MD_DA830
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MD DA830 Cheese - Midwest
MADISON, WI. October 10, 2012 (REPORT 41)
MIDWEST CHEESE:
CME cheese prices are unchanged through Wednesday this week, with no sales,
leaving blocks at $2.10 and barrels at $2.06. The combined facts of these
price levels and the release last week of Dairy Products showing total
August cheese production to be up from July, even during a hot and dry
summer, causes some observers to pause as they ponder anticipated cheese
market pricing trends. A number of manufacturers in the region report that
cheese production is in good general balance with sales. Orders are being
met and if extra cheese can be occasionally manufactured, continuing buyers
are ready customers. Little motivation exists to look for additional milk
beyond the general range of orders, due to continuing class premiums. Dairy
Products (NASS) shows that central state total cheese production during
August was up 2.9% from July while national cheese production was up 0.5%.
Compared with August last year, Central cheese production was up 6.4%
compared with 2.6% nationally. Total cheese production during August in the
individually listed Midwest states and percentage of the Midwest state
total, includes Wisconsin, 233.7 million pounds, 67.1%; Minnesota, 50.8
million pounds, 14.6%; South Dakota, 22.0 million pounds, 6.3%; Iowa, 20.0
million pounds, 5.7%; Ohio, 15.6 million pounds, 4.5%; and Illinois, 6.2
million pounds, 1.8%. Italian cheese production nationally in August, 370.4
million pounds, was up 0.5% from July and up 1.9% from August 2011.
Wisconsin leads the states in producing Italian cheese, with 118.7 million
pounds, 9.2% higher than July and 7.3% higher than August last year. While
California is second with 112.5 million pounds, production was down 4.2%
from July and down 1.6% from August 2011. Observers note that the aging
required of Italian varieties and the continuing expansion of cold storage
capacity in the Midwest and Wisconsin in particular, helps expand Italian
cheese production in Wisconsin. Wisconsin led the states in American cheese
production during August with 33.8% of production for the listed states,
68.4 million pounds toward the national total of 353.5 million pounds, down
0.7% from July but 4.5% above August last year. Of the three largest
American cheese producing states during August this year, Wisconsin was up
4.9% from July, Idaho was up 3.5% and California was up 1.9%. Wisconsin
also led the states in cheddar cheese production during August with 27.7% of
production for the listed states, 45.1 million pounds toward the national
total of 250.7 million pounds, down 3.1% from July but 3.1% above August
last year. Cooperatives Working Together (CWT) has accepted requests for
export assistance to sell 1.056 million pounds (479 metric tons) of Cheddar
and Monterey Jack cheese. The product will be delivered October 2012 through
April 2013. During 2012, CWT has assisted member cooperatives in making
export sales of Cheddar, Monterey Jack and Gouda cheese totaling 96.9
million pounds.
WISCONSIN WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)
Process American 5# Loaf : 2.2375-2.9425
Brick And/Or Muenster 5# : 2.4850-3.0450
Cheddar 40# Block : 2.4850-3.4700
Monterey Jack 10# : 2.4550-3.4700
Blue 5# : 2.7500-3.7350
Mozzarella 5 - 6# (Low Moisture, Part Skim): 2.3300-3.5700
Grade A Swiss Cuts 6 - 9# : 3.0050-3.1225
1:00 CDST eric.graf@ams.usda.gov
Midwest Cheese Market
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