The Fats and oils situation

TION




Yr 1943


In this Issue:
PRICE CONTROLS FOR FATS,
,1.';gS, AND O'LSEEDS


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WHOLESALE PRICES OF EIGHT DOMESTIC FATS
AND. C)LS. 1 9110-21, AN E 1 935-42*
INDEX NUMBERS(1910-14=100 )


-'~ 220



180

14


U.S.D


64'.


SP ie ceilings on fats and oils in 1942 were effective in preventing a
fepetition of the rapid 'inflat~ionary advance of 1917. Butter was not covered by
seriling prices until October 1942. Ceiling prices for lard were revised upward on
three occasions during the year. Linseed oil is the only fat now unrestricted by
Irie~ ceilings.


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19
19


)35 1937 1939 1941 1943 1945
)10 1912 1914 1916 1918 1920
rIBUTTER. COTTONSEED OIL. AND LINSEED OIL. NE W YORIC LARD. TA LLOW (INEDIBLE ),
GREASE. OLEO DIL. AND TALLOW (EDIBLE J. CHICAGO


InfEPA~lRTMENIFARicLTU


alEB.39332 BUREAUOF AGRICULTURAL ECONDMIC5


SIUA

r BUREAU OF AGRICULTURAL ECONOMICS
UNITED STATES DEPARTMENT OF AGRICULTURE

F05 71 JANUARYR
































































































y Tlhree-cenL pmorocessn tax added to price as or i~nlly quoted. 2/ Tanks, N.T. f Quated in drnug.


Ic.: 194,0 : 1 : Oc.toberalieveber Dwewme

aut~rri, 92-score. Chicago ....................... C4. C5 C58'~
Butter, 92-score, New IorK ........................................ 34.8 35.0 1.6.5 4.6." .6.6
01eOlamargarine, dom. vee., Chicago .................................: 11,.5 1A.1 19.0 19.0 19.0
ICompoun*Is (anian1 and veg. cooking fate), Chicago .................: P.d. 16.3 17.0 17.0 17.0
Ilard, loose, Chicagbo.......................: 4.7 10.2 12.5 12.8 12.8
Lard, priene steam, tierces, Chicago ................: I.4 10.0 13.5 3.8 13.8
Lard, refined, cartons, Chicago ...................................: 6.2 12.5i 1. 15.6 15.6
01ea oil, extra, tierces, Chiecar ................................,: 7.1 11.5 ---
01eostearine, htl., N.Y. .......................................... 6.2 10.8 10.5 10.5205 =; ;
Tallow, erdible, Chicago .......,,.................................. 4,6 9.0 --

!ICorn oil, crude, tanks, F.o.b. *nills ..............................: 5.9 11.3 12.8 12.8 12.8
Corn oth, refrned, bbl., N.Y. .....................................: 8.5 14.9 1 9.5 155 1S.5
Cottonsced all, crude, rankas, f.o.b. S. 6. Isaills .................: 4.8 12.0 12.8 12.8 12.8
Cottolseed oil, p.s.y., task ears, L.Y. ...........................: 5.9 13.1 13.7 14.0 14.0
IiPeanut all, carade, tanks, f.o.b. mills ............................: 4.9 12.1 13.0 13.0 13.0
SPeanuL ol, dom., refined, bbl., 1.Y. ............... ..............: 7.7 15.9 17.0 17.0 17.0
Soybean oil, crune, tank cars, raidwestemn mill .................: 4.5 10.1 11.8 11.8 11.8
Soybean oil, dorn., crude, druns, II.Y. ................... ..........: 6.] 12.3 13.0 13.0 13.0
I:. Soybean ol, refined, arums, N.r. ..............................*r.: 7.7 13.7 14.2 14.2 1*.2

