The Fats and oils situation

MISSING IMAGE

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_00054
Classification:
lcc - HD9490.U5 A33
ddc - 380.1/41385/0973
System ID:
AA00005305:00054

Related Items

Succeeded by:
Fats and oils outlook & situation

Full Text

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B er g 9-pf*.Chioago ...................**.. ....-....4.q .r
te~r, s92-qfe 11Bw York ....................,.......:..
liararise, Tg., Chi cao ..................*....... ,
ortening oont`jHi nal fat. 1-pound -oarton. Chioago ....,
r loo .. ...................... ... .....
bt pr et s, Chiogp .............. ........
:Lard, rpe ,d polul oaronm, Chlogo ......................
Cl0eo p(i L! tie es Chioago ............................
Olaeost bbl.,-L T1 .........,................. .
TilloWr,'edible, Chiago ...................................

Carn oil, crude, tdUe f.o.b. oills .. ...............,.....
Corn oil, caibl .elrnuble druma, l...., N. Y. ...........
CottonLeed oill oiwi, tanks, f.o.b. 8.m.. mills ...............
Cotthiqedoill.p.6.y., tank cars, .....................
Peanut oil, crude, tuaks, t.o.b. mills ....... ..............
Peanut oil, refined, edible (white), drums, T. .............
Soybean oil, crude, tank cars, midweatern mlls ...............
* 8oybeun oil, edible, adru, 1..1., H. Y. .....................
Sunflower oil, seRL-refined, tank cars, f.o.b. ,. Y. ..........
Babasru oil, tank, .............................. ...
Cooonut ol, Usalls, crude, bulk, a.i.. Pacific Coast 2/ .....
Coconut oil, Ceylon, orude, bhflk, S. YJ ......................
Olive oil. Califoraia, edible, drumaW. Y. ....................
Palm oil, Congo, rude, bulk, Y. 2 ........................
Rape oil, refined, denatured, bulk, NMw Orleans ...............

Tallow, No. 1, inedible. Chicago ..............................
Grease, A Ihite, Chicago .....................................
Menhaden oil, crude, tanks, f.a.b. Baltimore .................
Sardine oil, crude, tank, acifio Coast .....................
1hale oil, refined, bleached winter, drums, N. Y. ............
Cottonseed oil foots, raw, (50B T.F.A.) delivered, Bast .......

Liaseed oil, raw, tank cars, Minnmapolim .....................
Linseed oil, raw, returnable drums, carlots, N. Y. ............
Oltiilom oil, drums, 1.e.1, f.o.b. N. 7. .....................
Tung oil, returnable drums, carlots, 1. Y. ....................


. 9.60 0P 1L0 S.:*
.,- :- 4 ." j:.4
. Q .r ;+. ... ...,::. i t .. ... .7:.-.h-b;u
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.. 112 13.3 154 ',t4
., 3.o 1.6.8 13.8 .INS
1. i6.E i. si 181.84

10.6 10.4 160.6 : ia-
9.9 ... .. l -


.. 1.0 10 13.0 *

16,3 1.3 16. ."
1.8 11.8 : i .S



1 1.1 .
S 11.0 11i8 '; 11.6
-a 14.27 1,0 15i.2
.. 14.5 4.3 l.8j

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., 11.5 11.6 118.5 11.
.S 58.0 6.7 ..... AT

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,3 8.4 6 .4 8.4
8 0.8 8.8 6.0
., 8.8 .9 8.5 .T.5
6.9 '8.9 8. :. "
.1 11.1 12.3 12.3 .
.I /2.6 3.6 3.6%.
12.9 -- 14.
. 13.6 15.1 1 5 1
2 36.2 26.2 20.2 -9.
s 39.0 3 9.0' 9.0 8


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Caster oil, No. 3, bbl., 1. Y ..................................
Castor oil. No. 1, tanks, N. ................................
Castor oil, dehydrated, tanks, N. Y ...........................
Cod-liver oil, med. U.S.P., bbl., N. Y. ............... .......... .
Cod oil, Newfoundland, drums, N, ............................ .
Glycerin, soaplye, basis 80%. drums or tanks, Y. ............


