Texas - Oklahoma Producer Cotton Market Summary: 2001/2002
AbstractThe volume of the Texas-Oklahoma spot cotton market analyzed by the Daily Price Estimation System (DPES) for the 2001/02 marketing year increased from 222,283 bales the previous year to 364,267 bales this year. The average price received by producers during the 2001/02 marketing year was 26.8 cents/lb, which is considerably less than the previous year. The 2001 crop was generally of good quality. The average micronaire level was higher in 2001 at 4.41, and the average number of bales having level 1 bark was up in comparison to the 2000 crop. With the exception of strength, price discounts for the 2001 crop decreased for all quality attributes, coupled with a decrease in premiums. In regard to strength, producers did not appear to receive a premium for higher levels of strength while lower levels of strength were discounted more severely than the previous year.
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Bibliographic InfoPaper provided by Texas Tech University, Department of Agricultural and Applied Economics in its series Cotton Economics Research Institute CER Series with number 31245.
Date of creation: 2002
Date of revision:
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- Brown, Jeff E. & Ethridge, Don E. & Hudson, Darren & Engels, Carlos, 1995. "An Automated Econometric Approach For Estimating And Reporting Daily Cotton Market Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(02), December.
- Brown, Jeff E. & Ethridge, Don E., 1995. "Functional Form Model Specification: An Application To Hedonic Pricing," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(2), October.
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