Selected Spot Cotton Prices, Landed Mill

            MP_CN207
         May 24, 2012         Memphis, TN       USDA Cotton Programs, MNB

Spot quotations are in cents per pound for cotton equal to the Official
Standards, net weight, in mixed lots, compressed, FOB car/truck.
                     SOUTHEAST                           NORTH DELTA
       Staple            31-3     41-4     51-5     42-4     31-3     41-4     51-5     42-4
         33              69.94    69.44    66.44    68.94    68.19    67.19    63.94    66.44
         34              71.69    70.94    67.19    69.44    70.44    69.94    65.44    66.94
         35              73.94    71.44    67.69    69.44    70.94    70.19    65.69    67.69
         36              74.69    72.44    67.94    69.69    71.44    70.19    65.94    67.94

                     SOUTH DELTA                         DESERT SOUTHWEST
       Staple            31-3     41-4     51-5     42-4     21-2     31-3     41-4     51-5
         33              68.44    67.19    63.69    66.19    65.19    64.44    59.69    57.94
         34              70.44    69.94    65.19    66.94    67.94    67.19    65.69    58.44
         35              70.94    70.19    65.69    67.69    73.19    72.19    66.69    61.19
         36              71.44    70.19    65.94    67.69    73.79    73.04    67.54    61.44

       Staple        EAST TEXAS-OKLAHOMA                          WEST TEXAS
                         21-2     31-3     41-4     42-4     21-2     31-3     41-4     42-4
         29              62.25    61.50    60.00    59.25    61.75    60.75    59.00    58.00
         30              63.50    62.75    61.50    60.25    63.00    62.50    61.00    59.75
         31              65.75    65.25    63.00    61.00    66.50    65.50    62.25    60.75
         32              69.25    68.75    66.00    65.25    70.50    69.00    66.25    64.75
         33              72.50    71.00    67.50    65.50    75.00    72.50    67.75    65.75
         34              73.75    71.50    68.00    66.00    75.75    74.25    68.25    67.00
         35              73.75    71.50    68.00    66.00    76.00    74.25    68.25    67.00
         36              73.75    71.50    71.50    66.00    76.00    74.25    71.75    67.00

       Staple        SAN JOAQUIN VALLEY
                         21-2     31-3     41-4     32-3
         34              81.34    79.84    70.24    70.19
         35              82.09    80.59    70.34    70.69
         36              83.34    81.84    70.34    70.19

MIKE DIFFERENCES - POINTS PER POUND
Mike Ranges                SE       ND       SD       ET       WT      DSW      SJV     AVG.
24 & Below                                           -875     -925    -1200             -1000
        25-26             -825    -1000    -1100     -825     -875    -1000            -937.5
        27-29             -425     -650     -750     -575     -600     -900    -1600   -785.7
        30-32             -275     -325     -325     -300     -375     -500    -1000   -442.9
        33-34             -150     -125     -125     -150     -200     -300     -500   -221.4
     Base 35-36              0        0        0        0        0        0        0        0
        37-42                0       25       25       15       15       25       25   18.571
     Base 43-49              0        0        0        0        0        0        0        0
        50-52             -400     -300     -300     -265     -265     -325     -500   -336.4
53 & Above                -475     -425     -425     -400     -400     -525            -441.7

STRENGTH DIFFERENCES - POINTS PER POUND
Strength                   SE       ND       SD       ET       WT      DSW      SJV     AVG.
19.0 - 19.9                                          -175     -175                       -175
20.0 - 20.9                                          -175     -175                       -175
21.0 - 21.9               -425     -300     -275     -150     -150     -600            -316.7
22.0 - 22.9               -350     -250     -225     -125     -125     -450            -254.2
23.0 - 23.9               -300     -200     -175     -100     -100     -300            -195.8
24.0 - 24.9               -250     -175     -125     -100     -100     -225     -200   -167.9
25.0 - 25.9               -200     -150     -100     -100     -100     -200     -200     -150
26.0 - 26.9                -25      -25      -25      -50      -50     -125     -150   -64.29
Base 27.0 - 28.9             0        0        0        0        0        0        0        0
29.0 - 29.9                  0        0        0        0        0        0        0        0
30.0 - 30.9                 25       25       25       25       25       25       25       25
31.0 - 32.9                 50       50       50       50       25       50       50   46.429
33.0 & above                50       50       50       50       25      100      100   60.714

UNIFORMITY DIFFERENCES
Uniformity                 SE       ND       SD       ET       WT      DSW      SJV     AVG.
     77 & below           -125      -90      -90      -90      -90     -100      -60      -92
         78               -110      -80      -80      -75      -75      -90      -50      -80
         70               -100      -70      -70      -60      -60      -80      -40      -69
         80                -25        0        0        0        0        0        0       -4
       Base 81               0        0        0        0        0        0        0        0
         82                  0        0        0        0        0        0        0        0
         83                 20       30       30       10        0       30       30       21
         84                 30       40       40       10       10       40       40       30
         85                 40       50       50       20       20       50       50       40
     86 & above             50       60       60       30       30       60       60       50

LANDED MILL QUOTATIONS - GROUP 201 MILL POINTS
Cents per pound, even running lots, mike 35-49, strength 23.5 or more grams per tex, net weight, prom




                     SE Growths                          Delta Growths
       Staple        31-3     41-4     51-5     42-4       31-3   41-4     51-5     42-4
         33          NQ       NQ       NQ       NQ       NQ       NQ       NQ       NQ
         34          NQ       NQ       NQ       NQ       NQ       NQ       NQ       NQ
         35          NQ       NQ       NQ       NQ       NQ       NQ       NQ       NQ

                     TX-OK Growths                       SJV Growths
       Staple        31-3     41-4     32-3     42-4       31-3   41-4     51-5
         31          NQ       NQ       NQ       NQ
         32          NQ       NQ       NQ       NQ
         33          NQ       NQ       NQ       NQ
         34          NQ       NQ       NQ       NQ          NQ       NQ       NQ
         35                                                 NQ       NQ       NQ
         36                                                 NQ       NQ       NQ


Cotton Program, Market News Branch
3275 Appling Rd
Memphis, TN  38133
(901) 384-3016
www.ams.usda.gov/cotton/mncs/index.htm

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