13.8 lI8i
15.0 13.0
17.7 17.7
36.5 36.5
12.0 12.0

11.6 11.6


INmI HUIBERS (1924-29 = 100)


Eight domestic
igh bt domestio


fats and oils (1910-14 2 100) ...................
fats and oils ...................................


All fats and oill (27 items) ....................................
Orouped by I
AnmS Irt. .................................................
Marine animal oils ...........................................
Vegetable oils, doiestio ......................................
Vegetable oils, foreign ......................................
Grouped by u-i
-- im .. ..................................................
Butter, seasonally adjusted .................................
I+rd .......................................................
Other food fats ........................................... .
All food fats .............................................
oap fats ....................................................
ryTag oils ...................................................
Isio1llaneous oils ...........................................
All industrial fatal sad oils ..............................


151
107

113
105
127
129
147


108
10
106
129
11Q -.
119
158
117.,
120


142
101
108

86
.132
134
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105

120
149

151
,}17
T$!


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153.0
17.7
30.6
11.5
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130
114
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Prices oqmpiled from Oil, Paint an Drug Reporter, The Natinal Prewistniqw. cauriis4 aW ?e# jbwbe.
reports or tl War Pood Administration and Bureau ofat bor statistics. Pri uis quaoitt ia~ludb: : pi ils d n is
where applicble. Indx numbers for earlier years beginning.l 190 ar giBlndi Te chnioal ;kll4z 7-l'v (1'9I
The Phs. and 011 Situatian begimlnng Decembr 1940, "
a ReBflts open market sales only. Cur-rent figure refer to all types of tiolesals trading for eta Jr oid
redit. 2 Three-ceat processing tax added toaprice as originally quoted. V C.i.., f I. I Tort. a 8p 4Pt4(4
percent ff.a., f.o.b. consuming point. / Original quotation converted to returnable druml basis1 / tqi
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Th-o iUi suppl of fats and. oils. in the Un it ed States-will be

-taly_ reuced in 1945. Production from' adme-Aiq -materials. is

t, be and 9.8 9ilo pounds, over I billion pounds less than the
lin msprodluced in 1944, principally because, of lower lard

ladt- opy'and warehoiI8e stocks of fats and oild', which In mid-1944

'0 0-I1UmAl pounds more-than a year earlier, were'reduced by January, 1,
to2,94 *0milion pounds, about the sane as a year earlier. No material
re4 imports over last year is anticipated.

tupplie of. fats and oils will be short during the next 6 months at
f or v irtaly all classes of domestic use. Productionl of domestic

le ilu ttoniseed. soybban, corn, peanut --may tofal 100 to 200

k oud p r~e9in 1945 that in 1944, mainly as a result of an increased,

&lof= Ootns4e from; the 1944 cropi- at: this, increase will be more

_4etM afL-t li eerea es in output of lard and butter, aggregating about
10i0lb poft 's rdci of domestic coap fats is% expected to tie'aboudt
xon si ess th g n 1 44 O tp t -fpaint a nd& vam ish oils fro :,
pon leR@N t.i4.'Oujt '



st '-3trp- Wl.,. w h .bMliA 1nd 6% ha' at- a






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lniitary demands at present are navy, ootn rar tne expanedb..il.itary p.mlp "
and for relief distribution in areas under military jur itdi'ottAn Requfij~tei l...
for lend-lease and other exports, including exports to liberated countrip*t ':
continue Large. With national income now at the highest level in thd natdeib Y
history, civilians would consume larger quantities thar will'be availabl.eRE-# *'.
civilian use. Prices of most fats and oils probably will remain at ce~ioing.
levels through the summer at least. : '

The increasing stringency in supplies of fats and oils is refletoe '
in recent Government regulations to aid war procurement.. Msantfaetureyrq' -
quotas of fats and oils to be .used in civilian paint., varnish,; iroafo ad
oilcloth were reduced nearly 30 percent for the first quarter.df '1941i5.
the 1944 level (from 70 to 50 percent of base-period use). Use in cnivX~~i
soap was reduced about 5 percent. Beginning January 22, over 60 percent p o' :
the lard produced in federally inspected plants was required to be set:.aide
for purchase by Government agencies. -Also, 20 percent of February out"pe of. "
creamery butter and 25 percent of the March output are reserved for thlib':eiAe
purpose. .

