USDA U.S. Department of Agriculture - March 8, 2019
Peanut Prices
ISSN: 1949-1891
Released March 8, 2019, 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
18.7 cents per pound for the week ending March 2, down 2.0 cents from the
previous week. Marketings of all farmer stock peanuts for the week ending
March 2 totaled 5.42 million pounds, down 68.1 million pounds from the
previous week.
Runner-type peanut prices averaged 18.2 cents per pound for the week ending
March 2, down 2.2 cents from the previous week. Marketings of runner-type
peanuts totaled 5.36 million pounds, down 60.5 million pounds from the
previous week.
Peanut Prices and Marketings by Type - United States: February 2, 2019-March 2, 2019
-----------------------------------------------------------------------------------------
: Week ending
Item and type:--------------------------------------------------------------------------
: February 2, : February 9, : February 16, : February 23, : March 2,
: 2019 : 2019 : 2019 : 2019 : 2019
-----------------------------------------------------------------------------------------
: dollars per pound
:
Average price :
Runner .......: 0.210 0.210 0.187 0.204 0.182
Spanish ......: 0.593 0.211 0.408 0.235 0.579
Valencia .....: (X) (X) (X) (X) (X)
Virginia .....: 0.226 0.227 0.249 (X) (X)
:
All ..........: 0.232 0.215 0.208 0.207 0.187
:
: 1,000 pounds
:
Marketings 1/ :
Runner .......: 263,154 48,681 128,545 65,841 5,356
Spanish ......: 17,216 22 13,013 7,653 66
Valencia .....: - - - - -
Virginia .....: 70,049 18,141 2,158 - -
:
All ..........: 350,419 66,844 143,716 73,494 5,422
-----------------------------------------------------------------------------------------
- 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 nass@nass.usda.gov
Lance Honig, Chief, Crops Branch.............................. (202) 720-2127
Travis Thorson, Head, Field Crops Section..................... (202) 720-2127
David Colwell - Current Agricultural Industrial Reports.. (202) 720-3338
Chris Hawthorn- Corn, Flaxseed, Proso Millet............. (202) 720-9526
James Johanson - County Estimates, Hay................... (202) 690-8533
Jeff Lemmons - Oats, Soybeans............................ (202) 690-3234
Jannety Mosley - Crop Weather, Barley.................... (202) 720-7621
Sammy Neal - Peanuts, Rice............................... (202) 720-7688
Jean Porter - Rye, Wheat................................. (202) 720-8068
Chris Singh - Cotton, Cotton Ginnings, Sorghum................ (202) 720-5944
Travis Thorson - Sunflower, Other Oilseeds............... (202) 720-7369
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USDA NASS Data Users' Meeting
Tuesday, April 23, 2019
University of Chicago - Gleacher Center
450 North Cityfront Plaza Drive
Chicago, IL 60611
312-464-8787
USDA's National Agricultural Statistics Service will hold an open forum for
users of U.S. domestic and international agriculture data. NASS is organizing
the 2019 Data Users' Meeting in cooperation with five other USDA agencies -
Agricultural Marketing Service, Economic Research Service, Farm Service
Agency, Foreign Agricultural Service, and World Agricultural Outlook Board -
and the Census Bureau's Foreign Trade Division. Agency representatives will
provide updates on recent and pending changes in statistical and information
programs important to agriculture, answer questions, and welcome comments and
input from data users.
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Meeting, see the meeting page on the NASS website
(https://www.nass.usda.gov/Education_and_Outreach/Meeting/index.php). Contact
Vernita Murray (NASS) at 202-690-8141 or vernita.murray@nass.usda.gov or
Patricia Snipe (NASS) at 202-720-2248 or patricia.snipe@nass.usda.gov for
information.
The Data Users' Meeting precedes the Industry Outlook Conference at the same
location on Wednesday, April 24, 2019. The outlook meeting brings together
analysts from various commodity sectors to discuss developments and trends.
For registration details or additional information about the Industry Outlook
Conference, see the conference page on the LMIC website
(http://lmic.info/page/meetings). Or contact Laura Lahr at 303-716-9935 or
laura.lahr@lmic.info.
