MD_DA851

     Cheese Highlights

     Report 23 - Released on June 11, 2021

     Although spring flush is in the rearview mirror, milk availability for cheese production in
     the country has yet to receive the memo. Spot prices ranged from $6 to $5 under Class III in
     the Midwest, but all regions are running generally busy cheese production schedules to keep
     up with current milk supplies. Retail demand notes vary from slow to busy. Food service
     orders have steadied, as well. Export sales, according to Western cheese contacts, have
     picked up due to the market price drops. Still, though, logistical issues with
     freight/shipping remain a stumbling block. Cheese availability has expectedly grown during
     flush season. Cheese market prices are still "inverted" as barrel prices outpace those of
     blocks', but block prices are showing some resilience after dropping into the mid $1.40s
     midweek.

     Information for the period June 7 - 11, 2021, issued weekly

     Secondary Sourced Information:

     The weekly average price for CME barrels is $1.6080, compared to $1.5931 last week. CME
     blocks’ weekly average is $1.4805, compared to $1.5050 last week.

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