Cr Pr 4-1 (9-07) Peanut Prices National Agricultural Statistics Service USDA Washington, D.C. Released September 7, 2007, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Peanut Prices" call Shiela Corley at (202) 720-5944, office hours 7:30 a.m. to 4:00 p.m. ET. Peanut Price Highlights Peanut prices received by farmers for all farmer stock peanuts averaged 17.6 cents per pound for the week ending September 1. The price per pound decreased 1.2 cents from the previous week. Marketings of all farmer stock peanuts for the week ending September 1 totaled 114 million pounds, up 68.1 million pounds from the previous week. The average price of Runner type peanuts was 17.4 cents per pound for the week ending September 1, down 0.8 cent from the previous week. Marketings of Runner type peanuts were 91.7 million pounds, up 62.1 million pounds from the previous week. Peanuts: Prices and Marketings by Type and Week, United States ------------------------------------------------------------------------------- Item : Week Ending and :--------------------------------------------------------------- Type : Sep 1, : Aug 25, : Aug 18, : Aug 11, : Aug 4, : 2007 : 2007 : 2007 : 2007 : 2007 ------------------------------------------------------------------------------- : Dollars per Pound : Average Price : : Runners : 0.174 0.182 0.179 0.185 0.176 Spanish : * * * Valencias : * * * * Virginias : 0.187 0.197 0.212 * 0.186 : All : 0.176 0.188 0.184 0.187 0.176 : : 1,000 Pounds : Marketings 1/ : : Runners : 91,715 29,640 29,264 36,254 156,081 Spanish : * * * 0 0 Valencias : * * * * 0 Virginias : 20,001 15,585 6,050 * 10,999 : All : 113,647 45,500 35,903 39,255 167,080 ------------------------------------------------------------------------------- * Not published to avoid disclosing individual operations. 1/ Quantity purchased from farmers. 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 is to include all qualities and grades and excludes 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. Summary and Estimation 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. Revisions: Price and marketing estimates for the prior 3 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. ACCESS TO REPORTS!! 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