MD_DA851
DA
MD DA851 CHEESE HIGHLIGHTS 

MADISON, WI   January 30, 2015   (REPORT 4)

Strong cheese production is being driven by the volumes of 
milk being received by cheese plants.  Sales are lagging 
production in some plants, leading to increasing inventory 
levels.  There is awareness of this factor, but overall 
current inventories are manageable.  Spot loads of milk are 
available this week at prices between $2.00 under to $1.50 
over depending on timing and location.  According to FAS, 
imports of high tier and quota Italian-type cheese from 
January through December 2014 totaled 31.6 million pounds, 
up 3% compared to last year. Imports of quota Italian-type 
cheese for December totaled 2.4 million pounds, 12% lower 
than last year.  Imports of high tier and quota 
Swiss/Emmenthaler varieties from January through December 
2014 totaled 50.4 million pounds, 12% more than last year. 
Imports of quota Swiss/Emmenthaler for December totaled 5.5 
million pounds, 52% higher than last year.  Friday in CME 
Group trading, barrels closed at $1.5050, up 6 cents from 
last Friday and 40# blocks closed at $1.5325, up 5 1/4 
cents from last Friday.

1200CT  eric.graf@ams.usda.gov 
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home