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Dry milk market report for ...
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Full Citation
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Permanent Link: http://ufdc.ufl.edu/AA00011437/00001
 Material Information
Title: Dry milk market report for ...
Physical Description: v. : ; 21 x 39 cm.
Language: English
Creator: United States -- Bureau of Agricultural Economics. -- Market News Service
United States -- Bureau of Agricultural Economics
Publisher: The Dept.
Place of Publication: Washington, D.C
Publication Date: [1926-
Frequency: monthly
regular
 Subjects
Subjects / Keywords: Dried milk -- Prices -- Statistics -- Periodicals -- United States   ( lcsh )
Genre: serial   ( sobekcm )
statistics   ( marcgt )
federal government publication   ( marcgt )
periodical   ( marcgt )
 Notes
Statement of Responsibility: United States Department of Agriculture, Bureau of Agricultural Economics, Market News Service.
Dates or Sequential Designation: Apr. 1926-June 1938.
General Note: Title from caption.
Citation/Reference: A36_180
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 39506362
ocm39506362
System ID: AA00011437:00001
 Related Items
Preceded by: Powdered milk market report for ...
Succeeded by: Monthly dry milk report for ...

Table of Contents
    April
        Page 1930-4-25_1
        Page 1930-4-25_2
    May
        Page 1930-5-26_1
        Page 1930-5-26_2
    June
        Page 1930-6-26_1
        Page 1930-6-26_2
    July
        Page 1930-7-29_1
        Page 1930-7-29_2
    August
        Page 1930-8-28_1
        Page 1930-8-28_2
    September
        Page 1930-9-26_1
        Page 1930-9-26_2
    October
        Page 1930-10-28_1
        Page 1930-10-28_2
    November
        Page 1930-11-28_1
        Page 1930-11-28_2
    December
        Page 1930-12-27_1
        Page 1930-12-27_2
Full Text





25, 1930.
A^t'R, 25, 1930.


UNITED. STATES DEPART-,'ENT OF AGRIC'JLTURE
BUREAU OF AGRICOLTU-AL. ECONOMICS
MARKET NEVS SERVICE


WASHINGTON, D.C.


ODRY KILk MARKET REPORT FOR APRIL 1930
FANUFACTUR~ERS' WHOLESALE SELLING PRICES DURING MARCH
THE WHOLESALE PRICES.GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBDERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS..OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCt SOLD.


DRY SKIM MIL<
(BULK GOODS)


TOTAL
G ..RAND TOTAL


REPORTED SALES
POUNDS
IN BAGS IN .BBLS.


IN POUNDS
BAGS IN BBLS.


25,460
1,898,672
2,607,719
I ,124,413
54,744
935,931
58,678
T


6,705,617


226,392
2,404,208
3,623,000
3,076,762
952,910
360,060
23,929
96,800


10,766,360
17,471,977


DRY WHOLE MILK
(BULK GOODS)


RE;-ORTED SALES 1


PRICE


201
211
22.1

241
25


POUNDS


210
22
231
24,
25.
261


36,986
31,540


59,738
385,099


513,363
513.363


DRY BUTTERMILK
(BULK GOODS)
REPORTED SALES
POUNDS
IN BAGS IN BBLS.


400
153,660
70,400


3,728,288


224,460
3,952,748


AVERAGE PRICE MAR. '1930 .6.60 25.380 6.720
"; FEB. 1930 6.960 25.670 6.860
MAR. 1929 8.255 26.230 6.630
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB.. CANS) 47.970 PER LB.
DRY BUTTERMILK 8.720 PER LB.


WHOLESALE SELLING PRICES F. 0. B. DISTRIBUTING POINTS MARCH
DRY SKIM MILK
(CENTS PER LB.)


'BOSTON
NEW YORK
--PFTgDELPH ITA
:GH I'CAGO
CLEVELAND
ST.' LoUIS


BAGS
7. 1
6.- 6.7
5.5 6.31


BBLS.
8.6 9
.67.- .,9.- -
6.125- 9
6.75- 10.5
7.5 9
8 9


KANSAS CITY
SEA-T XL--
PORTLAND
LoS ANGELES
SAN FRANCISCO


MANUFACTURERS' STOCKS OF CRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY TH-EM OR PURCHASED.FROM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN T-ANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

TOTAL STOCKS ON HAND
.CLASSES OF APRIL I, 1930
DRY MILK IN BAGS IN BARRELS TOTAL POUNDS (A) IRMS*
(POUNDS) (Po.NDS)TAL POUNDS (A) FIRs__

WdOLE MIL<' 0 1,333,388 1,526,149 12
SKIM MILK 5,958.228 17,897,376 24,026,885** 108
PART SKIM 0 800 61,313 4
CREAX POWDER 0 458 458 2
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 192,461 POUNDS;
SKIM MILK, 178,281.POUNDS; PART SKIM MILK, 66,313 POUNDS.
** EQUIVALENT TO 51 DAYS REQUIREMENTS: ON THE BASIS OF THE AVERAGE
DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY THE BUREAU OF
AGRICULTURAL ECONOMICS, THE STOCKS OF DRY SKIM MILK ON APRIL I WERE
EQUAL TO 51 DAYS REQUIREMENTS IN COMPARISON WITH 31 DAYS ON APRIL I,
1929, AND 51 DAYS ON MARCH I, 1930.

COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SA.1E FIRMS .REPORTING
CLASSES OF
DRY MILK I PREVIOUS YEAR PREVIOUS MONTH
_____FIRMS* *APR. 1,1930 ApR j 1929 FIRMS* APR.1',1930 MAR.1,1930
WHOLE MILK 12 1,526,149 1,066,339 12 _1,526,149 1,780,449
SKIM MILK 82 22,376,733 12,760,414 106 23,998,478 24,227,422
PART SKIM 4 '61,313 63,367 4 61,313 88,117
CREAM POWDER 2 458 11,732 2 458 120
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
APRIL 1930


PRICE


5 -
.5 -
6 -
6i -
7 -

8
8 -

.9 -
9I-

10 -


5-0
2
6
68
-.7
71
81

92
91
10
10 ;


BAGS

..,..-6 -75-' -. .
6.3 6.5
6.25


BBLS.
8 9
6.-6-- 8- -- -
6.6- 8
7- .9.5.
6.5- 8


- ___- 2,299_ .








