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[AgriLife Today] Expert: Cotton prices to remain flat heading into 2015 due to large world supply

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By: Blair Fannin

Writer: Blair Fannin, 979-845-2259, [email protected]

Contact: Dr. John Robinson, 979-845-8011, [email protected]

BRYAN – Cotton prices are projected to remain flat heading into 2015 as China continues to hold large supplies of cotton and consumption rates remain low, according to a Texas A&M AgriLife Extension Service cotton economist in College Station.

Dr. John Robinson gave a cotton outlook presentation at the 26th Texas Plant Protection Association Conference in Bryan recently.

“The cotton market is not booming as yarn prices remain flat,” Robinson said. “We’re not in a recession, but in a period of low growth and modest consumption. We don’t see anything that would pull up cotton prices in the near term.”

Robinson said speculative funds have been swinging from net short to neutral, and cotton futures have just hung in there around 60 cents.

Consequently, cotton has been ranging in the mid to upper 60s, he said.

For now, Chinese policy is one of the major influencers of the market, Robinson said.

“That, and the fact that more of the Chinese new crop cotton and reserves are getting used by China rather than buying U.S. exports continues to weigh heavily on market prices,” he said.

“If you have cotton in the loan, I would think about selling it and maybe use a call option strategy,” he said. “The end of the year carryover is projected to be more than 4 million bales. That’s more than enough cotton to fulfill demand.”

The 2015 outlook has projections of 15 million to 16 million bales produced in the U.S., he said.

“We will still plant plenty of acres despite projections of fewer planted acres,” Robinson said. “At least 15 million bales of production is projected for 2015.I don’t see any reason for new crop prices to be higher than old crop prices.”

Meanwhile, during the association’s awards luncheon, the Norman Borlaug Lifetime Achievement Award was given posthumously to the family of Dr. Tom Cothren, a longtime Texas A&M AgriLife plant physiologist. Cothren came to Texas A&M in 1982 after serving on the faculty at the University of Arkansas. He received many honors during his years of teaching and research, including Fellow of American Society of Agronomy, Fellow of Crop Science Society of America, Outstanding Research Award in Cotton Physiology and the Special Achievement Award for Teaching from Texas A&M. He also served on the Faculty Senate at Texas A&M.

Texas A&M students were also well represented in the poster competition. First place winner was graduate student Kate Harrell from the department of entomology. Graduate student Kevin Cox from the department of plant pathology and microbiology was second place winner, and third place went to Blake Baumann in the department of soil and crop sciences. Josh McGinty and Silvano Ocheya received graduate student awards.

Texas A&M AgriLife Extension Service horticultural specialist Dr.Joe Masabni received the association’s Academic-Agency Award. AgriLife Extension cotton program specialist Dale Mott, who served as association president for 2014, captured third place in the pest identification contest. Gary Bradshaw, consultant from Richmond, captured first place, while Webb Wallace, consultant from Harlingen, was awarded second place.

Larry McAnally received the TPPA Consultant Award. Donnie Dippel, president of the Texas Ag Industry Association, received the Ray Smith Leadership Award.

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Farm & Ranch

Managing Show Cattle Through The Winter

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By Heather Welper

Husband and wife duo, Heather and Calvin Welper, are the Co-Owners and Operators or Two C Livestock, located in Valley View, Texas.

The pair’s operation has a show cattle focus where they raise and sell purebred heifers of all breeds and club calf Hereford steers.

When it comes to show cattle, the Welpers know a thing or two including how to prepare for the cold winter months and the Texas major show season run.

To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.

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Farm & Ranch

Double M Ranch & Rescue

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By Hannah Claxton, Editor

As the sun rises each day, so do the dozens of mouths that Meghan McGovern is responsible for getting fed. Rather than the sounds of a rooster crowing, McGovern hears the bellows and bleats of a variety of exotic deer, the chortle of kangaroos, the grunts of water buffaloes, and the chirps of a lemur.

Nestled against the banks of the Red River, the Double M Ranch and Rescue, with its high game fences and deer sprinkling the landscape,s its in stark contrast to the surrounding ranches.

“Having deer is kind of like eating potato chips- you can never actually have just one,” said McGovern with a laugh.

McGovern has several herds to take care of- fallow deer, axis deer, water buffalo, goats, and bison. In smaller numbers, there’s also a few kangaroos, a lemur, a potbelly pig, a pair of zebras, a watusi, and a few horses.

To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.

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Farm & Ranch

Acorn Toxicity

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By Barry Whitworth, DVM, MPH

With the prolonged drought, most pastures in Oklahoma end up in poor condition. With the lack of available forage, animals may go in search of alternative foods.

If oak trees are in the pastures, acorns may be a favorite meal for some livestock in the fall. This may result in oak poisoning.

Oak leaves, twigs, buds, and acorns may be toxic to some animals when consumed.

To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.

brown acorns on autumn leaves, close up
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