Local cotton prices skyrocketing to record setting levels - KCBD NewsChannel 11 Lubbock

Local cotton prices skyrocketing to record setting levels

By James Clark - email

LUBBOCK, TX (KCBD) - It could be a record-setting year for Lubbock's cotton industry.  According to Lubbock-based Plains Cotton Growers, "2010 is on pace to easily set a new record for Average Price Received by growers." PCG quotes U.S. Department of Agriculture statistics as saying the record high average price is 75.4 cents per pound, which was set in 1995.  

The PCG website says, "So far the 2010 Upland Cotton Weighted Average Price, calculated through October 2010, stands at 77.44 cents per pound. The preliminary mid-month price reported for November 2010 is 80.10 cents per pound."

 Meanwhile cotton contract prices on the futures market surged last week based upon concern about India's cotton crop.  Cotton futures rose 6 cents to $1.3234 per pound.  With the exception of Civil War prices of $1.89 per pound, that's an all time record.

Copyright KCBD NewsChannel 11.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Police: CA mother kills 2 children, then herself

    Police: CA mother kills 2 children, then herself

    Tuesday, April 24 2018 2:55 AM EDT2018-04-24 06:55:51 GMT
    Tuesday, April 24 2018 3:02 AM EDT2018-04-24 07:02:43 GMT
    Police in Modesto, CA, are searching for a motive in the shooting death of two children apparently carried out by their mother before she killed herself. (Source: KCRA/CNN)Police in Modesto, CA, are searching for a motive in the shooting death of two children apparently carried out by their mother before she killed herself. (Source: KCRA/CNN)

    Police in Modesto, CA, are searching for a motive in the shooting death of two children apparently carried out by their mother before she killed herself.

    Police in Modesto, CA, are searching for a motive in the shooting death of two children apparently carried out by their mother before she killed herself.

  • Attorney: California police shot unarmed black man 10 times

    Attorney: California police shot unarmed black man 10 times

    Monday, April 23 2018 10:15 PM EDT2018-04-24 02:15:47 GMT
    Tuesday, April 24 2018 2:52 AM EDT2018-04-24 06:52:27 GMT
    (James Quigg/The Daily Press via AP). Lee Merritt, center, leads a news conference, Monday, April 23 2018, in San Bernardino, Calif., announcing a series of lawsuits against the Barstow Police Department regarding the shooting death of Diante "Butchie"...(James Quigg/The Daily Press via AP). Lee Merritt, center, leads a news conference, Monday, April 23 2018, in San Bernardino, Calif., announcing a series of lawsuits against the Barstow Police Department regarding the shooting death of Diante "Butchie"...

    Lawyers for the family of a black man killed by police in a busy Southern California parking lot say an autopsy found he was shot 10 times and died from choking on his own blood as police delayed getting him medical help.

    Lawyers for the family of a black man killed by police in a busy Southern California parking lot say an autopsy found he was shot 10 times and died from choking on his own blood as police delayed getting him medical help.

  • Former President George H.W. Bush in ICU at Houston hospital

    Former President George H.W. Bush in ICU at Houston hospital

    Monday, April 23 2018 6:52 PM EDT2018-04-23 22:52:47 GMT
    Tuesday, April 24 2018 1:55 AM EDT2018-04-24 05:55:32 GMT
    Former President George H. W. Bush was hospitalized Wednesday, but his condition has steadily improved. (Source: CNN)Former President George H. W. Bush was hospitalized Wednesday, but his condition has steadily improved. (Source: CNN)

    Bush, 93, lost his wife Barbara just last week. The couple was married for 73 years, longer than any other president and first lady in history. 

    Bush, 93, lost his wife Barbara just last week. The couple was married for 73 years, longer than any other president and first lady in history. 

Powered by Frankly