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_00073
Classification:
lcc - HD9490.U5 A33
ddc - 380.1/41385/0973
System ID:
AA00005305:00074

Related Items

Succeeded by:
Fats and oils outlook & situation

Full Text
-'.: -.I


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGnicuLTuRAt Econounce

Wasua cronOCTOBER 14, 1938



THE FATS A ND 0LS SIU f
-- ** .. .. .. -. .. .. mm mm


FOS-20


AVERAGE WHOLESALE PRICES OF REFINED LARD AND L1
AT CHICAGO AND COTTONSEED OIL AT NEW YORK. 11


IAN JULY .dAN. ~ JUL JAL .I Y .I. JULr JaN. JUL .IA .RL JalC JULf Y1ge.YL JU LY J I. Jk JAIL
1930 1931 1932 1933 1934 1935 1936 1937 1938
litDEAATME~m OFAGAICULTURE 4EG sesog-a gutr.Au ara Inful.U MMUL ologati


THE MARTIN OF REFINED LARD OVER VEGETABLE COOKING FATS

AVERAGED 2 CENTS PER POUND DURING THE 1935.CALENDAR YEAR-

WHEN LARD SUPPLIES WERE UNUSUALLY LOW THE PRICES WERE

PRACTICALLY TOGETHER IN 1936 AND 1937. BUT DURING THE

FIRST THREE QUARTERS OF 1938, PRICES OF VEGETABLE COOKING

FATS HAVE AVERAGED MORE THAN A HALF CENT HIGHER THAN PRICES

OF REFINED LARD AT CHICACO. LAno PRICEs IN SEPTEMBER 1938

WERE THE LOWEST FOR ANY MONTH IN 4 YEARS.
























































Future s.
Quoted as "Atlantic Coast".
Converted to U.S. cents per pound at
Preliminary,


current monthly rates of exchange,


:19_37 :


r05-20


-2 -


Table 1.-Price per pound of specified fats


and oils, August-September, 1937-38


198
Sept.
Cents

26.25
16.00
,n 7.82n
g.91
10.25
5 5.25
6.48

7.96
10.62
1 10.33
9.38
7.88

S9.88
25.oo
7.50

72.91
5.15
S4.88
3.63
7.25
S3.65n
n 6.38~n
S3.73

S8.10
13,12
10.19
5.20
4,00


4/3.83

4/3.54
4/2.90
~4.07
4_4.66


Fat or oil


Aug .
Ce'nts

32.77
15.50
11,26
13.00
12.25
7.06
7.05n
8.00
103.42
11.75n
12.g88
12.88
9.60


Sept.
Cents :

34.98 :
15.20 :
10.97 :
13.05 :
11.05 :
6.62 :
6.22n:
7.40 :
10.05 :
11.00n:
12.73 :
13.00 :
8.88 :

10.34 :
32.00n:
9.38 :

4.22n:
6.59 :
6.75 :
4.81 :
10.75n:
4.81n:
1/7.59 :
4,80 :

10.ho :
2/21.25 :
13.62n:
6.22 :
4.92n:


Aug,
Cents

26.25


e.97
10.55
5 2F

8.10

10.62
10.33

8.25

10.38
25.oo
7.95

2.97
5.12
4.94
3.73
7.66
3.78
6.38
3.95

7.90
14.oo
10.72
5,67
4.00


4.17
4/1.3!
3.66
3.ok
4.23
5.74


Domestic prices-
Butter, r92 score, N. Y.
01eomajrgarine, domestic vegetable, Chicagio
Lard, prime steam, Chicago
Lard refined, Chicago
Lard compound, Chicary
Coconut oil, edible, II. Y.
Cottonseed oil, crude, fob S.E. mills
Cottonseed oil, prime summer yellow,N. Y.
Soybean oil, refined, Na.Y.
Peanut oil, domestic refinci, N.Y.
Rape oil, refined, N.Y.
01eo oil, No. 1, U,.Y.
01eostearine, barrels, N.Y.

Corn oil, refined, N.Y.
Olive oil, edible, NI.Y.
Teaseed oil, crude, NI.Y.

