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The USDA's December cotton and wool outlook estimates US cotton production at 18.3 million bales, up 25% from 2020. Whole cottonseed supply is projected to be about 1 million tons higher than last year, mainly from Texas.
Dairy and beef producers can expect more whole cottonseed to be available.
A larger cottonseed supply adds feed-ingredient availability for dairy and beef rations, which can weigh on cottonseed meal prices. The increase is tied to better Texas growing conditions rather than a demand shift.
dairyherd.comFeb 14, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
