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In April, Lloyd Arthur, Steve Cochran, Gary McGehee, Lupe Torres, Cody Carson, George Caldwell and I went to Mexico to meet with some Mexican mill owners to promote cotton trade. We visited with some of the biggest mills in Mexico. One of these mills uses 28,000 bales a month. Although they buy Mexican cotton and at times have bought South American and China cotton, they like U.S. cotton the best because of quality and USDA classification. It just seems logical and good business to try to sell them Texas cotton.
On Sept. 20, 21 and 22, Texas FarmBureau will be hosting a meeting in Post, Texas to follow up on our April-Mexico Trade Tour. The meeting on the 21st will last from 9 a.m. to 4 p.m. and will include speakers from Export/Import Bank of the U.S., USDA Mexico trade office, Mexico mill owners, Texas gins and Texas cotton producers, Sept. 20 and 22 will be used to tour the Lubbock cotton area.
Texas Farm Bureau is working to help agricultural producers be profitable.
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.
By Bryce Myrick
Director, TFB Agricultural
Marketing Education
Fundamentals:
Looks like a large U.S. crop
Technical
Analysis: Trend - Down; Resistance - 49.20; Support - 47.90;
Closed at 48.25
Fundamentals: High oil prices negative for agriculture
Technical
Analysis: Trend - Up; Resistance - 68.40; Support - 59.50;
Closed at 67.25
Fundamentals: Too much spread between fats and feeders
Technical Analysis: Trend - Sideways; Resistance - 108.10; Support
- 105.90; Closed at 107.65
Fundamentals: Fats losing $100 a head
Technical Analysis:
Trend - Down; Resistance - 82.10; Support - 79.80;
Closed at 81.57
