Peanut Stocks: Utilization Up 4%, 5.4 Bln Pounds in Storage

Peanut stocks reported in commercial storage on December 31, 2017 totaled 5.39 billion pounds of equivalent farmer stock, compared with 4.39 billion pounds a year ago. This total includes 4.69 billion pounds of actual farmer stock.

Shelled peanuts on hand totaled 654 million pounds of farmer stock equivalent. Roasting stock totaled 45.7 million pounds.

Shelled peanut stocks totaled 491 million pounds of which 475 million pounds were edible grades and 16.0 million pounds were oil stocks. Edible grade stocks by type included 98.4 million pounds of Virginias and Valencias, 355 million pounds of Runners, and 22.5 million pounds of Spanish.

Millings in December totaled 364 million pounds. Millings by type were 62.5 million pounds of Virginias and Valencias, 300 million pounds of Runners, and 1.34 million pounds of Spanish.

Commercial processors utilized 183 million pounds of shelled edible grade peanuts during December. Utilization by type was 104 million pounds for all peanut butter products, 28.7 million pounds for peanut candy, and 43.8 million pounds for peanut snacks. Crushing for oil and cake and meal totaled 43.9 million pounds during the month.

Deliveries under the Government Domestic Feeding and Child Nutrition Programs amounted to 2.41 million pounds of peanut butter during December.

Stocks estimates refer to December 31, 2017. All other data are for the month of December.

Full report.


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