MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  April 13, 2016 (REPORT 15)                         


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
With the prevailing flush, increases in milk supplies are maintaining 
the elevated cheese production level for most manufacturers. Overall, 
sales are modest. The approach of some buyers is to work through 
existing stocks, while monitoring the market for near-term purchase 
opportunities. Global interest remains somewhat weak, a reflection of 
price differences. Producers seem relaxed with existing stock levels, 
but expect current volumes to grow. Programs for aging cheese are 
active as supplies build. Wholesale cheese prices are trending lower. 
Last week, the CME Group weekly average price preceded this week's 
$0.0325 reduction in the block and Munster price, along with a 
$0.0150 decline in the barrels. Swiss cheese prices are unchanged. 
According to the DMN National Retail Report-Dairy, for April 8-14 
2016, the Northeast weighted average advertised price for 8 oz. 
cheese blocks was $2.35, 7 cents below the national average, but 6 
cents higher than the previous week. The Southeast 8 oz. block cheese 
price was $2.82, up 80 cents from the previous week. Tuesday's CME 
Group daily cash prices saw barrels close at $1.4350, down $0.0075 
from a week ago; blocks closed at $1.4250, down $0.0250 from a week 
ago. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.8400-2.1250     
Process 5# Sliced                            : 1.6350-2.1150     
Muenster                                     : 1.8600-2.2100     
Grade A Swiss Cuts 10 - 14#                  : 2.9750-3.2975    

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