MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  August 10, 2016 (REPORT 32)                        


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Northeast cheese production remains moderately active, as milk supply 
volumes inch lower with regional farm milk output. Manufacturers are 
expecting increases in production schedules to meet the forthcoming 
school year demand of food service sectors. Inventories are mostly 
balanced. Northeast cheese prices for cheddar and Muenster advanced 
$.0450, and process cheese prices shifted upward $0.0475. The Grade A 
Swiss price dropped $0.1000, resulting from adjustments to the Class 
III component prices. The DMN National Retail Report-Dairy, for August 
5-11, the weighted average advertised price for 8 oz. cheese blocks in 
the Northeast was $2.11, 3 cents less than the national price, but 4 
cents more than the previous report. The Southeast 8 oz. block cheese 
price was $2.37, 23 cents more than two weeks ago. The weighted 
average price for 8 oz. shredded cheese in the Northeast was $2.26, 3 
cents less than the national price and 6 cents less than the previous 
week.  The Southeast 8 oz. shredded cheese price was $2.48, 16 cents 
more than the previous week. According to NASS Dairy Products, U.S. 
total cheese production in June 2016 was 987.4 million billion pounds, 
1.1% higher than a year ago, but 1.5% lower than the previous month. 
In the Atlantic region, total cheese production was 119.6 million 
pounds, 1.3% higher than a year ago and 3.3% above the previous month. 
The total cheese production and percentage changes from one year ago 
for individual Eastern states are, New York 63.2 million pounds, 
+0.9%; Pennsylvania 34.1, +1.0%; Vermont 10.3, +0.3%, and New Jersey 
5.3 million pounds, 8.3%. Tuesday, at the CME Group, cheese barrels 
closed at $1.8800, up $0.0800 from last week. Cheese blocks closed at 
$1.8050, up $0.0450 from last week's prices. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.1675-2.4525     
Process 5# Sliced                            : 2.0225-2.5025     
Muenster                                     : 2.1900-2.5400     
Grade A Swiss Cuts 10 - 14#                  : 2.8650-3.1875     


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