MD_DA851 Cheese Highlights Report 30 - Released on July 30, 2021 In light of recent market price slips, cheese demand is mixed. Some customers are holding off, awaiting further declines. Others are showing renewed interest. Asian importers are taking advantage, according to contacts in the Western region, but port delays/costs continue to cause major hurdles for producers and their global customers. Hence, contacts suggest stores of cheese are growing there. Milk remains widely available. Spot milk prices in the Midwest were $6 to $3 under Class. As was mentioned, cheese market prices have stumbled in recent weeks. Market undertones are somewhat bearish. Cheese production is consistent and with milk availability levels definitively higher than typical years during this time, production is not expected to decline near term. Information for the period July 26 - 30, 2021, issued weekly Secondary Sourced Information: The Friday closing price for CME barrels is $1.3900, compared to $1.4025 last week. CME blocks’ closing price was $1.6350, compared to $1.5850 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