $3.49
      Conventional            $1.95         $2.12        $2.48

     Regional (Conventional) Wtd. Ave.       Low          High
      Northwest                n.a.          n.a.         n.a.
      Southwest               $1.81         $1.00        $2.00

     Cheese 8 oz. Shred
                               Weighted Average Price
     National              This Period    Last Week    Last Year
      Organic                  n.a.          n.a.        $3.49
      Conventional            $2.12         $2.22        $2.39

     Regional (Conventional) Wtd. Ave.       Low          High
      Northwest               $2.00         $2.00        $2.00
      Southwest               $2.01         $1.00        $2.50
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 10 pound Cuts               1.7250-1.9450
     Cheddar 40 pound Block              1.5450-1.9875
     Monterey Jack 10 pounds             1.7350-1.8950
     Process American 5 pound Loaf       1.3950-1.6525
     Swiss 6-9 pound Cuts                2.7075-3.1375

     Information for the period November 12 - 16, 2018, issued weekly

     Secondary Sourced Information:

     In CME Group trading Wednesday, barrels closed at $1.3600, compared to the weekly average
     price of $1.3180 from last week. Blocks closed at $1.4000, compared to the weekly average
     price of $1.4220 from last week.

     This week, a cooperative export assistance program accepted requests for export assistance
     on contracts to sell 2.048 million pounds (638 metric tons) of cheese. So far this year, the
     program has assisted member cooperatives who have contracts to sell 53.777 million pounds
     of American-type cheeses in export markets. When combined with butter and whole milk powder,
     the program has assisted members with sales of 1.2 billion pounds of milk on a milkfat
     basis.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: Florence.KoneGonzalez@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