Cr Pr 4-1 (10-06)
Peanut Prices
National Agricultural Statistics Service
USDA
Washington, D.C.
Released October 20, 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 $0.174 per pound for the week ending October 14. The
price per pound increased $0.005 from the previous week.
Marketings of all farmer stock peanuts for the week ending October
14 totaled 26.2 million pounds, up 8.20 million pounds from the
previous week.
The average price of Runner type peanuts was $0.169 per pound for
the week ending October 14, unchanged from the previous week.
Marketings of Runner type peanuts were 22.6 million pounds up
4.78 million pounds from the previous week.
Peanut Prices by Type, United States
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Item : Week Ending
and :---------------------------------------------------------------
Type : Oct 14, : Oct 7, : Sep 30, : Sep 23, : Sep 16,
: 2006 : 2006 : 2006 : 2006 : 2006
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: Dollars per Pound
:
Average Price :
:
Runners : 0.169 0.169 0.177 0.172 0.172
Spanish : * * 0.168 0.169
Valencias : * * * *
Virginias : * 0.192 0.210 * 0.191
:
All : 0.174 0.169 0.177 0.175 0.172
:
: 1,000 Pounds
:
Marketings 1/ :
:
Runners : 22,585 17,801 4,042 35,637 125,271
Spanish : 0 * * 3,578 4,094
Valencias : * * * * 0
Virginias : * 158 597 * 956
:
All : 26,230 18,031 8,018 43,934 130,321
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* 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.
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