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NorthEast Cheese

12/12/2012 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. December 12, 2012 (REPORT 50)
NORTHEAST WHOLESALE CHEESE:

CME Group cheese prices were unchanged Tuesday with barrels closing at
$1.6600 and blocks at $1.7600. Barrel prices have held steady for past 3
trading sessions, while block prices have remained unchanged for the last 7
sessions. Weekly average prices on the CME Group declined for both blocks
and barrels, resulting in a $0.0525 decline in wholesale prices for cheddar
blocks and Muenster with a $0.0700 decline for processed cheese slices.
Swiss cut cheese prices increased $0.2300 following the release of the Class
III price Wednesday. Milk volumes going to cheese vats continue to be at
increased levels, prompting an increase in cheese production. Inventories
are building as most holiday orders are filled. Some cheese makers are
increasing the volumes of cheese going into aging programs. Domestic and
export demand continue to be fairly good. According to the National Dairy
Retail Report, retail cheese ads for 8 oz. block cheese in the Northeast
totaled 3,527, 47.5% of the total national ad count of 7,419 and was the
highest ad count for any region. Retail cheese ads for 8 oz. shredded
cheese in the Northeast totaled 3,502, 35.4% of the total national ad count
of 9,897 and was the highest number of ads for any region. The weighted
average price for 8 oz. cheese blocks in the Northeast was $2.37, 16 cents
lower than the national weighted average price and 5 cents lower than the
previous reporting period. The weighted average price for 8 oz. shredded
cheese in the Northeast was $2.30, 1 cent more than the national weighted
average price, but 20 cents less than the previous reporting period.
Cooperatives Working Together (CWT) has accepted requests for export
assistance to sell 2.068 million pounds (938 metric tons) of Cheddar, Gouda
and Monterey Jack cheese. The product will be delivered December 2012
through May 2013. During 2012, CWT has assisted member cooperatives in
making export sales of Cheddar, Monterey Jack, and Gouda cheese totaling
115.7 million pounds.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.1625-2.4475
Process 5# Sliced : 1.8975-2.0175
Muenster : 2.1825-2.5425
Grade A Swiss Cuts 10 - 14# : 3.8600-4.1825
2012 U.S. Cheese and Curd Exports, (USDA-FAS)
(Million Lb.) % Change From
1 Year Ago
Oct. Total 42.2 + 13
Total Jan.-Oct. 486.6 + 20
1 Mexico 116.7 + 38
2 South Korea 75.9 + 13
3 Japan 51.2 + 26
4 Canada 24.8 + 28
5 Saudi Arabia 22.7 + 20
1100C rick.whipp@ams.usda.gov


Given the prolonged winter, have you been able to do any of your spring planting?

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4/23/2014 | Last Updated: 9:45 AM