NorthEast Cheese

7/4/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. July 03, 2013 (REPORT 27)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group increased Tuesday with barrels up $0.0400
to close at $1.6500 and blocks up $0.0225 to close at $1.6625. Trading
activity has increased significantly with 21 loads of barrels and 19
loads of blocks sold over the last 3 trading sessions.
The weekly average cheese prices on the CME Group declined last week, and
as a result, wholesale prices for cheddar blocks and Muenster decreased
$0.0575, while Process 5# sliced cheese decreased $0.1100. Wholesale
prices for Swiss cuts were unchanged. Milk volumes going to cheese
plants continue to be strong with most plants operating at/or near
capacity levels. Current production is adding to already expanded
supplies. Hot and sometimes humid conditions have moved into the region
and may begin to lower milk production and milk volumes going to cheese
plants in the near future. Last week's declines in the cheese market in
combination with the cold storage report and declining milk production in
many areas of the country, have given traders a clearer picture of the
market and as a result trading activity has increased. Natural cheese is
being featured on a number of new "premium burger" selections at various
fast food restaurants, prompting some increases in domestic sales.
Export demand remains fairly good, supported by export assistance
programs. Cooperatives Working Together (CWT) has accepted requests for
export assistance to sell 2.361 million pounds (1,071 metric tons) of
Cheddar, Gouda and Monterey Jack cheese. The product will be delivered
July through December 2013. During 2013, CWT has assisted member
cooperatives in making export sales of cheese totaling 66.923 million
pounds.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.0650-2.3500
Process 5# Sliced : 1.8550-2.3350
Muenster : 2.0850-2.4450
Grade A Swiss Cuts 10 - 14# : 3.4675-3.7900
1100C rick.whipp@ams.usda.gov


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