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_00073
Classification:
lcc - HD9490.U5 A33
ddc - 380.1/41385/0973
System ID:
AA00005305:00090

Related Items

Succeeded by:
Fats and oils outlook & situation

Full Text













FOS-48


EBRUARY 194


080 7 0~ TRADE, STOCKS, DISAPPEARANCE, 1937-40



rt L~ tlllaOF AND NET TRADE IN ANIMAL FATS AND
U1S n-r OSITORY VEGETABLE OILS. UNITED STATES, 1912-40


I ) I Ij 1 I I I


THE ~ErflST UAT ION


9l0 1


1912 1915 1911 1921 1924 1927 1930
aurleemannar ummear


1913 1936 1939


me em mamm I


aIU mm 11 man CL mamm I eme


PRoOUCnIoN OF FAlTS AND OILS FROM DOMESTIC MATERIALS TOTALED
NEARLY 9 BILLION POUNDS IN 1940.. .PRoDUCTION OF BOTH A\NIMAL FATS
AND VEGETABLE OILS WAS OF RECORD SIZE. LbAD, GREASES, TALLOW, LIN-
SEED OIL, AND SOYBEAN OIL ACCOUNTED FOR MOST OF THE CAIN OVER 1939.
Born REPORTS AND IMPORTS WIERE REDUCED IN 1940. L..RD AND GREASE
PRODUCTION WILL 9E SMALLER IL 1941 THAN IN 1940, OUT mRonucTrom or
VEGE'TABLE AND MARINE aILs IS LIM'ELY TO BE INCREASED.


I

U'
I:1119ii ~
;P


I '


BUREAU OF AGRICULTURAL ECONOMICS
UNITED STATES.QEPARTMENT OF AGRICULTURE

gA\


E -NTilPOT S~
I~L ---~r~ qE 'gp o or
trGEABi lk

0 *rror












































4.7
4.8
4,4
5.4
9.5

8.{
9.6
18.0 ;
19.0
27.2

13.1
9.
71.
8.


4.2
4.1
4.0
5.3
9*5

7.9
8.8





9.8
72.5
8.0


r'i)ScLc~5


-C-


Table 1.- Price per pound of specified fats and oils,
J,-nuary 1939 and 1940O, November-January, 1940-41
: Janary : 1940-41
Item :1939 : 1940 : Nov. : Dec. : Jan.
:Cents Cents Gents Cents Cents
Butter, 92-score, Chicagio ........................: 25.5 30.8 3~55.5 3'c.5 30.1
Butter, 72-score, New York .......................: 26.3 31.8 33.1 34.8 31.1
01eomargarine, dom. veg., ChiicaL~o ................: 14515.0 14.5 14.5 14.5
Compounds (animal and veg. cooking fats), Chicego : 9.2 9.5 8.2 8.4 10.3
Lard, prime steam, tierces, Chicago ..............: 6.6 6.0 4.7 4,4 5-2
Lard, refined, cartons, Chicago 1/ ...............: 7.7 6.8 6.4 6.2 6.8
01eo oil, extra, tierces, Chicago ................: 8.0 7.2 7.0 7.1 J.0~
01eostearine, bbl., N. Y. ........................: 68 6. 6.
Tallow, edible, Chicago .........................*: 5.6 5.4 4.8 4.6 5,41


6.-


7.1
6.2
9.9
5.0
6.5


6.0
8.6
5.9
6.9
6.7
3.6
5.3
6.9
8.2

5.5
6.0
7.8
26.9
8.4

8.4


17.2
11*8


5.1
5.1
4.8
5.0
3_/ 9.5

10.4
10.8

20.5
27.6


Corn oil, crude, tanks, f.o.b. mills .............:
Corn oil, refined, bbl., N. Y. ..................:
Cottonseed oil, crude, thanks, f.o.b. S. E. mills .:
Cottonseed oil, p.s.Y.( tank cars, N. Y. ...
Peanut oil, crude, tatnks, f.o.b. mills ...........:
Peanut oil, dom. refined, bbl., N. Y. .....
Soybean oil, crude, tank cars, midwestern mills ..:
Soybean oil, dom., crude, drums, U~. Y. ...........:
Soybean oil, refined, drums, N. Y. ...............:


5.3
7*8

5.7
4.8
7.5

5.9
7.3

5.9
5*5
6.8


29.9
6.6
5.0
13.6
17.5


3--




9.5

7.7
8.7
18.0
19.o
26.9


5.9
8.5
h.8
5.9
Ic.9
7.7
4.5
6*3
7.7


Babassu oil, tanks, N. Y. ........................: 6.3
Coconut oil, crutde, tar):s, f.o.b. Pacific Coast 2/: 5.7
Coconut oil, edible, tanks, t. Y. ................: 7.2
Olive oil, edible, dr~ums, N. Y. ..................: 25.1
Olive-oil foots, prime, drurns, N. Y. .............: 7.2
Olive oil, inedible, drurms, IF. Y. ................: 12.5
Palm oil, Niger, crude, drums, NT. Y. 2/ ..........: 6.7
Palm oil, Sumatra, bull:, 6. Y1. 2/ ................: 5.8
Rape oil, refined, brbl., Ni. Y. ................... :j10.8
Rape oil, blownn, bbl., drums~s, N. Y. ............:1.2
Sesame oil, refined, drumns, N. Y. ................: 10.5
Teaseed oil, crude, drums, N. Y. .................: 8.9


5.S
5.5
6.8

10.4
31.7
6.6
5.0

17.5

17.5


5.9
7.0
43-2
10.2
j1.2
7.4



17.5


Tallow, inedible, Chicago .........................:
C-rease, A white, Chicag~o .........................:
Menhaden oil, crude, tan1:s, f.o.b. Baltimore .....:
Sardine oil, crude, thanks, Pacific Coast .........:
Whale oil, refined, bleached winter, drums, N. Y. :


5.1
5.2
4.3
3.9
8.2


Linseed oil, raw7, tank cars, Minneanolis .........: 8.3
Linseed oil, raw, drums, carlots, N. Y. ..........: 8.6
Perilla oil, drums, N. Y. ................... .....:~ / .8
Oiticica oil, drums, N. Y. .......................: 11.0
Tun~g oil, drums, N. Y. ...........................: 15.4


Castor oil, dehydrated, drums, carlots, N. Y. ....: --- 17.0 13.1
Castor oil, No. 3 bbl., B. Y. ...........,.........: 9.2 12.8 9.8
Cod-liver oil, med. U.S.P. bbl.,N.Y.(dol.Ser bbl.): 5. 3572.5
SCod oil, Newfunladbb.,N Y. ........: J.9 8.0
Compiled from Oil, Paint and Drug Renorter, The National Provisioner, and
the Agricultural Marketing Service and Bureau of Labor Statistics. Prices
elude excise taxes and duties where applicable. If Reported in tubs prior
1940. 2/Three-cont processing tax ~aded to price as originnally uoted. 3/


ren~orts ol
auoted in.
to July
Revised,








0.-%;4 8


- 3-


T EFATS AU 0i D LS SI 1.1ATJ





Increases in: co1.lr!u?.e: i.cole, crick~_ 1lTr-ely iron!IP :ar defense a ctivi-

tiers, v41 jr? a T.;aicr fiorn~ tar.ding tc strt- 21- m demai'nld d pries for fata,

oils, 3and oileeCdrs in 5--1.Inu3+rf nr'. v.iC'y rearle 1 nr.r all-ti :~ per'*

in ea3)h 3f t!e P ps :.00'th!s, a:.d fulrter :'.'Lrked at:s1; e~re~ez =Red au:ir:

Cthe secon' hclf of t..'s :ear as mu~ in~dustrie~l 7Herb c;Jres into oneration,

Pe~flecti~in :.e in Tlo;.evert~ in ceno.n-l codi~tions5 il recent r~onths, anid

also a marked education inl isrd a.d :C~rease outi'ut, orgices cf :.early all do-

.mestic, an~d of sor-e imp~oited, fatS and~ 3ils mor?:1 SubtatPntlal galns in

January. Pu~ttr rkices ierlined ,nrcre t:hen Le~c:rlelly firinr "le r.oth, bu~lt

this wras th.e only v-.otstle e.:ce-stio;- to t::.e retler -e:`ei~. -0 u -t rn.. 7rces of

domestic cil,-eeds also advanlced in Januar'-i.

