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Temperatures will range from 50 to 47 degrees with cloudy skies. Winds will range between 12 and 16 miles per hour from the southeast. Rain amounts between a tenth and quarter of an inch are predicted.
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Thursday...Temperatures will range from a high of 50 to a low of 38 degrees with cloudy skies. Winds will range between 6 and 16 miles per hour from the westnorthwest. 0.23 inches of rain are expected.
Overnight ...Temperatures will range from 47 to 38 degrees with cloudy skies. Winds will range between 6 and 15 miles per hour from the west. Rain amounts of less than a tenth of an inch are expected.
Friday...Temperatures will range from a high of 60 to a low of 31 degrees with mostly clear skies. Winds will range between 14 and 16 miles per hour from the westnorthwest. No precipitation is expected.

Dairy commodity markets post steady price gains

July 19, 2012 | 0 comments

Until Wednesday of this week, Cheddar cheese and AA butter prices were posting small daily gains in the spot market on the Chicago Mercantile Exchange.

That trend hiccupped on Wednesday with a 2.75-cent decline in the price for Cheddar barrels on a market day with two carload sales and uncovered offer to sell one carload.

The price closed at $1.6975 per pound after hitting a high for the year.

Cheddar blocks held at $1.72 per pound, also a high for 2012, on Wednesday. The day's market activity was one carload sale and one uncovered offer to sell.

Following one unfilled bid, the AA butter spot market price held at $1.58 per pound on Wednesday. That market had picked up three cents per pound earlier in the week.

The non-fat dry milk spot market prices also remained at highs for the year on a quiet market day. The prices are $1.29 per pound for Grade A and $1.1950 for Grade Extra.

Reflecting the setback on the Cheddar barrel price, the Class III milk futures for the upcoming three months shed 23 to 26 cents per hundred on Wednesday after also setting price highs earlier in the week.

Closing futures prices were $16.69 per hundred for July, $17.80 for August, $18.82 for September, $18.57 to $18.61 for October, November, and December, and in the lower $18s and high $17s per hundred for all months in 2013.

Futures prices for dry whey were also in red ink territory for nearby months on Wednesday but they were still above 58 cents per pound for September through December of this year. Then they trend downward, holding at 50 cents of above, however, for the first nine months of 2013.

In one of the largest volume transactions ever, Cooperatives Working Together has accepted a package of seven bids from Dairy Farmers of America, Land O'Lakes, Darigold Cooperative, and United Dairymen of Arizona.

These groups are requesting export assistance on the sale of 10.018 million pounds of butter and Cheddar cheese to countries in Asia, North Africa, and the Middle East. Deliveries are scheduled from July through December.

The national milk production numbers for June were released on Thursday afternoon (July 19).

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