Cottonseed too cheap, but dairies are frugal

Cottonseed cooperative executive Sammy Wright told the Southern Cotton Ginners Association conference that cottonseed is underpriced and that its use in dairy rations depends on price, since dairies drop it when prices rise. He said crushing has fallen to about one third of US production, held near 1.8 million tons, and tied the industry's fortunes to a dairy sector facing consolidation and falling milk consumption.