Dsite th (a n, price ofS mO st fle's, c..'s, end; 3lseeds a8re lower

in Janua'ry "i- :-r tha 10:1. Ove--st,;1' it Xsc=-. likeC1ly thaLt for 1941 as a

w~hole Drices v-i.11 :.vo.*a es r..:'--1.a-- Ir. -r t:,..e.T in 1940r TI~J for t::e firet E

mont-hs the ris e nor,'lC': i'at me do en ar` .

P-roduicticn of fols arnd ?ils frc;-r Eo;te ic nacerials, to~talin,- ncrrlyr D

billio n ound~s, set ra ne-- npi record i:? 1C-.C. Lordr, IrP sF, .T\llo\-, an~d

linseoa and so:,rteam' 7ils arccoun~tea for mozt of t:!o '-il in! outpul~t ovler that

in 1939. Total ourtc! '. fom donecltic ra~te.-:sls in1 1'1 -robjcbl :4.11 not be

greatly, dirfere~t fro17 that in 194:C. ;';ith redue~r ahor mL.I:Ei.:eins la1rd and

grease production v411 bn suilstenCall y callerC t!an a I'ear earlier. But the

reductions in th-ese ite;-s miayr be aotLut oiffxet by increa.sedj output of veg~etP.ble

and marine oils.





-4 -


Both imports and exports of: fats and oils w~ere reduced in 1940, stocks

were increased to a nevrb igh, anrd domestic consumption. was expanded moderate-

ly to reach 6.8 billion pounds, a rer. record. 1.trked increases occurred in

the consumption of' do.mlestic fats in 1940j, mainly at -the ex-?ense of imported

items.

-- February 14, 1941

r.EVIE17 OFI REC~Il? DPENDLOPYEiTS

Prices of most fats score sub!stantial
gains i~n Janua:ry

Prices of nearly all domestic fats and oils in January averaged sub-
stanltially higher th:an in Decenter. Thre on~ly notable excepstionl wras butter,
prices ofwhi~ch rose sharply dluring the fall but declined somer.4nat more than
seasonally in late December and early Janyua;y, mair~ly as a result of increased
production. The average prire r\f rrine steam; lard at Chicago in January was
up 18 percent from the very: 1017 Lecember level; tallowJ and grease prices also
advanced fairly sharply. Prices: of domestic vogetable oils we~re roughly 10
percent higher than a month Iarlier; while ;prices of coconut, palm, and cod
oils were up about 5 percent. Little ch~ra ge was recorded for prices of other
fats and oils.

Despite th:e advancers, prices oi'f his and ci~ls, except the salad oils -
corn, olive, and teasecd and the vi';raminl-7or..'.a:ainin cod-liver and sardine
oils, continued leaerr in Jan~uary than a year earlier, reduced supplies were
larF-ely responsible for tie co:.10aratively hiCh Iprices for th~e excepted itans.

The price advances in Janu;-rJy tl.is yJea appear to have beenl due chief-
ly to two factr." .: (1\ .;1 inplroved derr.a~nd for fats resulting from increases
in industrial activity;; anaC con51!Cre' inlcom~S in recent months; and (2) re-
duced lard ard F1rou.Se c:!tpu't followrini. the salary dror, in hoCI marketing that
got under way~ in i: to :.le-aember. Supplies of fais End oils generally, how-
ever, were unursuall- large in Jarnuar::.

Prices of oilseeds als~o advance in Jan'uary~

Prices of' donest:ic oilseeds, reflecting the strength in oil prices,
also advanced in January. Pi.ut as in th~e case of oils, prices for the oil-
seeds continuePd belowi ti~Ce of a year ear~lier.

pricess received by farmers for cottonseed and peanuts in mid-January
averaged about 2 percent h-idger than in Inid-Decemrber, but w;ere 6 and 6 per-
cent respectively under th-ose of did-Janu~ary 1940. Fr~ices for soybeans and
flaxcseed advanced about 10 percent from mid-Decomnber to mnid-Janurary, but on
the latter date wer'e 14l and 21 percent belo;. thoser of a year earlier.


FOS -48






- 5-


FCS -4 8


Ihe prices or cap~rs. pt fa~ific Coast markets also advanced in Januarys
nettin2 a 2-le:-ce.11 gai~n frj to~ mon";h. But ait 1.71 events per pound, in
'caerr, I)he jg!lJa'. war:- re -0 aS vas s 11 I2 pe~rct bjelow~ thlatL of a year earlier.
According to Irepo;nr. i-rom tn :l -l-lppi.ness large purch-ases of '_.e-zed3 copra
were mad~e inl tha't ?reT- err jov'br nd ecire f'or shipmeen-t to
Vla?;ivost~ck- and .i)-use. 'I1.0 So-.iet Uniio~n ordin~arily droes not import anly
COmliders'.' 1e ge-ur:.t-o o;' oil-eme~ or oils, being~ generally self-t- 310-ficienten
In. reedstuii ff. andl ::t=, .-1.Ard amon,3~ a rt exorter;r of vegetable oilss; usual-
ly sccuriea retc l1.nl; of Iii Ir.I.ort3 of o~ilseeds from i'nc I.:la and China.
RoeSr pu~lrelseas.- .raq 1 he--c ber perel'tY responsfibe for thlze advance in cC0m..-Stic
corlnr Ilrices; .n .:solar:-. In~cr~rse rates for ocean shipr:.ents e~rly; this'
:se,~ ar~risin :' Pre a ~-;e--n: -reirst: of shvipp~ing space, a: s'r-a.enly 'al 0-


Lorrl andL I-resse' r'C ofter so b hle


As Ih.ilC'.. ed 1:-.theL JanuaryI issue of this report, lard a.nd grease
rp~j-r:duction 1: expate-' to ba s as'ra4~:tntially exiller in 194,1 than in 1940. Eagc7
:-erl::etngr cre uro-evi~all largE1 c:ring the~ final quarter of" 194;0 despite a
E-'v-~rce7nt re vo ic~, 11: i.;e 3jir oi tle! sp~ring pig crop last ye~r.- TIhe 194?0
f~ell pC- cro. also :,as redcuc:-,, and a further decrease i~n pig p~rodiactlion is
expected In thep pr~j:ing 55 so r ti~S year Th:ese reduc~tion~s in the-. Fg crops
v~ill oe refilected .".n! r-~;ediel toS warketinigs, and in reduced lard arid grerfase
production,, at. least ti-rough; i.-ril 194L2.