PAGE 2


PRODUCTION OF DRY MILK REPORTED SY MANUFACTURERS MARCH

INCLUDES REPORTS FROM PRINCIPAL FIRlfS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* MAR. 1930 MAR. 1929 FIRMS* MAR. 1930 FEB. 1930

WHOLE MILK 1 593,995 421,517 II 593,895 207,605

SKIM MILK 81 15,123,868 12,346,734 104 16,861,303 13,998,727

PART SKIM 2 2,900 15,000 2 2,900 82,200

CREAM PO'VDER I 338 0 I 338 0

BUTTERMILK 67 3,876,664 2,690,428 72 3,894,788 3,096,741
REPORTS INDICATE THAT MARCH PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0.48%; BARRELS 75.02%; CASES 24.50 .
DRY SKIM MILK: 39.3. ; 60.48%; 0.13%.
DRY PART SKIM: 0 100.00%.
DR"Y BUTTERMILK: 94.29%; 5.71%.
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY.
EXPORTS AND IMPORTS OF DRY MILK DURING MARCH 1930

EXPORTS IMPORTS
EXPORTS TO POUNDS IMPORTS FROM POUNDS
EUROPE EUROPE
PORTUGAL 8,595 NETHERLANDS 181,968
ITALY 14,430 UNITED KINGDOM 284
UNITED KINGDOM 218,100
NORTH AMERICA NORTH AMERICA
HONDURAS 11,540 CANADA 113,765
MEXICO 76,115
SOUTH ERICAA
BRAZIL 69,772
COLOMBIA 20,933
VENEZUELA 20,561
ASIA
BR. MALAYA 7,995
CHINA 20,061
JAPAN 49,725
OCEANIA OCEANIA
PHILIPPINE IS. 22,796 NEW ZEALAND 2,022
OTHER COUNTRIES 88,378
TOTAL MARCH- 1930 629,001 TOTAL MARCH 1930 298,039
TOTAL MRCH 1929 454,324 TOTAL MARCH 1329 524,584
JAN. MR. (INC.) 1930 2,026,991 JAN. MAR. INC. 1930 688,108
JAN. MAR. (INC.) 1929 1,314,514 JAN. MAR. (INC.) 1929 1,127,931


(COMPILED


FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC


COMMERCE.)


DRY "'ILK M..RKETS WEAK AND IRRGSULR -


STOCKS HEAVY DE.'AND INCREASED


ALTHOUGH MORE OPTIMISM AS TO THE
FUTURE TRENDS OF THE DRY MILK MARKETS
PREVAILED DURING APRIL, THE TONE OF THE
MARKET FAILED TO SHOW ANY MATERIAL
STRENGTH AND RULED WEAK AND IRREGULAR.
AT THE CLOSE OF THE MONTH, HOWEVER, A
BULLISH TREND WAS NOTICEABLE IN A FEW
QUARTERS;' ACCORDING TO CURRENT TRADE
REPORTS RECEIVED BY THE BUREAU OF
AGRICULTURAL ECONOMICS. CONCESSIONS
CONTINUED TO BE FREELY OFFERED IN AN
EFFORT TO FURTHER REDUCEAABNORMALLY HEAVY
STOCKS. .BECAUSE OF THE RATHER INDIFFER-
ENT DEMAND FOR DRY SKIM MILK FOR HUMAN
CONSUMPTION, SH-ARP PRICE REDUCTIONS WERE
MADE IN SOME MARKETS TO ENCOURAGE BUYERS
TO TAKE ON ADDITIONAL SUPPLIES. ON THE
WHOLE, TRADING WAS CONSIDERABLY MORE
ACTIVE THAN FOR SOME MONTHS ESPECIALLY SO
ON THE LOWER GRADES OF SKIM MILK WHICH
ARE USED BY FEED MANUFACTURERS AND
FE.EDERS. BUYE."S HAD BEEN OPERATING ON A
CONSERVATIVE BASIS THROUGHOUT THE WINTER
AND EARLY SPRING SEASON AND, AS A RESULT,
WERE OBLIGED TO PURCHASE RATHER HEAVILY
IN ORDER TO SUPPLY THEIR NEEDS. PRO-
DUCTION CONTINUES TO INCREASE, AS ONE
WOULD EXPECT AT THIS SEASON OF THE YEAR;
IT IS HOPED, HOWEVER, BY THE TRADE, THAT
FAVORABLE ACTION ON THE PROPOSED TARIFF
RATES ON CASEIN WILL STIMULATE THE PRO-
DUCTION OF THAT PRODUCT AND THUS PROPOR-
TIONALLY REDUCE THE MANUFACTURE OF DRY
SKIM MILK.

AS STATED IN THE CURRENT REVIEW.A
MONTH AGO, THE P-ICE TRENDS ON ALL
CLASSES OF DRY MILK PRODUCTS WERE TOWARD
A LOWER LEVEL. A COMPARISON OF REPORTED
SALES DURING MARCH WITH THOSE OF FEBRUARY
SHOWS THAT THE AVERAGE PRICE OF SKIM MILK
DECLINED 33/IQ0 6 WHOLE MILK 29/1000, AND
BUTTERMILK 14/1 00. AN ITEM OF NOTE IS
THE.FACT THAT, FOR THE FIRST.TIME SINCE-.
THIS REPORTT 'AS INITIATED, THE PRICE OF
DRY BUTTERMILK EXCEEDED THAT OF DRY SKIM
MILK. AS POSSIBLE REASONS FOR THIS


OCCURRENCE THE FOLLOWING MAY BE LISTED:
FI'TST, THE PROPORTIONALLY HEAVY SALES OF
THE LOWER GRADES OF SKIM MILK, AND SECOND?
THE IMPROVED QUALITY OF DRY BUTTERMILK.
COMPARED WITH A YEAR AGO, MARCH PRICES OF
SKIM AND WHOLE MILK WERE RESPECTIVELY
165/1000 AND.85/1000 LOWER, WHOLE
BUTTERMILK AVERAGED 9/1000 HIGHER. SALES
OF BOTH SKIM AND WHOLE MILK HAVE SHOWN
CONSISTENT INCREASES DURING THE LAST
SEVERAL MONTHS AND SALES OF BUTTERMILK
POWDER, WHICH WERE COMPARATIVELY LIGHT
DURING FEBRUARY, INCREASED OVER 44.4 PER
CENT DURING MARCH. IN COMPARISON WITH
MARCH, 1929, SALES OF DRY SKIM, WHOLE
AND BUTTERMILK, DURING THE CORRESPONDING
MONTH THIS YEAR, WERE RESPECTIVELY 50,
15, AND 27 PER CENT HEAVIER.

