MD_DA851

     Cheese Highlights

     Report 24 - Released on June 15, 2018

     Cheese production nationwide varies depending on the region and the type of cheese being
     produced. The overall cheese production is steady to decreasing, as mentioned from last
     week, in order to avoid overproduction. As result, some plants in the Central region report
     reducing production from five days to four. However, Italian and cheese curd production are
     steady and strong, as milk supplies are readily available. Spot milk prices ranged from
     $1.50 to $3.50 under Class. Cheese inventories are balanced to increasing. The cheese demand
     is mixed, oscillating from week to week. Some cheesemakers in the Central region expressed
     concerns about the trade dispute. Meanwhile, a few sellers in the West have started feeling
     the impact of the tariff regulations. The U.S. cheese market tone is steady to decreasing,
     as steady cheese prices on the CME dropped later in the week.

     Information for the period June 11 - 15, 2018, issued weekly

     Secondary Sourced Information:

     The CME Group closing price for barrels is $1.4500, compared to last Friday¶s closing price
     of $1.5650. The closing price for blocks is $1.5950, compared to last Friday¶s closing
     price of $1.6350.

     Published by:
     Dairy Market News - Madison, WI
     ALISON YANG, (608) 422-8598
     Email: Al.Yang@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