Cheese - Northeast
- Wed Aug 05, 3:55PM UTC
MD_DA810

     Cheese - Northeastern U.S.

     Report 32 - Released on August 05, 2020

     Cheese demands from the foodservice sector are slowing in the East. Some restauranteurs and
     retailers have pulled back on ordering. CME Group cheese block and barrel prices are
     tumbling downwards. Manufacturers are preparing for a decrease in demand from educational
     institutions. Cheese makers are receiving adequate milk volumes for strong cheese production
     schedules. Supplies are available and some inventory levels are growing for spot/contract
     needs. There are many uncertainties in the market. Industry contacts are waiting to see how
     the end of the week plays out for the cheese markets.

     In the Northeast, the wholesale cheese prices for both cheddar and Muenster dropped
     $0.2575. The process cheese prices decreased $0.0675. The Grade A Swiss price is unchanged
     this week.

     The DMN Northeast July 2020 monthly average price for cheddar blocks is $3.3030, compared
     to $3.0335 one month ago. Processed 5# sliced average price is $2.7499, compared to $2.5797
      one month ago.
     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 40 pound Block              2.8075-3.0950
     Muenster                            2.7950-3.1450
     Process American 5 pound Sliced     2.4875-2.9675
     Swiss 10-14 pound Cuts              2.9000-3.2225

     Information for the period August 3 - 7, 2020, issued weekly

     Secondary Sourced Information:

     The CME Group July 2020 monthly average price for barrels was $2.4080, compared to $2.3376
     a month ago; blocks� average price was $2.6466, up from $2.5620 a month ago.

     This week, a cooperative export assistance program accepted requests for export assistance
     to sell 94,799 pounds (43 metric tons) of cheese and 597,453 pounds (271 metric tons) of
     cream cheese.

     DAIRY PRODUCTS REPORT � CHEESE SUMMARY
     Released August 4, 2020, by the National Agricultural Statistics Service (NASS),
     Agricultural Statistics Board, United States Department of Agriculture (USDA).

     Cheese Production � United States: June 2019 and 2020
                      Monthly Production (1000 pounds)     Percent Change from
     Total Cheese 1        June         May        June        June       May
      Region              2019        2020        2020        2019      2020
     United States   1,067,702   1,101,005   1,104,659         3.5       0.3

       Atlantic        126,290     133,706     128,506         1.8      -3.9
       Central         493,352     509,525     516,155         4.6       1.3
       West            448,060     457,774     459,998         2.7       0.5

                      Monthly Production (1000 pounds)      Percent Change from
     American Cheese 2    June         May        June        June       May
      Region              2019        2020        2020        2019      2020
     United States     427,638     442,282     438,248         2.5      -0.9

       Atlantic         28,208      28,382      28,157        -0.2      -0.8
       Central         213,321     221,418     222,138         4.1       0.3
       West            186,109     192,482     187,953         1.0      -2.4

                      Monthly Production (1000 pounds)      Percent Change from
     Italian Cheese       June         May        June        June       May
      Region              2019        2020        2020        2019      2020
     United States     461,688     480,614     475,313         3.0      -1.1

       Atlantic         57,133      60,716      56,433        -1.2      -7.1
       Central         186,168     196,143     192,056         3.2      -2.1
       West            218,387     223,755     226,824         3.9       1.4

     Cheese Production � Cumulative Production January - June
                          Cumulative Production   Percent Change
                            (1000 pounds)              from
     Cheese Type               2019         2020       2019
     Total cheese 1        6,501,285    6,535,632        0.5
     American Cheese 2     2,595,659    2,633,688        1.5
     Italian Cheese        2,828,588    2,827,448        ...

     1/ Excludes cottage cheese.
     2/ Includes cheddar, colby, washed curd, stirred curd, Monterey and jack.

     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