MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  June 14, 2017 (REPORT 24)                          


NORTHEAST WHOLESALE CHEESE: 

Cheese production is steady. Supplies remain fully adequate to ample. The 
closing of schools is pushing extra milk volumes back into manufacturing. 
Many plants are watching stocks while maintaining production efficiencies, 
as stocks are heavier than year ago levels, but manageable. Interest in 
general, is somewhat lackluster and irregular, but there is a slight pick-
up in the demand for process in areas. Buyers are having little difficulty 
in acquiring needed supplies of regular varieties, though normal lead 
times are needed for specialties. Cheese yields are trending lower. The 
market undertone is steady. This week, a cooperative export assistance 
program accepted requests for export assistance to sell 548,951 (249 
metric tons) pounds of cheese.
Tuesday's CME Group daily cash prices saw barrels close at $1.4150, down 
$0.0100 from a week ago, and blocks closed at $1.6300, down $0.0350 from a 
week ago. The DMN National Retail Report-Dairy, for June 9-15, 2017, noted 
the Northeast weighted average advertised price for 8 oz. cheese blocks 
was $2.32, 1 cent below last week's price and 9 cents below the national 
average price. Northeast retail prices range $1.43-$3.00. The Southeast 
weighted average price for 8 oz. block was $2.53, up 32 cents from the 
previous week and up 12 cents from the national average price. Surveyed 
retail prices for the region ranged $2.00-$3.00. The Northeast average 
advertised price for 8 oz. cheese shreds was $3.99, $1.62 above the 
national average price. In the Southeast, the average price for 8 oz. 
shreds was $3.85, a $2.03 increase from the previous week, with prices 
ranging $3.48-3.99. 


WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0875-2.3725     
Process 5# Sliced                            : 1.5850-2.0650     
Muenster                                     : 2.0725-2.4225     
Grade A Swiss Cuts 10 - 14#                  : 3.2000-3.5225     


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