MD_DA851 Cheese Highlights Report 31 - Released on July 31, 2020 Cheese production remains stable to strong. Widely available milk supplies, with reported Midwestern Class III spot prices discounted from $1 to $5 under Class this week, have kept cheese production apace. Some plant disruptions in the Midwest region had milk suppliers looking for destinations. Order reports, and cheese inventory reports, vary by manufacturer, but both East and West contacts say orders have begun to ebb some. Some Midwestern plant managers say inventories are tight. Cheese markets have begun to meet recent predictions from cheese market actors since block prices reached their $3 peak on July 13th. Block prices have slid down to converge with barrel prices early in the week and fell below them later this week. Contacts have said prices are currently too high to compete internationally. Information for the period July 27 - 31, 2020, issued weekly Secondary Sourced Information: The weekly average price for CME barrels is $2.3850, compared to $2.4530 last week. CME blocks’ weekly average is $2.3575, compared to $2.6140 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