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January 7, 2000

MARKETING
MARKETING
MARKETING

By Bryce Myrick
Director, TFB Agricultural Marketing Education

Grains and cotton markets are very depressed. December Futures are expiring and we are saying Goodbye and Good Riddance. Believe it or not, there will be a time when these prices get better. Cattle prices are good and may need to be protected.

A Good Marketing Plan for the Year 2000 is going to be vital for any success in agriculture for next year. To help you with a marketing plan, we will be having a regional Cattle and Cotton Workshop in Plainview March 7. We have excellent industry speakers that will be in attendance.

For cotton we will have an exporter that specializes in selling Texas cotton to Europe and South America. We will have a panel of cotton buyers to discuss 2000 year prices and options available.

For cattle we have speakers that will discuss stockers and cattle feeding. Our cattle panel will discuss formulated cattle, retained ownership, and feedlot opportunities.

If we can help you in any way, please give us a call.

To set up workshops or for help with your hedging needs, call 254-751-2242 or 915-698-0355 or e-mail: bbmyrick@swconnect.com.


ChartCattle.jpg (34421 bytes)

April Feeder Cattle
Fundamentals:
Fat Cattle Prices Below 70
Technical Analysis: Short Term Trend-Down/Support-81.10/Resistance-85.70

 

ChartCotton.jpg (34929 bytes)

March Cotton
Fundamentals:
Step 2 has increased exports.
Technical Analysis: Trend Down-Looking for bottom/Support-49.70/Resistance-51.80

 

ChartWheat.jpg (34683 bytes)

May KC Wheat
Fundamentals:
No rain in growing area-carryover increased
Technical Analysis: Trend Down/Support-None/Resistance-3.08

 

ChartRice.jpg (34537 bytes)

March Rice
Fundamentals:
Large U.S. & Foreign Production
Technical Analysis: Trend-Sideways/Support - 5.55/Resistance 6.10