Coconut oil, crude, Pacific Coast
Tallow, inedible, Chicago ~
Grease, house, N.Y.
Palm oil, crude, N.Y.
Illive oil, foots, barrels, N'.Y.
PalmI-kernel oil, delnatured, N.,Y.
Babassu oil, tanks, N.Y.
Sardine oil, tanks, Pacific Coast

Linseed oil, raw, M~inneapolis
Tung oil, drums, N.Y.
Perilla oil, drums, N.Y.
Soybean oil, crude, fob mills
Manhaden oil, crude, fob Baltimore

Foreign prices- 1/
Cotton oil, crude, naked, Hall
Copra, Resecada~, Philippine Islands
Palm-kernel oil, crude, Rull
Whale oil, crude No. 1, Rotterdam
Tallow, beef, fair-fine, London
Linseed oil, naked, Hull


: 1.94
: 2.00n
:9.JS

:4.48
:7.52
1 7.56
:5.31n
:11.12n
:5.31
:lf 8.19
:5,33

:10.55
:2/14.32
:12.12
:6.47
:5.33n


6.01
2.16
5.53
4.56
5.71
6.75


4.98
1.87
5.ok
4.25
5.ho
6.69







FnS-20


T HE FAT S ANraD IiIL SsI T.U A T IO



The tortl ovailablet supply of all ,dible fats and oils, both vege-

table and animal, for 1938-33 will not be much, if cny, smaller than lalst

yearse large supply, the Baro~u of Agricultural Economics re~ports.

Domestic production of ve~getable oils (excluding linseed oil) will
be smaller in 1938-'9 than last yer. Present indications 'are for production

of from 10j00 rand 1,400 million pounds of cottonseed oil from the current

crop of cottonseed, compared with 1,96c6 million pounds in 1937-38. A p'ro-

duction of around 300 million pounds of soyb-een oil is expected, compared

with approximately 2160 million pounds Inst year. So~me increases in production

of corn, peanut, and other minor odible oils also may occur, but these

probable increases in proinction, together with stocks of vegetable oils

about j00 million pounds larger than Inst year, will not be sufficient to

balance the large expected decrease in cottonseed oil production. Supplies

of imported coconut oil and palm oil are plentiful and pFricca are low.

Another important element in the supply picture, however, is the

probable expansion in the production of lard. For the year beginning

October 1, 1938, production of federally inspctcd lard is expected to be

from 10 to 15 percent larger tha~n in 1937-38. Exports probably w~ill increase

somewhat. The increased production mill be a reflection of the increase in

hog slaughter which in turn reflects the la~ger feed crops in 1937 and 1938.

If feed grain production continues ncrr the 1938 level, the trend in hog pro-

duction will be upwari in the next few years, and lard production doubtless

m ill increase further.





- 4-


FC:'S-20


REVIEQI OF RECENT DEVE'LORI.:ENTS IN C"OMPOUN!DS .IN~D VEGETABLE CO.CKTING PATS

BAC'Y.GROUITU~ In t~h~ :14 years 1920-33, la~rd production was
very high, averaging 2,318 million pounds annually.
Throughout this period lard consumptice was materially
above causumption of compounds and vegetable cooking fats
(see thbleC 6), but with the exception cf the 4 years
1921-24 exports of lard were considerably less than the
domestic consumption of cooking fats other than lard. The
total per capital consump~tion of lard and vegetable cooking
fatal does nct appear. to vary greatly from year to year.
The low lard production of 1974-37 was accompanied by a
.shift in the relative proportions of lard and vegetable
shortenings used. O~f the total, lar~d supplied 64.7 percent
in 1933, dropped.to,57.4 percent in 13j4, only 43.8 percent
in 1935, rand 47.9 percent in 1936, and again dropped back
about 2 points, 46 percent, in 1937.

Froduction and consumption of compounds and vege-
table cooking fats remained r;t just ovver o~ne and one-half
billion pounds inl the 3 years 1935-37. Production for the
first 6 rro~nths of' 1928 is at, practically the same level.

