MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  October 18, 2017 (REPORT 42)                       

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Cheese production spans from steady to higher with advancing seasonal 
cheese yields. Fundamentally, with the bulk of cheese orders for the 
holiday finalized, the market hints at some weakness as demand slows 
and inventories rebuild. Retail store promotions and advertisements 
show a slight decline. Trading in global markets is moderate to good. 
This week, a cooperative export assistance program accepted four 
requests to sell 965,625 pounds (438 metric tons) of cheese. At 
Tuesday's CME Group trading, daily cash prices saw barrels close at 
$1.6850, down $0.02 from a week ago; blocks closed at $1.7200, down 
$0.0375 from a week ago. The DMN National Retail Report-Dairy, for 
October 13-19, 2017, noted the national weighted average advertised 
price of 8 ounce block was $2.23, 29 cents below the previous week and 
22 cent less than last year. The national weighted average advertised 
price of 8 ounce shreds was $2.14, 33 cents less than last week and 16 
cents below a year ago. Northeast region's weighted average advertised 
price for 8 ounce block was $2.14, 9 cents below the national average, 
with a regional price range of $1.66-$3.00. The Southeast region's 8 
oz. block average price was $1.95, 28 cents below the national 
average, with a regional price range of $1.67-$2.50. The Northeast 
average advertised price for 8 oz. cheese shreds was $2.19, 5 cents 
above the national average price, with a regional price range of 
$1.66-$3.00. In the Southeast, the average price for 8 oz. shreds was 
$2.10, 4 cents below 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                            : 2.1800-2.4650     
Process 5# Sliced                            : 1.8575-2.3375     
Muenster                                     : 2.1650-2.5150     
Grade A Swiss Cuts 10 - 14#                  : 3.1625-3.4850     


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