MD_DA851

     Cheese Highlights

     Report 26 - Released on June 28, 2019

     From the West, cheese contacts note a strength in demand from Mexican and Asian buyers. The
     Mexican demand resurgence is attributed to tariff reductions. Eastern contacts report a
     similar demand climb, while Midwestern reports are more mixed this week after weeks of
     positive demand tones. Although milk prices are often below Class, they remain pricey for
     this time of year. Still, production is running apace in all regions, although Western
     cheese plant managers suggest they may pump the brakes, as temperatures in large areas are
     reaching 100+ degrees, putting a squeeze on milk supplies. Midwestern spot milk prices
     ranged from $1.50 under to Class III. Midwestern contacts suggest more milk is moving
     eastbound, towards Michigan and the mid-Atlantic states. Cheese market tones are holding
     their own, as barrel prices are bullishly moving closer to block prices.

     Information for the period June 24 - 28, 2019, issued weekly

     Secondary Sourced Information:

     Fridayśs closing price for CME barrels is $1.7900, compared to $1.7375 last week. CME
     blocksś closing price is $1.8575, compared to 1.8250 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: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home