MD_DA810

     Cheese - Northeastern U.S.

     Report 24 - Released on June 13, 2018

     Milk volumes in the Northeast are heavy and putting some pressure on cheese plants. Some
     operations¶ production schedules are shortened for maintenance and their operations are not
     able to take in as much milk this week. Overall, cheese facilities are at lower to full
     capacity. Cheddar cheese processing is stable to a tad lower as production needs are
     decreased. Provolone and mozzarella production are steady and strong as milk is readily
     available. General cheese supplies are steady to growing. The demand for cheddar and
     mozzarella is steady to somewhat slowed down, however sliced provolone demand is currently
     stable. Spot market activity is steady to slightly increased as cheese barrels had some
     uptick in interest. With some international markets changing trading regulations, many
     market participants anticipate a change in general market cheese prices. The process cheese
     price decreased $0.0225. Moreover, the wholesale price for cheddar and Muenster declined
     $0.0125. The Grade A Swiss price is unchanged.

     National Retail Report Dairy ± Cheese Summary
     Advertised Prices for Cheese at Major Retail Supermarket Outlets ending during the period of
     06/08/2018 to 06/14/2018

                            Weighted Average Price
                      This Period     Last Week     Last Year
     Cheese 8 oz. Blocks
       Conventional      2.13           2.39           2.41
                                Conventional
                            Wtd. Ave.    Range
             Regional
             Northeast        2.06      1.67-3.00
             Southeast        2.18      2.00-2.50

                           Weighted Average Price
                      This Period     Last Week     Last Year
     Cheese 8 oz. Shred
       Conventional      2.33           2.34           2.37
                              Conventional
                           Wtd. Ave.    Range
           Regional
           Northeast        2.27      1.66-3.00
           Southeast        2.37      1.66-3.00
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 40 pound Block              2.0525-2.3375
     Muenster                            2.0375-2.3875
     Process American 5 pound Sliced     1.6575-2.1375
     Swiss 10-14 pound Cuts              3.0275-3.3500

     Information for the period June 11 - 15, 2018, issued weekly

     Secondary Sourced Information:

     2018 U.S. Cheese and Curd Exports (USDA-FAS)

                      2018 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     April                72.5              + 22

     TOTAL, JAN - APR    268.5              + 14
     1 Mexico             72.7              +  6
     2 South Korea        42.9              + 13
     3 Japan              28.2              + 34
     4 Australia          19.4              -  5
     5 China              13.2              + 65
     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