USDA Cheese Highlights 05/21 12:37
MD DA851 CHEESE HIGHLIGHTS
MAY 21, 2004 MADISON, WI (REPORT 20)
CHEESE HIGHLIGHTS: The cheese market is weak. Buyers continue to
limit purchases in anticipation of additional price declines.
Sluggish overall cheese sales have caused extra milk volumes to be
diverted to butter/powder and some into cheddar for possible offer on
Chicago Mercantile Exchange cash cheese market. Inventory is growing
at most production plants. Many packagers and/or processors continue
to operate on less than full 5 day schedules. Manufacturing plant
schedules are heavy as milk intakes near the annual peak.
1200C George Koerner 608.224.5083
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