Ontario Farmer Continues his Fight for Raw Milk

Jul 26, 2012

Schmidt Wins Raw Milk Appeal

An Ontario dairy farmer - most famous for his crusade to sell raw milk has won the right to appeal his 13 convictions. On Thursday July 26 the Ontario Court of Appeal granted Michael Schmidt the right to appeal his previous convictions including probation and a fine of $9,150 for operating without a licence to sell milk.

Schmidt has been fighting his cause for almost three years from when he was first found guilty of producing and distributing unpasteurized milk. The unpasteurized milk was distributed through a cow-share program, whereby consumers would purchase shares of a dairy cow, which would produce milk for their consumption.

The debate over the health implications relating to unpasteurized milk continues. To this date, it’s illegal to sell or distribute unpasteurized milk in Canada.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!