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USDA - AMS: Cheese - West (2019-01-16)

USDA U.S. Department of Agriculture - January 16, 2019


     MD_DA840

     Cheese - Western U.S.

     Report 3 - Released on January 16, 2019

     With plenty of milk available, western cheese makers continue to run cheese vats at or near
     capacity. Mozzarella demand is solid due to the football playoffs and pizza season. However,
     the winter holiday season that generates peak consumption is a memory and processed cheese
     demand continues to struggle. The retail cheese market is seasonally slower, and some
     industry contacts suggest sales are lagging. Others say demand is as would be expected, but
     production is outpacing demand. There are ample amounts of block and barrel cheese in the
     warehouse. The stocks are weighing heavily on cheese prices and end users report getting
     many offers for consideration. Meanwhile, the spread between block and barrel prices remains
     well above the typical 3 to 4 cent spread. Manufacturers are adapting to this through a
     number of means, using risk management strategies, or offsetting the milk intake costs with
     greater value generation in the whey protein complex.

     National Retail Report Dairy  Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 1/11/2019
      to 1/17/2019
     Cheese 8 oz. Blocks               Weighted Average Price
     National                   This Period    Last Week     Last Year
     Organic                       n.a.          n.a.          $2.99
     Conventional                 $1.91         $2.27          $2.03

     Regional (Conventional)    Wtd. Ave.      Low           High
      Alaska                       n.a.          n.a.           n.a.
      Hawaii                      $2.66         $2.50          $2.99
      Northwest                   $2.42         $1.88          $2.99
      Southwest                   $2.30         $1.49          $2.99

     Cheese 8 oz. Shred               Weighted Average Price
     National                   This Period    Last Week     Last Year
      Organic                     $2.49          n.a.          $2.99
      Conventional                $2.32         $2.06          $2.18

     Regional (Conventional)    Wtd. Ave.      Low           High
      Alaska                       n.a.          n.a.           n.a.
      Hawaii                      $2.50         $2.50          $2.50
      Northwest                   $2.65         $1.88          $3.00
      Southwest                   $2.14         $1.49          $2.99

     Western Wholesale Price Adjustments
     In the West, wholesale prices were down $.0375 for process, and down $.0300 for cheddar
     block, cuts and Monterey Jack. Swiss cut wholesale prices are unchanged from the previous
     week.
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 10 pound Cuts               1.6925-1.9125
     Cheddar 40 pound Block              1.5125-1.9550
     Monterey Jack 10 pounds             1.7025-1.8625
     Process American 5 pound Loaf       1.3400-1.5950
     Swiss 6-9 pound Cuts                2.7725-3.2025

     Information for the period January 14 - 18, 2019, issued weekly

     Secondary Sourced Information:

     Export Assistance
     This week, a cooperative export assistance program accepted requests for export assistance
     on contracts to sell 4.453 million pounds (2,020 metric tons) of cheese.

     When combined with butter and whole milk powder, the program has assisted members with sales
     of 59.531 million pounds of milk on a milkfat basis.

     CME Close
     In CME Group trading Wednesday, barrels closed at $1.2000, compared to the weekly average
     price of $1.2615 from last week. Blocks closed at $1.4175, compared to the weekly average
     price of $1.3900 from last week.
     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@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

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