MD_DA830

     Cheese - Midwestern U.S.

     Report 21 - Released on May 22, 2019

     In 2015, during week 21, spot milk prices reached $10 under Class. Week 21 spot milk prices
     in 2017 and 2018 averaged $4 under and $3.50 under, respectively. Currently, reported spot
     milk prices ranged from $.50 over to $2 under Class, showing a stark change in milk
     availability ahead of Memorial Day weekend. Some cheesemakers are expecting to see more milk
     offers come in later in the week. Undoubtedly, those prices are not expected to meet
     historical discounts. Cheese production is steady week over week, although down due to the
     marked difference in milk availability. Cheese demand was a little more bullish this week
     than last, but mostly steady. Some curd producers suggest seasonal demand has pushed them to
     add production days. Cheese inventories remain long nationwide, but regionally they are a
     little more in balance. A number of cheesemakers in the Midwest report being in a good place
     regarding stocks. Cheese market tones are steady week over week. Midwestern wholesale prices
     are unchanged for Swiss cuts, down $.1050 for process and down $.0350 for all other types.

     National Retail Report Dairy ą Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 5/17/2019
      to 5/23/2019
     Cheese 8 oz. Blocks                Weighted Average Price
     National                 This Period      Last Week      Last Year
     Organic                     n.a.             n.a.          $3.23
     Conventional               $2.08            $2.01          $2.36

     Regional (Conventional)   Wtd. Ave.          Low            High
     Midwest                     $1.91           $1.68          $2.00
     Northeast                   $2.31           $1.88          $3.00
     Northwest                   $2.39           $1.88          $3.00
     South Central               $1.88           $1.88          $1.88
     Southeast                   $1.98           $1.23          $3.00
     Southwest                   $1.82           $1.77          $1.88


     Cheese 8 oz. Shred                 Weighted Average Price
     National                 This Period      Last Week       Last Year
     Organic                     n.a.             $3.29          $3.13
     Conventional               $2.25             $2.22          $2.28

     Regional (Conventional)   Wtd. Ave.          Low            High
     Hawaii                     $2.99            $2.99          $2.99
     Midwest                    $2.31            $1.67          $3.00
     Northeast                  $2.00            $1.50          $2.99
     Northwest                  $2.29            $1.88          $2.50
     South Central              $2.24            $2.00          $2.50
     Southeast                  $2.43            $1.48          $2.99
     Southwest                  $2.14            $1.77          $2.50
     WISCONSIN WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Blue 5 pounds                       2.2975-3.3675
     Brick 5 pounds                      2.0300-2.4550
     Cheddar 40 pound Block              1.7525-2.1525
     Monterey Jack 10 pounds             2.0050-2.2100
     Mozzarella 5-6 pounds               1.8300-2.7750
     Muenster 5 pounds                   2.0300-2.4550
     Process American 5 pound Loaf       1.7050-2.0650
     Swiss 6-9 pound Cuts                2.5100-2.6275

     Information for the period May 20 - 24, 2019, issued weekly

     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: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home