Cheese - Northeast
USDA - Tue Nov 24, 4:55PM UTC
MD_DA810

     Cheese - Northeastern U.S.

     Report 47 - Released on November 18, 2020

     Cheese markets are bearing a softer tone. On the CME Group, cheddar cheese block and barrel
     prices have fallen. Buyers� demands for fresh cheese is slowing a bit. There are some market
     participants purchasing spot orders for their immediate needs. Manufacturers� production
     schedules are fairly strong. Inventory levels are gradually increasing. The foodservice
     sector continues to be challenged with capacity restrictions/shutdowns. Market participants
     report educational institutions� demands are fairly steady for the near term. Numerous
     retailers are promoting a variety of cheese products for the holidays. In addition, grocers
     are adding order online/pick up options to encourage safe shopping.

     In the Northeast, the wholesale cheese prices for both cheddar and Muenster decreased
     $0.4475. In addition, the process cheese price is down $0.4675. The Grade A Swiss price is
     unchanged this week.

     WHOLESALE SELLING PRICES: DELIVERED
     DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))

     Cheddar 40 pound Block              2.6000-2.8875
     Muenster                            2.5875-2.9375
     Process American 5 pound Sliced     2.1025-2.5825
     Swiss 10-14 pound Cuts              3.6675-3.9900


     Information for the period November 16 - 20, 2020, issued weekly

     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