Wautoma, WI
Current Conditions
0:56 AM CST
Cloudy
Temperature
25°F
Dew Point
21°F
Humidity
84%
Wind
CM at 0 mph
Barometer
30.28 in. F
Visibility
9.00 mi.
Sunrise
07:27 a.m.
Sunset
04:20 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 27 to 23 degrees with mostly clear skies. Winds will remain steady around 4 miles per hour from the southeast. No precipitation is expected.
7-Day Forecast
Friday
27°F / 23°F
Partly Cloudy
Saturday
31°F / 24°F
Partly Cloudy
Sunday
35°F / 28°F
Light Rain/Snow
Monday
34°F / 30°F
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Tuesday
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Light Rain/Snow
Wednesday
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Light Snow
Thursday
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Mostly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CST
Friday...Temperatures will range from a high of 27 to a low of 23 degrees with partly cloudy skies. Winds will range between 3 and 5 miles per hour from the south. No precipitation is expected.
Overnight ...Temperatures will remain steady at 24 degrees with partly cloudy skies. Winds will remain steady around 4 miles per hour from the south. No precipitation is expected.
Saturday...Temperatures will range from a high of 31 to a low of 24 degrees with partly cloudy skies. Winds will range between 4 and 5 miles per hour from the southsoutheast. No precipitation is expected.

Dairy commodity spot markets become active on Wednesday

Sept. 13, 2012 | 0 comments

Following several relatively quiet days, the spot markets for dairy commodities on the Chicago Mercantile Exchange sprung into action on Wednesday of this week.

The day's highlight was the sale of 12 carloads of Cheddar block cheese as the price rose by one cent per pound to $1.84. A bid to buy one more carload was not filled and an offer to sell one carload was not covered.

One sale, unfilled bid, and uncovered offer each occurred in the Cheddar barrel spot market on Wednesday. The highlight of that session was a three cent price increase to $1.80 per pound.

In the AA butter spot market, a two cent per pound price increase restored a portion of the price drop earlier in the week and put the day's closing price at $1.84 per pound. Two carloads were sold and a bid to buy one carload was not filled.

The non-fat dry milk spot market was quiet with prices at $1.70 per pound for Grade A and $1.6350 for Grade Extra.

Dry whey futures posted mixed price changes on Wednesday with closing prices standing at between 57 and 61.525 cents per pound for all months from September through June of 2013 before gradually declining.

Class III milk futures posted modest gains for the final quarter of 2012 but the per hundred prices were still short of $20.

Prices late in the trading session were $18.79 per hundred for September, $19.34 for October, $19.79 for November, and $19.77 for December before a gradual fall to the low $19s and then the low $18s per hundred by late 2013.

The producer price differential in the Upper Midwest Milk Marketing Order 30 for August that was announced on Wednesday of this week is a negative four cents per hundred.

At the most distance milk receiving plants in Order 30, that converts to a negative 24 cents per hundred likely to be reflected in the milk payments for the month.

The volume of milk pooled in Order 30 for August was a recent monthly low of nearly 2.262 billion pounds. That milk had averages of 3.63 percent butterfat, 3.01 percent protein, and 5.74 percent other solids.

Of the pooled milk, the usages were a 2012 low of 73.9 percent in Class III while Class I rose to 14.5 percent and Class II to 8.5 percent. Class IV accounted for 3.1 percent of the usage.

Early this week, Cooperatives Working Together (CWT) announced the acceptance of a package of 11 bids from Dairy Farmers of America, Darigold Cooperative of Seattle, and United Dairymen of Arizona.

The bids were for price assistance on the export of 3.336 million pounds of Cheddar and Monterey Jack cheeses and 385,809 pounds of butter to countries in Asia and Middle East on deliveries scheduled from September through February of 2013.

During 2012, the CWT export assistance program has handled 82.4 million pounds of cheese, 57.1 million pounds of butter, and 123,459 pounds of anhydrous milkfat that were sold to buyers in 34 countries on four continents.

This is the equivalent of approximately 2.006 billion pounds of milk or the average annual milk production by 95,000 dairy cows.

The milk production data for August will be released on Tuesday of next week (Sept. 18).

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