Cheese Highlights
USDA - Fri Mar 02, 1:31PM CST
MD_DA851

     Cheese Highlights

     Report 9 - Released on March 2, 2018

     Cheese production varies from region to region depending on milk intake. In the Northeast,
     plant managers report full work schedules for cheddar production and moderately below
     capacity for mozzarella. Midwest contacts expect mozzarella and provolone to add on orders
     prior to the March basketball tournaments. Demand is steady nationwide for retail and food
     service sales. Cheese demand is strong and a growing opportunity in the international
     market. The market tone is mixed regionally. Some Midwestern producers are generally bullish
     with the current stabilized market prices, whereas some Western contacts remain unsettled
     regarding heavy milk inventories, and, therefore, growing cheese stocks. Cheese inventories
     are balanced to heavy. Spot milk continues to be heavy and is offered at discounted prices.
     Spot milk prices ranged from $1 over to $3.50 under Class. With the upcoming spring flush,
     contacts are concerned that the current milk situation will only get worse for the dairy
     market. Friday on the CME, barrels closed at $1.4750, up $.0150 from last Friday. Blocks
     closed at $1.5600, up $.0650 from last Friday.

     Information for the period February 26 -  March 2, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     AL YANG, (608)422.8598
     Email: Al.yang@ams.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