NEW

PEANUT MARKETING NEWS – June 20, 2019 – Tyron Spearman, Editor (74)
NATIONAL POSTED PRICE SHELLED MKT PRICE MARKET LOAN WEEKLY PRICES
from USDA each Tuesday at 3 PM, USDA - 9 - Mo. loan Average prices (USDA)
Good til Next day at 12:01 am EST. insp. = Inspected Marketing by type
Week- June 18, 2019 Date – June 18, 2019 Farmer stock tons Date – 6-8-2019
$424.49 per ton/Runners Shelled Runners/ 2017 Crop 2018 Crop Runners - $.203 - $406 t
$415.84 per ton/Spanish Jum - $.46, Med- $.45, Date 6-21-2018 6-18-2019 Spanish – $.501 - $1,002 t
$429.80 per ton/Valencia Splits- $.44 Loans 2,734,755 2,339,940 Virginia – $.232 - $464 t
$429.80 per ton/Virginia Redeemed 1,606,914 1,209,603 Average - $.228 - $456 t
Same as last week. 6-22-18 Jum $.49,Med. $.48 In Loan 1,127,859 1,030,337 Runners – 90,635,000 #
Splits $.47 lb. Estimate 3,616,800 2,730,800(F) Virginia.– 3,291,000 #
6-22-17 Med-$.61 Jum $.61 5-21- inspec 3,537,202 2,744,494 t Spanish – 8,264,000 #
2019 U.S. Peanut Acreage Estimate – 1,449,000 acres, 2% increase over 2018 TOTAL - 102,190,000 #
2019 Crop Estimate- 1,391,000 acres harvested X 4,051 lbs. ac = 2,817,470 tons UP 2.5 cts/lb.
2017 Forfeits – 121,684 tons (Barter #1 - 46,390 farmer stock tons for 12,718,080 lbs of peanut butter – 75,258 tons remain)
Barter # 2 – Exchanging farmer stock peanuts for commercial peanut butter. Now being solicited across the peanut nation.
Prices Rece.By Aug. – 2018 Sept – 2018 Oct. - 2018 Nov – 2018 Dec. – 2018 Jan. – 2019 Feb. – 2019 Mar – 2019 Projected
farmers/PLC $.220 $.222 $.221 $.212 $.178 $.222 $.215 $.160 2018 price
payments $ 440 ton $444 ton $442 ton $424 ton $356 ton $444 ton $430 ton $320 ton $426
PRIDE IN A 93% APPROVAL - Peanut producers voted overwhelmingly to continue the Peanut Promotion, Research, and
Information Program, administered by the National Peanut Board (NPB), in a referendum conducted by the U. S. Department of
Agriculture (USDA) from April 15 through May 3, 2019. Ninety-three percent of those who voted said “yes” to continuing NPB’s
research, marketing and promotion program. A majority vote would continue the order.
Dan Ward, farmer chairman from North Carolina said, ““I am very proud of the work we do at the National Peanut Board;
especially in the areas of production research funding, peanut allergy prevention work and our promotion of the great taste and
nutritional benefits of peanuts and peanut butter. The referendum results are an excellent endorsement of the high-quality of work our
Board and staff do together.” Some highlights include: - Peanut per capita consumption is at an all-time high, growing steadily
from seven pounds in 2014 to seven-and-a-half pounds in 2018. - Among Millennials, peanuts have the strongest reputation and are
the preferred nut over other nut choices, according to a 2018 National Peanut Board Brand Tracking Study by The Bantam
Group. - Peanut farmers supported the 2015 LEAP Study, a game-changer showing early introduction of peanut products to infants
helped reduce peanut allergy by 86 percent. This led to the NIAID National Institute of Allergy and Infectious Disease (NIAID)
and American Academy of Pediatrics (AAP) issuing official guidelines for introducing peanut foods to infants to help prevent
peanut allergy. - National Peanut Board has accelerated its peanut allergy prevention outreach, education and involvement to
healthcare professionals and consumers in the last five years. Since 2001, NPB has allocated more than $25 million toward peanut
allergy research and education.
Since its inception, the National Peanut Board has invested a total of $34.5 million toward production research,
contributing to significant yield increases and efficiencies for peanut producers. This total includes NPB’s leverage of just $871,500—
of NPB funds and other industry partners’ funds—to obtain over $2 million in NIFA-matching funds for peanut production research.
FIRST DEADLINE IS JULY 1 – Save $50 and register for the July 18-20, 2019 – Southern Peanut Growers Convention at
Edgewater Beach and Golf Resort, Panama City Beach, Florida. For registration, see www.southernpeanutfarmers.org. Rooms
are sold out at the Edgewater, so look for another hotel or call a friend. The Conference is an educational program of the peanut
grower associations in Alabama, Florida and Mississippi and the Georgia Peanut Commission. Still need to register.
NATIONAL PEANUT BOARD TO MEET ON FY 20 PROGRAM OF WORK - The National Peanut Board will set strategic
direction for the FY-20 program of work and budget at its next quarterly board meeting July 17 and 18, 2019, at Edgewater Beach
Resort, at Panama City Beach, Fla. The meeting is scheduled ahead of the 21th Annual Southern Peanut Growers Conference July 18-
20 at the same location. Earlier this year, the National Peanut Board commissioned Harry M. Kaiser, Ph.D., the Gellert Family
Professor and Associate Dean for Affairs at the Charles H. Dyson School of Applied Economics and Management at Cornell
University to study the effectiveness of the Board’s marketing and research programs on increasing the demand and supply of peanuts.
Dr. Kaiser will share the results of the study at the July Board meeting. National Peanut Board’s FY-20 begins Nov. 1, 2019 and ends
Oct. 31, 2020.