Gr Lg 6 (2-03) Peanut Stocks and Processing National Agricultural Statistics Service USDA Washington, D.C. Released February 28, 2003, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Peanut Stocks and Processing" call Mark R. Miller at (202) 720-7688, office hours 7:30 a.m. to 4:00 p.m. ET. Peanut Stocks Down 43 Percent from Last Year Peanut stocks in commercial storage on January 31, 2003 totaled 2.21 billion pounds of equivalent farmer stock, compared to 3.89 billion pounds last year. This total includes 1.49 billion pounds of actual farmer stock. Shelled peanuts on hand totaled 673 million pounds of farmer stock equivalent. Roasting stock totaled 44.5 million pounds. There were no Commodity Credit Corporation uncommitted stocks on hand as of January 31, 2003. Shelled peanut stocks totaled 506 million pounds of which 482 million pounds were edible grades and 24.0 million pounds were oil stocks. Edible grade stocks by type included 77.5 million pounds of Virginias, 367 million pounds of Runners, and 37.3 million pounds of Spanish. January millings totaled 355 million pounds. Millings by type were 67.1 million pounds of Virginias, 262 million pounds of Runners, and 26.4 million pounds of Spanish. Commercial processors utilized 118 million pounds of shelled edible grade peanuts during January. Utilization by type was 64.1 million pounds for all peanut butter products, 25.6 million pounds for peanut candy, and 26.4 million pounds for snack peanuts. Crushing for oil and cake and meal totaled 46.6 million pounds during the month. Deliveries under the Government Domestic Feeding and Child Nutrition Programs amounted to 3.24 million pounds of peanut butter. Stocks of treated seed on hand January 31, 2003 totaled 1.29 million pounds, compared with 143,000 pounds on December 31, 2002. Of the January total, 739,000 pounds were Virginias and Valencias, 534,000 pounds were Runners, and 13,000 pounds were Spanish. December stocks of treated seed included 101,000 pounds of Virginias and Valencias, 29,000 pounds of Runners, and 13,000 pounds of Spanish. Stocks estimates refer to January 31, 2003. All other data are for the month of January. Table 1. Stocks of Peanuts and Specified Products at Month's End, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : : : : Farmer Stock Equivalent Month : Farmer : Shelled : Roasting :----------------------------- Ending : Stock : Peanuts : Stock : Shelled : Total : : 2/ : (In Shell) : Peanuts : 3/ -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 447,016 520,396 45,055 692,127 1,184,198 Sep : 582,400 380,932 31,619 506,640 1,120,659 Oct : 1,380,798 421,269 37,511 560,288 1,978,597 Nov : 1,718,116 452,369 39,144 601,651 2,358,911 Dec : 1,789,856 470,560 38,557 625,845 2,454,258 : Jan 2003 : 1,491,134 505,983 44,493 672,957 2,208,584 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 2,900,706 706,947 50,990 940,240 3,891,936 -------------------------------------------------------------------------------- 1/ Excludes stocks on farms. Includes stocks owned by or held for account of peanut producers and CCC in commercial storage facilities. Farmer stock on net weight basis. 2/ Includes shelled edible grades, shelled oil stock, and shelled seed (untreated). 3/ Actual farmer stock, plus roasting stock, plus shelled peanuts X 1.33. Table 2. Farmer Stock Peanuts, by Types, on Hand at Month's End, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : : : Spanish (by Areas) : : : :------------------------------------: Total Month :Virginias: Runners :Virginia: : : : All Ending : : : North : South : South : Total : Types : : :Carolina: East : West : : -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 1,932 445,084 0 0 0 0 447,016 Sep : 14,868 566,398 0 0 1,134 1,134 582,400 Oct : 164,846 1,204,946 0 0 11,006 11,006 1,380,798 Nov : 216,056 1,462,118 0 0 39,942 39,942 1,718,116 Dec : 211,446 1,522,690 0 0 55,720 55,720 1,789,856 : Jan 2003 : 145,112 1,315,532 0 0 30,490 30,490 1,491,134 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 371,343 2,440,256 0 0 89,107 89,107 2,900,706 -------------------------------------------------------------------------------- 1/ Excludes stocks on farms. Includes stocks owned by or held for account of peanut producers and CCC in commercial storage facilities. Farmer stock on net weight basis. Table 3. Total Farmer Stock Peanuts on Hand at Month's End, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : : Commercial Stocks : Equivalent Month : CCC :-------------------------------------------------------- Ending :Uncommitted: Restricted : Other : :Total Farmer : Stocks : Use 2/ : Commercial : Total : Stock -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 0 3/ 3/ 447,016 447,016 Sep : 0 3/ 3/ 582,400 582,400 Oct : 0 3/ 3/ 1,380,798 1,380,798 Nov : 0 3/ 3/ 1,718,116 1,718,116 Dec : 0 3/ 3/ 1,789,856 1,789,856 : Jan 2003 : 0 3/ 3/ 1,491,134 1,491,134 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 797,796 3/ 3/ 2,102,910 2,900,706 -------------------------------------------------------------------------------- 1/ Excludes stocks on farms. Includes stocks owned by or held for account of peanut producers and CCC in commercial storage facilities. Farmer stock on net weight basis. 2/ Purchased from CCC for crushing or export. 3/ Not published to avoid disclosing individual operations. Table 4. Shelled Peanuts and Roasting Stock (In Shell) on Hand at Month's End, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : Shelled Edibles 2/ : Shelled : : Month :-----------------------------------: Oil : Total : Roasting Ending :Virginias:Runners :Spanish : Total :Stocks 3/:Shelled : Stocks 4/ -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 110,806 357,284 37,069 505,159 15,237 520,396 45,055 Sep : 78,717 262,183 23,560 364,460 16,472 380,932 31,619 Oct : 75,616 289,188 32,861 397,665 23,604 421,269 37,511 Nov : 77,400 318,874 34,099 430,373 21,996 452,369 39,144 Dec : 75,420 347,003 24,091 446,514 24,046 470,560 38,557 : Jan 2003 : 77,515 367,185 37,278 481,978 24,005 505,983 44,493 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 135,733 517,624 36,049 689,406 17,541 706,947 50,990 -------------------------------------------------------------------------------- 1/ Excludes stocks on farms. Includes stocks owned by or held for account of peanut producers and CCC in commercial storage facilities. Farmer stock on net weight basis. 2/ Shelled edible grades include blanched and shelled roasted peanuts converted to a raw basis using conversion factors of 1.08 and 1.12, respectively. 3/ Includes straight run oil stock peanuts. 4/ Cleaned and unshelled. Table 5. Farmer Stock Peanuts Milled (Net Weight), by Months, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : : : Spanish (by Areas) : : : :------------------------------------: Total Month :Virginias: Runners :Virginia: : : : All Ending : : : North : South : South : Total : Types : : :Carolina: East : West : : -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 2,604 99,108 0 0 4,188 4,188 105,900 Sep : 5,002 178,948 0 0 0 0 183,950 Oct : 59,810 305,396 0 0 26,294 26,294 391,500 Nov : 66,770 245,744 0 0 9,416 9,416 321,930 Dec : 55,120 229,358 0 0 3,164 3,164 287,642 : Jan 2003 : 67,088 261,848 0 0 26,414 26,414 355,350 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 84,312 305,714 0 0 6,548 6,548 396,574 : Aug 2002- : Jan 2003 : 256,394 1,320,402 0 0 69,476 69,476 1,646,272 : Aug 2001- : Jan 2002 : 389,176 1,225,404 0 0 57,038 57,038 1,671,618 -------------------------------------------------------------------------------- 1/ Includes peanuts milled for seed. Table 6. Production of Shelled and Roasting Stock (In Shell) Peanuts, by Months, Crop of 2002-2003 -------------------------------------------------------------------------------- : Shelled Edibles 1/ : Shelled : : Month :---------------------------------------: Oil : Total :Roasting Ending :Virginias: Runners : Spanish : Total :Stocks 2/:Shelled :Stocks 3/ -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 680 21,227 3,243 25,150 56,033 81,183 1,220 Sep : 1,738 82,825 0 84,563 55,695 140,258 2,057 Oct : 21,001 177,252 19,027 217,280 62,833 280,113 27,606 Nov : 26,625 142,537 6,583 175,745 50,817 226,562 25,234 Dec : 19,244 134,520 1,394 155,158 46,366 201,524 22,818 : Jan 2003 : 27,108 153,233 18,138 198,479 50,909 249,388 24,818 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 39,007 194,511 4,632 238,150 45,202 283,352 24,155 : Aug 2002- : Jan 2003 : 96,396 711,594 48,385 856,375 322,653 1,179,028 103,753 : Aug 2001- : Jan 2002 : 166,055 740,952 37,374 944,381 209,276 1,153,657 129,282 -------------------------------------------------------------------------------- 1/ Includes peanuts milled for seed. 2/ Includes straight run oil stock peanuts. 