Daily Cash Trading - Cheese

MD_DA800                                                                     
DA                                                                           
MD DA800 Cheese - CME Group - Daily Cash Trading                             
                                                                             
                                                                             
MADISON, WI.  May 25, 2012 (REPORT 21)                                       

*** NOTICE:  The CME will be closed in observance of the Memorial Day Holiday on 
Monday, May 28, 2012.***
 
CME Group, CHICAGO, IL                                                       
                                                                             
   Daily Cash Cheese Trading on Friday, May 25, 2012                         
          (Carload Unit = 40,000-44,000 lbs.)                                
                                                                             
------------------------------------------------------------------           
CHEESE           :            CLOSE          :        CHANGE                 
------------------------------------------------------------------           
                 :                           :                               
BARRELS          :            $1.4700        :          N.C.                 
                 :                           :                               
40# BLOCKS       :            $1.5700        :         .0675                 
                 :                           :                               
------------------------------------------------------------------           
                                                                             
SALES:                   NONE                                                
                                                                             
LAST BID UNFILLED:       2 CARS BARRELS @ $1.4700                            
                         1 CAR 40# BLOCKS @ $1.5700                          
                                                                             
LAST OFFER UNCOVERED:    NONE                                                
                                                                             
Close represents US $ per pound. Change is price change from previous close. 
Information disseminated by USDA, Dairy Market News - Madison, WI            
1120C   (608) 278-4200                                                       

1. Ag markets were generally mixed overnight trading
2. Winterkill losses put pressure on forage supplies
3. Ag markets mixed again Tuesday
4. Behold, the power of Greek yogurt’s whey
5. Milk and dairy product prices remain stable
6. Ag markets generally mixed around midsession on Tuesday

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Cattle crush Calif. dairy worker
5. How China may keep Calif. dairies in business
6. WASDE: Corn price outlook lowered

1. Commentary: Clueless consumers
2. Commentary: Why should we care about the farm bill?
3. Group enhances financial commitment to dairy exports