Cash cheese keeps nudging higher and Class III futures reclaimed some of Tuesday’s losses on the Chicago Mercantile Exchange on Wednesday. Dairy Market News says milk remains readily available for a couple of reasons: One-Class I demand is backing-off as schools close and Two-more milk is being diverted from nonfat dry into cheese in the Central U.S. There is some talk that milk supplies will become tighter later in the summer to the point cheese makers may not get all they want. Meanwhile, the amount of cheese advertising has increased across the country.
Cooperatives Working Together (CWT) has accepted 14 requests for export assistance from Darigold, Foremost Farms, Land O’Lakes, Maryland & Virginia Milk Producers Cooperative and United Dairymen of Arizona to sell a total of 875.235 pounds of Cheddar and Monterey Jack cheese and 1.664 million pounds of butter to customers in Asia, North Africa, Central America and the Middle East. The product will be delivered May through November 2012.
In 2012, CWT has assisted member cooperatives in making export sales of Cheddar, Monterey Jack and Gouda cheese totaling 54.7 million pounds, and butter and anhydrous milk fat totaling 44.7 million pounds, to 27 countries on four continents. Totals of both were adjusted due to cancellations