HDR1012000160050905970830CHEDDAR CHEESE PRICES National Agricultural Statistics Service USDA Washington, D.C. Released September 5, 1997, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Cheddar Cheese Prices" call Kevin Hintzman at (202) 720-4448, office hours 7:30 a.m. to 4:00 p.m. ET. Block Prices Up 0.9 Cents, Barrels Increase 2.1 Cents Prices received for 40 lb block Cheddar cheese rose another 0.9 cents per lb. for the week ending August 29, 1997. Barrel prices also continued to rise, increasing 2.1 cents per lb. This is the eighth consecutive week of increasing 40 lb. block prices. The rapid increases in cheese prices over the past several weeks appear to have moderated. The combined reported volume reached almost 16 million pounds for the week. Revision Policy: This week's "Cheddar Cheese Prices" contains ten weeks of data. The extra information is published to ensure data users have the most accurate, up-to-date information. July data are no longer open to revision. Next month at this time, only August and September data will be published. Data Reliability: The survey collects price information on sales of natural, unaged, Cheddar cheese at the first (wholesale) point of sale. Data are recorded for sales transactions completed during the survey week. A transaction is considered complete when cheese is shipped out or title transfers. The 65 plants reporting account for an estimated 85 percent of natural Cheddar cheese sales. Estimates for only the current month are subject to revision. * * * * * * * Cheddar Cheese Prices by Style and Region -------------------------------------------------------------------------------- : Week Ending Style and Region :----------------------------------------------------------- : Aug 29, : Aug 22, : Aug 15, : Aug 8, : Aug 1, : 1997 : 1997 1/ : 1997 1/ : 1997 1/ : 1997 1/ -------------------------------------------------------------------------------- 40 Lb. Blocks : Dol./Lb. Avg. Price 2/ : : MN/WI : 1.4012 1.3948 1.3522 1.3031 1.2753 West 3/ : 1.3457 1.3401 1.3013 1.2310 1.2160 US 4/ : 1.3660 1.3574 1.3181 1.2539 1.2320 : Sales Volume 5/ : Pounds : MN/WI : 1,267,977 1,165,567 1,308,102 1,387,882 1,072,017 West 3/ : 2,502,498 2,975,288 3,236,806 3,357,845 3,169,299 US 4/ : 3,829,031 4,247,535 4,644,269 4,833,329 4,488,319 -------------------------------------------------------------------------------- 640 Lb. Blocks : Dol./Lb. Avg. Price 2/ : : US : 1.3885 1.3761 1.3435 1.2758 1.2664 : Sales Volume 5/ : Pounds : US : 1,530,467 2,084,779 1,100,054 1,066,175 478,905 -------------------------------------------------------------------------------- 500 Lb. Barrels : Dol./Lb. Avg. Price 2/ : : MN/WI : 1.4324 1.4184 1.3671 1.2994 1.2443 Oth : 1.4174 1.3930 1.3365 1.2796 1.2437 US : 1.4223 1.4007 1.3484 1.2855 1.2440 : Price Adj. to : 39% Moisture : : MN/WI : 1.3465 1.3313 1.2776 1.2224 1.1768 Oth : 1.3042 1.2825 1.2446 1.1905 1.1555 US : 1.3176 1.2971 1.2575 1.1999 1.1649 : Sales Volume 5/ : Pounds : MN/WI : 3,319,982 2,419,166 3,156,351 3,040,936 4,006,256 Oth : 6,973,832 5,552,773 4,911,862 7,202,680 5,017,545 US :10,293,814 7,971,939 8,068,213 10,243,616 9,023,801 : Moisture Content : Percent : MN/WI : 35.11 35.01 34.73 35.16 35.50 Oth : 33.70 33.74 34.49 34.44 34.34 US : 34.16 34.13 34.59 34.65 34.86 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ CA, ID, OR, and WA. 4/ "Other Regions" included in U.S. total. 5/ Sales as reported by cooperating manufacturers. Cheddar Cheese Prices by Style and Region -------------------------------------------------------------------------------- : Week Ending Style and Region :----------------------------------------------------------- : Jul 25, : Jul 18, : Jul 11, : Jul 4, : Jun 27, : 1997 : 1997 : 1997 : 1997 : 1997 -------------------------------------------------------------------------------- 40 Lb. Blocks: : Dol./Lb. Avg. Price 2/ : : MN/WI : 1.2636 1.2078 1.1906 1.1868 1.1889 West 3/ : 1.1950 1.1617 1.1479 1.1445 1.1466 US 4/ : 1.2150 1.1787 1.1603 1.1549 1.1603 : Sales Volume 5/ : Pounds : MN/WI : 1,095,379 1,697,923 1,090,694 1,066,271 1,368,780 West 3/ : 3,269,397 3,923,510 3,400,241 3,606,842 3,570,405 US 4/ : 4,498,972 5,857,381 4,697,274 4,869,764 5,259,571 -------------------------------------------------------------------------------- 640 Lb. Blocks: : Dol./Lb. Avg. Price 2/ : : US : 1.2390 1.1863 1.1701 1.1644 1.1654 : Sales Volume 5/ : Pounds : US : 1,055,345 863,666 1,098,164 1,121,786 1,186,785 -------------------------------------------------------------------------------- 500 Lb. Barrels: : Dol./Lb. Avg. Price 2/ : : MN/WI : 1.2177 1.2158 1.2131 1.2017 1.2147 Oth : 1.1948 1.1920 1.1900 1.1886 1.1913 US : 1.2044 1.2006 1.1996 1.1941 1.2010 : Adj. Price to : 39 % Moisture : : MN/WI : 1.1384 1.1370 1.1295 1.1263 1.1290 Oth : 1.1089 1.1058 1.1036 1.0980 1.1036 US : 1.1212 1.1170 1.1144 1.1098 1.1141 : Sales Volume 5/ : Pounds : MN/WI : 3,707,010 3,465,431 3,318,522 3,417,633 4,662,975 Oth : 5,186,678 6,121,424 4,637,298 4,717,162 6,658,133 US : 8,893,688 9,586,855 7,955,820 8,134,795 11,321,108 : Moisture Content : Percent : MN/WI : 34.75 34.77 34.48 34.92 34.37 Oth : 34.27 34.25 34.22 33.96 34.15 US : 34.47 34.44 34.33 34.36 34.24 -------------------------------------------------------------------------------- 1/ Revised. 2/ Prices weighted by volumes reported. 3/ CA, ID, OR, and WA. 4/ "Other Regions" included in U.S. total. 5/ Sales as reported by cooperating manufacturers. The next Cheddar Cheese Prices report will be released at 8:30 a.m. ET on September 12, 1997. 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