Pecan Market Situation & Outlook Presented at 2015 Pecan Field Day April 23, 2015 Rob Hogan Associate Professor & Extension Economist Texas A&M AgriLife Extension Uvalde, Texas DEMAND Domestic Utilization - Demand 170,000 160,000 150,000 Thosands pounds 140,000 130,000 120,000 110,000 100,000 90,000 http://ers.usda.gov/ Per Capita Consumption 0.65 0.60 0.55 Pounds 0.50 0.45 0.40 0.35 0.30 http://ers.usda.gov/ SUPPLY Production - Supply 475,000 425,000 375,000 Thousands pounds 325,000 275,000 Improved Native 225,000 All 175,000 125,000 75,000 25,000 http://ers.usda.gov/ PRICES Pecan Prices 285.0 235.0 Cents per pound 185.0 Improved Native Linear (Improved) 135.0 Linear (Native) 85.0 35.0 http://ers.usda.gov/ IMPORT & EXPORT TRADE Imports & Exports 100,000 90,000 80,000 Thousands pounds 70,000 60,000 50,000 Imports 40,000 Exports 30,000 20,000 10,000 0 http://ers.usda.gov/ OTHER SUMMARY Pecan Price Vs. Stocks-Use Ratio 300.0 250.0 Cents per pound 200.0 150.0 100.0 R² = 0.2327 50.0 0.0 0.0% 10.0% 20.0% 30.0% 40.0% Stocks to Use 50.0% 60.0% 70.0% 80.0% Summary Pecans are expected to rank among the top three popular nuts consumed in the U.S. Pecan industry is well-positioned to continue to add production and marketing capacity. Growing Chinese market demand and favorable U.S. food programs have combined to provide the pecan industry with access to expanding new markets. Important in the face of the continuing decrease in per capita U.S. consumption. Thank You — Comments? Questions? Rob Hogan Associate Professor & Extension Economist Uvalde, Texas (830) 278-9151 Ext. 288 RHogan@ag.tamu.edu RGB 170