MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  November 16, 2016 (REPORT 46)                      


NORTHEAST WHOLESALE CHEESE:
                                      
With available milk supplies, cheese production continues at a 
high rate as some plants run full schedules, while continuing  
to monitor inventory levels. Food service demand remains strong. 
Retail cheese promotions increased ahead of the Thanksgiving 
holiday to further sales. Active spot market trading prompted by 
strong holiday seasonal demand boosted the CME Group weekly 
average blocks and barrels cheese prices. As a result, this week 
the Northeast wholesale cheese prices for cheddar and Muenster 
jumped $.0950 and the process 5# sliced cheese price advanced 
$0.0425. Grade A Swiss is unchanged. Tuesday's CME Group daily 
cash prices saw barrel cheese close at $1.7025, down $0.1575 
from a week ago. Block cheese ended the day at $1.8850, down 
$0.0475 from the previous Tuesday's close. The DMN National 
Retail Report-Dairy, for November 11-17, 2016, noted the 
Northeast weighted average advertised price for 8 oz. cheese 
blocks was $2.14, up 9 cents compared to the national average, 
but 10 cents below than the previous week. Southeast 8 oz. block 
cheese price was $2.07, down 7 cents from last week. The 
Northeast advertised price for 8 oz. cheese shreds was $2.18, 9 
cents above the national average price but 15 cents below the 
previous week. In the Southeast, the average price for 8 oz. 
shred cheese was $1.87, down 18 cents from last week. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.3250-2.6100     
Process 5# Sliced                            : 2.0175-2.4975     
Muenster                                     : 2.3100-2.6600     
Grade A Swiss Cuts 10 - 14#                  : 3.3275-3.6500                                                                      

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