The 1rrbecr ofr .ac- slaug:P~tered under Federal inspection in. January,
totaling 4,517;,1(: !?.n, -rs 25 r. "eent cmaller -t:_a theF recor-d slauh~t~e~r
in. Dlec:embes *1:a 1' er1ce.lt be~low- ..?e January slang h"ter last year .ilhdg
lardC pr)Iodu.C;-On n re.i.'.~': 0 .. f v.e.: callr than21 a month~ earlier, s~itori liold-
ings of lord~ Inn~'~cr. G-d --;:: 1 ocr;s dlz-ing 'thie month. Stocks of lard:
in cold sterI.F' ren To1- :1 ., ... 10 r; rendered ,ort! fat; were reTporteda~t
307 million- rpounds,, :.1 .; -:.r -:.cxL:r~telyJ 105 million pounds more than a
year cErlier ano1! 1'.F 1.~:: 'or. ~. :r .in excess of th~e 5-yearJ (1933-89) average
for Febr-c.or:;, 1. T-.-: :;rd a :. ::! re-st;:ly wii3 co-;tinues at hligh levels~ fbr
several lO.:l~ ~ mon's oa.! tO '.c-of-storg mi~'_ ovJement; usuallyT does not 03obdur untlil
thes sur):rr a1 n..6 ,r~l-: .1 ?alw:-en lerd Ir~ohuc'tion is seasonally sr;all.

Industrial act1:-.i"; so' 7EI2 levels;


W(ith in-:st!izl. an-ti-.it:.- r-ach~ing nev-r all-ti~he par;l:s in each of the
past 4: mor:t:1,, .r-i i'l~: : incme ~f' irnllstrial w-orkers nowT at the highest level
since 1929E, the~ injc.rovement in c'.0miesti~oc demnd for "cts an~d oils is becoming
inc re ns inyli,?~. appae !-. iLec.u.se many~ indus~trieare nce~r operating at or necar
cap7aclty,, fu~r~t:cr. ra.:*ke fgive in- industrial activity may not occur u~nti~l late
Euprini; or sun.mr--r :':1.ea cafe:nce rplats now- 5.uildine.; begin to comle into opera-
tion. Aith~ougn ir-cncme :f' -onlsurers may not increase greatly in th~e next fewJ
months, for th~e yea4r as .3 wholeC'1 t1hey wsill be6 substanrtially larger than in
1940. This increase in income? will be a major factor in straenthelnling denand
and prices for fats, oil;, an~d oilseeds in 1941.







FOS-48


- 6-


P~RODUCT17N Al'r Cr Sil.TCERPI OF F.d.S A.ND OILS


Frodurctiojn of i-rimaJ-ry fa':s ar.d ones from~ domestic materials exceeded
all previous reccrde inr 1C41. Suchl production Uot~aled about 8,779 million
pounds, equivaleilt to rO yercenr; of domestic requi~~rements Approximately 744
million pounds of frts and oils w~ere producedd~ fromn imported nlateri'als in
1940 and net iinpor~ts of pr~imry:j fats an~d o~ile (excjluing rawT materials) added
a further 512 million pounds to the total new supply. This total amounted to
slightly over 103 billion pounds, of whilch~ 268 million pounds vent to in-
orease stocks in first hands, wh~ile 9,767 million pounds were domestically
consumed.

Previous records for prodrat~ionl and use rsre established in 1939.
Production from densatic naber~ials in that y~er totaled approximately 8,211
million pounds, wh!ile consumpiition amoun~ted to 9,610 million pounds.

Lard, tallowv, and! Erreases lead igain inl outplt

liajor increarses in dsrmestic cutpUt in 194C occurred in lard, tallow,
and greases, at~L to~ a lesser exctent in lirzseed L1rd soy:,bean oils. L~ard prol-
duction, to~talinE ncarly 2,5 Cl nilion pounds, wasr about 300 million pounds
larger than in 1"'3" and wc~.s almost eq:al to ha) pre-drought (1924-53) avTer-
age. Production of inedibjle tal..car andl.,rcur~es ~a~s of record size. Although
tehe total output of linseed oil fror donf~ec-ti aid Importedi flaxseed was only
41 million pounds larger In; IC40 thanJ In 18,5;, It is estimated that prodtuc-
tion from domTes-tic flax~seed. alone us.s increased b; about three times that
amount. Soybean-oil production in 1940C exceeded thie rprevioac record estab-
lished in 193i' b: some ';9 nl~lion. ,:ondcs. I:^r.sr domestic items~ to show in-
ereased outrut in 1?940 include ;:utter, perar~t o3l, coirn oil, fish-liver oils,
and wrool Srease.

As a r.=2nllt Sf tk t~rFe ara~t vel small cotton crop in 1939 rnd the
late harvest of thle 132^: rrop, pror3U tI.onl of- crud~e cottoncseed oil in 1940 was
117 million names rnercent)i smaller tj.em~ :n 1r09 Considerable reductions
also occurcd 1, T;..e) out3ut of fI'shils 011 nd edib~le beef and mutton fats.
Other items t~o shc~ red~uced 'Jrod~uc'-ion include !rlale, olive, tung, and neats-
foot oils.

W.ith i!cros~sed seJf an~d nut crops~ in 18;40 compared with 1939, domestic
production of cotto~.seed oil1, linseed oil, neanurt oil, olive oi~l, and tung
oil is li!elyr to b3 lair"er in 1941 thanI in 1940O, The output of fish and fish-
liver oil; aclso h ma b increased. Eu~t wlth a msr!-ed reduction i o luh
ter in prospect, t::e increase in oultp)ut for theR above itelrs is likely to be
more or less effs~et b:, reduced lard and grease production.

Imports an~d expor-ts reduced ir. 1;43

Bioth imports a:na exports of primrar:, fats, oils, and oilseeds in terms
of oil w~ere srarller i.! 10^~; t!an ir. 1059. Imlports were reduced about 88
million pounds, and exportss 112' million pounds. As the reduction In imports







FOS-48


- 7-


was less tha~n that in croocrts, net impo0rLs were increased. Pect imports (in-
cluding the oil eauivalcntl 0 raw in~terials) tot~alepd 1,257 million pounds in
194r,o or 2 perce..t rmore thlan In 1539'.

The most si,-niflcant redructions inn imports occurred inz f'la::seed, palm
oil, fish-liver o'i~S, clive oil, andc perillsi oil. Th-e large domestic ou-t~- .
put of conryeting; pr--ducts in 19E0 vas nlainly respslonsible for the redul.ced tak:-
ings of foreign-groo~n fls::seed and palm oil. Wa in iEur~ope was ~the principal
cause for theF reductions in imp::orts of fish-liver and olive oils. Imports
of perilla oil in~ 1940 were much belowv the averagee for recent years, chiefly.
as a result; of thle liuidted supp~ly available for shipme~t, to the '!nited States
following the marked reduction in the M~anchuian perilla seed erop in 1939,:

P'artlyl off~setting these reductions wevre increases in imports of copra
and corconult oil, cLast:lr ;)eans, and tulng oil. A relatively strong demand from
soap a-d Zlycerine masnufacturers, partly for storage, apparently vwas the
principal reason for 'ircreased i~mports of copra and? coconut oil, largEe sup-..
plies of thich herF~e baeen availab-le at; lowr alices in the Philigninzes and
other South ~paci;. arCas. Demand for castor oil, particular\-:. for use in
the varnish indlue..:. as a substitute ior tung oil, also wa~ strong in 1940.
Although im~ports of tunec oil from Ch~ina were! larger in 1840 than in 1~39i,
they continued small ir:.clation to domestiic requireme~nts.

