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Texas-Oklahoma Producer Cotton Market Summary: 2003/2004

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  • Ethridge, Don E.
  • Misra, Sukant K.
  • Fadiga, Mohamadou L.

Abstract

The analysis of the West Texas and East Texas/Oklahoma spot market using the Daily Price Estimation System (DPES) indicated an overall increase in quality in the 2003/04 marketing year. The results also indicated an overall price increase compared to the last four years, averaging 63.68 cents a pound. The combined total bales and total sales between the two regions were lower in 2003/04, with most of the decrease due to lower sales in West Texas. Total sales in East Texas/Oklahoma did not change much and total bales were 15 percent higher than their 2002/03 level. For the 2003/04 marketing year, the results indicated lower premiums for low leaf grade and higher premiums for higher staple length, color grade, and higher level of strength. However, premium levels for better than base quality first digit color grade appear to be minimal. Price discounts in 2003/04 for staple length, first and second digit color grade, strength, and uniformity either remained unchanged or decreased, while discounts for leaf, micronaire, and bark increased compared to the 2002/03 levels.

Suggested Citation

  • Ethridge, Don E. & Misra, Sukant K. & Fadiga, Mohamadou L., 2004. "Texas-Oklahoma Producer Cotton Market Summary: 2003/2004," Cotton Economics Research Institute CER Series 31246, Texas Tech University, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:ttucer:31246
    DOI: 10.22004/ag.econ.31246
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    References listed on IDEAS

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    1. 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(2), pages 1-14, December.
    2. Brown, Jeff E. & Ethridge, Don E., 1995. "Functional Form Model Specification: An Application to Hedonic Pricing," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(2), pages 166-173, October.
    3. 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), pages 1-8, October.
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    Crop Production/Industries;

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