MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  April 12, 2017 (REPORT 15)                         

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Cheese production is strong in the Northeast. With high milk 
availability, cheese facilities are able to take in as much as they 
can to fulfill production needs. Cheese inventories continue to build. 
Mozzarella interest is moderate, and the overall cheese supply might 
be overshadowing demand. The market tone is unsettled. Last week at 
the CME Group, barrel cheese weekly averages increased $0.0550 and 
block weekly averages increased $0.0250. With the result of the weekly 
averages, there is an upward shift in the East wholesale cheese prices 
for blocks, process slices and Muenster. The Grade A Swiss price 
declined $0.0700 following the release of the Announcement of Class and 
Component Prices. Tuesday's CME Group daily cash prices saw barrels 
close at $1.4275, down $0.0525 from a week ago; blocks closed at 
$1.4600, down $0.0600 from a week ago. The DMN National Retail Report-
Dairy, for April 7-13, 2017, noted the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.18, 7 cents above the 
national average, with a regional price range of $1.99-$3.50. The 
Southeast 8 oz. block average price was $2.15, 4 cents above the 
national average, with a regional price range of $1.99-$2.50. The 
Northeast average advertised price for 8 oz. cheese shreds was $2.32, 
9 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 $2.22, 1 cent below the national average, with prices ranging 
$1.99-$2.50. DAIRY PRODUCTS: According to NASS, U.S. total cheese 
production in February 2017 was 941.7 million pounds, 1.4% lower than 
a year ago, and 9.9% lower the previous month. In the Atlantic region, 
total cheese production was 119.2 million pounds, 0.2% higher than a 
year ago, but 10.7% lower than the previous month. The total cheese 
production and percentage changes from one year ago for individual 
Eastern states, New York 66.0 million pounds, -0.9%; Pennsylvania 31.0 
million pounds, -0.6%; Vermont 11.0 million pounds, +6.4%, and New 
Jersey 4.2 million pounds, -5.6%. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.9575-2.2425     
Process 5# Sliced                            : 1.5975-2.0775     
Muenster                                     : 1.9425-2.2925     
Grade A Swiss Cuts 10 - 14#                  : 3.3100-3.6325                                         

1100CT Jessica.Mueller@ams.usda.gov 608.422.8589
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