Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
72°F
Dew Point
56°F
Humidity
57%
Wind
W at 8 mph
Barometer
29.98 in. F
Visibility
10.00 mi.
Sunrise
05:42 a.m.
Sunset
08:23 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 64 to 81 degrees with clear skies. Winds will range between 12 and 16 miles per hour from the west. No precipitation is expected.
7-Day Forecast
Thursday
84°F / 61°F
Sunny
Friday
80°F / 55°F
Sunny
Saturday
79°F / 59°F
Scattered Showers
Sunday
82°F / 61°F
Scattered Showers
Monday
80°F / 50°F
Scattered Showers
Tuesday
71°F / 50°F
Partly Cloudy
Wednesday
78°F / 51°F
Mostly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Thursday...Temperatures will range from a high of 84 to a low of 61 degrees with mostly clear skies. Winds will range between 5 and 18 miles per hour from the west. No precipitation is expected.
This Afternoon ...Temperatures will range from 84 to 81 degrees with mostly clear skies. Winds will range between 11 and 18 miles per hour from the west. No precipitation is expected.
This Evening ...Temperatures will range from 79 to 63 degrees with mostly clear skies. Winds will range between 5 and 12 miles per hour from the west. No precipitation is expected.
Overnight ...Temperatures will remain steady at 62 degrees with mostly clear skies. Winds will remain steady around 7 miles per hour from the west. No precipitation is expected.
Friday...Temperatures will range from a high of 80 to a low of 55 degrees with mostly clear skies. Winds will range between 6 and 18 miles per hour from the west. No precipitation is expected.

Dairy product market in early summer slump

June 27, 2013 | 0 comments

Prices for manufactured dairy products in the spot market on the Chicago Mercantile Exchange continued on a downward slope through Wednesday of this week. Nearby month Class III milk futures prices also tumbled within the past week.

The AA butter spot market led the way on Wednesday as the price fell by another 4 cents per pound to close at $1.4275 - the lowest price since February of 2012.

One carload sale and an offer to sell one carload made up the day's market session.

Cheddar cheese followed suit on Wednesday with 1.75 and 1-cent per pound declines respectively for barrels and blocks, putting their closing prices at $1.64 and $1.6775 per pound.

Three carloads of blocks were sold and an offer to sell one carload was not covered during the day's session.

In a quiet non-fat dry milk spot market, the prices stood at $1.73 per pound for Grade and $1.70 for Grade Extra.

Dry whey futures prices, which have shown a bit of weakness recently, were in a tight range of 56-57.75 cents per pound for the remaining months of 2013 before falling to an average of 50 cents per pound for the first half of 2014.

The most striking price change during the week ending on Wednesday was the plunge in Class III milk futures for July and August.

The 7-cent cutback for July by mid-day on Wednesday put the month's trading price at $17.03 per hundred - down by 97 cents from a week earlier.

Wednesday's mid-day August trading price of $17.61 per hundred was down by 87 cents per hundred from a week earlier.

Later months of 2013 were holding in the low $18s per hundred while the lower $17s prevailed for the first half of 2014.

Cooperatives Working Together has received a batch of 10 bids from Dairy Farmers of America and Darigold Cooperative of Seattle.

The bids were for financial assistance on the export of 3.439 million pounds of Cheddar, Gouda, and Monterey Jack cheese to countries in Asia, North Africa, and the Middle East on deliveries scheduled from June through October.

This program is supported by a voluntary checkoff of 4 cents per hundred of milk (up from 2 cents as of July) by members of cooperatives who are part of the National Milk Producers Federation.

Federal Milk Income Loss Contract (MILC) payments have resumed to dairy farmers who still have eligibility (up to 2.985 million pounds of milk) for the 2013 fiscal year.

Those amounts were 11.8 cents per hundred for January, 52.22 cents for February, 75.46 cents for March, and 69.88 cents for April. Those payments were triggered by the high costs of feed.

University of Wisconsin-Madison dairy economist Brian Gould has calculated a potential payment of 69.79 cents per hundred to eligible producers for the milk they shipped in May.

For several subsequent months, however, he doesn't expect any MILC payments because of the combination of slightly lower feed prices and higher milk prices - a factor that might have changed because of the sharp declines in Class III milk futures this week. Gould runs the calculations on Fridays.

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