Abstract

Within the past 25 years, the United States has evolved from a nation importing fats and oils to the status of major supplier of these products in the world markets. A principal contribution to this reversal has been the soybean crop, which totaled only 46 million bushels in 1937, whereas it was 693 million bushels in 1961. Another contributing factor has been the rapid expansion of our livestock industry. With this tremendous increase in production has come the realization that new and improved industrial uses must be found for these farm products in order to absorb excess productive capacity. Thus, in 1961, the per capita consumption of fats

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