MD_DA851 Cheese Highlights Report 42 - Released on October 16, 2020 Cheese market tones remain lively this week. Even with a relatively large price gap between block and barrel prices, barrel prices are maintaining resilience, slowly bridging the gap day to day. Cheese production remains active in most plants throughout the country. Milk is balanced/available in most areas. Spot milk prices dipped below Class III after a couple weeks of Class or over Class prices being reported. This week, Midwestern spot prices ranged from $1 under to $1 over Class. That said, spot milk trading was slow in general. Cheese demand is reportedly consistent, with both retail and government bids keeping inventories in check. Information for the period October 12 - 16, 2020, issued weekly Secondary Sourced Information: The weekly average price for CME barrels is $2.1730, compared to $2.0100 last week. CME blocks’ weekly average is $2.7140, compared to $2.6465 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