Cheese - Northeast
USDA - Wed Mar 07, 11:00AM CST
MD_DA810

     Cheese - Northeastern U.S.

     Report 10 - Released on March 07, 2018

     Milk volumes clearing to Northeastern cheese vats are mixed. There have been winter storms
     causing power outages and disruptions in milk haulers� schedules. Despite the weather
     conditions, cheddar cheese production is strong and inventories are capable for current
     demand. Groceries are gearing up for the holiday by advertising cheese 8-32 ounce packages
     at discounts. This week, cheese 40-pound block and barrel spot sales are steady to lower.
     The wholesale price for cheddar and Muenster increased $0.0050. The process cheese price
     shifted lower $0.0075. The Grade A Swiss price declined $0.1600 following the release of the
     February 2018 Announcement of Class and Component Prices. Additionally, the Class III skim
     milk price for February 2018 saw a 24 cents decline. The CME Group February 2018 monthly
     average price for barrels was $1.4096, compared to $1.6230 a year ago; blocks� average
     price was $1.5157, compared to $1.6199 a year ago. The DMN Northeast February 2018 monthly
     average price for cheddar blocks is $2.1029, compared to $2.2547 one year ago. Processed 5#
      sliced average price is $1.7517, compared to $1.9757 one year ago. At Tuesday�s CME Group
     trading, daily cash prices saw barrels close at $1.5150, up $0.0450, and blocks closed at
     $1.6025, an increase of $0.0725 from last Tuesday. National Retail Report-Dairy, for March
     2-8, 2018, noted the U.S. weighted average advertised price for 8 ounce cheese block was
     $2.27, up 5 cents from the previous week and up 12 cents from last year. The U.S. weighted
     average advertised price of 8 ounce cheese shreds was $2.20, a decrease of 1 cent from last
     week and from a year ago. Northeast region�s weighted average advertised price for 8 ounce
     cheese blocks was $2.24, 3 cents below the U.S. average, with a regional price range of
     $1.29-$3.00. The average price for 8 oz. cheese shreds was $2.20, the same price as the
     national average, with prices ranging $1.29-$3.00. In the Southeast region, the average
     price for 8 oz. cheese blocks was $2.35, 8 cents above the average U.S. price, with a
     regional price range of $1.67-$3.00. The average price for 8 oz. shreds was $2.17, 3 cents
     below the U.S. average, with prices ranging $1.67-$2.50.
     DAIRY PRODUCTS: According to NASS, U.S. total cheese production in January 2018 was 1.08
     billion pounds, 3.4 percent higher than a year ago, but 1.0 percent lower than last month.
     In the Atlantic region, total cheese production was 137.3 million pounds, 2.8 percent
     higher than a year ago, but 1.3 percent lower than the previous month. Total cheese
     production and percentage change, from last year for selected Eastern states are,
     Pennsylvania 37.0 million pounds, +3.3 percent; Vermont 12.3 million pounds, +0.2 percent,
     and New Jersey 4.9 million pounds, +20.9 percent.
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 40 pound Block              1.9900-2.2750
     Muenster                            1.9750-2.3250
     Process American 5 pound Sliced     1.6075-2.0875
     Swiss 10-14 pound Cuts              3.1625-3.4850


     Information for the period March 5 - 9, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: Jessica.Mueller@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home