MD_DA810                                                         
DA                                                               
MD DA810 Cheese - Northeast                                      

MADISON, WI.  November 24, 2009 (REPORT 47)                      

NORTHEAST WHOLESALE CHEESE:                                      

Weekly average cheese prices on the CME Group were again mixed this week with 
blocks advancing and barrels declining.  As a result wholesale cheese prices for 
cheddar and Muenster increased, processed cheeses declined and Swiss cuts were 
unchanged.  Production continues to be active as cheese makers continue to fill 
holiday and other orders.
The latest NASS Cold Storage report shows stocks of natural cheese in cold 
storage as of October 31, 2009 total 968.4 million pounds, 2% below one month 
ago, but 17% higher than one year ago.  A majority of the holdings are in the 
form of American cheese (59.9%) totaling 579.6 million pounds, 3% below one 
month ago, but 7% higher than one year ago. The next highest natural cheese 
holdings in cold storage are in the form of Other Natural Cheese, (37.7%) 
totaling 365.3 million pounds, equal to one month ago and 37% higher than one 
year ago.  Swiss cheese accounts for 2.4% of holdings at 23.5 million pounds, 2% 
more than one month ago and 7% more than one year ago.
                                                                 
WHOLESALE SELLING PRICES: DELIVERED,                             
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)                
                                                                 
Cheddar 10# Prints                           : 1.8100-2.3300     
Cheddar Single Daisies                       : 1.7675-2.2525     
Cheddar 40# Block                            : 1.8650-2.1400     
Process 5# Loaf                              : 1.5325-1.7725     
Process 5# Sliced                            : 1.5475-1.8575     
Muenster                                     : 1.8850-2.0825     
Grade A Swiss Cuts 10 - 14#                  : 3.0525-3.3750