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Grants Approved for 7 Michigan Meat, Poultry Processors

Grants Approved for 7 Michigan Meat, Poultry Processors

Nearly $1.4 million in federal funding has been approved to help Michigan’s meat and poultry processors recover from the COVID-19 pandemic and expand their processing capacity.

The funding for seven companies is from an Agriculture Department grant program. The grants range from $186,670 to $200,000.

U.P. companies receiving them are Sommers Sausage Shop in Crystal Falls and Love Meats, Inc. in Rudyard.

The businesses can use the funding to cover costs for expanding existing facilities, modernizing processing equipment, and meeting packaging, labeling and food safety requirements.

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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


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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.
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