MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  July 27, 2016 (REPORT 30)                          


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Milk supplies to cheese plants are decreasing seasonally with some 
areas noting stronger declines due to recent spells of heat and 
humidity. Cheddar programs for aging are maintaining mostly steady 
production schedules. Mozzarella demand from pizza is fair to good.
Manufacturing inventories are adequate for near-term commitments.
The market undertone is unsettled. According to the DMN National 
Retail Report-Dairy, for July 22-28, the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.00, 13 cents below the 
national average and 22 cents below the previous week's Northeast 
price. The Southeast 8 oz. block cheese price was $1.98, down 33 cents 
from last week's Southeast price. The CME Group's daily cash cheese 
price continues to trend higher. Last week, the weekly average block 
and barrel prices climbed $0.0395 and $0.0280, respectively. This 
week, Northeast wholesale prices reflect those increases, with the 
exception of Swiss Cuts. Tuesday, at the CME Group, cheese barrels 
closed at $1.7750, up $0.0200 from last week, while blocks closed at 
$1.7050, up $0.0250 from week ago prices. 
COLD STORAGE:  According to NASS, U.S. stocks of total natural cheese 
as of June 30, 2016 totaled 1.252 billion pounds, 10% more than the 
previous year, but unchanged from last month. Swiss cheese totaled 
24.5 million pounds, 17% more than a year ago, but down 2% from last 
month.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0825-2.3675     
Process 5# Sliced                            : 1.9575-2.4375     
Muenster                                     : 2.1025-2.4525     
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