Wautoma, WI
Current Conditions
0:56 AM CDT
Cloudy
Temperature
80°F
Dew Point
66°F
Humidity
62%
Wind
NNW at 10 mph
Barometer
29.61 in. F
Visibility
10.00 mi.
Sunrise
05:46 a.m.
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08:20 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 76 to 65 degrees with partly cloudy skies. Winds will range between 8 and 15 miles per hour from the northwest. No precipitation is expected.
7-Day Forecast
Sunday
76°F / 52°F
Partly Cloudy
Monday
74°F / 51°F
Partly Cloudy
Tuesday
77°F / 51°F
Partly Cloudy
Wednesday
76°F / 51°F
Partly Cloudy
Thursday
74°F / 51°F
Partly Cloudy
Friday
74°F / 51°F
Mostly Cloudy
Saturday
79°F / 54°F
Partly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Sunday...Temperatures will range from a high of 76 to a low of 52 degrees with partly cloudy skies. Winds will range between 7 and 15 miles per hour from the northwest. Less than 1 tenth inch of rain is possible.
Overnight ...Temperatures will range from 63 to 52 degrees with clear skies. Winds will range between 7 and 13 miles per hour from the west. No precipitation is expected.
Monday...Temperatures will range from a high of 74 to a low of 51 degrees with partly cloudy skies. Winds will range between 9 and 17 miles per hour from the westnorthwest. No precipitation 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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