MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  November 9, 2016 (REPORT 45)                      


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Milk supplies into cheese production are sufficient as a few 
manufacturers report a small slide in their intakes. Current 
production levels are generally steady for end-of-year holiday 
orders. Demand is good for cream cheese, mozzarella and aged 
cheddar. Inventories are sufficient for near term commitments.
Last week, the CME Group's weekly average blocks and barrels 
cheese prices posted significant increases. As a result, this 
week, Northeast wholesale cheese prices for blocks and Muenster 
are $.1675 higher, while prices for processed 5# sliced soared 
$.2100. The Grade A Swiss price rose $0.1850 from last month, a 
result of adjustments to the Class III component prices. The 
Northeast October 2016 monthly average price for cheddar blocks 
is $2.1114, compared to $2.2049 one year ago. Processed 5# 
sliced average price is $1.9424 compared to $2.0549 one year 
ago. The CME Group October 2016 monthly average price for 
barrels was $1.8239, compared to $2.4757 a year ago; blocks' 
average price was $1.6035, up from $1.6674 a year ago. Tuesday's 
CME Group daily cash prices saw barrel cheese close at $1.8600, 
increasing 13 cents from a week ago. The block cheese price 
ended the day at $1.9325, rising $0.1325 above the previous 
Tuesday's close. The DMN National Retail Report-Dairy, for 
November 4-11, 2016, noted the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.24, up 12 cents 
compared to the national average, but 6 cents more than the 
previous week. The Southeast 8 oz. block cheese price was $2.14, 
down 35 cents from last week. The Northeast advertised price for 
8 oz. cheese shreds was $2.33, 14 cents above the national 
average price and 3 cents up from the previous week. In the 
Southeast, the average price for 8 oz. shred cheese was $2.05, 
down 44 cents from last week. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.2300-2.5150     
Process 5# Sliced                            : 1.9750-2.4550     
Muenster                                     : 2.2150-2.5650     
Grade A Swiss Cuts 10 - 14#                  : 3.3275-3.6500    


The Foreign Agricultural Service (FAS) reports that September 
2016 U.S. cheese and curd exports totaled 48.6 million pounds, a 
1% decline from a year ago.


2016 U.S. Cheese and Curd Exports (USDA-FAS)

                 2016 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

September Total      48.6            -  1

TOTAL, JAN - SEP    460.0            - 15
 1 Mexico           144.1            -  5
 2 South Korea       66.6            - 36
 3 Japan             44.7            - 26
 4 Australia         24.8            - 20
 5 Canada            20.6            -  1


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