STOCKS OF ALL CLASSES OF DRY MILK
SHOWED ENCOURAGING REDUCTIONS DURING
MARCH, BUT HOLDINGS OF SKIM AND WHOLE
MILK, THE TWO MOST IMPORTANT DRY MILK
PRODUCTS ON WHICH STOCKS FIGURES ARE
AVAILABLE, ARE STILL ABNORMALLY HEAVY IN
COMPARISON WITH A YEAR AGO. STOCKS OF
DRY SKIM MILK ON APRJL I AMOUNTED TO
SLIGHTLY OVER 24,000,000 POUNDS A
SUPPLY LARGE ENOUGH TO FILL THE REQUIRE-
MENTS OF THIS COUNTRY FOR 51 DAYS. IN
SPITE OF THE LIGHTER REQUIREMENTS OF A
YEAR AGO, STOCKS AT THAT TIME WERE ONLY
SUFFICIENT TO LAST FOR 31 DAYS. SEASONAL
INCREASES TOOK PLACE IN THE PRODUCTION
OF ALL DRY MILK PRODUCTS, EXCEPT PART
SKIM MILK, DURING MARCH. THE:
GREATEST RELATIVE INCREASE OCCURRED
IN THE MAKE OF WHOLE MILK WHICH WAS
OVER 100 PER CENT HEAVIER. IN
COMPARISON WITH A YEAR AGO, MARCH
PRODUCTION EXCEEDED THAT OF LAST
YEAR FOR THE SAME MONTH IN EVERY
INSTANCE EXCEPT, AGAIN, ON PART
SKIM MiLK WHI-CH, OF COURSE; IS"
ONE OF THE LESS SIGNIFICANT DRY MILK
PRODUCTS.


C6L9 6ZLO8 AZ91.

VOiNO7-1 40 klIS :AINn


"


APRIL 1930








MAY 26, 1930.


UNITED STATES DEPARTf'ENT OF AGRICULTURE
BUREAU OF AGRICuLTURAL 'EONOMI C
MARKET NEWS SERVICE

DRY MILK !' ARAKET REO-T FOR MAY 1930


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING PRICES CD'RING APRIL
THE WHOLESALE PRICES GIVEN SELO"W ARE S/SED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.:B. FACTORY 1N THE BASIS OF- CASH OR SI'ORT TIME CREDIT. 'IDE RANGES IN PRICES
.MAY .BE IN PART"ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK :DRY WHOLE F'ILK DRY DUTTERI LK
-.U(BULK GOODS_ ) (BULK GOODS) (BULK GOODS)


5 -
5 6
6 63
6 7
S 7 7-1-
8:.7- .- .8


S 9 -.- 9
," a


TOTAL .
.GRAND. TOTAL


REPORTED SALES'
POUNDS
IEN BAGS IN S:iLS.


1,121,:791
2,589,924
I,959,134
1,898,916
.26,441-
3,278
17,776


7,717,260


----- -. 1---I


2,425.,596
1,809,308
3,036,27.1
.5,706, 131.
- .287,951
..867,960
.1'53.,425
S63,000


14,349,642
22,366,902.


REPORTED ,ALES


.20
201 .
21-
22X
23-.
.244
"25.


PRICE


POUNDS


20 T
21 .
221,
2' .

24-1
25
261- .


.1,397
24,602

6,000
328,712
488, 706
1,200


I- - +. _


850,607
850,607


REPORTED SALES
POUNDS
PRICE' IN BAGS IN BOLS.
-.5 160, 915 12,464
S- 6-1- 904,604 227,834
7X 2,590,434 16,800
S- 8- 245,807 .297,321


3,901,760


554,419
4,456,179


AVERAGE .PR ICE' APR.,9,:930 6.470 24.000 6.810
: MAR:.-1930 6.600 25.380 6.720
.'" AFR. ?2'9 8. i0 ..O. .25.95 *6.640
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 47.98C3 PER LB..
DRY BUTTERMILK 8.68* PER LB.

WHOLESALE SELLING PP.ICES F. 0. B.. DISTRIBUTING POINTS APRIL


DRY SKI MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHI A
CHICAGO
CLEVELAND
ST LoUI s


5.


BAGS BBL.S. : ,
.5 8 7 .- .10
6,65 -5.5 9
S 6.125 9
6 6.3 5.9 10.5
6.25 -
S5.5 6- 9


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCDISCO


BAGS BBLS.
7.9 9
6.5- 9
6.25 7 8
-6.5 9.5
6: 8


.....MANUFA0TURERS' STOCKS OF DRY MILK
'TOTAL STOCKS ON HAND INC-LUoES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FROM OTHERS, WHETHER ON
THEIR OWN PREMISES, IN.STORAGE OR IN TRANStT (UNSOLD) FOR WAREHOUSE CONSIGNMENT,
AND WHETHER SOLD OR CONTRACTED FOR SALE OUT NOT DELIVERED.

TOTAL STOCKS ON HAND
CLASSES OF __?iAY I 1930
DRY .4IVLKNBAG INARRELS
SIN BAGS IN AouRELS TOTAL POUNDS (A) FIR
PrOUNDS) (Pou~ Ios
SWHOLE MILK __ 2,549,580 2,733,415 II
SKIM MILK 5,692,083 18,293,460 21,985,543** 106

SPART SKIM 183,500 300,941 484,441 4

CREAM rPO DER 0 17,862 17,862 3
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK, 183,835 POUNDS.
** EQUIVALENT TO 48 DAYS REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAI-LY REQUIREMENTS FOR THE PAST YEAR, AS .REPORTED BY THE
BUREAU OF.AGRICULTURAL ECONOMICS, THE STOCKS.OF DRY SKIM MILK ON
MAY I WERE EQUAL TO 46 DAYS REQUIREMENTS IN COMPARISON WITH 43
DAYS ON K.AY I, 1929, AND 51 DAYS O.N APRIL I, 1930.


