MD_DA810 DA MD DA810 Cheese - Northeast MADISON, WI. December 2, 2015 (REPORT 48) NORTHEAST WHOLESALE CHEESE: Most cheese manufacturers are busy evaluating the post-Thanksgiving supply/demand situation. Milk supplies are ample and lend to active cheese production in the region. Manufacturers are not anticipating problems handling likely increases in yearend holiday milk supplies. Reports indicate mozzarella interest has picked up, as orders increase beyond the previous week's level. Over-all, offerings and current demand are closely balanced. The market undertone is steady. The Northeast wholesale cheese price for cheddar and Munester is steady. Process cheese prices shifted higher $0.0725. Swiss prices are the same. According to the DMN National Retail Report-Dairy, during the week of November 27- December 3, 2015 the weighted average advertised price for 8 ounce cheese blocks in the Northeast was $2.20, 13 cents less than the national average, and 17 cents less than a week ago. The Southeast 8 ounce block cheese price was $2.78, 50 cents more than a week ago. Tuesday's CME Group daily cash trading saw barrels close at $1.5150, down $0.0175 from a week ago; blocks closed at $1.5600, down $0.0100 from a week ago. WHOLESALE SELLING PRICES: DELIVERED, DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS) Cheddar 40# Block : 1.9725-2.2575 Process 5# Sliced : 1.7325-2.2125 Muenster : 1.9925-2.3425 Grade A Swiss Cuts 10 - 14# : 3.2600-3.5825 Dairy Market News Reporting Change Notice Upon the conclusion of the October 2015 industry comment period and a review of industry responses, Dairy Market News (DMN) is updating the Dairy Market News Working Guidelines, effective Report 1, January 2016. The updates will 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. Link to current and updated DMN working guidelines: http://www.ams.usda.gov/market-news/individual-dairy-market-news-commodity- reports December 1, 2015 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