Cheese - West
USDA - Wed Jan 09, 3:23PM CST
MD_DA840

     Cheese - Western U.S.

     Report 2 - Released on January 09, 2019

     Western cheese inventories remain abundant for the most part, except for a few processors
     who report having tight inventories. Cheese sales are quiet to very active depending on the
     processors. More Mozzarella is clearing through the retail channels for pizza manufacturing.
     Cheese export sales to Asia are up while orders from Mexico are stable. Nevertheless,
     supplies exceed current orders. With higher components in farm milk and plenty of milk in
     the West, cheese productivity is boosting, adding more to current stocks. Outputs of cheese
     are likely to further increase in the near future, so market players hope to see livelier
     spot trading activities in the forthcoming football season. In the West, wholesale prices
     were up $.0125 for process, and up $.0475 for cheddar block, cuts and Monterey Jack.
     However, Swiss cut wholesale prices are down $.0625 from the previous week.

     National Retail Report Dairy � Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 1/4/2018
     to 1/10/2019
     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
      Northwest                   $2.37         $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
      Northwest                   $2.66         $1.67       $3.00
      Southwest                   $2.39         $1.67       $2.99
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 10 pound Cuts               1.7225-1.9425
     Cheddar 40 pound Block              1.5425-1.9850
     Monterey Jack 10 pounds             1.7325-1.8925
     Process American 5 pound Loaf       1.3775-1.6325
     Swiss 6-9 pound Cuts                2.7725-3.2025


     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 2018 monthly average of $1.3100, and down from the monthly average of a year ago,
     $1.5426. Blocks� December average price, $1.3764, is down from the $1.3951 November monthly
     average, and down from $1.4900 one year ago. The average price for the year of 2018 was
     $1.4198 for barrels and $1.5460 for blocks.

     In CME Group trading Wednesday, barrels closed at $1.2450, compared to the weekly average
     price of $1.2994 from last week. Blocks closed at $1.3700, compared to the weekly average
     price of $1.4206 from last week.

     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: Florence.KoneGonzalez@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