CLASSES OF
DRY MILK


,WHOLE MILK
'SKIM MILK


PART SKIM
CREAM POWDER


*


CO:'PARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
PREVIOUS YEAR PREVIOUS MONTH


F IRMS


MAY I, 1930 I MAY I, 1929


FI RMS*


MAY I. 1930


I. t .1.- 1


.I 859.364


Fi90n' 729


I 8593564


APR. 1,1930


I 431.569


_ ,
.... ,


: 19.346.R4


39,.569


14.92 1 72


4. 580


-T t ~ -1 c '2- L ---- ~


458


IB: 851


* 2


Pn 197 897


396.569


458


k ?.898R


3,957


S.800


458


FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF- FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY,


(OVER)

MAY .1930


.. .. ... ..,. .
:.,..;..


PRICE





`-----'----~- "


---4


, ,
,


--- I I I


t


- - I


:1 n0




*p~------"`-"am;rmrl-~-:~~r)r` ?~y~~i~~::2%l(.rr


~x-?c~lr~.;r:*l-:


INCI.UDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.


CLASSES OF
DRY MILK


WHOLE MILK


SKIM MILK


COMPARISON OF:'PRO'DUCTION (POUNDS) FOR SAME FIRMS


PREVIOUS YEAR


FIRMS*I APR. 1S30


I .237.016


I. DPR8.3R;


APR. 1929


82,7.761


I3R8P PR2 I


FI RMs*


8


PREVIOUS MONTH
APR. 1930 MAR. 1930


1,237,016


18.569.403


S 544,998

16,123,203


PART SKIM .I 4 800 484 4 4,800 2,900
CREAM POWDERMI0 I 0 0 I 0 338

BUTTERMILK 69 3,944,321 3,481,191 70 3,952,357 3. 880.,665


DRY
DRY
DRY
DRY


REPORTS INDICATE THAT
WHOLE MILK; BAGS 0.10%;
SKIM MILK: 33.95o;
PART SKIM: 0
BUTTERMILK: 87.06%;


APRIL PRODUCTION WAS P/
BARRELS 6,78,; CASES
66.05 .
I" I C0.OOC.
12.82%; CASES


\CKED AS FOLLOWS:
I3.12o.


0.12%.


* FIGURES SHOWING NOM3ER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS-OPERATE MORE THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING APRIL 1930


EXPORTS TO
. ': EUROPE
RACE
ITALY
UNITED KINGDOM
NORTH AMERICA
S MEXICO
PANAMA
SOUTH AMER I CA
BRAZIL
COLOMBIA
PERU
VENEZUELA
ASIA
CHI NA
JAPAN
OCEANIA
PHILIPPiNE IS.
OTHERCO0UNTRIES


EXPORTS


POUNDS

62,775
I 4,841
162,590

26,588
42,612

60,268
15,533
12,998
23,316

51,471
31,775

28,975
102 731


IMPORTS FROM
EUROPE
NETHERLANDS.


NORTH AMERICA
CANADA






ASIA
SYRIA

OCEANIA
NEW ZEALAND


I IMPORTS


POUNDS

170,874



47,326







138


1,944


:TOTAL APRIL 1930 636,4T3 TOTAL APRIL 1930 220,282
TOTAL APRIL IS29 479,554 TOTAL APRIL 1929 .379,676
JAN. APR. (INC.) 130 2,663,464 JAN. APR. (INC.) 1930 908,390
JAN..; APR.. (INC.) 1929 1,794,068 JAN. APR. (INC.) 1929 1,507,607
(COMPI.L-ED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE.)

DRY MILK MARKETS CONTINUE WEAK STOCKS REMAIN HEAVY DEMAND ENCOURAGING'


THE TONF OF THE DRY MILK MARKETS
CONTINUED WEAK DURING MAY, ALTHOUGH MANY
DEALERS CONTINUE TO FOSTER A MORE OPTI-
MISTIC VIEWPOINT. ACCORDING TO REPORTS
RECEIVED BY THE BUREAU OF AGRICULTURAL
ECONOMICS, CONCESSIONS WERE OFFERED IN
NEARLY ALL QUARTERS IN AN EFFORT TO
STIMULATE SALES. THESE PRICE CONCESSIONS,
IN ADDITION TO SOME INTENSIVE SALE
EFFORTS ON THE PART OF INDIVIDUAL
CONCERNS, HAVE STIMULATED DEMAND IN A
NUMBER OF QUARTERS. OTHER FAC-ORS
STIMULATING CONSUMPTION WERE A WARM PERIOD
DURING THE EARLY .fPT OF THE MONTH,. WHICH
HELPED TO INCREASE THE DEMAND FROM THE
CONFECTIONERY rND' ICE CREAM TRADE, AND
THE MORE ADVANCED HATCHING SEASON, WHICH
BROUGHT ADDITIONAL INQUIRES FROM FEED
MANUFACTURERS. WHILE PRODUCTION IS
INCREASING, AS WOULD BE EXPECTED AT THIS
SEASON OF THE YEAR, IT IS HOPED, BY THE
TRADE, THAT FAVORABLE ACTION ON THE
PROPOSED CASEIN TARIFF RATES WILL DIVERT
MORE SKI.M MILK INTO CASEIN MANUFACTURE.
THE CONTINUED LIGHTER PRODUCTION OF MOST
OTHER DAIRY PRODUC-TS,. IN COMPARISON WITH
A YEAR AGO, WOULD ORDINARILY ALSO INDI-
CATE A LIGHTER PRODUCTION OF AT LEAST
SOME CLASSES OF DRY MILK. THUS THE DRY
MILK SITUATION. IS .NOT ENTIRELY DISCOURAG-
ING, ALTHOUGH IT IS RECOGNIZED BY MANY IN
THE TRADE THAT GRADES ARE ESSENTIAL AS.A
BASIS FOR FUTURE MARKET STABILIZATION.

