NorthEast Cheese

1/12/2013 3:00 PM

MD DA810 Cheese - Northeast
MADISON, WI. January 09, 2013 (REPORT 2)

Cheese prices on the CME Group were mixed Tuesday with barrels unchanged,
closing at $1.6900, while blocks declined 4 cents to close at $1.7200. The
decline in blocks regains the typical 3 cent spread between barrels and
blocks. The CME weekly average prices for blocks and barrels increased
raising wholesale prices for Process 5# cheese by 4 cents, while Cheddar 40#
Blocks and Muenster increased by 2 cents. Swiss cuts declined by $0.0225 as
a result of Thursday's Class III price release. Milk volumes going to
cheese plants remain fairly heavy with some plants running production 7 days
a week. Current production is filling orders and adding to inventories with
some plants moving increased volumes of cheese into their aging programs.
Domestic demand has improved as promotions are beginning to increase ahead
of the football playoffs leading up to the Super Bowl. Export interest has
increased with the 30 day contract extension that averted a Longshoremen's
strike on the East and Gulf coasts.
DAIRY PRODUCTS: According to the latest NASS report, total cheese
production for November in New York was 64.5 million pounds, 5.2% less than
October and 1.2% more than November, 2011. Pennsylvania produced 32.2
million pounds in November, 0.3% less than one month earlier and 8.0% less
than one year ago. Vermont produced 11.4 million pounds, 4.7% less than last
month, but 3.4% more than November 2011. The total of all cheese production
for November in the Atlantic region was 117.4 million pounds, down 4.0% from
October and 1.1% less compared to the same period last year. Atlantic region
cheese production accounted for 12.9% of total U.S. production. Total U.S.
cheese production in November totaled 911.6 million pounds, 1.8% less than
October, but 1.8% more than November 2011. Cumulative 2012 U.S. Cheese
production through November was 2.5% greater than comparable 2011
production. Focusing on Italian cheese, New York production in November
totaled 29.8 million pounds, 8.7% less than October, but 1.1% more than
November 2011. Pennsylvania produced 18.5 million pounds in November, 3.7%
more than October, but 6.8% less than November 2011. The Atlantic region in
October, produced 56.2 million pounds of Italian cheese, 4.7% less than
October and 0.6% less than the same period last year.

Cheddar 40# Block : 2.1600-2.4450
Process 5# Sliced : 1.9400-2.4200
Muenster : 2.1800-2.5400
Grade A Swiss Cuts 10 - 14# : 3.8375-4.1600

Does milk have a lot of untapped potential in today’s competitive beverage market?

  • Yes
  • No
  • Unsure

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