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_00057
Classification:
lcc - HD9490.U5 A33
ddc - 380.1/41385/0973
System ID:
AA00005305:00057

Related Items

Succeeded by:
Fats and oils outlook & situation

Full Text







S--I S IT U AT I QN
BUREAU OF AGRICULTURAL ECONOMICS
UN : ITUED STATES DEPARTMENT OF AGRICULTURE



1943 OUTLOOK ISSUE

00lJ ACTION OF ANIMAL FATS AND VEGETABLE OIL
:.. ..i:DOMESTIC MATERIALS, UNITED STATES,1912-43


S. ....91.2 1916 1920 1924 1928 1932 1936 1940 1944
.. ....:":. DATA FOR 1942 ARE PRELIMINARY. 1943 ARE ESTIMATED
i m. .iENi OF AGRICULTURE NEG. 42653 BUREAU OF AGRICULTURAL ECONOMICS

Si!.:'i:!:! THE RECORD 1942 CROP OF OILSEEDS AND THE RISING OUTPUT OF LIVESTOCK PRO-
Ip i.OiCTS WILL BE REFLECTED IN FURTHER SUBSTANTIAL INCREASES IN PRODUCTION OF FATS
;b OILS-FROM DOMESTIC MATERIALS IN 1942 AND 1943. IN 1943 PRODUCTION FROM
:St'i u. ;:IbliIC MATERIALS MAY REACH 12 BILLION POUNDS, COMPARED WITH 10.6 BILLION
p~:; ci .. O N 1942 AND 9.4 BILLION POUNDS IN 1941. VEGETABLE OILS HAVE CONSTITUTED
I;; IMOdtASING PROPORTION OF TOTAL PRODUCTION IN RECENT YEARS. DURING 1942 THE
L" UITED STATES SHIFTED FROM A NET IMPORTING TO A NET EXPORTING BASIS FOR FATS
SAND OILS.





I "


Table I.- Wholesale price per pound of fats and oill at apecifLed marstta, and index
numbers of prices, September 1910 and 1941, July-September 1942
PBTICS


:i Septemher I 1
It9m : 1941 : July : AM


Butter, 92-score, Chicago ........................................
Butter, '9-score, 'ew York ........................................
Oleomaararine, dam. veg., Chicaro ................................,:
Corapo-inc (animal and veg. cooking fats), Chicago .................:
Larl, loose, Chicgo ..........................................
Lard, priise stoam, tierces, Chicago ..............................:
Lar3. refined, cartons, Chicago ..................................:
Oleo oil, extra, tierces, Chica o ..................................
Cleoctearlne, bbl., N.Y. ..........................................
Tallow, edible, Chicaro .........................................

Corn oil, crude, tanks, f.o.h. mUils .............................:
Ccrn oil, refined, bbl., N.Y. .....................................
Cottonseed oiU, crude, LanKs, f.o.b. S. E. mills .................:
Cottonseed oil, p.s.y., tank cars, N.Y. ...........................:
Peanut oil, crude, tanks, f.o.b. mills ...........................:
Peanut oil, -oi. refined, bbl., N.Y. ..............................
Soybean oil, crude, tank cars, midwestern mlUls ...................:
Soybean oil, dom., crude, aruns, N.Y. .............................
Soybean oil, refined, drums, N.Y. ................................:

Babassu oil, tanks, f.o.b. mills, Pacific Coast ...................
Coconut oil, Manila, crude, tanks, r.o.b. Pacific Coast / ........:
Coconut oil, Manila, crude, bulK, c.i.f. N.Y. / ..................:
Coconut oil, Manila, refined, edible, tank cars, f.o.b. N.Y. / ...:
Olive oil, edible, drums, N.Y. ....................................
Olive oil, inedible, drums, N.Y. ...................................
Olive-oil foots, prims, dru r, N.v. ................................
Palm oil, Niger, crude, drums, N.Y. 1/ ...........................:
Rape oil, refined, denatured, drums, N.Y. .........................:
Rape oil, blown, drums, N.Y. .....................................:
Sunflower oil, Lank cars, f.o.b. N.Y. .............................:
Teuseed oil crude, arums, N.Y. ...................................:

Tallow, No. 1, Inedible, Chicano ..................................
grease, A whitee Chicago ..........................................
tenhlden oil, crude, tanks, f.o.b. Baltimore ......................:
Sardine oil, crude, tanks, Pacific Coast ..........................:
halee oil, rfirte.i, bleached winter, nrums, N.Y. ..................:

Lin..,*l oil, raw, Ltn.< cars, 'iLnneapolis ..........................:
L s-,'' oil, raw, irurms, carlots, N.Y. ...........................:
i-r l.Lr oil, crmil Irums, I.Y. ................ .................:
C.'. cil :-l, 1iru36, ?!.Y. .........................................
-' f. i : '..Y. .........................................

