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NorthEast Cheese

1/19/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. January 16, 2013 (REPORT 3)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group were mixed Tuesday with barrels unchanged,
closing at $1.6725, while blocks declined 1 cent to close at $1.7100.
Over the past couple of weeks, cheese trading activity and price trends
on the CME Group have been initiated by barrels and then followed, a
session or two later, with block activity and pricing. The CME weekly
average prices for blocks and barrels declined, lowering wholesale prices
for Process 5# cheese by $0.0375, while Cheddar 40# Blocks and Muenster
declined by $0.0325. Swiss cut prices were unchanged. Milk production
off the farm is increasing, keeping milk volumes going to cheese plants
at increased levels. One plant was down for a period this week for
scheduled maintenance, but most other plants are running production 7
days a week. Current orders, for the most part, are less than desired
with expanding inventories, but cheese makers are hoping promotions ahead
of the Super Bowl will increase sales. Entering the New Year, export
interest has increased as a number of market analysts believe the cheese
market is close to finding a price floor. Cooperatives Working Together
(CWT) has accepted requests for export assistance to sell 1.864 million
pounds (846 metric tons) of Cheddar, Gouda and Swiss cheese. The product
will be delivered January through June 2013.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.1275-2.4125
Process 5# Sliced : 1.9025-2.3825
Muenster : 2.1475-2.5075
Grade A Swiss Cuts 10 - 14# : 3.8375-4.1600
2012 U.S. Cheese and Curd Exports, (USDA-FAS)
(Million Lb.) % Change From
1 Year Ago
Nov. Total 40.6 - 8
Total Jan.-NOV. 527.2 + 17
1 Mexico 129.9 + 37
2 South Korea 81.4 + 10
3 Japan 53.8 + 21
4 Canada 28.1 + 29
5 Saudi Arabia 23.3 + 8
1100C rick.whipp@ams.usda.gov


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4/16/2014 | Last Updated: 6:00 AM