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Pecan Price Report: Georgia, Louisiana, Texas, Oklahoma, New Mexico, Arizona

Owen Taylor
USDA December 6, 2011 20:48

GEORGIA (via Thomasville, Georgia)

Deliveries were slow this week. Most of the deliveries were Blends. Prices have stabilized and are about steady from the previous week. Growers estimate that the harvest is around eighty percent complete throughout the state.

Demand is moderate to slow from the export trade to Asia and other markets, and moderate with domestic buyers. Some growers are sending the pecans to market, while others are preparing them for cold storage to sell after the first of January. Buying interest displayed by end users was moderate for in-shell giftpack use as they continue to use inventories on hand. Trading was strong for in-shell and giftpack uses.

When purchased on a meat cost basis small and large lots of Blends with meat yields of 46% or better (nut count under 65) sold in a range of about $4.50-5.00 per point, mostly $4.75-4.90. Blends with meat yields of 46% or better (nut count over 65 and under 80) sold in a range of about $4.20-4.90 mostly $4.43-4.75 per point. Blends with a smaller nut size over 80 count and meat yields of 47% or better sold in a range of about $4.20-4.30 per point.

High quality Improved varieties with appropriate nut counts sold in a range of about $4.70-5.10 per point, mostly $4.90-5.00. (To get price per pound use this formula: dollars per point X meat yield = cents per pound) (To get a per point figure: dollars per pound divided by meat yield = dollars per point)

Prices paid to growers (late afternoon Thursday, December 01, 2011 thru late afternoon Tuesday, December 06, 2011) at buyers delivery point or f.o.b. the orchard including direct sales

to end users, cents per pound in-shell of generally good quality in lots of 20,000 pounds or less unless otherwise stated.

Desirable yard tree lots of generally good quality 150-200 mostly 160 fair quality lower

Elliot yard tree lots of generally good quality 120-160

Moneymaker yard tree lots of generally good quality 100-140 fair quality lower

Schley yard tree lots of generally good quality 125-160

Seedling 40-43% meat yield140-170 yard tree lots of generally good quality 100-125 fair quality lower

Stuart yard tree lots of generally good quality 120-160 fair quality lower

Lots in excess of 20,000 pounds including trailer load lots:

Cape Fear deliveries insufficient to establish market

Desirables deliveries insufficient to establish market

Schley deliveries insufficient to establish market

Stuart deliveries insufficient to establish market

Sumner deliveries insufficient to establish market

THE NEXT GEORGIA REPORT WILL BE ISSUED ON TUESDAY, DECEMBER 06, 2011.

LOUISIANA (via Thomasville, Georgia)

Deliveries were slow this week as growers are deciding whether or not to take prices offered or wait until demand increases. Most sales are from the retail giftpack sector where demand is good and sales are strong. Buying interest displayed by end users was good for in-shell giftpack use, and fairly light for commercial sheller use. Prices were steady this week from commercial buyers. Trading is good for the giftpack in-shell business.

Prices paid to growers (late afternoon Thursday, December 01, 2011 thru late afternoon Tuesday, December 06, 2011) at buyers delivery point or f.o.b. the orchard including direct sales to end users, cents per pound in-shell of generally good quality in lots of less than 5,000 pounds unless otherwise stated.

Candies yard tree lots of generally good quality 125-150 mostly 130-140 occasional lower

Desirables yard tree lots of generally good quality 130-175 mostly 160 occasional lower

Elliot yard tree lots of generally good quality 125-165 mostly 130-145 occasional lower

Natives 42% meat yield or better 160 38% meat yield 130-140 occasional higher yard tree lots of generally good quality 90-130

Stuart yard tree lots of generally good quality 130-150 occasional higher and lower

Lots in excess of 20,000 pounds including trailer load lots:

Desirables deliveries insufficient to establish market

Natives 42% meat yield or better 160

THE NEXT LOUISIANA REPORT WILL BE ISSUED ON THURSDAY, DECEMBER 08, 2011.

