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TABLE 6.— Prices of principal oils going into oleomargarine, 1932–47

(Cents per pound)

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Oil or fat

1932

3.8
4.9
5.1

Cottonseed, prime summer yellow tank

cars, New York
Soybean, edible, drums, 1. c. 1., New York
Coconut, refined drums, New York 3.
Peanut, refined, edible (white) drums, New

York.
Babassu, tanks, New York
Linseed oil, raw, tanks, Minneapolis.
Oleo oil, exta, Chicago, tierces.
Neutral lard, Chicago.

10.0

5. 7
5. 6
6. 4

8. 5
5. 9
6.9

9.0
7. 57
9.5

8.8
12. 17
16.1

9.5
10. 39
12.9

10.3
12. 42
13.7

10.2
6.4
8. 7
8. 76
10.7

9.4
6.4
8.8
8. 02
8.8

8.8
6.0
9.0
7.05
7.7

1 12.8
11.1
9.7
9. 70
10.8

16.9
11.1
12.3
12. 92
14. 1

16. 5
11.1
14.4
13.04
15. 6

16.4
11.1
14.3
13. 04
15. 3

16. 5
11.1
14.3
13. 04
15.6

1 19. 2
1 11.5

18.4
1 18. 30
1 21.1

33. 4
119.1
32.8
25. 74
26.4

1 Less than 12 months' average.
? Quoted as refined before 1939. Barrels before 1933.
3 Includes 3-cent processing tax, quoted as manilla edible, tanks. New York, prior to 1938.
Source: Bureau of Agricultural Economics, U. S. Department of Agriculture.

TABLE 7.Cotton States farm cash income: Total compared with part coming from cottonseed oil used in oleomargarine and competing sources,

1946

[Thousands of dollars]

743
1, 055
1, 254

795
1, 631
2, 948
1, 942

724

538 3, 533

1, 522 1, 823 1, 718 1, 088 1, 972 4, 077 3, 034 1, 285 1, 349 6, 017

2, 812
1,072
2, 655
7, 107
2, 117
1, 734
3, 340

431
18, 189
11, 772

26, 762 11, 253 22, 712 49, 958 18, 945 25, 179 20, 686 16, 020 37, 175 19, 610

2, 968 2, 627 4, 335 5, 144 3, 226 1, 648 3, 275 2, 595 5, 360 7, 350

Dairy income attribu

tuble to

Total

State

crops and

Cotton

Cottonseed

Income from cottonseed attributable to

Cottonseed

meal fed to

Cottonseed
Cottonseed
Cottonseed

oil used in dairy cows
oil
oil used in

oleomarshortening

garine

livestock

Lard

Butter 1

Other

dairy
products 2

North Carolina
South Carolina.
Georgia
Tennessee
Alabama
Mississippi
Arkansas.
Louisiana
Oklahoma
Texas

119, 799

59, 334
119, 761
182, 113
100, 801

95, 642
124, 383

82. 116
276, 128
679, 765

49, 639
73, 428
77, 156
51, 697
105, 128
186, 994
116, 968
43, 698
28, 595
192, 736

7, 155
10, 170
12, 079

7, 657
15, 717
28, 408
18, 712
6, 972
5, 180
34, 048

3, 716
5, 282
6, 274
3, 977
8, 163
14, 755
9, 719
3, 621
2, 690
17, 685

1, 671
2, 376
2, 822
1, 789
3, 671
6, 636
4, 371
1, 629
1, 210
7, 954

Total.

1, 839, 842

926, 039

146, 098

75, 882

34, 129

15, 163

23, 885

51, 229

320, 300

38, 528

1 Farm butter value plus farm value of butterfat in creamery butter production,

2 Total income from dairy products, excluding dairy production payments, less calculated income from butter. Does not include dairy production payments in lieu of price ceiling increases, January through June 1946.

Source: Cotton, cottonseed, and total dairy and total farm income from Bureau of Agricultural Economics, USDA, Income attributable to butter, cottonseed oil, etc., calculated by the National Cooperative Milk Producers Federation from BAE and other data.

TABLE 8.-Soybean States farm cash income: Total compared with part coming

from soybean oil used in oleomargarine and competing sources, 1946

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1 In part attributable to Government subsidy to soybean processors.

2 Cash income from farm butter sold plus butterfat in creamery butter times price received by farmers per pound of butterfat for cream sold at wholesale.

3 Cash income from all dairy products less income from butter. Does not include dairy production pay. ments in lieu of price ceiling increases, January through June 1916, as follows: Ohio, $11,906,000; Indiana, $8,968,000; Illinois, $13,591,000; Iowa, $15,593,000; Missouri, $6,977,000.

Source: Soybeans, total dairy and total farm income from Bureau of Agricultural Economics, USDA. Income attributable to butter, soybean oil, etc., calculated by the National Cooperative Milk Producers Federation from BAE and other data.

TABLE 9.-Relative value added by manufacture in the oleomargarine and butter

industries, United States, 1899–1939

Oleomargarine industry (oleo

margarine not made in meat-
packing establishment)

Creamery butter industry

Census year

Value added
by manu-
facture

Percent
gain over

cost of materials

With
wages
deducted

Value added
by manu-
facture

Percent
gain over

cost of materials

With wages deducted

Percent

Percent

1899. 1904 1909. 1914. 1919. 1921 1923 1925. 1927 1929 1931 1933. 1935. 1937 1939.

