MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  May 25, 2016 (REPORT 21)                           


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Last week the CME Group cheese prices for both barrels and blocks 
moved higher. As a result, the Northeast wholesale market prices for 
40# cheddar and Muenster increased $0.0225, while the process 5# 
sliced price grew $0.0625. The Swiss cuts price remained unchanged. 
As milk production volumes strengthen in the Northeast, most cheese 
processors note substantial milk supplies moving to vats. Inventories 
continue to build around 6-7 day production schedules. Some wholesale 
market sources report orders as mostly steady, compared to a year ago.    
Leading into the Memorial Day holiday weekend, processed retail cheese 
sales are good, prompted by a fair rise in holiday retail promotions. 
According to the DMN National Retail Report-Dairy, for May 20-26, 
2016, the Northeast weighted average advertised price for 8 oz. cheese 
blocks was $2.26, 6 cents less than the national average price but 2 
cents more than a week ago. The Southeast 8 oz. block cheese price was 
$2.26, 36 cents more than the previous week. Tuesday's CME Group Daily 
cash prices saw barrels close at $1.3925, up $0.0425 from last week. 
Blocks closed at $1.3400, $0.0600 above a week ago. 
COLD STORAGE: According to NASS, U.S. stocks of total natural cheese 
as of April 30, 2016 totaled 1.214 billion pounds, 12% more than a 
year ago and 2% more than the previous month. Swiss cheese totaled 
24.6 million pounds, 2% more than a year ago, but unchanged from the 
previous month.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.7075-1.9925     
Process 5# Sliced                            : 1.5550-2.0350     
Muenster                                     : 1.7275-2.0775     
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