HDR1012000110061127961500Peanut Stocks and Processing                           
                                                                                
Released November 27, 1996, by the National Agricultural Statistics Service     
(NASS), Agricultural Statistics Board, U.S. Department of Agriculture.  For     
information on "Peanut Stocks and Processing" call Barbara Rater at (202)       
720-7688, office hours 7:30 a.m. to 4:00 p.m. ET.  For assistance with general  
agricultural statistics, information about NASS, its products or services,      
contact the Agricultural Statistics Hotline at 1-800-727-9540 or E-mail:        
NASS@NASS.USDA.GOV.  The "Peanut Stocks and Processing" U.S. Summary is         
available on Autofax, (202) 720-2000, report 1700.  See page 9.                 
                                                                                
                                                                                
Stocks estimates refer to October 31, 1996; all other data are for the month    
of October.                                                                     
                                                                                
                                                                                
           Peanut Stocks Down 21 Percent From Last Year                         
                                                                                
Peanut stocks in commercial storage totaled 2.21 billion pounds of equivalent   
farmer stock, compared to 2.80 billion pounds last year.  This total includes   
1.76 billion pounds of actual farmer stock.                                     
                                                                                
                                                                                
Shelled peanuts on hand totaled 416 million pounds of equivalent farmer stock.  
Roasting stock totaled 29.6 million pounds.  There were 50.9 million pounds of  
Commodity Credit Corporation uncommitted stocks on hand as of October 31,       
1996.                                                                           
                                                                                
                                                                                
Shelled peanut stocks totaled 313 million pounds of which 238 million pounds    
were edible grades and 75.0 million pounds were oil stocks.  Edible grade       
stocks by type were:  Virginias, 63.3 million pounds;  Runners, 158 million     
pounds; and Spanish, 16.0 million pounds.                                       
                                                                                
October millings totaled 399 million pounds.  Millings by type were 136         
million pounds of Virginias, 239 million pounds of Runners, and 23.2 million    
pounds of Spanish.                                                              
                                                                                
Commercial processors utilized 122 million pounds of shelled edible grade       
peanuts during October.  Utilization for all peanut butter products was         
62.5 million pounds, utilization for peanut candy was 30.4 million pounds, and  
utilization for snack peanuts was 26.0 million pounds.  Crushing for oil,       
cake, and meal totaled 45.0 million pounds during the month.                    
                                                                                
Deliveries under the Government Domestic Feeding and Child Nutrition Programs   
amounted to 844,048 pounds of peanut butter, and 79,686 pounds of roasted       
peanuts during August.  There were no deliveries of peanut granules during the  
month.                                                                          
                                                                                
                                                                                
Stocks of treated seed on hand October 31 totaled 171,000 pounds, compared      
with 155,000 pounds on September 30, 1996.  Of the October total, 63,000        
pounds were Virginias and Valencias, 86,000 pounds were Runners, and 22,000     
pounds were Spanish.  September stocks of treated seed included 65,000 pounds   
of Virginias and Valencias, 68,000 pounds of Runners, and 22,000 pounds of      
Spanish.                                                                        
                                                                                
                                                                                
                                                                                
Gr Lg 6 (11-96)                                                                 
                                                                                
                                                                                
       Table 1.  Stocks of Peanuts and Specified Products at Month's End,       
                               Crop of 1996-97 1/                               
------------------------------------------------------------------------------- 
             :            :            :            : Farmer Stock Equivalent   
  Month      :   Farmer   :  Shelled   :  Roasting  :-------------------------- 
  Ending     :   Stock    :  Peanuts   :   Stock    :   Shelled   :  Total      
             :            :    2/      : (In Shell) :   Peanuts   :    3/       
------------------------------------------------------------------------------- 
             :                          1,000 Pounds                            
             :                                                                  
Aug 1996     :      44,358      332,301       17,538      441,960      503,856  
Sep          :     532,084      246,832        8,551      328,287      868,922  
Oct          :   1,759,388      312,761       29,642      415,972    2,205,002  
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :   2,119,319      483,274       34,772      642,754    2,796,845  
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
                                                                                
