Cheese Producers News: Market Trends as of 2023-08-02
Europe is experiencing record-setting high temperatures that are adversely impacting milk production and cheese production. Retail demand for cheese remains strong, but food service demand is mixed as hot temperatures hurt business in vacation destinations. Currenly, export demand for cheese is steady and cheese inventories are tight, due to demand outpacing production. This week, prices for United States domestic blue, gorgonzola, parmesan and romano cheese increased by $.2375.
These Market trends are an important factor for both cheese producers and consumers. Cheese producers must be sure to anticipate demand accurately and be prepared with adequate cheese inventories. Consumers need to pay attention to market trends to be able to find the best prices, and to be able to make informed purchasing decisions.
Wholesale Prices Adjustment as of July 31st to August 4th
Foreign Type Cheese
Blue: Range between 2.6400-5.2300 foreign type price, and 2.1925-3.6800 US domestic type price.
Gorgonzola: Range between 3.6900-5.7400 foreign type price, and 2.7000-3.4175 US domestic type price.
Parmesan: Range between 2.5825-4.6700 US domestic type price, and no foreign type price.
Romano: Range between 3.3825-5.5375 US domestic type price, and no foreign type price.
Sardo Romano (Argentina): Range between 2.8500-4.7800 foreign type price, and no US domestic type price.
Reggianito (Argentina): Range between 3.2900-4.7800 foreign type price, and no US domestic type price.
Jarlsberg: Range between 2.9500-6.4500 foreign type price, and no US domestic type price.
Swiss (Finland): Range between 2.6700-2.9300 foreign type price, and no US domestic type price.
Wholesale Selling Prices
The wholesale selling prices for US domestic and foreign cheese from July 31st to August 4th are listed in the tables below:
F.O.B Distributors Dock Cost by Pound (1000 - 5000 Pounds Mixed Lots):
New York Variety: Imported and Domestic
| Product | Region | Low | High | Release Date | Start Date | End Date |
|---|---|---|---|---|---|---|
| Blue | Foreign Type | 2.6400 | 5.2300 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Blue | US Domestic | 2.1925 | 3.6800 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Gorgonzola | Foreign Type | 3.6900 | 5.7400 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Gorgonzola | US Domestic | 2.7000 | 3.4175 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Parmesan | US Domestic | 2.5825 | 4.6700 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Romano | US Domestic | 3.3825 | 5.5375 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Sardo Romano (Argentina) | Foreign Type | 2.8500 | 4.7800 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Reggianito (Argentina) | Foreign Type | 3.2900 | 4.7800 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Jarlsberg | Foreign Type | 2.9500 | 6.4500 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
| Swiss (Finland) | Foreign Type | 2.6700 | 2.9300 | 2023-08-02 | 2023-07-31 | 2023-08-04 |
CME Cheese Prices as of July 28th to August 3rd
| Date | Barrel Cost | Block 40lb Cost |
|---|---|---|
| 2023-08-03 | 1.8250 | 1.9600 |
| 2023-08-02 | 1.8700 | 1.9600 |
| 2023-08-01 | 1.8700 |