MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  May 17, 2017 (REPORT 20)                           


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
A strong milk supply continues to factor into generous cheese 
production volumes for regional cheese processors. While sales into 
food service appear somewhat mixed, retail orders have improved 
seasonally in area markets. Nonetheless, cheese supplies are 
increasing with heightened production rates. Global markets should 
provide some respite as higher international prices equate to a 
competitive price advantage that drives stronger sales of U.S. cheddar 
stocks into various export channels. This week, a cooperative export 
assistance program accepted eight requests for export assistance to 
sell 930,351 pounds (422 metric tons) of cheese. Prompted by the CME 
Group weekly average cheese prices, Northeast wholesale selling prices 
for cheddar and Muenster advanced $0.1075, and the process 5# cheese 
price moved higher, $0.0725. The Grade A Swiss cheese price is 
unchanged. Tuesday's CME Group daily cash prices saw barrels close at 
$1.5400, up $0.0800 from a week ago, and blocks closed at $1.6700, up 
$0.0800 from a week ago. The DMN National Retail Report-Dairy, for May 
12-18, 2017, noted the Northeast weighted average advertised price for 
8 oz. cheese blocks was $2.31, 9 cents above last week's price and 6 
cents above the national average price. Northeast retail prices range 
$1.62-$3.99. The Southeast 8 oz. average block price was $2.26, down 5 
cents from the national average price and down 13 cents from the 
previous week, with surveyed retail prices ranging $1.99-$2.50 in the 
region. The Northeast average advertised price for 8 oz. cheese shreds 
was $2.48, 17 cents above the national average price, with prices 
ranging $1.69-$3.49. In the Southeast, the average price for 8 oz. 
shreds was $2.29, a 7 cent drop from the previous week, with prices 
ranging $1.99 -$2.50. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0725-2.3575     
Process 5# Sliced                            : 1.6300-2.1100     
Muenster                                     : 2.0575-2.4075     
Grade A Swiss Cuts 10 - 14#                  : 3.3225-3.6450       
                                                               

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