                                                                                
       Table 2.  Farmer Stock Peanuts, by Types, on Hand at Month's End,        
                               Crop of 1996-97 1/                               
------------------------------------------------------------------------------- 
             :         :         :         Spanish (by Areas)        :          
  Month      :         :         :-----------------------------------:  Total   
  Ending     :Virginias: Runners :Virginia:       :        :         :   All    
             :         :         :  North : South :  South :  Total  :  Types   
             :         :         :Carolina: East  :  West  :         :          
------------------------------------------------------------------------------- 
             :                           1,000 Pounds                           
             :                                                                  
Aug 1996     :       0     44,358      0        0         0        0     44,358 
Sep          :  33,614    493,940      0        0     4,530    4,530    532,084 
Oct          : 376,130  1,274,564      0       11   108,683  108,694  1,759,388 
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    : 402,006  1,621,401      0    4,061    91,851   95,912  2,119,319 
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
                                                                                
          Table 3.  Total Farmer Stock Peanuts on Hand at Month's End,          
                               Crop of 1996-97 1/                               
------------------------------------------------------------------------------- 
             :             :             Commercial Stocks        : Equivalent  
  Month      :     CCC     :--------------------------------------------------- 
  Ending     : Uncommitted : Restricted  :    Other     :         :Total Farmer 
             :   Stocks    :   Use 17/   :  Commercial  :  Total  :   Stock     
------------------------------------------------------------------------------- 
             :                             1,000 Pounds                         
             :                                                                  
Aug 1996     :         0        16             16/          44,358      44,358  
Sep          :    15,212        16/            16/         516,872     532,084  
Oct          :    50,916        16/            16/       1,708,472   1,759,388  
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :   444,218        16/            16/       1,675,101   2,119,319  
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
                                                                                
                                                                                
   Table 4.  Shelled Peanuts and Roasting Stock (In Shell) on Hand at Month's   
                             End, Crop of 1996-97 1/                            
------------------------------------------------------------------------------- 
             :           Shelled Edibles 19/      : Shelled :        :          
  Month      :------------------------------------:   Oil   :  Total :Roasting  
  Ending     :Virginias: Runners :Spanish : Total :Stocks 4/: Shelled:Stocks 5/ 
------------------------------------------------------------------------------- 
             :                           1,000 Pounds                           
             :                                                                  
Aug 1996     :  60,976   146,653   25,353   232,982   99,319  332,301   17,538  
Sep          :  40,088   121,295   10,670   172,053   74,779  246,832    8,551  
Oct          :  63,345   158,340   16,045   237,730   75,031  312,761   29,642  
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    : 128,606   270,982   26,353   425,941   57,333  483,274   34,772  
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
                                                                                
         Table 5.  Farmer Stock Peanuts Milled (Net Weight), by Months,         
                               Crop of 1996-97 18/                              
------------------------------------------------------------------------------- 
          :         :         :         Spanish (by Areas)          :           
          :         :         :-------------------------------------:   Total   
 Month    :Virginias: Runners :Virginia:        :         :         :    All    
 Ending   :         :         :  North :  South :  South  :  Total  :   Types   
          :         :         :Carolina:  East  :  West   :         :           
------------------------------------------------------------------------------- 
          :                            1,000 Pounds                             
          :                                                                     
Aug 1996  :     480     31,294       0         0        0         0     31,774  
Sep       :  12,748    111,822       0         0    3,928     3,928    128,498  
Oct       : 135,972    239,426       0         0   23,212    23,212    398,610  
Nov       :                                                                     
Dec       :                                                                     
          :                                                                     
Jan 1997  :                                                                     
Feb       :                                                                     
Mar       :                                                                     
Apr       :                                                                     
May       :                                                                     
Jun       :                                                                     
Jul       :                                                                     
          :                                                                     
Same Month:                                                                     
Last Seas :  82,870    125,994       0         0   17,488    17,488    226,352  
          :                                                                     
Seas Total: 149,200    382,542       0         0   27,140    27,140    558,882  
          :                                                                     
95 To Date:  98,944    196,732       0         0   17,994    17,994    313,670  
------------------------------------------------------------------------------- 
                                                                                
