NCPA's 110th ANNUAL CONVENTION

AMENDMENTS TO THE TRADING RULES

WHAT'S NEW @ COTTONSEED.COM

WEEKLY CRUSH COMPARISON

MILK PRODUCTION RISES IN FEBRUARY

SALADS & DRESSINGS GOOD FOR YOUR HEALTH

MOVING?

NCPA's 110th ANNUAL CONVENTION - NCPA is pleased to welcome a feature-packed business session at this year’s 110th Annual Convention.  National Cotton Council Chairman Allen Helms, Jr. will report on Council activities at the opening session.  Helms is co-owner of Helms Farms, an operation that includes cotton, corn, soybeans, rice and wheat in Clarkedale, Arkansas. He also serves as president of Crittenden Gin Company and is well acquainted with the crushings industry as a director of Planters Cotton Oil Mill. Some people talk about the weather, but NCPA’s  business session will also feature someone who is actually doing something about it.  Drew Lerner is President and owner of World Weather, Inc., an International weather forecasting firm.  He has been servicing the agricultural and energy weather markets since 1979 and has spent many years studying, analyzing and predicting worldwide crop conditions. Lerner led Global Weather Services from 1995 to 2001 at which time he developed World Weather, Inc. and began servicing the agriculture and energy industries directly rather than through a news wire service. World Weather, Inc. offers a wide variety of services including, but not exclusively limited to; daily consultation for producers, brokers and merchandisers, news wire reporting, audio crop weather recordings and daily email services.  And with the annual meeting is in Arizona, NCPA has invented one of the most respected aflatoxin researchers in the country to report on how scientists are developing methods for limiting aflatoxin contamination. Dr. Peter Cotty  is part of a team whose research is directed at developing solutions to aflatoxin problems through both practical field based studies and fundamental investigations into the physiology, genetics, and biology of aflatoxin producing fungi. A key aspect of the lab's work is development of novel biocontrol strategies through close collaborations with the Arizona Cotton Research and Protection Council.

AMENDMENTS TO THE TRADING RULES - The Rules Committee of the National Cottonseed Products Association is scheduled to meet at the Westin La Paloma Resort, Tucson, Arizona, on Sunday morning, May 7, 2006, 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 8. The Association’s 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 7.  It is recommended that you accompany any proposal with a letter giving the reasons for the change. All members are welcome to attend the Rules Committee meeting and join in the discussion.  If you propose an amendment, it is especially desirable that you be present.  Any and all members of the NCPA in good standing are eligible to submit a change to the NCPA Trading Rules.

WHAT'S NEW @ COTTONSEED.COM - Outstanding sales of cottonseed and cottonseed meal to Mexico are nearly double their levels from a year ago, according to the latest Export Sales Report.  Outstanding sales of meal were 25,000 metric tons (mt) as of March 16 vs 11,300 mt a year ago.  Outstanding sales of seed were 53,100 mt vs 30,200 mt a year ago.  Data is updated each week in the Statistics section of cottonseed.com under the Weekly Export Sales link…..Weekly Cottonseed Crushings dipped below the 60,000 ton mark for the period ending March 12 for the first time in nearly three months.  Check each week’s NCPA Weekly Crush Report to see production levels during the season…..The Convention link on the Association’s web site contains  details on making guest room reservations, a convention registration form, information about the annual golf tournament, a preliminary schedule of events, and an updated registration list.  Note the fast approaching deadlines of April 5 for making guest room reservations and April 6 to receive your discounted convention registration…...The Cottonseed Calendar contains the latest news about industry events and meetings.

APRIL 5 DEADLINE FOR MAKING HOTEL RESERVATIONS - April 5 is the deadline for making hotel reservations for NCPA’s 110th Annual Convention.  In order to receive the Association’s negotiated room rate, be certain you call Westin reservations at 1-800-937-8461 or the hotel directly at 1-520-742-6000.  Be sure to tell them you are with the NCPA in order to receive the convention rate…....Convention registrations are well underway. Registrations received by April 6 are eligible for a $50 discount off…....The annual scramble golf tournament is set for Monday, May 8 with a 12:30 shotgun start.  NCPA is fortunate to be playing at the La Paloma Country Club at the Westin, name one of the “Top 75 Resort Courses” in the US by GOLF DIGEST and one of the “Top 10” courses in Arizona by GOLF magazine.

MILK PRODUCTION RISES IN FEBRUARY - Despite falling milk prices, February milk output advanced 5.9 percent in the top 23 dairy states, according to USDA’s March 17 report. Milk production totaled 13 billion pounds for the month in those states. Unseasonably mild weather set the stage for a 4.3-percent gain in milk production per cow in the top 23 dairy states. Per-cow output averaged 1,588 pounds during the month, or about 57 pounds per cow per day. The monthly average also represents a gain of 66 pounds versus February 2005. Strong growth in cow numbers also fanned the flame. The 23-state cow herd grew 1.5 percent during February versus a year ago. Cow numbers in the top 23 states totaled 8.21 million head — up 121,000 head versus a year ago and 10,000 head more than January. Milk production gains exceeded 10 percent in three of the top 23 dairy states during February. Those states included New Mexico, up 17.2 percent; Texas, up 15.2 percent, and Colorado, up 10.5 percent. Production losses hit Florida and Kentucky the hardest, down 5.9 percent and 3.6 percent, respectively. The USDA report also showed a slight upward revision in January milk production. During January, the top 23 dairy states produced 14 billion pounds, up 5.5 percent versus January 2005, instead of the 5.4 percent estimate reported during February. (Source: USDA, NASS)

SALADS & DRESSINGS GOOD FOR YOUR HEALTH - The Association for Dressings and Sauces (ADS) joined the American Dietetic Association in recommending practical solutions for healthy living during the month of March—National Nutrition Month—and all year long. Salads with dressing offer numerous health benefits and are a must-have for anyone committed to eating healthy and maintaining a nutritionally-balanced life. Many salad dressings, like those that contain cottonseed oil, provide an essential fatty acid called alpha-linolenic acid that helps protect women against fatal heart attacks, as well as the Vitamin E our bodies need. Vitamin E offers a wealth of benefits to any salad eater. Both leafy greens and salad dressings contain Vitamin E, which has been shown to be an all-around immune system booster. Here’s another benefit – salad dressings are and have always been trans fat free. Need more benefits? Several salad dressings on the market today also contain different kinds of oil or have modified fat or carbohydrate levels that suit almost everyone’s dietary needs. But why stop there? Explore your grocery store shelves and discover the myriad of health-friendly sauces and marinades to make any meal tastier. (Source: Food Ingredients Online, 3/17/2006)

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.

March 29, 2006