Wautoma, WI
Current Conditions
0:56 AM CDT
Cloudy
Temperature
67°F
Dew Point
65°F
Humidity
93%
Wind
WNW at 6 mph
Barometer
29.85 in. F
Visibility
8.00 mi.
Sunrise
06:06 a.m.
Sunset
07:53 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 59 to 72 degrees with partly cloudy skies. Winds will remain steady around 7 miles per hour from the northwest. No precipitation is expected.
7-Day Forecast
Wednesday
77°F / 59°F
Partly Cloudy
Thursday
80°F / 62°F
Light Rain
Friday
87°F / 67°F
Light Rain
Saturday
75°F / 68°F
Light Rain
Sunday
83°F / 68°F
Light Rain
Monday
80°F / 64°F
Light Rain
Tuesday
79°F / 64°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Wednesday...Temperatures will range from a high of 77 to a low of 59 degrees with partly cloudy skies. Winds will range between 4 and 9 miles per hour from the westnorthwest. No precipitation is expected.
This Afternoon ...Temperatures will range from 74 to 77 degrees with partly cloudy skies. Winds will remain steady around 6 miles per hour from the northwest. No precipitation is expected.
This Evening ...Temperatures will range from 75 to 62 degrees with clear skies. Winds will remain steady around 5 miles per hour from the east. No precipitation is expected.
Overnight ...Temperatures will range from 62 to 60 degrees with mostly cloudy skies. Winds will remain steady around 6 miles per hour from the east. No precipitation is expected.
Thursday...Temperatures will range from a high of 80 to a low of 62 degrees with mostly cloudy skies. Winds will range between 5 and 11 miles per hour from the east. 0.94 inches of rain are expected.

Spot market volumes, prices upticking for dairy commodities

July 18, 2013 | 0 comments

The dairy commodities spot market on the Chicago Mercantile Exchange saw an uptick of both prices and sales volume on Wednesday of this week.

Cheddar cheese led the way with the sales of eight carloads of blocks and nine of barrels as the prices rose by 1.75 and 3 cents per pound respectively to put them at $1.6925 and $1.68 at the market's close.

The market day's activity also included unfilled bids for one carload of blocks and two of barrels.

The AA butter market remained quiet with the price standing at $1.4825 per pound.

The same was true for Grade Extra non-fat dry as its spot market price remained at $1.73 per pound while Grade A had an unfilled bid to buy which raised the price by .25-cent to $1.7550 per pound.

Green ink predominated in the dry whey futures market on Wednesday of this week. The increases put the monthly prices at between 58 and 59.75 cents per pound for the remainder of 2013 and above 50 cents through May of 2014.

Despite the day's price gains for dairy commodities, the Class III milk futures traded on the downside for all but one month from August of 2013 through June of 2014.

Prices stood in the $17s per hundred for this July ($17.38) and for all months from December 2013 through December 2014. They were trading in the $18s per hundred for August-November 2013.

The producer price differential (PPD) for milk shipped in June and pooled in Federal Milk Marketing Order 30 is 30 cents per hundred for the Chicago base zone but as little as 10 cents per hundred in the most distant milk receiving plants.

The PPD continues to be low in Order 30 in large part because of the historically low portion of the pooled milk going to Class I fluid milk - only 9.5 percent in June.

Of the nearly 2.847 billion pounds of milk pooled in Order 30 for June, the other usages were 87.6 percent in Class III and a total of 2.9 percent for Classes II and IV.

The pooled milk had averages of 3.71 percent butterfat, 3.04 percent protein, and 5.76 percent other solids.

Early this week, Cooperatives Working Together announced the acceptance of a package of 30 bids for financial assistance on the export of 4.398 million pounds of Cheddar and Monterey Jack cheeses and 3.522 million pounds of butter to countries in Asia, Europe, North Africa, and the Middle East in deliveries set from July to December.

Those bids were submitted by Dairy Farmers of America, Foremost Farms USA, Land O'Lakes, Darigold Cooperative, and the Maryland and Virginia Milk Producers Cooperative.

The national milk production estimates for June are due to be released at 2 p.m. today (Friday, July 19).

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