Cheese - West - Wed Aug 12, 8:25PM UTC MD_DA840
Cheese - Western U.S.
Report 33 - Released on August 12, 2020
Western cheesemakers report international buyers are showing a little more interest now that
cheese prices have fallen. But as cheese supply and demand pitch and yaw, market
participants are hesitant to make any sudden moves. Buyers seem willing to wait for a better
deal, unsure if the market bottom has been reached. Demand is mixed as some shoppers may
take on loads of cheese to fill existing needs, but others wait on the sidelines. Cheese
availability has improved. Export deals inked when cheese prices were at the lowest are
getting finished up. Some restaurants may face tighter restrictions while the states and
nation grapple with heavy COVID-19 caseloads, releasing more cheese into the market.
Manufacturers want to control production and not get swamped by supply. A few industry
contacts suggest that cheese makers in parts of the West are pushing off extra loads of milk
to control supplies.
WESTERN WHOLESALE PRICE ADJUSTMENTS
In the West, wholesale prices are down $.6575 for process, and down $.4900 for cheddar
block, cuts and Monterey Jack. Swiss cut wholesale prices are down $.1050 from the previous
week.
WHOLESALE SELLING PRICES: DELIVERED
DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))
Cheddar 10 pound Cuts 2.1925-2.3925
Cheddar 40 pound Block 1.9450-2.4350
Monterey Jack 10 pounds 2.1800-2.4550
Process American 5 pound Loaf 1.8325-2.0875
Swiss 6-9 pound Cuts 2.6025-3.0325
Information for the period August 10 - 14, 2020, issued weekly
Secondary Sourced Information:
CME CLOSE
In CME Group trading Wednesday, barrels closed at $1.4650, compared to the weekly average
price of $1.7275 from last week. Blocks closed at $1.6050, compared to the weekly average
price of $1.8685 from last week.
EXPORT ASSISTANCE
This week, a cooperative export assistance program accepted requests for export assistance
on contracts to sell 544,542 pounds (247 metric tons) of cheese. So far this year, the
program has assisted member cooperatives who have contracts to sell 22.747 million pounds
of American-type cheeses in export markets. When combined with butter, cream cheese and
whole milk powder, the program has assisted members with sales of 726.6 million pounds of
milk on a milkfat basis.
2020 U.S. CHEESE AND CURD EXPORTS (USDA-FAS)
2020 Exports % Change From
(Million Lb.) 1 Year Ago
June 84.7 + 28
TOTAL, JAN-JUN 425.6 ...
Exports � Destination Country
1 Mexico 115.4 + 14
2 South Korea 85.2 ...
3 Japan 44.9 - 9
4 Australia 30.9 + 28
5 Chile 12.8 + 5
2020 U.S. CHEESE AND CURD IMPORTS (USDA-FAS)
(Imports for Consumption)
2020 Imports % Change From
June Imports (Million Lb.) 1 Year Ago
TOTAL Cheese and Curd (H.S. Code 0406) 24.0 - 18
Cheese, Except Fresh (H.S. Code 040690) 20.6 - 19
Fresh Cheese (H.S. Code 040610) 1.9 - 6
Cheese, Processed (H.S. Code 040630) 1.2 + 17
Cheese, Blue-Veined (H.S. Code 040640) 0.3 - 50
2020 Imports % Change From
(Million Lb.) 1 Year Ago
TOTAL, JAN-JUN 163.1 - 8
Imports - Country of Origin
1 Italy 30.7 - 23
2 France 18.4 - 16
3 Netherlands 15.6 + 16
4 Switzerland 9.7 + 11
5 Spain 9.4 - 19
Published by:
Dairy Market News - Madison, WI
MIKE BANDLI, (608)422-8592
Email: mike.bandli@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
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