NorthEast Cheese

4/9/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. April 03, 2013 (REPORT 14)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group were mixed Tuesday with barrels increasing
$0.0050 to close at $1.6125, and blocks closing unchanged at $1.6925.
Weekly average prices for barrels and blocks were mixed last week with
barrels declining and blocks increasing. The mixed result caused
wholesale prices for cheddar blocks and Muenster to increase $0.0450,
Process 5# sliced cheese declined $0.0200 with Swiss cuts unchanged.
Cheese production has marginally declined this week as increased Class I
demand has resulted in lower milk volumes going to cheese plants. Cheese
demand has surprised some cheese makers and has held up fairly well
coming off the holiday weekend. Mozzarella demand has especially been
good, prompted by good pizza promotions and sales. Export demand
continues to be active supported by assistance programs. Cooperatives
Working Together (CWT) has accepted requests for export assistance to
sell 5.899 million pounds (2,676 metric tons) of Cheddar cheese. The
product will be delivered April through September 2013. During 2013, CWT
has assisted member cooperatives in making export sales of cheese
totaling 47.055 million pounds. According to the National Dairy Retail
Report, retail cheese ads for 8 oz. block cheese in the Northeast totaled
2.920, 32% of the total national ad count of 8,987 and was the highest ad
count for any region. Retail cheese ads for 8 oz. shredded cheese in the
Northeast totaled 1,431, 15% of the total national ad count of 9,487, a
significant decline from last period's 30% level. The weighted average
price for 8 oz. cheese blocks in the Northeast was $2.50, 25 cents higher
than the national weighted average price and 7 cents higher than the
previous reporting period. The weighted average price for 8 oz. shredded
cheese in the Northeast was $2.35, 21 cents more than the national
weighted average price, but 17 cents lower than the previous reporting
period.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.0950-2.3800
Process 5# Sliced : 1.8275-2.3075
Muenster : 2.1150-2.4750
Grade A Swiss Cuts 10 - 14# : 3.5300-3.8525
1100C rick.whipp@ams.usda.gov


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7/29/2014 | Last Updated: 4:15 AM