NorthEast Cheese

4/10/2013 3:00 PM

MD DA810 Cheese - Northeast
MADISON, WI. April 10, 2013 (REPORT 15)

Cheese prices on the CME Group moved higher Tuesday with barrels
increasing $0.0200 to close at $1.7325, and blocks advancing $0.0100 to
close at $1.7950. Barrel prices have increased in each of the last 7
sessions with net increases totaling $0.1350. Blocks have increased in
each of the last 4 sessions with prices advancing a total of $0.1025.
Weekly average prices for barrels and blocks increased last week, which
caused wholesale prices for cheddar blocks and Muenster to increase
$0.0200 and Process 5# sliced cheese to advance $0.0375. Wholesale
prices for Swiss cuts declined $0.1000 following last Wednesday's Class
III price release. Substantial milk volumes continue to make their way
to cheese vats, supported by seasonal increases in milk production,
keeping cheese makers on 6-7 day production schedules. Pizza promotions
and sales continue to make up the majority of domestic cheese demand in
the region. Export interest continues to be active and export sales are
good. DAIRY PRODUCTS: According to the latest NASS report, total cheese
production for February in New York was 59.4 million pounds, 3.9% less
than January, but 1.6% more than February 2012 (unadjusted for leap
year). Pennsylvania produced 34.7 million pounds in February, 5.5% less
than one month earlier, but 3.3% more than one year ago (unadjusted for
leap year). Vermont produced 10.0 million pounds, 4.1% less than last
month and 0.9% less than February 2012 (unadjusted for leap year). The
total of all cheese production for February in the Atlantic region was
111.7 million pounds, down 5.0% from January and 1.3% more compared to
the same period last year (unadjusted for leap year). Atlantic region
cheese production accounted for 13.0% of total U.S. production. Total
U.S. cheese production in February totaled 857.4 million pounds, 8.4%
less than January, but unchanged from February 2012 (unadjusted for leap
year). Cumulative 2013 U.S. Cheese production was 1.4% greater than 2012
(unadjusted for leap year). Focusing on Italian cheese, New York
production in February totaled 28.5 million pounds, 0.6% less than
January, but 1.0% more than January 2012 (unadjusted for leap year).
Pennsylvania produced 22.4 million pounds in February, 3.1% more than
January and 2.7% more than February 2012 (unadjusted for leap year). The
Atlantic region in February, produced 56.5 million pounds of Italian
cheese, 1.5% less than January and 0.2% less than last year (unadjusted
for leap year).

Cheddar 40# Block : 2.1150-2.4000
Process 5# Sliced : 1.8650-2.3450
Muenster : 2.1350-2.4950
Grade A Swiss Cuts 10 - 14# : 3.4300-3.7525
2013 U.S. Cheese and Curd Exports, (USDA-FAS)
(Million Lb.) % Change From
1 Year Ago
Feb. Total 47.7 + 5
Total Jan.-Feb. 96.1 + 9
1 Mexico 22.0 + 9
2 South Korea 14.7 + 30
3 Japan 12.9 + 44
4 Egypt 5.1 + 292
5 Canada 4.4 unchanged

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