Upland Cotton Average Price Received by
Growers Through November 2008

Friday, January 9, 2009                            By Shawn Wade

      Cumulative Upland cotton marketings for the first four months of the 2008-marketing year totaled 2.795 million-bales according to information released December 30, 2008 by the USDA National Agricultural Statistics Service.

      That figure is a significant 1.757 million bales less than the number of bales marketed through the same period last year and is indicative of cotton demand being dragged down by the serious economic issues facing the U.S. and world economy.

      USDA estimated that November 2008 marketings were 978,000 bales with an average selling price of 53.1 cents per pound. Based on November's sales, and indications that worldwide market activity will continue to slow, December 2008 isn't expected to begin the process of reversing the current situation.

      Based on the latest figures, the 2008 Upland Cotton Weighted Average Price calculated through November 2008 stands at 55.26 cents per pound. With the first third of the marketing year now past, the calculated 2008 Weighted Average Price is hovering just above the 52-cent threshold where Counter-cyclical payment rates begin to drop. The preliminary mid-month price reported for December 2008 was 53.90 cents per pound.

      The following table shows the average price received each month by farmers and the associated weighted average price based on prices and cumulative marketings from August 1 through November 30, 2008.

      The 2008 Counter-cyclical payment rate authorized under the 2008 Farm Bill will be based on the 12-month Weighted Average Price Received by growers. For cotton the 12-month Weighted Average Price will reflect price and marketings for the 2008 marketing year. The 2008 cotton marketing year began in August 1, 2008 and ends July 31, 2009.

Average Price Received For 2008-crop Upland Cotton (Weighted by Marketings)

 

Marketings

Prices

 

(000's of Running bales)

(cents/Lb.)

 

Monthly

Cum.

Monthly

Weighted

August

1,144

1,144

56.50

56.50

September

95

1,239

61.10

56.85

October

578

1,817

55.50

56.42

November

978

2,795

53.10

55.26

December

na

na

53.90*

na

Source: National Agricultural Statistics Service; * = preliminary

 

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South Plains Production Conferences/Trade Shows Filling January Calendar

      South Plains producers can learn the latest in crop production and management techniques while earning Texas Department of Agriculture continuing education units at any of nine Texas AgriLife Extension Service conferences spread across the South Plains in early 2009.

      Conference dates and locations are:

Jan. 19 - West Plains Cotton Conference, at South Plains College's Sundown Room in Levelland. Registration begins at 8 a.m. with three continuing education units offered to participants. Call the AgriLife Extension office in Hockley County at 806-894-3159 for more details.

Jan. 20 - Southern Mesa Ag Conference, at Movieland, 604 North Austin Ave., Lamesa. Six and a half continuing education units will be given (two and a half general, two integrated pest management, two laws and regulations). Registration starts at 7:30 a.m. and the program will start at 8 a.m. Cost is $25 by Jan.14 and $30 thereafter. Call the AgriLife Extension office in Dawson County at 806-872-3444 to pre-register and for more details.

Jan. 21 - Caprock Crop Production Conference, at the Floyd County Friends Unity Center located 6 miles west of Floydada on U.S. Hwy. 70. Registration starts at 7 a.m., program starts at 8 a.m. and concludes around 4:30 p.m. Seven continuing education units will be offered (four and a half general, one integrated pest management, one laws and regulations., one half in drift minimization) and certified crop advisor units are pending. Call the AgriLife Extension office in Floyd County at 806-983-4912 or Crosby County at 806-675-2347 for more details.

Jan. 21 - Llano Estacado Cotton Conference, at the Bailey County Coliseum, 2206 W. American Blvd., Muleshoe. Registration begins at 8:30 a.m. Call the AgriLife Extension office in Bailey County at 806-272- 4584 for more details.

Jan. 26 - Sandyland Ag Conference, at the Gaines County Civic Building in Seminole. Five continuing education units are pending (three general, one integrated pest management, one in laws and regulations). Call the AgriLife Extension office in Gaines County at 432-758-4006 for more details.

Jan. 27-28 - Southwest Farm & Ranch Classic. AgriLife Extension-sponsored educational seminars will be held in conjunction with the South West Farm & Ranch Classic Indoor Farm Show at Lubbock Memorial Civic Center. For more information, contact the AgriLife Extension office in Lubbock County at 806-775-1680, or http://swclassic.com.