For the 15 years 1420l-34, exports of compounds and
vegetable cooking felts fr m~ the United States weri negli-
gibl,. Beginning with 1935 the United States has 'een a
not impJortaJr of compounds and v;-gEtable cooking fats, with
relatively unimprortanut cmounts coming in from the Philippine
Islands. Lard exports have been extremely low since 1934.

La 1935 wrhen lard supplies were at their lowest, the
marrgin of the price of refined lard over vegetable cooking
fats was as wide as 3 and 4 cents per pound in some months
and averaged 2 cents per pound for the calendar year. In
1986 and 1937 prices cf the two commnodities wera practically
together, but during the first three-quarters of 1938 prices
olf vegetable cooking fats hanve averageed more than half a
cent higher than prices of refined lard at Chicago. See
FOS-11 (Jan.1398) for a more detalled discussica of com-
pounds and vegetable cooking fats.

Price of lard low and prcductio~n increasing

The price of lard was lower in Septembe-r 19E8 th-an in any month of
the preceding 4 :ears. Preductio~n in the cominge season is expected to in-
crease by 10 to 15 percent over last season. Furthermore, this upward swing
probably will continue for more than one seaso~n. Thus, even though exports
increase, the competition With vegetable cooking fats may be markedly greater
than it has been in the past 3 or 4 years.






F IS- 20


Supt~lies 2f vr:~geitable: oils Flentiful

Supn"lihr of m:.tlrials u~sed in: t:.r.:.anufa':cture: of vcgetajble cooking:
fats are expected to be pll.ntiftJ during thr comingg season even though the
total is smaller th~-ar n lat yeiar COtton.seed nil ~usually ~furnishes 7O to
8- rm.rcont: of thez fatsc u~s~d. Sayrboan - urnial fats 5 to 12 1orceant, ;ni im-crte~cd oils suplyS thi; bajslace.

FPor the paSt 12 months, Octobe~~r 1937 Septtmber 1938, theci price of
cannounds aind, va~istalc. cooking fats at C~icago has averagedF3 10.3 cents pter
Dound wrhic~h is lowe~r :haln at ar.y ti:.14 inci. October 1934,

Prob-bl. production of c-ottonEs.cd oil from the 1938 crop of sead, plus
a vir.7 largc. eor~ry~-over of oil., will Drovidt. as much cottonsee-d oil as the
avera~e: amount consumed:~ in theb 5 .yearTs 1'932-36,l and Ileavel stocks lower but
not seriouslZ dinlte.tl.d.

Uniltocnsiced cil -vices, Drir.r. cr n-.r y=.110w at ITew Yorkr, averaiged 8,2
counts per pound in tht F months r3,ch August 1938, com?.;ri.d with 7.5 esnes
in the months Augulst. 197- Frebruar: 193i, and orsices in both thvsL pefriods
.irc. lowe~r than ait any~ time~ since 1936.

A consid=-Fr,-able- inicrr.asc.d saymaln oil prold-uction is in prospect, that
is, prodluctioin will pro~babl: br.;round jT00~ million pounds comparerid with an
anproximaite production. ofT 2601 million pround.s this 9ast yer.I`

Soyrbt.an oil has~ be.l.n co~mpa:ra~tiverl]' low in price for srveral months,
and In Suptelmbs.r 1?)3 averaged about 1 cpnt per cound lower in prices than in
Siptembsr a yeazr ago, .-and 3 cents or.r pound lowbr than in SP-ptcmber 1936,

Sincn the. per capitn consumption of lard an voge.:tablr cookiing fats
together cannot btr <:-ro< to-!! to incrLc~.El much, the lowpgiricrs of lard and
thi- I.coactid inc-rtjast in production~ oJf L.-rd indicate that thei production rand
consumption of compolunds and vcgletsble cojokinp; fats in 1939 may bi somilwhat
lower than it hais bee~n in the palst j :'lars.




























1/ Nlot im:-orts, princ-ipalyfomPhlonn Isl:nds.
2/ Preliminary.

