Some manufacturers continue to report buyers strategizing as to placing
purchase orders, following recent cash market weakness. However, the ability to do that is mitigated by the reality of some plants already being at full production or near that level.
At those plants, prospective buyers who held back recently are now being told that the cheese being produced is committed, leaving buyers to seek out other sources. Cheese is available but may require more calling than some buyers expect.
The National Dairy Retail Report (DMN) found that Midwest ads for 8 ounce shredded cheese have a weighted average advertised price of $2.09, 28 cents lower than the
national average, $2.37. One year ago the national average was $2.27.
For 8 ounce blocks in the Midwest, the average price is $2.08, 35 cents lower than the national average, $2.43. One year ago the national average was also $2.44. National ad numbers for all cheese categories this period decreased by 25% from two weeks ago. Wisconsin wholesale prices for 1,000 to 5,000 pound mixed lots of process cheese increased by $.0175, while the remaining varieties are unchanged. CME trading last week into this week
reflects weaker cash markets. Six of the eight previous daily barrel closes
were down while two were unchanged. Wednesday both blocks and barrels
dropped, blocks to $2.1350 and barrels to $2.1300. This week, a cooperative
export assistance program accepted requests for 0.873 million pounds of
WISCONSIN WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)
Process American 5# Loaf : 2.3125-2.6725
Brick And/Or Muenster 5# : 2.5950-3.0200
Cheddar 40# Block : 2.3000-2.7175
Monterey Jack 10# : 2.5700-2.7750
Blue 5# : 2.8625-3.8500
Mozzarella 5 - 6# (Low Moisture, Part Skim): 2.4400-3.3350
Grade A Swiss Cuts 6 - 9# : 3.3175-3.4350
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da