USDA Peanut Stocks: Utilization Up 4%, Stocks Total 2.19B Pounds
Peanut stocks reported in commercial storage on September 30, 2013 totaled 2.19 billion pounds of equivalent farmer stock, compared with 1.62 billion pounds a year ago. This total includes 1.30 billion pounds of actual farmer stock.
Shelled peanuts on hand totaled 834 million pounds of farmer stock equivalent. Roasting stock totaled 62.0 million pounds.
Shelled peanut stocks totaled 627 million pounds of which 590 million pounds were edible grades and 37.3 million pounds were oil stocks. Edible grade stocks by type included 92.3 million pounds of Virginias and Valencias, 483 million pounds of Runners, and 14.4 million pounds of Spanish.
Millings in September totaled 438 million pounds. Millings by type were 54.2 million pounds of Virginias and Valencias, 381 million pounds of Runners, and 2.21 million pounds of Spanish.
Commercial processors utilized 174 million pounds of shelled edible grade peanuts during September. Utilization by type was 92.5 million pounds for all peanut butter products, 38.0 million pounds for peanut candy, and 41.2 million pounds for peanut snacks. Crushing for oil and cake and meal totaled 47.2 million pounds during the month.
Deliveries under the Government Domestic Feeding and Child Nutrition Programs amounted to 1.75 million pounds of peanut butter and 25,920 pounds of roasted peanuts during September.
Stocks of treated seed on hand September 30, 2013 totaled 1,707,000 pounds, compared with 1,706,000 pounds on August 31, 2013. Of the September total, 283,000 pounds were Virginias and Valencias. August stocks of treated seed included 356,000 pounds of Virginias and Valencias.
Stocks estimates refer to September 30, 2013. All other data are for the month of September.
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,