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PEANUT MARKETING NEWS – February 16, 2021 – Tyron Spearman, Editor (20)
NATIONAL POSTED PRICE SHELLED MKT PRICE MARKET LOAN WEEKLY PRICES
from USDA each Tuesday at 3 PM, USDA - 9 - Mo. loan ( Average prices
Good til Next day at 12:01 am EST. insp. = Inspected Marketing by type
Week- Feb 16, 2021 Date – 2-16 , 2021 Farmer stock tons Date – 02-6-2021
$424.55 per ton/Runners Shelled Runners 2019-20 2020-21 Crop Runners - $.202- $404 t
Crop
$415.57 per ton/Spanish 2020 Crop - $.50- $.55 lb. Date 2-18-2020 2-16-2021 Spanish – None
$428.74 per ton/Valencia 2-10-20 Jum$.62,Med.61, $.60 Loans 2,340,498 2,433,493 Virginias - $.215- $430
$428.74 per ton/Virginia No sellers /delivery top priority Redeemed 342,975 603,677 Average - $.202- $404 t
Same as last week 2-14-19 Jum $.46 Med, $.45 In Loan 1,997,523 1,829,816 Runners – 88,409,000
Splits $.44 Estimate 2,748,043 t 3,067,168 t Virginia – 2,067,000 #
Feb 16, 2021 (2020 crop) Inspected 2,750,049 t 3,098,127 t Spanish – None
2019 Crop USDA Estimate- 1,389,700 acres harvested X 3,934 lbs. ac = 2,733,243 tons TOTAL –90,476,000 #
2020 Crop USDA Estimate (Final)- 1,616,000 acres harvested X 3,796 lbs. ac = 3,067,168 tons DOWN 0.2 ct/lb
2021 Farmer Stock Contracts – Runners(SE) - $475 per ton, plus $25 per ton premium on seed and/or High Oleic(HO)
VC – Virginias – Some $500/$520 per ton, + $25 per ton for irrigated, Runners -$475 per ton, HO - $500 per ton
Prices Received Jul 2020 Aug 2020 Sept Oct 2020 Nov 2020 Dec 2020 Projected PLC
by Farmers (PLC $.207 $.205 2020 $.209 $.212 $.204 Payment $.0575
2019 Program) $414 ton $410 $.205 $418 ton $424 ton $408 ton $115 per ton
ton $410 ton
HORMEL TO ACQUIRE PLANTERS - Planters has been producing snack nuts 115 years, and now its next 115 years is set
to be shaped by Spam-making, dried meat king Hormel.
Hormel (HRL) — known for Applegate organic deli meats and Hormel branded bacon — said Thursday it would
acquire Planters from Kraft Heinz for $3.35 billion. The deal — the largest in Hormel’s history — will be funded with a mix
of cash on hand and the issuance of new debt. It’s expected to close in the second quarter.
The marriage has long been rumored for several reasons. First, Hormel has a strong position in the nut butter market
with well-known brands Skippy and Justin’s. Adding Planters brings Hormel more into the nut snacking occasion, with an
ingredient it already uses a great deal. The transaction also brings Hormel into the snacking business overall as the Planters
business also includes the Cheez Balls and Corn Nuts brands.
Hormel said that Planters' net sales in 2020 were roughly $1 billion. It said that owning the brand will "enhance" its
overall profit margins and cash flow.
PEANUT SHELLERS PLAN SPRING CONFERENCE – On March 3, 2021, the American Peanut Shellers Association will
host the industry Spring Conference. Due to the pandemic, the event will take place virtually and you must register to join the
link. The program starts at 9 AM and will feature:
- President’s Report – Jamie Brown, Vice President –Olam Peanut Shelling Company
-Associate Member Report – Patricia Moody, APSA Sales Task Force and Sales Manager of Olam Peanut Shelling
Co.
-Washington Overview – Bob Redding, president, U.S. Peanut Federation
- Aflatoxin Task Force – Karl Zimmer , President /CEO of Premium Peanut and Mike Jackson, President, JLA
International
- Peanut Institute Update – Ali Hill, TPI & General Manager of Specialty Products with Golden Peanut and Tree Nuts
- -Manufacturer Update – Jake Calhoun, Director of Brand Strategy – The J. M. Smucker Company
-Campbells Snacks – Chris Collins, Director of Peanuts and Tree Nuts
- U.S. Peanut Crop – Dr. Scott Monfort, UGA Extension Peanut Agronomist
Since no in-person meeting to enjoy lunch, the APSA PAC Committee is asking you to “Donate a Lunch”. By purchasing a
PAC ticket for $50, APSA will donate 50 jars to PEANUT PROUD for humanitarian projects. One ticket will make 900
PB&J’s. see www.peanutshellers.org for information or American Peanut Shellers PAC P. O. Box 70157 / Albany, GA 31708
PHONE: 229-888-2508 FAX: 229-888-5150.