Comrpilred as follows:
Production! jnd stocks Bur.au of thr. Csnsus, Annim.-rJ ad VCEgetablL. Fats and
nils.
Tra~dF figures Forelign Conmm.ror. .*,d Naivieation of tht. Unit.d. Stateis.
Exports rtporte~d as followrs: 1930r-32, ntotal of two itr.ms srep~atratly
renrortid AS "1ir-.r cojmpounds contaiinng animal fats" and "vlet':tble
oil la~rd conc~ounds"; beginning 193), lunder vr.getable products As
"cooking fats other than lard",
Imports rievortc~d ase "rJimrJl oils".
Ann~iaret disanr~oearanc comottod from table.,
Pe.r casritht disap7pearanlcrbase.d on Julyr 1 popul.5.tion.

Table: 3,- Compounds And vege;.tarble cooing fa~ts: Production, byv



Ye ar : Jan. Apr. : May~ JunC. : Ju~ly Sr.p~Tt. : Oct. D:C.: Total

: Mil. b. Mil It. Ml. 10.Mil. lb. Ml b

194 : 2 4 22C 371 311,2014
19?35 : 31 8 2?9 459 471 1.547
1936 : 3 56 447 448 1,587
1937 : 3 352 433 451 1,595
1938 : 83 322


Bureau of th(. Crc.nsus, Animal and '!<.gr~tsbll Fats aind Oils, annual, And
quarterlly re~leasss.


- 3-


FOS-20


Table~ 2.- Connounds and~ ve.;-aole cooki n. fats P roducton, tr d, stocks
r. co.:abc.r 3,adanr~tdsr~rne 903

Cilnda' v Ipors: Not :'A .rernt d~STTisaperanc e
-a~ctor? .for cn x rsSok e
year :prodluction.su ton xot rc 1otl cp a
.1,000~~~~~~~~,- lb 0 '.1--1.100 b 0 b Q b b


1,207.566
1,167,537
940,650
949,131
1,202, 042
1,541.325
1.586,312
1,594,016


757,"75


1933 :

1936 :

1'137 :

Jan.-:
Jun* :


1,211.,268
1,171,559
945,441
952,580
1,20J4,331
1,546;,795
1,586,741
1,594,929


755,909


8,791
5,994
3,498
2,60 f~
2,181
1,219
1,623


8,699
5.893
3,277
2, 41_;
1,900
6,730
4,612
186


2j,672
24,751
26,265
27,'501
27,690
39,890
44,932
46,031


9.8
9.4
7.5
7.6
9t.5
12.1
12.4


92
101
221
189
281
7,949
6,235
1,909


1,053


821 11 2 44, 697




FOIS-20


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: I .1
: 78 7. 3 88.2 88.: 7j.h 69.5 82.0

: 2. 9 2. 3 2.2 1.4 7. 6 1j. 5 7.7
: 2.8 .9 .7 .7 2.8 2.6 .
: 2.8 ,S .4 2.2 2.0 1,8
: --- 1_! 1.0 1.9 .3
: -- -- .) 1
: 1) 1 1)
: --.3 .1 .7 If
: I
: 1.5 .1 .8 1.0
: 1 r.0 6..0ll 2.7 162 8. 1 _6

: 5,S 4,7 68 c,0 7.z 7,) 4. 2
: 2.3 1 .8 1,81, 1.7 2. 3 1.9
: .3 6 .2 .1 )1
: .5 .1 If.1 1) .1 1

: 1 1.4 .9 .9 .8 2.5 1.

: 11.2 ., 8, .S 90 11.4 12.4 7.4


FOS-20?


