MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  May 04, 2016 (REPORT 18)  

There is a plentiful supply of milk throughout the Northeast this 
week, keeping cheese producers very busy. Many manufacturers report 
only minor issues moving cheese and are happy with current sales. 
Even though cheese production continues to increase, some processors 
report having comfortable inventory levels and show little to no 
concern about building stocks. As the summer months are quickly 
approaching, there is less interest in mozzarella and processed 
cheese varieties while cheddar and American type cheeses are seeing 
increases in sales. Northeast cheese prices for cheddar and Muenster 
shifted lower, $.0475, and process cheese prices moved lower $0.0250. 
The Grade A Swiss price is unchanged. This week, a cooperative export 
assistance program accepted requests for 1.232 million pounds of 
cheese. According to the DMN National Retail Report-Dairy, for April 
29-May 5, the Northeast weighted average advertised price for 8 oz. 
cheese blocks was $2.24, 8 cents less than the national average and 6 
cents less than a week ago.  The Southeast 8 oz. block cheese price 
was $2.53, 10 cents less than the previous week.  The April 2016 
monthly average price for Northeast cheddar blocks is $1.9887, 
compared to $2.1153 one year ago. Processed 5# sliced average price 
is $1.8754, compared to $2.0603 one year ago. The CME Group April 
2016 monthly average price for barrels was, $1.4231, compared to 
$1.6135 a year ago; blocks' average price was $1.4194, down from 
$1.5890 a year ago.  Tuesday's CME Group Daily cash prices saw 
barrels close at $1.3700, down $0.0100 from last week. Blocks closed 
at $1.3400, $0.0400 lower than a week ago. 
                               
WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.7850-2.0700     
Process 5# Sliced                            : 1.6025-2.0825     
Muenster                                     : 1.8050-2.1550     
Grade A Swiss Cuts 10 - 14#                  : 2.9750-3.2975     


1100CT Amy.L.Schmitz@ams.usda.gov 608.557.7004
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