MD DA810 Cheese - Northeast
MADISON, WI. October 10, 2012 (REPORT 41)
NORTHEAST WHOLESALE CHEESE:
CME Group cheese prices were unchanged Tuesday with barrels closing at
$2.0600 and blocks closing at $2.1000. In the last 4 trading sessions
prices for barrels and blocks have remained unchanged in light trading.
Cheese production has noted some marginal increases as the milk supply
has slightly improved in some areas of the Northeast. Cheese makers are
attempting to increase production of mozzarella and provolone following
good orders from food service, pizza manufacturers and retail outlets.
Current production is filling orders with marginal additions to
inventories. Cheese wholesalers are concerned that the cheese price
increases experienced over the past few weeks will bring about reduced
retail sales. Higher cheese prices have also lowered export demand.
According to the latest NASS report, total cheese production for August
in New York was 62.9 million pounds, 5.2% more than July, but 2.3% less
than August, 2011. Pennsylvania produced 33.1 million pounds in August,
6.5% more than one month earlier, but 7.3% less than one year ago.
Vermont produced 11.1 million pounds, 6.0% more than last month and 3.9%
more than August 2011. The total of all cheese production for August in
the Atlantic region was 116.9 million pounds, up 6.1% from July, but 2.4%
less compared to the same period last year. Atlantic region cheese
production accounted for 13.2% of total U.S. production. Total U.S.
cheese production in August totaled 884.4 million pounds, 0.5% more than
July and 2.6% more than August 2011. Cumulative 2012 U.S. Cheese
production through August was 2.7% greater than comparable 2011
production. Focusing on Italian cheese, New York production in August
totaled 28.9 million pounds, 0.4% more than July, but 4.3% less than
August 2011. Pennsylvania produced 18.3 million pounds in August, 5.4%
less than July and 15.2% less than August 2011. The Atlantic region in
August, produced 55.3 million pounds of Italian cheese, 0.9 less than
July and 6.6% less than the same period last year.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)
Cheddar 40# Block : 2.4975-2.7825
Process 5# Sliced : 2.2650-2.3850
Muenster : 2.5175-2.8775
Grade A Swiss Cuts 10 - 14# : 3.4850-3.8075