MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  May 31, 2017 (REPORT 22)                           

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Northeastern cheese production is strong. Some manufacturers are 
running at full capacity to manage high levels of milk intakes. Cheese 
output is abundant and building balanced to long inventories. 
Northeast wholesale selling prices for cheddar and Muenster increased 
$0.0225, but the process 5# cheese price shifted lower, $0.0200. The 
Grade A Swiss cheese price is unchanged. Trading activity is steady to 
increasing. Interest is quite strong as the warmer weather is upon us, 
and June Dairy Month approaching. With the United States cheddar 
cheese prices below the global market, export sales are steady to 
improving. The market undertone is stable to improving. This week, a 
cooperative export assistance program accepted 25 requests for export 
assistance to sell 3.536 million pounds (1,604 metric tons) of cheese. 
Tuesday's CME Group daily cash prices saw barrels close at $1.5400, up 
$0.0675 from a week ago, and blocks closed at $1.7300, up $0.0850 from 
a week ago. The DMN National Retail Report-Dairy, for May 26 to June 
01, 2017, noted the Northeast weighted average advertised price for 8 
oz. cheese blocks was $2.14, 5 cents below last week's price, but 7 
cents above the national average price. Northeast retail prices range 
$1.59-$3.50. The Southeast 8 oz. average block price was $2.12, up 5 
cents from the national average price, but down 38 cents from the 
previous week, with surveyed retail prices ranging $1.67-$2.50 in the 
region. The Northeast average advertised price for 8 oz. cheese shreds 
was $2.41, 22 cents above the national average price, with prices 
ranging $1.99-$3.00. In the Southeast, the average price for 8 oz. 
shreds was $2.12, a 13 cent drop from the previous week, with prices 
ranging $1.67 -$2.50. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.1425-2.4275     
Process 5# Sliced                            : 1.6200-2.1000     
Muenster                                     : 2.1275-2.4775     
Grade A Swiss Cuts 10 - 14#                  : 3.3225-3.6450     


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