MD_DA840

     Cheese - Western U.S.

     Report 22 - Released on May 27, 2020

     In the West, cheese output is active as milk continues to be available for its production.
     According to contacts, more nonfat dry milk is being used for cheese fortification. In
     addition, many loads of cheese have cleared through the export markets. However, although
     cheese continues to be available to domestic buyers, supplies have tightened up a bit.
     Prices are also higher for uncommitted cheese loads. Altogether, demands are higher compared
     to previous weeks, especially those of the food service industry. The cheese market is
     currently in search of a new balance. Uncertainty related to what will happen to market
     conditions in the coming months is leading industry players to be more cautious in their day
     to day decision making. In the West, wholesale prices were up $.3100 for process, and up
     $.2950 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               2.2200-2.4200
     Cheddar 40 pound Block              1.9725-2.4625
     Monterey Jack 10 pounds             2.2075-2.4825
     Process American 5 pound Loaf       1.9350-2.1900
     Swiss 6-9 pound Cuts                2.9450-3.3750

     Information for the period May 25 - 29, 2020, issued weekly

     Secondary Sourced Information:

     In CME Group trading Wednesday, barrels closed at $1.9250, compared to the weekly average
     price of $1.8305 from last week. Blocks closed at $2.0475, compared to the weekly average
     price of $1.8920 from last week.

     This week, a cooperative export assistance program accepted requests for export assistance
     on contracts to sell 1.371 million pounds (622 metric tons) of cheese. So far this year, the
     program has assisted member cooperatives who have contracts to sell 19.581 million pounds
     of American-type cheeses in export markets. When combined with butter, cream cheese and
     whole milk powder, the program has assisted members with sales of 516 million pounds of
     milk on a milkfat basis.

     COLD STORAGE – CHEESE SUMMARY
     Released May 21, 2020, by the National Agricultural Statistics Service (NASS), Agricultural
     Statistics Board, United States Department of Agriculture (USDA).

                                                                       4/30/20
                      Stocks in all Warehouses (1,000 pounds)     as a percent of
     Natural Cheese            4/30/19      3/31/20      4/30/20    4/30/19   3/31/20
     Total natural cheese    1,397,974    1,374,507    1,482,836     106       108

     American, total           782,769      776,360      836,163     107       108
     New England                69,797       68,360       71,093     102       104
     Middle Atlantic            71,433       73,350       75,171     105       102
     East North Central        337,752      316,578      350,208     104       111
     West North Central        120,577      128,431      137,821     114       107
     South Atlantic                418          107          145      35       136
     East South Central         11,343       10,188       11,932     105       117
     West South Central          4,879       10,141       10,877     223       107
     Mountain                   55,546       52,567       53,135      96       101
     Pacific                   111,024      116,638      125,781     113       108

     Swiss, total               28,176       23,272       25,869      92       111

     Other, total              587,029      574,875      620,804     106       108
     New England                   877          820        1,365     156       166
     Middle Atlantic            14,386       21,242       27,998     195       132
     East North Central        367,254      353,357      381,631     104       108
     West North Central         46,241       48,258       51,928     112       108
     South Atlantic             65,423       43,866       49,550      76       113
     East South Central         22,962       38,177       37,677     164        99
     West South Central          3,390        3,837        4,636     137       121
     Mountain                    2,826        3,837        4,578     162       119
     Pacific                    63,670       61,481       61,441      96       100

     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@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