SPRINGFIELD - May 13/02 - SNS -- The USDA released its latest weekly national report covering the sugarcane molasses market in that country. The report covers both cane blackstrap and feed grade merchandise
National Molasses Report Prices for sugarcane molasses were steady to 5.00 lower. Domestic supplies were moderate to heavy. Demand was light. Large supplies of imported molasses and abundant supplies of competitive feedstuffs pressured the domestic molasses market. Cattle producers are grazing their cattle longer before sending them to the feedlots due to lower cattle prices and this has led to decreased supplement and feed usage. Feed Molasses (minimum 79.5 brix, 43% sugars, except where noted) wholesale prices, tank car or truck, fob terminal, prompt delivery, dollars/ton, 1/ Type and Market Area As of Noon: Last Week Last Year 05/13/2002 05/06/2002 05/14/01 Cane Blackstrap New Orleans 60.00-70.00 65.00-70.00 60.00-67.50 mostly 65.00 mostly 67.50 Houston 70.00 70.00 72.50 South Florida 77.50 77.50 77.50 Savannah (46% Sugars) 87.50 87.50 80.00 Baltimore/Philadelphia 90.00 90.00 87.50-92.50 Upper Mississippi River Distribution Points* 80.00-85.00 85.00 80.00-87.50 Los Angeles (48% Sugars) 87.50 87.50 87.50-95.00 Stockton (48% Sugars) 87.50 87.50 87.50-95.00 1/ Per ton prices are based on 171 gallons for blackstrap molasses. To compute cents per gallon prices on cane molasses divide dollars per ton by 171 gallons ($ per ton divided by 171 gallons = cents per gallon). Ton- 2,000 lbs; Gallon= U.S. gallon. **Prices represent sales fob terminal to the general feed trade in the respective areas but do not necessarily reflect sales to other trade areas.** * Includes the major Upper Mississippi river tributaries with the exception of the Missouri River. Source: USDA-IL Dept of Ag Market News Springfield, IL 217-782-4925
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