Wautoma, WI
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06:24 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 57 to 48 degrees with partly cloudy skies. Winds will remain steady around 5 miles per hour from the northwest. No precipitation is expected.
7-Day Forecast
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Issued at 0:56 AM CDT
Friday...Temperatures will range from a high of 57 to a low of 38 degrees with partly cloudy skies. Winds will range between 4 and 7 miles per hour from the northwest. No precipitation is expected.
Overnight ...Temperatures will range from 47 to 39 degrees with partly cloudy skies. Winds will remain steady around 5 miles per hour from the southwest. No precipitation is expected.
Saturday...Temperatures will range from a high of 66 to a low of 38 degrees with clear skies. Winds will range between 6 and 16 miles per hour from the southwest. No precipitation is expected.

Commodity prices up; All-milk price declines

March 7, 2013 | 0 comments


After several days of declines, the Cheddar cheese prices staged a modest turnaround in the spot market on the Chicago Mercantile Exchange on Wednesday of this week.

Five carloads of Cheddar blocks were sold in the spot market on Wednesday, bringing the week’s told to 10 carload sales. With the help of an unfilled bid to buy five more carloads, the day’s price rose by 2 cents per pound to close at $1.57.

Following five carload sales earlier in the week, the Cheddar barrel market had one sale on Wednesday and one unfilled bid to buy. This raised the price by 2.25 cents to $1.5625 per pound but still down by 1.75 cents from a week earlier while the Cheddar block price was 3.5 cents lower than a week earlier.

Continuing a trend begun last week Friday, the AA butter spot market price tacked on a .25-cent per pound gain as the result of an unfilled bid for one carload on Wednesday to close at $1.6025.

With no activity, the non-fat dry milk spot market prices remained at $1.4975 per pound for Grade A and $1.56 for Grade Extra.

In the dry whey futures market on Wednesday, the prices stood at 61 cents per pound for March and between 54-59.7 cents per pound for all later months of 2013. This suggests a contribution of more than $3 per hundred to the Class III milk price at least through this year.

The Class III milk futures did not follow suit on Wednesday, posting no gains of more than 8 cents per hundred for the coming year along with declines of 9 and 10 cents per hundred, respectively for November and December of 2013.

Late in the day’s trading session, the prices were $16.98 per hundred for March, $17.37 for April, $17.88 for May, and in the $18s for the remainder of 2013 before sliding into the $17s per hundred for the early months of 2014 and dipping to the $15s for the latter part of the year.

The national Class III milk base price for February is $17.25 per hundred. This is down by 89 cents from January but $1.19 per hundred higher than in February of 2012.

Wisconsin continues to ride above the national average by 30 cents on the all-milk price with a projected average of $19.70 per hundred on shipments during February. This is a decrease of 80 cents per hundred from January.

Pennsylvania’s all-milk price dropped by $1 per hundred to $20.40 per hundred while New York was down by 90 cents to $20.10. Projected February prices include $18 per hundred in California, $18.40 in Idaho and New Mexico, and $19.80 in Texas.

Based on the $19.40 national average all-milk price for February, the milk to feed price ratio stands at 1.54 compared to 1.57 for January. Feed prices plugged into the formula included $6.89 per bushel for shelled corn, $14.20 per bushel for soybeans, and $218 per ton for dry alfalfa hay.

Earlier this week, Cooperatives Working Together announced the receipt of a package of 12 bids from Dairy Farmers of America, Foremost Farms USA, Darigold Cooperative, United Dairymen of Arizona, Upstate Niagara O-AT-KA, the Michigan Milk Producers Association, and the Maryland and Virginia Milk Producers Cooperative.

The bids were for financial assistance on the export of 6.36 million pounds of Cheddar and Monterey Jack cheese, 8.779 million pounds of butter, and 85,980 pounds of whole milk powder.

The products are scheduled for delivery to countries in Europe, Asia, North Africa, Oceania, South America, and the Middle East from March to August.

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