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Cheese Producers News: Northeastern U.S. Cheese Market Overview

Cheese producers in the Northeastern U.S. are reporting steady to lower milk volumes, with some members of the industry dealing with the impacts of localized rain and flooding. Production levels have been affected, but some cheese plant managers have been able to reallocate milk intended for Class III manufacturing to other areas not as heavily impacted.

The national retail report last week revealed 6-8 ounce packages to be the most popular cheese product on offer, with an advertised average price of $2.44. Meanwhile, market prices for cheese blocks on industry cash exchanges closed at $1.3525 last Wednesday, then rose to $1.5000 at the time of this reportís publishing. In the Northeast, wholesale prices for cheddar and muenster are up from last week by $0.0425 while process cheese prices are down by $0.0325, with Grade A Swiss prices remaining the same.

Consumer Pricing Overview

Cheddar 40 pound Block (Northeastern U.S.)

Low: 1.8400 | High: 2.1275 | Report Date: 2023-07-12 | Price Range (2023-07-10 - 2023-07-14)

Muenster (Northeastern U.S.)

Low: 1.8275 | High: 2.1775 | Report Date: 2023-07-12 | Price Range (2023-07-10 - 2023-07-14)

Process American 5 pound Sliced (Northeastern U.S.)

Low: 1.4550 | High: 1.9350 | Report Date: 2023-07-12 | Price Range (2023-07-10 - 2023-07-14)

Swiss 10-14 pound Cuts (Northeastern U.S.)

Low: 3.5400 | High: 5.8625 | Report Date: 2023-07-12 | Price Range (2023-07-10 - 2023-07-14)

U.S. Trade

U.S. cheese and curd exports (United States Department of Agriculture - Foreign Agriculture Service) experienced a year-to-date drop of 4%, but May showed an improvement of 18%. These exports are mainly going to Mexico, South Korea, Japan, Australia and Guatemala.

Imports for consumption (United States Department of Agriculture - Foreign Agriculture Service) year-over-year rose by 2%, with the majority of imports coming from Italy, France, Netherlands, Spain and Nicaragua.

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Current Week CME
Cheese Market Avg
2023-10-09 - 2023-10-11

Barrel : $1.602 $0.049
Block : $1.703 $0.001

Previous Week CME
Cheese Market Avg
2023-10-02 - 2023-10-06

Barrel : $1.553 $0.035
Block : $1.702 $-0.045

Last Month CME
Cheese Market Avg
October 2023

Barrel : $1.571 $-0.135
Block : $1.702 $-0.153

Previous Month CME
Cheese Market Avg
September 2023

Barrel : $1.707 $-0.032
Block : $1.855 $-0.033