Cn thle expor~t side, major el.anceos "in 1940 included decreases of 25
percent in expForts cf lard arid of nore than 75 percent in exports of soyrbeans.
Total lard expforts, inclu.~ing shiipment;s to 'Unit-ed States territories arnounted
to 232 million pounds in 194:0 cormparedl with 311 million pounds in 1939, LAbst
of the decrease occurred in ex ~orts to th~e rnitedl Kingdom, which apparently~
is reservingS dollar resources for purchases of armamen~ts in this country
while securing most of its edible fat supplies from Enpire, IToaerweinn, Dutch,
Belg~ian, and free French cources. EVIportfs of lard to the United K~indom
amou~ntied to 51 n~illion pounds in 1940 compared wi~th 150 million pounds in
1939. Partially compensating for the rednetion in expForts to ther U.nited
Kigdom wIere increases in exports to rFexico and Cuba totaling about 25 million
pounds.

Exports of soybesans mr~ounited to only 24 million bushels in 1940 com-
pared writh- 10.5 million bush~els in 1339, Exports to the Netherla~nds sad
Scandinavian countries, the principal bu:ers in recent ;years, virtually ceased
following thre imp~ositionn of th~e Bri~tish blockade last spring.

Stocks continue upwa\rrd t-e~nd

Stocksn of t3Ls and oils, oilseeds in terms of oil, and of certain
derived products in th~e hands of naurafcturers, inporters, and xPAorters on
December 31, 1940 totaled np~ro::ima~tely 3.3 billion pounds, or about a third
of a year's supply. A~t tl.is lev.el stocks we~re 283 million pounds larger than
a year earlier an~d were tlhe largest for the year-end on record. prxiae
ly 268 million 7ounes ojf the increase in total rtockcs during 1940 occurred
in fats and. oils, with larrd, -inedibrle tallowr, coconut; oil, and greases showl-
ing the major gains.







FOS-48


- 8-


Consumpt ion of dome rt ir l'~y-ror'uced
fats increased

The not increase in total consunmption of primary fats and oils in 1940
amounted to about 157 million pounds. This v~as not a large increase. But
somre significant changes occulrred in the tot-al use of the various items.

As might have been expFected writh large output and lowr prices for many
'of the domestic fatss cornsunption of iTats anzd oils in 1940! was characterized
by increased use of domestic items at the expense of imported items. Rela-
tively large gains we~re recorded in th~e consumption of lard, inedible tallow
and greases and in saybeen, linseed, and corn oils. These gains much more
than compensated for reduced use of domesticall y,-produced wrhale an~d fish oils,
cottonseed oil, peanut oil, butter, an~d edible tallovw,

Consump.Etion of all imported fats and oils, v~ith the exception of a
fewv special industrial oils, na~mely, cnstor, rrpe, and cashew-shell, was re-
duced in 1940.. The most pronounced decline in the use of imported fats and
oils occurred in palm oil, -whlich co~netes directl: with tallow and greases i~n
soap manufacturers A~bundat supplies (f 1:aln oil are available in the East
Indies at, low prices.- But uirt: r.;zingL easts for ocean shipping, the decline
that took place in the domectice p:::co o:f pa~lm oil in 1941? waEs considerably
less than that in Jiallow andi grease ;riccs.

Difficulties in securing surplies of turg~, perilla, olive and fish-
liver oilss and the .resulting high prices in the I'nited States, brought about
marked decreases in consumpjtion for those oils in 1940C.





FO S-48


- 9


Table 2.- Total production, net traie, chunge in stocks, and p~narent dis-
appearance of primary fats ana 3ils in the United States, 1912- O
(Nect exports are indicated by a minuls sign~I)

:Production from :P ro dued : Nt impqorts or : _Toa
: domestic malterials :to nst exoortj

Calendar Animial : f am- Toa nmChainge parent
year : fats : Yee: po rted:prde as.Vgq.A .iap
,table Total, tion and talee .Total~primact~, pear-
: .andl .il : ate-. dis l tC. .ic
:.oils : : rialss : :2
: : : / :
:M~il.1Ib.hMil.1Ib.M~il.1bt.:.Mil.1b. Mii.Ib .M/iil t.1b.1i l.t'.Ml.1.il.loOl! M :iil.1b.

1912 : 3,857 1,826 5,653 206 5.859 672 99 771 ,7

1914 : 3,921 2,220 6,141 228 6.363 582 466 5?7 --- 5.832

1916 : 4,263 1s?20 6,184 364 6,547 618 22 31/;15 6,141
111917 : 3,5 121 ,651 424 6,0753 L 452 477 25 /13 6,087
1918& 4197 1,627 5 824 5;31 6,355 717 752 35 /+$ g 6,382
1919 : 4,425 1,809r 6.2T76 503~ 6,737 980 479I L 501 4/;5 ,8
-1920 : 4.455 1,286 5,741 615 6,356 769 360 410 Ir k 5,842
1921 : 4,842 1,654 6,4?6 363 6.859 -1,127 124 11,oo -14 51997
1922 : 5r237 1,251 6,54s 4 7,042 937 521 85 211 6,800
1923 : 5.895 1,296 ,11 7 0 7,921 -1,205 565 60 15 7,266
1924 : 5,949 1,680 7,628 562 8,70-,16 o 631 sh 7,455
1925 = 5.348 2,092 7,439 560 8,000 838 633 204 4 7,819
1926 : 5,469 2,202 7,672 726 8,~33 als 689 130 J 2960 7,972
1927 : 5.527 2,312 7.839 7!6 8,576 7he 646 102 c 286 8,187
1928 :56 2.030 7,660 706 8.366 -qt 796 oo 96 151 8,420
1329 : 5,8036 2,062 7,868 885 8,75j 85i2 1,0j0 178 + 208 8,72j
1930 : 5,534 2,0;1 7,5116 663 8.2759 6377 726 =i7 : 110 3,385
19.31 : 5,676 1,838 7.513 h98 8,211 601 a 206 so s.336
1932 : 5,754 1,911 7,66 5 468 813 60j4 620 16 + 142 6,007
1933 : 6,7 ,20 7,740 674 8,464' 652 &7? 221 + 50-7 8,177
1934 : 5.754 1,531 7,295 620 7,903 45s 7!4 276 431 4,612
1935 : 4.509 ,1 6,180 744 6,329 204 .9 1.594 139 8,661
1936 : 5,20j ,4 7,052 717 71 r69 17 1, 22 1,3 eS 9,075
1937 : 4,882 e,,lk 7,o30 931 7.961 -g 2 1542 1,j12 235 9,23&
193& : 5,43 2,377 7,808 66;7 rj,474 I 1681,00 832 277 9,069
19 9 : 5,86 2,349 8,211 727 8,s38 260 870 611 -62 q,610O
19'0o ,/ : 6.335 2,lc44 81779 Thu 9,527 1 722 512 4 268 9,767
Computed from production, trade, and stocks given in individual commodity tables,
United States Department of Agriculture Statistical Bulletin Ho. 59; The Fats and
Oils Situation, July 193j, and subsequent monthly issues of that publication.
Items have been rounded to million pounds without adjustment to tota~ls.
If Includes oil equivalent of imported raw materials (nojt imports) for Droduction
of oils not separately reported by the Burenu of the Census, including the oil
equivalent of imported fla~xseed. (The latter has been deducted from the reported
factory production of linseed oil to obtain the estimate of production of linseed
oil from domestic materials included in columnir 2.)
Ef 1912-21, partly estimated. 1/ Includes butter and lard only. k/'Includes
butter, lard, and cottonseed oil only. }/ Proliminary.






