MD_DA851

     Cheese Highlights

     Report 20 - Released on May 20, 2022

     Across all regions cheese production is active, though some production facilities in the
     Northeast and West are, reportedly, running below capacity due to labor shortages. Some
     cheese makers in the West also cite delayed deliveries of production supplies and limiting
     their ability to run full schedules. Midwestern cheese demand is mixed; contacts report that
     slipping prices in previous weeks caused some hesitance from purchasers, while others are
     purchasing to get ahead of a potentially bullish market. Meanwhile, demand is noted to be
     hearty in the Northeast and West. Cheese inventories are present to satisfy demand in the
     Northeast. In the Midwest, availability varies from balanced to tight. Spot inventories are
     available in the West, but contacts in the region say that cheese barrels have begun to show
     some tightness in recent weeks.

     Information for the period May 16 - 20, 2022, issued weekly

     Secondary Sourced Information:

     On the CME, barrels closed at $2.3475 and 40# blocks at $2.3800. The weekly average for
     barrels is $2.4130 (+0.0365) and blocks, $2.3740 (+0.0790).

     Published by:
     Dairy Market News - Madison, WI
     ROMAN CARAMAN, 608-422-8593
     Email: roman.caraman@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