                                                                                
     Table 6.  Production of Shelled and Roasting Stock (In Shell) Peanuts,     
                        by Months, Crop of 1996-97                              
------------------------------------------------------------------------------- 
          :           Shelled Edibles 18/       : Shelled :         :           
  Month   :-------------------------------------:   Oil   :  Total  :Roasting   
  Ending  :Virginias: Runners :Spanish:  Total  :Stocks 4/: Shelled :Stocks 5/  
------------------------------------------------------------------------------- 
          :                          1,000 Pounds                               
          :                                                                     
Aug 1996  :      48       500       0        548    23,614     24,162      711  
Sep       :   3,903    53,181   2,065     59,149    31,870     91,019    6,621  
Oct       :  45,180   157,215  15,815    218,210    36,744    254,954   62,649  
Nov       :                                                                     
Dec       :                                                                     
          :                                                                     
Jan 1997  :                                                                     
Feb       :                                                                     
Mar       :                                                                     
Apr       :                                                                     
May       :                                                                     
Jun       :                                                                     
Jul       :                                                                     
          :                                                                     
Same Month:                                                                     
Last Seas :  35,462    83,610  12,369    131,441    17,638    149,079   33,065  
          :                                                                     
Seas Total:  49,131   210,896  17,880    277,907    92,228    370,135   69,981  
          :                                                                     
95 To Date:  39,309   111,292  12,637    163,238    52,720    215,958   41,371  
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
     Table 7.  Shelled Peanuts Crushed, Production and Stocks of Peanut Oil     
                and Cake and Meal, by Months, Crop of 1996-97 7/                
------------------------------------------------------------------------------- 
             : Shelled  :        Production        :   Stocks (End of Period)   
  Month      : Peanuts  :------------------------------------------------------ 
  Ending     :Crushed 8/:  Crude Oil : Cake & Meal :Crude Oil 7/:Cake & Meal 7/ 
------------------------------------------------------------------------------- 
             :                            1,000 Pounds                          
             :                                                                  
Aug 1996     :    61,896     26,423       33,873       25,823        6,289      
Sep          :    61,591     26,601       34,165       29,719        8,619      
Oct          :    45,033     20,161       24,828       27,902        7,138      
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :    32,414     13,156       18,216       14,195        6,321      
             :                                                                  
Seas Total   :   168,520     73,185       92,866         --           --        
             :                                                                  
95 To Date   :   128,402     55,372       70,711         --           --        
------------------------------------------------------------------------------- 
                                                                                
                                                                                
     Table 8.  Apparent Disappearance of Milled Peanut Products, by Months,     
                              Crop of 1996-97 9/                                
------------------------------------------------------------------------------- 
             :         Shelled Peanuts         :          :         :           
  Month      :---------------------------------: Roasting : Crude   : Cake &    
  Ending     :  Edible  :   Oil    :           :  Stock   : Peanut  :  Meal     
             :  Grades  :  Stocks  :   Total   :          : Oil 7/  :   7/      
------------------------------------------------------------------------------- 
             :                            1,000 Pounds                          
             :                                                                  
Aug 1996     :   137,997    50,613     188,610     14,154    27,592     34,796  
Sep          :   120,078    56,410     176,488     15,608    22,705     31,835  
Oct          :   152,533    36,492     189,025     41,558    21,978     26,309  
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :   186,748    16,118     202,866     33,356    18,895     22,343  
             :                                                                  
Seas Total   :   410,608   143,515     554,123     71,320    72,275     92,940  
             :                                                                  
95 To Date   :   490,111    53,575     543,686     77,219    60,940     79,300  
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
                                                                                
