SE Cash Cotton Prices Slipping Alongside Futures

At the 2 weekly livestock auctions held Wednesday at North Wilkesboro and Norwood 692 cattle and 1 goat were sold. Slaughter cows were mostly steady to $8.00 higher; bulls were mostly steady to $5.00 lower.  Feeder bulls and steers were mostly steady to $3.00 higher; heifers were mostly steady to $6.00 lower when compared to the previous sales.   Average dressing slaughter cows brought $60.00 to $78.00.  Average dressing slaughter bulls, 1000 lbs. & up, sold at $90.00 to $101.00 with high dressing up to $108.00.

N.C. Broiler-fryers: The market is steady and the live supply is adequate to meet the moderate demand.  Average weights are mostly heavy. The estimated slaughter for Thursday in North Carolina is 2,927,000 head compared to 2,893,000 head last Thursday.

N.C. Eggs:  The market is steady on Small, higher on the balance. Supplies are moderate.  Retail demand is moderate.  Weighted average prices for small lot sales of grade A eggs delivered to nearby retail outlets: Extra Large 87.90, Large 79.98, Medium 63.69, and Small 52.00.

 Cotton:  The strict-low-middling one and one sixteenth South East average price is 78.49 cents per pound, the U.S. average is 76.56 cents per pound.

U.S. 2 yellow shelled corn was 5 cents lower when compared to the previous day.  Prices ranged $3.89-$4.56 at feed mills and $3.76-$4.41 at elevators; new crop $3.89-$4.63.  U.S. 1 yellow soybeans were 31 cents lower; prices were $8.90-$9.24 at the elevators; new crop $9.04-$9.50.  U.S. 2 soft red winter wheat was without a price comparison; new crop $4.00-$4.46.  Soybean meal, f.o.b. at processing plants was without a per ton price for 48% protein.

A native of the Texas Panhandle, Rhonda was born and raised on a cotton farm where she saw cotton farming evolve from ditch irrigation to center pivot irrigation and harvest trailers to modules. After graduating from Texas Tech University, she got her start in radio with KGNC News Talk 710 in Amarillo, Texas.