MD_DA840

     Cheese - Western U.S.

     Report 29 - Released on July 21, 2021

     Demand for cheese at both retail and food service markets has held steady, in the West, this
     week. Export demand is steady, as current lower market prices are favorable to international
     purchasers. Purchasers in Asian markets are, reportedly, a strong driver of current export
     demand. Cheese market prices are lower. Since last Wednesday, the price for cheese blocks on
     the CME have fallen by $0.2150, while the barrel price has fallen by $0.2225. Contacts
     report a need to move available product quickly, as warehouse space is limited. Delays to
     loads, in the region, have led to a buildup of inventories. Load delays are occurring due to
     a shortage of truck drivers, limited available shipping supplies, and port congestion. While
     milk production has passed it seasonal peak, cheese producers continue to run busy schedules
     to work through available supplies.


     WESTERN WHOLESALE PRICE ADJUSTMENTS
     In the West, wholesale prices are up $.0100 for process, and up $.0050 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               2.0225-2.2225
     Cheddar 40 pound Block              1.7750-2.2650
     Monterey Jack 10 pounds             2.0100-2.2850
     Process American 5 pound Loaf       1.6675-1.9225
     Swiss 6-9 pound Cuts                3.2450-3.6750


     Information for the period July 19 - 23, 2021, issued weekly

     Secondary Sourced Information:

     EXPORT ASSISTANCE
     This week, a cooperative export assistance program accepted requests for export assistance
     on contracts to sell 1.8 million pounds (802 metric tons) of American-type cheese and
     74,957 pounds (34 metric tons) of cream cheese. So far this year, the program has assisted
     member cooperatives who have contracts to sell 29.4 million pounds of American-type cheeses
     and 8.0 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 920.9 million pounds of milk on a milkfat basis.
     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