  Table 9.  Shelled Peanuts (Raw Basis) Used in Primary Products,               
        And In Shell Peanuts, by Months, Crop of 1996-97 6/                     
------------------------------------------------------------------------------- 
             :        Edible Grades Used In 19/             :         :         
             :----------------------------------------------:         :         
  Month      :         :       :          :        :        :  Total  :         
  Ending     : Peanut  : Snack :  Peanut  : Other  :        :   All   :In Shell 
             : Candy   :Peanuts:  Butter  :Products:  Total :  Grades : Peanuts 
             :  11/    :  10/  :    12/   :        :        :   13/   :   14/   
------------------------------------------------------------------------------- 
             :                           1,000 Pounds                           
             :                                                                  
Aug 1996     :  34,248   24,935   67,040     1,844   128,067   189,963    9,785 
Sep          :  29,741   30,441   58,917     2,964   122,063   183,654   10,744 
Oct          :  30,433   26,028   62,451     3,561   122,473   167,506   14,738 
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :  25,884   30,189   61,478     3,505   121,056   153,470   14,776 
             :                                                                  
Seas Total   :  94,422   81,404  188,408     8,369   372,603   541,123   35,267 
             :                                                                  
95 To Date   :  96,072   77,772  201,090     9,102   384,036   512,438   38,408 
------------------------------------------------------------------------------- 
                                                                                
                                                                                
                                                                                
   Table 10.  Virginias Shelled Peanuts (Raw Basis) Used in Primary Products,   
                         by Months, Crop of 1996-97 15/                         
------------------------------------------------------------------------------- 
             :                        Edible Grades Used In 19/                 
             :----------------------------------------------------------------- 
   Month     :             :            :          :            :               
   Ending    :   Peanut    :   Snack    :  Peanut  :   Other    :               
             :   Candy     :  Peanuts   :  Butter  :  Products  :   Total       
             :    11/      :    10/     :   12/    :            :               
------------------------------------------------------------------------------- 
             :                             1,000 Pounds                         
             :                                                                  
Aug 1996     :      2,990       7,985       6,413          534      17,922      
Sep          :      2,890      10,301       6,200        1,413      20,804      
Oct          :      3,127       7,697       4,773        1,092      16,689      
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :      1,958      10,306       7,347        1,852      21,463      
             :                                                                  
Seas Total   :      9,007      25,983      17,386        3,039      55,415      
             :                                                                  
95 To Date   :      9,056      26,208      21,179        4,425      60,868      
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
    Table 11.  Runners Shelled Peanuts (Raw Basis) Used in Primary Products,    
                         by Months, Crop of 1996-97 15/                         
------------------------------------------------------------------------------- 
             :                        Edible Grades Used In 19/                 
             :----------------------------------------------------------------- 
   Month     :             :           :           :              :             
   Ending    :   Peanut    :   Snack   :   Peanut  :    Other     :             
             :   Candy     :  Peanuts  :   Butter  :   Products   :  Total      
             :    11/      :    10/    :     12/   :              :             
------------------------------------------------------------------------------- 
             :                             1,000 Pounds                         
             :                                                                  
Aug 1996     :     29,946      14,969      57,156         1,186     103,257     
Sep          :     26,436      18,085      48,472         1,414      94,407     
Oct          :     26,717      16,274      55,463         2,160     100,614     
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :     21,876      17,969      52,342         1,511      93,698     
             :                                                                  
Seas Total   :     83,099      49,328     161,091         4,760     298,278     
             :                                                                  
95 To Date   :     80,343      47,029     175,961         3,662     306,995     
------------------------------------------------------------------------------- 
                                                                                
                                                                                
                                                                                
