MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  February 1, 2017 (REPORT 05)                        


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Production in the Northeast is mostly steady. However, with falling 
cheese prices and an expected change in the Class III milk price, some 
cheese processors are not anxious to take extra milk. Retail sales are 
steady to slightly improved. Food services orders are mostly good this 
week. Overall, buying interest is fair to good, which is typical for 
the Super Bowl period. Some buyers are holding off on reordering until 
current stocks are re-evaluated. The cheese market is unsettled to 
weak. Last week the CME Group's weekly average prices for barrels and 
blocks cheese continued to decline. Hence, this week the Northeast 
wholesale cheese price for both cheddar and Muenster varieties slipped 
$0.0525. In addition, prices for process 5# sliced moved lower 
$0.1200. Prices for Grade A Swiss price are steady. Tuesday's CME 
Group daily cash prices saw barrels close at $1.5175, up $0.0375 from 
a week ago. Blocks closed at $1.7075, up $0.0675 from a week ago.
The DMN National Retail Report-Dairy, for January 27-February 2, 2017, 
noted the Northeast and Southeast weighted average advertised prices 
for 8 oz. cheese blocks were $2.08, 3 cents higher than the national 
average, with regional prices ranging $1.68-$2.50 and $2.00-$2.50, 
respectively. The Northeast average advertised price for 8 oz. cheese 
shreds was $2.43, 24 cents above the national average price, with a 
regional price range of $1.99-$3.00. In the Southeast, the average 
price for 8 oz. shreds was $2.10, 9 cents below the national average, 
with prices ranging $2.00-$3.00.


WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.1150-2.4000     
Process 5# Sliced                            : 1.6000-2.0800     
Muenster                                     : 2.1000-2.4500     
Grade A Swiss Cuts 10 - 14#                  : 3.0950-3.4175     

1100CT daniel@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