MD_DA851

     Cheese Highlights

     Report 14 - Released on April 9, 2021

     Spring flush levels of milk continue to meet cheese vats throughout the country.
     Interestingly, spot milk prices increased on the top end according to Midwestern cheese
     producers. The spot milk range was $5 to $1.50 under Class. During week 14 of 2020, spot
     milk prices ranged from $5 to $4 under. Cheese plant managers say demand upticks,
     particularly from the food service sector, are a factor in the increased milk prices. Demand
     tones from all regions are similar: steady from retail customers to steady/busier on the
     food service side, as more areas ease COVID-19 related dining/public gathering restrictions.
     Barrel manufacturers in the Midwest say April/May customer interest has kept inventories
     balanced to lighter. Cheese market tones are following demand trends: steadily bullish.

     Information for the period April 5 - 9, 2021, issued weekly

     Secondary Sourced Information:

     The weekly average price for CME barrels is $1.5835 compared to $1.4888 last week. CME
     blocks’ weekly average is $1.7995, compared to $1.7519 last week.

     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