The Fats and oils situation

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Material Information

Title:
The Fats and oils situation
Physical Description:
301 v. : ill. ; 26-28 cm.
Language:
English
Creator:
United States -- Bureau of Agricultural Economics
United States -- Agricultural Marketing Service
United States -- Dept. of Agriculture. -- Economic Research Service
United States -- Dept. of Agriculture. -- Economics, Statistics, and Cooperatives Service
United States -- Dept. of Agriculture. -- Economics and Statistics Service
United States -- World Food and Agricultural Outlook and Situation Board
Publisher:
The Bureau
Place of Publication:
Washington
Publication Date:
Frequency:
frequency varies

Subjects

Subjects / Keywords:
Oil industries -- Periodicals -- United States   ( lcsh )
Oils and fats, Edible -- Economic aspects -- Periodicals -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
periodical   ( marcgt )
serial   ( sobekcm )

Notes

Statement of Responsibility:
United States Department of Agriculture, Bureau of Agricultural Economics.
Dates or Sequential Designation:
FOS-1 (Mar. 1937) - FOS-301 (Oct. 1980).
Issuing Body:
Issued by: Agricultural Marketing Service, 1954-Mar. 1961; Economic Research Service, May 1961-<Oct. 1977>; Economics, Statistics, and Cooperatives Service, <May 1978>-July 1980; Economics and Statistics Service, Oct. 1980.
General Note:
"Approved by the World Food and Agricultural Outlook and Situation Board," Oct. 1977-Oct. 1980.
General Note:
Title from caption.
General Note:
Item 21-D.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 000502965
oclc - 01588232
notis - ACS2699
lccn - 46039840 //r82
issn - 0014-8865
sobekcm - AA00005305_00050
Classification:
lcc - HD9490.U5 A33
ddc - 380.1/41385/0973
System ID:
AA00005305:00050

Related Items

Succeeded by:
Fats and oils outlook & situation

Full Text








TION


SIT UA
BUREAU OF AGRICULTURAL ECONOMICS
.. UI..TED STATES DEPARTMENT OF AGRICULTURE


|S ------------~r--- F= n.32s


In th is Ises
COMPARATIVE OIL YIELDS
PER ACRE, BI STATES


SPRfODUCTION OF ANIMAL FATS AND VEGETABLE OILS FROM
,:DOWiESTIC MATERIALS, UNITED STATES. 1912, 1914. AND 1916-43

sited I)


1. 9 19160












i. EP TMET OF AGRICUL



1912 1916

S U i: BP';:..$ A.UTENT OF AGRICULTURE


1920 1924 1928 1932
DATA FOR 1943 ARE PRELIMINARY, 1945 ESTIMATED


1944


NEG.dZ653 HUREAU OF AGRICULTURAL ECONOMICS


Production of fate and oils from domestic materials in 1945 probably will
II6il 11; btili on pounds compared with 10 billion pounds in 1942 and 9.4 billion
k: u ...J. s in 19.41 :yVeatable oils have constituted an increasing proportion of total
i A':"i: 1 in ithe pat.. years, with soybean oil leading in the rise. With curtailment
ii::, I..w~.lp i rcm 't~as Ch r East and large direct war requirements, the United States
i,;,.,'. h a substantial export balance in fats, oils and oilseeds in 1945, reversing
' s ituafta of the past 18 years.


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Table 1.- "1olesale pni-o per pound of fats and oils at speoifed markets, and index
numbers of pr-ces. February 1941 and 1942, Dcember-February 1942-43


Item I February i 1942-43
I 1941 i 5 142 lDecember I January i Pebruary
I Cent s Cent. Cents Cots Cents
Butter, 92-score, Chicago ........................................ 30.1 34.5 45.8 1 46.6 / 7.0
Butter, 92-score, New York .......................................: 80.8 34.8 46.6 / 47.68 48,0
)leorargarine, dom. veg., Chicago ................................s 14.5 19.0 19.0 19.0 19.0
Compounds (animal and veg. cooking fats), Chicago ................ 10.5 17.1 17.0 17.0 17.0
Lard, Iose, Chicago ..............................................: 5.5 11.4 12.8 12.8 12.8
Lard, prime stem, tierces, Chicago .............................. 6.2 12.2 13.8 13.8 13.9
Lard, refined, cartons, Cnloago .................................. G.8 13.4 15.6 15.6 15.6
Oleo oil, extra, tires, Chicago ................................ 7.0 1..0 -
Oleostearine, hbl., N. .........................................i 6.3 10.9 10.5 10.5 10.5
Tailor, edible, Chicago .......................................... 5.1 9.7 --- .. -

Corn oil, crude, tanks. P.o.b. mills ............................. 6.6 12.5 12.8 12.8 12.8
Corn oil, refined, bbl., Nf. Y ....................................1 9.4 15.5 15.5 15.5 15.5
Cottonseed oil, crude, tanks, f.o.b. E.E. mills .................. 5.? 12.6 12.8 12.6 12.8
Cottonseed oil, p.s.y., tank cars. N. Y. .........................1 .2 13.9 14.0 14.0 14.0
Peanut oil, crude, tanks, f.o.b. nrl's ........................... 5.3 13.0 13.0 13.0 13.0
Peanut oil, don., refined, bbl., II. Y. ...........................I 8.5 16.8 17.0 16.8 16.5
Soybean oil, crude, tank cars, midwestern mills ..................: 6.1 11.7 11.R 11.8 11.8
Soybean oil, dom., crudo, drums, II. 7. ...........................1 6.8 15.0 13.0 --- ---
Soybean oil, refined, drums, N. Y. ...............................I 8.0 14.2 14.2 -- ---