Tablel 5.- Factory consuimationr of f;ts a~nd ojils, rxprt-ssed as pE~rctntage of


total Ioils in compoun~ds Ard~ a'gr.t: ble


cooking fats, Unitrd Stjtes, 1931-j7


: 193: 1934 : 1935 : 1936 : 1937


: 1951 : 1932


I tem


:Perccnt Pr.rsi.nt PI recent Pl.rctnt Porcent 'Torcent Percent


7r0-; taible? -
Cottonseed oil
Saylbi.an~ oil
PI.aNuit Oil
Corn oil
Linsced oil
Totarl daml.stie

Palm oil
Cocronut oil
Sl.same oil
Rnap oil
Babassu~ oil
Palm-k .rn;.1 oil
Sunflo .n.r oil

Sthur 2/
Total foreign
Animail and marine, -
Tallowt, edible
01~sa~staine
Lard
0130~ oil

Marine snimal. oils
Toital animal and
ma~rine

Total fats and oils


76.9 861


31.4
.2


56.9 3
7.1
5.5


87.7
-1
.3
.1


87. 2
.2
.7
.2


72.5
5.7
3. 6
.1


,9
.5
. 5


.5
.4
, }


1 : 100 n 10 100'.0 100C.0


100?. 0 1 00.0 r 100.0C


If Less thanr onr-tcerth of
2} Unname~d vr:g=.t;b~lc. oils


onl: nlrcunt.
rc.rnortr~d as "othcrl.


Comnuted from Bulrc.u cof thte Cr.nsus, Factory Consum~ption f Animal and Vregetable
Fats rand Cils, b: C1.-uss.es of PrOductS,....~














: o~ons: TOtal :
: alid :lrdnd : Lr
Yecar :Lzrd :v tbe:vo~otable : exports
i ~: cook~in_ : cockin.IL
: : fnts : fats
Lb. Lb. Lb. Lb,

1'j20 : 12.2 6.7 16. 6.
1921 : 11.1 7.1 18.2 : .3
19221 : 13.5 6.2 20.3 : 7.3
1?2? 14.5 6.6 21.1 ? 96
1924 :14.5 7.1 21.6 8.7
1925 = 12.5 3.8 22.3 : 6.3
19/26 : 12.4 3.6 22.0 : 6.3
1927 : 12.3 5.0 22.6 : 6.1
1922 : 13.3 22.7 : 6.7
1929 : 12.9 ., 22.0 : 7.1

1330 : 12.7 9.6 22.5 : 5.5
1931 : 135 .4 ~ 22. : 4.8
1932 : 14.3 7. 5 21.8 : 4.6
1933 : 13.9 7.6 21.5 : 4.~
1934 : 12.9 9. 2 2.4 : 3.6
19335 : ?.5 12.1 216: 0.;
196 : 11.2 2. 23.6 : 1.1
197 /:10.5 12322.8 : 1.3




1/I Hot exports and,~ shipxnclts to nonlr-conticuous torritory
2/ Prolininary.

Appare-nt disappearance is concutedl from production plus
or m-inrus not trado and corrected for changocs in stocks '
whcre alvailablle. Per capitn basedr on July 1 ;iopulaticn.

It should be notod that thoue data are only approxi-
nations. The available statistical information, esp'eciallyr
on Ini;.:b1 fats, is incon:2l.:.tc. Totral slaughter of uceat
ani:.als in fedearally inspcted. ijtiblishnocnts represents
actual count, but data. for otheJr slaru htor are estinartos by
the Bureau of .igricultural Econo-ics.


FOS-20


Table 6.- Aplyarent dicsl:-larance ier capiita of 1lard,
conpound anrd vi_t ~lble c~ooking f'ats, anl experts
of lard' pe aita. Un:iti d Staties, 170-37



































































13.8


S2.0


10.4


12.1 1.
Continuod -


13.1


Table 7.- Price per pound of lard, conpounds, and vegetables cooking
fats, sad. cottonseed oil, speccified :narkects, by rnonths, 1333-38


Lad hcg Compountds: Margin, Cottontood oil M~argin
: Ld, hin~lo and voco-: re~fined : vegetable
Year table :lard over. rc cooking
an Refined Primec cookin- :vo~ctabjlc. surnner White fats over
nonth stoa6 fats, coo~king : yelw dible, refined
: Chc: fats Iow, Yok ChicaGo *cottonsood


