Cheese - Northeast
USDA - Wed May 15, 7:00AM CDT
MD_DA810

     Cheese - Northeastern U.S.

     Report 20 - Released on May 15, 2019

     Northeastern cheese demand is stable with many manufacturers' customers. Pizzeria sales are
     good, and grocers are advertising cheese sales for the Memorial Day holiday. Class III
     plants are running full. Manufacturers' inventories are growing. Cheddar cheese spot prices
     have heightened on various market exchanges. Spot market activity is steady to a bit lower.
     Barrel cheddar cheese trades decreased this week. Last week on the CME Group, cheddar block
     and barrel weekly average prices heightened. Currently, the market has somewhat settled and
     prices are lower. Spot activity on various market exchanges has increased, as some market
     participants are in favor of the lower cheese prices. Northeast wholesale cheese prices for
     cheddar and Muenster increased, $0.0850, and process cheese prices moved up, $0.0300. The
     Grade A Swiss price is unchanged this week.

     National Retail Report Dairy � Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 5/10/2019
      to 5/16/2019
     Cheese 8 oz. Blocks                Weighted Average Price
     National                 This Period      Last Week      Last Year
     Organic                     n.a.             n.a.            n.a.
     Conventional               $2.01            $2.37           $2.26

     Regional (Conventional)   Wtd. Ave.          Low            High
     Northeast                   $2.13           $1.67           $2.99
     Southeast                   $1.82           $1.23           $3.00

     Cheese 8 oz. Shred                 Weighted Average Price
     National                 This Period      Last Week       Last Year
     Organic                   $3.29              n.a.           $3.54
     Conventional              $2.22             $2.31           $2.18

     Regional (Conventional)   Wtd. Ave.          Low            High
     Northeast                   $2.12           $1.88           $2.99
     Southeast                   $2.06           $1.49           $3.00
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 40 pound Block              2.1575-2.4425
     Muenster                            2.1425-2.4925
     Process American 5 pound Sliced     1.8550-2.3350
     Swiss 10-14 pound Cuts              2.9950-3.3175

     Information for the period May 13 - 17, 2019, issued weekly

     Secondary Sourced Information:

     2019 U.S. Cheese and Curd Exports (USDA-FAS)

                      2019 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     March                82.0              + 10

     TOTAL, JAN - MAR    215.1              + 10
     Exports �Destination Country
      1 Mexico            48.7              - 10
      2 South Korea       45.0              + 46
      3 Japan             23.6              + 17
      4 Australia         14.4              +  1
      5 Chile              6.3              - 13
     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov/