MD_DA810 DA MD DA810 Cheese - Northeast MADISON, WI. October 28, 2015 (REPORT 43) NORTHEAST WHOLESALE CHEESE: Cheese production remains active as plants process end-of-year holiday orders. Current orders are translating to heavy production schedules for some cheese packaging plants. Overall, demand is improved at the producer and wholesale levels. Cheese makers anticipate a spike in retail sales following increases in holiday retail promotions. Food service orders are steady. Cheese yields are on the uptick as butterfat and protein levels increase from summer lows. According to the DMN National Retail Report- Dairy, during the week of October 23-29, the weighted average advertised price for 8 ounce cheese blocks in the Northeast was $2.23, 7 cents more than the national average and 30 cents less than a week ago. The Southeast 8 ounce block cheese price was $2.10, 17 cents less than a week ago. Northeast wholesale cheddar and Muenster declined $0.0650, and prices for processed cheese declined $0.0650. Grade A Swiss prices are unchanged. Tuesday's CME Group daily cash trading saw barrels close at $1.5225, down $0.0575 from a week ago; blocks closed at $1.6200, down $0.0050 from a week ago. Cold Storage: According to NASS, U.S. stocks of total natural cheese as of September 30, 2015 totaled 1.149 billion pounds, 13% more than a year ago but 2% less than the previous month. Swiss cheese totaled 22.0 million pounds, 14% less than a year ago and 1% less last month. WHOLESALE SELLING PRICES: DELIVERED, DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS) Cheddar 40# Block : 2.0175-2.3025 Process 5# Sliced : 1.7975-2.2775 Muenster : 2.0375-2.3875 Grade A Swiss Cuts 10 - 14# : 3.2675-3.5900 Dairy Market News Reporting Changes Proposal Dairy Market News (DMN) is proposing updating the Dairy Market News Working Guidelines. This proposal is the result of an industry comment period. The updates would allow DMN market reports to additionally include information and sales prices reported by individuals and firms functioning as marketing agents selling on the behalf of dairy product manufacturers. The Working Guidelines updates are intended to capture more information on pricing and market conditions and reflect the evolution of the marketing of dairy products. Currently, market pricing information is collected for first sale, f.o.b. producers' plants or warehouses. The changes would be effective starting with Report 1, January 2016. Comment by October 30, 2015 to: DMN@ams.usda.gov Link to current DMN working guidelines: http://www.ams.usda.gov/market- news/individual-dairy-market-news-commodity-reports 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- home