Cheese - Northeast
USDA - Wed Dec 06, 11:01AM CST
MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  December 6, 2017 (REPORT 49)                      

NORTHEAST WHOLESALE CHEESE:                                      
                                                                 
Milk is available for cheese manufacturing operations in the 
Northeast. With adequate milk supplies, cheese makers are working full 
production. Inventories are in balance to heavy. The demand is 
seasonally healthy as retailers and food service sectors have routine 
orders for meeting the holiday demands. Northeast process cheese 
decreased $0.1275 and wholesale cheddar and Muenster declined $0.0200. 
The Grade A Swiss price declined $0.0225 following the release of the 
November 2017 Announcement of Class and Component Prices. The CME 
Group November 2017 monthly average price for barrels was $1.6656, 
compared to $1.7424 a year ago; blocks' average price was $1.6590, 
down from $1.8775 a year ago. The DMN Northeast November 2017 monthly 
average price for cheddar blocks is $2.2860, compared to $2.3841 one 
year ago. Processed 5# sliced average price is $2.0781, compared to 
$2.1588 one year ago. At Tuesday's CME Group trading, daily cash 
prices saw barrels closed at $1.5625, up $0.0225, and blocks closed at 
$1.5125, down $0.0975 from last Tuesday. The DMN National Retail 
Report-Dairy, for December 1-7, 2017, noted the U.S. weighted average 
advertised price for 8 ounce cheese block was $2.32, up 16 cents from 
the previous week and up 7 cents from last year. The U.S. weighted 
average advertised price of 8 ounce cheese shreds was $2.16, 1 cent 
less than last week and 16 cents below a year ago. Northeast region's 
weighted average advertised price for 8 ounce cheese blocks was $2.35, 
3 cents above the U.S. average, with a regional price range of $1.67-
$3.00. The Southeast region's average price for 8 oz. cheese blocks 
was $2.62, 30 cents above the average U.S. price, with a regional 
price range of $1.79-$3.50. The Northeast average price for 8 oz. 
cheese shreds was $2.36, 20 cents above the U.S. average price, with a 
regional price range of $1.77-$3.00. In the Southeast, the average 
price for 8 oz. shreds was $2.30, 14 cents above the U.S. average, 
with prices ranging $1.99-$2.50. DAIRY PRODUCTS: According to NASS, 
U.S. total cheese production in October 2017 was 1.07 billion pounds, 
1.7 percent higher than a year ago and 5.2 percent higher than last 
month. In the Atlantic region, total cheese production was 135 million 
pounds, 0.2 percent lower than a year ago and 0.9 percent lower than 
the previous month. Total cheese production and percentage changes, 
from last year for selected Eastern states are: New York 76.6 million 
pounds, -0.1 percent; Pennsylvania 34.3 million pounds, -1.6 percent; 
Vermont 11.5 million pounds, +1.4 percent, and New Jersey 5.2 million 
pounds, -3.5 percent.

WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 40# Block                            : 2.0425-2.3275     
Process 5# Sliced                            : 1.6750-2.1550     
Muenster                                     : 2.0275-2.3775     
Grade A Swiss Cuts 10 - 14#                  : 3.2650-3.5875     
            

2017 U.S. Cheese and Curd Exports (USDA-FAS)

                 2017 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

October              59.5            +  9

TOTAL, JAN - OCT    627.2            + 22
1 Mexico            177.3            + 10
2 South Korea        99.7            + 33
3 Japan              62.7            + 28
4 Australia          52.6            + 91
5 China              25.8            + 41



1100CT jessica.mueller@ams.usda.gov  608.422.8589
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy 
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home