MD_DA830 Cheese - Midwestern U.S. Report 23 - Released on June 03, 2020 Cheesemakers are busy. Milk is still at somewhat affordable rates on the spot market, $1 to $3 over Class III at this point in the week. Cheesemakers who had been selling milk are now using it for production. Hence, most are running 6 to 7 day workweeks. Pizza establishments in the Midwest and East are busy, particularly after areas are reopening as closures are eased/lifted. Retail/packaged cheese has been busy and continues to be this week. Curds, in particular, are moving apace. Newly produced cheese is very tight. Some contacts have relayed either falling behind or turning down orders due to lack of capacity. Calling cheese markets bullish would be understated. Some contacts suggest $3 block prices are expected. However, a number of contacts predict once customers have replenished their stocks, things will settle. Midwestern wholesale prices are unchanged for Swiss cuts, up $.1175 for process and up $.2000 for all other types. WISCONSIN WHOLESALE SELLING PRICES: DELIVERED DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS)) Blue 5 pounds 2.7275-3.7975 Brick 5 pounds 2.4600-2.8850 Cheddar 40 pound Block 2.1825-2.5825 Monterey Jack 10 pounds 2.4350-2.6400 Mozzarella 5-6 pounds 2.2600-3.2050 Muenster 5 pounds 2.4600-2.8850 Process American 5 pound Loaf 2.0350-2.3950 Swiss 6-9 pound Cuts 2.8625-2.9800 Information for the period June 1 - 5, 2020, issued weekly Secondary Sourced Information: The CME Group May 2020 monthly average price for barrels was $1.5980, compared to $1.0690 in April; blocks’ average price was $1.6704, compared to $1.1019 in April. 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