Wautoma, WI
Current Conditions
0:56 AM CST
Cloudy
Temperature
35°F
Dew Point
32°F
Humidity
89%
Wind
SE at 5 mph
Barometer
29.91 in. F
Visibility
7.00 mi.
Sunrise
07:29 a.m.
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04:22 p.m.
Overnight Forecast (Midnight-7:00am)
Temperatures will range from 34 to 32 degrees with mostly cloudy skies. Winds will remain steady around 12 miles per hour from the south.
7-Day Forecast
Monday
34°F / 32°F
Light Snow
Monday
38°F / 32°F
Light Rain/Snow
Tuesday
36°F / 28°F
Scattered Showers
Wednesday
32°F / 23°F
Mostly Cloudy
Thursday
28°F / 22°F
Mostly Cloudy
Friday
33°F / 25°F
Snow
Saturday
26°F / -1°F
Light Snow
Detailed Short Term Forecast
Issued at 0:56 AM CST
Monday...Temperatures will range from a high of 34 to a low of 32 degrees with mostly cloudy skies. Winds will range between 11 and 13 miles per hour from the southsoutheast. Less than 1 inch of snow is possible.
...$dailyWea.get(0).segments.get($o).statement
Overnight ...Temperatures will range from 34 to 32 degrees with mostly cloudy skies. Winds will remain steady around 12 miles per hour from the south.
Monday...Temperatures will range from a high of 38 to a low of 32 degrees with cloudy skies. Winds will range between 10 and 18 miles per hour from the east. 0.49 inches of rain are expected. 1.00 inch of snow is expected.

Global dairy report predicts supply scarcity

Oct. 11, 2012 | 0 comments

In a quarterly dairy report the international agricultural banking giant Rabobank found a return to "milk scarcity" based on low milk prices, extreme feed costs and drought.

In the analysis of both the supply and demand sides of the equation, done by the bank's Food and Agribusiness Research and Advisory group, the Netherlands-based financial company concluded that there has been a "substantial slowdown" in milk production growth in export regions.

That has coupled with strong buying from importing regions to create what their analysts believe will be a scarcity of milk supplies in many regions leading to stronger milk prices in the next year.

Falling milk production in both the United States and European Union drove local wholesale prices up rapidly in the third quarter, the report noted, while production in Oceania reflected better supplies.

Milk production growth will "slow to a trickle" over the next 12 months, the report found, as farmers in key export regions respond to low milk prices, high feed costs and pockets of unfavorable weather.

Factoring in even slight consumption growth in the United States and Europe, this will reduce the volume of surplus product available for international sale from these key export regions.

"Assuming a steady rise in demand for imported product, prices will thus need to rise substantially to achieve the required demand rationing to balance the international market," the report's summary noted.

This will likely, in their analysis, send prices toward the higher end of the trading range for products sold in international trade.

The report finds that in the coming months, dairy products available for export from the top seven export regions - Europe, Australia, New Zealand, Brazil, Argentina, Uruguay and the United States - will be lower for the first time in four years.

The analysis also predicted increased growth of consumer demand in developing economies, which will contribute to more demand for dairy.

Rabobank expects to see world demand continue to strengthen over the rest of this year and the first half of next year which will contribute to price recovery for dairy producers.

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