MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  February 04, 2015 (REPORT 5)                       

NORTHEAST WHOLESALE CHEESE:                                      
 
Steady to slightly higher milk intakes are facilitating at/near capacity 
cheese production.  Spot interest is light to fair.  As post Super Bowl 
demand declines, manufacturers are keeping an eye on inventory growth.  
The market undertone is unsettled.  This week, the Northeast wholesale 
cheese prices bounced back as cheddar and muenster rose $0.0250; process 
increased $0.0325. The Grade A Swiss price is steady.  Tuesday's CME 
Group daily cash prices saw barrels close at $1.4875, up $0.0175 from a 
week ago; blocks closed at $1.5350, up $0.0500 from a week ago.  The CME 
Group monthly average price for cheese blocks during January 2015 was 
$1.5218, compared to $2.2227 one year ago; barrels averaged $1.4995, 
compared to $2.1727 one year ago.  According to the DMN National Retail 
Report-Dairy, for January 30-February 05, 2015, the weighted average 
advertised price for 8 oz. cheese blocks in the Northeast is $2.62; 11 
cents more than the national price and 20 cent more than a week ago.  The 
Southeast 8 oz. block cheese price was $2.63, 43 cents more than last 
week.  The weighted average price for 8 oz. shredded cheese in the 
Northeast was $2.66, 9 cents more than the national price but 24 cents 
more than last week.  The Southeast 8 oz. shredded cheese price was 
$2.37, 7 cents more than last week.
DAIRY PRODUCTS:  According to NASS, U.S. total cheese production in 
December 2014 was 1.0 billion pounds, 2.5% more than a year ago.  In the 
Atlantic region, total cheese production for December 2014 was 130.2 
million pounds, 1.0% less than a year ago but 11.3% more than the 
previous month.  Total cheese production and percentage change from one 
year ago for Eastern states are: New York 73.1 million pounds, - 1.4%; 
Pennsylvania 38.7 million pounds, + 2.8%; and Vermont 10.9 million 
pounds, + 4.9%.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.8975-2.1825     
Process 5# Sliced                            : 1.7050-2.1850     
Muenster                                     : 1.9175-2.2775     
Grade A Swiss Cuts 10 - 14#                  : 4.1050-4.4275     


1100CT Daniel.Johnson@ams.usda.gov 608.278.4156
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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