__


C_


_


0O


FOS-20


-10 -


Conts Cos~ts


Conts

?.6
3.5

4.1
5*0
5.5
6.2
S.2
4.6
4.5


4.5


Conts

6 5
6- :
7.1
6.7
7.1
7.2
7.7
7.1
6.1
5.6
5.6
_jg. _
6.6


Conts






.3
.4
*4
1.1

1.7
1.5
1.6


:Cients Ct

ran. 5.7

lar. : 5.5
,pr. : 61
Ay~S :72
unoc : 70
ruly : 7.5
,ug. :6.5
:opt. : 63
oct. : 6.7
lov. : 7.0
oce : 6_2




eb1. : 7.1


ay : 7.0

rune :7.3
July 7.6
lu,_. : 95
ielt. :11.2

iev. : 11.0
ec. : 12.0


onts :


3.8 :


6.3 =



5.7 :
5.3 :

4.8 :
5.3 .


5.5 :
6.4 :






8.4 :

10.3 :
11.7 :
7.7 :


J
F



J
J
1
s


D




J
F




M
I
D


5.3
4.7
5.3
6.2
7.4
7.6
3.1
i.2
7.6
7.3
7.1
7o

6.3


0.4

*2
- .1
- *2
- .6
- *6
-1.6
-1.3
- *G
- .1
- .8

- .4


4.7
5.1
5.1
5.2

5.3
5.9

7.5

9.2
10.1


5.5
6.6
6.6
6.8
6,6
6.8
6.9
7.1
7.8
9,6
10.2
11.4
7*7


1._5
.5
.6


.5
1.5

.7
1.3
.2
.9


7.0
7.1
7.4
7.4
7.4
7.4
8.6


11.7

11.6


- .7
o
*S
.1
- *4
- 1
.2
.9
1.6
.6
.1
.
.2


13.4
13.8
13.4
13.0
12.2
11.8
11.1
11.3
11.1
11.3
11.3
11.3


.1
.4
1.0
1.4
1.5
1.5
2.1
1.5
1.7
1.7


Jarn.
Feb.
Mvar.

May
Ju no
July
Lug.
Sopt.
Oct.
Ilov.
liec.


14.4
14.7
14.7
14.6
1~5.2
15.6
16.3
17.0
16,0
14.4
13.6


13.3
13,1
12.0
13.2
13.6
14.3
1L.2
15.8
14.4
13.4
12,2


13.1
13.5
13.5
13.4
13.2
13.2
12.6
12.0
13.2
13.0
13.0
130


.7
*9
1,2
1.3
1.4
2.0
3.0
4.0

3.0
1.4
.6


10,9
11.4
10.0
10.3
10.5
10.1
3.6
3.9
10.2
10.4
10,3
10.7


Av. 15.1























12.1
11.9 c
11.9
11.1
11.3
12.1

12.5


13.6
12.2


11.1
10.8

1c1.0
10.3
11.0
12.1
11.7
11.5
11.8
13.1


10.1
9.7
9.4
9.4
8,8
9.1


10.2
9.9

11 0
q.8


12.6
12.9
1j. 2
13. 6
13.0
13.0
12.0 C
11.4
9.8

12.7


11.4
11.0 C
11.1
10,6
10l.5
10.0
9.2
8.0
7.4
7.3
7.1
7.1

9,2


12.4
12.3


11.2

10'.5
102.2

s,6



10.8


13.6

12.5
11.6
11. 4
12.2
11.3
11.0
10.0
.5


11.3


7.4
7.9
5.2
8.2
S.1
8,0
8.6
8.1


9.4
9.6
9.6
9.4
9.4
9.4
s.6


10'.1
10.0
9.4


9.7
9.0


8.3
8.8
5.2
8,1
8.4
8.9
8,1
7.8


10.2

10.2

10.2
1ri.2
10. 3
10.6
10.2


- .1
-.2
-.2
- .9

- .8

-1.6
-1,)


Cormporunds,, Margin,
a~nd velge.- refined
t:ablo' 1srd ovef
Sconking vegetables"
fats, cooking
SChicago fats :
*Cl.nts ." Cents :

