The Tulia Herald (Tulia, Tex.), Vol. 98, No. 34, Ed. 1 Thursday, August 24, 2006 Page: 3 of 8
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THURSDAY, AUGUST 24, 2006
PAGETHREE
Telcot
RAIN....
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FA&M & RANCH BUSINESS DIRECTORY
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Auction
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From Arbor Day Foundation
This Space Is Available For
Advertising Your Farm
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For information or for consignment
Call Tulia Livestock Auction at 995-4184
36 Blk 313#-149.00
30 Blk 407#-128.00
12 Mix 354#-143.00
59 X's 535#-116.00
26 Blk 620#- 125.50
18 Char 629#-120.00
12 Mix 686#-120.00
118 Mix 796#-111.85
183 Mix 768#- 114.00
155 Mix 815#-112.75
122 1%X's 771#-108.50
37 Mix 594#-124.00
from the prex ions month's 20 50
million However, many in the
industry expect the crop to be
less than 20 0 million bales
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lion needs ’’
"Rural areas arc being hardest
hit, with projected economic
losses at $8 billion when the
agribusiness impact is included
This includes businesses that
proxide equipment and sen ices
be replaced free of charge
Members also reconc a sub-
scription tq the jcoiprful tn-
. monfhhi publication, 4M;bpr.Day
Manufacturing and Dist. Co.
7655 Roll-A-Cone Rd
Tulia, Texas 79088
668-4722
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To advertise in this space,
please call
995-3535
Cotton futures on the New'
York Board of Trade ended
lower Thursday despite a firm
opening USDA’s export sales
report could not generate much
of a buzz, and light rain in West
Texas also put a damper on the
market's mood How ox er, there
is plenty of debate as to hoxx ben-
eficial the moisture actually will
be for the crop
USDA reported net export
sales of U S cotton totaled
79.300 bales in the week ended
Aug 10, up 56 percent from the
previous week Major buyers
included Turkey China and
Thailand
Export shipments of 246,000
bales were 54 percent less than
the previous week and 52 per-
cent less than the four-xvcck av-
erage Primary' destinations in-
cluded China Turkey Mexico
and Taiwan
"The export sales figures had
little impact on the market this
week because the marketing year
is just getting started " said one
market analyst "WcTcjust in the
second week of the new market-
ing year so unless something re-
ally incredible liappens. it'll be a
little while before the market
pays a substantial amount of at-
tention to USDA weekly re-
ports." he added
Meanwhile, spot cotton sales
increased shghtlx this week as
online trading by producers in
Texas. Oklahoma, and Kansas in
the week ended Aug 17 totaled
1.794 bales compared to the pre-
xious week when 1 336 bales
were traded Ax cragc prices rc-
ccixcd by producers in the most
recent week ranged from 46 35
to 52 99 cents per pound com-
pared to 47 81 to 51 26 cents per
pound the prex ious week
ffl
)
In other news, rains this wCek
in parts of the Cotton Belt are
likely to help irrigated cotton,
but they xverc too little, too late
for most dryland cotton Scat-
tered thunderstorms passed
through the Texas High and Roll-
ing Plains However, widespread
blooming has been reported in
the region, and a vasi majority
of non-irngated stands already
have reached cutout Thus, the
moisture will be of little benefit
to most of the dryland crop
Nonetheless, the rainfall will re-
duce the need for water in irri-
gated areas which xvill help
loxver production costs
Elsewhere in the state, harvest-
ing is progressing at a steady
pace in the Rio Grande Valley
and Coastal Bend If hot. dry
weather holds, most farmers
there plan to complete harxest-
ing by the end of the month Al-
though production has been con-
siderably less than last year,
quality has been relatively good
Picking of more mature fields
has begun on a small scale in the
Upper Coastal Bend area, and
widespread work is expected to
commence within a week
Although weather always is an
issue for analysts some obserx -
ers say the market still is digest-
ing USDA supply/demand data
released on Friday. Aug 11 One
trader said the data was a shock
to the market but still is infor-
mation that xx ill need to be traded
for the next month
In its first report to include
actual field assessments. USDA
lowered 2006-07 U S cotton
fl
U S textile nulls 1 hey also ad-
dressed the point of finding a
guaranteed Mipplx of high qual-
Hx U S cotton
U S merchant interests offered
comments that New 'iork fu-
tures at >6 cents p<r pound
would be a fair price for the re-
mainder of the 2OO6-O7 market-
ing xcar Granted il is difficult
to disagree with that diagnosis
with such a large xoluinc of low
qiiahlx certificated stocks
Ncxcrthclcss others pointed
to the U S enp problems the
recent wide spicad hooding in
India and spotted pioblcms in
China and suggested that the
’I
X
the growth rate has not slowed
Yet as cotton prices moxc
higher there will be a further ten-
| I'm starting to like |
j having grandkids, |
I because I can spoil I
Receipts for Monday, Aug. 21,2006, were 2467 head.
