NorthEast Cheese

2/5/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. January 30, 2013 (REPORT 5)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group were mixed Tuesday with barrels decreasing
$0.0375 to close at $1.5325, while blocks held unchanged at $1.6450.
Cheese prices have continued their downward trend over the last 6
sessions with barrels declining $0.1050 and blocks $0.0425. Weekly CME
Group average cheese prices declined and lowered wholesale prices for
Process 5# Sliced by $0.0725 with Cheddar and Muenster declining $0.0500.
Milk volumes to cheese plants remain strong keeping cheese operations on
6-7 day production schedules. Production volumes are beyond demand needs
and inventories are building. Orders for the Super Bowl are in place, so
now cheese makers are hoping for promotions and good sales prior to
Easter to help balance inventories. Cheddar going into aging programs
continues to be active. The possibility of a Longshoreman's strike
continues with exporters becoming increasingly uneasy as the strike
deadline date of February 6 approaches. Export interest continues to be
fairly active, due to the recent price declines and incentive program
assistance. Cooperatives Working Together (CWT) has accepted requests
for export assistance to sell 7.579 million pounds (3,438 metric tons) of
Cheddar and Monterey Jack cheese. The product will be delivered February
through June 2013.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.0525-2.3375
Process 5# Sliced : 1.8050-2.2850
Muenster : 2.0725-2.4325
Grade A Swiss Cuts 10 - 14# : 3.8375-4.1600
1100C rick.whipp@ams.usda.gov


Is the USDA doing enough to accommodate small-scale direct-marketers of meat?

  • Yes
  • No
  • Unsure

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