MD_DA851 Cheese Highlights Report 24 - Released on June 18, 2021 Cheesemakers are busy throughout the country. Milk availability is at heightened levels, despite 90+ temperatures throughout the Midwest and triple digits in parts of the South and Southwest. Spot milk prices ranged from $6 to $4 under Class III. Cheese inventory levels vary by plant, from steady to growing. Midwestern curd/barrel producers relay customer interests are healthy, keeping those inventories balanced. Western contacts relay Asian interest is picking up as domestic market prices have receded to around $1.50. Regarding market tones, the "inverted" price structure continues to create undertones of instability as barrel prices are hovering near a dime above block prices. Information for the period June 14 - 18, 2021, issued weekly Secondary Sourced Information: The weekly average price for CME barrels is $1.6140, compared to $1.6080 last week. CME blocks’ weekly average is $1.5005, compared to $1.4805 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