According to preliminary estimates, domestic disappearance of fa.t s...,.
oil products in 1944 was over 10.3 billion pounds (in terms of fat conte'),
about 400 million pounds more than in 1943. The major factor in this.i.n..'
crease was expanded production of soap for the military, with some tnorpie
for civilians. There was also increased military procurement. f food .
.Civilian consumption of food fats was reduced about 1 pound per capital
1944 from the 1943 level. If exports, including military shipments faiie11Sf,
continue large in 1945 domestic disappearance of all fats and oils proaly
will be reduced 5 tp-10 percent because of the smaller t t.l supply.yfiftsi
available.

-- February 21, 19 -

OUTLOOK

Civilian Supply of Butter Reduced
,.. :t.t:
Output of creamery butter in January was about 5 percent less tbheSf
year earlier, and preliminary reports indicate that February..produet.i,$. ~ s
is somewhat reduced from a year earlier. Total output of creamery b t~til
for the January-March quarter this year may be around 315 million poiu : .. .
compared vrith 335 million pounds in January-March 1944. Twenty .percent 'bi t
February output and 25 percent of March utput this year are set..aside l .
sale to Government agencies. There was no set-aside in 1944 until April*"

Supplies of Lard for Civilians Down
Sharply from October-December Pepk ..

Use of lard and rendered pork .fat in the United States in. October. ..
December was at a high le-vel. Exclusive of use in soap, disappearance.-t
civilian channels in that quarter is estimated to have been. at lea&- asa,.)tli i
as the previous peak use, in October-December 1943. With productin"'Silt :"::I
than a year earlier and exports continuing large, factory and warehouse a ,i
of lard were reduced during the quarter from 519 million pounds to 374 milfp


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Production of fatsand oils was at a new peak in. the fire "
1944, but. declined in the second half.. October-.,)edembper pi'B
smaller than, in the corresponding months both in 1942-.ad a n 'itiL.
decline in late 1944 was largely due to a reduced output of.-l i
a substantial. reduction' in the ,944 pig crop; tp a Alminft le
seed oil, .resulting froin a 55 percent reduction in the doieasti
flaxseed and small imports of flaxseed in the-latter half oft
a delay in marketing and processing the. 1944 crop of ctto;see0s
duction in output of cottonseed oil in late 1944.,probably will.
matched by an increase in early,1945,. since the 1944 .crop of.o.o
moderately larger than a year earlier. But production of lard anda.
oil is expected to remain at a reduced level at least until next

'Pringipal increases in production in 1944 wer&'in inedible.tq
greases (293 million pounds):lard and rendered pork fat (189 Tili.
and castor oil .(45 million pounds). These increases were largely
.deO.ease's of 204 million pounds in production of. butter ($acl1idf';
farm production), 180 million pownd in output of cottqns ed pii
million pounds in production of edible tallow, oleo oil, and lepst-
Domestic Disappearance'Increased in 1944;
Reduction. Rk'pected in'19 .

Disappearance of fats and-oils in the United Std'a ira1.' 94 ih
civilian and military use, including use by the armed fo ces bvpvrsee
approximately i0,315 million pounds, in terms of fat'.conimet, cooat
9,923 million pounds: in 1943. (Table 8;$ In'addition, .;.about' 120 i
pounds of fats and oils,-were used in making margarine I r toinga i ,
for export. In peacetime years exports and shipments o~ the :manuaf
products were relatively- snal. During the var years, h however, l;~i
exports of margarine aAd short enig. have been substantial, amnount-
around 150 million pounds (fat content) in 1943 and 75 million pouM

