MD_DA851

     Cheese Highlights

     Report 14 - Released on April 3, 2020

     Cheese inventories are growing. Even with some plants closing while others run lighter
     crews, the milk keeps coming in. Milk prices reported were solely discounted, between $4 and
     $5 under. Reported offers were lower in price. Food service demand has been hamstrung by
     COVID-19 related closures. Retail orders remain steady to slightly lower. Western contacts
     say there are few issues with transport at this time. Undoubtedly, cheese contacts are
     seeing the precipitous drops of cheese prices, blocks in particular this week. The pandemic
     is creating anxiety among nearly all dairy market participants, and cheese producers are no
     exception.

     Information for the period March 30 -  April 3, 2020, issued weekly

     Secondary Sourced Information:

     The weekly average price for CME barrels is $1.1985, compared to $1.4125 one week ago. CME
     blocks’ weekly average is $1.2995, compared to $1.7545 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