MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  July 13, 2016 (REPORT 28)                          


NORTHEAST WHOLESALE CHEESE:
 
Plants are maintaining full production schedules at most area cheese 
operations in the Northeast. Manufacturing milk receipts remain heavy 
although warmer temperatures in the Northeast are leading to marginal 
drops in milk intake volumes. Sales to retail and food service outlets 
have eased following the July 4 holiday period, as typical seasonal 
conditions affect demand. Inventories are adequate and building. The 
CME Group weekly average prices for cheese barrels and blocks 
continued to strengthen through last week. As a result, the Northeast 
wholesale prices for 40# cheddar and Muenster increased $0.0175 and 
prices for process 5# sliced increased $0.0600. The Grade A Swiss 
price is unchanged. According to the DMN National Retail Report-Dairy, 
for July 8-14, the Northeast weighted average advertised price for 8 
oz. cheese blocks was $2.36, 3 cents up from the national average, but 
10 cents down from a week ago. The Southeast 8 oz. block cheese price 
was $2.33, up 17 cents from last week's Southeast region price. 
Tuesday's CME Group daily cash prices saw barrels close at $1.7225, up 
$0.0525 from last week. Blocks closed at $1.6300, up $0.0350 from week 
ago prices. DAIRY PRODUCTS: According to NASS, U.S. total cheese 
production in May 2016 was 998.1 million pounds, 1.2% higher than a 
year ago and 0.7% above than the previous month. In the Atlantic 
region, total cheese production was 115.4 million pounds, 1.8% higher 
than a year ago, but 2.2% below than the previous month. The total 
cheese production and percentage change from one year ago for 
individual Eastern states are: New York 59.1 million pounds, +1.7%; 
Pennsylvania 33.8 million pounds, +2.3%; and Vermont 11.1 million 
pounds, +0.1%.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0050-2.2900     
Process 5# Sliced                            : 1.8875-2.3675     
Muenster                                     : 2.0250-2.3750     
Grade A Swiss Cuts 10 - 14#                  : 2.9650-3.2875     

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