Farms.com Home   Ag Industry News

$1 Million Dollar Cow

$1 Million Dollar Cow

By Amanda Brodhagen, Farms.com

Canada is home to the world’s most prized cow, a Holstein cow named Missy. Missy is valued at $1 million dollars and while Missy does produce milk, that isn’t the main reason why she is dubbed the world’s most valuable cow.

The Alberta cow is gifted with good ‘jeans’, literally speaking, she has excellent genetics and it is her embryos that are highly sought after. Missy comes from a Holstein line in Prince Edward Island known for superior milk production. In fact, she produced 50 per cent more milk than the average dairy cow. Missy has walked the walk in a number of cattle shows including winning the titles of supreme champion at the Royal Winter Fair and the World Dairy Expo in 2011.
 


Trending Video

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

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!