NorthEast Cheese

1/5/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. January 02, 2013 (REPORT 1)
NORTHEAST WHOLESALE CHEESE:

CME Group cheese prices were mixed Monday with barrels closing unchanged
at $1.7100, but blocks advanced 2 cents to close at $1.7600. Except for
the 7 loads of barrels traded on Thursday, cheese trading has been nil
over the last 4 sessions. Cheese production remains at increased levels
as holiday period milk supplies have added milk volumes going to vats.
Cheese inventories are building with increased volumes of cheese going
into aging programs. Domestic demand is fair to good with a number of
cheese makers looking for good promotions ahead of the football playoffs
leading up to the Super Bowl. Cheese exporters received good news as a
30 day contract extension was agreed upon, averting a Longshoremen's
strike. According to the National Dairy Retail Report, released Friday,
retail cheese ads for 8 oz. block cheese in the Northeast totaled 3,870,
33.2% of the total national ad count of 11,640 and was the highest ad
count for any region. Retail cheese ads for 8 oz. shredded cheese in the
Northeast totaled 3,947, 23.9% of the total national ad count of 16,495
and was the highest number of ads for any region. The weighted average
price for 8 oz. cheese blocks in the Northeast was $2.33, 4 cents higher
than the national weighted average price, but 4 cents lower than the
previous reporting period. The weighted average price for 8 oz. shredded
cheese in the Northeast was $2.46, 14 cents more than the national
weighted average price and 16 cents higher than the previous reporting
period.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.1400-2.4250
Process 5# Sliced : 1.9000-2.0200
Muenster : 2.1600-2.5200
Grade A Swiss Cuts 10 - 14# : 3.8600-4.1825
1100C rick.whipp@ams.usda.gov


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