MD DA810 Cheese - Northeast
MADISON, WI. September 18, 2013 (REPORT 38)
NORTHEAST WHOLESALE CHEESE:
Cheese production has declined as milk supplies are tightening, due to
the combination of increased Class I demand and lower seasonal milk
production. Demand for cheese is strong with good domestic orders as
retailers increase inventories for the college football and NFL seasons.
Export demand is good as buyers from around the world are shopping the
bountiful supplies in the US at prices below international levels. The
active domestic and export markets are working inventories lower.
Wholesale prices saw their third consecutive increase as the CME weekly
average cheese prices continued to firm. Cheddar 40# blocks and Muenster
registered a 4 cent increase with processed cheese gaining 3 cents.
According to the National Dairy Retail Report, retail cheese ads for 8
oz. block cheese in the Northeast totaled 2,704, 40% of the total
national ad count of 6,805 and was the highest ad count for any region.
The weighted average price for 8 oz. cheese blocks in the Northeast was
$2.43, 11 cents less than the national weighted average price, but 7
cents higher than the previous reporting period. Retail cheese ads for 8
oz. shredded cheese in the Northeast totaled 1,690, 26% of the total
national ad count of 6,492, and was the highest ad count for any region.
The weighted average price for 8 oz. shredded cheese in the Northeast was
$2.48, 2 cents less than the national weighted average price and 7 cents
less than the previous reporting period. CME Group cheese prices moved
lower in trading through Tuesday with barrels declining $0.0450 and
blocks down $0.0425.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)
Cheddar 40# Block : 2.2275-2.5125
Process 5# Sliced : 2.0300-2.5100
Muenster : 2.2475-2.6075
Grade A Swiss Cuts 10 - 14# : 3.4450-3.7675