Wautoma, WI
Current Conditions
0:56 AM CDT
Partly Cloudy
Temperature
30°F
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28°F
Humidity
92%
Wind
CM at 0 mph
Barometer
30.31 in. F
Visibility
10.00 mi.
Sunrise
07:19 a.m.
Sunset
06:03 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 40 to 35 degrees with clear skies. Winds will remain steady around 7 miles per hour from the east. No precipitation is expected.
7-Day Forecast
Tuesday
40°F / 33°F
Clear
Wednesday
55°F / 33°F
Sunny
Thursday
49°F / 41°F
Light Rain
Friday
59°F / 45°F
Partly Cloudy
Saturday
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Sunny
Sunday
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Partly Cloudy
Monday
66°F / 46°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Tuesday...Temperatures will range from a high of 40 to a low of 33 degrees with mostly clear skies. Winds will range between 5 and 7 miles per hour from the east. No precipitation is expected.
Overnight ...Temperatures will remain steady at 34 degrees with mostly clear skies. Winds will remain steady around 6 miles per hour from the east. No precipitation is expected.
Wednesday...Temperatures will range from a high of 55 to a low of 33 degrees with mostly clear skies. Winds will range between 2 and 3 miles per hour from the southsoutheast. No precipitation is expected.

Cheese prices zoom to spot market record highs

March 26, 2014 | 0 comments

CHICAGO, IL

With a 6.75-cent per pound price jump on Monday of this week, Cheddar barrel cheese set a new record high record of $2.3775 in the spot market on the Chicago Mercantile Exchange. Nine carloads were sold during the day's trading session.

An uncovered offer to sell one carload shaved 1.75-cent from the barrel price on Tuesday of this week, leaving it at $2.36 per pound. This matches the record high price that Cheddar blocks had hit in early February.

The Cheddar block spot market broke through its earlier price record two weeks ago as a result of unfilled bids to buy and began this week at $2.4275 per pound. On Monday of this week, another unfilled bid tacked one cent onto the block price for a new record high of $2.4375 per pound. Through Tuesday of this week, no blocks had been sold in the spot market during all of March.

The spot market price for AA butter also continued to rise through early this week. Following small daily gains, the price had risen to $1.95 per pound by Tuesday of this week. One carload was sold and one bid to buy was not filled on Tuesday.

Futures markets

Class III milk futures market prices for nearby months were also standing at record highs despite small losses during the market on Tuesday of this week. Prices stood at $23.25 per hundred for March, $23.70 for April, $21.75 for May, $20.55 for June, $20.55 for July, and $20.03 for August before slipping to the $19s and $18s per hundred for the final months of 2014.

Strong prices also persisted in the futures market for dry whey. Going into mid-week, they were in a range from the high of 66.5 cents per pound for April to the low of 57.175 cents for December. Each one cent of the dry whey price is worth about six cents per hundred in the Class III milk price.

The national Class I fluid milk base price for April is $23.65 per hundred. This is an increase of 1 cent from the March price.

Earlier this week, Cooperatives Working Together the receipt of 15 bids for financial assistance on the export of 2.094 million pounds of Cheddar cheese, 1.185 million pounds of 82-percent butter, and 308,647 pounds of whole milk powder to countries in Africa and North Africa, Central America, Asia, and the Middle East. Deliveries were scheduled from March to August.

The bids were submitted by Foremost Farms USA, Dairy Farmers of America, Tillamook Creamery, the Michigan Milk Producers Cooperative, and the Maryland and Virginia Milk Producers Association.

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