MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  August 24, 2016 (REPORT 34)                        

NORTHEAST WHOLESALE CHEESE: 
                                     
The market is tight around this time of year with fluid milk 
tightening and supplies down. Some cheese plants are operating as best 
they can with the given milk levels. While students return to school, 
it has been difficult to fill cheese orders that have been coming in. 
Suppliers have been routing milk to areas of the nation with low 
supplies, like the Southeast, moving more to fluid and less to cheese 
vats. Manufacturers' cheese stocks remain balanced to tight. Northeast 
prices for process cheese and Muenster shifted lower, $0.0125, and block 
cheese prices moved higher, $0.0250. The Grade A Swiss price did not 
change from last week. According to NASS Cold Storage, U.S. stocks of 
total natural cheese as of July 31, 2016 totaled 1.276 billion pounds, 
2% more than the previous month, and 10% more than the last year. 
Swiss cheese totaled 25.7 million pounds, 19% more than a year ago, 
and 5% more than last month. According to the DMN National Retail 
Report-Dairy, for August 19-25, the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.14, $0.02 more than 
the national average, but 9 cents lower than a week ago. The Southeast 
8 oz. block cheese price was $2.32, unchanged from the previous week. 
The advertised price for 8 oz. shredded cheese in the Northeast is 
$2.36, 7 cents more than the national average price. In the Southeast, 
the average advertised price for 8 oz. shredded cheese is $2.24, down 
19 cents from last week. Tuesday's CME Group daily cash prices saw 
barrels close at $1.8650, no change from a week ago; blocks closed at 
$1.8450, up $0.0650 from a week ago.  
                                                          
WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.2225-2.5075     
Process 5# Sliced                            : 2.0650-2.5450     
Muenster                                     : 2.2075-2.5575     
Grade A Swiss Cuts 10 - 14#                  : 2.8650-3.1875     

1100CT Daniel.Kim@ams.usda.gov
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