MD_DA810

     Cheese - Northeastern U.S.

     Report 2 - Released on January 09, 2019

     Cheese production is active in the region, as milk continues to be readily accessible for
     cheese makers. Some operations are at full capacity currently. Supplies are stable to
     growing, as cheese production schedules have increased. Pizzerias' mozzarella orders are
     strong, as educational institutions are back from holiday break. Moreover, retail cheese
     demand is stable, as various grocers are revving up for the Super Bowl next month. Spot
     market trading activity is steady to a bit slower right now due to many market participants
     adjusting to Q1 2019 contracts. The DMN Northeast December 2018 monthly average price for
     cheddar blocks is $1.9664, compared to $2.1458, the 2018 yearly average. Processed 5#
     sliced average price is $1.6513, compared to $1.7991, the 2018 yearly average. Northeast
     wholesale cheese prices for cheddar and Muenster shifted up by $0.0475, moreover the
     process cheese prices moved up by $0.0125. The Grade A Swiss price declined $0.0625
     following the release of the December 2018 Announcement of Class and Component Prices.
     Additionally, the Class III skim milk price for December 2018 saw a 58 cents decline.

     National Retail Report Dairy ± Cheese Summary
     Advertised Prices at Major Retail Supermarket Outlets ending during the period of 1/4/2018
     to 1/10/2018

     Cheese 8 oz. Blocks             Weighted Average Price
     National               This Period    Last Week    Last Year
      Organic                   n.a.          n.a.       $3.04
      Conventional             $2.27         $1.92       $2.27

     Regional (Conventional)  Wtd. Ave.       Low         High
      Northeast                $2.21         $1.66       $2.99
      Southeast                $2.30         $1.67       $3.00

     Cheese 8 oz. Shred             Weighted Average Price
     National               This Period    Last Week    Last Year
      Organic                   n.a.          n.a.       $3.00
      Conventional             $2.06         $2.14       $2.32

     Regional (Conventional)  Wtd. Ave.       Low         High
      Northeast                $2.12         $1.49       $2.99
      Southeast                $1.95         $1.23       $2.99
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 40 pound Block              1.8750-2.1600
     Muenster                            1.8600-2.2100
     Process American 5 pound Sliced     1.4350-1.9150
     Swiss 10-14 pound Cuts              3.1750-3.4975


     Information for the period January 7 - 11, 2019, issued weekly

     Secondary Sourced Information:

     The CME Group December 2018 monthly average price for barrels was $1.2829, compared to
     $1.4198, the 2018 yearly average; blocks¶ average price was $1.3764, down from $1.5460, the
     2018 yearly average.

     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: Jessica.Mueller@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home