The Farmer's Weblog
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Friday, July 25, 2003 |
The latest U.S. Department of Agriculture (USDA) forecast for 2003/04 projects
cotton stocks to decline for the second consecutive season as record world cotton
more than offsets a rebound in production. World cotton ending stocks are forecast
million bales for 2003/04, 11 percent or 4 million bales below a year earlier and
lowest since 1994/95.
Unlike last season, however, the 2003/04 reduction is expected to occur[~]for the part[~]outside of China. Approximately 90 percent of the projected decline is attributable to reductions in the United States and the rest of the world, excluding China. Stocks the United States and foreign countries outside of China are expected to reach their lowest levels in 4 and 6 years, respectively. While China is still expected to account one-quarter of global stocks[~]8.3 million bales[~]stocks would be their lowest decade and well below the 23 million bales held by China just 5 years ago.
1:27:26 PM 
California Weekly Hay Report
Southern California: FOB Barn/Stack: 17,627 Tons Delivered: 5,525
Compared to last week, Premium and Supreme Alfalfa not tested.
Fair and Good Alfalfa steady. Demand light, some producers willing to
wait and see. Supplies moderate to heavy. Exporters still mostly
busy with Sudan hay, but inventories near full. Bermuda straw
inventories near full. Retail and stable hay steady, demand light,
supplies moderate.
Chino Valley-Los Angeles: Delivered dairy, Alfalfa |
Grade |
tons |
price range |
avg price |
Good |
225 |
103.00-108.00 |
105.78 |
Fair |
3,600 |
88.00-105.00 |
93.43 |
Good/Forage mix |
50 |
160.00 |
160.00 |
Premium/Retail/light |
150 |
150.00-175.00 |
158.33 |
Good/Prem/Retail/light |
100 |
140.00-150.00 |
145.00 |
Good/Prem/Stable/heavy |
650 |
105.00-125.00 |
111.35 |
Good/Stable/heavy |
250 |
100.00-102.00 |
100.40 |
Antelope Valley-Mojave Desert: Alfalfa, FOB producers |
Grade |
tons |
price range |
avg price |
Premium |
75 |
100.00 |
100.00 |
Premium/Forage mix |
125 |
145.00-180.00 |
161.00 |
Good/Forage mix |
100 |
100.00-120.00 |
110.50 |
Premium/Retail/light |
625 |
120.00-130.00 |
123.20 |
Good/Prem/Retail/light |
600 |
110.00-115.00 |
110.83 |
Imperial Valley: Alfalfa, FOB producers |
Grade |
tons |
price range |
avg price |
Good |
150 |
75.00- 85.00 |
83.33 |
Fair |
2,881 |
65.00- 70.00 |
67.08 |
Good/Prem/Retail/light |
450 |
90.00- 95.00 |
93.33 |
Good/Prem/Stable/heavy |
776 |
80.00- 87.00 |
83.22 |
Good/Stable/heavy |
160 |
75.00 |
75.00 |
Blythe-Parker: Alfalfa, FOB producers |
Grade |
tons |
price range |
avg price |
Fair |
2,685 |
63.00- 65.00 |
63.51 |
9,625 tons of other hay. Fair Alfalfa, light weeds, grass and/or
rain damage 86.00 delivered. Timothy hay, racetrack accounts, 245.00;
retail 276.00 delivered. Green chop Alfalfa 33.00 per ton delivered
feed bunk. Antelope Valley, Mojave Desert: Premium Forage mix hay to
retail accounts 130.00-180.00 per bale FOB. Good to Premium Forage
mix hay to retail accounts 110.00-120.00 FOB. Premium Alfalfa hay to
retail accounts 120.00-130.00 per bale FOB. Good to Premium Alfalfa
hay to retail accounts 100.00-110.00 per bale FOB. Imperial Valley:
Good Alfalfa, export accounts, 75.00 FOB. Bermuda, retail accounts,
100.00-110.00 FOB. Bermuda, stable accounts, 95.00-100.00 FOB.
Bermuda, export accounts, 85.00-90.00; #2 80.00 FOB. Bermuda straw,
export accounts, 35.00-38.00, some going to domestic use 40.00-42.00
FOB. Sudan: Export accounts, fine stem, very light color, 125.00-
130.00; fine stem, light color 115.00-125.00; fine to medium stem,
light to medium color 90.00-115.00; fine to medium stem, medium color,
60.00-90.00, lower end of range has brown leaf, and or moisture
problems
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