EAU CLAIRE, Wis. (WEAU) -- Bob Bosold of WAXX 104.5 and WAYY joins Hello Wisconsin to talk about the dairy crisis and the latest in AG news.
The dairy crisis we faced in Wisconsin and a few other states this spring has gotten the attention of leaders at the University of Wisconsin-Madison. On June 19th the university has scheduled its first ever Dairy Summit at the Alliant Energy Center in Madison. The day- long event will feature dairy researchers and economists who will help identify what needs to be done in the future to keep our dairy industry viable in the state. The event is being put together by the UW System and System President Ray Cross says the day "is dedicated to supporting and strengthening the partnerships between researchers, farmers, producers and legislators." State Agriculture Secretary Ben Brancel said the day will give attendees a closer look at the structure of Wisconsin's dairy industry and how to keep it strong, especially in times of uncertainty.
Our new U.S. Trade Ambassador, under orders from President Trump, has officially let the Congress know that we plan to re-negotiate the North American Free Trade Agreement with Canada and Mexico. Robert Lighthizer sent a letter yesterday to Capitol Hill that says negotiations could begin as soon as August 15th. The letter also said Lighthizer would provide Congress with the administration's goals for those talks 30 days before the discussions start. The goal is to have the talks all wrapped up by the end of this year.
A new government scandal in Brazil threw markets into a slide yesterday and also took the value of the Brazilian currency down by about 8%. That also took our commodity markets lower in yesterday's trade. The Brazilian President is being accused of bribery in a Brazilian oil company scandal that has already landed some government officials in prison. There are protests all over the country demanding that President Michel Temer either resign or be impeached.
There must be money in the horse business-if you have good horses. At the UW-River Falls 41st annual Colt Sale a couple of weeks ago, the sale set some new records. Total sale revenues topped $291,000 with the top 2 year old under training bringing $20,000 with the second high seller at $15,000. The horses are sold each year after students in the Colts In Training program at the college spend a semester breaking and training the colts. The sale of the lesson horses averaged just over $8,000. Buyers came from 13 states as well as Canada, Mexico and England. Next year's sale will be May 5th. By the way, if you like horses, the second leg of the Triple Crown is tomorrow in Baltimore-the Preakness Stakes as Always Dreaming tries to take the next step toward the Triple Crown.
The first dairy breakfast of the season is tomorrow morning in Dunn County. The Prestrud family will host the breakfast at their farm near Prairie Farm. Breakfast will run from 7 until 11 am and the public, as always, is invited. But because of all the wet weather, breakfast officials say there will be no parking on the farm. Instead they ask you to park at Prairie Farm High School and there will be buses to shuttle visitors back and forth.