MD_DA810 DA MD DA810 Cheese - Northeast MADISON, WI. May 18, 2016 (REPORT 20) NORTHEAST WHOLESALE CHEESE: The CME Group weekly average block and barrel prices are trending lower, as prices have dipped three consecutive weeks. Accordingly, this week wholesale selling prices for 40# cheddar and Muenster decreased $0.0475 and process 5# sliced decreased $0.0550. Swiss cuts prices are unchanged. In general, cheese manufacturing duplicates continuing increases in area milk production. Swiss cheese production in the Northeast has increased and cheese makers are building stocks. Mozzarella and provolone inventories are building, as current demand is good, but expected to decline with the completion of the school year approaching. Leading up to Memorial Day, cream cheese output is steady to increasing. According to the DMN National Retail Report- Dairy, for May 13-19, 2016 the Northeast weighted average advertised price for 8 oz. cheese blocks was $2.24, 12 cents more than the national average price and 9 cents more than a week ago. The Southeast 8 oz. block cheese price was $1.90, 29 cents less than the previous week. Tuesday's CME Group Daily cash prices saw barrels close at $1.3500, up $0.0600 from last week. Blocks closed at $1.2800, $0.0075 higher than a week ago. WHOLESALE SELLING PRICES: DELIVERED, DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS) Cheddar 40# Block : 1.6850-1.9700 Process 5# Sliced : 1.4925-1.9725 Muenster : 1.7050-2.0550 Grade A Swiss Cuts 10 - 14# : 2.9850-3.3075 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