Co-onut oil, Manila, crude, tanks, f.o.b. Pacific Coast / ....... 6.0 --- 11.0 11.0 11.0
coconut oil, s.anlla, crude, bulk, c.l.. 1i. Y. ./ ................ 3 6.4 --- 11.4 11.4 11.4
Coconut nII, Manll, refined, edible, tank cars. f.o.b. N.Y. Z/ ..I --- --- / 12.8 / 12.8 / 12.8
live oil, clible, drurs, 1..Y. .................................... 42.9 75.7 58.4 59.3 62.4
Olive oil, inedible, drirs, W. Y. .................................: 30.4 59.3 51.2 50.0 50.8
Olive-oil Foots. prime, drums, N. Y. ............................. 10.6 19.6 19.0 19.0 19.0
Palm oil, Niger, crude, drms, ':. Y. 2' ..........................I 7.2 12.2 12.1 12.1 12.1
Pipe oil, reined, denatured, drur, 1>. Y. ....................... 12.7 15.5 !6.0 16.0 16.0
Pane oil, blown, drunt I. Y ....................................... 1 1 .5 1P.2 18.2
Smflower oil, tank cars, f.o.b. I'. Y. ...........................I --- --- 14.3 11.3 14.3
Teersed oil, crude, drurs, 1. '. .................................. 17.2 30.0 20.0 29.0 29.0

Tallow, No. 1, inedible, Chicago ................................. 4.5 9. --- .4 ---
Crease, A WM ite, Chicago ......................................... 4.6 9.6 E.5 8.8
'enhadea oil, cr' de, tanks, f.o.b. rialtiore .....................I 4.7 B.6 8.9 8.8 8.8
Sardine oil, crude, tan-s, Pacific Coast .........................: 6.0 8.9 0.4 8.9 8.9
Thale oil, refined, bleschea winter, dru.., II. Y. ................I 0.5 11.1 11.: 11.1 11.1

Linseed oil, raw, tanL cars, 'lnneepolis .........................I 8.8 11.1 12.1 12.9 13.6
Linseed oil, raw. dru3u, carlota, If. Y. ..........................I 9.4 5/ 11.5 5/ 13.0 13.6 13.6
Ferills oil, crude, drums, 1'. Y ............... ................: 18.1 24.6 24.5 24.5 24.6
Oltlcice 31i drums, R Y. ....................................... 18.1 25.2 25.0 25.0 25.0
Tung oil, drums, TI. Y. ........................................... 27.6 40.1 39.0 39.0 39.0

Cast r oil. "o. 3, bbl., H. Y. ................... ................: 9.8 13.4 13.? I1 .8 13,B
Castor oil, !lo. 1, tent-.. Y. ............... ................ 9.5 12.7 13.0 13.0 13.0
Castor oil, dehvdreer', drums, carlots, Ii. Y. .................... 17.i 17.6 18.6 18.5 18.6
Coo-llver oil, ned. U.S.T. bbl., N. Y. ........................... 29.7 34.1 36.4 3/ 56.5 6.b
Co4 oil, :ewfoundland, druns, N. Y. ............................... 8.7 11.3 12.0 12.0 12.0

11~EX NJUUB PS (1924-29 = 100)

Eight domestic 'rts and oils (1910-14 = l0) ..................... 8B 125 150 151 151
Eight domestic fats and oils ...................................... 82 89 107 107 107

All fats and oils 127 Items) ....................................: 68 97 112 113 .113
Groilped b origin I
An"'ial feats .................................................... : F; 8 134 105 135
"~ar!oe anianl oil ........ ... ............. ....... ...... ...... : 93 125 127 127 127
Vegetsble oilr, domoEtic ....................................... 1 65 125 128 129 131
Vegetable ni;l foreigal ........................................ 1 96 156 145 147 160
Groupad b uses I
But tt r ......................................................... 68 79 104 105 105
butter, seaso-s]ly adjusted .................................... 6 76 94 103 101
Lard ............................................................ 47 93 105 135 105
lOher 'ood fate ................................................ 70 142 134 135 136
All food rats ................................................ 66 92 110 110 110
ioap fats .............. .................... 66 128 119 119 119
Drying oils ............................................. 95 124 134 138 143
Miscellaneous oils ....................... ....... ................ 85 113 117 117
All industrial fats and oils ............ ................... 1 79 126 125 127 129
Prices compiled from Oil, Paint and Drug reporter T-n lietional Provisloner, The Journal of Cormnree (New York), and
reports of t.e Foo. Distribution Administration and Bureau of Labor SttisF.Ice. Prices quoted include excise taxes
and duties where applicable. Indox runb-rs I.-* eat ier years beginning 1910 are given In Technical Bulletin No. 737
(1940) and The Fats and Oils Situation beginning Decemberr 1940.
1/ Reflects all types of wholesale trading for cash or short-time credit. Previous quotations refer to open market
sales only. February sales mostly of less than carload lots to individual retailers and large consumers such as
hotels. 2/ Three-cent processing tax added to price as originally quotas. 3/ Tanks, N. Y. 4/ Quoted in drums.
5/ Converted to new basis of quotation. / Revised.




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(t ibt didtifttit of 'thbe atifabale ply of 1th6se jruitry oilsi:W"':
STL ': ... *.. ". *
iitc-urT f loryuit wotithfldg stids are now -v at about e ilaian *levlg and
ay further decline in these stocks would craai a ysetoui suj9l "f aton


*d", $lt btt sa t ei&& from I1m af %itio als' as a aet hi -
6*TJ
h*afl'r iflftl *d6Mt' flf xsi 11A bills munde
-.. :" t-., ait;? .. t .. .. .:. -,* .*; ,., ... .. -.
'i s1953, Domestic disappearance of all primary fats and -ola, .jncluAing

Sprt oaUe, totaled, about 10*5. billion pounds in 1942.

