Food Business News - July 10, 2018 - 96
Area planted to peanuts in 2018
was estimated at 1,502,000 acres, down
20% from 2017 and the smallest since
2014, and harvested area was forecast
at 1,461,000 acres, down 18%, the U.S.
Department of Agriculture said in its annual Acreage report on June 29.
Peanuts in the eight major states
were 45% pegging, ahead of 36% as the
five-year average, the U.S.D.A. said. The
crop was rated 67% good to excellent, up
from 65% a week earlier but below 75%
a year ago, with 30% fair (21% last year)
and 3% poor (4% last year).
Nut prices at terminal markets were
unchanged except for some firmness in
filberts. Offers were light. FBN
Meat and Poultry
Cattle in feedlots of 1,000 head or
more on June 1 totaled 11,553,000 head,
f.o.b. shipping point, $ per lb
Growers prices July 6
Peanuts, raw, Ga. .firstname.lastname@example.org
Pistachios, Calif. email@example.com
- Change from -
up 4% from a year earlier and the highest
since records began in 1996, the U.S.D.A.
said. May marketings totaled 2,056,000
head, up 5% from May 2017, and cattle
placed in feedlots during May totaled
2,124,000 head, up slightly from May 2017.
May 31 stocks of frozen red meat
were up 9% from a year earlier, including
beef up 13% and pork up 6%, the U.S.D.A.
said. Total frozen poultry stocks on May
31 were up 7% from a year earlier, including turkey up 1% and chicken up 12%,
with the latter record high for the month.
The total hog and pig inventory on
June 1 was 73,451,000 head, up 3% from
a year earlier and the highest for the date
since records began in 1964, the U.S.D.A.
said. The June 1 market hog inventory
was 66,728,000 head, also up 3% from
last year and the highest since 1964.
U.S.D.A. beef and pork cutout values
both declined during the past two weeks
with beef down 4% from a year ago and
pork down 19%. Sharp losses in rib and
loin cuts pressured beef as shipments for
holiday grilling were completed. Supplies
of both beef and pork were ample, with
the beef cutout declining weekly since
mid-May and down 9% for the period. FBN
Dry Edible Beans
Peanuts (U.S.D.A. national posted prices, 2017 crop, c/lb)
Area planted to dry beans in 2018
at 1,834,000 acres, and
- 21.50 harvested area was forecast at 1,777,500
acres, both down 12% from 2017, the
U.S.D.A. said, including chickpea plantings at 662,300 acres, up 7%, and harvested area at 651,300 acres, up 9%. Dry
edible pea planted area was estimated at
881,000 acres, down 22%, with harvested
area at 833,500 acres, down 21%. Lentil
plantings were estimated at 789,000
acres, down 29%, and harvested area at
752,000 acres, down 26%.
Dealer prices for dry edible beans
were mostly unquoted except for pinto
beans, up 50c a cwt, and great northern
beans, unchanged. Trading remained slow
with light demand with most movement
on contract. Old-crop supply was limited.
Dry edible bean good-to-excellent
ratings as of July 1 were 67% in Michigan,
86% in Minnesota, 85% in North Dakota,
60% in Colorado, 90% in Wyoming, 74%
in Idaho, 94% in Washington and only
25% in Oregon (72% fair). FBN
Processing apple prices were unquoted except in Washington, where prices
were steady amid light offers and trading.
Apples in many areas were developing
quickly after a late start in the spring.
Tomato paste prices were unchanged.
May 31 stocks of frozen concentrated
orange juice were up 27% from a year
earlier, while frozen french fry stocks
were down 6%, the U.S.D.A. said. FBN
Food Business News
July 10, 2018