$4, 860, 311 1, 176, 187 1, 650, 997 4, 822, 304 13,772, 788 11, 114, 443 10, 180, 450 11, 471, 601 12, 137, 223 15, 631, 748 7, 548, 287 4, 453, 627 9, 109, 384 13, 575, 388 12,367, 479

Percent

63.6 26.5 25.4 47.0 20.9 39.3 39.3 40.4 44. 7 50.6 49.4 53.5 39. 1 43.8 56. 7

Percent

53.6
20.0
19.0
41.5
16.0
28. 5
32.3
32.3
36.4
43.2
40.5
43.3
33.5
38. 6
50.9

$16, 230, 288
25, 352, 757
30,832, 524
68,817, 272
72, 222, 164
90, 916, 360
80, 196, 239
101, 674, 191
110, 544, 034
70, 244, 607
68, 669, 138
78, 052, 197
79,652, 423
73, 469, 615

17.1
14. 7
14.5
13. 3
17.7
16.5
13.2
15. 9
17.3
17.8
21.6
18.4
15.6
17.5

11.7 10.6 9.7 9.7 12.1 12.0 12.9 11.9 13.4 13. 1 16.5 14. 3 11.7 13. 1

Source: Bureau of the Census, U. S. Department of Commerce.

76269448-18

TABLE 10.-Relative price movements of butter, oleomargarine, butterfat, and

fats and oils used in oleomargarine, 1925–47

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1925. 1926. 1927 1928. 1929 1930 1931. 1932 1933. 1934. 1935 1936. 1937 1938. 1939 1940. 1941. 1942 1943 1944. 1945. 1946. 1947

Cents per
pound

44. 1
42.8
45.8
46.0
43.8
35.3
27.0
20.1
20.8
24.8
28. 8
32.0
33. 2
27. 1
25.4
28. 7
33.8
39.5
44.0
41.5
42.3
61.9
70.6

Cents per
pound

22. 5
21.3
21. 2
21.0
20.5
19.0
14.0
11. 2
10.5

9.8
15.1
15. 1
15.8
15.5
14.7
14.8
15.8
19.0
19.0
19.0
19.0
23.0
36.9

Cents per
pound

42.4
41. 6
44. 5
46.1
45. 2
34. 5
24. 8
17.9
18.8
22.7
28. 1
32.2
33. 3
26.3
23.9
28.1
34. 2
39.6
49.9
50.3
50.5
64.3
71.7

Cents per
pound

12. 2
13. 2

9.3 11.4 10. 2 9. 1 6.6 5.4 5. 2 6.6 10.3 10.1 10.1 8.1 7.3 6.8 10.9 14.2 14.3 14. 6 14. 8 18. 2 28. 2

51.0 49.8 46.3 45.7 46.8 53. 8 51.9 55.7 50.5 39.5 52.4 47.2 47.6 57. 2 57.9 51.6 46.7 48. 1 43. 2 45. 8 44.9 37.2 52.3

54. 2 62.0 43.9 54.3 49.8 47.9 47. 1 48. 2 49.5 67.3 68. 2 66.9 63. 9 52. 3 49.7 45.9 69.0 74.7 75. 3 76.8 77.9 79. 1 76.4

1 Weighted average.
Source: Bureau of Agricultural Economics, U. S. Department of Agriculture.

TABLE 11.Retail price and farmers' share: Butter and oleomargarine, annual

1919-47; by months, 1946–48

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Retail
price

71.5 90.6

71.4

Cents per Cents per
pound

pound
39.7 11. 19
40.8 8.53
30.4 4.00
26.9 4. 54
28. 2 4. 33
29.5 5. 63
30.4 5. 25
30.3

4. 66 28.4 4.32 27.4 5.37 27.1 4. 90 25.5 4.27 20.0 3. 03 15.5 1. 62 13.8 1.87 13.6 3. 17 18.8 5. 07 18.5

5. 09 19. 2 4. 76 17.5 3.30 16.7 3. 28 15.9 3. 29 17.1 5. 05 22. 1 7.94 23.6 8. 07 24. 1

8. 41 24. 1 8. 45 28.3 9. 12 40.9 12. 78 24. 3 8. 33 24. 3 8. 32 24.1 8. 28 24.1 8. 23 24.3

8. 22 24. 1 8. 18 25. 2 8. 29 30.4 9. 27 26. 5 9. 34 27.2 10. 22 42.5 11.35 42.5 11. 65 42.3 10.87 41.9 10. 91 43.9 10.72 45.7 11.00 41.3 11.31 40.3 12. 15 39.9 12. 04 39.9 12. 79 36.1 12. 67 38.1

13. 40 39. 1 13. 99 41.7 14. 09 42.0 14. 32

Percent

28 21 13 17 19 19 17 15 15 20 18 17 15 10 14 23 27 28 25 19 20 21 30 36 34 35 35 32 31 34 34 34 34 34 34 33 30 35 38 27 27 26 26 24 24 27 30 30

74 75 77

75 78 79

35 35 36 34 34

Source: Price Spreads Between Farmers and Consumers, Miscellaneous Publication No. 576, U. S. Department of Agriculturu, September 1945. Marketing and Transportation Situation, Bureau of Agricultural Economics, U. S. Department of Agriculture periodical.

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