MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  August 30, 2017 (REPORT 35)                        


NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Overall, cheese output in the Northeast is moderate to lighter. 
Nonetheless, national cheese stocks continue to advance, adding 
to the unexpected year over year ending stocks, based on the 
recent July cold storage figure. However, market demand appears 
mixed, at this point. Across the country, retail advertisements 
display upsurges for block and shredded cheeses. Commencement of 
the fall school year and football season, with holidays on the 
horizon, are expected to boost cheese demand. Food service 
orders are slightly off with the distribution of most Labor Day 
needs. Export interest is light. This week, a cooperative export 
assistance program got requests for assistance in selling 487.2 
pounds (221 metric tons) of cheddar cheese. At the CME Group, 
40# blocks retreated $0.0400 as barrels also moved backwards, 
$0.0175, based on last week's average cheese priced. 
Accordingly, wholesale prices are lower on most natural and 
process transactions in the region. The Grade A Swiss price 
continues steady. With the announcement of September 2017 
Advanced Prices and Pricing Factors, the Class III skim milk 
prices increased $1.14 per hundredweight compared to the 
previous month. The DMN National Retail Report-Dairy, for August 
25-31, 2017, notes the Northeast advertised weighted average 
price for 8 oz. cheese blocks was $2.27, 7 cents below the U.S. 
average, with a regional price range of $1.66-$2.99. In the 
Southeast, 8 oz. blocks averaged $2.54, 20 cents above the 
national retail average, with a price range of $1.99-$3.50. 
The Northeast advertised average price for 8 oz. cheese shreds 
was $2.38, 3 cents above the U.S. average, with a regional price 
range of $1.66-$3.49. In the Southeast region, 8 oz. cheese 
shreds averaged $2.35, equivalent to the national average, with 
retail prices ranging $1.99-$2.50. 

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.1400-2.4250     
Process 5# Sliced                            : 1.8200-2.3000     
Muenster                                     : 2.1250-2.4750     
Grade A Swiss Cuts 10 - 14#                  : 3.1725-3.4950     
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