3/ Cleaned and unshelled. Table 7. Shelled Peanuts Crushed, Production and Stocks of Peanut Oil and Cake and Meal, by Months, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : Shelled : Production : Stocks (End of Period) Month : Peanuts :----------------------------------------------------- Ending : Crushed 2/ : Crude Oil :Cake & Meal:Crude Oil 1/: Cake & Meal 1/ -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 57,920 26,776 31,777 3,267 1,406 Sep : 57,007 25,831 30,989 9,781 2,370 Oct : 57,818 25,585 32,178 11,014 2,874 Nov : 54,981 24,655 30,696 11,420 4,516 Dec : 44,429 19,516 25,062 9,918 7,059 : Jan 2003 : 46,617 20,880 25,823 12,114 4,557 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 43,517 19,648 24,164 2,162 1,004 : Aug 2002- : Jan 2003 : 318,772 143,243 176,525 : -- -- Aug 2001- : Jan 2002 : 212,366 93,548 121,233 -- -- -------------------------------------------------------------------------------- 1/ Relates to oil mills only. 2/ All crushings regardless of grade. Table 8. Apparent Disappearance of Milled Peanut Products, by Months, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : Shelled Peanuts : : : Month :-------------------------------: Roasting : Crude : Cake & Ending : Edible : Oil : : Stock : Peanut : Meal 2/ : Grades : Stocks : Total : : Oil 2/ : -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 200,841 57,444 258,285 21,314 27,381 31,663 Sep : 225,262 54,460 279,722 15,493 19,317 30,025 Oct : 184,075 55,701 239,776 21,714 24,352 31,674 Nov : 143,037 52,425 195,462 23,601 24,249 29,054 Dec : 139,017 44,316 183,333 23,405 21,018 22,519 : Jan 2003 : 163,015 50,950 213,965 18,882 18,684 28,325 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 156,990 44,388 201,378 20,475 19,694 28,856 : Aug 2002- : Jan 2003 :1,055,247 315,296 1,370,543 124,409 135,001 173,260 : Aug 2001- : Jan 2002 : 948,184 206,198 1,154,382 116,664 95,198 124,029 -------------------------------------------------------------------------------- 1/ Includes in transit, exports, and domestic use. 2/ Relates to oil mills only. Table 9. Shelled Peanuts (Raw Basis) Used in Primary Products, and in Shell Peanuts, by Months, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : Edible Grades Used In 2/ : : :----------------------------------------------: Total : Month : : : : : : All :In Shell Ending : Peanut : Snack : Peanut : Other : : Grades : Peanuts : Candy :Peanuts : Butter :Products : Total : 6/ : 7/ : 3/ : 4/ : 5/ : : : : -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 35,039 31,998 71,668 2,546 141,251 199,171 11,226 Sep : 35,229 33,385 67,889 2,986 139,489 196,496 12,114 Oct : 29,194 32,384 75,734 2,525 139,837 197,655 16,375 Nov : 27,677 29,505 59,689 1,554 118,425 173,406 11,590 Dec : 21,615 25,891 61,338 1,291 110,135 154,564 12,637 : Jan 2003 : 25,574 26,421 64,149 1,446 117,590 164,207 12,240 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 22,266 25,966 70,421 1,476 120,129 163,646 15,477 : Aug 2002- : Jan 2003 :174,328 179,584 400,467 12,348 766,727 1,085,499 76,182 : Aug 2001- : Jan 2002 :169,175 184,091 419,310 9,221 781,797 994,163 82,589 -------------------------------------------------------------------------------- 1/ Excludes peanuts milled for seed. 2/ Shelled edible grades include blanched and shelled roasted peanuts converted to a raw basis using conversion factors of 1.08 and 1.12, respectively. 3/ Includes peanut butter made by manufacturers for own use in candy. 4/ Includes salted, unsalted, dry and honey roasted, salted and unsalted roasted. 5/ Includes peanut butter made by manufacturers for own use in cookies and sandwiches, but excludes peanut butter used in candy. 6/ Includes all shelled peanuts crushed regardless of grade. 7/ Includes peanuts re-packaged, roasted in shell, salted in shell, and raw in shell. Table 10. Virginias Shelled Peanuts (Raw Basis) Used in Primary Products, by Months, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : Edible Grades Used In 2/ :------------------------------------------------------------------ Month : : : : : Ending : Peanut : Snack : Peanut : Other : : Candy : Peanuts : Butter : Products : Total : 3/ : 4/ : 5/ : : -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 3,204 11,502 6,690 192 21,588 Sep : 3,744 12,335 6,576 156 22,811 Oct : 3,144 7,563 6,829 252 17,788 Nov : 1,595 6,942 5,231 350 14,118 Dec : 1,243 3,077 6,618 154 11,092 : Jan 2003 : 1,926 5,462 7,066 199 14,653 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 1,255 4,656 10,578 386 16,875 : Aug 2002- : Jan 2003 : 14,856 46,881 39,010 1,303 102,050 : Aug 2001- : Jan 2002 : 13,356 44,942 58,833 1,811 118,942 -------------------------------------------------------------------------------- 1/ Crushings by type not available. 