Wautoma, WI
Current Conditions
0:56 AM CDT
Cloudy
Temperature
37°F
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29°F
Humidity
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Wind
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Sunrise
06:11 a.m.
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Evening Forecast (7:00pm-Midnight)
Temperatures will range from 45 to 30 degrees with clear skies. Winds will range between 5 and 12 miles per hour from the northwest. No precipitation is expected.
7-Day Forecast
Thursday
45°F / 26°F
Partly Cloudy
Friday
51°F / 27°F
Partly Cloudy
Saturday
64°F / 30°F
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Sunday
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Light Rain
Monday
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Tuesday
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Mostly Cloudy
Wednesday
51°F / 33°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Thursday...Temperatures will range from a high of 45 to a low of 26 degrees with partly cloudy skies. Winds will range between 5 and 12 miles per hour from the northnorthwest. No precipitation is expected.
Overnight ...Temperatures will range from 28 to 26 degrees with partly cloudy skies. Winds will remain steady around 5 miles per hour from the northwest. No precipitation is expected.
Friday...Temperatures will range from a high of 51 to a low of 27 degrees with partly cloudy skies. Winds will range between 4 and 6 miles per hour from the east. No precipitation is expected.

Price erosion takes hold in dairy commodity market

Jan. 10, 2013 | 0 comments

Following price drops earlier in the week, the spot markets for Cheddar cheese and AA butter were quiet on Wednesday of this week at the Chicago Mercantile Exchange.

The day's prices for both Cheddar blocks and barrels were down by four cents per pound from a week earlier, closing at $1.72 and $1.69 per pound, respectively.

Seven carloads of barrels and one of blocks were sold earlier in the week.

The AA butter spot market slid by another 3.5 cents per pound on Tuesday of this week, leaving it at $1.45 per pound.

Two carloads were sold earlier in the week.

What was unusual in the spot market on Wednesday was a bit of activity for non-fat dry milk.

One carload of Grade A was sold as the price slipped by .25-cent to $1.5475 per pound while Grade Extra remained at $1.56.

Dry whey futures prices increased slightly for January on Wednesday to put the price at 63.75 cents per pound near the end of the day's trading session.

Red ink prevailed for most other months in 2013, however, with prices on a gradual decline from the 58 cents per pound for February to 53.5 cents by December.

Class III milk futures were mixed on Wednesday of this week with modest losses being posted in trading for the first half of 2013 and slight gains occurring for the latter half of the year.

As a result, the day's closing prices stood at $17.97 per hundred for both January and March and $17.68 for February.

All other months of 2013 were still in the $18s per hundred before a sharp decline to the low $15s per hundred by late 2014.

The national Class III base price for milk shipped in December is $18.66 per hundred.

This was a decline of $2.17 per hundred from November and was 11 cents less than in December of 2011.

Cooperatives Working Together has received a total of 10 bids from Darigold Cooperative, United Dairymen of Arizona, and the Michigan Milk Producers Association.

The bids were for price assistance on the export of 1.358 million pounds of Cheddar and Monterey Jack cheese, 2.519 million pounds of butter, and 44,092 pounds of whole milk powder.

Those commodities are scheduled to seven countries in Asia, North Africa, and South America on deliveries from January to July.

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