AS IS INDICATED BY THE AVERAGE
MONTHLY SALES PRICE, SKIM MILK DECLINED
13/1000 FROM THEAVERAGE OF THE PREVIOUS
MONTH AND 163/1000 FROM THAT OF A YEAR
-AGO. THE LARGE VOLUME OF SALES WITHIN
THE.ILOW PRICE RANGES-INDICATE THAT THE
BULK OF THE DRY SKIM MILK SOLD DURING THE


MONTH WAS USED FOR FEEDING PURPOSES. THE
AVERAGE PRICE OF WHOLE MILK DECLINED
138/1000 FROM THE PREVIOUS MONTH AND
19-:.I100i' FROM THE SAME MONTH A YEAR AGO.
BUTTERMILK AC.-IN EXCEEDED SKIM MILK IN
."' ICE, AS IT DID LAST MONTH FOR THE FIRST
TI4':, AND AVERAGED 9/100 HIGHER THAN FOR
:: /iRCH AND 17/1000 HIGHER THAN FOR APRIL
A -YEAR AGO. THE DECLINES ON SKIM AND
WHOLE MILK ARE A REFLECTION OF THE
WEAKNESS Of THE MARKET, ALTHOUGH SOME
DECLINES ARE USUAL ON THESE PRODUCTS AT
THIS SEASON OF THE YEAR.-

A FEATURE OF NOTE IN THE DRY MILK
SITUATION IS THE FACT THAT WHILE THE PRO-
DUCTION OF SKIM MILK POWDER SHOWED AN
INCREASE OF AROUND 15.2 PER-CENT DURING
APRIL THE HOLDINGS OF THIS CLASS OF
GOODS WERE REDUCED 11,8 PER CENT DURING
THE SAME PERIOD. TOTAL STOCKS ON MAY I
AMOUNTED TO APPROX.MAT.ELY 22:,000,000
POUNDS, A SUPPLY SUFFICIENT TO LAST THIS
COUNTRY FOR ABOUT 46 DAYS AT THE PRESENT
RATE OF CONSUMPTION. THIS IS IN
COMPARISON WITH 51 DAYS A MONTH AGO, AND
43 DAYS A YEAR AGO. STOCKS OF PART SKIM
MILK WERE ABOUT 403,000 POUNDS LIGHTER,
ALSO IN SPITE OF THE FACT THAT PRO-
DUCTION HAD INCREASED VERY CONSIDERABLY
DURING THE MONTH, BUT PRODUCTION
INCREASED NEARLY 700,000 POUNDS.
BUTTERMILK PRODUCTION WAS JUST SLIGHTLY
HEAVIER DURING APRIL THAN MARCH.
EXPORTS CONTINUE CONSIDERABLY
HEAVIER THIS YEAR THAN LAST YEAR,
WHILE IMPORTS CONTINUE TO RUN
-LIGHTER,


.;


MAY 1930


9V99 6L90 9Z i C

VaiJOIld dO AIIS83AINn


~'-`' r--~-;c'I'~


-


L


1 .


-- --


L


6,


.I


4 72 -": -4-


.. ;.;.


PRODUCTION OF DRY MILK REPORTED.BY MANUFACTURERS APRIL


i









JUNE 26, 1930.


UNITED STATES DEPARTMENT OF AGICUJLTURF
BUREAU OF AGRICULTURAL ECONOMICS
t:ARKET NE'' S SERVICE
WASHINGTON, D.C.
DRY MILK MARKET REPORT FOR JUNE 1930
MANUFACTURERS' WHOLESALE SELLING PRICES DURING MAY


THE WHOLESALE PRICES GIVEN SELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLEqAL... 'RCOERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTEDD TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIN MILK DRY WHOLE MILK DRY BUTTERMILK
(BULK GOODS) (BULK GOOS) (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
FOUNDS POUNDS
PRICE IN BAGS IN'BBLS PRICE POUNDS P,'TCE IN BAGS IN BBLS,
5 51 140,969 243,849 20- 2 10- 925 5 5 24,300
51 6 1,015,827 1. 6,.r, 21- 22i 40,800 51 & 995,289 34,510
65 5,593,963 '),4f7 22. 23 7 2,028,459 18,962
6- 7 2,783,958 3 0,434 23- 24 65,386 7 8 699,242
7 71 1,053,692 6 244 25 295,186 8 9 -
7 8 8,880 122 25 26- 7,550 91- 1( 95,400
8 81 38,992 I,1 .9 b3
81- 9" 2,400
9 91 .S
98

TOTAL 10,634,281 14,7 .368 409,847 3,722,990 173,172
GRAND TOTAL 25 39rj 49 __ 409,847 3,896,162
AVERAGE PRICE MAY 1930 6.690 24.07q 6.900.
APR.1930 6,470 24.000 6.810
'' MAY 1929 7.98a 25.270 7.000


-' WHOLESALE PRICES REPORTED ON CASE GOODS
DRY WHOLE MILK (I LB. CANS) .46.440 PER LB.


\"ERE AS FOLLOWS:


WHOLESALE SELLING PRICES F. 0. 8. DISTRIBUTING POINTS MAY


BOSTON
NEW YORK
PHILADELPHIA
CH ICAGO
CLEVELAND
ST. LOUIS


BAGS
6.5 8
6 -8
6.5 8
6 8
6.5 8
7.5


DRY SKIM MILK
(CENTS PER LB.)
BBLS.
7 10 KANSAS CITY
6.75- 10 SEATTLE
6.125- 10 PORTLAND
6 10 Los ANGELES
6.75- 10 SAN FRANCISCO
7.4- 9


MANUFACTURERS' 'STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR: PURCHASED FROM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IM TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD Or CONTRACTED FOR SALE BUT NOT DELIVERED.

