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Data & Analysis

Agriculture - June 2009

Data Sources on the Web
National Cotton Council
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
Data and Analysis

Agriculture

June 2009

District crops benefited from favorable weather during May and early June. Top soil moisture conditions were adequate in all areas, with the exception of southern Louisiana. The U.S. Drought Monitor reported that Alabama and Georgia are now no longer under the severe drought conditions seen earlier in the year.

Poultry
Cotton
Citrus
Peanuts

Poultry
The District's poultry industry outlook is mixed at midyear. According to U.S. Department of Agriculture (USDA) data, 2009 production is forecast to be similar to the 2008 level because lower production and supply levels have boosted the short-term outlook for exports. Broiler exports during the first four months of 2009 were up 9 percent from the same months in 2008. A decrease in the number of shipments to Russia, the largest market for U.S. poultry exports, was strongly offset by higher demand from Mexico (up 39 percent) and China (up 15 percent). A continued strong demand for broiler products and flat production levels this year have reportedly sustained the near-term price outlook for chicken products.

Cotton
Lower demand from domestic and global textile mills and declining global supply continues to dominate the uncertain market conditions for cotton at midyear. The USDA recently estimated that global cotton acreage and production are likely to decline for the third consecutive year. The United States remains an export-dominated market, with cotton exports accounting for about 75 percent of the demand for U.S cotton. As the global economy continues to struggle, U.S cotton exports will once again depend on a recovery of China's cotton consumption and, to a lesser extent, the recover of other major import destination countries such as Pakistan, Bangladesh, and Turkey.

Citrus
Most citrus-producing Florida counties benefited from a rainy spring season. The citrus crop is progressing well, helped by favorable weather conditions. Despite reported challenges from greening disease, Florida production estimates for the 2008–2009 crop were unchanged from estimates made in late 2008, according to the USDA.

Peanuts
The recent salmonella outbreak had a significant impact on peanut planting and consumer demand. Peanut acreage this year is down 27 percent, with Georgia and Alabama posting the largest drops. By mid-June, District growers had planted 10 percent less peanuts than in earlier years. However, thanks to favorable weather so far this year, crop conditions in most producing areas are favorable.


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