United States: The utilization of peanut stocks are up by less than 1%; 4.56Bln pounds are still in storage

Peanut stocks reported in commercial storage on February 28, 2022 totaled 4.56 billion pounds of equivalent farmer stock, compared with 4.34 billion pounds a year ago. This total includes 3.79 billion pounds of actual farmer stock. Shelled peanuts on hand totaled 739 million pounds of farmer stock equivalent. Roasting stock totaled 28.8 million pounds. Shelled peanut stocks totaled 556 million pounds of which 526 million pounds were edible grades and 29.9 million pounds were oil stocks. Edible grade stocks by type included 78.0 million pounds of Virginias and Valencias, 412 million pounds of Runners, and 35.2 million pounds of Spanish. Millings in February totaled 536 million pounds. Millings by type were 79.3 million pounds of Virginias and Valencias, 444 million pounds of Runners, and 12.3 million pounds of Spanish. Commercial processors utilized 194 million pounds of shelled edible grade peanuts during February. Utilization by type was 112 million pounds for all peanut butter ...