MD_DA851

     Cheese Highlights

     Report 37 - Released on September 14, 2018

     Spot milk prices into Midwestern cheese vats ranged from Class III to $2 over, following
     last week when no flat prices were reported. Even so, cheese contacts across the country
     suggest milk volumes are not as easy to locate this week with continued humidity tapering
     milk output and school pipelines being filled. Mozzarella and other pizza cheese producers
     are seeing a college demand bump. Fresh stocks of specialty cheeses are also in high demand
     according to Midwestern cheese contacts. Cheese inventory reports range from balanced to
     plentiful, depending on the age of the supply. With modestly bullish sentiment on
     supply/demand balances and growing customer bases being reported, cheese contacts find the
     recent market downturn curious. Cheese sellers suggest market uncertainty creates hand-to-
     mouth buying, as buyers hold off for potentially lower price points.

     Information for the period September 10 - 14, 2018, issued weekly

     Secondary Sourced Information:

     On Friday, the CME Group closing price for barrels is $1.4200, compared to last Friday¶s
     closing price of $1.5000. The closing price for blocks is $1.6050, compared to last
     Friday¶s closing price of $1.6625.

     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