Friday, August 16, 2013

THE PRICE AT AUCTION CONTINUES TO RISE

Prices were higher for flue-cured leaf sold at auction this week (August 12 through 16), and there seems good reason to think prices across the board will continue to increase. Among the individual houses:
  • The Old Belt Tobacco auction held its first sale on Tuesday, said owner Dennis White, and the results were good. "We sold 160,000 pounds at an average price of a little over $1.92 a pound," he said. "We sold a little for $2.18. X1s brought 2.05 and up, X2s $1.90 to $1.92, and X3 around $1.80. We had very little tobacco that graded less than a 3." He expects to sell every Tuesday till the season ends. The house is located at 1395 Old Belt Way, Rural Hall, N.C. You can reach Dennis White at 336-416-6262.
  • The Big M Tobacco Warehouse held its second sale Wednesday and sold 150,000 pounds, said owner Mann Mullen. He didn't have a firm average price when we talked but estimated it at $2, with a top of $2.18. "Heavy cutters brought $2.15. Lugs sold for $2.01 to $2.02. There were 70,000 pounds of pickouts. Big M will auction every Wednesday till the end of the season. The house is located at 1723 Goldsboro St., Wilson, N.C. For more information, call Mann Mullen at 919-496-9033 or Greg Ray at 252-799-6061.
  • The American Tobacco Exchange held a sale on Wednesday. About 200,000 pounds was sold, said Randy Brandon. There were a few sales at $2.20. Xs generally brought $2, and pickouts brought $1 a pound or less. This auction is a silent auction, and farmers don't attend the sale itself. The sales will continue every Wednesday afternoon. Deliveries can be made as late as mid morning Wednesday. The house located at 1300 Tobacco Rd., Wilson, N.C. For more information, call Brandon at 252-343-1661.
  • Carolinas Tobacco Auctions of Lake City, S.C., held a sale on Wednesday and sold 200,000 pounds. Jimmy Lynch, one of the owners, didn't have an average price for the floor when I talked to him. But he said rags appeared to average $.73 a pound and the best quality grades averaged around $2.12 a pound. The very best price at the sale was $2.25 for some very high quality cutters. The next sale will be at 10 a.m. Wednesday. The house is located at 662 So. Ron McNair Blvd., Lake City, S.C.  For more information, call Lynch at 843-687-5753.
How much tobacco will we produce? 
Don't ask USDA. It issued its production projections report for August on Monday. They appear below with my calculation of how they compare to last year. But I report all this somewhat reluctantly because I continue to think that the USDA this year is not just off but way off in its estimates. My sources in South Carolina say that acreage is not way down, as USDA projects, but in fact is up, perhaps as much as 10 percent. I am reliably informed that plantings in Georgia are not up 5,000 acres as USDA projects but more likely are close to last year's level. And now, USDA has estimated that Virginia flue-cured production is up nine percent and burley production is down 35 percent. I have been told by sources in Virginia that neither projection is credible. For the next issue of Tobacco Farmer Newsletter (to be transmitted close to Labor Day), I will survey my most reliable sources and see if I can render some order on this question.

FLUE-CURED
  • NC--340 million pounds, down 10%. 
  • GA--30 million pounds, up 33%. 
  • VA--52.9 million pounds, up 9.2%.
  • SC--17.1 million pounds, down 32%. 
  • All US--440 million pounds, down 7%
BURLEY 
  • KY--148.2 million pounds, down 2%. 
  • TN--21.8 million pounds, down 24%. 
  • PA--12.7 million pounds, up 10.7%. 
  • OH--4.5 million pounds, up 12.7%.
  • NC--3.3 million pounds, down 16.4%.
  • VA--3 million pounds, down 35.2%.
  • All US--194 million pounds, down 5%.
OTHER TYPES
  • Fire-cured--61.5 million pounds, up 14.4%. 
  • Dark air-cured--14.2 million pounds, down 6.8%. 
  • Cigar types--9 million pounds, down 2%.
  • Southern Maryland--4.7 million pounds, down 29.5%.
Flue-cured in NC
  • No supplemental fertilizer 
  • meant a very spindly plant 
  • this season. 
  • This flue-cured tobacco 
  • near Sanford NC 
  • got the same heavy 
  • rains as most 
  • N.C. fields, but the farmer 
  • elected not to apply supplemental nitrogen.




ADVERTISING

 A MESSAGE TO TOBACCO GROWERS
Do you still need curing space? World Tobacco Inc. can help!
  
A limited number of just-built curing barns are complete and ready for immediate delivery from World Tobacco Inc. of Wilson, N.C. They will be sold on a first-come first-served basis. If you are interested, call Billy Price at 252.230.1032 or wlpricejr@myglnc.com.

And why would you want a World Tobacco Inc. barn? In the current tobacco economy, there is no better way to increase profits than through higher efficiency. That's why more producers around the world turn to World Tobacco, Inc. They know they can rely on our "Energy" tobacco barns to save on labor costs, reduce energy consumption and cure tobacco to world-class standards. Our barns are built to the highest standards: They use only the finest quality materials with all painted stainless steel construction and 2" tongue and groove, and air tight and water tight Coldmatic panels designed to withstand thermal rippling. Our "Energy" barns deliver consistent, positive air flow along with desired humidities and temperatures.So, even in humid or difficult conditions, and regardless of stalk positions, your tobacco quality is maximized every time. Our bins are the ideal size for curing consistency. 

The Evans MacTavish Agricraft heat exchanger is theWorker lays tobacco by near Oxford NC most widely used heat exchanger on the bulk tobacco barn market. It has been proven to be the most efficient. It is designed to fit all the popular barns. The exchanger is made of 304 stainless steel, all welded construction. The frame is tube steel with insulated panels.

So call soon at the number below, and you still may be able to save money on this year's crop with a high-efficiency bulk-curing barn.
  
WORLD TOBACCO INC.  2605 Nash Street, Wilson, N.C. 27896.  ● PH: 252-230-1032 ● website: www.worldtob.com ● email: info@worldtob.com  


X-Creek ad
Old Belt Tobacco Sales: Welcome to our old style auction




BIG M TOBACCO WAREHOUSE
 1723 Goldsboro St. SW, Wilson, N.C., 
in the old Liberty Warehouse


  

We will hold both sealed bid auctions 
and live auctions. 



 We promise

HONEST AND TRUSTWORTHY 
SERVICE

  


For more information, contact:
--Mann Mullen at 919-496-9033 
--Greg Ray at  252-799-6061  or
--the warehouse at 252-206-1447. 

Long ad 8-16-13





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