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Plaxseed-prices advanoed.-rapidFly Im lPebnumwaw d ja.,phbm snia

tinuing the rise begun in December. .....nearly Maroch piea apparently we

above parity. Receipts at terminal-u.-anst were relatively light ia fablwrt

and a strong demand from crushers was supplemented --by bi f-tsd& disne"

Quotations fon linsee:oil advanced froa Deceafier Sto arch. Tjia444j t

other -fats-and oile-remain at .Qeiling levels, .. ... .
.-- March-15

S .- .. E IEW O 30 EVLO W :i; ,

*BAOKGROUNb., -ith the entrance of, the .United Statea .at. n :.:t.
the war in December 1941 and the subsequent loss of most
.. :. .of- our 'imporg t from the aFar. eat, or. fate situation W-fa.l;.: ..
transformed from one of comparative abundance to one of
*.. -tight supply. Requirements; mounted under the stimuXna. o !-y ,.
war activity and rising incomes* In September 1942 a
-.general order was issued limiting manufacturers! -use'of, "
fats and oils to conserve supplies. Production of fat e'an
-oils was -increased. nearly 15 percent ia the 192 crop, ea :,:, ..* -
Price ceilings on fats and oils, instituted in December 19il,
S- ere revised upward on several occasions during 1942. PrTpa ''..-:
of all fats and oils except linseed oil are now covered by
..specific- ceiling orders. ..

Flaxseed and Linseed Oil Prices Continued .
to Advance in February

The index numbers of the wholesale prices of 27 major fats and oUil
stood at..11l percent.vof the. 192429 average in February, unhansgpi..
January, but 16 points above February 1942. The principal price chsagee
in February and early March occurred in linseed oil and adiblea .. ,'
Linseed oil in drums, carlots, at New York was quoted at 15.2 cents per'
pound in the-:fist week of March, 1.2 oents per-pound higher thw .jt 4 I.
first week of February and 2.5 cents per pound higher than in the first
weqk of iDecember, -when the present upward movement beganb .Priqes... stitP
olive oil at New York averaged 59.9 cents per pound in February, 16* Oense
*-higher than. a month earlier. *,. N .

Prices o fl1axseed continued to. rise in February:and ear.ly1,,.-
with No. 1 seed at Minneapolis averaging $3.13 per bushel in the hst s'vee
of-.Mareh,, eompared.with $2a~S per bushel a-month -earlier and $2.. in the
first week of December. Receipts were relatively light in Februa7ry sad
cru.hers .maintained, 4.'ftrm .demand.,wit h seed, dealers entering the a -
toward the end of the month. Prices receded moderately in' the eec0cr8 ek
of March. -The mid-.ribyry garity.:pri4e$aor flseed was -42.7Q0 PPW 1PJBl
equivalent to about $2.92 per bushel dt Minneapolis.
'* .. .W .

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Te Priao l's 'tin366 ad Wi M nea g to"AVU3se
Ylftery and early Marc~h to $5 ,e to !'at A, ftIsRa hile.
talebattr prces n ebivary. reported by the food 16ition ~
30pgil tiefilP &WaWdstur n h9*%Vapipai 'An table 1,,XA qw &at s Pa w ch ngei
abaig$ogaAMMlge.Qewfpeatitectumpriciet. fobr bmt~ter-'P l10as eftive
3 shWathilg 'glitis on .0aeat isaes t Grde A,1-9a-sco~re):,bulk
1 Wto ri~ti IM 1sptfit b0*00 6r Adhathe anatatants except wood"a ube* continue
alt -p poi~pwonleett ll Mathicagoa-And New Yorko


Mo I- 1:ntles ytegltd S eallses-pataasia v~,




cents per pound loe td.th lteda.slea.etinswdhbtrorplacet
ra stock peannats were-not subjeet't "to azimum prices priev-ioualy; the
of /s M14040 # euig pwtoc of VirginUL, Tpe Jabon and. Bunch
$1000 a#.46," ane Tpe $600 per tan,: and Southeas-aem
gigg 94 v4.: ice dt outwesern anih ,farmerasl. gtock- at the

ofI ^ piato on, tar A f&Ir&Gra stock: Peanutsi -tomb 0 1)sloal
fli~ptstwashefolowe Tigiia ype 8.,NO-.' I or N. Ra (avy
class),- $1,16; Virginia T'ype% tr. S., NOT 3 (any class), $16s, whtte-Spyanish
Toope all grade s. $169; Runner TMp, all grades, $154. These p~rice~s average
above 100 percent of &h parity price of pebnato..`
The -re ula-tibzestablishes individual sellera ceilings for-,processorst-
% M ith~kililtle1kei tencedroaztodi'sliced* chof ped, or
~1ttWer'vdtktes 1" 6&ld;icA1VTLghteg.db aege prices char~geA in No~veniberand
ti~t #1eel9e an dbtalestbailingV for .peanut bditt r are 'emtasbl iched


JSa Aruisit _Wort

0 A ~ 1*;614a l gftb: UMw t 1943T ar-1 of flanmeod,. beated a g$ @p
tW. si;Tw'ti*qe 1volibi tor No.% I flaxseed wt the Minneapol,3. termnapl Wketv,
hanis ~nunlelMn ck 4:' t Lomnwi'll be maeaalal Wyodueets -by the
Commodity Credit Corporation through couftty commi ttees -of thq ,Agzicultural
AU ustment Agency for flaxpeed grading No. I or NO.- 2, provided. the farm
014a Wh 4 V ad P fo ti as et t lemk ID FBIrQen% ofr it S waxwcmop% epals
11'~-.V stl dti~ h gh Jauy3,1,' 1944 amd will mature oU demand
tmJ*61 1 94.% -A traelown of, T..:eatz.,per bushel will be
ItlioIa' -0 '(exM0 w4d wll Ve. Wa d crtowers when lo an, a~re_
Alid 9.eCA laisdd tlpd Weorm June 1 1944 eudo h trg
Af askift (used, he duMW, leastvalues. fqr. Iflaxseed otered, on
farddid ft'& ~edevaty aredats wlW efttwnsind Wy ceductixng
(1) he andingchageand(2)county-average freight Ato the nearest terminal





Loan and Purchase Program AMnoeunce ,i, .. .'
orr C o Soybeans .. -

A 'loan and purchase program designed tp support pricwLom tW iaESS 7o
soybesea 4'arvestFd in 1943 wn announced March 5. The proapm As li-tDia .3
to farmers who plant 90 percent or more of their. 'ar crop .goals. a i:'.:
loan and purchase rate is $1,70 per bushel for No, 2 Yellwe .sAybeera.iti
14 percent moisture. Differentials for grade and moisture content .T6lP in
a schedule of loan prices from. $1.65 to $1.76 and a schedule of puredue
prices fr'io$1.57 to $1-76 for .green and yellow soybeans Sample p ;'"-
soybeans will be purchased at .discounts to be based on experience ti'" .
1942 crop. Loans will not be made on beans grading below No..-4'or having a'
moisture content in excea s of 14 percent. Loan rates for brown, l~ad ra.
mzxed beanq range from $1.45. to $156 per bushel, and purchase prioe 9'g* "
$1.37 to:$1.56 per bushel. The..base rate on 1942-crap soybeans w~O:.43 "
a bushel for No. 1 or No. 2 Green and Yellow beans of high olicont
differentials foa grade, but not moisture content* .

