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November 15, 2018

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Industry Snapshot
Photo courtesy of U.S. Dairy Export Council
INTERNATIONAL OUTREACH — The U.S. Dairy Export Council (USDEC) led a delegation of U.S. cheese companies, distributors and dairy producers Nov. 1-10 on a market development mission in Hong Kong and Tokyo. Among the activities were visiting local retailers and demonstrating U.S. cheeses to potential customers. Above, U.S. dairy producer delegation members Marilyn Hershey (Pennsylvania), Cheri Chapin (Michigan), Brad Scott (California) and Lowell Mueller (Nebraska) meet with a staff member at CitiSuper, a high-end supermarket in Hong Kong, to participate in a U.S. cheese demonstration.
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Today's Cheese Spot Trading
November 15, 2018

Barrels:$1.3600 (NC)
Blocks: $1.4250 (+2 1/2)

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Cheese Production
U.S. Total Sept.
1.057 bil. lbs.

Milk Production
U.S. Total Sept.
17.376 bil. lbs.

Guest Columnist

Supply and demand drive
the block-barrel spread

Mike McCully, The McCully Group LLC

Too much customer concentration at the top can ding your value

Bob Wolter, CBS-Global

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