MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  April 27, 2016 (REPORT 17)                         


NORTHEAST WHOLESALE CHEESE:                                      
                                                             
Cheese vats are processing cheese relative to seasonally heavy milk 
supplies. Manufacturers' inventories are growing as interest appears 
steady to fair. The market undertone is unsettled. Last week, the CME 
weekly average price increased fractionally. As a result, the 
Northeast wholesale cheese prices reflect slight upturns this week. 
Cheddar and Muenster increased $0.0025, and processed 5# prices rose 
$0.0050. The Grade A Swiss price is unchanged. According to the DMN 
National Retail Report-Dairy, for April 22-28 2016, the Northeast 
weighted average advertised price for 8 oz. cheese blocks was $2.30, 
2 cents less than the national average, but 4 cents higher than the 
previous week. The Southeast 8 oz. block cheese price was $2.63, down 
$1.16 from the previous week. Tuesday's CME Group daily cash prices 
saw barrels and blocks close at $1.3800, down $0.0400 and $0.0475, 
respectively, from a week ago. 
COLD STORAGE:  According to NASS, U.S. stocks of total natural cheese 
as of March 31, 2016 totaled 1.191 billion pounds, 11% more than a 
year ago and 1% more than the previous month. Swiss cheese totaled 
24.6 million pounds, unchanged from both a year ago and last month.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.8325-2.1175     
Process 5# Sliced                            : 1.6275-2.1075     
Muenster                                     : 1.8525-2.2025     
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