IT) S-4 8


, *10 -


Table 3.- Prodyction of-'saccified fLcts en:1 crude oils in the
Uoited States from domestic an~d imnorted
materials, 19);-40

Site~m 1937 133 199 1940 1/
:1,000 lb. 1,0 3 ,0 b ,000 lb.
Ani pal fats'and oils -:
Butter: 'Factory .............: 1,623,971 1,i86,172 1,761,775 1,808,050
Farm ..........c......: c508l, q40 500,0 55 486,015
Total butter ...............:_ 2,132, 11l 2 i8,? 2241 7 0 2/ 2 29 5,000
Crease, wool ..............: 7.511 5,324 7.192 9'919
Lqrd~: Federally inspected ...:1/ 753,F;15 1,074 ,19) 1,272 ,029 1 ,527,r266
Other ................: 653,635 674,03c13 7 20, i88
Total lard ,.................:3/1,c12,15 1,3322 199, 2/2 r290.000
Neat's-fosot oil ..............: .5,159 4,120 Cl,0k1 3,975
01eo oil .....................: 74,987 se,386 7;,860 69,475
01eo stock exportst) ...... 2,856 2,s74 lj,894 1,637
Stearine, animal, edible .....: 83," 6 46,157 37,674 37, 96
Tallow, edible ...............: 731 3,481 93,825 78,64W
Tallow, inedible and greases:
(excluding wool grt-ase) .....:J/ E" +,E 12 22'e 1,127 ,00C7 1,)3 74,252

Fish-liver oil i/ ............: 2,151,04 5,204 4/ 5r583
Fish oil 1/ ..................: 160 2,7 2j7,jL24 5/149,104
Marine mammerr.1 oil r/ .........: 71,404 0,0 '23 27,15r6 7{. 19,710
Total, animal ..............: 4,881,589 5,43, 2 5,861,0 6,335),195_
'regetabtle oils -
Babassu oil .,.................: 7?,816 20,507, 71,3;3 60,952
caster oil ..,..,..............: 6, 52,277 75,506 9.,975
Coconuit oil ..,...(............: 266;,636 7??3,80027)27 3 7,222
Corn oil .....................: 127,406 l~~1 ,672 150, .5 158.300
Cottonseed oil .,..............: 1,2625 .77,673 1,389.792 1,272.7~3
Linseed oil ......,............ : 66,5,099 440,614 56 .508 606,154
3live oil, edible ............: 2, 24 4,7,:2 ors53 3,778
Olive oil, inediblee .1........: 5/ 1( ---
Palm-kernel oil 6/ ..,.........: 7,9,731 109 )71 1/ .10 81
Peanut oil ....,......,........ 50,756 r8,152 7 ,1;& 83 47
Perilla oil 6/ ...............: 74 1 2,406 I/
Sesame oil (7 .?,....,.........: 4,a 79 3,067 4 525 6,569
Soybean oil .I...............: 1Si4,411 53.1 ~34 45 71550? 536,987
r1Ung oil .....................s --- --- P3,000 2/ 700
Total, Vegetrable ....... l..l ,9,0 _.083,903, 4,76,~509 187,758
Total, all fats and oils .... 7,461,00) 8,474r,286 8,938,113l 9 522,95~3.
Compiled as follows:
Butter, Agricultural Marketing Service.
Lard, Bureau of Animal Industry and Eureau of" Aricultural Economices
Marine animal oil';, Fish anid Wildlife Se-rvice.
Tung oil, Fureau of ForeigSn and Domestic Commrorco. Not officially re~ported.
All other oils prior to 19 9q, Bureaul of the Consus.
If Preliminary. 2/ Tentativce estimate. Offici-al data for fazrm production not yet
available. II Revised, bj Bureau of the Census. Fish-liver oil includes cod and
cod-liver oils only. 5/ Loss than 500 pounds. 6/ Oil equivalent of irmjorted raw
material. Zf April-June, reno~rted. factory credulction.














1939 : 1940 If

000I 11 100 b


- 11


Table ".-I I;port of~ pecified fats,-oils, d -o~il~bearing
mterals (in term of crude oil.),i Unit~ed States,


Item


:~j 19:: :1933 :

: 1,00': lb. _1, 'I_ COl.


,


1.


2,P7T


2/:4


Animal fatrs nd oiled I
Butter .......................:
Crease, wool .................:
LLard~l ........................:
01eo oil .....................:
Stearine, animel, edi-ble .....:
Tallow, edible ...............:
TalloK, ined~ible .............:

Fish-liver oil ...............*
Fish oil .....................:
Marine namma~l oil ............:
Total, Tnimal ..............:
Yegetsble oils -:


.1,b2k
.... 2

400
75
1,229

:.62,175
528 r


11,111

247

;S2




1,24)
FI ,86 EC


1,107
4~,178
S1



1,496

86...242


20,n72 20,2r4? 22,258
a" ,p 194,Ps

Enbassu oil ..................: 0 2/ S 0 891.
Cashew shell oil .............: 1,742 1,585 1,9 7 4,-72
coconut oil ..................: 3776 363,941 336;,796 370,683
corn oil .....................: 32,926 22,242 13. 5: 426
Cottonseed oil. '/ ,............: 207,39 3,1 31,617 12,936
Linseed oil ,..................: 002 121 49 11
Oiticies oil .........,........: 7,,631 5,301 1.8, 867 15,537
Olive oil, edib~l ...,.........: ES 371,086 62,866 50,080n
Olive-oil footsj~ ..............: ,101 22,356 284,180 24,480
Olive oil, inedible ..........: 4, 70 5,444 11,704 5.136
Palmn-kernel oil ..............: 1,$ 2,5;9 2,276 -
Palm oil .....................: -11,112 271,325 288,603 225,037
Peanut oil ...................: 5J '55 5 15,553 3,779 3.119
Parilla oil .........,.........: y,1 31,321 51 z"' 11,347
Rape oil .....................: 5,?56 51,960 9!,321 12,919q
Se~sme oil ...................: p?,020~ 7,040 5,520 6
Soybean oil ..................: _/ 22,259 5/2,856 4,126 4,849
Sunflower oil ................: 479 77 194 2
Teaseed oil ..................: 27,4Q; 11,855 5,38~4 4,315
Tung oil .....................: 1,E 107 1 6 78,718 97,0149
Vegetable tallo7 ....,.........: ?,CP- 274 2,g '28
Other 6/ .....................: 1100 3 1 F;0
Tota, vgetble..........,: 1, 5F~ 71 10217 5,1 8 95
Total, all fat~s --nd oils ...: 1,T2,? 1 122,0.30~ 1,05 2', 91~6


Coc~ntinued -
















:100b1,0 ,000 lb. 1,000 lb. 1,000 lb.
Fraw materials (oil-couivalent) -:
Babassu nts and C~ernels (634): 34,519 ?,2 71,717 61,912
castor 'Dens (42C;) ..~........ : 61,0 1;1 7,910 68, 2?7' 94, 871
Copra (Effe) ..................: 378,732 32-,201 270,3~4 387,682
Flaxrseed (!34) ..............: 518, ,7T 2S-i, 19 296, 200 218; 534
Palm nults and kernels (45i) ..: 397110,357 3.713 13.171
Perilla seed ( 7:;) ...........: j!L 1 2,406 2
Sesame seod (6 $) ............: 4,c;O 7,067e556,6
Total, ra~ ma.terizls .......: To,72 0,0/2 717,7S2 8,3
Granzd total ,................: 2,17 ,139 1,2,6 1768,056t 1,679,885
Compiled from Fo~rolen Co7mmerce arndl Navigation ocf ithe' United. Startes and Honthly
Su~mmar;- of Foreignl Co-srce of the Unilted Statrlc.
1/ Prel iminary.'
2/ Less than 5'?0 pou3:nj-s
/~ Inculudes ?E6,000J .OcUnds of oils, fnts, and QreasesB nes.
/ rulde p~lus rafinedl converted to crude 'tasis, divi ing- by 0.93.
~/ Excludes free? for Iamcort.
6/ Includes caster oil, hempseed oil, -and knpok oil.


