MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  November 18, 2009 (REPORT 46)                      

NORTHEAST WHOLESALE CHEESE:                                      

The weekly average cheese prices on the CME Group were mixed as barrels declined 
and blocks advanced. As a result process declined, cheddars and Muenster 
advanced, while Swiss cuts remained unchanged.  Seasonal production declines and 
strong Class I demand limit manufacturing supplies for cheese makers.  Due to 
the tight fluid supplies, some cheese makers have modified their production 
schedules to include weekends when milk supplies are more readily available. 
According to the latest Foreign Agricultural Statistics report, imports of high 
tier and quota cheese from January through October this year totaled 183.3 
million pounds. Imports of quota cheese through October totaled 164 million 
pounds, 13.3% above the same period last year and 54.8% of the annual quota.  
Imports of high tier cheese through this October total 19.3 million pounds, down 
26.1% from the same period in 2008.
                                                                 
WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 10# Prints                           : 1.7950-2.3150     
Cheddar Single Daisies                       : 1.7525-2.2375     
Cheddar 40# Block                            : 1.8500-2.1250     
Process 5# Loaf                              : 1.5525-1.7925     
Process 5# Sliced                            : 1.5675-1.8775     
Muenster                                     : 1.8700-2.0675     
Grade A Swiss Cuts 10 - 14#                  : 3.0525-3.3750