MD_DA851

     Cheese Highlights

     Report 30 - Released on July 26, 2019

     Declining cheese inventories were a topic of discussion following the Monday release of the
     NASS June Cold Storage report. Markets seemed to react the following day, but have
     maintained generally steady prices since Tuesday. Cheese production is stable to lower, as
     heat has crimped the amount of milk flowing into vats. Additionally a large plant in the
     Western region was offline temporarily. Spot prices ranged from $1 under to $1 over, while
     most reported spot prices were north of Class III. Cheese demand is mixed from slower in the
     East to steady/higher in the Midwest and West. That said, Western contacts suggest higher
     temperatures have stymied some of the grilling season demand.

     Information for the period July 22 - 26, 2019, issued weekly

     Secondary Sourced Information:

     Fridayśs closing price for CME barrels is $1.7200, compared to $1.7050 last week. CME
     blocksś closing price is $1.8250, compared to 1.7800 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