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2018 Michigan Forage Variety Test Report now available

2018 Michigan Forage Variety Test Report now available
By Philip Kaatz
 
Michigan is home to a diverse agriculture community and forage crops are integrated into many of these different types of operations. While the weather is one factor producers cannot control, there are other factors where producers can make decisions that will have a high impact on profitability.
 
Selecting and using improved forage varieties for better yield per acre is recommended by Michigan State University Extension. Many forage producers are faced with competition with other crops for limited agricultural acreage, and so optimizing forage production yield and efficiency per acre is critical for long-term economic viability. To assist producers in selecting well-adapted and productive forage varieties, the 2018 Michigan Forage Variety Test Report is now available at the MSU Forage Connection website.
 
The Michigan Forage Variety Test Report includes 2018 yield trials for alfalfa, annual grasses and perennial forage grasses conducted at East Lansing, Chatham and Lake City, Michigan. The long-term yield averages for alfalfa, annual and perennial forage grasses and red clover varieties can also be found dating back to 2006. Fall dormancy ratings, winter survival index and disease resistance ratings for alfalfa cultivars and planting recommendations for perennial grasses are included to guide hay and livestock producers.
 

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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!