MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  October 26, 2016 (REPORT 43)                       

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Cheese production continues at a pace comparable to last week. 
Additional demand for fluids from Class II accounts, for holiday 
production needs, bear on some plants' milk supplies. Cheese 
stocks are mostly current with good demand for mozzarella, aged 
cheddar, and cream cheese. Sales transactions are steady. Cream 
cheese is progressing into typical heavy fall production. The 
market undertone is unsettled. Last week, the CME Groups weekly 
average blocks and barrels cheese prices surged $.1250 and 
$.1025, respectively. As a result, this week Northeast wholesale 
cheese prices are higher, excluding Swiss cuts, which are 
unchanged from the last week. Tuesday's CME Group daily cash 
prices saw barrel cheese close at $1.5600, down 5 cents from a 
week ago and cheese blocks close at $1.6375, down $0.0425 from 
the previous Wednesday. The DMN National Retail Report-Dairy, 
for October 21-27, 2016, noted the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.28, down 4 cents 
compared to national average, but 3 cents more than the previous 
week. The Southeast 8 oz. block cheese price was $2.31, dropping 
52 cents from last week. The Northeast advertised price for 8 
oz. cheese shreds was $2.30, 4 cents above the national average 
price and 4 cents more than the previous week. In the Southeast, 
the average price for 8 oz. shred cheese was $2.25 down 20 cents 
from last week. 
COLD STORAGE:  According to NASS, U.S. stocks of total natural 
cheese as of September 30, 2016 totaled 1.238 billion pounds, 
unchanged from the previous month, but 7% more than a year ago. 
Swiss cheese totaled 25.2 million pounds, 14% more than a year 
ago, but down 3% from last month.  

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0525-2.3375     
Process 5# Sliced                            : 1.7675-2.2475     
Muenster                                     : 2.0375-2.3875     
Grade A Swiss Cuts 10 - 14#                  : 3.1425-3.4650     

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