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NorthEast Cheese

12/4/2012 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. November 28, 2012 (REPORT 48)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group were unchanged Tuesday with barrels
closing at $1.7750 and blocks closing at $1.8250. In the last 5 trading
sessions barrel prices have increased $0.0525, while blocks have held
steady. The CME Group has seen declines in the weekly average prices for
both blocks and barrels, which have brought about wholesale price
declines of $0.0300 for cheddar blocks and Muenster, with a $0.0575
decline in processed cheese slices. Swiss cut cheese prices were
unchanged. Manufacturing milk supplies increased over the long holiday
weekend, which increased milk volumes going to cheese vats. Domestic
demand remains good as holiday orders continue strong. Weekly average
price declines on the CME Group over the past three weeks have sparked
some additional export interest. The latest NASS Cold Storage report
shows stocks of natural cheese in cold storage as of October 31, 2012
totaled 954.0 million pounds, down 4% compared to one month ago and down
6% from one year ago. A majority of the holdings are in the form of
American cheese (61.0%) totaling 581.7 million pounds, 4% less than the
amount one month ago and 6% less than one year ago. The next highest
natural cheese holdings in cold storage are in the form of Other Natural
Cheese, (35.9%) totaling 342.5 million pounds, 4% less than one month ago
and 6% less from one year ago. Swiss cheese accounts for 3.1% of
holdings at 29.9 million pounds, up 3% from one month ago, but 7% less
than one year ago.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.2275-2.5125
Process 5# Sliced : 1.9475-2.0675
Muenster : 2.2475-2.6075
Grade A Swiss Cuts 10 - 14# : 3.6300-3.9525
1100C rick.whipp@ams.usda.gov


Given the prolonged winter, have you been able to do any of your spring planting?

  • Yes
  • No
  • Almost

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