Tuesday, October 23, 2012
miss-pecans

Pecan Prices Low To Moderate: Reports From Georgia, Louisiana, Texas

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GEORGIA (via Thomasville, Georgia): The beginning of the week of October 23 had daytime temperatures in the mid 80s and evenings in the mid 50s. Offerings were fairly light and demand is moderate. Buying interest is moderate for commercial sheller use as shellers continue to utilize inventories on hand. Buying interest from end users for in-shell gift-pack retail use is fairly active as users are looking to buy high quality pecans and are preparing for the upcoming holiday season.

Some lots of Improved Varieties that were sold during this period include Desirable, Schley, Stuart and a few Cape Fear, Moneymaker, and Blends.

Some of the lots had some moisture and early sprouting issues with some discoloration.

Overall quality and condition of recent lots are reported to be better than the earlier deliveries. Prices are about steady for export quality pecans and slightly lower for generally good quality lots. Yard tree prices are about steady. Unless otherwise stated, lots reported are of generally good quality and some reported as export quality.

Prices paid to growers (late afternoon Thursday, October 18, 2012, through late afternoon Tuesday, October 23, 2012) 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 pecans in lots of 20,000 pounds or less unless otherwise stated.

  • Cape Fear yard tree lots of generally good quality 100
  • Desirable export quality 51% meat yield or better 240-250, generally good quality 52% meat yield or better 170-210 mostly 190-200, yard tree lots of generally good quality 100-125 occasional high as 150
  • Elliot yard tree lots of generally good quality 115-125
  • Moneymaker export quality 42-46% meat yield 125-145, yard tree lots of generally good quality 50-60 few higher
  • Seedling yard tree lots of generally good quality 50-60 occasional high as 70
  • Schley export quality 55-58% meat yield 195-203, generally good quality 55% meat yield or better 165-185, yard tree lots of generally good quality 125 occasional higher
  • Stuart export quality 45-48% meat yield 190-195, 45% meat yield 150 occasional higher, yard tree lots of generally good quality 100-125 occasional lower

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

  • Cape Fear deliveries insufficient to establish market
  • Desirable export quality 50% meat yield or better 250-260
  • Elliot deliveries insufficient to establish market
  • Moneymaker export quality 43-46% meat yield 125-145
  • Schley export quality 55-58% meat yield or better 197-226, generally good quality 55% meaty yield or better 165-185
  • Stuart export quality 45-48.5% 190-220, generally good quality 46-48% meat yield 190-195 occasional higher

THE NEXT GEORGIA REPORT IS EXPECTED TO BE ISSUED ON THURSDAY, OCTOBER 25, 2012.

LOUISIANA (via Thomasville, Georgia): Very light deliveries were offered with the majority from yard tree offerings. Most growers expect to have pecans ready for the market in the next week or two, depending upon demand and weather conditions. Most early harvest of the Candy and Elliot varieties are slated for in-shell gift-pack retail use.

Prices paid to growers (late afternoon Thursday, October 18, 2012, through late afternoon Tuesday, October 23, 2012) 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 pecans in lots of 20,000 pounds or less unless otherwise stated.

  • Elliot deliveries insufficient to establish market
  • Candy deliveries insufficient to establish market
  • Native/Seedlings yard tree lots of generally good quality 35-50

THE NEXT LOUISIANA REPORT IS EXPECTED TO BE ISSUED ON THURSDAY, OCTOBER 25, 2012.

TEXAS (Central, South, Eastern Areas): Deliveries by growers to delivery points of Improved varieties were fairly light. Prices were lower. Demand was fairly good for good quality pecans.

Harvesting is currently going on in the southern and central Texas areas. Pawnee, Wichita, Cheyenne, Nacono and Stuart are currently being harvested, as well as some Natives.

Quality this past week has been quite variable, as early harvesting has produced a number of nuts with high moisture levels; as well as signs of sprouting and stressed nuts.

The weather forecast for the balance of the week calls for low temperatures in the low 40s to upper 60s, and highs in the upper 50s to upper 80s. A 10 to 20 percent chance of precipitation is expected every day later in the week, with as high as a thirty percent chance on Friday, October 26.

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 light for in-shell and gift pack uses.

Prices paid to growers (late afternoon Thursday, October 18, 2012, through late afternoon Tuesday, October 23, 2012) 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 pecans in lots of 20,000 pounds or less unless otherwise stated.

  • Pawnee 56-60% meat yield 175-300, mostly 195-240.
  • Cheyenne (deliveries light) 55-56% meat yield 175-225, mostly 195-225.
  • Wichita (deliveries light) 58% meat yield 175-225, mostly 200-225.
  • Nacono (deliveries light) 55-56% meat yield 280-300 mostly 290, yard tree lots of generally good quality 195-225.
  • Stuart (deliveries light) 55-56% meat yield 200.
  • Natives (deliveries light) yard tree lots 40-55 mostly 50 occasional high as 70.

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5 Responses to Pecan Prices Low To Moderate: Reports From Georgia, Louisiana, Texas

  1. Edmond Lanclos says:

    The price for pecans starting out in Louisiana was $.35 per pound. It is now $.50 per pound. Why is the price so low when it was forecast to be between $1.00 and $2.00 per pound?
    We do not feel that we are getting a fair price.

    • Owen Taylor says:

      I can’t say. It is odd that the USDA keeps saying, at least in Georgia, that shellers are still working down supplies, implying pecans from 2011.

      One interesting thing is that the almond crop was relatively off this year, and some people say that if almond prices go up that pecans tend to do the same in sympathy.

      Here’s a link to our first almond harvest survey report for 2012, if you’re curious.

      http://agfax.com/almonds/2012/reports/1029.htm

      = Owen Taylor, Editor, AgFax Media LLC

  2. Edmond Lanclos says:

    The price for pecans starting out in Louisiana was $.35 per pound. It is now $.50 per pound. Why is the price so low when it was forecast to be between $1.00 and $2.00 per pound?

    • Owen Taylor says:

      I can’t say. It is odd that the USDA keeps saying, at least in Georgia, that shellers are still working down supplies, implying pecans from 2011.

      One interesting thing is that the almond crop was relatively off this year, and some people say that if almond prices go up that pecans tend to do the same in sympathy.

      Here’s a link to our first almond harvest survey report for 2012, if you’re curious.

      http://agfax.com/almonds/2012/reports/1029.htm

  3. cliffford25624 says:

    It is now Jan., 2013, and I keep hearing how pecans are in high demand and at an all-time high of over $2/lb.

    If so, why are the big shellers paying us only .50cents/lb.?
    I cannot recover my costs of harvesting at that price, so I choose to leave them on the ground rather than lose money.

    If the shellers are making the higher dollars, why are they ripping us off?

    If demand is so high, why is the price so low?
    There is NO incentive to bring my harvest to market.

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