Food Business News - May 15, 2018 - 62
Meat and Poultry
California 2018 almond production
was forecast at a record 2,300 million
lbs (utilized, shelled basis), up 1.3% from
2,270 million lbs last year, the U.S. Department of Agriculture said in its May
10 Crop Production report.
Peanuts were 23% planted in the
eight major states as of May 6, even with
a year ago and ahead of 18% as the 201317 average for the date, the U.S.D.A. said.
Peanut stocks on March 31 totaled
4,207 million lbs, up 3.6% from a year
earlier, the U.S.D.A said in its latest Peanut Stocks and Processing report. Use of
peanuts for candy totaled 31 million lbs,
down 23%, for snacks totaled 44 million
lbs, up 22%, and for peanut butter totaled
103 million lbs, down 12%. Crushed were
41 million lbs in March, down 28%, with
crude peanut oil production at 18 million
lbs, down 27%, and March 31 oil stocks at
11 million lbs, up 32% from a year ago. FBN
The U.S.D.A. beef cutout value rose
to the highest level since June 2017 last
week but was 6% below the year-ago level.
Strong gains in wholesale rib and loin
cuts ahead of the "official" kickoff to the
summer grilling season Memorial Day
weekend pushed the cutout higher. The
cutout in 2017 peaked for the year in June.
The U.S.D.A. pork cutout value
also firmed the past two weeks but also
remained 12% below the year-ago level
amid ample pork supplies.
Chicken part prices were mostly
higher last week but remained well below
year-ago levels except for leg quarters,
while turkey parts were mostly steady but
well above levels at this time last year. FBN
f.o.b. shipping point, $ per lb
Growers prices May 11
Peanuts, raw, Ga. .firstname.lastname@example.org
Pistachios, Calif. email@example.com
- Change from -
Peanuts (U.S.D.A. national posted prices, 2017 crop, c/lb)
Dry Edible Beans
Dry edible bean dealer prices were
unchanged to $2 a cwt higher across most
classes for which prices were quoted
during the past two weeks. Trading and
demand remained light, although movement on contract was steady, the U.S.D.A.
said. Transportation problems persisted.
Dealer prices of peas and lentils were
not quoted. Grower prices of peas and
lentils in Washington and Idaho were
unchanged, while prices in North Dakota
and Montana were steady to higher for
green peas, unchanged for yellow peas
and steady to lower for lentils.
Dry edible bean and dry pea planting was well ahead of last year in the
Pacific Northwest. Planting lagged in
other states reporting progress including North Dakota dry peas at 10% (32%
as the average) and Montana dry peas at
33% (64%), dry beans at 5% (30%) and
lentils at 22% (44%). FBN
Fruit trees and berry bushes were
behind normal in progress due to prolonged wintry weather.
The U.S.D.A. forecast California
2018 peach production at 495,000 tons,
down 15% from 2017, including Freestone
at 230,000 tons, down 18%, and Clingstone at 265,000 tons, down 12%. Development was about a week behind last
year, and some orchards reported hail
and frost damage earlier in the season.
Processing apple prices mostly were
steady as few 2017 apples were left to be
marketed except in Washington, where offers were heavy and trading was moderate.
The U.S.D.A. in its May 10 crop
report forecast 2017-18 U.S. orange production at 3,893,000 tons, down slightly
from its April forecast and down 23%
from the prior year. Florida orange production was forecast at 2,023,000 tons (45
million 90-lb boxes), also down slightly
from April and down 35% from 2016-17.
Tomato paste prices were steady. FBN
Sosland Publishing is teaming up with Mercaris, an
industry leader in organic & non-GMO markets, to
bring you monthly prices and analysis of key food
grade organic grain and oilseed markets.
Food Business News
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May 15, 2018