Cqstor oil, No. ), hbl., P.Y. ....................................:
Cistor oil, Tio. 1, Lainks, N.Y. ....................................:
Castor oil, dehydrated, drums, carlots, .T. .......................:
Co'-liver oil, med. L.S..-. bbl., T:.Y. .............................
Cod oil, Neafoundland, orums, r:.Y. ................................:


Cents

28.5
14.5
8.8
5.1
4.8
6.5
7.0
5.7
4.3

5.2
7.8
L.8
5.6
5.2
8.4
3.9
5.5
6.9


5.3
5.8

34.8
23.2
8.9
6.5
15.0
17.5

12.8

3.5
3.6


9.5

7.7
8.5
17.b
19.0
26.3

10.8
10.5
13.6
31.5
8.0


INDEC NUiBERS (1924-29 100)
Eight domestic fatLs ar. oils (1910-11 100) ......................: 79 124 133 139 143
Eil.L dsomeitic rats u oils ........................... ..........: 56 88 94 98 201

All fats and oils (27 ites) ....................................... 61 96 101 105 107
Grouped y or uin:
Animal fats ............................................... 1 57 84 89 95 99
'Jarne arumal oils .............................................. 86 117 127 127 127
Vegetable oils, naomen-.e ........................................ 58 122 129 128 126
Vegetable oLLs, foreign ........................................... 86 1.2 148 147 145
Grouped b use:
Butter ..................................................... 63 83 86 93 98
Sutter, seasonally aaJisted .....................................: 62 82 92 96 97
Lard ........................................................... 37 82 97 96 9
Other food fats ................................................. 62 135 136 135 132
AUl food fats ................................................ 59 92 96 101 104
Soap ats ................................................................... 56 116 120 119 119
Drying oils ..................................................... 86 116 136 135 134
Ulscellaneous oll .............................................. 91 03 116 117 117
All industrial fats and oils ............. .....................: 70 115 126 12 125
Prices compiled from 0il, Paint and Drug Reporter, The National Provisioner, The Journal of C ( rk), d
reports of the Agricultural Marketing Administration and Bureau of Labor Statistics. Prices quoted include aoliec
taxes and duties where apolicable. Index numbers for earlier years beginning 1910 are given in Technical BUlletin
No. 737 (19LO) Man The kFts and Oils Situation beginning December 1940.
jL Three-cent processing tax added Lo price as originally quoted. 2/ Tanks, N.Y. / Quoted in drume.


Cent
5W-r
36.9
16.5
15.9
10.6
10.7
12.4
10.5
9.8
9.0

12.4
15.6
12.2
13.6
12.7
15.8
10.5
12.1
13.2

9.5
9.6
/ 10.5

71.7
52.3
17.0
11.2
15.6
17.5

26.2

8.5
8.6
7.8
8.0
11.0

10.3
11.4
22.6
22.2
35.5

11.8
11.0
16.5
38.0
10.5


Centa

38.2
19.0
17.0
11.9
12.8
14.5
13.0
10.5
9.9

12.7
15.5
12.8
14.0
12.9
17.0
11.2
12.8
14.2


10.8


61.6
56.7
19.5
12.1
15.8
18.2

30.0

8.4
9.0
8.9
8.9
11.1

12.6
13.8
24.6
25.1
39.6

13.8
13.0
18.6
36.4
12.0


Centse Mnt

41.4 43.9
19.0 19.0
17.0 17.0
U.9 11.9
12.9 12.9
14.5 14.5
13.0
10.5 10.5
9.9 -

12.8 12.8
15.5 15.5
12.8 12.8
13.9 13.6
12.9 13.0
17.0 17.0
11.4 11.7
13.0 13.0
14.2 14.2


11.0 11.0
11.4 11.4
/ 12.8 12i.
60.4 56.7
55.5 51.7
19.4 19.0
12.1 12.1
16.0 16.0
18.2 18.2
/ 14.3 3/ U4.3
30.0 30.0

8.4 -
8.8 8.8
8.9 8.8
8.9 8.9
11.1 11.1

12.5 12.2
13.6 13.5
24.5 24.5
25.0 25.0
39.0 39.0

13.8 13.8
13.0 13.0
18.6 18.6
36.4 36.4
12.0 12.0















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FLAXSEED: PRODUCTION, CRUSHING, AND
PRICE. UNITED STATES. 1920-42
BUSHELS --
I MILLIONS
Grushings \A
A T

4\ I
I


30 A -

20 --- A-- ---- -\ --------@----^ --
I %t
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Production


0 .._I1 I I I I I I II
DOLLARS
PER
BUSHEL
B Price received by farmers











0 II II I I I I I I I I I I I
1920 1923 1926 1929 1932 1935 1938 1941
YEAR BEGINNING JULY
a DATA FROM BUREAU OF THE CENSUS ESTIMATE f PRODUCTION INDICATED SEPTEMBER I


U 5 DEPARTMENT Or AGRICULTURE


NEG 38617 BUREAU OF AGRICULTURAL ECONOMICS


FIGURE 2.- PRODUCTION OF FLAXSEED WAS ABOUT 35 PERCENT GREATER IN
1942 THAN IN 1941, THE PREVIOUS PEAK YEAR. WITH GOVERNMENT SUPPORT
MEASURES, THE AVERAGE PRICE TO FARMERS FOR 1942-CROP FLAXSEED PROBABLY
WILL BE ABOUT 25 PERCENT ABOVE THE AVERAGE PRICE FOR THE SMALLER 1941
CROP. CRUSHINGS OF FLAXSEED IN 1941-42 REACHED A RECORD LEVEL OF 51
MILLION BUSHELS, REFLECTING MAINLY A HIGH RATE OF BUILDING ACTIVITY.
IN 1942-43, CRUSHINGS MAY BE SOMEWHAT LESS. DOMESTIC FLAXSEED WILL
CONSTITUTE A GREATER PROPORTION OF THE TOTAL CRUSH THAN IN ANY RECENT
YEAR.


1944








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