MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  July 19, 2017 (REPORT 29)                          


NORTHEAST WHOLESALE CHEESE:                                      

Cheese manufacturing appears to be steady in the East as adequate milk 
supplies move into processing. With the current milk intake volumes, 
some plant operators noted that cheese stocks are building steadily 
for both aged and barrel cheese production. Overall, volumes do not 
appear to be at troublesome levels, at this point. Cheese makers find 
it less challenging to move current production. Suppliers for retail 
purchase report that demand, this week, is flat. Conversely, cheese 
movement into global markets is active and fundamentally eases 
inventory volume. A cooperative export assistance program has accepted 
five requests for export assistance to sell 1.373 million pounds of 
cheddar cheese. CME Group daily cash trading on Tuesday saw the barrel 
cheese price close at $1.4850, up $0.0675 from a week ago, while block 
cheese ended the day at $1.7100, up $0.0950 from a week ago. For now, 
the vast spread between block cheese and barrel cheese continues to 
lend to an unsettled market undertone. The DMN National Retail Report-
Dairy, for July 14-20, 2017, noted the Northeast weighted average 
advertised price for 8 oz. cheese blocks was $2.14, 4 cents below last 
week's regional price but equivalent to the current national average 
price. Northeast retail prices ranged $1.66-$2.50. The Southeast 
weighted average price for 8 oz. block was $2.19, down 8 cents from 
last week, but 5 cents above the national average price. Surveyed 
retail prices for the region ranged $1.67-$2.50. The Northeast average 
advertised price for 8 oz. cheese shreds was $2.31, up 9 cents from 
last week and 12 cents above the national average price, as regional 
prices ranged $1.66 to $3.00. Southeast's average price for advertised 
8 oz. shreds was $2.31, 2 cents below 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                            : 2.0650-2.3500     
Process 5# Sliced                            : 1.5900-2.0700     
Muenster                                     : 2.0500-2.4000     
Grade A Swiss Cuts 10 - 14#                  : 3.1325-3.4550   


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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