19 !9 : 1940 1/


FO S-46


- 12 -


Tazble 4.- Irmports of specified fats, oil,, and oil-bearing
materials (in terns of crude oil), Uhiited States,
19j7-140 Continued.


Item : 1937: : 1938E :
































Fish oil ........................: 1,343 2,677 2,273 4,149
Marine mammal oil ..............: -- /12514 -
Total, animal .................: 186,402 258,22 54,07 25850
Vegetable oils -
Castor oil ...;...................: 63 52 1,j48 1,290
Coconut oil 4/ ..................: 9,02) 7,228- 26,038 40,501
Coconut oil g/ .................. 1,010 1,888- 9.50-3 12.522
Corn oil ........................: 444 11)* 1 80J 205
Cottonseed oil kl ..............: 7.591 4.872 ~13,645 15,126
Linseed oil .....................: 387 3q0. 2,566 4,770
Palm oil, including nalm-kernal:
oil jj .........................: 10,732 5.6 2 1387 ?3,914
Peanut oil 6/ .......... ........: --- --- "''25 2,e53(
Soybean oil .............~.........: 5,748~ 6,412 '12,111 15,9514
hung oil }/ .............~........: 7,053 4,628 --,11 4 481
Total, vegetable ..............: ),.27- .. 72,165 85.498 121,~61
Total, all f ;ts end oils ......:_ 2"9_,67L 290,4C27 434,6035 379-L19
Raw materials (oil-couivalent) .
Copra (6)j~j ) 7 ..,............. ....:- f1,127 j7,0?1 T.1562 22. 897
Soybelans (14 ) ......,............: 10',67 2,1 8,5 20,5C5
Total, raw ma~teriels ..........: 41,797 59,256 95,446 4j,402
Grand total ,...................: .271,lL71 -i~lb q2,O 23,21
Compiled from Forri~in Commerce and Hlavigation of the U~nited States .Ind Mlonthly
Summary of Foreign Commerce of the UTnited States.
1/ Preliminary. 2/ Includes "other animal greases and fats, inedible", grease
stearin, and~- "other animal oils, inedible". 1/ Revisod. 4/ Crude -plus refined
converted to crude basis, dividing by 0.94 in the case of coconut oil and 0.qj
in the case of cottonseed oil. 2/ Reexp~orts. 6f Not separately recrorted prior
to 193r9*


70S-48


- 17 -


Table 5.- Exports of srtocified fate, oils, and oil-bearing
materials (in terms of crude oil), United States,
1937-40J


Item 19';7 1438 19j 9 1940 1/
: 1,000r lb. 1,r000 lb. 1,01.100 b


2,942

7,700
10 b82
5.729


30,799
272 11'


1,637
e9
122
2,010


Animal fats and oils -:
Butter: Exports ................I: 800 ~1959 2,508
Shipmnents to United:
States territories ....: 5 312 '6,0 ~,c96
Total butter ..................: ,112 9,25 9,204 '
Greases 2/ ................... ...:}2/ 4,570 3,295 4',003
Lard: Exports *......... 136,778 204, 03 277 ,272
Shipments to United States,:
territories *....... 25,768- 29.5 ~ 14


162,6 234062 310.21
9017 85 15
5.711 5 360 5,0666
2,656 2,874 ic,s94
601181 15)
267 260 27b
883 466 2,042


Total lard ....................;
Neat's-foot oil .................:
0100 oil ...................;.....:
01eb stock ......................:
Stearine, animal, edible ........:
Tallow, edible ..................:
Tallow, inedibl.e ................:





























rl2


128,
.5~,;
3,(
10'7,
1,;
5,i
4 ,
7,.
s194,

31,


13,801
'132,455
53,202
990,737


Marine ma~Xmms oil .......:2 3d,241: C1,3^6 C~22.73
Total, animaal .......... 74c,41L"L <,?07 771,293


Vegetables oils, crude :
basis u, ...
Babl::su oil~~ ...............: 1,9110 5r2'19 1, 761 6,225 71844
CREt.P Oil ,......,,...,,g 2,6 0,4 17 187.. 12,377 20,8656
Coocovnt oil .............: 75~,? 3177,7341 216,570-- 1E1,C22 257,997
Corn oil .,,...............: 25,537 18,471 27,978 -34,949 21,154
CottPolseed oil ............: 606,1142 E5,555. 783,324 --- 777,179 669,159
Linac~ed oil ..............: 11,0 9,.0 6.l, 0C3 14 2,45 7 15 3,820
Oli-.e oil, edible .........: 4,119F 2 ,45P 4,95C~ 8,827 9,547
Olive-oil_ frots ...........: 7,r0?i L,511:7 12,42-0 14 ,434 21,E26
Olive oil, inedible .......: 2,498 1,697 S62 3,256' 2,649
Palm-kernel oil .,........:_ 13,tE33 41,892 6,434 ,C74 2,628
Pale oil ..................: C,3,735 14 15,C,65.0 --133,4'32 154s686
Peranut oil .....;...........: 29,215 2.n,808~ 2'7.,5.7. 21,266' 43,179
Perilla oil ...ne.........,: 19, 761- .25,694 1S, 382 15,153 6,998
Rape oil ......,;...-.......: 1?,214; 5,0~2' 2?,C59 6,523 8,545
Sesame oil .,.............: 11,373 5,485 ~ 205 169 1,932
Soybeain oil ...............: 34-,r16 62,517 7E,7C 9 -71,562 94,524
Tung oil ..................: 28,981 48,656 61,_12'9.... 31, 00r 57,128
Other 4// ..,................: 2,263 ----, -
Tot~al, vegeta'-.le ......:1,599,132 L 1,47L:,~5~56 1,4,250~-~~i-n- !" F 1, 0 C1 5 l32s8
Total, animal and
vegetable ............:1,845, 679 2,080,808S 2,317,523 2,255,868 2,52'3,719

Conrtinued-


- lb -


FOS -4 8


Table S.- Stocks of specified fats, crude oris, oil-bearing
materials (in terms of cru~de oill, and derived products,
Unitedl Stc.tec, Decembe~r 31, 1936-40


I_


Item 198ti6 193'i 1938


1993 1940 1/

lb. 1,000 lbc. 1,0(00 lb.

770 55,462 41,497
383 55,739 12 7,081
04?2 -4,c635 6,921
421 -102,105 294,069
298 1,657 1,518
254 E,599 5,284
527 4,450 4,753
506 8,051 6,799
947 240, 760 303,357


Animal fats anrd oils -:
Butter .....r.............:
Greases ..............,,...:
Grease, tool ..............:
Lard ......................:
N~eatsfoot oil .............:
01eo oil ..................:
Stear n~e, animal, edible ....:
Tallov-, edible ...........,:
Tallor, Inedible ..........:

Fish-li-.er oil ............:
Fish oil ...................:


33, 653 '
16~7,001
44,496
7894,6C3


61,234 4",953
57,852 72,918
2,34~2 1s877
143,E09 53,693
1,901 186
4,326 C`,331
5,758 5', 306
9,087 E6,90
244,C37 195,008

17,332 1,73
160:,54.? I ,"4L2






PCS-48


S 1 ;


Teble 3.- Stcso s,;rol''icd Tnis, cri ?o ils, oil-bearing
macerilsl ri~n tern~s o~f rrude oil), an~d de:-ived Tro~?!uCLs,
U~nitedl Stat9Es '-Ccorabor 31, 192~6-l 0 -rConrtinued


