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Data & Analysis

Agriculture - August 2009

Data Sources on the Web
U.S. Department of Agriculture (USDA)
U.S. Drought Monitor
 
Excel logo Data
Prices Received by Farmers—Poultry
Prices Received by Farmers-Poultry
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Source: USDA

Excel logo Data
Prices Received by Farmers—Cotton
Prices Received by Farmers-Cotton
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Source: USDA

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Prices Received by Farmers—Oranges
Prices Received by Farmers-Citrus
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Source: USDA
August 2009

According to the U.S. Drought Monitor, most District farms benefitted from moderate precipitation that improved soil moisture conditions in July. However, some areas of Georgia and Tennessee remained dry. Lower domestic and unstable global demand continued to trouble the near-term outlook for cotton and poultry.

Poultry
Through the first half of 2009, broiler meat production was down nearly 6 percent as a result of weak domestic demand and uncertain global market conditions. Although world poultry prices have shown some volatility, prices for leg quarters have remained stable. Poultry export sales through midyear were still ahead of year-earlier levels despite smaller shipments to China (one of the United States’ top export markets) and other markets. Weak export demand from these markets was offset by larger shipments to Mexico and Russia.

Cotton
Global markets continued to be dependant on textile mill use by China and by other major producers. Prices received by farmers have stayed between 40 and 50 cents per bale, and global production estimates, currently at 105 million bales, are not much different than last year.

Citrus
The July USDA forecast for Florida orange production was up slightly from June. Because of record low volumes of grapefruit and tangerine crops, combined annual citrus production trends are moving downward. Some growers are complaining about the rising cost of battling diseases like greening and canker, which has resulted in sharply higher productions costs.


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