Peanut Prices

0
298
ISSN: 1949-1891

Released March 27, 2015, by the National Agricultural Statistics Service 
(NASS), Agricultural Statistics Board, United States Department of 
Agriculture (USDA).

Peanut Price Highlights

Peanut prices received by farmers for all farmer stock peanuts averaged 
24.5 cents per pound for the week ending March 21, up 2.5 cents from the 
previous week. Marketings of all farmer stock peanuts for the week ending 
March 21 totaled 97.1 million pounds, down 15.7 million pounds from the 
previous week.

Runner-type peanut prices averaged 21.5 cents per pound for the week ending 
March 21, up 0.1 cent from the previous week. Marketings of runner-type 
peanuts were 63.5 million pounds, down 36.5 million pounds from the previous 
week.

Peanut Prices and Marketings by Type - United States: February 21, 2015-March 21, 2015
-----------------------------------------------------------------------------------------
              :                               Week ending                                
 Item and type:--------------------------------------------------------------------------
              : February 21, : February 28, :   March 7,   :  March 14,   :  March 21,   
              :     2015     :     2015     :     2015     :     2015     :     2015     
-----------------------------------------------------------------------------------------
              :                            dollars per pound                             
              :                                                                          
Average price :                                                                          
Runner .......:     0.206          0.217          0.215          0.214          0.215    
Spanish ......:     0.300            (X)            (X)            (X)            (X)    
Valencia .....:       (X)            (X)            (X)            (X)            (X)    
Virginia .....:     0.262            (X)          0.269          0.268          0.302    
              :                                                                          
All ..........:     0.214          0.217          0.219          0.220          0.245    
              :                                                                          
              :                               1,000 pounds                               
              :                                                                          
Marketings 1/ :                                                                          
Runner .......:    75,026        103,776         82,535         99,957         63,463    
Spanish ......:     4,321              -              -              -              -    
Valencia .....:         -              -              -              -              -    
Virginia .....:     4,846              -          6,632         12,833         33,649    
              :                                                                          
All ..........:    84,193        103,776         89,167        112,790         97,112    
-----------------------------------------------------------------------------------------
-   Represents zero.                                                                     
(X) Not applicable.                                                                      
1/  Quantity purchased from farmers.                                                     

Statistical Methodology

Survey procedures: Price and marketing information included in this report is 
provided the beginning of each week by first buyers of farmer stock peanuts. 
Each week, respondents are asked to report total pounds purchased 
(marketings) from farmers and total dollars paid, by type (Runners, Spanish, 
Valencias, and Virginias), for the previous week. The reported data are to 
include all qualities and grades and exclude peanuts used for seed. Data are 
collected by telephone, fax, and internet each week for the previous week. 
The peanut price survey is an enumeration of all known first buyers of farmer 
stock peanuts from growers. Every effort is made to obtain a report from all 
buyers.

Estimating procedures: Since a complete report is not received from all 
buyers each week, the reported quantities purchased and total dollars paid 
for each type are expanded to account for non-response. These expanded data 
are then used to calculate the weighted average price for each type. 
Estimates of price and marketings are prepared by the Agricultural Statistics 
Board and reviewed for reasonableness with recent historic estimates and 
between the different peanut types.

Revision policy: Price and marketing estimates for the prior three weeks are 
subject to revision based on late reports. At the end of the marketing year, 
all buyers will have an opportunity to update or provide any late data for 
any week during the marketing year. After this data is incorporated with 
previously reported data, revised weekly estimates will be published for the 
entire marketing year.

Reliability: The peanut price survey is subject to non-sampling errors such 
as omission, duplication, imputation for missing data, and mistakes in 
reporting, recording, and processing the data. These errors cannot be 
measured directly, but are minimized through rigid quality controls in the 
data collection process and a careful review of all reported data for 
consistency and reasonableness.

Information Contacts

Listed below are the commodity statisticians in the Crops Branch of the 
National Agricultural Statistics Service to contact for additional 
information. E-mail inquiries may be sent to [email protected]

Lance Honig, Chief, Crops Branch........................... (202) 720-2127

Anthony Prillaman, Head, Field Crops Section............... (202) 720-2127
     Angie Considine - Cotton, Cotton Ginnings, Sorghum.... (202) 720-5944
     Tony Dahlman - Crop Weather, Barley................... (202) 720-7621
     Chris Hawthorn - Corn, Flaxseed, Proso Millet......... (202) 720-9526
     James Johanson - County Estimates, Hay................ (202) 690-8533
     Anthony Prillaman - Oats, Rye, Wheat.................. (202) 720-2127
     Bianca Pruneda - Peanuts, Rice........................ (202) 720-7688
     Travis Thorson - Soybeans, Sunflower, Other Oilseeds.. (202) 720-7369

Access to NASS Reports

For your convenience, you may access NASS reports and products the following 
ways:

 	All reports are available electronically, at no cost, on the NASS web 
site: http://www.nass.usda.gov

 	Both national and state specific reports are available via a free e-
mail subscription. To set-up this free subscription, visit 
http://www.nass.usda.gov and in the "Follow NASS" box under "Receive 
reports by Email," click on "National" or "State" to select the reports 
you would like to receive. 

For more information on NASS surveys and reports, call the NASS Agricultural 
Statistics Hotline at (800) 727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: 
[email protected] 
  
The U.S. Department of Agriculture (USDA) prohibits discrimination against 
its customers, employees, and applicants for employment on the basis of race, 
color, national origin, age, disability, sex, gender identity, religion, 
reprisal, and where applicable, political beliefs, marital status, familial 
or parental status, sexual orientation, or all or part of an individual's 
income is derived from any public assistance program, or protected genetic 
information in employment or in any program or activity conducted or funded 
by the Department. (Not all prohibited bases will apply to all programs 
and/or employment activities.) 
If you wish to file a Civil Rights program complaint of discrimination, 
complete the USDA Program Discrimination Complaint Form (PDF), found online 
at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA 
office, or call (866) 632-9992 to request the form. You may also write a 
letter containing all of the information requested in the form. Send your 
completed complaint form or letter to us by mail at U.S. Department of 
Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, 
S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at 
[email protected] 

LEAVE A REPLY

Please enter your comment!
Please enter your name here