ALTOONA, Wis. (WEAU) -- The latest round of U.S.-Chinese trade talks ended yesterday in Washington and observers say the negotiators made real progress toward a new trade deal. Even President Trump said he was happy with the progress they made and that he plans to meet with China's President later this month to get a final deal done. At this week's meetings, one thing China did commit to was to buy an additional 5 million metric tons of U.S. soybeans over an undisclosed period of time. If that meeting later this month between the 2 leaders doesn't bring about at least a temporary trade deal, U.S. tariffs on Chinese goods will go up from 10% to 25% on March 2nd.
Farm milk prices continue to suffer. The latest price report shows the November all milk price in Wisconsin was $16.90-70 cents lower than October and $2.20 less than last November. And that's 10 cents lower than the national all milk price of $17. In fact, 20 of the top 23 milk producing states had lower prices in November while Indiana, Ohio and Texas had no change. Iowa had the largest drop in price, down $1.40 a hundred. The highest prices were in Pennsylvania where farmers got $18 for their milk while New Mexico had the lowest price at just $15.30.
Prices for other farm commodities were mixed in November across the state. Corn averaged $3.35-down 3 cents from October but 23 cents higher than a year ago. Soybeans brought $8.28 during the month-down 42 cents from October and $1.12 less than last year. But oat prices were up averaging $3.09 a bushel-up 35 cents from October and 10 cents more than a year ago. Hay prices had the biggest price increase with all hay averaging $176 a ton-up $21 from October and $46 more than last November.
In spite of the sub-zero a big crowd turned out for day 1 of the annual Wisconsin Corn-Soy-Pork Expo at Wisconsin Dells. Among other activities the groups passed out their annual grower awards. For the soybean growers, the winner in Division 2 was Custer farms of Chippewa Falls with yields of 76.67 bushels per acre. In 2nd place was Adam Majeski of Balsam Lake who got 56.64 bushel yields. And finishing 2nd in Division 3 was Oeh-My farms of Abbotsford with their yields of 77.9 bushels. Among the winners in the corn growing contest were Jeff and barb Laskowski of Plover who finished first and second in the Northern Division competition with yields of 294 and 289 bushels an acre respectively.