Item 1S36 198 198 1989i sa 194i 3.1/

Paw mraterlals :oil-

ba!lacco :ut: 160 *;-er~cent)..: =57 101 ,89378 IC7
Castor beer-.s (-12 ): 7,675 C1,2 1 E,7i9 6,442 ,3*
Copra (Gs ).:13,445 62 ,175 1,840~ l44,=C06 43,844
Cottonlseed (15 ;.. 37,93f 5C"1,5"E 4110,576 349,622 382,713.
Flaxseed (SC ,.: 52,E2 60 ~,", r 1,5 82,013 1376
Zesame seed (F5 .. 2 --- .--- 5 /--
Soybeans (14 ). 591, r6 88,F00 132,62 17,12 1716
Tct al, rawv noterl.als ..: 512,4 31 0i77 6570 <6,7 7,7
Other p~ro uces-:
Anilral stear.noc, Il-edlible .: 7,425 2,k37i 2,5 jL 2,F5? 5,101
Conrocurds and!! vw.elaol.3 :
cookrinr fats ............: 44~,032 40,r") 35,3t"2 56,621F 53,700(
Hydrogenate-i oils .,........: 2?rC 2:,10 2,-..5 27,592 27,130i
Lar~d oil ..,..............: 3, C.04 <', 1 .3 E,274 4,515 3,415
Red oil ...................: 7,21? 9,32: 7,1 6,G37 7,977
Tallowi 011 ......,........: 1,3 2,27:-~ ., 1.,777 1,343 1,7
Vegsetatls 5':earl:n ........: 3,7;r C,j12 11,75 5 7,555 :,l
Total, oth~: ~r -rofec .: ,.1,3? a 50-',2-. ..~1 12 t?~ 107,120 1 i2S, cST

rGrand total ............~ 2,_449,4?3; 2J7,8r)72,0 3d~r,C75 1 3,i3i23,E7 3,317,1134

Compiled rrom re~o:t~s of the~ Pllreau of~ tie Ide ,sus e-:ce;nc for onltte;r andJ lard;
rhich~ are frcm cel. s':orage reports5, Acrric'.'1t.1;.1 1 la!:2.ing; Service.

1/ P~reliminlnry.
MyE::cluce; S,080,C000 potinds in- bonded .larchaslLes.
5/ Refline~d oils hnav her: colnverted t.o ~crude eassic L11' dividing byl tIe follow~-
Ing factors: Batasser il, c en 11 .cot~tonseed oil, yalrn-kternel oil, and palm7
oil, 0.93; coconu~t oil, erensi-t oil, ard~soyb2ean oil, C.94,
4/ Includes layse of< ~c' n. lovercycil.
Y/ Fat sepajratelly rece~~tem.






F05-48 10 -

T~able ;.- Anne~rent disa71gearance2 of ESpcified fats
and oils (cirud~e bassi in th;e United States,



Itom : 197: 1923 : 1939 : 1940 1)/

: 1,C l. 1,00 b. 1000lb. 1,000 lb.
Animabl fats and oils -:
Eutter ........................: 2,155, 91 19,7 2,171,C 1 2,299,668
Grease, wool ..................: 1267 4,95 97 10,510
Lard ..........................:2/1l,j61,767 1,420,4j8 1,626,813 1,325,923
lrentlp -foot oil ,.............. 4,1 7,,8r ,07 3,676
010 il......................: 672 8.l 6 "9,79 6,
Stearine, aniial, edib~le ......: h71R7,1,135 37355 37.504
Tallow, ediole ...............*: 62,726 94,61 93,008 79,774
Tallow?, ir.,i~blF : 3. erea~ses:
(excludig ;e -1 rass) ......:2/ 286,27 g, ; 1 1 ,0?7" 2E'1 1 ,234,038

Fish-liver sil ....... .....: E8,115 3,'0 60,805 4h;s96
Fish oil 21 ..,................: ;''1,143p 16 ,6T2 215,164 180,219
B'arine marnr.r'1 oil 2/ ..........: 7_ 07112 1,8 3,6
Total, c:ni.::n ..............,: 6,90,6- 50 ,5,5 5,918,926
6abassu Oil ........... 1C O6 67, 565 60,224
Cashew: shel'l oil 1]/ ...........: 1,75? 1,585' 1,'-87 4,772
Castor oil ....................: E2,_C1 .~3,1F5 79,06i9 90,246
Coconut oil ...................,:2/ 89211 62 ,879 600?,074 59 7 r907
Corn oil ......................: It,3 1.31 1E,7,469 172,216
Cottonseed oil ................: 1,7617 1oEbo 10 9 1,378,26)
Linseed oil ...................: SO S ,5: 7 561,~37 590,o32
Oiticic~a oil }/ ...............: 3,6i 1 -f 1,567 15,537
Olive oil, edioble .............: 52, $'6 of,882 52,738
Olive-cil fo:ts ...............: 20cy 1,'48 26, 116 17,3j8
Olive oil, ineditl; ..........,: 5,1 ,22 8,923~ 5,743
Palc-s rnel Oil ...............: 1L9, SS 8892 11,359 9,337
Palm oil .......................:2/ 7 9,,1 1 270,097 291,350 17P,869
Pean~ut oil ...................: 10,28 0,56 8,;8) 61,850
Perill:1 oil ...................: 1, E94 52.1';9 19.502
Rape oil ......................: 15,7-, r. rC3 5.752 12,902
Sesa~me oil ....................: 0, 1 ,]E7 C,081 4,869
Soybo~an oil ...................: 183,071 j30 cS 4541712 502,920
Sunflo 7er oil /l ..............: ri 7 104 k/
Teaseed oil 1/ ...,,............: r 10. ,8 ,1
Tung ail .....................:/ 12e,1 7 10: ,7[ os59 67,540
Vege~table talllowJ 1/ ...........: a, nc,- :T- 2,564 28)
Other jj ......................: 2 r" 2'4 4/
Total, veget. 10 ............: 424,4 _,9T?, 2e 1 ;4,0?l, 752 3, g8 r 40
Total, s11 fnt: 7.-. oi'. ....: 9,238,2e7 9 _17~~L~ Il,069,231 9 610,40} ~ 9,673
Computed from 40ta onl reduction, trade,.~m nd toc'-s.
If Prrlimin-7=r. 2/ Recvised. lil Im6orts. k/ Liee than 500C rounds. *~ Includes
hemprsoed oil and kack~ oil.





FOS-48


- 17


Table 8.- "rushings of spci~ied oil-bearing materials,
by' qu'arte;s, Urnited SCtateBs, 1936.-40 ...


