August 1966 



COMMERCIAL FISHERIES REVIEW 



33 



(2) greater fish meal demand in Europe, and 



(3) the resulting high price levels. 



The rapidly increasing price levels offish 

 meal during 1965 caused greater substitution 

 of other feed ingredients in broiler rations. 

 Some feed producers completely eliminated 

 fish meal in broiler rations while others de- 

 creased its use significantly. 



The price of domestically-produced fish 

 meal is closely related to the world price as 

 two-thirds of the U. S. consumption is sup- 

 plied by imports. The underlying factors 

 which caused fish meal prices to soar to rec- 

 ord heights in 1965 were a smaller world 

 production and an increasing demand which 

 resulted in keen competition for available 

 supplies in the world market. 



With a strong world demand for fish meal 

 prevailing throughout 1965, and smaller quan- 

 tities available, prices of both foreign and 

 domestic meal rose to record levels. The 

 domestic output of fish meal in 1965 was 

 larger than in 1964, but imports, largely from 

 Peru, were significantly smaller as a result 

 of lower production in that country and high 

 European prices. 













Dollar! 

 200 



■ 



P<r To 



n 





























































'9*5 V 



1 



•■' 



1 









"•• , 































100 



„,.«»'"]"" 



"" 



.111'""" 



cj n; 



_^^« 

 m^^^ 







1964>^^'__ 





■ ^■ai 











1963*^ 













































' 













- 













- 



/^ 



J 



U FES 



MAR APR HAY JUN JUL AUG SEP OCT 



NOV D! 



C 



Fig. 2 -Average monthly Peruvian fish meal prices, 1963-65, 



Domestic fish meal prices opened in Jan- 

 uary 1965 about $10-$12 a ton above a year 

 earlier but failed to drop seasonally when the 

 menhaden fishery started in April, Prices of 

 both foreign and domestic fish meal rose 

 steadily throughout the year to levels signifi- 

 cantly above a year earlier and closed at rec- 

 ord prices of $180-$186 a ton in December-- 

 about $40 -$45 above a year earlier. (U, S. 

 Bureau of Commercial Fisheries, Branch of 

 Current Economic Analysis, Industrial Fish- 

 ery Products Section.) 



U.S. FISH MEAL, OIL, AND SOLUBLES: 



Production by Areas , June 1966 1 Prelimi- 

 nary data as collected by the Bureau of Com- 

 mercial Fisheries, U. S. Department of the 

 Interior: 



U.S. Pioductioniy of Fish Meal, Oil, and Solubles, 

 June 1966 (Preliminary) with Comparisons 



Area 



Meal 



Oil 



Solubles 



rune 1966: 



East & Gulf Coasts 



West Coast!/ 



Short 

 Tons 



31,414 



2.507 



1,000 

 Pounds 



33, 966 

 332 



Short 

 Tons 



13,938 

 1,458 



Total 



33,921 



34,298 



15, 396 



[an. -June 1966 Total 



ian. -June 1965 Total 



72, 696 

 98,809 



60,439 

 77.244 



31,936 

 35,524 



1/Does not include crab meal, shrimp meal, and liver oils, 

 includes American Samoa and Puerto Rico. 



)fc jk J{ 5lj ;fc 



Production , April 1966: During April 1966, 

 a tot al of 5,429,000 poun ds of marine animal 



Table 1 - U. S. Production of Fish Meal. Oil. and Solubles. 

 April 1966 1/with Comparisons 



Product 



April 



Jan.-Apr. 



Total 

 1965 



1/1966 



1965 



1/1966J 1965 



Fish meal and scrap: 



..... -'Sh 





574 

 4,535 

 3,184 

 1,566 



236 

 7,305 

 1,748 

 1.492 



883 

 5.090 

 9,362 

 4.285 



1.275 

 7.468 

 7.222 

 2,997 



12.859 



175.838 



25.410 



27.984 



Menhaden 2/ 



Tuna and mackerel. . . 

 Unclassified 



Totals/ 



9,859 



10,781 



19.620 



18.962 



242.091 



Fish solubles: 

 Menhaden 



1.559 

 2,068 



2,147 

 1,030 



4.213 

 4,685 



2,147 

 3.459 



74.405 

 23,612 





Total 



3.627 



3.177 



8.898 



5.606 



98.017 



Oil, body: 



. (\ nnn Pounds* 1 



181 



4.529 

 431 

 288 



105 



9,603 



239 



205 



358 

 4,660 

 1,257 



802 



576 

 9,698 

 1,083 



504 



8,603 



175.368 



4,799 



6.864 



Menhaden 2/ 



Tuna and mackerel . . 

 Other (inc. whale) . . . 



Total oil 



5,429 



10.152 



7,077 



11,861 



195,634 



i/Prehmmary data. 



2/lncludes a small quantity of thread herring. 



3/t3oes not include a small quantity of shellfish and marine animal meal and scrap be- 

 cause production dau are not available monthly. 

 Source: U.S. Department of the Interior, Bureau of Commercial Fisheries. 



Table 2-U.S. Foreign Trade in Selected Industrial Products, 

 April 1966 1/with Comparisons 



Product 



April 



Jan.-Apr. 



Total 

 1965 



1/1966 



1965 



1/1966 



1965 



Imports: 



(Short Tor 



s) 1 









270,666 

 5.138 



Fish meal and scrap 

 Fish solubles .... 



39.526 

 1.439 



39.721 

 315 



113.642 134,909 

 1,882 2,839 



Whale oil, sperm 

 (crude and refined)^ 



( 



,000 Po 







58 



23.266 



16.303 



77.105 



Exports: 

 Fish and fish-liver 



103 

 1,900 



145 

 3,079 



16,509 

 3.370, 



11,743 

 4,357 



103.807 

 5.928 



Whale and sperm oil 



j_/PrcliminarY daU. 



Source: U, S. Department of C 



ommcrcc, Bureau oi the Census. 



