MD_DA851

     Cheese Highlights

     Report 8 - Released on February 22, 2019

     Cheese production is going strong in most of the country. Some curd/barrel producers in the
     Midwest relay they have ebbed production recently in order to manage inventories, and they
     are awaiting spring/summer related demand upticks before they increase production. However,
     with readily available and discounted milk, most cheese plant managers report maintaining an
     active workweek. Spot milk prices were typically discounted, but the overall range was at
     Class to $2 under. Demand is mixed intra-regionally in the Midwest and West. Western
     contacts say domestic demand is healthy, and some Middle Eastern buyers have increased
     ordering. Cheese markets have maintained some of their momentum from the past two weeks.
     Barrel prices have slipped a little this week, but there is some strength in the market
     tone.

     Information for the period February 18 - 22, 2019, issued weekly

     Secondary Sourced Information:

     Friday¶s closing price for CME barrels is $1.4050, compared to $1.4350 last week. CME
     blocks¶ closing price is $1.5950, compared to 1.5800 last Friday.

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