MD_DA851

     Cheese Highlights

     Report 34 - Released on August 23, 2019

     Cheese demand is stable to positive throughout the nation. Midwestern producers suggest
     state fair season, along with strong retail promotions, are helping prompt strong sales.
     Additionally, corporate and holiday gift boxes are in the works according to some cheese
     contacts. Cheese inventories are plentiful, but contacts lack the same concern they did at
     this time last year. Cheese producers are finding milk mainly at premiums. Spot milk prices
     ranged from Class to $1.50 over Class III. Midwestern contacts suggest bottlers have not
     pulled down milk supplies as much as expected. Cheese market tones are wobbly. The price gap
     on the CME between blocks and barrels has grown. Cheese contacts relay this is a bearish
     weight on markets, as prices typically range within $.10.

     Information for the period August 19 - 23, 2019, issued weekly

     Secondary Sourced Information:

     Friday¶s closing price for CME barrels is $1.6650, compared to $1.7650 last week. CME
     blocks¶ closing price is $1.8800, compared to 1.8800 last Friday.

     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