Peanut stocks: Utilization up 4% and 2.9bln pounds in storage in United States

Published Jun 29, 2021

Tridge summary

As of May 31, 2021, peanut stocks in commercial storage reached 2.89 billion pounds, an increase from 2.74 billion pounds the previous year. The stocks consist of 2.07 billion pounds of actual farmer stock and 780 million pounds of shelled peanuts. Millings in May totaled 415 million pounds, with the majority being Runners. Commercial processors utilized 210 million pounds of shelled edible grade peanuts in May for various products such as peanut butter, candy, and snacks. Deliveries under the Government Domestic Feeding and Child Nutrition Programs amounted to 3.34 million pounds of peanut butter and 25,920 pounds of roasted peanuts. Finally, the stocks of treated seed on hand decreased to 16.3 million pounds from 45.7 million pounds in April.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Peanut stocks reported in commercial storage on May 31, 2021 totaled 2.89 billion pounds of equivalent farmer stock, compared with 2.74 billion pounds a year ago. This total includes 2.07 billion pounds of actual farmer stock. Shelled peanuts on hand totaled 780 million pounds of farmer stock equivalent. Roasting stock totaled 43.4 million pounds. Shelled peanut stocks totaled 587 million pounds of which 558 million pounds were edible grades and 28.7 million pounds were oil stocks. Edible grade stocks by type included 61.8 million pounds of Virginias and Valencias, 454 million pounds of Runners, and 42.2 million pounds of Spanish. Millings in May totaled 415 million pounds. Millings by type were 64.8 million pounds of Virginias and Valencias, 341 million pounds of Runners, and 9.15 million pounds of Spanish. Commercial processors utilized 210 million pounds of shelled edible grade peanuts during May. Utilization by type was 124 million pounds for all peanut butter products, 42.1 ...

Source: Agfax