The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,
Pecan Prices For Georgia, Louisiana, Oklahoma, Texas, New Mexico, Arizona
GEORGIA (via Thomasville, Georgia)
Deliveries are slow this week and rain accompanied with strong winds swept through most of the state. 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-ninety 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 sending them to 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 46-54% (nut count under 75) sold in a range of about $4.46-5.00 per point, mostly $4.60-4.83. Blends with meat yields of 46% or better (nut count over 75) sold in a range of about $4.34-4.65 per point, mostly $4.50-4.65. (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 Tuesday, December 06, 2011 thru late afternoon Thursday, December 08, 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 50% meat yield or better 240-270 mostly 250, 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 53% meat yield or better 239-264 mostly 240-250, 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 45% meat yield or better 203-245 mostly 212-230, 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 49-52% meat yield 221-245 mostly 226-234
Desirables 50-54% meat yield 240-270 mostly 250 occasional higher
Schley 53-56% meat yield 239-264 mostly 250
Stuart 45-48% meat yield 212-245 occasional higher
Sumner 50-51% meat yield 235-250
THE NEXT GEORGIA REPORT WILL BE ISSUED ON TUESDAY, DECEMBER 13, 2011.
LOUISIANA (via Thomasville, Georgia)
Deliveries were slow this week as growers are deciding whether or not to take prices offered or wait until the market
changes. 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, andfairly light for commercial sheller use. Prices were steady this week from commercial buyers. Trading is good for the giftpack in-shell business.
Weather conditions had rain and then freezing temperatures
show up the last couple of days. That should help with shuck split and harvest of the remaining nuts on the trees.
Prices paid to growers (late afternoon Tuesday, December 06, 2011 thru late afternoon Tuesday, December 08, 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
Desirables yard tree lots of generally good quality 130-175 mostly 160-165
Elliot yard tree lots of generally good quality 125-165 mostly 130-145
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 130-155 occasional higher
Lots in excess of 20,000 pounds including trailer load lots:
Desirables 50-52% meat yield 250
Natives 42% meat yield or better 160
THE NEXT LOUISIANA REPORT WILL BE ISSUED ON TUESDAY, DECEMBER 13, 2011.
TEXAS (via Phoenix, Arizona)
TEXAS (Central, South, Eastern Areas)
Deliveries by growers to delivery points of Improved varieties were fairly light. Demand was fairly good for good quality pecans. Prices paid to growers were higher. Harvesting for the season remained slow as Improved varieties are slow to becoming harvest ready due to the quality of pecans mostly size of nut (meat reported as good), 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 mid-30s to low 40s and high temperatures in the upper 40s to low 60s with a ten to twenty percent chance of precipitation on Friday, December 9 and Saturday, December 10, and a 30 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. There has been interest shown by China for exported pecans.
Prices paid to growers at Texas delivery points or f.o.b. the orchard from noon Tuesday, December 06, 2011 to noon Thursday, December 08, 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 275-300.
Natives (deliveries light) yard tree lots 100; machine picked 140-150.
THE NEXT TEXAS REPORT WILL BE ISSUED ON TUESDAY, DECEMBER 13, 2011.
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