MD_DA851

     Cheese Highlights

     Report 27 - Released on July 5, 2019

     Cheese producers are busy in the East and the Midwest, while heat-related milk fluctuations
     are affecting milk supplies in the West. Spot milk prices ranged from $2.00 under to $0.50
     over Class in the Midwest region. For a comparison, prices ranged from $5 to $2 under during
     this week last year. That said, a majority of cheesemakers are opting out of the spot
     market, using internally sourced supplies. Cheese demand reports are mixed, but retail sales
     got a shot in the arm from the holiday this week. Generally, pizza cheese, curds, and barrel
     producers relay positive sales week to week. Inventories are available, but some producers
     report tightening supplies. Cheese market tones remain positive. Earlier expectations of
     slowing sales due to higher market prices have subsided, at least currently. Cheesemakers
     are cautiously optimistic regarding current market conditions.

     Information for the period July 1 - 5, 2019, issued weekly

     Secondary Sourced Information:

     Fridayśs closing price for CME barrels is $1.7800, compared to $1.7900 last week. CME
     blocksś closing price is $1.8475, compared to 1.8575 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/