MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  March 2, 2016 (REPORT 9)                       


NORTHEAST WHOLESALE CHEESE:                                      
                                                                
Cheese prices are showing a little weakness, in an unsettled market. 
Last week, the CME Group weekly average cheese price for blocks and 
barrels retreated from the previous week. Accordingly, the wholesale 
prices for cheddar and Muenster this week fell $0.0275, while process 
5# cheese moved lower $0.0350. Swiss cuts are unchanged. Tuesday's 
CME Group daily cash prices saw barrels close at $1.4325, down 
$0.0050 from a week ago; blocks closed at $1.4600, up $0.0050 from a 
week ago. Cheese production remains steady with milk output above a 
year ago levels. Packagers and processors are operating seasonally 
heavy schedules. Mozzarella manufacturers are seeing adequate 
customer interest from retail and foodservice accounts. Buyers are 
inclined to show some hesitancy, while timing purchases, as market 
prices fall. According to the DMN National Retail Report-Dairy, for, 
February 26 to March 3, 2016, the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.30, 5 cents higher 
than the national average, but unchanged from the previous week. The 
Southeast 8 oz. block cheese price was $2.48, up 5 cents from the 
previous week.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.8750-2.1600     
Process 5# Sliced                            : 1.6325-2.1125     
Muenster                                     : 1.8950-2.2450     
Grade A Swiss Cuts 10 - 14#                  : 3.1525-3.4750     

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