MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  February 11, 2015 (REPORT 6)                       

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Cheese production is trending at seasonal levels while output varies in 
areas of the region.  Some plants are running full schedules.  Other 
cheese operations are balancing production to sales, as orders eases.  
Inventories are increasing as milk supply volumes encourage production.  
Competitive global prices are convincing some buyers to baulk on domestic 
purchases, lending to growing inventories.  Foodservice demand typically 
trends lower at this juncture, however, those rates are being added to as 
wholesale supply needs are restrained due to existing wintery weather 
conditions.  The market tone is uncertain.  The Northeast wholesale 
cheese prices are mixed this week as cheddar and muenster increased 
$0.0350; process is up $0.0075.  Grade A Swiss prices declined $0.2125 
with adjustments based on Class III component prices.  According to the 
DMN National Retail Report-Dairy, for February 6-12, the national 
weighted average advertised price for 8 oz. cheese blocks in the 
Northeast is $2.35; 12 cents less than the national average and 27 cent 
less than a week ago.  The Southeast 8 oz. block cheese price was $2.38, 
25 cents less than last week.  The Foreign Agricultural Service (FAS) 
reports that December 2014 U.S. cheese and curd exports totaled 60.6 
million pounds, a 12% drop from a year ago.

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.9325-2.2175     
Process 5# Sliced                            : 1.7125-2.1925     
Muenster                                     : 1.9525-2.3125     
Grade A Swiss Cuts 10 - 14#                  : 3.8925-4.2150     


2014 U.S. Cheese and Curd Exports, (USDA-FAS)

                 (Million Lb.)   % Change From 
                                   1 Year Ago

December            60.6              -  12

Total Jan.-Dec.    812.9              +  17

1 Mexico           182.1            unchanged
2 South Korea      156.7              +  44
3 Japan            123.5              +  80
4 Australia         39.3              +  47
5 Saudi Arabia      34.3              +  31



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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