Peanut Market News – March 23, 2016

PEANUTS AND PEANUT BUTTER MAY HOLD KEY TO PREVENTING OBESITY

The PEANUT INSTITUTE has informed us of a new study that shows that high risk adolescents who consistently consumed a daily snack of peanuts and peanut butter significantly decreased their Body Mass Index(BMI) over a 6-month period.

The study involved 257 Latino boys and girls who were overweight and obese.  The researchers said that peanuts were one of the ‘smartest snacks’, with zero empty calories.  The relatively high fat and protein content of peanuts helps to promote satiety while providing a healthy snack option for weight management.”  The Peanut Institute said ‘Peanut snacks can provide a duel benefit of weight management and healthier diets’.  For info, see www.peanut-institute.org.


WESTERN PEANUT GROWERS ANNUAL MEETING IS TUESDAY, MARCH 29
 

Western Peanut Growers Association (WPGA) will host an information and educational meeting on Tuesday, March 29, 2016 at 9:30 a.m. at the Gaines County Civic Building, 402 NW 5th Street, in Seminole, Texas. Peanut farmers and interested agribusinesses are invited to attend.

The 33rd Annual Business Meeting of the WPGA Membership will be held at 9:00 a.m. and will adjourn for the Guest Speakers at 9:30. The Business Meeting will include an election by the membership to fill four expiring board of director seats. All WPGA members are encouraged to attend this 30 minute segment.  The informational session will begin with Tom Sell, WPGA Attorney/Consultant with Combest Sell & Associates addressing the prospects of any potential assistance or getting a new farm bill.

The second part of this session will be moderated by Tom Sell and will basically be a question and answer session regarding the use of generic certificates and to answer questions regarding rumors of various peanut planting certifications. Farm Service Agency County Executive Directors Daryl Perryman and Gary Six have agreed to help answer grower questions.

“The WPGA Board of Directors chose this venue to help our farmers and agricultural industry to understand the diversity of ag policy in “The Agriculture Act of 2014. Producers have several a new safeguard tools available and we want them to be aware of it and to know how to use it. We also want members to understand their planting choices and any potential ramifications of these choices so that they can make the best decisions for their individual farming operation.” says Tony Dill, WPGA President.  The educational meetings should end just before noon and are open to all who have an interest in agriculture. Coffee and doughnuts will be available while they last.


PEANUT SUPPLY & DISAPPEARANCE

Source: Crop Production and Peanut Stocks and Processing, NASS, USDA, Census Bureau and U.S. Department of Commerce  -March, 2016. (OIL CROPS OUTLOOK)

The U.S. peanut crop for 2015/ is estimated at 3,105,000 tons, based on harvesting 1,567,000 acres averaging 3,963 pounds per acre.  The ending stocks or carry forward is estimated at 1,442,000,000 tons. This is a slight change from February, 2016.

Domestic food use for peanuts is predicted to increase 2.3 percent, presently UP 3%. Exports are predicted to increase 3.1%, with present levels down 2.6%(Jan-Dec).


TEXAS PEANUT PRODUCERS BOARD MEETING

March 30th, 2016 – to swear in new board member and re-elected board members, and approve new budget. The meeting is at The Wildcatter Ranch Resort in Graham, Texas. 


NEW STUDY ABOUT PEANUTS AND MILLENNIALS
 

Millennial Americans ― a generation that has grown up learning to cope with an increase in all food allergies and an explosion in food and snack options ― say peanut butter and peanuts are the nut products they consume most often.      

That’s the finding of a new study conducted by The Bantam Group, on behalf of the National Peanut Board, and released during National Peanut Month.  The research also showed that:  

  • Peanut butter and peanuts are the No. 1 and No. 2 most consumed for both Millennials and the General Market. The findings are in line with USDA’s Economic Research Service, which shows peanuts are the most consumed nut in America.
  • Half of Millennials surveyed eat peanut butter at least once a week, and say they are more likely to eat peanuts and peanut butter on a daily basis
  • Millennials are also significantly less likely than the General Market to eat peanut butter on a sandwich with bread or on crackers.  Instead, they are more likely to eat peanuts and peanut butter in non-traditional ways such as in smoothies and sauces.

 

via Peanut Farm Market News, a peanut hotline service of The Spearman Agency, Tyron Spearman, editor