Stocker cattle under 600 pounds were sold 2.00 to
3.00 higher. Feeder cattle sold steady. Slaughter
dows sold 2.00 to 4.00 lower.
STEERS
40 Blk 316#-162.50
7 Mix 317#-174.50
17 Mix 447#-142.00
12 Mix 511#-138.00
39 Blk 402#-151.00
13 Mix 569 - 125.50
234 Mix 563#-130.00
30 Blk 581#-124.50
10 Mix 417#-147.00
HEIFERS
44 Char 595# -111.00
20 Mix 353#- 135.00
37 Char 656#-105.50
35 Mix 703#-103.00
Slaughter Cows: 37.00 - 50.00
Slaughter Bulls: 52.00 - 60.50
Bred Cows: 535.00 - 685.00/head
Pairs: 650.00 - 785.00/pair
Customer Team Roping
Thursday, Aug. 24, 7 p.m.
Happy
Mark Hargrave, Manager.
Mobile
Kevin Crooks, Owner.
Mobile
Tim Wilhelm, Owner.
Mobile
mation about tree planting and |
care |
To rcccixc the free trees, send .
a $10 membership contribution
to Ten Blue Spniccs. National [
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• Jagalene
Seed Available Bulk or Bagged
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806-364-3484*800-395-8150
808-364-3489 Fax
lion bales or bcloxx
Yet. until the crop becomes
more defined and the certificated
stocks issue ic the large xol-
umc of discounted cotton that
continues to gam certification
Ncxx York futures will continue
to be constrained «iboxc57 cents
Speakers at the China Cotton
& Textile Forum hammered to a
totallx home audience that cot-
ton qualilx was and would con-
tinue to be the make or break
factor facing a Chinese cotton
textile operation
Mill owncis noted that while
thex bux xanous world growths,
lhex continued an aclixc pro-
gram to test their output in search (Crins of actual bales consumed,
of finding xanous cotton
growths and mixes that meet
their standards standards (hat arc
generallx higher than those of <jCncx to slow cotton usage
Suggesting that global slocks
.is of August I were 50 null ion
bales, it was suggested that glo-
bal ending slocks come Julx 31
2007 could fall as low as 42 mil-
lion bales
While the speaker did not of-
fer a trading range for Ncxx York
December futures, it was noted
that December futures would not
fall below so cents My personal
take is that with a 42 million bale
carrxoxcr New York futures arc
a lock to trade to 62 cents
World weather problems
coupled with a xcry strong de-
mand point to a clear path to
higher prices
from its July estimate
Prix ate and industn second
guessing the USDA report was
a bit broader than usual The late
July and carlx August heat,
coupled with drought conditions
across major regions of the cot-
ton bell keeps ahxc the discus-
sion that the U S crop will be no
more than 19 million bales on the
high side and possiblx IX > mil- surfaced for the China crop has
begun to fade and that crop
would hkclx drop to 26 million
bales II was also noted that Aus-
tralia and West Africa could both
suffer reduced crops.
World production was forecast
to be 113 0 million bales xvith a
strong possibility that that pro-
duction could fall to HO million
bales While noting that oxer
70% of the world cotton use is
accounted for bx China. India.
Pakistan Bangladesh and Indo-
nesia it was pointed out that the
growth in global consumption
was slowing shghtlx
The percentage increase in
consumption is slowing but in
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SC@>TT
SEE DVC O.
