Cr Pr 4-1 (8-08) Peanut Prices National Agricultural Statistics Service USDA Washington, D.C. Released August 29, 2008, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Peanut Prices" call Anthony Prillaman 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 18.0 cents per pound for the week ending August 23. The price per pound decreased 3.3 cents from the previous week. Marketings of all farmer stock peanuts for the week ending August 23 totaled 38.0 million pounds, up 28.2 million pounds from the previous week. The average price of Runner type peanuts was 17.1 cents per pound for the week ending August 23. Marketings of Runner type peanuts were 25.3 million pounds. Peanuts: Prices and Marketings by Type and Week, United States ------------------------------------------------------------------------------- Item : Week Ending and :--------------------------------------------------------------- Type : Aug 23, : Aug 16, : Aug 9, : Aug 2, : Jul 26, : 2008 : 2008 : 2008 : 2008 : 2008 ------------------------------------------------------------------------------- : Dollars per Pound : Average Price : : Runners : 0.171 * 0.183 0.250 0.226 Spanish : * * * * Valencias : * * * Virginias : 0.198 0.202 0.206 0.240 0.212 : All : 0.180 0.213 0.188 0.244 0.219 : : 1,000 Pounds : Marketings 1/ : : Runners : 25,333 * 40,594 26,379 24,940 Spanish : 0 * * * * Valencias : 0 0 * * * Virginias : 12,627 2,804 11,311 11,512 19,525 : All : 37,960 9,718 54,418 39,341 45,598 ------------------------------------------------------------------------------- * Not published to avoid disclosing individual operations. 1/ Quantity purchased from farmers. 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Peanuts: Prices and Marketings by Type and Week, United States, Marketing Year 2007 -------------------------------------------------------------------------------- : Average Price :----------------------------------------------------------- Week Ending : Runners : Spanish : Valencias : Virginias : All -------------------------------------------------------------------------------- : Dollars per Pound : August 4, 2007 : 0.176 0.186 0.177 August 11, 2007 : 0.185 * * 0.187 August 18, 2007 : 0.179 * * 0.212 0.184 August 25, 2007 : 0.182 * * 0.197 0.188 : September 1, 2007 : 0.174 * * 0.187 0.176 September 8, 2007 : 0.184 * * 0.184 September 15, 2007 : 0.176 * * 0.206 September 22, 2007 : 0.175 * * 0.176 September 29, 2007 : 0.187 * * 0.222 0.193 : October 6, 2007 : 0.191 * * 0.227 0.204 October 13, 2007 : 0.198 * * 0.228 0.210 October 20, 2007 : 0.208 * * 0.231 0.215 October 27, 2007 : 0.221 * * 0.233 0.225 : November 3, 2007 : 0.218 * * 0.228 0.216 November 10, 2007 : 0.221 * * 0.237 0.225 November 17, 2007 : 0.210 * * 0.219 0.210 November 24, 2007 : 0.217 * * 0.235 0.217 : December 1, 2007 : 0.215 * * 0.229 0.218 December 8, 2007 : 0.212 * * 0.226 0.213 December 15, 2007 : 0.203 * * 0.231 0.209 December 22, 2007 : 0.214 * * 0.223 0.214 December 29, 2007 : 0.256 0.304 * * 0.243 : January 5, 2008 : 0.201 0.173 0.307 0.246 0.216 January 12, 2008 : 0.220 * * 0.240 0.224 January 19, 2008 : 0.210 * * 0.241 0.214 January 26, 2008 : 0.225 * * 0.216 0.220 : February 2, 2008 : 0.203 * * 0.238 0.208 February 9, 2008 : 0.204 * * 0.236 0.211 February 16, 2008 : 0.206 * * 0.237 0.213 February 23, 2008 : 0.235 * * 0.235 0.236 : March 1, 2008 : 0.212 * * 0.213 0.209 March 8, 2008 : 0.214 * * 0.240 0.216 March 15, 2008 : 0.208 0.250 * * 0.210 March 22, 2008 : 0.201 * * 0.237 0.207 March 29, 2008 : 0.204 * * 