MD_DA851

     Cheese Highlights

     Report 40 - Released on October 4, 2019

     Cheese production is steady to active in the nation. Some Midwestern Class III producers,
     who report continued spot milk scarcity, say their production rates are lower due to the
     tightness in milk. Mozzarella inventories are up in the West but clearing through pizza
     markets. Some Midwestern cheese contacts expect demand to remain strong into early 2020.
     Cheese market tones rebounded after a bearish week 39. There is still a large gap between
     block and barrel prices, but block prices are hovering around $2 and barrel prices have
     adjusted in bullish fashion compared to a week ago.

     Information for the period September 30 -  October 4, 2019, issued weekly

     Secondary Sourced Information:

     On the CME, cheese barrels closed at $1.7900, compared to $1.6550 last Friday. Blocks closed
     at $1.9925, compared to $1.9550 in week 39.

     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