2005 COTTON PLANTINGS FORECAST

ANIMAL ID PROJECT RAMPING UP NATIONWIDE

WHAT'S NEW @ COTTONSEED.COM

US COTTONSEED PRODUCTS EXPORT REPORT

DAIRY PRODUCT PRICES APPEAR HEALTHY

COTTONSEED PROCESSING INDUSTRY STATISTICAL DATABASE

AMENDMENTS TO THE NCPA TRADING RULES

MOVING?

2005 COTTON PLANTINGS FORECAST - All cotton plantings for 2005 are expected to total 13.8 million acres, 1 percent above last year’s total of 13.7 million acres.. Upland acreage is expected to total 13.5 million acres, also up 1 percent. According to the government’s survey, producers in Arizona, California, Florida, Georgia, Kansas, and Texas intend to decrease acreage from last year. Growers in all other cotton producing states intend to increase planted acreage. Pima cotton growers intend to increase their plantings 10 percent from 2004, to 275,000 acres, according to USDA The increase is primarily in California, where producers are intending to plant 25,000 more Pima acres than last year. The USDA forecast is only 0.6% higher than the National Cotton Council’s forecast of 13.7 million acres earlier this year but 4% lower than the 14.2 million acre estimate from Informa Economics.

ANIMAL ID PROJECT RAMPING UP NATIONWIDE - U.S. Department of Agriculture’s new national animal identification system (NAIS) is increasingly offering online registration to ease the first steps toward getting involved. Identifying each location that allows for animal commingling is the foundation of the NAIS and must be established before animals can be tracked. For those who manage farms, ranches, auction barns, feed yards, exhibitions and fair sites, registering their premises is the first tangible action they can take to participate in the NAIS—a system being created to help protect U.S. animal health. With more than a dozen projects now underway in over 30 states, USDA’s Animal and Plant Health Inspection Service has seen the numbers of producers interested in learning more and taking part in the NAIS rise dramatically. Missouri’s animal health division has registered more than 1,400 premises since introducing online registration on January 4 at www.mda.mo.gov, along with a mail-in .pdf form. With a year–long pilot project now in place, facility owners in Texas can obtain a premises identification number through the Texas Animal Health Commission (TAHC) Web site at www.tahc.state.tx.us/, or by calling TAHC headquarters in Austin at 1-800-550-8242. Ongoing efforts by TAHC include a recent mailing to more than 7,000 stakeholders describing how to register online. According to the Wisconsin Livestock Identification Consortium (WLIC), more than 1,375 Wisconsin farm premises have been registered since the beginning of the year at www.wiid.org for a total of more than 5,800. The Wisconsin Premises Registration Act requires all areas where livestock are kept to register by Nov. 1, 2005. (Source: USDA, 3/2005)

WHAT'S NEW @ COTTONSEED.COM - NCPA’s weekly crush survey continues to trend above its five year average, although at a lower level over the past few weeks.  Year-to-date cottonseed crushings, based on the weekly report, stand at 1.93 million tons for the week ending March 27, compared to    1.8 million tons crushed during the same number of periods a year ago and 1.75 million tons crushed two years ago. For the latest weekly crush numbers, monthly production and stocks, and export details,  go to the Statistics section of the web site…..Annual convention details are available by following the Convention link.  An early registration list will be posted so you may find industry friends and others planning to attend the annual meeting in San Diego.  Remember, the deadline for hotel reservations at the hotel is April 13.  You’ll also save by sending in your registration form by April 22...The Westin La Paloma in Tucson, AZ will be the site for the 110th annual convention, May 5-9, 2006. 

US COTTONSEED PRODUCTS EXPORT REPORT

DAIRY PRODUCT PRICES APPEAR HEALTHY - Cheddar cheese prices were 1.5% lower this week to $1.487 per pound but are only down 3.3% from the first of the year, according to the latest “Dairy Product Prices” report from USDA. Cheese prices have peaked so far this year at $1.6569/lb in February compared to a high mark of $2.1718/lb in May 2004. Sales volume also turned lower for the period ending March 26…..US replacement dairy cow prices were reported lower at the end of January 2005, marking the second consecutive quarterly decline. Nevertheless, prices for replacement cows are near the same levels of two years ago when they surpassed the seemingly unreachable $1,600 per head total. Dairy experts say the boom market dairy farmers enjoyed in 2004 may slow down to a dull roar in 2005 due to higher production. Not helping matters for farmers nationwide is a Sept. 30 end to the federal Milk Income Loss Contract which has financially assisted farmers during times of low milk prices. (Source: USDA-NASS, 3/30/05; Portage Daily Register, WI, 3/12/05)

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.

AMENDMENTS TO THE TRADING RULES - As a reminder, any NCPA member may submit proposed changes to the NCPA Trading Rules.  Proposed changes must be received by the NCPA by April 15.

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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© National Cottonseed Products Association, Inc.

April 6, 2005