Wautoma, WI
Current Conditions
0:56 AM CST
Cloudy
Temperature
26°F
Dew Point
20°F
Humidity
78%
Wind
CM at 0 mph
Barometer
30.24 in. F
Visibility
10.00 mi.
Sunrise
07:20 a.m.
Sunset
05:00 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 21 to 27 degrees with mostly cloudy skies. Winds will remain steady around 4 miles per hour from the northeast. No precipitation is expected.
7-Day Forecast
Tuesday
29°F / 21°F
Mostly Cloudy
Wednesday
33°F / 23°F
Mostly Cloudy
Thursday
31°F / 7°F
Mostly Cloudy
Friday
12°F / 6°F
Partly Cloudy
Saturday
21°F / 10°F
Light Snow
Sunday
20°F / -5°F
Snow
Monday
-3°F / -7°F
Partly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CST
Tuesday...Temperatures will range from a high of 29 to a low of 21 degrees with mostly cloudy skies. Winds will range between 3 and 10 miles per hour from the south. Less than 1 inch of snow is possible.
This Afternoon ...Temperatures will range from 29 to 23 degrees with partly cloudy skies. Winds will remain steady around 4 miles per hour from the east. No precipitation is expected.
This Evening ...Temperatures will remain steady at 22 degrees with mostly cloudy skies. Winds will remain steady around 6 miles per hour from the south. No precipitation is expected.
Overnight ...Temperatures will remain steady at 23 degrees with mostly cloudy skies. Winds will remain steady around 8 miles per hour from the south. No precipitation is expected.
Wednesday...Temperatures will range from a high of 33 to a low of 23 degrees with mostly cloudy skies. Winds will range between 4 and 14 miles per hour from the southsoutheast. No precipitation is expected.

May all-milk prices take a slight dip

June 4, 2014 | 0 comments

CHICAGO, IL

After hitting an all-time high in April, the gross all-milk prices being paid for milk shipped during May are taking a slight dip.

For Wisconsin dairy farmers, who enjoyed a $26.30 average per hundredweight all-milk price in April, the projected average for May is $25.60 — up by $5.20 from May of 2013. The national average predicted for May is $24.70 per hundred, down from $25.30 for April.

Among other top milk production states, the preliminary all-milk prices for May included $22.30 per hundred in California, $23.70 in Idaho, $23.40 in New Mexico, $25 in Michigan, $25.90 in both Minnesota and New York, $26 in Texas, and $26.50 hundred in Pennsylvania.

Twenty of the 23 top states are expecting a price decrease from April to May. A portion of the decrease is due to drop in butterfat averages — 3.77 percent in April to 3.72 in May in Wisconsin, for example, and from 3.71 to 3.66 percent for the nation as a whole.

The Class III milk cash price for May, which was to be announced yesterday (Thursday, June 5), is likely to be within a few cents of $22.55 per hundred. By a margin of nearly $2 per hundred, this will set a record high monthly Class III cash price for the fifth consecutive month.

Commodity markets

High trading volumes and price gains sparked the trading sessions for dairy commodities during the first part of this week in the spot market on the Chicago Mercantile Exchange. During two days last week, the price for Cheddar cheese barrels fell by a total of 11.25 cents per pound while Cheddar blocks were down by 6 cents.

On Wednesday of this week, the Cheddar block price rebounded by 5.50 cents per pound as the result of an unfilled bid to buy one carload. This put the day's closing price at $2.03 per pound.

One carload sale and an unfilled bid to buy two carloads served to boost the Cheddar barrel price by 1 cent per pound to $1.9450 on Wednesday. On Tuesday of this week, 14 carloads of barrels were sold in the spot market while a bid for four carloads of blocks was not filled.

The AA butter spot market grabbed the spotlight on Wednesday with the sale of 12 carloads along with an uncovered offer to sell one carload. Despite all of that activity, the price remained at $2.26 per pound — down by 4 cents for the week.

One carload sale of non-fat dry milk on Wednesday raised the price by .25-cent to $1.86 per pound. Two carloads were sold on Tuesday of this week.

Futures markets

Class III milk futures reacted favorably to the spot market sessions by posting price gains for nearby months on Wednesday morning but then fell sharply during the afternoon. This left the Class III futures price at $21.17 per hundred price for June would still, by some 90 cents per hundred, convert to a new record high Class III cash price for the month.

Based on the current futures price, the string of record high Class III cash prices will end in July. The price cutback on Wednesday afternoon put the July futures at $20.31 compared to cash prices of above $21 per hundred in two previous years.

After that, the futures prices slide by more than $2 per hundred to the lower half of the $18s by early 2015 but they were holding in the $18s through November of 2015.

Dry whey futures prices were up .5-cent per pound for nearby months on Wednesday. That put the June price at 67 cents per pound. The price drops to 59 cents by September but it was at 48.5 cents per pound or higher for all subsequent months through December of 2015.

On Tuesday afternoon of this week, Cooperatives Working Together announced the receipt of 11 bids for financial assistance on the export of 850,984 pounds of Cheddar and Gouda cheese and 434,311 pounds of whole milk powder. The bids came from Dairy Farmers of America, the Michigan Milk Producers Association, Northwest Dairy Association (Darigold), and the Tillamook County Creamery in Oregon.

Those shipments are going to countries in Asia, Central America, the Middle East, North Africa, and other parts of Africa. The deliveries are scheduled from June to November.

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