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Cottonseed spot prices are hovering just above March's historical lows, ranging from $145 in North Carolina to $217 in Wisconsin. Cotton Incorporated says prices are expected to stay low through summer.
It cites a large 2018 cotton crop and suggests using cottonseed as a cheap butterfat and protein source.
Abundant supply and low prices make cottonseed a cheap alternative to soybean meal and forage for dairy rations. Continued low prices weigh on the cottonseed meal price.
Not 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.