Peanut Prices Higher and Russia Threat to Ukraine Wheat

Peanut Prices Higher and Russia Threat to Ukraine Wheat

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Peanut prices received by farmers for all farmer stock peanuts averaged 26.6 cents per pound for the week ending July 2, up 3.4 cents from the week before. reports, marketings of all farmer stock peanuts totaled 71.9 million pounds, up 43.9 million pounds from week earlier.

Runner-type peanut prices averaged 26.6 cents per pound, up 5.1 cents.

Marketings of runners totaled 71.9 million pounds, up 49.6 million pounds.

**Russian military advances are threatening some of the most fertile fields in southern and eastern Ukraine, the country's primary winter wheat growing regions. reports, Ukrainian farmers last year harvested more than 17 million acres of winter wheat, but this year will be lucky to harvest 12 million.

While just 20% of Ukraine is occupied by Russian forces, more than half the country's winter wheat fields are at risk because of their proximity to the fighting.

**U.S. beef exports set new volume and value records in May, according to USDA data compiled by the U.S. Meat Export Federation.

May beef exports reached 135,006 metric tons, up 1% from the previous high posted in May 2021.

Export VALUE climbed 20% to $1.09 billion, breaking the March 2022 record.

USMEF President Dan Halstrom says these records came despite a slight year-over-year volume decline in the two largest export markets, South Korea and Japan.

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