MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  June 28, 2017 (REPORT 26)                          


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Eastern cheese manufacturers are not seeing any notable departures from 
the previous week's production rates. Milk supplies are fairly stable at 
adequate levels. Interest for natural and process cheeses is somewhat 
quiet. Sources report some movement on Swiss cheese, as the July 4 holiday 
approaches. Cheddar cheese interest is slow to fair, catering   generally 
to replacement needs. Inventories are growing. In continuing the downward 
trend, Northeast wholesale cheese markets for both cheddar and Muenster 
dipped $0.0600, and the process market price weakened $0.0525. Swiss 
prices are steady. At Tuesday's CME Group daily cash trading barrel cheese 
closed at $1.3675, up $0.0300 from a week ago while block cheese ended the 
day at $1.5250, down $0.0725 from a week ago. This week, a cooperative 
export assistance program accepted ten requests for export assistance to 
sell 1.695 million pounds (769 metric tons) of cheese. The DMN National 
Retail Report-Dairy, for June 23-29, 2017, noted the Northeast weighted 
average advertised price for 8 oz. cheese blocks was $2.17, 2 cents below 
last week's regional price and 24 cents below the national average price. 
Northeast retail prices ranged $1.88-$2.99. The Southeast weighted average 
price for 8 oz. block was $2.82, up 31 cents from last week and up 41 
cents over the national average price. Surveyed retail prices for the 
region ranged $1.88-$3.50. The Northeast average advertised price for 8 
oz. cheese shreds was $2.29, up 14 cents from last week, but 2 cents below 
the national average price as regional prices ranged $1.77-$2.99. 
Southeast's average price for 8 oz. shreds advertised at $2.37, a 9 cents 
increase from the previous week, with prices ranging $1.88-$2.50. 
COLD STORAGE:  According to NASS, U.S. stocks of natural cheese as of May 
31, 2017 totaled 1.3 billion pounds, 1 percent higher than the previous 
month and up 7 percent from a year ago. Swiss cheese totaled 26.2 million 
pounds, down 3 percent from last month, but up 5 percent from one year 
ago. Regionally, in New England, stocks in all warehouses for American 
cheese totaled 67.3 million pounds, 6 percent more than May 31, 2016. The 
Mid-Atlantic region totaled 84.2 million pounds in stocks, down 9 percent 
from last year.

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0075-2.2925     
Process 5# Sliced                            : 1.5075-1.9875     
Muenster                                     : 1.9925-2.3425     
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