NorthEast Cheese

7/21/2013 3:00 PM


MD_DA810
DA
MD DA810 Cheese - Northeast
MADISON, WI. July 17, 2013 (REPORT 29)
NORTHEAST WHOLESALE CHEESE:

Cheese prices were mixed on the CME Group Tuesday with barrels increasing
$0.0050 to close at $1.6500, while blocks were unchanged and closed at
$1.6750. Barrel prices on the CME have changed daily since the July 4th
holiday with some significant price swings, while trading between $1.6425
and $1.6850. Block price changes have been less volatile with prices
ranging from $1.6625 to $1.6750. Last week's average cheese prices on
the CME Group increased, and as a result, wholesale prices for cheddar
blocks, Muenster and Process 5# sliced cheese increased $0.0150.
Wholesale prices for Swiss cuts were unchanged. Cheese production is
mixed in the region with some declines in production due to the downturn
in off farm milk production. Other plants, wishing to do so, are able to
maintain production at previous levels. Those cheese manufacturers with
aging programs are more inclined to maintain current rates of production,
due to the relatively low price of milk. Cheddar cheese sales remain
good, while mozzarella sales have slowed. Most cheese makers in the
region are comfortable with their current inventories. Cooperatives
Working Together (CWT) has accepted requests for export assistance to
sell 4.398 million pounds (1,995 metric tons) of Cheddar and Monterey
Jack cheese. The product will be delivered July through December 2013.
During 2013, CWT has assisted member cooperatives in making export sales
of cheese totaling 72.155 million pounds.
WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)

Cheddar 40# Block : 2.0725-2.3575
Process 5# Sliced : 1.8825-2.3625
Muenster : 2.0925-2.4525
Grade A Swiss Cuts 10 - 14# : 3.5700-3.8925
1100C rick.whipp@ams.usda.gov



Is the EPA being unrealistic in its timeline to reduce farm runoff into the Chesapeake Bay?

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