MD_DA851

     Cheese Highlights

     Report 2 - Released on January 15, 2021

     Cheese production rates are busy early in the year. There is a lot of milk to contend with,
     as Midwestern spot milk prices range from $8.50 to $2 under Class. Last year, during week 2,
     spot prices ranged from $3.50 to $1 under Class. Some Western cheese manufacturers are
     cautious about production schedules, even with increases in demand and last week's
     announcement of continued food box programs. Food service sales remain subdued when compared
     to previous years. Cheese market prices have softened some after last week's buildup
     following the announcement. Still, there are some positive expectations once governmental
     awards are allotted.

     Information for the period January 11 - 15, 2021, issued weekly

     Secondary Sourced Information:

     The weekly average price for CME barrels is $1.6060, compared to $1.5965 last week. CME
     blocks’ weekly average is $1.9120, compared to $1.7790 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