: .. : : : ::Peanuts, :
: : :: : ::sheclled :
Year:Babasso: Castor: :Cotton-: Flaxr- : : andl un- : Soy-
and :nuts : beans : Copra : sead : seed : Olives: shelled,: beanec
period unshelledshelled:
: : : :: :basis 1/ : _
:MIl1.1b. FYil1b. Mi1l1b. Mil.1b. 1,O000t. MI4l1b. EMil.1b. 1,000n bu.
1936 -:
Jan.-MFar. : 24 38 113 2,118 7,094 27 72 7,832
Apr.-JTune : 17 32 113 438 5,169 -- 4-5 6,792
july-Sept.: 13 27 98 1,467 4,e62 -- 15 5,348
Oct.-Dec. : 8 42 83 4,189 6,"31 3 166,768
Tot al :62 1:8 408 8,263 24,056 30 268 2 6, 74 0
1937 -
Jan.-Miar. : 15 r44 95 2,6~20C 8,175 12 116 6,780
Apr.-June : 18 37 388 716 10,372 -- 33 4 ,35 2
July-Sept;.: 10 17 118 2,j635 7,66; -- 10 2,719
Oct.-Dec. : 8 3 115 5,287 7,754 3 31 7,857
Total :52 146 41 1,63CJ 33,567 15 190 21,707
1938- :
Jan.-M~ar. : 19 J1 118 3,776 6,461- 22 84 8,932
Apr.-June : 13 22 1:11 3, 96~9 -- 118 6,925
July-S ept .: 6 24 13F8 1 ,854 5 ,i435 -- 19 6,596
Oct.-Dec. : 3 38 116 3,645 7,206 11 71 12,526
Total :47 115 453 10, 670 22,700 33 292 31!,979
1939- :
Jan.-Mlar. : 23 58 118 2,437 7,112' 4-2 99 13,245
Apr.-June : 35 38 105 1,120 6,2r07 -- 113 11,033
July-Sept.: 25 37 98 1,491 6,814 -- 22 7,794
Get.-Dec. : 23 53 110 3,723 8,736 3 27 17,002
Total :12 16 432 8,771 28,;68 46-~ 262 49,124
1940 2/ :--- --
Jan.-M~ar. : 26 63 158 2,476 7,892 8 37 1,6,682
'Apr.-June : 29 55 140 654 6,637 -- 42 12,917
July-Sept.: 18 43 115 937 6,943 -- 20 10,471
Oct.-Deo-. : 22 .59 139 3,77r. 10,083 20 195 17,628
Tot al :96 2"0 553 7 ',852--31.,554 28 294_ 57,897


Compiled .from reports of the Bureau of the Census except for peanuts breginning
October 1938, Agricultural Plarlketing Service, yearly totals computed from un-
rounded numbers.

1/ Disappearance of shelled peanuts, whidh may include some use for peanut
butter and poultry feed, multiplied by 1.5 and a~dded~ to the reported crushinps
of farmers stock unshelledd) peanuts.
2'Preliminary.





__


1/ 1910-14 = 100I. 2/ Adjusted for t:7pical seasonal veriation.

Table 10?.- ijrices of sp~ecified oil-bearing, m~aterj:.as, Janu~ary
1039J an~d 1El 0, I ovember-January 1940C~-411


1940

Dol.


: Unit :


FO7S-48


-18: -

Table 9.- Wholesale prices of fats and oils: ;ndex numbers,
Januaryg 1939 andi 1540, Iovembre--Januar~y 1940-41


(1324-29 = 100)
: ;anuary : 19 0-41


Group


Nov. De. Jan.


1939


1940


Eight domestic fats and oils 2./ ..:
Eight domestic fate antd oils...:

All fats and oils (27 items) .....:
Grouped by origin -
knimal fats ...................:
)Tarine animal oi~ls ............:
Vegetable oils, domestic ......:
Vegetable oils, foreign .......:
Grouped by use -:
Butter, L;.adjusted ............:
Butter, adjusted 2/ ...........:
Lard . :
Food fats, oth*Ler .......,......:
Soap rats .....................:
Dryin~g oils ...o.............:
Miscellaneous oils ............:


87
62

67

63
89
66
95

69
68
40
71
66
95
84


69 'S


65
91
71
93

70



70
1 03
102


: Jauery: 1940C-41


Item


, Nov. Dec. .

Dol. Dol.


: 3


Jan.

Dol.


: : Dol I
Castor bee.ns, Brazi~lian
ce.& f., rPew York +.......: Ton :--
Copra, babs, f.o.b. -
Pacific Coast ...........:100C lb.: .1
Cottonseed, Dallas .......: Ton : 21.96
Flaxseed, ICo. 1,:
Mdinneapolis .............: Bu. :1.
Peanuts, shelled,
Runners Ho. 1, S.E. mills:100 lb.: 5.25
Soybeans, rlo. 2 Yellowr,:
Chicago .................: Pu. :.84.


-- 51.50 51.00 51.0CC


1.41 1.42 1.71
27.20 26.94 1/'26.20

1 ,59 1.64 17


1,95
30.25

2.18

5.40


5.12

1.01


4,.88


5.05

.95


Compiled from Oil, IJaint and Ifrug Reporer, ~CLaly Trade Eulleti~;1~'n (Cicao)
Daily Market R~ecord (HinnT~~'eapoliC), and reports of t~he Agricultu~ral Mlarketing
Service.

1/ Prel iminary.









:Ja?
Item 1/ :--13

:Dol.

Copra meal, Los Angeles ....: 24,15
Cottonseed meal, 41 percent :
protein, Memphis ..........: 22.60
Cottonseed meal, 41 percerst :
protein, Chi~cago ..........: 28.70
Linseed medal, 37 percent
protein, nMinneapois ......; 40).50
Linseed meal, 34 percent
protein, Nlew York .........:2 42.10
Peanut meal, 45 percent
protein, f.o.b. SE. mril.ls : 21.50
Soybean meal, 41 percent
protein, Chicago ..........: 25. 30


19 -

Table 11.- Price per ton of specifieds oileake meals
January 19879 and 19401, N~ovembier-Jalr.uary 1940-41


FOS-48


:uary 194;0-41
: 1340 : ov. : Dec. : Jan.
Dol. Dol. Dol. Dol.


22.20

28,95

35.25

28.90

26.60

22 .70

29.60


22.40

27.85

34.50

29.507

25.40

2194

29,75


26.75

30.10

36.35

34.70

38.00

33.62

33.90


21.55

29.30

35.60

28.25

27.50

24.94

30.50


Canpiled from records of the Agriculitural Farkteting Service.
If Bagged, carlots, except for peanut m~eal. 2/ 30~-32 percent pr~otein.
Table 12.- 01eomargarine: Production and materials used in manufacture,
United Stat~es, Decenter 19883 and 1939, Octlober-December 1940

Item en.br :10
~: 1936 99 Oct, : :ov, : Dec.

Production:
Colored ..................: 121 148 215 278 240
Uncolored .........,..,... 30,311 25,439 29,945 29,724 32,217
Tot al 2/ .............. : 30,3[3' 25,5~87 30,160 30,002 32,457
Materials used:
01eo oil .................: 1,009 876 1,159 1,345 1,477
01eostearine .............: 237 233 247 263 301
Lard, neutral ............: 105 2C6 427 406 776
Oleo stocked ...............: 117 79 1017 107 156
IMonostearine .............: --- --- 2? 19 19
Total, animal .........: 1,468 1,397 2,060 2,140 2,729
Cottonseed oil ...........: 10,577 8,779 11,827 10,908 13,107
Soybean oil .............., 4,198 7,575 8,~66 9,257 8,549
Peanut oil ..............: 232 194 185 157 182
Corn oil ..........,......: 135 54 19 17 34
Cottonseed stearine ......: --- --- 1 --- 1


Soybean stearine ..r.......: -----
Tot al, dome stic veget able 15,142 16,602 20,696 ~,~-~
Coconut oil ..............: 7,20J4 1,972 1,464
BBabasu oil ............: 615 659 133
Palm-kernel oil ...........: 09-- --
Total, foreign vegetable: 7,918 2,601 162
Total, fats and oils ..: 24,528 20,630 24,358 C
Mdilk *****.***..............s 5,830~- 4,C968 5,545
Salt and other miscellaneous: 1,344 1,157 1,222


20,340 21,873
1,664 1,527
56 14

1,720 1,541
20,200 26,143
5,544 6,034
1,209 1,341


Compiled from ~Internal Rsevienue records~- and cInte~-rnal R'evLen-ue-B'-.e't. Bulleti
1/ Preliminary. 2/ Total of unrounded numbers.











:: : ~ ~


.e .4

ed*


. .


a *


*


~II
Ib
11
f
iiIi
:llliL

;i;


, *, .


II11lilllllllll11llllllIIIHllIIll
3 1262 08905 1543