The loans will be offered by Commodity Credit Corporation through
county committees of the Agricultural Adjustment Agency. No loai ...V1 be
made after January" 1,' 1944. They will mature on demand, but noIIQ' r ~b
April 30, 1,94Y4 B3rrbwing frmmers. will receive. 7 cent par .bushe tr idtrae
charges, in addition to the loan rate, when the loan-is: completed-, -If--the'.
borrower does not hold the beahs.until April.30, however, a refuatd of 1 tte
cents of the otorsge allowance will be required, depending on how lpng the
:beans are held. -. ."

ConsumerRP.tioninp of Fats and.: .
Oils A~rnunced '

-Consumer rationing of fats and oils, authorized by -the Sief. y of
Agriculture on March 11, is scheduled to begin March 29. Butter, margarine,
lard, shortening, and cooking and salad oils will be-directly ratiefl.s 4 .U
consumers. Eats used in the manufacture of edible products, m-pq agtaypnaise
and bakery goods, will be rationed to manufacturers, but the finished products
will not be .subject to consumer rationing. Olive oil not' blevfda.ioth'other
oils will not be rationed. The total supply of .food fats and o0ilas valable
for both direct and indirect consumption from April through Decm1bei f-1: Is '
estimated to be about 33 pounds per capital, equivalent to about 4 ji~btos per"
capital on an annual basis. With.first-quarter consumption estmtatea at 1 ":
pounds per capital, however, the total for 1943 is placed at 46 pon&d pr
capital, compared 'with an average of about 50 pounds in: the last 3 ,.arsB ad -:'"
48 pounds in 1935-39..

For direct retail sales, it has..been estimated thatIthe amo.t-of9.butte
available per capital under the ration, on an annual basis,, beginning :.,
will be 11pounI.; shortening, cookingand salad .oils, 67 pounds. SId., :; ,
pounds; and marg.irine (oil content), 2.9 pounds.; "In addition-* a bpprobZitelty
14.5 pounds':ez capital would be consumed annually in .lotelsa.resta-fats, ana "
other institdbions, and in processed foods such as mayonnaise and baer E"
products. These figures give the total of 44 pounds .indicated above:


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j. .po .:i,~ LEgag noes alli mary at a in4 o91i for civilian
.* ." e Ou, apPc Faet -fo x ea4qfor totili& Sbout 10.5
notu p 4iS ahn from 1. ion reo'lUte mifl ti
,;* ftor!a liquidation of excesss invntoriF6 of .nishd gooet acbtalf rttiet
EP Mi.. x
4^SPI pu, o 1. be (naing In" the fbtrth qarte'r of 940'..
'": Dispfearnce of primary fats, generally speaking, refl tiWV k 'a -
~. of b itahs goods It manufacturers rather than ultimate use 1)y consumers.
,i;It stocks of flatsebd goods held 1y dealer change appreciably from one
r:" : ..
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ywr to the next, it is possible, .r ~ltatl e ooasUagp t fte to 4J4~7'
in an opposite way from mmanyiabctu r' lib ti a tFra,
stimulus of rising prices, stocks of finibbed good w n t he:adl of aii
increased sharply in 194l. .t.h Eicreasing rfrice to~ Od t 1 d'' t1m ~
of many of the price nu..*ert;'Et16tBe a iarge part of the exteasi IAn '
apparently was liquid,' m .it the spring and summer of 1914ie' teitedaill& .
are not repu.t4a, but t''is conclusion is supported by trade repouttliFiLW *
the fact that disappear- ace of primary fats, which was unusuallX' "n.
the second qua-ter, of 1941, vas comparatively:.mall in the a'B EIonA:,.;
third quarters of 19I42. '.

Table r.- apparent 4qmestic disappearance of primary fats and' qgi.
excludi .g farm butter'and n6ninspected lard, by quarters,. 9$6 42
*+ """ ... ; .'...:1.. .'
Year Jan,.-14ar. Apr..,Jvp : tu ly.Sept, o:
million pounds Billion.pounds B].ilie p.o:ims 1

1940 : 2.0 2.1 2.1
19 i : 2, 2.6 .4 -.2
1942 2,4 2. 2 2 ':"l


Under General Preference Order M-71, the use of, ats Vis l&'ibr
civilian manufacture was united in the fourth quarter of 1942 tteO '
following percentages of the fourth-quarter average use in. th 2 year
1940 and 1941; Margarine, 110; other, edible finished prodUcte a0. '
from priaory fats, 88; soap from foots, 1 50; paints, vanisheas
other p:..tective coatings, linoleum, oilcloth, and coated fabrieT ):W
printing inks, 90. fThease quotas, if combined, would be b.lejv J tibnt
of the base-period use "for the industries Covered. However, proii o -i
of butter, lard, aid miscellaneous industrial products -. mo'tl.i "'
essentials was not affected by the order. The use of fats in the prepa-
ration oZ products for the Army, Navy, lend-lease .procurement. olmmercial
export under license also was exempted. -

Consumption of both butter and lard was somewhat less in WAhff.fiu *f
quarter of 1942 than'in the fourth quarter of 1940 or 1941. Cthef' eltv
uses increased, however, and total domestic disappearance of fats and oile
in the fourth quarter of 1942 was about the same as a year earle5 :4 i
slightly larger than 2 years earlier.: "

Changes in the use of the various fats and oils from 1941 to 1942
reflect the unusual conditions that prevailed in the latter y6a uibt *fpeet
to supplies. Disappearance of imported coconut oil declined dfroi : million:
pounds in 1941 to 202 million pounds in 1942; disappearance of pal,- ill
.:. ... ; ?.. '"
.j Effective January 1, 1943, quotas for margarine and for soap ha"tfl
primary fate were chanced to 10 and 14 percent, respecttvely, o 'li-~t e-
period use.






