NorthEast Cheese

2/15/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. February 13, 2013 (REPORT 7)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group advanced Tuesday with barrels increasing
$0.0200 to close at $1.5800 and blocks up $0.0100 to close at $1.6600.
Barrel prices have increased in 5 of the last 6 sessions, netting a price
increase of $0.0475. Blocks have only seen 3 increases in the last 6
sessions, netting a gain of $0.0150. Cheese production continues to be
active with most operations on 6-7 day production schedule. Most cheese
plants are adding to inventories with the exception of a few mozzarella
plants that have had good orders, which reduced inventories. Domestic
demand has improved as the general downward trend in cheese prices over
the last few weeks has prompted some end users, that have worked
inventories lower and held off purchases for lower prices, to make
purchases to replenish supplies. Export demand remains fairly good
supported by incentive programs. Cooperatives Working Together (CWT) has
accepted requests for export assistance to sell 2.344 million pounds
(1,063 metric tons) of Cheddar and Monterey Jack cheese. The product will
be delivered February through July 2013.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.0475-2.3325
Process 5# Sliced : 1.7675-2.2475
Muenster : 2.0675-2.4275
Grade A Swiss Cuts 10 - 14# : 3.5900-3.9125
2012 U.S. Cheese and Curd Exports, (USDA-FAS)
(Million Lb.) % Change From
1 Year Ago
Dec. Total 46.1 + 2
Total Jan.-Dec. 573.3 + 16
1 Mexico 144.3 + 36
2 South Korea 87.0 + 12
3 Japan 57.0 + 13
4 Canada 30.7 + 25
5 Saudi Arabia 25.0 + 3

1100C rick.whipp@ams.usda.gov


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