US: Peanut stocks utilization up 4%, 3.3 billion pounds in storage

Published May 27, 2021

Tridge summary

As of April 30, 2021, peanut stocks in commercial storage reached 3.33 billion pounds, an increase from 3.21 billion pounds the previous year. The stocks consist of 2.52 billion pounds of actual farmer stock and 773 million pounds of shelled peanuts. Edible grade stocks made up 581 million pounds, with 554 million pounds being edible and 27.6 million pounds being oil. In April, millings totaled 465 million pounds, with utilization of shelled edible grade peanuts reaching 211 million pounds. Deliveries for the Government Domestic Feeding and Child Nutrition Programs amounted to 1.21 million pounds of peanut butter and 77,760 pounds of roasted peanuts. Finally, treated seed stocks increased to 45.4 million pounds from 37.7 million pounds in March, with 38.3 million pounds being Runners.

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

Original content

Peanut stocks reported in commercial storage on April 30, 2021 totaled 3.33 billion pounds of equivalent farmer stock, compared with 3.21 billion pounds a year ago. This total includes 2.52 billion pounds of actual farmer stock. Shelled peanuts on hand totaled 773 million pounds of farmer stock equivalent. Roasting stock totaled 35.4 million pounds. Shelled peanut stocks totaled 581 million pounds of which 554 million pounds were edible grades and 27.6 million pounds were oil stocks. Edible grade stocks by type included 64.6 million pounds of Virginias and Valencias, 447 million pounds of Runners, and 42.6 million pounds of Spanish. Millings in April totaled 465 million pounds. Millings by type were 63.6 million pounds of Virginias and Valencias, 393 million pounds of Runners, and 7.43 million pounds of Spanish. Commercial processors utilized 211 million pounds of shelled edible grade peanuts during April. Utilization by type was 125 million pounds for all peanut butter products, ...

Source: Agfax