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A*n and, Wanm vwarbhoube .stocks of primay 'fats and oils, totaling
b' Dillitounds on Jnuary 31, were about 1 percent greater than a
1 *tr A ;batrantial decl:ine- in astoks of- inedible tallow and lesser
'il.las ifestocks 'of "litterA linseed" bil, and fish oile vere more tha
: offset by material gains in stocks of cottonseed oil, soybean oil, and lard.
fahtory stocks usually increase seasonally in the fall, winter, and early
spring months, and decline in the' late.. spring ad summer. Stocks were
iiasuially low in September 1942 and will be even lower during the late summer

t eaet geau current requirements are extremely large, it probably
S A t,,poq.qossible to accumulate at y material reserve of fats and oils
Okl a xa Aess of working stocks.

-.. l.l,~. tat :rhas".of ats and

E.. .Ciq.s of fate and oils byrthe F.ood Ditr~ibtxion Administration in
.th. ,~s.. a e, ed. february 27 totalse about 71 million pounds, compared
with 105 million pounds in January. February purchases included million
: F2.6i....q lar-,nad.,rndered.pork fat, 26 million pounds of edible linseed
I. o ma s coial';a q cities. edible bee f atl .butter, oleomargarine, and
F f u.. b oo .Distribution Ad ,intration also purheL IF








W21.,





OCaRIATIX YII~LD O OIL AID MlAZ PER HAEVZIS ACp ,I "
MBOM PRINCIPAL OIL COPS, InT SS

Greatest Oil Yield per Acre 'rom Peanuts; .
Greatest Meal Yield zrrna Soyoeaos

Estimated potential yields of oil and meal per har*veFst. .s4 I
cottonseed, peanuts, soybeans, and flaxseed are shown by 8tates..nM ind ia t
United States in table 6. These are gross yields, computed without allowing
for seed requirements for the following year's planting or for utlat1g a of;
part of the crop .as food, feed, or fertilizer. Thq basic data for ibi
estimates are given in table 5, :

On the basis of the averages for the United States, peanut t .,l
highest in oil yield per acre, exceeding flaseeed by over 20 pere % tobea m
by nearly 30 percent, and cottonseed by 200 percent. Soybpans prbhee over
:j 2-1/2 times as much high-protein meal per acre as flaxseed or peasutt, and
nearly 4-l/2 times as much as cottonseed. Combined yields f oail 1d mal
per acre are 1,081 pounds from soybeans. 539 pounds from peanut ~5l ::g~
from flaxseed, and 278 pounds from cottonseed ,:

State-by-State comparisons show that peanuts have a higheit l tlp al
yield of oil per acre than any other oil-'crop in all States wherej, ~p
are gown commercially except California, where flaxseed produceag o-ilfgaMte
land has a high yield per acre. Soybeans have the greatest potetA' yi l
of meal per ac'e in all States where they are grown except AlIebmu helr.
margin of superiority over peanuts and cottonseed is considerably less in the
southern States than the margin indicated by the national average, In post
of the southern States, cottonseed yields more oil per acre than. peaio.rbp
Flaxseed also yields more oil per acre than soybeans in States w i.'t 4Is
grown.

Qualifications Necessare in Interpreting
the Estimated Yields

Considerable variation in comparative yields usually exists beiY"bn
different sections of the same State. For eijmple, in the delta seBtida
of Mississippi, which is especially well adapted to cotton, cottonseed
yields more oil per acre in relation to peanuts-'than it does in the remainder.
of the State. A similar variation exists in Louisiana and Arkansae .In
Missouri, cottonseed is grown only in a restricted section'in the sautieaster
part of the State, but soybeans are distributed widely, so that a comparison
of yields of oil and meal from the two crops cannot properly be made in this
State. Comparative State yields of oil and meal may be misleading if used
without giving consideration to sectional differences within the State

For the United States as a whole about 7 percent of the yearly ipeo- -
daction of cottonseed, soybeans and flaxseed and about 6 percent of the
yearly production of peanuts is needed for seed to maintain a constant
acreage from year to year. For a particular crop"in'a particular: tate







: "












8 1'^ hIib 4nbs' nt19,l part of the croIp is used as feed and
'S I ant at f-imd t wieft. owny or sold through...
mrcsn tatban SsrTt ffiMiad cnik6alpft*.e. *,In T1 Vinia and North Carolina
e asfi w. prodAlion of l 1 d 4 al per acre of eanuts picked and :
*,$thr"eshed is small because most df the peanuts are qa lE... the 'edble peanut
T"ia s. most.5ftaesl ova4ijdefthea.e gorn Belt, the 5vrgest share of the spo-
abL #arvetedd for beano his naeg sdid in;fotmer jat s'ae aeeidforeplanting
I 6 for he" ... **-t.. .

.fht e estilted yiet of oi.-and. meal from soybeans and peanuts may
too lowas an indication of 1943 yields' in Stat"iihi tois'es crops hve
not been produced in the past on a commercial soal1 for. crishfing In thess
'statelq dl e A g.;tl atn taal pe. a2ce frtqpisoybens reflect per-ascre'yields
of b ia B mainly from ha ym ariet ties, Ad yifia fro h bhbtb 'bbae'bi st aiiostly
prp w~iotion, o.peanuts on small. patches for hometihb'eI TW h~'eiel in
both de may t~i increased if fafters undertake cpfnerbial production Tor
.,,- .. .
Comparative' yields J' oil and' inel' per plantfi tidre 'vould differ
S*m.wtat from those per harvested acre. flasseed acreage planted but. not'
I3 halrve4 lA avar4ged 6.4 percent of the planted acregse -i t9-g-4j 2 -and has
.'- been o~h greater in some earlier periods. Abandahieln ot oittdi ecreage..
i*: is *litively sEgght, averaging 3*5 percent in 1938-4?. ; a'indomient of soy-
S'* a* AdlNUVge cannot be measured because it is ianpoitblw .-to: d-9tbitnguish.
''. bietwefr' the acotsge intended to be harvested for biesrs 'but -lgoved under,
: grader: or ct -for hay as a result of unfavorable gitj ing candintions and the
ao' aeage originally intendeqd to beq.ttilize&.in thc e e djs. .Sim ~arly,
Sabanadnment ofTpeanut acreage cannot be estimated b eause peanuts may be
grasze; or hogged off either as a salvage measure qr as a narual production

