MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  October 5, 2016 (REPORT 40)                       


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Milk supplies are adequate for increased cheese production in 
the Northeast. Plants are running full. Reports suggest milk 
that typically dispatches to southeastern dairies will not move 
that direction, the results of expected storm conditions that 
will likely create delivery problems. Those volumes may possibly 
add to cheese processors' milk intakes as surplus loads are made 
available. Cheese inventories are sufficient and building. Food 
service and retail demands remain steady. A cooperative export 
assistance program accepted requests for export assistance to 
sell 1.601 million pounds (726 metric tons) of cheese this week. 
Daily market transactions convey a mixed undertone, as prices 
overall inch lower. This week, the Northeast cheese wholesale 
selling price for cheddar blocks and Muenster decreased $0.0425. 
Process 5# prices moved lower $0.0225. Grade A Swiss cheese 
prices are unchanged. The Northeast September 2016 monthly 
average price for cheddar blocks was $2.2135, compared to 
$2.2148 one year ago. Processed 5# sliced average price was 
$2.0325, compared to $2.0580 the previous year. Tuesday's CME 
Group daily cash prices saw barrel cheese close at $1.4775, up 
$0.0175 from the previous week, and blocks closed at $1.5325, 
down $0.0025 from a week ago. The CME Group September 2016 
monthly average price for barrels was $1.5415, down from $1.5840 
a year ago; blocks' average price was $1.6224, down from $1.6605 
the previous year. According to the DMN National Retail Report-
Dairy, for September 30-October 6, 2016, the Northeast weighted 
average advertised price for 8 oz. cheese blocks was $2.31, 4 
cents greater than the national average and 14 cents more than 
the previous week. The Southeast 8 oz. block cheese price was 
$2.50, up 25 cents from last week's average. The Northeast 
advertised price for 8 oz. cheese shreds was $2.21, 10 cents 
below the national average price. In the Southeast, the average 
price for 8 oz. shredded cheese was $2.54, up 36 cents from last 
week.

 
WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.9350-2.2200     
Process 5# Sliced                            : 1.6800-2.1600     
Muenster                                     : 1.9200-2.2700     
Grade A Swiss Cuts 10 - 14#                  : 2.9175-3.2400     


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