Cheese - West USDA - Wed May 12, 8:25PM UTC MD_DA840
Cheese - Western U.S.
Report 19 - Released on May 12, 2021
In the West, this week, demand for cheese for retail has held steady. Contacts report mixed
food service demand. While some purchasers are purchasing more to fill storage capacity,
others are buying less as they have met their capacities. There is steady demand for cheese
for export to Mexico and Asia. Amidst the current driver/truck shortage, increasing freight
costs are a concern for cheese buyers. Some have begun to look for other avenues of
transportation to fulfill orders. Mixed cheese inventories continue to be reported; blocks
are available for spot purchase. Spot purchasers are having a better time obtaining barrels
than in previous weeks, though inventories continue to be limited. With the high
availability of milk in the region cheese production plants are running full schedules.
Market tones are firm. Late last week, cheese barrel prices fell below blocks on the CME,
where they have remained into this week.
WESTERN WHOLESALE PRICE ADJUSTMENTS
In the West, wholesale prices are down $.0150 for process, and down $.0200 for cheddar
block, cuts and Monterey Jack. Swiss cut wholesale prices are down $0.0325 from the
previous week.
WHOLESALE SELLING PRICES: DELIVERED
DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))
Cheddar 10 pound Cuts 2.1100-2.3100
Cheddar 40 pound Block 1.8625-2.3525
Monterey Jack 10 pounds 2.0975-2.3725
Process American 5 pound Loaf 1.8975-2.1525
Swiss 6-9 pound Cuts 3.0275-3.4575
Information for the period May 10 - 14, 2021, issued weekly
Secondary Sourced Information:
CME CLOSE
In CME Group trading Wednesday, barrels closed at $1.7550, compared to the weekly average
price of $1.7960 from last week. Blocks closed at $1.8125, compared to the weekly average
price of $1.7820 from last week.
EXPORT ASSISTANCE
This week, a cooperative export assistance program accepted requests for export assistance
on contracts to sell 403,446 pounds (183 metric tons) of Cheddar and Monterey Jack cheese.
So far this year, the program has assisted member cooperatives who have contracts to sell
14.9 million pounds of American-type cheeses and 5.5 million pounds of cream cheese in
export markets.
When combined with butter, AMF, cream cheese and whole milk powder, the program has assisted
members with sales of 722.3 million pounds of milk on a milkfat basis.
Published by:
Dairy Market News - Madison, WI
ROMAN CARAMAN, (608) 422-8593
Email: roman.caraman@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
|