MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  February 3, 2016 (REPORT 5)                       


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
This week, cheese production reflects output levels typical for this time 
of year, after last week's snow storm that hampered regional production.  
Manufactures of the cheddar cheese variety are running full schedules, 
with current orders being filled, and new product being added to aging 
programs. Most mozzarella cheese orders are finalized ahead of this 
weekend's Super Bowl event. Northeast manufacturers are optimistic cheese 
promotions, targeting the upcoming holiday, will prompt solid sales that 
provide some equilibrium for growing inventories. Wholesale cheese prices 
for both blocks and barrels are trending lower. The recent price decline 
has resulted in lower wholesale prices for all varieties with the 
exception of Swiss cuts which remained unchanged. Northeast prices for 
cheddar and Muenster moved $0.0175 lower, while processed cheese prices 
moved $0.0475 lower, identical to last week's decline. According to the 
DMN National Retail Report-Dairy, for January 29-February 4, 2016, the 
Northeast weighted average advertised price for 8 oz. cheese blocks was 
$2.44, 24 cents above the national average, and 11 cents more than the 
previous week. The Southeast 8 oz. block cheese price was $2.32, 49 cents 
less than the previous week. The January 2016 monthly average price for 
Northeast cheddar blocks is $2.0318, compared to $2.0671 one year ago. 
Processed 5# sliced average price is $1.9342, compared to $1.9589 one 
year ago. The CME Group January 2016 monthly average price for cheese 
barrels was $1.4842, compared to $1.4995 a year ago; cheese blocks 
average price was $1.4757, down from $1.5218 a year ago. Tuesday's CME 
Group daily cash prices saw barrels close at $1.4500, up $0.0200 from a 
week ago; blocks closed at $1.4600, unchanged from a week ago.

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.8750-2.1600     
Process 5# Sliced                            : 1.6275-2.1075     
Muenster                                     : 1.8950-2.2450     
Grade A Swiss Cuts 10 - 14#                  : 3.1700-3.4925                                   

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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