MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  June 21, 2017 (REPORT 25)                          


NORTHEAST WHOLESALE CHEESE:                                      

Milk supply volumes moving into regional cheese plants are sustaining 
those plants' full production schedules. Sources indicated that current 
production rates are likely to continue, pending the restart of school, 
which typically reroutes milk back to Class I processing. Consequently, 
cheese stocks continue to build at some facilities. Opportunities for 
international trading are higher as some of those markets are becoming 
less competitive. Domestic demand is moderate to light, depending on the 
cheese variety, as mozzarella sales tick lower than last year's levels at 
this time according to some area producers. Northeast wholesale cheese 
prices for cheddar and Muenster shifted lower $0.0200 and the process 
cheese price declined $0.0250. Grade A Swiss is unchanged. The market 
undertone conveys weakness. Based on the recent CME closings, the block 
and barrel price spread grew to $0.2600 yesterday. Tuesday's CME Group 
daily cash prices saw barrels close at $1.3375, down $0.0775 from a week 
ago, and blocks closed at $1.5975, down $0.0325 from a week ago. 
The DMN National Retail Report-Dairy, for June 16-22, 2017, noted the 
Northeast weighted average advertised price for 8 oz. cheese blocks was 
$2.19, 13 cents below last week's regional price and 11 cents below the 
national average price. Northeast retail prices range $1.77-$2.99. 
The Southeast weighted average price for 8 oz. block was $2.51, down 2 
cents from the previous week, but up 21 cents over the national average 
price. Surveyed retail prices for the region ranged $2.00-$3.50. 
The Northeast average advertised price for 8 oz. cheese shreds was $2.15, 
down 29 cents from last week and 10 cents below the national average 
price. Regional prices ranged $1.49-$2.79. In the Southeast, the average 
price for 8 oz. shreds was $2.28, a 3 cents increase from the previous 
week, with prices ranging $1.49-$2.50. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0675-2.3525     
Process 5# Sliced                            : 1.5600-2.0400     
Muenster                                     : 2.0525-2.4025     
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-
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