MD_DA810 DA MD DA810 Cheese - Northeast MADISON, WI. December 7, 2016 (REPORT 49) NORTHEAST WHOLESALE CHEESE: Cheese production is active as processors operate full schedules to accommodate available milk supplies. Cheese makers continue to see good domestic retail and food service demand. Supplies 9are adequate for the near-term. The market undertone is steady. The DMN National Retail Report-Dairy, for December 2-8, 2016, noted the Northeast weighted average advertised price for 8 oz. cheese blocks was $2.13, 12 cents lower than the national average, with a regional price range of $1.49-$3.50. The Southeast 8 oz. block average price was $2.29, 4 cents above the national average, with a regional price range of $1.49-$2.50. The Northeast average advertised price for 8 oz. cheese shreds was $2.22, 10 cents below the national average price, with a regional price range of $1.66-$2.50. In the Southeast, the average price for 8 oz. shred cheese was $2.43, with a price range of $1.94- $2.50. The Northeast wholesale cheese prices for cheddar and Muenster declined $.1000, and the process 5# sliced cheese price dropped $0.0750. The Northeast November 2016 monthly average price for cheddar blocks is $2.3841, compared to $2.1620 one year ago. Processed 5# sliced average price is $2.1588, compared to $1.9936 one year ago. The Grade A Swiss price declined $0.0575 following the release of the Announcement of Class and Component Prices. The CME Group November 2016 monthly average price for barrels was $1.7424, compared to $1.5305 a year ago; blocks' average price was $1.8775, up from $1.6176 a year ago. Tuesday's CME Group daily cash prices saw barrel cheese close at $1.5925, down $0.0625 from a week ago. Block cheese closed Tuesday at $1.7325, down $0.0475 from a week ago. DAIRY PRODUCTS: According to NASS, U.S. total cheese production in October 2016 was 1.0 billion pounds, 0.5% higher than a year ago and 4.8% above the previous month. In the Atlantic region, total cheese production was 133.4 million pounds, 5.0% lower than a year ago, but 6.6% above last month. The total cheese production in million pounds and percentage changes from a year ago for selected Eastern states are, New Jersey 5.5, -3.3; New York 74.0, unchanged; Ohio 18.0, -4.2; Pennsylvania 35.2, -16.6%; and Vermont 11.7, +1.6%. WHOLESALE SELLING PRICES: DELIVERED, DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS) Cheddar 40# Block : 2.1925-2.4775 Process 5# Sliced : 1.8375-2.3175 Muenster : 2.1775-2.5275 Grade A Swiss Cuts 10 - 14# : 3.2700-3.5925 The Foreign Agricultural Service (FAS) reports that October 2016 U.S. cheese and curd exports totaled 54.7 million pounds, a 5% increase from a year ago. 2016 U.S. Cheese and Curd Exports (USDA-FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago October Total 54.7 + 5 TOTAL, JAN - OCT 514.7 - 13 1 Mexico 161.1 - 4 2 South Korea 74.9 - 32 3 Japan 49.0 - 25 4 Australia 27.6 - 19 5 Canada 23.5 - 2 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