: 12.2 : .2 :
: 1.9 : 0 :
: 11.8 : ,l :
: 11.2 : .1 :
: 11.2 : .1 :
:12.0J : .1 :
: 12.7 : .1 :
: 12.8 : ) :
: 12.5 : 1 :
: 12,6 : .1 :
: 13.2 : .4 :
: 12.2 : :


:13.7 : .) :

: 13. 7 : .5
: 13.7 :-1.1 :
: 13.2 : :
: 13.0 : .2 :
: 1j.2 : .4 :
: 12.2 : .8 :
:11..0 : 2.0 :
:10I.2 : 1.8 :
: 1G.4 : 1.0 :
: 10.4 : 6:

12.4 .) .


" Ma~rgin
;Pvigitablet


Cottons d oil

Prime White
sunmmr redible,
ye:ll1ow, thicago
Noiw York
Cents CI nts


Lhrd, Chicago
Year .
and Rli J
month
Ssteam

: Clnts Crents


- 11 -


FOS-20


Table 7.- Prior. Pt~r pound of lard3, co~mpolunds ind~ vcaptaibll cooking fats,
and cottonsed.d oil, sm~.cified marketss, by months, 1953-38 conta.


: cooking
:fats over
* refined
'cottonsteed
:oil
:Cc.nts




:1.4
:1.1
:1.0
:1.6,
:1.9
:2.0
:1.9
: 1,
:1,4
:1.6


:1.3
:1.5
: .b
:1.9
:2.0
:2.F;
S2.7
:2.0~
:1,2
:.6
:.8
: .0!

.1,b


.8
.7
.b
.9
.8
.6
.7
1.2
1.1


Jain.
Fclb.
Mar.
Ap~r.


July
Aug.
Sept.
Oct.
Hov. r
Dec.
Av.

13.31
Jan.
Feb.

Apr.
May
June
Jully
Aug.
Sept.
Olct.
N~ov.
Dec.





Feb.

Ap~r.
Mnay
June
July
Aug.
Sept.


10.,8
10.4
10,4
10.4
10.1
10.2
10.4
10.8
10.8
10.6
10.8
11 8
10.6





FTOS-20


-12 -


t
e
a,
a



rl






r*
ar
OM

00
F:
00





Lt



PCo
ar
*~E
rd



a~c
09





k-o



ton



oe,



M .y








cus
ov
co
0,


km


C-(XjnNO






zr mO>



dO ON
Numb>
rlm-nn a
Or,rrjMr



Ob re r


O N I C
mouv


N 0
r(an


0m




F DO



0>
to t


NEcljrOO CCLO
NVO~Nd NEDO

rlCVCUN Emm




(D r)OWLN N0 I
ONHl man crF~c u~o






mO(Z)pCN 000 OC

OeNlcr c as ano







N~co I e- o


SI
dO
.pc
H






Ok


(d




av




o








o
*H






4
e


O ~



ra


NLDO
sOcr


Ocom

as *
RN NN





CN ~


OCD


tN

CM

C0
e e


0003L



me
own ~-
OCD
*** L~
HMH "
Ooo -
Oba O

Hon r
man ~
Or00
One ~u
rOcn

OmW c

Com

O~e
*** ( d
McaN ~r
Cnm)m 1
remrr


I


~C
d
o
a

o
O *
LD
Qg

QC
*4


cdo
km
ed .
'To
ag :
%*0


OCOONL
cD~wec
--OWNS ur
rnna
<@000
Ne>> n -
LDL000 O
masse
HMHM lr





OHNrr
mamme 3~


I 4




go. a


go *




.A .











Year :
Fac tory
begin ingipoucin
Aug. -:P .
: 1,000 lb.

