c

PEANUT MARKETING NEWS – August 28, 2019 – Tyron Spearman, Editor (112)
NATIONAL POSTED PRICE SHELLED MKT PRICE MARKET LOAN WEEKLY PRICES
from USDA each Tuesday at 3 PM, USDA - 9 - Mo. loan Average prices (USDA)
Good til Next day at 12:01 am EST. insp. = Inspected Marketing by type
Week- Aug 27, 2019 Date – Aug. 27, 2019 Farmer stock tons Date – 8-17-2019
$425.16 per ton/Runners Shelled Runners/ 2017 Crop 2018 Crop Runners - $.208 - $416 t
$414.74 per ton/Spanish Jum - $.45, Med- $.45, Date 8-31-2018 8-27-2019 Spanish – None
$425.49 per ton/Valencia Splits - $.44 lb. Loans 2,734,775 2,339,940 Virginia – $.255 - $510 t
$425.49 per ton/Virginia 8-26-18 Jum $.48,Med. $.47 Redeemed 2.145.427 1,865,185 Average - $.216- $432 t
Same as last week. Splits - $.46 In Loan 589,348 474,755 Runners – 48,435,000 #
New Crop $.Jum $.52, Med $.51 Estimate 3,616,800 2,730,800(F) Virginia – 10,085,000 #
8-26-17 Med – Low 50’s Final inspec 3,537,849 2,744,494 t Spanish – None
2019 U.S. Peanut Planted Acreage Estimate – 1,323,000 acres - 3% decrease over 2018 TOTAL – 58,520,000 #
2019 Crop Estimate- 1,323,000 acres harvested X 4,008 lbs. ac = 2,651,300 tons UP 2.2 c/lb
Prices Receive farmers/PLC payments - If final estimate is $424 per ton. Subtract from $535 ref. price for a $111 per ton payment on 85% base.
Aug.– 2018 Sept– 2018 Oct- 2018 Nov 2018 Dec 2018 Jan - 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Final Est
$.220 $.222 $.221 $.212 $.178 $.222 $.215 $.160 $.205 $.206 $.217 $.212
$ 440 ton $444 ton $442 ton $424 ton $356 ton $444 ton $430 ton $320 ton $410 ton $412 ton $434 ton $424 t
2018 Loan MATURITY July – 4,559 August September October November Dec&Jan TOTAL LOAN
Forfeited 174,295 159,203 117,858 20,583 2,499/314 474,755
SUPPORT PACKAGE FOR FARMERS ABOUT READY - Secretary of Agriculture Sonny Perdue announced Friday that USDA’s
Office of the Chief Economist has published a detailed accounting of how estimated damage from trade disruptions was calculated.
He developed an estimate of gross trade damages for commodities with assessed retaliatory tariffs by China, India, the European
Union, and Turkey to set commodity payment rates and purchase levels. USDA employed the same approach often used in
adjudicating World Trade Organization trade dispute cases. President Trump authorized USDA to provide up to $14.5 billion in
direct payments through MFP for 2019 to assist impacted producers.
The first payment will be comprised of the higher of either 50 percent of a producer’s calculated payment or $15 per
acre. The first payment will be made in mid-to-late August. (THAT’S THIS WEEK) MFP payments will be made in up to three
tranches (or portions), with the second and third tranches evaluated as market conditions and trade opportunities dictate. If conditions
warrant, the second tranche will be made in November, and the third in early January.
Secretary Perdue said, “ For a long time, China and other nations have not provided free, fair, and reciprocal access to U.S.
farmers and ranchers and President Trump is the first President to stand up to them and send a clear message that the United States
will no longer tolerate unfair trade practices. Our support package ensures farmers will not stand alone in facing unjustified retaliatory
tariffs while President Trump continues working to solidify better and stronger trade deals around the globe.”
NEWS FLASH - In its 2020 rankings of the "Best Colleges for Agricultural Sciences in America," Niche.com placed UGA third,
behind Cornell University at No. 1 and the University of Florida at No. 2. Texas A&M University was ranked fourth.
NEW SNACKS FILLED WITH PEANUTS - The retail pipeline is continuing to be filled with peanut products. For January through
July 2019, new peanut product launches totaled 565, with July being the most active month. Snacks remain the largest and brightest
category, increasing six percent in Q2 2019 compared to 2018, and an area that’s ripe with exciting new applications. Here are a few
brands that are pursuing innovations with peanut products to meet consumers’ needs.
General Mills’ Nature Valley brand has created a unique snack that updates the nostalgic childhood treat of the chocolate
peanut butter wafer bar. Referring to the inspiration for the new product, Carly Anderson, marketing manager for Nature Valley, said,
“the [bar] category seemed to lack in products that had both real food and sweet indulgence. And the traditional wafer had never really
been a part of the grain aisle before,”. After an exciting development process, Nature Valley Crispy Creamy Wafer Bars in peanut
butter and chocolate peanut butter flavors launched earlier this summer. In a Mintel panel, 55 percent of consumers reported that they
likely or definitely would buy this product, significantly outperforming its subcategory.
PEANUT FAMILY LOSS – We are saddened to report the death of Jackson “Todd” Chastain, 50, of Pineview, GA. Visitation was
held Tuesday, August 27 in the Frazier and Son Funeral Home. Survivors include: Parents-Norma and Jack Chastain of Rochelle,
wife-Lorrie B. Chastain of Pineview, son-Jackson Chastain of Pineview and a brother-Phillip (Lisa) Chastain of Watkinsville. He was
employed at Doster’s Warehouse in the Maintenance Division. Family contact is Norma D. Chastain, 229-425-3142,
ndcjtc@yahoo.com, 408 Dorsey St, PO Box 335 or 38, Rochelle, GA 31079.