MD_DA830
DA
MD DA830 Cheese - Midwest
MADISON, WI. January 09, 2013 (REPORT 2)
MIDWEST CHEESE:
Milk is readily available to cheesemakers at "decent prices", but not
as much below class as the weeks prior to the end of last year.
There is enough confidence in near future milk supplies that some
manufacturers are now working on orders for export cheese that will
be shipped soon. These export sales are also being pursued by cheese
manufacturers because domestic cheese orders are more "sluggish" than
had been expected, possibly because retailers are not fully confident
about downside market risk. This week through Wednesday, Barrels are
down 3 cents to $1.6900 and Blocks down 4 cents to $1.7200. The
National Dairy Retail Report found a 37.0% decline in cheese
advertising volume nationally compared with two weeks ago. For the
two most advertised package sizes, the weighted average advertised
price increased. The most advertised package size nationally, 8
ounce shredded with 34.4% of ads, had a 6.5% average price increase
to $2.47 while the second most advertised size, 8 ounce blocks with
27.8%, had an 8.7% increase to $2.49. In Midwest newspapers, 8 ounce
block ads lead with 31.5%, followed by 8 ounce shredded at 30.9%.
NASS reported late last week that total cumulative cheese production
through November, 9.9 billion pounds, was up 2.5% from the same
period of 2011. Cooperatives Working Together (CWT) has accepted 10
requests for export assistance to sell 1.358 million pounds (616
metric tons) of Cheddar and Monterey Jack cheese, for delivery
January through July 2013. These are the first CWT-assisted sales of
the New Year.
WISCONSIN WHOLESALE SELLING PRICES: DELIVERED,
DOLLARS PER POUND (1000 - 5000 POUNDS MIXED LOTS)
Process American 5# Loaf : 1.9125-2.6175
Brick And/Or Muenster 5# : 2.1475-2.7075
Cheddar 40# Block : 2.1475-3.0200
Monterey Jack 10# : 2.1175-3.0200
Blue 5# : 2.4125-3.3975
Mozzarella 5 - 6# (Low Moisture, Part Skim): 1.9925-3.1200
Grade A Swiss Cuts 6 - 9# : 3.3575-3.4750
1:00 CST eric.graf@ams.usda.gov
Midwest Cheese Market
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