Principal increases over 1943. in use of fits an& i s 'wero. *
tallow and greases (up '3 million pounds), sa ,'.1la .ad re.i.e

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gtocqp of fatft,:atcl oilip"-Iift+
A 44 9 tcv,aled 2,140,,inilliaA q 'ttiuda
4. Wn Qlarl I ar 'but, 10I mil 1 i m I east
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'War opod Adtinistratih .aptrch see of f-aj a8: F a&
including margarine and soap in. terits of .at eoitstfl4O*;We i
pounds compared' with 'a monthly average of ,109 i l,; ia
principal itemfls purchased wte 17 millionn oainti.- 4ea; ard;
.at aid 9 million pound& (fat content) of.marg ne,
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Purchases of .iard and rendered& prk.f*.t fr .pmeo
t6taled 9 million pounds. A derally AhtBpetetd pl We.P
aside over 60 -percent of their lard output for Governmep
this period. However, WI and military purchases 8ppaea3,
full quantities required to be set aside by prod,4uer.s -


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bulk package soap,.used mostly by hotels, restaurants, amu4
reduced'"from -110 percent to.9P. .pe.cent of.; aVertge ie tit
fate and oils: quota for package and bAr sokp, ..langel t..
was. reduced from 90- to;85 percent -of, baseperidA .aS. t1I
quo'tak for all types. of civil in soap :ow av.erae1 7 pet' eit
previouS level, in effect since September 1943t* f'oweer,-,lbe
apparently were not.operating at the full quota level faT h i..
in 1944,. and becatae of the provisions i:-k reegard .ko:,
'In civilian soap, the,actaal' reduction in uslawe f ,t
'Yor the first. quarter of 1945 .i about 5 pe-fentwb s t
Sof rosin *available this year tha.n last. map 3elt is.
duction in'total- sapr-mking materials. Iosins iut :Mie
And oils order. *- .

Manufacturers' quotas otftfate and. ols todb a '.
oilcloth, and .linoleum 'for- oiv'ilians- i t ih.i
duced from 70 to 50 percent of average use in 11:aA ~ti"
to War Food Order 42a, issued January 24. Qpotas for Jan usa'
been placed at 60 peftent of base-period use (reported in t
Oils Situation). The further reduction was made because of' "':i4
tary requirements for linseed oil in 1945, and bsee ae of a
prospective supplied of flaxseed. An increased domeaesti
seed in 1945 is antiAipated ifr favo ie. r 'bo i.u t-t .
crop will not be available until early fal l
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IaIIow, ineailie, ana greases,; ..
excluding wool grease .......: 1,7 2 1,650 19.43 1 5::!
Wool grease ...............; 15 15 7 '
Fish-liver oil ...............: 10 9 11 5 -
Fish oil .... ............. ...; 148 'i g 4/204, 1
Marine mammal oil ..........: 5 5/ '.
Total, animal an&a marine...:: 14936 7...16
Vegetable oils : -
Babassu oil' ........,,.....; 3 1 17 '9
Castor oil .' ............. : 147 121 166 15 i5 '
Coconut oil ..................: 111 143 1328
Corn oil .....................: 248 239 211 A?:.63,:' ""
"Cottonseed oil ...............; 1,386 1,313 1.133 40I:'i:
Linseed oil ............ ..... 960 917 937 83-
Oiticica oil ...,. ..,.......: / 61/ ,.:
Olive oil, edible .,....,....: '7 10 .6 "15) "
Olive oil, inedible ,..o,........ / -- 1
Olive oil foots ............. -
Palm-kernel oils ,,j ...,....: 6/ 6/ .' .
Palm oil .... ...... ....,. ,: -
Peanut oil ..............,,,, 77 152 :111 "
Perilla oil ...,,,...........,: 6/ 6 6.'
Rape 61l ................ .... .,,: ---. --- -J .
Sesame oil ......... ....,.-,. 66 6 / -. *1 i i
Soybean oil ................: 72 1,234 1,23 711
Tung oil ........... ....,; 2 5. 2 1 Y
Other vegetable oils 8/ ..,,,.; 12 12 .2g
Total vegetable ,......k...1 34 4.163 3. ..5.
Grand total .,....,.... : 10.540 1 11.3l4 1036 9 .iO.i
Total from domestic ...,. '
materials ...,.....,. .":; .9,983 10,53 10 ,867 ...
Production couipiled from reports of the Bureau of the COenaf, B
tural Economies, War Food Administration, and Fish and ifiliUfe :8
domestic disappearance computed from data on production, ...tid (ta it':
Census), and stocks (Bureau of the Census and War Food A&nia.st.tratip a
computed from unrounded number,
S/ Preliminary 2/ Including farm production 1/ Tentative; officiaL.:s.
for farm production not yet available, N Estimate, j/ Lese tbn--
6/ Included in other vegetable-oils, 1/ Includes palm-kernel oil
kernel oil, ouricuri-kernel oil, and tucum-kernel oil. sJ/ IncTaludes
shell oil, Japan wax (tallow), sunflower oil, teaseed oil,, vegetable .
minor domestic vegetable oils, such as .musterdseed and walnut oitLt











