MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  August 2, 2017 (REPORT 31)                        

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
With both farm milk output and yield falloffs, cheese processing 
has shifted to lower production rates, typically associated with 
hot/humid seasonal conditions. With milk receipts inching lower, 
some traders expect stocks to tighten as school reopen. Even so, 
supplies are adequate in the midst of reports of slight declines 
in the stocks of some manufacturers. Cheese sales are steady for 
cheddar. Conversely, demand is slower than expected for cheese 
of the mozzarella variety. Global market interests are steady. 
Additional forward sales are receiving support, as the latest 
GDT index indicates future weakness. This week, a cooperatives 
export assistance program, accepted requests for 304,238 pounds 
of cheddar cheese. CME Group daily cash trading on Tuesday saw 
the barrel cheese price close at $1.6600, up $0.2025 from a week 
ago, while block cheese ended the day at $1.7875, up $0.0800.
The DMN National Retail Report-Dairy, for July 28-August 3, 
2017, noted the Northeast weighted average advertised price for 
8 oz. cheese blocks was $2.27, 11 cents above the national 
average, with a regional price range of $1.77-$3.00. The 
Southeast 8 oz. block average price was $2.15, 1 cent below   
the national average, with a regional price range of $1.67-
$3.00. The Northeast average advertised price for 8 oz. cheese 
shreds was $2.25, 16 above the national average price, with a 
regional price range of $1.88-$3.49. In the Southeast, the 
average price for 8 oz. shreds was $2.21, 12 cents above the 
national average, with prices ranging $1.67-$2.50. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.1575-2.4425     
Process 5# Sliced                            : 1.6250-2.1050     
Muenster                                     : 2.1425-2.4925     
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-home