TOTAL STOCKS ON HAND
CLASSES OF JUNE I, 1930
.DRY F'ILK IPuBAGS N (PANRDSLS TOTAL POUNDS (A) FIRMS*

i WHOLE MILK 300 2,675,696 3,993,696 15
SKIM MILK 6,686,012 17,804,888 23,654,510** 109
PART SKIM 0 84,615 143,485 4
0
S 0 CREA : POWDER 0 15,404 15,404 3
S(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,317,700
POUNDS; SKIM, 163,610 POUNDS; PART SKIM, 58,870 POUNDS.
** EQUIVALENT TO 47 DAYS REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY THE
BUREAU OF AGRICULTURAL ECONOMICS, THE STOCKS OF DRY SKIM MILK ON
JUNE I WERE EQUAL TO APPROXIMATELY 47 DAYS REQUIREMENTS IN
COMPARISON WITH 54 DAYS ON JUNE I, 1929, AND 46 DAYS ON MAY I,
1930.

COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
DRY MILK. PREVIOUS YEAR PREVIOUS MONTH
_FIRMS* JUNE 1.,1930 JUNE 1,1929 FIRMS* JUNE I', 1930 MAY I, 1930
WHOLE MILK 13 3,128,559 1,9C6,121 15 3,993,696 2,821,615
SKIM MILK 87 20,873,529 21,188,077 103 23,538',389 22,848,390
PART SKIM 3 59,270 56,265 4 143,485 545,362
CREAM POWDER 2 458 54,751 3 : 15,404 17,862
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN.ONE FACTORY.


(ovER)
JUNE 1930


BAGS


6 6.5
6
6.5


BBLS.
6.5 9
6.5 8
6.66 8
6.5 8
6.25 8






PAGE 2
PRODUCTION OF DRY MILK REPOTFrC -Y MANUFACTURERSS MAY

INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING OPY MILK FACTORIES IN THE
UNITED STATES.


CLASSES OF
DRY MILK


WHOLE MILK


COMPARISON


FI RMS*


OF PRODUCTION (POUNDS) FOR SAME FIRMS


PREVIOUS YEAR PREVIOUS MONTH


MAY 1930


2.003.092


MAY 1929


1 709.71 I1


FI RMS*


I1--


MAY 1930 APR. 1930


2.307.656


I .376.651


_____-____ -- -_ L-953,4
SKIM MILK 85 22,136,652 18,828,981 ,101 24,402,142 19,583,041

PART SKIM I 3 000 __ 2 54 920 70,042

CREAM POWDER I 0 48.375 2 11 800 13,125

BUTTERMILK 64 5,137,672 4,791,770 72 5,223,553 3,992.327
REPORTS INDICATE TH-T MAY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0 %; BARRELS 83.960; 'CASES 16.04%.
DRY SKIM MILK: 41.45%; 58.40; 0.15.
DRY PART SKIM: 0 100.00%.
DRY BUTTERMILK: 97.66 ; 2.344.
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE' THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING MAY 1930

EXPORTS IM _RTS
EXPORTS TO POUNDS I 'PO' TS FROM POUNDS
EUROPE EUR, OPE
SPAIN I ,050 NETHERLANDS 473,193
UNITED KINGDOM 127,432
NORTH AMERICA NORTH AMERICA
CUBA 29,990 CANADA 79,907
MEXICO 28,067
PANAMA 30,239
SOUTH AMERICA
BRAZIL 45,044
COLOMBIA 18,413
PERU 7,469
VENEZUELA 22,237
ASIA
CHINA 43,764
JAPAN 27,737
OCEANIA OCEANIA
PHILIPPINE Is. 14,149 NEW LEALAND 336
OTHER COUNTRIES 83,582
TOTAL MAY 1930 496,173 TOTAL MAY 1930 553,436
TOTAL MAY 1929 _396,393 TOTAL MAY S129 380,532
JAN. MAY (INC.) 1930 3,159,637 JAN. MAY (INC.) 1930 1,461,826
JAN. MAY (INC.) 1929 2,190,461 -JAN. AY (INC.) 1929 1,388,139
(COMPILED FROM OiFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE.)

DRY MILK MARKETS UNSETTLED TO STEADY IMPROVED DEMAND REDUCES STOCKS


THE GENERAL TONE OF THE DRY MILK
MARKETS THROUGHOUT THE COUNTRY IS SDME-
WHAT UNSETTLED, BUT APPARENTLY ABOUT
STEADY, AND MANY DEALERS FEEL THAT A
HEALTHIER TONE IS GRADUALLY BEING ASSUMED.
SOME PRICE ADVANCES WERE NOTED O.N THE
BETTER GRADES OF DRY SKIM AND BUTTERMILK,
BUT-1LESS DESIRABLE GOODS WERE STILL
OF'kFRED AT PRICE CONCESSIONS IN MANY
QUARTERS, DEf:AND SHOWED FURTHER IMPROVE-
MENT. SPECIAL SALES EFFORTS ON THE PART
OF SOME CONCERNS, COUPLED WITH AN IN-
CREASED DEMAND FROM ICE CREAM MANUFACTUR-
ERS FOR SKIM MILK AND LARGE ORDERS FOR
THE LOWER GRADES OF DRY SKIM AND BUTTER-
MILK FOR ANIMAL FEEDING PURPOSES, HAVE
HELPED TO REDUCE A'NORMALLYTLARGE STOCKS
OF THE MOST IMPORTANT CLASSES OF DRY MILK.
PRODUCTION CONTINUED TO SHOW INCREASES,
AS MAY BE EXPECTED 'AT THI S'SEASON OF THE
YEAR. WHILE AN INCREASED.NUMBER OF
.RIERS ARE BEING PUT IN OPERATION FROM
MONTH TO MONTH IT IS EXPECTED BY SOME OF
THE TRADE THAT THE RECENT FAVORABLE .ACTION
ON THE TARIFF BILL, BY WH jH THE DUTY ON
CASEIN WAS INOREASEp FROM 2- CENTS TO 5-
'CENTS AND WHICH WENT INTO EFFECT ON JUNE
17, WILL HAVE A TENDENCY TO DIVERT SOME
6KIM AND BUTTERMILK INTO CASEIN. -

