MD_DA851

     Cheese Highlights

     Report 48 - Released on December 2, 2022

     Milk is plentiful for cheese making in all regions, and processors in the Northeast and West
     say they are running active production schedules this week. In the Midwest, some
     cheesemakers are keeping full schedules while others report some downtime for scheduled
     maintenance this and next week. Some volumes of spot milk are being sold at a discount in
     the Midwest, though demand slowdowns are preventing some cheesemakers from purchasing
     additional loads of milk. Some Midwestern retail customers have, reportedly, met their
     holiday purchasing needs. Strong summer and fall demands have abated from cheese barrel
     purchasers in the Midwest. In the Northeast, stakeholders say demand is steady from both
     retail and food service customers, but export demand is softening amid declining
     international prices. Retail demand is steady in the West, while food service demand has
     picked up following last week's holiday.

     Information for the period November 28 -  December 2, 2022, issued weekly

     Secondary Sourced Information:

     CME: Barrels closed at $1.8975 and 40# blocks at $2.1000. The weekly average for barrels is
     $1.8460 (+0.0243) and blocks, $2.0960 (-0.0873).

     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