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Wisconsin All Milk Price Hits Five-Year High at $22.40 Cwt.

The Wisconsin all milk price for November was $22.40 per hundredweight. According to the latest USDA Agricultural Prices report, that was $1.90 higher than last month's price and $5.40 more than last November.
 
The U.S. all milk price for November was $21.00 per cwt.--$1.40 lower than Wisconsin's price, but $1.10 higher than last month's U.S. price. All of the 24 major milk producing states had a higher price when compared with October.
 
Meanwhile, the Chicago Mercantile Exchange 40-pound block cheese price closed at $1.83 per pound on December 27, while barrels were $1.60 per pound. The CME butter price was $2.03 per pound.
 
For the week ending December 21, the Agricultural Marketing Service U.S. weekly 40-pound block cheese price averaged $1.95 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $2.10 per pound. The U.S. butter price was $2.00 per pound.
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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.