2/ Shelled edible grades include blanched and shelled roasted peanuts converted to a raw basis using conversion factors of 1.08 and 1.12, respectively. 3/ Includes peanut butter made by manufacturers for own use in candy. 4/ Includes salted, unsalted, dry and honey roasted, salted and unsalted roasted. 5/ Includes peanut butter made by manufacturers for own use in cookies and sandwiches, but excludes peanut butter used in candy. Table 11. Runners Shelled Peanuts (Raw Basis) Used in Primary Products, by Months, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : Edible Grades Used In 2/ :------------------------------------------------------------------ Month : : : : : Ending : Peanut : Snack : Peanut : Other : : Candy : Peanuts : Butter : Products : Total : 3/ : 4/ : 5/ : : -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 30,784 19,475 63,698 2,323 116,280 Sep : 29,725 19,981 58,829 2,776 111,311 Oct : 25,325 23,379 66,327 2,211 117,242 Nov : 24,916 21,219 53,751 1,173 101,059 Dec : 19,301 21,713 53,998 1,093 96,105 : Jan 2003 : 22,253 20,321 55,749 1,158 99,481 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 19,806 20,247 59,179 1,034 100,266 : Aug 2002- : Jan 2003 : 152,304 126,088 352,352 10,734 641,478 : Aug 2001- : Jan 2002 : 146,545 131,215 355,908 7,100 640,768 -------------------------------------------------------------------------------- 1/ Crushings by type not available. 2/ Shelled edible grades include blanched and shelled roasted peanuts converted to a raw basis using conversion factors of 1.08 and 1.12, respectively. 3/ Includes peanut butter made by manufacturers for own use in candy. 4/ Includes salted, unsalted, dry and honey roasted, salted and unsalted roasted. 5/ Includes peanut butter made by manufacturers for own use in cookies and sandwiches, but excludes peanut butter used in candy. Table 12. Spanish Shelled Peanuts (Raw Basis) Used in Primary Products, by Months, Crop of 2002-2003 1/ -------------------------------------------------------------------------------- : Edible Grades Used In 2/ :------------------------------------------------------------------ Month : : : : : Ending : Peanut : Snack : Peanut : Other : : Candy : Peanuts : Butter : Products : Total : 3/ : 4/ : 5/ : : -------------------------------------------------------------------------------- : 1,000 Pounds : Aug 2002 : 1,051 1,021 1,280 31 3,383 Sep : 1,760 1,069 2,484 54 5,367 Oct : 725 1,442 2,578 62 4,807 Nov : 1,166 1,344 707 31 3,248 Dec : 1,071 1,101 722 44 2,938 : Jan 2003 : 1,395 638 1,334 89 3,456 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 1,205 1,063 664 56 2,988 : Aug 2002- : Jan 2003 : 7,168 6,615 9,105 311 23,199 : Aug 2001- : Jan 2002 : 9,274 7,934 4,569 310 22,087 -------------------------------------------------------------------------------- 1/ Crushings by type not available. 2/ Shelled edible grades include blanched and shelled roasted peanuts converted to a raw basis using conversion factors of 1.08 and 1.12, respectively. 3/ Includes peanut butter made by manufacturers for own use in candy. 4/ Includes salted, unsalted, dry and honey roasted, salted and unsalted roasted. 5/ Includes peanut butter made by manufacturers for own use in cookies and sandwiches, but excludes peanut butter used in candy. Table 13. Government Domestic Feeding and Child Nutrition Program, by Months, Crop of 2002-2003 ----------------------------------------------------------------------------- : Deliveries by Product :--------------------------------------------------------------- Month : : : : Ending : Peanut : Roasted : Granules : Total : Butter : Peanuts : : ----------------------------------------------------------------------------- : Pounds : Aug 2002 : 2,513,123 69,120 0 2,582,243 Sep : 3,139,682 172,800 0 3,312,482 Oct : 3,861,124 33,264 0 3,894,388 Nov : 4,015,203 0 0 4,015,203 Dec : 2,599,843 102,384 0 2,702,227 : Jan 2003 : 3,235,843 0 0 3,235,843 Feb : Mar : Apr : May : Jun : Jul : : : Jan 2002 : 2,697,287 157,392 0 2,854,679 : Aug 2002- : Jan 2003 : 19,364,818 377,568 0 19,742,386 : Aug 2001- : Jan 2002 : 15,299,931 771,696 0 16,071,627 ----------------------------------------------------------------------------- Source: Food and Nutrition Service. 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