MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  May 03, 2017 (REPORT 18)                           


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
East region cheese makers report that milk receipts are steady which 
corresponds to mostly unchanged production schedules. Slower cheese 
demand has some buyers mindful of making large purchases. An impending 
matter is who wants to add cheese stocks at current prices. Movement 
is primarily steady, with adequate to ample cheese available for the 
slow to mostly fair buying interest. As such, process sales are more 
moderate. Mozzarella demand is soft and supplies are building. Food 
service orders are picking up as restaurants prepare for anticipated 
Mother's Day needs. With reports of the recent rise in global pricing, 
the likelihood for stronger U.S. cheese exports could possibly 
develop. This week, a cooperative export assistance program accepted 
requests for export assistance to sell 496,836 pounds (224 metric 
tons) of cheese. At the CME Group, the weekly average prices moved 
higher for barrel and block cheeses in an unsettled market. As a 
result, this week the wholesale selling price for block and Muenster 
added 4 cents, while process 5# sliced cheese increased a penny. The 
Grade A Swiss cuts 10-14# price is unchanged. Tuesday's CME Group 
daily cash prices saw barrels close at $1.4150, down $0.0125 from a 
week ago; blocks closed at $1.4800, down $0.0725 from a week ago. 
The DMN National Retail Report-Dairy, for April 28-May 4, 2017, noted 
the Northeast weighted average advertised price for 8 oz. cheese 
blocks was $2.16, 15 cents above the national average, with prices 
ranging $1.77-$3.00. The Southeast 8 oz. block average price was 
$1.91, down 41 cents from the previous week, with prices ranging 
$1.67-$2.19 in the region. The Northeast average advertised price for 
8 oz. cheese shreds was $2.15, 7 cents above the national average 
price, with prices ranging $1.77-$3.00. In the Southeast, the average 
price for 8 oz. shreds was $2.05, 7 cents below the previous week, 
with prices ranging $1.67-$2.49 in the region. The DMN Northeast April 
2017 monthly average price for cheddar blocks is $2.0844, compared to 
$1.9887 one year ago. Processed 5# sliced average price is $1.8038, 
compared to $1.8754 one year ago. The CME Group April 2017 monthly 
average price for barrels was $1.4307, compared to $1.4231 a year ago; 
blocks' average price was $1.4976, up from $1.4194 a year ago.

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 1.9900-2.2750     
Process 5# Sliced                            : 1.5600-2.0400     
Muenster                                     : 1.9750-2.3250     
Grade A Swiss Cuts 10 - 14#                  : 3.3100-3.6325                                                                      


1100CT daniel.johnson@ams.usda.gov  608.422.8605
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