MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  November 2, 2016 (REPORT 44)                       


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Cheese production is steady as manufacturers maintain full 
operating schedules with available milk volumes. Spot milk 
availability is limited in the region. Cheese orders are steady 
to increasing from retail buyers looking to add to supplies 
ahead of the year-end holidays. Manufacturers are cautious not 
to expand projected needs to far ahead of current orders. As 
cream moves north, cream cheese manufacturers seeking surplus 
cream loads note at tight market. While additional cream is 
expected to be available later in the week, manufacturers are 
capable of filling heavy seasonal cream cheese orders at this 
time. Last week, the CME Groups weekly average blocks and 
barrels cheese prices, compared to the previous week, were 
mixed. As a result, this week Northeast wholesale cheese prices 
for blocks and Muenster are incrementally higher, but processed 
5# sliced prices moved fractionally lower. Prices for Grade A 
Swiss cuts are steady. Tuesday's CME Group daily cash prices saw 
barrel cheese close at $1.7300, increasing 17 cents from a week 
ago. The block cheese price ended the day at $1.8000, an 
increase of $0.1625 over last Tuesday. The DMN National Retail 
Report-Dairy, for October 28-November 3, 2016, noted the 
Northeast weighted average advertised price for 8 oz. cheese 
blocks was $2.18, down 7 cents compared to the national average 
and 10 cents less than the previous week. The Southeast 8 oz. 
block cheese price was $2.49, up 18 cents from last week. The 
Northeast advertised price for 8 oz. cheese shreds was $2.30, 8 
cents above the national average price, but unchanged from the 
previous week. In the Southeast, the average price for 8 oz. 
shred cheese was $2.49 up 24 cents from last week. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0625-2.3475     
Process 5# Sliced                            : 1.7650-2.2450     
Muenster                                     : 2.0475-2.3975     
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