MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  November 10, 2015 (REPORT 45)                      

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Cheese plants' production rates are fairly steady. Orders are softening 
as most Thanksgiving needs have shipped from producing plants. Typically, 
buyers are now waiting to see where prices will settle before re-entering 
the market. Wholesale supplies are adequate for current buying interest. 
Cheese promotions and features are stimulating retail sales ahead of the 
Thanksgiving holiday. Mozzarella and aged cheddar are showing good sales, 
with a solid surge from cream cheese. According to the DMN National 
Retail Report-Dairy, during the week of November 6-12, 2015 the weighted 
average advertised price for 8 ounce cheese blocks in the Northeast was 
$2.66, 26 cents more than the national average and 23 cents more than a 
week ago. The Southeast 8 ounce block cheese price was $2.58, 19 cents 
more than a week ago. This week, the Northeast wholesale cheddar and 
Muenster price increased $0.0375, and prices for processed cheese 
increased $0.0450. Grade A Swiss declined $0.0075, a result of lagging 
adjustments based on Class III component prices. Tuesday's CME Group 
daily cash trading saw barrels close at $1.5900, up $0.0500 from a week 
ago; blocks closed at $1.7000, up $0.0800 from a week ago. The Foreign 
Agricultural Service (FAS) reports that September 2015 U.S. cheese and 
curd exports totaled 48.9 million pounds, a 20% decline from a year ago.

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0425-2.3275     
Process 5# Sliced                            : 1.8175-2.2975     
Muenster                                     : 2.0625-2.4125     
Grade A Swiss Cuts 10 - 14#                  : 3.2600-3.5825     


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


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

September Total     48.9           - 20

TOTAL, JAN - SEP    541.0            - 15

 1 Mexico           152.0            + 11
 2 South Korea      104.7            - 14
 3 Japan             59.4            - 40
 4 Australia         31.1            - 6
 5 China             20.9            - 3


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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