Feb. 10 - Hale and Swisher County Crops Conference, at the Ollie Liner Center in Plainview. Call the AgriLife Extension office in Hale County at 806-291-5267 or Swisher County at 806-995-3726 for more details.

 

Continued on Page 2

Feb. 11 - South Plains Ag Conference, will be held at the American Legion Hall on Seagraves Rd in Brownfield, TX. Registration begins at 8:00 A.M. and lunch will be provided. Call the AgriLife Extension office in Terry County at 806-637-4060 for more details. 5 T.D.A., C.E.U.s will be awarded.

April 1 - Lower Rolling Plains Ag Conference, at the Scurry County Coliseum. Call the AgriLife Extension office in Scurry County at 325-573-5423 for more details.

 

4th Annual Southwest Farm & Ranch Classic; January 27-29 Lubbock Memorial Civic Center

      The Southwest Farm & Ranch Classic trade show is set for its 4th annual appearance at the Lubbock Memorial Civic Center January 27-29, 2009. The show is designed to create a forum for agricultural producers, manufacturers, suppliers and service vendors to meet and exchange ideas.

      The Southwest Classic show is also an excellent opportunity for members of the non-agricultural general public to learn more about the agriculture industry and its impact on the Lubbock area economy.

      In addition to a wealth of information from participating vendors about new products and services available to agricultural producers, the Southwest Classic show also works closely with state and local agencies to provide valuable professional development seminars and workshops. The program is designed to be both informative and entertaining and includes seminars and demonstrations for agricultural producers of all sizes and the general public interested in agricultural topics.

      Show program highlights include demonstrations by well-known horse trainer Van Hargis, an exhibit of antique tractors provided by the South Plains Antique Tractor Association, on-site quilting demonstrations by the Community Quilters Guild, education courses organized and presented by Texas AgriLife Extension (TALE).

      For more information on the Southwest Farm and Ranch Classic visit: http://swclassic.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lubbock Chamber of Commerce To Host Farm Show Breakfast January 28th

      Participants are also encouraged to mark their 2009 calendars and plan to attend the Farm Show Breakfast at 7:30 a.m. on Wednesday, January 28th at the Southwest Farm and Ranch Classic. The Lubbock Chamber of Commerce will host the Farm Show Breakfast in the Banquet Hall of the Lubbock Memorial Civic Center.

      The keynote speaker at the 2009 Farm Show Breakfast event will be Richard Brock, of Brock Associates. Richard is author of a marketing advisory newsletter, "The Brock Report", as well as providing daily marketing comment by radio and online.

      Brock is an agricultural economist and has been helping farmers, farm owners, and agribusinesses make educated grain marketing and purchasing decisions for 25 years. Find out more about him online at: http://www.brockreport.com and make sure you reserve your seat on Wednesday morning January 28th to hear him in person.

      Farm Show Breakfast tickets are $15 for Chamber members and show exhibitors, $25 for prospective Chamber members. Call 806-761-7000 to register.

 

2008 High Plains Cotton Quality Summary

      The following is a summary of the cotton classed at the Lubbock and Lamesa USDA Cotton Division Cotton Classing Offices for the 2008 production season.

 

Current Week:

 

Office

Bales

Color

Leaf

Staple

Lamesa

19,419

21+ - 47.4%

31 - 49.2%

2.78

36.34

Lubbock

157,494

21 + - 34.9%

31 - 53.4%

3.11

36.85

 

Mike

Strength

Uniformity

Bark

Lamesa

3.48

29.78

80.62

61.1%

Lubbock

3.64

29.59

80.45

78.4%

 

 

Season Totals To Date:

 

Office

Bales

Color

Leaf

Staple

Lamesa

501,227

21+ - 52.3%

31 - 41.6%

3.07

36.41

Lubbock

2,134,460

21+ - 37.1%

31 - 47.1%

3.24

36.91

 

Mike

Strength

Uniformity

Bark

Lamesa

3.73

29.53

80.56

46.8%

Lubbock

3.61

29.79

80.52

62.6%