MD_DA810

     Cheese - Northeastern U.S.

     Report 14 - Released on April 03, 2019

     Northeast milk production is seasonally coming up, and the weather in some areas is getting
     pleasantly warmer. Cheese production is strong currently. Available milk loads are keeping
     Class III intakes fairly full. Cheddar and Italian supplies are balanced to growing at a
     steady rate. Manufacturers are putting finishing touches to their customers' spring holiday
     commitments. Domestic cheese demand is positively stable as pizzerias currently have solid,
     regular orders and grilling season is approaching. Spot market trading is stable currently.
     Cheddar cheese spot prices are steady to increasing on various pricing indices. The DMN
     Northeast March 2019 monthly average price for cheddar blocks is $2.1705, compared to
     $2.1133 one month ago. Processed 5# sliced average price is $1.8208, compared to $1.7176
     one month ago. Northeast wholesale cheese prices for cheddar and Muenster shifted higher by
     $0.1100, additionally, the process cheese prices increased by $0.0525. The Grade A Swiss
     price is unchanged at this time.

     National Retail Report Dairy ± Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 3/29/2019
      to 4/4/2019
     Cheese 8 oz. Blocks                Weighted Average Price
     National                 This Period      Last Week      Last Year
     Organic                      n.a.            n.a.           n.a.
     Conventional                $2.09           $2.33          $2.02

     Regional (Conventional)   Wtd. Ave.          Low            High
     Northeast                   $2.28           $1.77          $2.99
     Southeast                   $2.45           $1.88          $2.99


     Cheese 8 oz. Shred                 Weighted Average Price
     National                 This Period      Last Week      Last Year
     Organic                      n.a.            n.a.          $3.00
     Conventional                $2.14           $2.22          $2.06

     Regional (Conventional)   Wtd. Ave.          Low           High
     Northeast                   $2.19           $1.77          $3.49
     Southeast                   $2.50           $1.88          $3.00
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 40 pound Block              2.1425-2.4275
     Muenster                            2.1275-2.4775
     Process American 5 pound Sliced     1.7200-2.2000
     Swiss 10-14 pound Cuts              2.9825-3.3050

     Information for the period April 1 - 5, 2019, issued weekly

     Secondary Sourced Information:

     The CME Group March 2019 monthly average price for barrels was $1.4910, compared to $1.3867
      a month ago; blocks¶ average price was $1.5908, up from $1.5589 a month ago.

     This week, a cooperative export assistance program accepted requests for export assistance
     to sell 575,407 pounds (261 metric tons) of cheese.

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

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

     January              61.5              +  3

     Exports ±Destination Country
     1 Mexico             15.6              - 20
     2 South Korea        10.6              + 29
     3 Japan               5.7              -  2
     4 Australia           4.9              + 14
     5 Guatemala           2.4              + 76
     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/