NorthEast Cheese

4/18/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. April 17, 2013 (REPORT 16)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group were mixed Tuesday with barrels decreasing
$0.0100 to close at $1.7575, while blocks closed unchanged at $1.8700.
The decline in the Barrel price halted a string of increases registered
in the last eleven trading sessions, which saw barrels increase $0.1700.
Blocks also saw its run of increases registered over the last 8 sessions
stopped. Increases over those 8 sessions totaled $0.1775. Weekly
average prices for barrels and blocks increased significantly last week
and increased wholesale prices for cheddar blocks and Muenster by
$0.0925. Process 5# sliced cheese advanced $0.0950. Wholesale prices
for Swiss cuts were unchanged. Milk volumes flowing to cheese vats
continue to be robust, keeping most cheese makers on 6-7 day production
schedules. Domestic demand for cheese is mixed with good demand coming
from food service and pizza makers, but retail orders and sales have
slowed. Export interest for cheese remains good. Cooperatives Working
Together (CWT) has accepted requests for export assistance to sell 1.984
million pounds (900 metric tons) of Cheddar cheese. The product will be
delivered April through September 2013. During 2013, CWT has assisted
member cooperatives in making export sales of cheese totaling 49.090
million pounds. According to the National Dairy Retail Report, retail
cheese ads for 8 oz. block cheese in the Northeast totaled 2,611, 48% of
the total national ad count of 5,392 and was the highest ad count for any
region. Retail cheese ads for 8 oz. shredded cheese in the Northeast
totaled 2,861, 27% of the total national ad count of 10,493, and was the
highest ad count for any region. The weighted average price for 8 oz.
cheese blocks in the Northeast was $2.32, 11 cents higher than the
national weighted average price, but 18 cents lower than the previous
reporting period. The weighted average price for 8 oz. shredded cheese
in the Northeast was $2.46, 19 cents more than the national weighted
average price and 11 cents higher than the previous reporting period.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.2075-2.4925
Process 5# Sliced : 1.9600-2.4400
Muenster : 2.2275-2.5875
Grade A Swiss Cuts 10 - 14# : 3.4300-3.7525
1100C rick.whipp@ams.usda.gov


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