Wheat Seed
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Ten free Colorado blue spruce lend ocauty to their surround-
trees xvill be given to each person ings xx ith their silver bluc-grccn
xvho joins The National Arbor colorand compact conical shape
Day Foundation during August. They can be used as individual
2006 ornamentals, and energy-saving
The free trees arc part of the windbreak, a privacy screen, or
nonprofit foundation Trees for as living Christinas trees "
America campaign The trees xvill be shipped post-
"Colorado blue spruces were paidattherighttmicforplanting
selected for this campaign be- between Oct 15 and Dec 10
cause of their many uses in the xvith enclosed planting instruc-
home landscape," John Rosenow, lions The six to 12 inch trees arc
foundation president, said "They guararitced to groxv or they will
Cotton Marketing I
v by O.A. Cleveland J
Cotton Futures drifted this xvorld crop would be well below
xvcck as the market continued to last year’s production That,
account for last week’s USDA coupled with an anticipated
announcement that the 2006 strong growth in world demand
U S crop size was little changed would pull prices higher
The principal speaker noted
that expectations of tightening
global stocks would take Ncxx’
York futures higher Suggesting
that Texas cotton production
would fall to 4 5 million bales,
he indicated that the U S crop
xvould be no more than 19 0 mil-
lion bales
The early optimism that had
andtijo.t^c Book..wiiLmfor- I them make them I '
| rotten, and send ■
I them home. Then j
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Arbor Dax Foundation. 100 Ar- I with what I had to |
borAxcnuc. Nebraska City. Neb | when they
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THE TULIA (Sxvisher County) HERALD
Cotton
mJ News
from Plains Cotton Growers, Inc
Focusing on a topic that is garnering a lot of attention within
the U S cotton industry, the Plains Ginncrs Association plans to
emphasize the important role gins play in maintaining the region's
reputation for high quality and dependability during the
organization’s 2006 Annual Meeting The Plains Ginncrs meeting
will be held Tuesday. Aug. 29 beginning at 8 30 a m al Cagle Steaks
in Lubbock Specifically. Plains Ginncrs officials will focus their
attention on the practice of adding moisture to cotton prior to bal-
ing and the responsibility that ginncrs haxe to their producer cus-
tomers to ensure H is done responsibly
Scheduled speakers include Plains Cotton Growers. Inc Presi-
dent Mike Hughes. Dr Jeff Johnson. Texas Tech Unixcrsity CASNR
Agricultural Economics. Dr Jackie Smith. TCE Economist, and
Craig Broxvn. Vice President of Producer Relations for the National
Cotton Council of America The main agenda item, however, xvill
be a panel and discussion session on bale packaging focused pri-
marily on the moisture issue that will include viexvs from a cross
section of the cotton industry
Boll weevil eradication assessment notices were recently mailed
to cotton producers in the six eradication zones across Plains Cot-
ton Growers. Inc's 41-county area The assessments are based on
information cotton producers provide the Farm Service Agency
when they certify their crops If growers find an error in the infor-
mation on their billing, they will need to correct the information at
their local FSA office and forward the corrected information to the
Texas Boll Weevil Eradication Foundation Payment is due Sept
29. but a 2 percent discount is axailablc to growers who pax the full
assessment by Sept 14
In two of the High Plains zones. Northwest Plains and North-
ern High Plains, growers with failed acres arc eligible to receive a
credit on those acres destroyed and not harvested In the other Tour
zones. Panhandle. Permian Basin. Southern High Plains, and West-
ern High Plains, growers who failed acreage prior to the final certi-
fication date of July 12 arc eligible to rcccixc a credit on those acres
destroyed Producers must certify failed acres with FSA and pro-
vide documentation to the foundation
Toaid growers who haxcbccn affected by adxcrsc weather con-
ditions the TBWEF is offering payment extension agreements foi
producers whose accounts arc current Producers entering into an
extension agreement must make a 10 percent down paxment. and
”>cy will be charged a late fee of 1 percent per month’ until their
accounts arc paid This late fee begins on the date the signed agree-
ment and down payment arc rcccixcd by the Assessments Depart-
ment Producers who arc delinquent in paxment and who do not
have an extension agreement arc subject to a late fee of 1 5 percent
per month Producers xx uh extension agreements haxc 150 dax s to
pay their accounts For more information contact the Foundation s
Assessments Department m Abilene at (866) 672-2800
silage or hay. pastures arc bare to fanners and ranchers, mclud-
and hax barns are emptx Much mg machinery sales supplies
of the hay being fed is from out- -md other production needs The
of-statc or along the upper coast driest regions of the slate arc the
which has rcccixcd faxorablc Panhandle Southern High and
rains Lixcuock water supplies Rolling Plains Northeast Texas
arc disappearing and ranchers and the Lower Rio Grande Val-
are unable to sustain herds with ley.” said Anderson
purchased hax and dry tanks ” Larry Nelson said. 'Obx lously
Andersoiralso said. “Rural ar- we’d ralhci hax e had this rain at
eas are being hardest hit. xvith the first of August, but we didn’t
projected economic losses at $8 gel it then We arc grateful that
bilhon xvhen the agribusiness nn- we did get it noxx We hope the
pact is included This includes areas that got inadequate rain-
busincsscs that proxide equip- fall during this time will get more
ment and services to fanners and ram The places that got the
ranchers, including machinery abundant tain xvill nox\’ need sun-
sales, supplies and other produc- shine and heat ’’
|
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The Tulia Herald (Tulia, Tex.), Vol. 98, No. 34, Ed. 1 Thursday, August 24, 2006, newspaper, August 24, 2006; Tulia, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1249320/m1/3/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Swisher County Library.