MD_DA840

     Cheese - Western U.S.

     Report 25 - Released on June 23, 2021

     This week, demand for cheese in the West is steady to lower across both food service and
     retail markets. Contacts report that current pricing is favorable in international markets,
     with notable demand for export to Asian markets. Cheese market tones are unsteady, but the
     market is approaching a more comfortable trading channel for market participants. A recent
     gap in pricing between barrels and blocks has closed in the last week. Cheese barrel prices
     have fallen on the CME by $0.145, since the previous report, while block prices have dropped
     by $0.02. Milk is plentiful in the region, allowing producers to run full schedules. Delays
     in transportation due to a shortage of truck drivers is, reportedly, causing warehouse
     inventories to build up. Spot purchase inventories are available; contacts report a need to
     move what they can quickly to prevent further build up.
     WESTERN WHOLESALE PRICE ADJUSTMENTS
     In the West, wholesale prices are up $.0050 for process, and up $.0200 for cheddar block,
     cuts and Monterey Jack. Swiss cut wholesale prices are unchanged from the previous week.
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 10 pound Cuts               1.8275-2.0275
     Cheddar 40 pound Block              1.5800-2.0700
     Monterey Jack 10 pounds             1.8150-2.0900
     Process American 5 pound Loaf       1.7150-1.9700
     Swiss 6-9 pound Cuts                3.0725-3.5025


     Information for the period June 21 - 25, 2021, issued weekly

     Secondary Sourced Information:

     EXPORT ASSISTANCE
     This week, a cooperative export assistance program accepted requests for export assistance
     on contracts to sell 2.6 million pounds (1,189 metric tons) of Cheddar, Gouda, and Monterey
     Jack cheese and 299,829 pounds (136 metric tons) of cream cheese. So far this year, the
     program has assisted member cooperatives who have contracts to sell 21.9 million pounds of
     American-type cheeses and 7.2 million pounds of cream cheese in export markets.

     When combined with butter, AMF, cream cheese and whole milk powder, the program has assisted
     members with sales of 822.7 million pounds of milk on a milkfat basis.


     CME CLOSE
     In CME Group trading Wednesday, barrels closed at $1.4900, compared to the weekly average
     price of $1.6140 from last week. Blocks closed at $1.4900, compared to the weekly average
     price of $1.5005 from last week.
     Published by:
     Dairy Market News - Madison, WI
     ROMAN CARAMAN, (608) 422-8593
     Email: roman.caraman@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov