MD_DA851

     Cheese Highlights

     Report 1 - Released on January 4, 2019

     Holiday milk levels are adding to increasing cheese production nationally. One slight
     deviation from that norm is Central contacts reported maintenance issues impeding production
     at multiple plants. Spot milk prices in the Midwest were reported from $2 to $4 under Class,
     and contacts suggest late last week¶s prices brought heavier discounts. Pizza cheese
     producers are somewhat busy with orders in the Midwest, while Western mozzarella and
     provolone makers are hopeful for increasing demand ahead related to the culminating football
     season/playoffs. Cheese markets have been quiet during the holidays. Contacts suggest
     holiday-level cheese production, along with generally long inventories, will do little to
     bulwark buyer urgency in the near future.

     Information for the period December 31, 2018 -  January 4, 2019, issued weekly

     Secondary Sourced Information:

     Friday¶s closing price for CME Group barrels is $1.3025 compared to $1.2900 last week. CME
     Group blocks¶ closing price is $1.4175, compared to $1.4300 last Friday.

     Published by:
     Dairy Market News - Madison, WI
     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