MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  November 04, 2015 (REPORT 44)                      


NORTHEAST WHOLESALE CHEESE:                                      
                                                              
Cheese production at major processing facilities in the Northeast region 
is steady. With noted increases in aged cheddar orders, holiday gift pack 
items are starting to improve along seasonal patterns. Manufacturers in 
the region continue to negotiate with existing customers for next year's 
commitments. Stocks are mostly balanced. The market undertone is steady. 
According to the DMN National Retail Report-Dairy, during the week of 
October 30-November 5, 2015 the weighted average advertised price for 8 
ounce cheese blocks in the Northeast was $2.43, 14 cents more than the 
national average and 20 cents more than a week ago. The Southeast 8 ounce 
block cheese price was $2.39, 29 cents more than a week ago. This week, 
the Northeast wholesale cheddar and Muenster price declined $0.0250, and 
prices for processed cheese declined $0.0125. Grade A Swiss prices 
remained steady. Tuesday's CME Group daily cash trading saw barrels close 
at $1.5400, up $0.0175 from a week ago; blocks closed at $1.6200, 
unchanged from a week ago. The Northeast October 2015 monthly average 
price for cheddar blocks was $2.2049, compared to $2.7688 one year ago. 
Processed 5# sliced average price was $2.0549, compared to $2.6139 one 
year ago. The CME Group October 2015 monthly average price for barrels 
was $1.6072, compared to $2.0782 the previous year. Blocks' average price 
was $1.6674, compared to $2.1932 the previous year. 
DAIRY PRODUCTS:  According to NASS, U.S. total cheese production in 
September 2015 was 956.0 million pounds, 2.4% more than a year ago but 
2.3% less than the previous month.  In the Atlantic region, total cheese 
production was 117.0 million pounds, 0.8% less than a year ago and 6.7% 
less than the previous month.  The total cheese production and percentage 
change from one year ago for individual Eastern states are: New York 68.0 
million pounds, -3.1%; Pennsylvania 32.3 million pounds, +0.9%; and 
Vermont 10.2 million pounds, +5.2%.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0050-2.2900     
Process 5# Sliced                            : 1.7725-2.2525     
Muenster                                     : 2.0250-2.3750     
Grade A Swiss Cuts 10 - 14#                  : 3.2675-3.5900     

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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