MD_DA851

     Cheese Highlights

     Report 3 - Released on January 18, 2019

     In the coastal regions, cheese production continues actively. While still active in the
     Central region, producers are reining in manufacturing levels following typically heavy
     post-holiday inventories. Milk availability, although readily accessible, has settled
     somewhat as bottlers are taking priority. Spot milk prices ranged from $.50 over to $2 under
     Class. Post-holiday cheese demand is expectedly softer. Western cheese contacts report
     production is outpacing demand. Undoubtedly, there are ample amounts of cheese in the
     warehouse. Cheese markets in the U.S. are somewhat shaky. The large block to barrel CME
     price gulf adversely affects most producers. Cheese contacts suggest the possibility of
     block prices descending toward an expected proximity, most suggest $.05 or thereabouts,
     creates buyer hesitancy.

     Information for the period January 14 - 18, 2019, issued weekly

     Secondary Sourced Information:

     Friday¶s closing price for CME barrels is $1.2000, compared to $1.2450 last week. CME
     blocks¶ closing price is $1.4000, compared to $1.4100 last Friday.

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

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home