S........ "
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Babassu oil .............. 61 46 60. 3
Castor oil ................ 100 155 17 90 .'46
Coconut oil .....,,,,....... 347 318 111 598
Corn oil ..,...,....,.. : 158 203 248 172 1 x
Cottonseed oil **.. .,,..a '1,274 1,392 1,386 1,378 1 02
Linseed oil .....,...,...l 606 g68 960 590' 81
Olive oil, edible .........: 4 10 7 53 "
Olive oil, inedible .....,- -- 63
Olive oil foots ,..,,,,.,,,, -- 17 11
Palm-kernel oil ......., 13 f: 12 7 T
Palm oil ............,-- 181 .92 131
Peanut oil .............s 84 150 76 62 91
Perilla oil ............... 20 9
Rape oil .,,,,......,,,, --- -- -- 13 9
esam oil ................. 7 / 5
Soybean oil ................ 533 586 762 499 556 7
Tung oil ,,,...,....... 1 5 5 68 70 1
Other vegetable oils 6. ...._ 4 21 41 31
Total, vegetable ........"3 3 __3 94 3-- 34. 4.66q S- m.
Grand total ...,...,s.. 9.538 10.326 10.581 9 7815 10.988 Ll 4
Total from domestic :
Materials_ ....._ ... ,1 99388 0.3_- .
Production compiled from reports of the Bureau of the Census, Bureau of
Agricultural Economics, Food Distribution Administration, .'and Fish and Vildlift
Service, Apparent domestic disappearance computed from data on production, trade'!. '
(Bureau of the Census), and stocks (Bureau of the Census and Food Distribution
Administration), Totals computed from unroundod numbers,
Ij Preliminary, 2/ Including farm production, V/ Tentative; official estimate fdr
farm production not yet available, 3] Less than 500,000 pounds, J Includad in
other vegetable oils, 6_ Includes cashew nut shell oil, Japan wax (tallow),
mnrumaru-kernel oil, oiticica oil, sunflower oil, teaseed oil, tucum-kerael oll
Vegetable tallow, and miscellaneous vegetable oils,
; .. ...:


1AARC 1943 12 "
Table 34- Production and disappearance of speified fata kd A l'd "1I,8' '
crude basis, United States, 1940142 .

SApparent dhjil d ". .
Item P* Production I diae :di
S l inc7udi- le -
:il1. il. lb Ml il. M. l. A S1tUS .
iimal fats and oil .
Butter"7 .................. 2,240 2,268 / 2,159 2.244 -,a; gjS
Lard and rendered pork I .. ..
fat 2j ............,,,,,,a 2,343 2,282 J 2,500 1,979 lo97.- Id922S
Neat's-foot oil .........I 4 4 5 .6 :' 7 Z
Oleo oil ....... ....... 69 92 106 .69. o
Oleo stearine and oleo stock 39 50 59 37
Tallow, edible ....,,..., 79 91 ,112 80 95
Tallow, inedible, and ;
greases, excluding wool -
grease .................... 1,375 1,551 '.,740 1.. 234 : Ig
Wool grease .,,, ,.,, 10 13 15 11 6
Fish-liver oil ..,,........: 6 9 7 46 .
Fish oil ....... ......., 162 211 143 193 .a. 4'lt:.
Marine mammal oil .,,,.,, 20 1 4 .. ._ _
Total, animal -........... 636 63 = 93
TVo~ctMO+.a B fi'lo "',* '




























7,900
. 8,126

8g750


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990 .
S96
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S. 192 ,846 7,o39 9i0708o .. 7 -,
: %'' 3 6998 9,228 76-
I 5.406 .. 7- 9,048 : 8 .
S' 5,870 / 2I346 '. -1 1 : 9 3 ... 85 *

2 ",4~g35. 78 9 75 90-
i 6. 6 io0 34 j4t 96

S3 iae~a"ot of .the Bprea of te Cae.sBureau s of
l'.! altt ibtitiFlf Adinistr tiio, b.n i.sh a.nd Wildlife
S al ts. diea.ppeacoe computed ti da on prodotion, trad
f .a ,,L aedt..o .cp (B.au of the C ensue and oodo Di-ewtyrblfaiot
ll^^tAN'i i sia;( i^, e,"a % t".e.. r ".
4. *., ^, .-. ;.^ ^, ,.. ,*' EB,:
", *,4 ,. ak:, ,.

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Computed from data in,table 5,


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:


Table 6.- Potential yields of 911 and meal per havestedt a*ore
peanutt, soybeans, and flaseed., by States, and fu tbe HWia

State .
0- ottonsedgqPea taLSo bLana m ea Co ttdsashi agt
a Pounds Poua nd.s PoMC Z..- D PoZMan.
I %:

