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NO. 2539
MARCH 9, 2005


REACTION TO WTO RULING SWIFT AND SUPPORTIVE

SENATE VOTES TO CONTINUE BEEF IMPORT BAN

WHAT'S NEW @ COTTONSEED.COM

WEEKLY COTTONSEED CRUSH

2004-05 NCPA TRADING RULES BOOK

COTTONSEED PROCESSING INDUSTRY STATISTICAL DATABASE

US COTTONSEED PRODUCTS EXPORT REPORT

AMENDMENTS TO THE TRADING RULES

OIL MILL OPERATORS SHORT COURSE

MOVING?


REACTION TO WTO RULING SWIFT AND SUPPORTIVE - The appellate body ruling of the World Trade Organization was certainly disappointing news to the cotton industry, but response has been swift and supportive from members of the Administration and Legislature who crafted the Farm Bill language that the ruling essentially asserts is illegal. Under Secretary of Agriculture JB Penn expressed disappointment with the ruling and said "...the United States believes that negotiation, not litigation, is the most effective way to address distortions in agriculture. Lasting reform can be achieved only through multilateral negotiations that address all global market distortions - market access, export competition and domestic support.” Senate Appropriations Committee Chairman Thad Cochran (R-MS), says that “Careful consideration has been given in crafting of U.S. farm policy and it is still my belief that the Farm Bill remains compliant within World Trade Organization commitments.” A spokesman for the U.S. Trade Representative said that “We're interested in results, not litigation. Getting the results that our farmers want is best achieved through ambitious global agriculture reform, through ongoing multilateral trade negotiations which address market access, export competition and domestic support, including for cotton. We will study the report carefully and work closely with Congress and our farm community on our next steps.” (Source: NCC and USDA)

SENATE VOTES TO CONTINUE BEEF IMPORT BAN - The Senate voted earlier this week (S. J. Res. 4) to disapprove the Administration’s proposal to resume the trade of Canadian beef and cattle under 30 months of age. Many leading agricultural organizations had supported USDA’s decision to reopen the border, citing a well-conceived plan and a confidence in current animal and public health safeguards.  The action undermines the U.S. efforts to promote science-based regulations, complicates U.S. negotiations to reopen foreign markets to U.S. beef and would perpetuate the economic disruption of the beef and cattle industry, according to USDA.  The Department also released a statement saying that USDA “...remains confident that the requirements of the minimal-risk rule, in combination with the animal and public health measures already in place in the United States and Canada, provide the utmost protection to both U.S. consumers and livestock. We (USDA) also remain fully confident in the underlying risk assessment, developed in accordance with the OIE guidelines, which determined Canada to be a minimal risk region.   Ag Secretary Mike Johanns promises to “work with the U.S. House of Representatives to prevent passage of this resolution, which is strongly opposed by the Bush Administration, and continue our aggressive efforts to reopen international markets to U.S. beef.”

WHAT'S NEW @ COTTONSEED.COM - Ing. Ricardo Silva, CCI/NCPA consultant in Mexico, reports a new 20,000 head feed-lot in the state of Chihuahua could be a boost for US cottonseed meal sales there.  More of his report is available in the Mexico Consultant Reports section of the Association’s web site.  To determine more about potential sales of cottonseed feed products to Mexico, a group of  NCPA representatives will travel to Sinaloa and Chihuahua later this summer.  NCPA also will exhibit at the APEA-Expo in Leon, Mexico next week.  The expo is one of the largest feed industry expo’s in Mexico and attracts thousands of visitors…..Exports of cottonseed meal are off to a faster start this season (Oct-Dec period) than they have been in any of the previous three seasons.  The latest export data for oil, meal, hulls and linters is available in the Statistics section of the web site…..Annual meeting news and information is available by following the Convention link on the web page.

WEEKLY COTTONSEED CRUSH - Weekly cottonseed crushings have been higher than their five-year average for the past seven weekly reporting periods and for nine of the past 12 weeks.  The most recent report, for the week ending March 6, put weekly cottonseed crushings at 66,693 tons compared to its five-year average for a comparable week of 58,780 tons.  The year-to-date total, based on weekly crushings, stands at 1.747 million tons, compared to 1.612 million tons a year ago and 1.594 million tons two years ago.

 

2004-05 NCPA TRADING RULES BOOK - Copies of the 2004-05 Trading Rules book have been mailed to the membership.  For additional copies, please contact the NCPA office.

COTTONSEED PROCESSING INDUSTRY STATISTICAL DATABASE - The 2005 Statistical Database of the U.S. Cottonseed Processing Industry will be available soon from the NCPA.  Electronic copies will be available on the Association’s web site.  Printed copies will be available to member by request only.

US COTTONSEED PRODUCTS EXPORT REPORT

AMENDMENTS TO THE TRADING RULES - The Rules Committee of the NCPA will meet at the Coronado Island Marriott Resort, San Diego, California, on Sunday morning, May 15, 2005, to consider proposed amendments to the Trading Rules.  Proposals approved by the Committee will be referred to the membership to be voted on at the business session on Monday morning, May 16. The By-Laws provide that proposed amendments, except those applicable to the methods of chemical analysis contained in Chapter VII, must be submitted to the Secretary at least 30 days prior to the convention.  Each proposal so submitted must include the full text of the entire rule or section, as it is proposed to read after amendment.  Copies of all proposals received by the Secretary will be referred to the Rules Committee for study and to all members for their information and comment. If you wish to propose an amendment, please draft it in the form described in the above paragraph and mail it so it will reach this office no later than Friday, April 15.  It is recommended that you accompany any proposal with a letter giving the reasons for the change.  All members are welcome at the Rules Committee meeting and may join in the discussion.  If you propose an amendment, it is especially desirable that you be present.

OIL MILL OPERATORS SHORT COURSE - The 73rd Oil Mill Operators Short Course takes place March 13-15 at the corporate headquarters of AGP in Omaha, Nebraska, organized by the Food Protein R&D Center at Texas A&M and the International Oil Mill Superintendent’s Association. The day and a half course will cover a wide variety of topics associated with oilseed processing plant operations.  The goal is to present the tools and information needed to improve operations by increasing efficiency, and optimizing human and plant assets. Future courses offered by the Food Protein Center include: October 2005 — Practical Short Course on Vegetable Oil Processing; and November 6-10— Practical Short Course on Vegetable Oil Extraction. For more details, contact the Food Protein R&D Center, Texas A&M University, telephone 979-845-2741, Fax 979-845-2744. 

MOVING? - Please send all change of address information to: National Cottonseed Products Association, 104 Timber Creek Drive, Suite 200, Cordova, TN  38018, or email to info@cottonseed.com.

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March 9, 2005


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