TEXAS (via Phoenix, Arizona)

TEXAS (Central, South, Eastern Areas)

Deliveries by growers to delivery points of Improved varieties were fairly light. Demand was moderate for good quality pecans. Prices paid to growers were generally unchanged. Harvesting for the season remained slow as Improved varieties are slow to becoming harvest ready, caused mainly by adverse weather conditions during the growing season. Harvesting is increasing for the Native varieties as the temperatures are decreasing, and harvesting is slowing for the season for Improved varieties. Harvesting is expected to increase now that the first freezing temperatures of the season have begun, thus allowing increased shuck split, tree defoliation and nut drop.

The weather forecast for the rest of the week calls for low temperatures in the upper 20s to low 40s and high temperatures in the low 50s to low 60s with a ten to twenty percent chance of precipitation on Friday, December 9 and Saturday, December 10, and a 30 to 40 percent chance of precipitation on Sunday, December 11.

Buying interest displayed by end users was moderate for in-shell, gift pack use, and moderate for commercial sheller use as shellers continue to utilize inventories on hand or make purchases from other production areas or wait for additional availability of nuts. Trading was very light for in-shell and gift pack uses.

Prices paid to growers at Texas delivery points or f.o.b. the orchard from noon Thursday, December 01, 2011 to noon Tuesday, December 06, 2011 cents per pound in-shell in lots less than 20,000 pounds, mostly small lots of 5,000-10,000 pounds.

Cheyenne (deliveries light) 56-57% meat yield 250-325 mostly 275.

Desirable (deliveries light) too few to establish a market.

Natives (deliveries light) yard tree lots 100; machine picked 140-150.

THE NEXT TEXAS REPORT WILL BE ISSUED ON THURSDAY, DECEMBER 08, 2011.

OKLAHOMA (via Phoenix, Arizona)

Deliveries by growers to buying points were light with most deliveries in small lots. Demand was fairly good for good quality pecans. Harvesting remained slow this week. Trade sources report some pecan quality problems due to pecan scab and pecan weevil damage.

The weather forecast for the balance of the week calls for high temperatures from the upper 30s to low 50s, with low temperatures in the upper 10s to upper 30s. Below freezing temperatures are anticipated in all areas of the state. There is a 10 percent chance of precipitation on Friday, December 9 and Sunday, December 11.

Buying interest displayed by end users was fairly good for retail in-shell, gift pack use, and moderate for commercial sheller use as shellers utilize inventories on hand or make purchases from other production areas, as well as wait for additional availability of nuts. There has been interest shown by China for exported pecans. Trading was light for in-shell and gift pack uses.

Purchases of Improved varieties displaying good quality, nut count and high meat yield suitable for in-shell and gift pack purposes were insufficient to establish a market and Native varieties were $4.00 per point in shell.

Prices paid to growers at Oklahoma delivery points or f.o.b. the orchard from noon Thursday, December 01, 2011 to noon Tuesday, December 06, 2011, cents per pound in-shell in lots less than 20,000 pounds, mostly small lots of 1,000-5,000 pounds.

Natives (deliveries light) machine picked 150.

THE NEXT OKLAHOMA REPORT WILL BE ISSUED ON THURSDAY, DECEMBER 08, 2011.

ARIZONA, NEW MEXICO AND WEST TEXAS (via Phoenix, Arizona)

Due to extreme weather conditions, including rain measuring from one half inch to one inch on Friday, December 2, two to five inches of snow on Monday, December 5, with temperatures dropping into the teens and reaching highs of 32 degrees on Tuesday, December 6 in the Las Cruces and El Paso regional areas, pricing is currently unavailable.

Weather forecast calls for low temperatures from the low 20s to mid-30s and high temperatures in the low 30s to mid-50s for the duration of the week, with a ten percent chance of precipitation on Wednesday, December 07.

End users have made purchases from other growing areas, including Mexico, or have utilized inventories on hand while waiting for harvest activity to commence.

Due to light deliveries and sales, no report will be issued on Thursday, December 8, 2011.

THE NEXT ARIZONA, NEW MEXICO AND WEST TEXAS REPORT WILL BE ISSUED ON TUESDAY, DECEMBER 13, 2011.

Mike Rafanan, local representative

Owen Taylor
USDA December 6, 2011 20:48

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