Cheese - Midwest
USDA - Wed Jan 09, 1:02PM CST
MD_DA830

     Cheese - Midwestern U.S.

     Report 2 - Released on January 09, 2019

     Cheese production continues apace, as post-holiday milk loads make their way into the vats.
     That said, the milk price narrative has changed since week 1. This week�s spot milk prices
     ranged from $2 under to $1 over, whereas last week they were wholly discounted. Cheese sales
     reports from most producers point to a bullish push. That said, some expect schools and
     restaurants are simply refilling their stocks, and the uptick may be short lived once
     establishments/schools are replenished. Cheese markets remain somewhat quiet. Regarding
     inventories, although some regional producers relay their inventories are balanced,
     nationally stores are heavy.

     Midwestern wholesale prices are down $.0625 for Swiss Cuts, up $.0125 for barrels and up
     $.0475 for other types.

     National Retail Report Dairy � Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of
     12/28/2018 to 1/3/2019
     Cheese 8 oz. Blocks           Weighted Average Price
     National                   This Period   Last Week   Last Year
     Organic                       n.a.          n.a.       $3.04
     Conventional                 $2.27         $1.92       $2.27

     Regional (Conventional)     Wtd. Ave.      Low         High
      Alaska                       n.a.          n.a.        n.a.
      Hawaii                      $2.59         $2.00       $3.00
      Midwest                     $2.31         $1.99       $3.00
      Northeast                   $2.21         $1.66       $2.99
      Northwest                   $2.37         $1.67       $3.00
      South Central               $1.99         $1.98       $2.00
      Southeast                   $2.30         $1.67       $3.00
      Southwest                   $2.38         $1.67       $3.00

     Cheese 8 oz. Shred            Weighted Average Price
     National                   This Period   Last Week   Last Year
      Organic                      n.a.          n.a.       $3.00
      Conventional                $2.06         $2.14       $2.32

     Regional (Conventional)     Wtd. Ave.      Low         High
      Alaska                      $2.49         $2.49       $2.49
      Hawaii                      $3.00         $3.00       $3.00
      Midwest                     $2.10         $1.99       $2.99
      Northeast                   $2.12         $1.49       $2.99
      Northwest                   $2.66         $1.67       $3.00
      South Central               $1.78         $1.23       $2.99
      Southeast                   $1.95         $1.23       $2.99
      Southwest                   $2.39         $1.67       $2.99
     WISCONSIN WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Blue 5 pounds                       2.0500-3.1200
     Brick 5 pounds                      1.7825-2.2075
     Cheddar 40 pound Block              1.5100-1.9050
     Monterey Jack 10 pounds             1.7575-1.9625
     Mozzarella 5-6 pounds               1.5825-2.5225
     Muenster 5 pounds                   1.7825-2.2075
     Process American 5 pound Loaf       1.3900-1.7500
     Swiss 6-9 pound Cuts                2.6900-2.8075

     Information for the period January 7 - 11, 2019, issued weekly

     Secondary Sourced Information:

     The CME Group December 2018 monthly average price for barrels, $1.2829, is down from the
     November average of $1.3100. Blocks� average price, $1.3764, is down from the $1.3951
     November monthly average.
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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