NorthEast Cheese

12/28/2012 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. December 26, 2012 (REPORT 52)
NORTHEAST WHOLESALE CHEESE:

CME Group cheese prices were unchanged Monday with barrels closing at
$1.6550 and blocks closing at $1.7400. Trading was very active prior to
Christmas with 33 loads of barrels and 6 loads of blocks transacted in
the 5 days leading up to the holiday. Domestic demand received support
from recent governmental purchases of barrel cheese from domestic food
distribution programs. Export demand may be dealt a blow if negotiations
between the Longshoremen's Association and the Maritime Alliance fail to
come to agreement prior to December 29 strike deadline. A strike would
interfere with export shipments out of ports on the East and Gulf coasts.
Milk volumes going to vats have increased over the holiday period,
increasing production and expanding inventories. The latest NASS Cold
Storage report shows stocks of natural cheese in cold storage as of
November 30, 2012 totaled 941.8 million pounds, down 1% compared to one
month ago and down 4% from one year ago. A majority of the holdings are
in the form of American cheese (61.7%) totaling 581.2 million pounds,
slightly less than the amount one month ago and 2% less than one year
ago. The next highest natural cheese holdings in cold storage are in the
form of Other Natural Cheese, (35.0%) totaling 329.8 million pounds, 4%
less than one month ago and 7% less from one year ago. Swiss cheese
accounts for 3.3% of holdings at 30.8 million pounds, up 3% from one
month ago and 3% more than one year ago.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.1300-2.4150
Process 5# Sliced : 1.8575-1.9775
Muenster : 2.1500-2.5100
Grade A Swiss Cuts 10 - 14# : 3.8600-4.1825
1100C rick.whipp@ams.usda.gov


Is the EPA being unrealistic in its timeline to reduce farm runoff into the Chesapeake Bay?

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11/27/2014 | Last Updated: 12:15 AM