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MONTHLY
SURVEY OF US COTTONSEED CRUSHINGS AND STOCKS
USDA
ANNOUNCES FUNDS TO PROMOTE US FOOD AND AG PRODUCTS OVERSEAS
COTTONSEED
ENDING STOCKS
WHAT'S
NEW @ COTTONSEED.COM
US
CATTLE ON FEED UP 4%
MONTHLY
SUMMARY OF US COTTONSEED CRUSHINGS & STOCKS
MONTHLY
COTTONSEED CRUSHINGS
US
COTTONSEED PRODUCTS EXPORTS REPORT
MOVING?
MONTHLY
SURVEY OF US COTTONSEED CRUSHINGS AND STOCKS - Cottonseed
crushings for October totaled just over 254,000 tons, according to the
Association’s latest monthly survey. That compares to nearly 272,000
tons crushed in October 2005 and 249,000 tons crushed in October two years
ago. For the first three months of this crush season (beginning August 1),
total cottonseed crushings stand at 618,000 tons compared to 683,000 tons
crushed during the same time frame last year and 584,000 tons crushed
during the Aug-Sep-Oct time frame in 2004…..Cottonseed receipts at oil
mills totaled 867,000 tons in October compared to 369,000 tons the
previous month and 1.04 million tons received at mills in October 2005.
Cottonseed receipts have amounted to 1.40 million tons through the end of
October vs 1.65 million tons received last season at this time and 1.38
million tons received two years ago…..Stocks of cottonseed at oil mills
were 1.231 million tons on October 31, slightly more than the 1.229
million tons of seed at mills at the end of October 2005 and above the
1.031 million ton mark of October 2004…..Complete details are available
on page three of this Newsletter as well in the Statistics section of the
NCPA web site.
USDA
ANNOUNCES FUNDS TO PROMOTE US FOOD AND AG PRODUCTS OVERSEAS -
The U.S. Department of Agriculture’s Foreign Agricultural Service
announced on November 15 their FY 2006 allocations of $39 million to 56
U.S. trade organizations to promote U.S. agricultural products overseas.
“Developing overseas markets is critical to American agriculture,”
said Agriculture Secretary Mike Johanns. “These programs support U.S.
producer associations so they can tap into market opportunities.
Agricultural exports support not only the food and agriculture sectors,
but the economy as a whole.” The allocations will be administered under
three FAS programs-the Foreign Market Development (FMD) cooperator
program, the Technical Assistance for Specialty Crops (TASC) program, and
the Quality Samples Program (QSP). Under the FMD Cooperator program, USDA
establishes a trade promotion partnership with nonprofit U.S. agricultural
trade organizations. Program activities focus on reducing market
impediments, improving the processing capabilities of importers, modifying
restrictive regulatory codes and standards in foreign markets and
identifying new markets or uses for U.S. products. The 50-year-old program
has supported market development activities in more than 100 countries
worldwide. NCPA has partnered with Cotton Council International under the
FMD Program to develop a market for US cottonseed meal in Mexico and for
US cotton linters in China.
WHAT'S
NEW @ COTTONSEED.COM - NCPA’s consultant in Mexico, Ricardo
Silva, reports relatively higher prices for competing products should
benefit cottonseed meal sales in the coming months. “Product dealers in
Mexico tell me corn and soybean meal prices will make US cottonseed meal
more attractive to their customers,” he said. His latest monthly report
is available in the Mexico Consultant’s Report section of the Members
Only area of the web site….. NCPA’s Cottonseed Calendar shows
important upcoming meetings and events and has been updated for 2007…..Supply
and demand estimates for cottonseed and cottonseed products are updated
for November and available in the Statistics section. Included in the
estimates is a forecast for cottonseed crushings for 06/07 are forecast of
2.75 million tons.
US
CATTLE ON FEED UP 4% - Cattle and calves on feed for slaughter
market in the United States for feedlots with capacity of 1,000 or more
head totaled 12.0 million head on November 1, 2006, according to USDA’s
most recent report. The inventory was 4% above November 1, 2005 and 6 %
above November 1, 2004. This is the highest November 1 inventory since the
series began in 1996. Placements in feedlots during October totaled 2.43
million, 13 percent below 2005 and 10% below 2004. Net placements were
2.34 million head. This is the second lowest placements for the month of
October since the series began in 1996. During October, placements of
cattle and calves weighing less than 600 pounds were 840,000, 600-699
pounds were 645,000, 700-799 pounds were 485,000, and 800 pounds and
greater were 455,000. Marketings of fed cattle during October totaled 1.77
million, 2% above 2005 but 2% below 2004. Other disappearance totaled
81,000 during October, 40% above 2005 and 23% above 2004. (Source: USDA,
NASS, November 17, 2006)
MONTHLY
SUMMARY OF US COTTONSEED CRUSHINGS & STOCKS
US
COTTONSEED PRODUCTS EXPORTS REPORT
MOVING?
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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.
November
29, 2006
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