Cheese - West
USDA - Wed May 15, 11:28AM CDT
MD_DA840

     Cheese - Western U.S.

     Report 20 - Released on May 15, 2019

     The western cheese market is strong. National inquiries are steady to more solid. However,
     some players report having a bit of challenge with transnational sales as they need more
     export assistance. Retail orders are good because more stores continue to replenish their
     post-holiday stocks. According to industry contacts, there has been an upsurge in Q2
     contractual requests. Cheese sellers report taking advantage of the narrower than usual
     spread between blocks and barrels. Cheese production is mostly flat despite a bit of
     increase in Class III price noted at some localities. Cheese supplies are plentiful across
     the region.

     This week, wholesale prices are up $.0850 for process, and up $.0300 for cheddar block,
     cuts and Monterey Jack. Swiss cut wholesale prices are unchanged from the previous week.

     National Retail Report Dairy � Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 5/10/2019
      to 5/16/2019
     Cheese 8 oz. Blocks                Weighted Average Price
     National                 This Period      Last Week       Last Year
     Organic                      n.a.            n.a.            n.a.
     Conventional                $2.01           $2.37           $2.26

     Regional (Conventional)   Wtd. Ave.          Low             High
     Northwest                   $2.00           $2.00           $2.00
     Southwest                   $2.34           $2.00           $2.50

     Cheese 8 oz. Shred                 Weighted Average Price
     National                 This Period      Last Week       Last Year
     Organic                     $3.29            n.a.           $3.54
     Conventional                $2.22           $2.31           $2.18

     Regional (Conventional)   Wtd. Ave.          Low             High
     Northwest                   $1.99           $1.99           $2.00
     Southwest                   $2.54           $1.99           $3.49

     Regional (Organic)        Wtd. Ave.          Low             High
     Northwest                   $3.50           $3.50           $3.50
     Southeast                   $3.00           $3.00           $3.00
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 10 pound Cuts               2.0050-2.2250
     Cheddar 40 pound Block              1.8250-2.2675
     Monterey Jack 10 pounds             2.0150-2.2875
     Process American 5 pound Loaf       1.7975-2.0525
     Swiss 6-9 pound Cuts                2.5925-3.0225

     Information for the period May 13 - 17, 2019, issued weekly

     Secondary Sourced Information:

     In CME Group trading Wednesday, barrels closed at $1.6125, compared to the weekly average
     price of $1.7225 from last week. Blocks closed at $1.6575, compared to the weekly average
     price of $1.6975 from last week.

     2019 U.S. Cheese and Curd Imports (USDA-FAS)
     (Imports for Consumption)
                                                2019 Imports    % Change From
     March Imports                              (Million Lb.)     1 Year Ago
       TOTAL Cheese and Curd (H.S. Code 0406)       30.8             +  9
       Cheese, Except Fresh (H.S. Code 040690)      27.0             + 14
       Fresh Cheese (H.S. Code 040610)               1.5             - 35
       Cheese, Processed (H.S. Code 040630)          1.3             -  4
       Cheese, Blue-Veined (H.S. Code 040640)        0.8             -  3

                                                2019 Imports    % Change From
                                                (Million Lb.)     1 Year Ago
     TOTAL, JAN - MAR                               85.3              ...
     Imports - Country of Origin
     1 Italy                                        19.2             + 14
     2 France                                        9.4              ...
     3 Netherlands                                   6.2             + 18
     4 Spain                                         5.0             +  3
     5 Switzerland                                   4.7             -  6

     2019 U.S. Cheese and Curd Exports (USDA-FAS)
                      2019 Exports    % Change From
                      (Million Lb.)     1 Year Ago
     March               82.0              + 10

     TOTAL, JAN - MAR   215.1              + 10
     Exports �Destination Country
     1 Mexico            48.7              - 10
     2 South Korea       45.0              + 46
     3 Japan             23.6              + 17
     4 Australia         14.4              +  1
     5 Chile              6.3              - 13
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@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/