MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  June 10, 2015 (REPORT 23)                          

NORTHEAST WHOLESALE CHEESE:                                      

Manufacturers are maintaining extended production schedules to process 
near peak milk supplies.  Demand for processed cheese is improving, as 
seasonal orders boost sales.  Cheddar producers are primarily moving 
supplies to aging programs.  The market is unsettled.  Northeast 
wholesale cheese prices for cheddar and muenster rose $0.0650 and process 
5# climbed $0.0525.  The Grade A Swiss price increased $0.0100, due to 
lagging adjustments based on the Class III component prices.  According 
to the DMN National Retail Report-Dairy, for the week of June 5-11, the 
weighted average advertised price for 8 oz. cheese blocks in the 
Northeast is $2.41, 3 cents more than the national average and 1 cent 
more than a week ago.  The Southeast 8 oz. block cheese price is $2.38, 
42 cents more than the previous week.  At the CME Group, Tuesday's daily 
cash price saw barrels close at $1.6725, down $0.0475 from a week ago; 
blocks closed at $1.7250, down $0.0450 from a week ago.  The Foreign 
Agricultural Service (FAS) reports that April 2015 U.S. cheese and curd 
exports totaled 69.8 million pounds, a 6% decline from a year ago.

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                

Cheddar 40# Block                            : 2.1325-2.4175     
Process 5# Sliced                            : 1.9100-2.3900     
Muenster                                     : 2.1525-2.5025     
Grade A Swiss Cuts 10 - 14#                  : 3.1825-3.5050     


2015 U.S. Cheese and Curd Exports (USDA-FAS)

                    (Million Lb.)   % Change From 
                                      1 Year Ago

April                  69.8              -   6

Total Jan. - Apr.     263.0              -  11
   1 Mexico            68.4              +  14
   2 South Korea       60.0              +  25
   3 Japan             30.2              -  33
   4 Australia         16.5              +   7
   5 China             10.0              -   3


1100CT Daniel.Johnson@ams.usda.gov 608.557.7006
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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