MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  August 12, 2015 (REPORT 32)                        

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Northeast cheese production is mostly steady. The market for cheddar is 
active with good demand noted by sources. Mozzarella interest is steady 
and building. International demand remains sluggish against strong global 
competition. Inventories levels are adequate. The ongoing hot weather   
continues to impact (lower) milk components, resulting in reduced cheese 
yields. The market undertone for Northeast cheese is unsettled. According 
to the DMN National Retail Report-Dairy, during the week of August 7-13, 
the weighted average advertised price for 8 ounce cheese blocks in the 
Northeast was $2.35, 6 cents more than the national average, and 8 cents 
more than a week ago. The Southeast 8 ounce block cheese price was $2.60, 
81 cents more than a week ago. Northeast wholesale cheese prices for both 
cheddar and Muenster climbed $0.0400; process 5# sliced increased 
$0.0250. Grade A Swiss prices moved higher $0.0425 with adjustments based 
on lagging Class III component prices. Tuesday's CME Group daily cash 
trading saw barrels close at $1.7025, up $0.0100 from a week ago; blocks 
closed at $1.7450, up $0.0250 from a week ago. The Foreign Agricultural 
Service (FAS) reports that June 2015 U.S. cheese and curd exports totaled 
58.1 million pounds, a 22% 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                            : 1.9200-2.4000     
Muenster                                     : 2.1525-2.5025     
Grade A Swiss Cuts 10 - 14#                  : 3.2525-3.5750     


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

                 2015 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

June Total            58.1           - 22

TOTAL, JAN - JUNE    385.9           - 12
1 Mexico             103.7           + 20
2 South Korea         80.6           + 1
3 Japan               44.2           - 37
4 Australia           25.3           + 16
5 China               15.0           - 4

1100CT Daniel.Johnson@ams.usda.gov 608.557.7006
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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