NorthEast Cheese

8/21/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. August 21, 2013 (REPORT 34)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group moved considerably lower Tuesday with
barrels declining $0.0350 to close at $1.7000, while blocks dropped
$0.0475 to close at $1.7075. In 2 days of trading this week barrels have
declined $0.0650 and blocks have declined $0.0700. Weekly average cheese
prices on the CME Group declined for the first time in over a month,
lowering wholesale prices for cheddar 40# blocks and Muenster by $0.0175
and process cheese by $0.0225. More than adequate milk supplies are
keeping most cheese makers on 6-7 day production schedules. Demand for
cheese has increased as food service and pizza makers gear up for the
commencing of classes at schools and universities. Quality concerns have
spread from New Zealand dry products to New Zealand cheeses, which have
prompted some countries to explore the possibility of increased cheese
imports from the US. Cooperatives Working Together (CWT) has accepted
requests for export assistance to sell 2.189 million pounds (993 metric
tons) of Cheddar, Gouda and Monterey Jack cheese. The product will be
delivered August through January 2014. During 2013, CWT has assisted
member cooperatives in making export sales of cheese totaling 81.941
million pounds.
According to the National Dairy Retail Report, retail cheese ads for 8
oz. block cheese in the Northeast totaled 2,458, 41% of the total
national ad count of 5,982 and was the highest ad count for any region.
Retail cheese ads for 8 oz. shredded cheese in the Northeast totaled
1,863, 22% of the total national ad count of 8,557, and was the second
highest ad count for any region. The weighted average price for 8 oz.
cheese blocks in the Northeast was $2.29, 10 cents more than the national
weighted average price, but 8 cents less than the previous reporting
period. The weighted average price for 8 oz. shredded cheese in the
Northeast was $2.27, 19 cents more than the national weighted average
price, but 21 cents less than the previous reporting period.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.1700-2.4550
Process 5# Sliced : 1.9875-2.4675
Muenster : 2.1900-2.5500
Grade A Swiss Cuts 10 - 14# : 3.5150-3.8375
100C rick.whipp@ams.usda.gov



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