Cr Pr 4-1 (12-06) Peanut Prices National Agricultural Statistics Service USDA Washington, D.C. Released December 8, 2006, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Peanut Prices" call Dennis Koong at (202) 720-7688, 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 $0.165 per pound for the week ending December 2. The price per pound decreased $0.035 from the previous week. Marketings of all farmer stock peanuts for the week ending December 2 totaled 26.5 million pounds, down 1.16 million pounds from the previous week. The average price of Runner type peanuts was $0.148 per pound for the week ending December 2, down $0.023 from the previous week. Marketings of Runner type peanuts were 9.76 million pounds, down 2.96 million pounds from the previous week. Peanut Prices by Type, United States ------------------------------------------------------------------------------- Item : Week Ending and :--------------------------------------------------------------- Type : Dec 2, : Nov 25, : Nov 18, : Nov 11, : Nov 4, : 2006 : 2006 : 2006 : 2006 : 2006 ------------------------------------------------------------------------------- : Dollars per Pound : Average Price : : Runners : 0.148 0.171 0.171 0.167 0.171 Spanish : * * * * * Valencias : * * * * * Virginias : 0.176 0.201 0.177 0.190 0.187 : All : 0.165 0.200 0.172 0.178 0.173 : : 1,000 Pounds : Marketings 1/ : : Runners : 9,763 12,726 56,596 23,507 21,710 Spanish : * * * * * Valencias : * * * * * Virginias : 15,105 12,047 11,515 19,156 2,755 : All : 26,475 27,639 77,292 44,874 30,605 ------------------------------------------------------------------------------- * 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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