MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  March 30, 2016 (REPORT 13)                         


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Cheese production remains active, at capacity levels, prompted by 
heavy milk output and weak Class I demand. Inventories in the region 
continue to expand. Cheese makers with aging programs are building 
supplies. As well, mozzarella stocks are increasing. Those expanding 
inventories are prompting increased retail promotions. In general, 
interest has declined following the holiday. However, demand can be 
erratic, as some buyers look to stay ahead of price increases. The 
cheese market undertone is unsettled. This week, Northeast wholesale 
prices for 40# block and Muenster upturned $0.0200. Process 5# moved 
incrementally higher $0.0025. Swiss cheese prices are constant. 
According to the DMN National Retail Report-Dairy, for March 25-31, 
2016, the Northeast weighted average advertised price for 8 oz. 
cheese blocks was $2.48, 3 cents lower than the national average, but 
9 cents higher than the previous week. The Southeast 8 oz. block 
cheese price was $2.94, up 71 cents from the previous week. 
Tuesday's CME Group daily cash prices saw barrels close at $1.4425, 
down $0.0275 from a week ago; blocks closed at $1.4700, down $0.0200 
from a week ago.


WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.8950-2.1800     
Process 5# Sliced                            : 1.6675-2.1475     
Muenster                                     : 1.9150-2.2650     
Grade A Swiss Cuts 10 - 14#                  : 3.0550-3.3775   

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