I* Y. ...a -- -- 123 ----

Pa. ....* --- 126 --
Ohio *,0..: --- 16 -- ..
S... 173-
Ill, 114 -4- IJ 267 307
Mich ... --- 142 181 .
Vise, .,. --- -- 130 215 -
Minn. ... --- -- 119 19 --- --
Iowa ... --- -- 179 227 -- --
Mo, .. ..: 148-- 110 123 398 --
8. fak, ak l.- --- 112
S, Dak. ---,- 109 171 -- --
Neb ,,, -- -- 101 161 -
Kans, *..I .45 --- 100 40 ,153 -
Del, "... -105$ : -n-
M s.... -- 10 lo--
Ta. p...0 89 291 102 : -- 256 4
W. Va, -- -- 105 -- --
w. G0.... 100 29 3 -- 209 :4
B. 0C, ... 85 189 50 251 271
a..m ..: 65 213 5 176 305
a. ..: 41 199 -- .- .113 25
r. .....: 149 -- 122 -.. 401
Tenn. .. 10o6 176 72 -- 287 294
sAlanw. ,. 64 209 45 --- 178 300
Miss. ,.: 96 14 82g- -- 245 202
4rk. ,... 99 117 96 --- 270 211
La. ..... 7 116 77 --201 210
Okla. ..,: 9 160 53 132 162 2as
Tex. ... 4 144 60 141 152 259
Mont.. -- -- 111 --
Idaho .. .-- --- 178 --
. Mex.: .t 146 218 --- 4 392
Ari ...s 121 -- -- 431 350 .*
Wash, ,, p 21 --
Oreg. *... --- -- 19 *-1+
Calif. ..1 192 359 --- 73 542 646

U S. ,.. 72 216 169 178 .206 323
U


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-Otd eg14.. o4 6....... s.... ..... : ... 2 7.-5 -64
-. ........ 19.8 .4
Gottonseed oil s-.....-......g........es:. .7g. l. ; 7. 200.9 165.8
"' ineeed a.1 ... .....*. ,....... I. .. A. 77'0 .73.6 .71.8
E114o' o k edible ............. ..... 7 -3
4 a ....... .........me ..se.....: 4 22.9 .8 1 13 6' 12.5
lSoybe an .. ...... ...... a .... o9....... .A. 92, .- '
"Othar a tale oi .......... ... -1 .25
'4. ,. I .
*and total ....... '" .. o e '.......... "0" '11M
JF. : "1
l A Indicated aropy2eaT production
Year -x
-1 e : 4 j e194 1.0 9 42-- -|i9U243 3
M1*. a I I.-Vs Mr@ir4
mal fat's and oila. '. : .
tte.-r-.lcTi-uding fra-6 ..... ....... J uly 2,1' 2,190 2,150
t: ard and renderedpork fat, ttal. ...s Oct,. ': ';7e5 2,480 2,700
E "aiblle taloov.w and_ greases, total ..: Oct. 1,732 1,800
biyuii :.a v, olea.tearina, '
9 .*leo o tbk and laep oil *.*..;.... : ';e L..i 277 280
m -t.a.i- a. a il ollz .11o ...................... Ju. y r2; .. 3:7 15 0o
S~ .iftin...e r. ...;: ..., .., ... .. Oct. .. 185 242 20
gttonsBedk1 el 4 .**kd a q 4..e** 0 :0g a i425 1,250 1i 5
lt a 1:Y. ,,.,......... 707 988 ,910
.1dJr'S E 444i V F a w A^.. A,,,,. Oct...: 1. 8 .:1
Peeant oil .......... ..............: Oct. 'i "; 174 76 ./ 1i50
oImbea oil .e.......L...........r .. ..6 707 /15 0
.. Oil s..e....................s Dec. A 5 3/ 5 6
Eampiled from reports of the Bureau of the Census and the Department of Agriculture.
.ethbly reports do not show total production of butter, lard, inedible tallow, and.
,greases*
ased on aobt rent iee indications; subject to change.. 2/ Revised. Includes
.. troa&sperted flaxseede





MACM 1943 -1 18 ,

Table 8.- aaotofy and warehouse stocks of specified. fats-and. oils, ert4
basis, January 31, 1942343, November 30 and Doeember 31, 1942
-_--

Jan. 31, Jan. 31 -- -- 4 ---
Item 1941 1942 Nob, 30 Z ie.o 31; J;an.
3 Million Million XMilion Million M=Alvio
Sounds jaounds.. untds Wmponal LA .
nimnal fo& and oil *..,.
Butter_................... .....a 30 4.. -3 46 5: I
Lard and rendered pork fat .,61 307T 29 57T IP 1
Greases, excluding wool grease .3 ,A, NTL. 100 .i...
Neat's-foot oil .,,......*. ,*s 3 2
Oleo oil *........,,,,,,,*,.** 3 ;
Stearine, animal,, edible .,,, 3 .... 3
Tallow, edible .....t,,,,,,,, -6 6
Tallow, inedible ...,..., w 215 .? '7.
Wool grease ,,,.,,,,,,,,,,,,,*t 5 |
Cod and cod-liver oil ...,,,,,. e a 9 '
Other fish-liver oil ,,,,,,, ..... 2 2
Fish oil ,...,..... .....', 137 3, ***
Marine mammal oil .n ,...... 6o .
Total, animal ., **_ 67
. _ege _ble oils. c aru_ basis/
Babassu oil ...........,,. .. .A,. N.A 12 -.. 13
Castor oil *..*..,*....* .....**3 22 21 22
Coconut oil **********. .,. .
Corn oil .................,. 33 .3 3
Cottonseed oil ............... 696 526 432 4.0 506
Linseed oil .....,,N,.....,,,,. t.A. .A. 291 2
Oiticica oil ......,o ....... n ," g
Olive oil, edible ..,.,....... ... I 6
Olive oil, inedible and foots e. 12 11 11
Palm-krnel oil.............. 1 1 1 .
Pal.8 oil ,....,,..... .,.,. r 88 85 83
Peanut oil ...,.,,, ,.,.,..,,, n 21 26 30
Porilla oil .......... ........ 2 2
Ikpe oil *.. ,,*,,*,*,*,.., 16 2
Soybean-oil ****..... ** ***3 117 l4
Tuig oil *..................... ** 30 29
Other vegetable oils *,.,,.,, j ___ ___ 26
Tbtal, vegetable ,....,,,.,,, .1,262 "J
Grand total .,,,,,,,*.,., .. n 1,909 2,001 2,022

Compiled fr6m reports of the Bureau of the Census; exc6pt butter and lard, ood
Dist zib0tion Administration, Totals compvtod from uninonded numbers,
1j Crude plus refined converted to crude.basis by dividing by the follov.$a fatoA
Babassu, corn, cottonseed, palm-kernel,. gd palm oils 0Q93; ooonut, peama and
soybean oils 0,942. .. '
2/ Refined only. Data for crude. not available,


. .4 i











4-t. *.. -
...... ... .. .... -... : _.. .... ...


