MD_DA851

     Cheese Highlights

     Report 37 - Released on September 13, 2019

     Although cheese market prices are reminiscent of those of 2014, market participants continue
     to relay positive demand notes. School and college orders have reinvigorated cheese
     producers on the food service side. Pizza cheesemakers are reporting seasonal increases in
     orders, also aided by school orders. Milk is tighter in the Midwest, but more available in
     the Northeast and Western regions. Spot milk prices ranged from $.50 under to $1.75 over
     Class; those are comparable to the previous two years. Cheese inventory reports are mixed,
     and production is generally active throughout the nation. Cheese market prices have soared.
     Prices are at points not seen since the most bullish year on dairy markets this decade,
     2014. Contacts offer various viewpoints on the factors causing the increase, but most were
     not expecting such an abrupt bullish move.

     Information for the period September 9 - 13, 2019, issued weekly

     Secondary Sourced Information:

     Friday¶s closing price for CME barrels is $1.9200, compared to $1.7425 last week. CME
     blocks¶ closing price is $2.2050, compared to 1.9975 last Friday.

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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