Cotton Prices Reach Recent Lows and BLM Conservation and Landscape Health Rule
From the Ag Information Network, I’m Bob Larson with your Agribusiness Udpate.
**Cotton prices reached a new recent low of 77 cents, losing a little over 3 cents in 3 days, the lowest price since mid-December.
www.morningagclips.com reports, on June 30, USDA released its first estimate of actual acres planted for 2023.
As expected, it’s less than what farmers intended to plant back in March.
However, the 11.09 million acres planted, 19.4% less than last year, is still more than what some industry observers believe is out there.
www.morningagclips.com/cotton-marketing-news-for-july-6/
**The Public Lands Council is raising concerns with the Bureau of Land Management’s proposed “Conservation and Landscape Health” rule.
PLC comments were signed by 55 state and national organizations, including the National Cattlemen’s Beef Association, and the American Farm Bureau.
PLC President Mark Roeber says, if BLM is serious about lasting conservation, they should have talked to ranchers first and not forged ahead blindly with a controversial rule that will cost billions.
**The U.N. Food and Agriculture Organization’s World Food Price Index averaged 122.3 points in June, down 1.7 points from May, continuing a downward trend.
The current level is 37 points or 23% below the peak in March of last year.
The monthly decline reflected drops in sugar, vegetable oils, cereals, and dairy products, while the meat price index was virtually steady.