0.238 0.213 : April 5, 2008 : 0.190 * * 0.232 0.195 April 12, 2008 : 0.227 0.176 0.217 April 19, 2008 : 0.195 * * 0.181 0.195 April 26, 2008 : 0.207 * * 0.219 0.208 : May 3, 2008 : 0.191 0.279 * * 0.200 May 10, 2008 : 0.194 * * 0.194 0.196 May 17, 2008 : 0.203 * * 0.227 0.206 May 24, 2008 : 0.225 0.184 0.212 May 31, 2008 : 0.202 * * 0.239 0.206 : June 7, 2008 : 0.213 * * 0.172 0.205 June 14, 2008 : 0.195 * * 0.206 0.198 June 21, 2008 : 0.196 * * 0.212 0.196 June 28, 2008 : 0.202 * * 0.227 0.208 : July 5, 2008 : 0.196 * * 0.212 0.198 July 12, 2008 : 0.197 * * 0.199 0.198 July 19, 2008 : 0.202 0.253 * * 0.207 July 26, 2008 : 0.226 * * 0.212 0.219 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Peanuts: Prices and Marketings by Type and Week, United States, Marketing Year 2007 (continued) -------------------------------------------------------------------------------- : Marketings 1/ :----------------------------------------------------------- Week Ending : Runners : Spanish : Valencias : Virginias : All -------------------------------------------------------------------------------- : 1,000 Pounds : August 4, 2007 : 164,314 0 0 10,915 175,229 August 11, 2007 : 38,327 0 * * 41,328 August 18, 2007 : 30,638 * * 6,050 37,277 August 25, 2007 : 31,305 * * 15,585 47,165 : September 1, 2007 : 96,087 * * 19,795 117,813 September 8, 2007 : 21,897 0 * * 21,962 September 15, 2007 : 20,046 * 0 * 39,417 September 22, 2007 : 60,433 0 * * 63,080 September 29, 2007 : 33,997 * * 6,226 42,550 : October 6, 2007 : 50,147 * * 26,398 80,471 October 13, 2007 : 61,150 * * 38,009 101,352 October 20, 2007 : 86,127 * * 45,530 139,714 October 27, 2007 : 78,784 * * 34,135 116,324 : November 3, 2007 : 98,281 * * 15,589 128,408 November 10, 2007 : 72,582 * * 25,970 101,689 November 17, 2007 : 81,829 * * 11,018 98,080 November 24, 2007 : 51,219 * * 2,085 53,820 : December 1, 2007 : 41,936 * * 10,387 53,133 December 8, 2007 : 48,936 * * 6,484 56,159 December 15, 2007 : 67,764 * * 16,098 84,499 December 22, 2007 : 74,429 * * 6,317 81,320 December 29, 2007 : 4,540 415 * * 7,290 : January 5, 2008 : 26,873 719 702 12,243 40,537 January 12, 2008 : 46,207 * * 12,253 60,400 January 19, 2008 : 62,435 * * 11,104 74,664 January 26, 2008 : 32,202 * * 6,462 46,352 : February 2, 2008 : 57,980 * * 10,465 74,682 February 9, 2008 : 52,122 * * 13,620 69,955 February 16, 2008 : 87,979 * * 13,085 106,046 February 23, 2008 : 38,340 * * 13,431 52,217 : March 1, 2008 : 60,351 * * 19,863 86,016 March 8, 2008 : 78,121 * * 11,246 91,347 March 15, 2008 : 94,599 3,675 * * 99,887 March 22, 2008 : 60,873 * * 10,838 73,477 March 29, 2008 : 67,101 * * 15,008 84,411 : April 5, 2008 : 77,157 * * 10,870 91,730 April 12, 2008 : 38,898 0 0 9,327 48,225 April 19, 2008 : 67,230 * * 9,769 83,549 April 26, 2008 : 51,073 * * 1,294 55,487 : May 3, 2008 : 45,415 3,068 * * 56,188 May 10, 2008 : 61,697 * * 12,289 77,158 May 17, 2008 : 65,711 * * 3,072 74,383 May 24, 2008 : 49,065 0 0 22,919 71,984 May 31, 2008 : 24,296 * * 3,143 27,738 : June 7, 2008 : 38,713 * * 8,453 48,943 June 14, 2008 : 61,034 * * 29,390 91,686 June 21, 2008 : 55,441 * * 3,635 61,716 June 28, 2008 : 52,326 * * 7,871 62,293 : July 5, 2008 : 51,803 * * 4,618 60,918 July 12, 2008 : 51,600 * * 7,846 67,228 July 19, 2008 : 46,746 4,718 * * 56,171 July 26, 2008 : 24,940 * * 19,525 45,598 -------------------------------------------------------------------------------- * 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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