1920 : 1,309,183
1921 : 930,475
1922 : 1,002,922
1923 : 979,617
1924 : 1,403,781
1925 : 1,617,015
1926 : 1,887,910
1927 : 1,476,609
1928 : 1,604,131
1929 : 1.572,322


Importr: a
1/ .: Exports
1.000 lb. 1.000 lb,

877 286,876
o 87,470
46 67,385
37 40,697
37 55.556
4/6,679 59,3os
3/ 61,964
4] 1 59 .568

3/ 32,505 q~g

4/ 1 28,119
43.453
44,296
23,031
131,320 5,205
144,580 3,768
224,059 3.725
69.364 7,791


: :e : Stocks at:Apparent
:Reexports: exports : end of : disap-
: period : pearance
1,000, 13, 1,000 1%, 1,000 1%, 1,000 13,~


1/ General imports, 1920-23; imports f-or consumption beginning 1924.
2/ ot separately reported after 1921.
Not over 500 pound~s.
SThese are data for calendar years; that is, the second year shown in stub.
Crop year~not available.
S~tiprsPreliminary.

Compiled as follows:
Production of crude oil and stocks Bureau of the Census, Cotton Production
and Distribution. Production chiefly from domestic seed. Stocks are crude
plus refined converted to crude (using 0.9j).
Trade figures Foreign Commerce and N~avigation of the Uhited States; imports
are crude and refined not separately reported prior to 1930; reported as
"edible" beginning 1930, Beginning 1935, crude plus refined converted to
crude (using 0.93), Exports, 1920-22, crude and refined not separately
reported: beginning 1922, crude plus refined converted to crude (using 0.93).
Apparent disappearance computed from table.


FOS-20


- 13 -


Table 9.- Cottonseed oil, crude: Production, trade, stocks July 31,
and apparent disappearance, 1920-37


39 286,038
2/ 87 ,470
67,339
4o,697
55,556
52,629
61,964
59,567
-29,689
32.505
28,118
43,453
44,296
23,031
5/ 126. 115
~5/140, 812
5/ 220 ,336
aj61.573


264,208
183j,089
153,611
118,891
191,659
164,916
423,407
381,634
383,289
332,205
306,835
705,245
778.50s
740~,642
506,578
362,066
485,391
557,294


1,010,709
924,124
965,061
973,640
1,275,657
1,590,929
1,567,455
1,458.815
1.572,787
1,590,901

1,439.134
1,252,260
1.328,122
1,317,621
1,4685,761
1,449,060
1,460,987
1,955,663


1930
1931
1932
1933
1936
1935
1936
1937 El


1,441,882
1,694,123
1,445,681
1,302,786
1,10s,582
1,163.736
1.363,978
1.965.993





I


3937 1/ :


i July


~


: 1.000 11

:1,090
:315
: 97
: 166


_ __ _I 1_


6.568 7,714
971 986
1,123 523
97 13
a.759 9,236


:4.743 5,254
:1,259 1.325


: 791,143 52,08


:25.512 28,718


Cottonseed oil
Soybean oil
Peanut oil
Corn oil
Total domestic vegetable 2/

Coconut oil
Palm-kernel oil
Babassu oil
Palm oil
Total foreign vegetable :/

Total fats and oils

Milk
Salt and other miscellaneous


Production of 01eomaargarine


LfactureB,


1938 If .
Aurg. .:I
S1,000D Ib.

1,oo?
241
-103
196.I
1,~507


14 -

Production and materials used in manu


FOS-20

Table 10.- 01eomargarine:


July and August, 1937 and 1938


United States,


Item


: 1,0_00 1%.

:830
:286
:97

: 1 519


Aug .
1,000 lb.

754
292
102
86


01eo oil
01eostearine
Lard neutral
01eo stock :
Total animal


: ,281
:1,977
r 171
: 134
: 11,563


:
:
:
:
:


: 8,181 9,086
:2.979 3.650
r 290 282

:11.452 13,018

:6.331 7,282
:263 202
:1,C3 1,202
: 3


10,027
2,742
13}
23b
31 ,12


: 1,631


23,211


23,612 : 20,800


: 21;,215


28,679


Preliminary.
Less than 500 poun~ds.


4] Not dome," stic~"'~ally proucd.


'iI







ii


Compiled and computed from reports of the Commissioner of Internal Revenue.


IllllillllillllllllllIlIIIIIIIIIIIIIIUIlillllllll