1 .._ il -n, ... ., ,... ..n e
,ae I.te < jz.^w 15. O
pw o.......... ..... S short toni 72 4.4 3 44.
S 1, "imeapolima j a 1.75 2,33 6 -, .. 2 "-
te4^ # 'Aee rl1 i *; ;4 ^^ S *
.B .. g "1.52 1S2. 2.36 2.49 2,63
Stfor nuts and oil),. .
Statea'Qilt pricaVt4i10o.o r*9 aas**)W ** a u.!-r
for o01f lliveredE1 3 I, '**' *
lid :mies w,,5og,. W : *i r40.. i"*3 97; :
t .ni tet ..tates i ******. : *
*ico 84 W$rtul
7ceH Ai... .s u .al ... -.... .. ; ." .

n. of Commerce, Daily Market Record (inneapolis and reports of the Bureau of
da&S. .ctEis. :)..3s .. m ..nd. r.ir .. u o***
r iat: C<. .. -, .-, ..... "4 ; ';.
S-, to .* ..
!#. b*"l le 10.- rice per -:n of speoifled c, ]LJf ., 4lD,.rr
b. eruary ;941 and 19142, December-uebr 84,19SA '3....- '

77. a ....I ---.-





,,.,U$;,,,,,,, '",,,,,,,' ',;,,o.,90 .10 i 'a; I up.
** -l -w ollarss aeaas* llar ae
L*. .e .,40.n S50.. 5 ......
.U. n ...a. ,. .- i .i. *. i i o. .:, n >: ,.i *
Cpra.l., Io..sdgeles e ..... ,y... As4o 4 5.50.5109.~ 9,,3g 53.8.
ibttois ned meal... percent..-protein, t .. "F ii '
*.'tisU..4 *..m.is...e...m a;A,..* 2 445 319..9Q 58, 665h 3. a6 -
ttoims maallAl perceq proteizfi:- ..,, *
t #,,.. ,-..i -.. 4690o 46. 5 a5
xi.. SAL 0.10444so
.e! m!ea, 34 percent protein, s
S. ,..... ..... 28..6 .Q .. 3..Q.7.
= 3a. Iteient 6uiana g a 40 .,v4 s s ,..* .4 '.9 -
.... ....... ....... h..., 2-.90o- a, .i: r- -- a ..0
ieaNAMteal, 145iorcent pntein, r \.. ....
oi, onthoatern milt ,..... S... .69 4 3 00 3: 0.
lben meal, 4T percent grotoin1, Cicagot 26.60 00 3



.. .... .. ..... .
7.P74
R1 ..i.A ( .* : .-. **.* .-*. *
4qXrji.*41.a -I. ^ .;; : : .c ; ...f.:-: A: **..; .** A..4 1 *. l







,and materials need i-w m entatmraa, Btratd tab~ e
J january .94 19441:ad 1942, NavembeJ 4anu ar 1944.k .

-i ---- zr' Sei iS*^^
Ite ..
31.000 lb 1,000 i]Ms igai,00
d.urouctionu S
Colored ,,,,.,,,,,,,,,,,,,,4 404 424 -8,9 6
0ol.r.. *, 677** 1 677
S*TOeolored 0..............; .4. ? "
I" Cob. nlereut : ,:,.::,,,,,,,,,:,,,:I .":: ::::::: :: q ': .
Total 2 ...........0...0.,_.l 1Q
P withdrawals for *
: United States consumption ] .. 33,841 35,864 39,371 426.151 .""-
-: ... .: *
Isterials used: -: ;
SOleeo oil ......, ..s 1,788 2,2314 1,808 1225 .-'
Oleostearine .,a.,........... 227 294 350 262 a t
lard, neutral ..,.. ....,,.. 777 1,217 907 6T
SOloo stock ..,e,,....o...,.* 158 360 315 2



i;. Tallow *o*est***Te**ta*le ,,,,__.. 30
Monostearino ............ .. --- -- -
i Total, animal 2,.9Lt66 4.19

I Cottonseed oil ......... 13,451 14,427 19,126 21#0a 5 3 iE ..%
B soybean oil ......., .....: 9,460 6,906 15.937 10,597 .3
Peanut oil ......... .... 200 195. 67 22 :
Corn oil .................. 37 118 156 3
Cottonseed stearine ...,:,*. -* 6 67 42 2
Cottonseed flakes ..., ,,, -*'
S Total domestic vegetable .,I I3H1C_ fl.tEL2Z 1_M35 tZ
Cocobut oil ,...1.,.....,.... 1,281 2,146 -- .a
;.abassu oil *..5.****.***., -- 5 a a -
Palm oiln t 728 ....,r,, -
SPalm flakes *'* .-- .. ,-w -, **
p Palm-kuarnol oil .,..,., -- -*
a ,Son e oil ................ ,___-- __ __ __ --
S ,nflower oil ..... ....1 ..,.s~o _..- .
'Total, foreign vegetable ..: _l,2.1 2.9q 41
Total, fats and oils ...... 217395 .5 ?2.669-8 8 3. 7 98. 4 .
SMilk *........,.,,,.,.,a 6,227 6,11 8,169 7.290 2 j 7:
salt ........... .....,.*3 1,174 1,209 1,537 1,362 :
SDerivative of glycerin ....,.s 87 75. e 9 75 r6
i.: Lecithin 6....6..*** 77 20 32 532 T
Boa (bensoate of .6*,, 8 1 -- 16 .* 26 21 1
Vitamin concentrate **,,,****,* 2 9 7* S
Miscellaneous 9... .. -- --- -2
Total, other materials .... ,580 9.5 In 7 87sf
Total, all materials ...4.. *4975 36,111 48,669 415
tuipiled from Internal Revenue records and Internal Bovenue Bulletin,
Preliminary. 2j Total of imrounded numbors, j Zrandla& withdrawn free of 4t1
far use in Podaral institutions, and withdrawn for export.



























































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