MD_DA128

     Cheese - Oceania

     Report 45 - Released on November 05, 2020


     The Oceania cheddar price range moved slightly lower. Slower buying interest for many
     Oceania dairy products took a bit of a price toll on cheddar. Even so, manufacturers with
     multiple product options say that cheese remains the most profitable dairy product to
     manufacture in Oceania. With seasonal milk production declining, extra milk is now most
     likely to go to cheese plants when factors of geography and transportation allow.
     Manufacturers have very good order books. Production beyond contract obligations is often
     scheduled to build stocks for future sales. Efforts to increase export sales are an ongoing
     focus.



     Prices for: Oceania Cheese, Cheddar, 39% Maximum Moisture, Free on Board - Port,
     Price Range - $/MT:                                    3,725 - 3,900


     Information for the period October 26 -  November 6, 2020, issued biweekly

     Secondary Sourced Information:


     At GDT event 271 on November 3, the cheddar all contracts price, $3,786, decreased 0.8
     percent. The December contract, $3,879, decreased 0.7 percent.

     Cheese exports from New Zealand January � September 2020, 228,000 MT, decreased 6.2 percent
     from January � September 2019 according to CLAL data made available to USDA.


     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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