MD DA830 Cheese - Midwest
MADISON, WI. November 28, 2012 (REPORT 48)
Cheese prices on the CME Group were mixed Wednesday with barrels
declining $0.0200 to close at $1.7550 and blocks unchanged at $1.8250.
Weekly average cheese prices on the CME Group moved lower for both
barrels and blocks for the third consecutive week, lowering wholesale
prices for all cheese varieties, except Swiss cuts, which were unchanged.
Cheese production held generally steady to slightly higher over the
holiday period. Demand for cheese remains good for most varieties with
good interest coming from pizza makers. Pepper Jack cheese is also
moving well, which is typical for this time of year. Recent price
declines on CME Group have prompted an increased movement of cheese into
aging programs. Barrel prices have taken the brunt of the price declines
on the CME Group with some buyers holding off purchases to see if prices
will go lower. This situation has brought about an increase in barrel
cheese inventories at some plants. Cheese makers have commented on the
improved quality of milk coming into plants with higher butterfat and
protein levels, which increases their yields. The latest NASS Cold
Storage report shows stocks of natural cheese in cold storage as of
October 31, 2012 totaled 954.0 million pounds, down 4% compared to one
month ago and down 6% from one year ago.
WISCONSIN WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)
Process American 5# Loaf : 1.9200-2.6250
Brick And/Or Muenster 5# : 2.2150-2.7750
Cheddar 40# Block : 2.2150-3.2000
Monterey Jack 10# : 2.1850-3.2000
Blue 5# : 2.4800-3.4650
Mozzarella 5 - 6# (Low Moisture, Part Skim): 2.0600-3.3000
Grade A Swiss Cuts 6 - 9# : 3.1500-3.2675
1:00 CST firstname.lastname@example.org
Midwest Cheese Market
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