    Table 12.  Spanish Shelled Peanuts (Raw Basis) Used in Primary Products,    
                         by Months, Crop of 1996-97 15/                         
------------------------------------------------------------------------------- 
             :                        Edible Grades Used In 19/                 
             :----------------------------------------------------------------- 
    Month    :             :           :          :            :                
    Ending   :   Peanut    :   Snack   :  Peanut  :   Other    :                
             :   Candy     :  Peanuts  :  Butter  :  Products  :     Total      
             :    11/      :    10/    :    12/   :            :                
------------------------------------------------------------------------------- 
             :                             1,000 Pounds                         
             :                                                                  
Aug 1996     :      1,312       1,981      3,471          124         6,888     
Sep          :        415       2,055      4,245          137         6,852     
Oct          :        589       2,057      2,215          309         5,170     
Nov          :                                                                  
Dec          :                                                                  
             :                                                                  
Jan 1997     :                                                                  
Feb          :                                                                  
Mar          :                                                                  
Apr          :                                                                  
May          :                                                                  
Jun          :                                                                  
Jul          :                                                                  
             :                                                                  
Same Month   :                                                                  
Last Seas    :      2,050       1,914      1,789          142         5,895     
             :                                                                  
Seas Total   :      2,316       6,093      9,931          570        18,910     
             :                                                                  
95 To Date   :      6,673       4,535      3,950        1,015        16,173     
------------------------------------------------------------------------------- 
See footnotes on page 8.                                                        
                                                                                
These Statistics are collected and presented according to the Peanut            
Statistics  Act which requires shellers, crushers and processors of raw         
peanuts to submit periodic reports for their operations.  These reports are     
usually based on a complete enumeration of all shellers and crushers and all    
of the larger processors of raw peanuts.  However, reports are occasionally     
received too late to be included in the first tabulation.  Allowances are made  
for these missing reports and revised totals are published in the next report.  
                                                                                
                                                                                
                                                                                
 1/  Excludes stocks on farms.  Includes stocks owned by or held for account    
     of CCC in commercial storages.  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.     
                                                                                
                                                                                
 4/  Includes straight run oil stock peanuts.                                   
                                                                                
                                                                                
 5/  Cleaned and unshelled.                                                     
                                                                                
                                                                                
 6/  Excludes peanuts milled for seed.                                          
                                                                                
                                                                                
 7/  Relates to oil mills only.                                                 
                                                                                
                                                                                
 8/  All crushings regardless of grade.                                         
                                                                                
                                                                                
 9/  Includes in transit, exports and domestic use.                             
                                                                                
                                                                                
10/  Formerly titled 'Salted Peanuts'.  Includes salted, unsalted,              
     dry and honey roasted, salted and unsalted roasted.                        
                                                                                
                                                                                
11/  Includes peanut butter made by manufacturers for own use in candy.         
                                                                                
                                                                                
12/  Includes peanut butter made by manufacturers for own use in cookies        
     and sandwiches, but excludes peanut butter used in candy.                  
                                                                                
                                                                                
13/  Includes all shelled peanuts crushed regardless of grade.                  
                                                                                
                                                                                
14/  Includes peanuts re-packaged, roasted in shell, salted in shell,           
     and raw in shell.                                                          
                                                                                
                                                                                
15/  Crushings by type not available.                                           
                                                                                
                                                                                
16/  Not published to avoid disclosing individual operations.                   
                                                                                
                                                                                
17/  Purchased from CCC for crushing or export.                                 
                                                                                
                                                                                
18/  Includes peanuts milled for seed.                                          
                                                                                
                                                                                
19/  Beginning in February 1988, shelled edible grades include blanched         
     and shelled roasted peanuts converted to a raw basis using conversion      
     factors of 1.08 and 1.12, respectively.  This should be considered         
     when comparing with previous years.                                        
                                                                                
                                                                                
The next "Peanut Stocks and Processing" report will be released at 3:00 p.m.    
ET on December 27, 1996.                                                        
                                                                                
                                                                                
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          USDA Announces Agricultural Outlook Forum  97                         
                    February 24 and 25, 1997                                    
              Omni Shoreham Hotel, Washington, D.C.                             
                                                                                
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the Internet. Or, call 1-800-999-6779 to place an advance order for the printed 
proceedings (YCON-97) or new long term projections to 2005 (WAOB-97-1).         
                                                                                
  Ag Forum home page:  http://www.usda.gov/oce/waob/agforum.htm                 
                                                                                
                                                                                
                                                                                
                                                                                
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                            Forum  97