MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  February 10, 2016 (REPORT 6)                       

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Milk supplies are at levels that continue active cheese production at 
area plants. Sales remain good, as demand exceeds the expectation of a 
few cheese manufacturers. Supplies are starting to build for some cheese 
operations. The market undertone is mostly steady. Northeast cheese 
prices for cheddar and Muenster shifted higher $0.0050, and process 
cheese prices moved higher $0.0250. The Grade A Swiss price declined 
$0.0175, a result of lagging adjustments based on Class III component 
prices. According to the DMN National Retail Report-Dairy, for February 
5-11, 2016, the Northeast weighted average advertised price for 8 oz. 
cheese blocks was $2.19, 12 cents more the national average, but 14 cents 
less than the previous week. The Southeast 8 oz. block cheese price was 
$2.03, 78 cents less than the previous week. Tuesday's CME Group daily 
cash prices saw barrels close at $1.4650, up $0.0150 from a week ago; 
blocks closed at $1.4700, up $0.0100 from a week ago.
DAIRY PRODUCTS:  According to NASS, U.S. total cheese production in 
December 2015 was 1.02 billion pounds, 1.2% higher than a year ago and 
2.8% above than the previous month. In the Atlantic region, total cheese 
production was 128.8 million pounds, 2.6% higher than a year ago and 1.8% 
above than the previous month. The total cheese production and percentage 
change from one year ago for individual Eastern states are: New York 71.1 
million pounds, -2.1%; Pennsylvania 33.7 million pounds, -2.9%; and 
Vermont 11.4 million pounds, +5.4%.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.8800-2.1650     
Process 5# Sliced                            : 1.6525-2.1325     
Muenster                                     : 1.9000-2.2500     
Grade A Swiss Cuts 10 - 14#                  : 3.1525-3.4750     


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

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

December Total       54.6            -  9

TOTAL, JAN - DEC    698.2            - 14

 1 Mexico           200.3            + 10
 2 South Korea      124.7            - 20
 3 Japan             75.7            - 39
 4 Australia         38.2            -  3
 5 Canada            29.0            -  6


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