Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
27°F
Dew Point
25°F
Humidity
92%
Wind
CM at 0 mph
Barometer
30.16 in. F
Visibility
10.00 mi.
Sunrise
06:01 a.m.
Sunset
07:50 p.m.
Overnight Forecast (Midnight-7:00am)
Temperatures will range from 35 to 29 degrees with clear skies. Winds will range between 5 and 10 miles per hour from the north. No precipitation is expected.
7-Day Forecast
Wednesday
35°F / 29°F
Clear
Wednesday
55°F / 32°F
Light Rain
Thursday
48°F / 37°F
Scattered Showers
Friday
47°F / 28°F
Mostly Cloudy
Saturday
48°F / 26°F
Partly Cloudy
Sunday
47°F / 30°F
Light Rain
Monday
41°F / 32°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Wednesday...Temperatures will range from a high of 35 to a low of 29 degrees with clear skies. Winds will range between 5 and 10 miles per hour from the northnortheast. No precipitation is expected.
...$dailyWea.get(0).segments.get($o).statement
Overnight ...Temperatures will range from 35 to 29 degrees with clear skies. Winds will range between 5 and 10 miles per hour from the north. No precipitation is expected.
Wednesday...Temperatures will range from a high of 55 to a low of 32 degrees with mostly cloudy skies. Winds will range between 5 and 16 miles per hour from the southeast. 0.32 inches of rain are 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.

Post a Comment

Limit of 2000 characters,  characters remaining

Preview

Discussion guidelines | Privacy policy | Terms of use

Please login to post a comment.

Page Tools

Search

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement