Cold-Storage Holdings of Refined Lard for United States
M0581DUSM435SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.60
Year-over-Year Change
-37.25%
Date Range
1/1/1916 - 12/1/1930
Summary
The Cold-Storage Holdings of Refined Lard for United States measures the volume of refined lard inventories held in commercial cold storage facilities across the country. This trend provides insights into the supply and demand dynamics of a key ingredient used in food processing and manufacturing.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Refined lard is an important commodity for the food industry, used as a cooking oil, baking shortening, and in various processed food products. Tracking cold-storage holdings helps economists and policymakers understand inventory levels, production, and consumption patterns for this essential agricultural commodity.
Methodology
The data is collected through monthly surveys of commercial cold storage facilities by the U.S. Department of Agriculture.
Historical Context
This metric is closely monitored by the livestock industry, food manufacturers, and government agencies to assess market conditions and inform policy decisions.
Key Facts
- Lard is a key ingredient in many baked goods and fried foods.
- The U.S. is a major global producer and exporter of refined lard.
- Cold storage holdings can signal changes in supply and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of refined lard held in commercial cold storage facilities across the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking cold storage holdings of refined lard provides insights into the supply and demand dynamics of this important agricultural commodity, which is widely used in food processing and manufacturing.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of commercial cold storage facilities conducted by the U.S. Department of Agriculture.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the livestock industry, food manufacturers, and government agencies to assess market conditions and inform policy decisions related to agricultural production, trade, and food security.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Cold-Storage Holdings of Refined Lard for United States (M0581DUSM435SNBR), retrieved from FRED.