Audio Recording of Market Report, 2.5.2010
The Federal State market news reported shipments of 698,000 for the week ending 1/23 and 739,000 for last week and reported the market as: DEMAND BALED MODERATE, OTHERS LIGHT. MARKET U.S. TWOS AND BURBANK CARTONS 40-80S SLIGHTLY LOWER, OTHERS ABOUT STEADY. The tone on the conference call this week indicated light demand on all sizes.
70 count carton Burbanks are at $10.00 and 10# Poly is at $6.00 both stable from last week. The FWA this week is at $8.06, down $0.14 from last week on Russet Burbanks,
which translates into an approximate return of $2.15*, stable from last week on a Russet Burbank crop that splits 60% one’s 50% Size? For other area GRIs and additional split scenarios please refer to the email market report you’ll receive Monday. If you fail to receive the report or United doesn’t have your email address, call the office at 208-535-8500. Thank you for your support.
*Note: We have been reporting the GRI based off of the North American Potato Market News in the past. We are now reporting based off of the United GRI chart on the Web site. The main difference between them is the NAPN GRI does not take Freight and Scooping charges into consideration. The United GRI uses an average Freight and Scooping rate of $0.42 per cwt.
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