NorthEast Cheese

5/26/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. May 22, 2013 (REPORT 21)
NORTHEAST WHOLESALE CHEESE:

Cheese prices on the CME Group declined Tuesday with barrels dropping
$0.0250 to close at $1.7300 and blocks declined $0.0100 to close at
$1.7600. Barrel prices have experienced increases and declines over the
last 7 trading sessions with the net result being a $0.0075 increase.
Trading activity was active over that same period with 32 loads sold.
Blocks have seen a $0.0425 net decline in the last 7 trading sessions and
equaled barrels in sales with 32 loads. Weekly average prices on the CME
Group were again mixed last week with barrels advancing and blocks
suffering a significant decline. These changes caused wholesale prices
for cheddar blocks and Muenster to decline $0.0950, while Process 5#
sliced cheese increased $0.0075. Wholesale prices for Swiss cuts were
unchanged. Increases in manufacturing milk supplies, due to reductions
in Class I demand ahead of the upcoming holiday, are channeling more milk
to cheese plants. For most cheese makers, the increases in production
are adding to inventories with some plants expanding cheese volumes going
into aging programs. Demand for cheese is mixed with cheddar retail
sales sluggish, but orders for mozzarella remain fairly strong with good
pulls from pizza makers. Provolone has also seen some increase in
demand. Export interest remains fairly good.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.1725-2.4575
Process 5# Sliced : 1.9600-2.4400
Muenster : 2.1925-2.5525
Grade A Swiss Cuts 10 - 14# : 3.3925-3.7150
1100C rick.whipp@ams.usda.gov


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