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;eamery, butt er ..,., ,..
Inspected lord, and renderdor'
Oleo, 011 ..., .t

Edible tallow ,...,, .
t al eaibl e aiimal :f'ats a

Corn oil ... .. .,, .,. .
Cottonseed oil t.....,,, -.. 176 4 1 0
Oli011 edible ......**,
-Peanut oil *4.: .. ... .. 1-7.,
Soyb4ax oil q........4.. .... J
Toti al ediblef_ vegetable' oilp ., 7_

SoMp Cato adoils:
TOllow% inedible ,,..-....\.. 8.
e.a s a.in wolgeset.,,. 55 '3 50,0 8


Total'... ... .1-..5...2. .2.,.0

Ilyjilg 'and miscellanious oild
linsded oil ..'.....;.....: 9.0 541
chstor 4l ....,,..,...., 611 aB. 5
Reatt s-foot oil ... ..i. .e 2 ,
Wool grease ..... .. ... ,.. 1.6
Vi sh liver oil ....... ..; 10 0
Other vegetable oil s ..1..1.4..y, 2' o
Total ..1.. ...1....,. 7772

-Grand total ....... ...,
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Soap fats and oils .
Greases, excluding wool grease 103.3.
Tallow, inedible ............: 1975.
Palm oil ...............: 86.
S ." ish oil "..;;.' -.;. ".'... ..: 141.3
Marine maaimil '.... .....: 596
Ul- ine oi,' .inedible a.,'...., 11: 5;
. .oalo.w-laltherg Oi .": 600.
S Babais esui o0il .;.. ...: 10.4X
Coconut oil ..............: 14l.
.. Palm-kernel '61 2/ ..i..g.. ... .: '1.
Total raauric aoid'oils ... e153.6
Drying oils :
.Castor oil, dehydrated 6- .: 5.6
S Linseed ofil "..... ; .......: .297.2. .
SOitiicica oil' ............ : .6.
Perilla oil ...............: : 2.3
.Tung oil .......,........ .6
Total-drying oils ......:~ .3i4.3,
Other industrial :
Neat's-foot oil .............: 2.6
Wool grease .................: .6
God an-d cod-liver oil .......: 12.6
Other fish-liver oil.........: 2.2
Castor-oil, -No. 1 and No. 3 .' 1i2.0
Rape oil ........,...........: 22.0
Other vegetable oils J/ ...... 30.5
Total .................... 6.5


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*o Grahd total ... .... .:... 2017.8 2159
Compiled from-reports of the Bureau of the Census; except tter,
tration. Grand total computed from munrounded0 ambear. onies ast
government in reported pqiome. '" .
if Cold-storage stocks. '2- rde lus re.fin.d conve te t'.
ing by 0.93. 3/ Crude plus refined coovertied .t crU-e.,b W1d
Not shown to avoid disclosure of individual opeatitot. I &:'
SConverted to crude basis by dividing by 0,88. ./ nslde
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