MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  August 31, 2016 (REPORT 35)                        


NORTHEAST WHOLESALE CHEESE:                                      

Cheese manufacturers in the Northeast report that steady drops 
in milk supplies are lowering production levels. Domestic cheese 
sales are good in both wholesale and retail sectors. Processors 
are set on building cut cheese stocks, for strong fall seasonal   
contract needs. Inventories, in general, are adequate. Market 
undertone is weak, with a significant drop in prices noted over 
the past week. The Northeast wholesale cheese prices for cheddar 
blocks and Muenster continue to decline, as prices moved lower 
$0.0300. Processed 5# sliced prices dropped significantly, 
$0.0775. The Grade A Swiss price is steady, but the market 
anticipates changes with release of August Class prices later 
this week. According to the DMN National Retail Report-Dairy, 
for August 26-September 1, 2016 the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.23, $0.06 more 
than the national average and $0.09 cents higher than a week 
ago. The Southeast 8 oz. block cheese price was $2.21, down 
$0.11 from the previous week. The advertised price for 8 oz. 
shredded cheese in the Northeast is $2.39, $0.09 cents more than 
the national average price. In the Southeast, the average price 
for 8 oz. shredded cheese is $2.29, up $0.05 cents from last 
week. Tuesday's CME Group daily cash prices saw barrels close at 
$1.6250, down $0.2400 from a week ago; blocks closed at $1.7100, 
down $0.1350 from a week ago.  
                                                          
WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.1925-2.4775     
Process 5# Sliced                            : 1.9875-2.4675     
Muenster                                     : 2.1775-2.5275     
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