Coconut oil, Manila, crune, tankts, f.o.b. Pacific Coast ...... 5.5 --- 11.0 11.0 1.0
Coconut oil, IMnila, crude, bulk, c.i.F. N.Y. y 2/......... 5.8 2/ 12.2 11.4 11.4 11.4
ji Coconut. oil, Iranils, refined, edlible, ranke cars, 12~b 12. ~ I.8 12./ 12.8y a~
O, live oil, edible, drum, N.Y. ....................................: 43.3 74.8 58.4 58.4 58.4
Clive oil, inedible, drums, N.T. ................'..-................: 31.7 54.8 50.0 51.2 lil.2
OLive-at1 foots, prize, drums, NJ.Y. ...............................: 10.4 18.2 19.0 19.0 19.0
Palm oil, NLger, crude, drama, N.Y. 9 ............................: 6.6 12.b 12.1 12.1 12.1
Rape oil, refined, denatured, drums, N.Y. .........................: 13.3 15.2 16.0 16.0 16.0*
Rape all, blown, dnlar., N.Y. ......................................: 17.5 17.6 18.2 18.2 18.2
Sunflower oil, Lank cars, f.o.b. N.Y. .............................: --- --- 14.3 1r. 3 14.3
Teaseed oil, anade, druas, N.Y. ...................................: 17.5 29.2 29.8 29.0 29.0
Talow No. 1, iLnedibl Chicaeo ................................,: 1.2 B.5 ----
GrasA titChc~a.......................... .1 8.7 8.8 8.8 8.8
ManIbhaden all, crude, tanks, f~o.b. Balt.1mans ......................: a.0 8.0 B,8 8.8 .
SardLne oil, crude, tanks, Pacifia Coast .............: 5.3 8.0 8.9 8.9 8.9
Whale oil, refined, bleachedL winter, dreams, N.Y. ..................: 9.5 11.1 11.1 11.1 11.1

linseed oil, raw, tank cars, !(inneapolia ..........................: 7.9 ],0.0 12.4 12.1 1.
ILnseed oth, raw, daumas, carlots, N.Y. ............................: 8.8 10.8 13. 5 13.3 13.2
Sperilla ath, erude, druas, NI.Y. ...................................: IB,0 22,824. 24.5 24.)'i .
C~Itide aLl, druna N.Y. ......................................: 19.0 ~228 25.0 2=i.0 25.0 ii'
Tung onl, drums, a. T. ................... ................... ......,- 26.9 36.4 39.0 39.0 39.0

Castor oil, No. 3, bbl., N.Y. ................................. ... 9,8 12.5 13.8 13.8 13.0.
Cj:::.aster all, No. 1, Lanks, 1I.T. ..........,..........................: 9.5 L1.8 19.0 13.0 1.
DEantor oil, dehydrated, drums, carlota, ti.T. ......................: 13.1 16.9 18.6 18.6 18.6 ;l
Ca;d-liver oil, med. Ur.S.P. bbl., N.Y. ...........................: 31.5 38.0 36.I. 36.4 36.5 4);:
oil, Newfoundland, drum, N.Y. ................................: 8.0 10.5 12.0 12.0 2

INDEE NIJiRElRS (19321-29~ 10
ili.:' Ei6 alletic fata and oils (1910-1LA 100) ......................: 91 118 11.9 150 150
&lkgh Goinatiic fats and alls ......................................i 64 84 106 107 107

P1.A't land oila (27 *itemns) ........., .................. ...... 70 93 111 112 112

a ~i............................................. 69 80 104 106 104
liarine anim1d alls ............................................ 67 118 L27 127 127
Vegletable oila, domest~iC ..................... 61 117 126 128 128
Vegehah1,a oils, foreign ............. ......................... 92 11.9 165 14'i 145.


Ba 8tters seasonally adjusted .....................................: 71 71 101 96 94
Lal'd **.*................................................; 34 76 103 105 105
Other flood fatal ............................................. 68 136 133 131, 134
All food fata ............................................. 70 88 109 110) 10
Sop rtab ...............................................: 61 121 119 119 12.9
During oils ............................................... 89 112 134 132 1?2
Misceellaneous oila ............................................ 84 106 117 117 11.7
.AIL1 Indstrial fats and oiled ................................,,s 73 117 125 125 124
Prices compiled tmrai Oil, Paint and Drue Reporter, The National Pmwislaner, The Joumnal of Camrse Ibnork), and
reports of the I-rtratrural '!rketing Admninstration and Bureau of Labor St~atistice. Prices quoted ineldler remain
4gzes and duties where applicable. Ind~e number for earlier years beginning 1910 gre given in Tchnical Bulletin
N0. 737 (19406) and Thnr Pata and 0115 Situation beginning December 191.0.


Table 1.- 11holesale pries per pound at fata and oils at spectried inara~te, lad inda ,.
snubers of prices. December 191r0 and 1961, Cobober-Decembr 1942


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UNIVERSITY OF FLORIDA