AVERAGE SELLING PRICES OF ALL
CLASSES OF DRY 'AILK AVERAGED SLIGHTLY
HIGHER DURING MAY THAN APRIL, BUT WERE
STILL BELOW THOSE FOR THE SAME MONTH A
YEAR AGO BY AN AP'PREC'ABLE MARGIN.
ACCORDING TO ALES REPORTED TO THE U.S.
BUREAU OF AGRICULTURAL ECONOMICS, THE MAY
AVERAGE PRICE FOR DRY SKIM, WHOLE, AND
BUTTERMILK WAS RESPECTIVELY 0.220, 0.070,
AND 0.090 ABOVE THAT OF APRIL, BUT WAS
1.510, 1.270. AND 0.190, "RESPECTIVELY,
BELOW MAY, 1|29. FOR THI- THIRD CONSECU-


TIVE MONTH THE PRICE OF DRY BUTTERMILK
HAD EXCEEDED THAT OF DRY SKIM MILK A
NEW FEATURE IN THE DRY MILK MARKET. THE
SLIGHT ADVANCES IN THE AVERAGE SALES
PRICES.OF DRY SKIM AND BUTTERMILK DO NOT
NECESSARILY MEAN THAT THE AVERAGE PRICES
OF ALL GRADES OF DRY MILK WERE HIGHER,
BUT MAY BE LARGELY ACCOUNTED FOR BY THE
FACT THAT RELATIVELY LARGER QUANTITIES OF
THE BETTER GRADES OF POWDER WERE SOLD TO
SUPPLY THE INCREASING DEMAND FROM THE ICE
CREAM AND CONFECTIONERY TRADE. THIS
ASSUMPTION IS FURTHER BORNE OUT BY THE
FACT THAT SALES OF DRY SKIM'MILK WERE IN-
CRE'ASED BY OVER 3,300,000 POUNDS DURING
THE MONTH, WHILE SALES OF DRY WHOLE MILK
WERE LESS THAN HALF AS HEAVY IN MAY THAN
IN APRIL, AND THE OUTPUT OF DRY BUTTER-
MILK ALSO DECREASED BY APPROXIMATELY
450,000 POUNDS.
THE OUTSTANDING FEATURE SO FAR AS
THE STOCKS SITUATION IS CONCERNED IS THE
FAC-T THAT, FOR THE FIRST TIME IN THE YEAR,
STOCKS OF SKIM MILK POWDER SHOW A SHORT-
AGE IN COMPARISON WITH A YEAR AGO RATHER
THAN A SURPLUS. ,ON JANUARY !THIS
SURPLUS AMOUNTED TO.248 PER CENT AND WAS
GRADUALLY REDUCED UNTIL, ON JUNE I THERE
WAS A SHORTAGE OF 6.7 PER CENT. DURING
MAY STOCKS WERE ONLY INCREASED BY 3.0 PER
CENT IN COMPARISON WITH 34.2 PER CENT FOR
THE SAME MONTH LAST YEAR. SUPPLIES OF
DRY SKIM MILK, ON JUNE I, WERE LARGE
ENOUGH TO SUPPLY THIS COUNTRY FOR APPROXI-
MATELY 47 DAYS, I'N COMPARISON WITH A
CURRENT SUPPLY FOR THE SAME DATE LAST
YEAR OF 54 DAYS AND 46 DAYS A MONTH AGO.
THESE ENCOURAGING REDUCTIONS IN STOCKS
TOOK-.PLACE IN SPITEOSOEIH6^ACT THAT PRO-
DUCTION WAS AROUND 3 O~ U0U PO NDS HEAV-
ERDTH YEAR THAN LAST EAR CTHE FOREIGN
TRADE HLTUATION CONTINUESPRACTICALLY UN-
CHANFObALTHO THE DOMESTIC TRADE BALANCE
IS MORE FAVORABLE THIS YEAR THAN LAST.


JUNE 1930


901L 6ZLO Z9ZI C

V(11 7:1 10 AilSBAINNn


--










JULY 29, 1930.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
WASHINGTON, D0C.
DRY MILK MARKET REPORT FOR JULY 1930
MANUFACTURERS' WHOLESALE SELLING PRICES DURING JUNE


THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH bR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK DRY WHOLE .MILK DRY BUTTERMILK
(BULK GOODS) (BULK GooDS) (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
5 510 421,296 239,171 20 20O0 10,055 5 5, 140,177-
5 -6 3,620,902 1,457,637 20- 211 61 855,978 205,795
6 6 3,447,568 2,604,535 21 221 7- 2,752,522 11,318
61 7 973,861 3,662,959 22 23- 280,771 7 8 151,957 82,524
S-'7 121,372 4,003,209 23- 24 9- 3,800
- -. 1,393,899 242 25 315,342
8 -8 49,789 2,639,275 25T 26 5,153
8 9 184,748
S- 9 - 57,200
TOTAL 8,639,788 16,242,633 611,321 3,900,534 303,437
GRAND TOTAL 24,882,421 611,321 4,204,071
AVERAGE PRICE JUNE 1930 6.60, 23.350 6.720
MAY 1930 6.690 24.070 6.900
"_ JUNE 1929 8.000 25.810 7.000


WHOLESALE PRICES REPORTED ON CASE GOODS
DRY WHOLE MILK (I LBS. CANS) 46.520 PER LB.
DRY BUTTERMILK 8.621 PER LB.


WERE AS FOL OWS:


WHOLESALE SELLING PRICES F. 0. B. DISTRIBUTING POINTS JUNE
DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
C.25 8
6.3 8
6.5 8
5 -8
6.5 -8
7


BBLS.
7 10
6.29- 10
6' 1l
5.9 10
6.25- 10
7.96- 10


BAGS


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


SBBLS.
7.58 10
6.5 -9
7 9
7 -9
S.5 9


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FROM OTHrERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

SOTOTAL STOCKS ON HAND
CLASSES OF JULY. 1930
DRY MILK IN BAGS IN BARRELS
(POUNDS) (POUNDS) TOTAL POUNDS (A) FIRMS*
WHOLE MILK 300 4,381,680 5,620,089 12

I SKIM MI LK 6,490,726 19,144,452 25,635,178** 113
: PART SKIM 0 112,949 112,949 2
m CREAM POWDER 0 5,653 6,653 3
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK, 1,238,109
POUNDS.
** EQUIVALENT TO 46 DAYS REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY THE
BUREAU OF AGRICULTURAL ECONOMICS, THE STOCKS OF DRY SKIM MILK ON
JUAY I WERE EQUAL TO APPROXIMATELY 46 DAYS REQUIREMENTS IN COM-
PARISON WITH 64 DAYS IN JULY I, 1929, AND 47 DAYS ON JUNE I, 1930.

COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JULY 1,1930 JULY 1,1929 FIRMS* JULY 1,1930 JUNE 1,1930
WHOLE MILK 9 4,191,776 3,094,333 11 5,120,089 3,616-,767
SKIM MILK 90 22,451-.255 27,261-,765 III 25,583,750 23,722,514
PART SKIM 2 112,949 84,215
CREAM POWDER 2 458 129',311 3 5.653 15,404


FIGURES SHOWING NUMBER OF FIRMS DO.NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

(OVER)


JULY 1:930






PAGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JUNE


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING ORY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK
FIRMS* JUNE 1930 JUNE 1929 FIRMS* JUNE 1930 MAY 1930
WHOLE MILK 8 2,013,307 2,180,019 10 2.382.808 1,937,499
SKIM MILK 87 22,747,598 19,655,935 108 25,655,645 25,129,349
PART SKIM 2 45,190 51 920
CREAM POWDER 2 0 I I ,800
BUTTERMILK 62 5,056,715 3,810,181 81 5,086,618 5.284,374
REPO'-TS INDICATE THAT JUNE PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0 %; BARRELS 34.68%; CASES 65.32%.
DRY SKIM MILK: 40.18%; 59.82%;
DRY PART SKIMA: b 100.00%.
DRY BUTTERMILK: 1 95.08%; 4,47;- -0.45%.
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING JUNE 1930
EXPORTS IMPORTS
EXPORTS TO POUNDS IMPORTS FROM POUNDS
EUROPE ELURUPE
FRANCE 30,825 -NETHERLANDS 33,000
ITALY 7,865 UNITED KINGDOM 1,296
UNITED KINGDOM 14,795
NORTH AMERICA NORTH A'ERICA
HONDURAS 9,212 CANADA 482,446
MEXICO 40,325
PANAMA 23,036
SOUTH AMERICA
BRAZIL 34,800
COLOMBIA 22,052
VENEZUELA 21,945
ASIA
-iHINA 31 ,090
JAPAN 25,671
OCEANIA OCEANIA
PHILIPPINE IS. 7,477 NEW ZEALAND 2,040
OTHER COUNTRIES 76,840
TOTAL JUNE 1930 345,933 TOTAL JUNE 1930 518,782
TOTAL JUNE 1929 487,840 TOTAL JUNE 1929 363,080
JAN. JUNE (INC.) 1930 3,505,570 JAN. JUNE (INC.) 1930 1,980,608
JAN. JUNE (INC. IS29 2,678,301 JAN. JUNE (INC.) 1929 2.251,219
(COMPILED FROM OFFICIAL RECORDS OF TH- BUREAU OF FOREIGN AND DOMESTIC COMMERCE.)


DRY MILK MARKETS FULL STEADY DEMAND CONTINUES ACTIVE


THE OPTIMISM OF RECENT MONTHS
CONTINUES TO PREVAIL ON DRY MILK MARKETS
WITH THE TONE FULL STEADY. WHILE A F-EW
INDEPENDENT 'PRODUCERS CONTINUED TO GRANT
SOE. PRICE CONCESSIONS IN ORDER TO DECREASE
STOCKS, THIS PRACTICE WAS A NOTABLE EXCEP-
TION RATHER THAN THE RULE. MANY OF THE
'LARGE PRODUCERS, WHO MANUFACTURE THE BULK
OF THE PRODUCT, HAVE ADOPTED A DEFINITE
QUALITY AND PRICE POLICY. FURTHER DE-
CLINES HAVE APPARENTLY BEEN CHECKED AND,
AS JULY COMES TO A CLOSE, THE PRICE TEN-
DENCY SEEMS'TO 3E IN AN UPWARD DIRECTION.
DEMAND CONTINUED ACTIVE, BOTH FOR ANIMAL
AND HUMAN CONSUMPTION. PRODUCTION HAS
REACHED ITS PEAK, AND IS NOW ON THE DECLINE.
SOME SURPLUS FLUID MILK WAS TURNED INTO
RPWDER, BUT ON THE OTHER HAND, SOME OF THE
SMALLER PLANTS THAT USED TO PRODUCE POWDER
HAVE NOW SWITCHED TO CASEIN. JUDGING FROM
SUCH INFORMATION AS IS AVAILABLE, PRO-
DUCTION CONTINUES HEAVIER THAN LAST YEAR.
UNDER THE TARIFF ACT OF JUNE 17 THE FOL-
LOWING UPWARD REVISIONS WERE MADE IN THE
RAT OF DUTY ON DRY MILK; WHOLE MILK 3 TO
6 ./12E PER POUND CREAM 7 TO 12 I/30 PER
POUND, SKIM MILK I- TO 30 PER POUND, BUTTER-
MILK 1- TO 3b PER FOUND, AND MALTED MILK
20 PER CENT AD VALOREM TO 35 PER CENT AD
VALOREM.

SELLING PRICES, AS COMPUTED FROM
ACTUAL SALES REPORTED TO THE U.S. BUREAU OF
AGRICULTURAL ECONOMICS, SHOW ONLY SLIGHT
CHANGES FROM THE PREVIOUS MONTH. IN COM-
ARISON WITH THE SAME MONTH LAST YEAR, JUNE
AVERAGE P-ICES WERE RESPECTIVELY 1.40t,
1.74i, AND 0.28d LOWER ON SKIM, WHOLE, AND
BUTTERMILK. DURING JUNE THE VOLUME OF
REPORTED SALES OF DRY SKIM MILK DECREASED
APPROXIMATELY 500,000 POUNDS, BUT INCREASED
AROUND 200,000 POUNDS ON WHOLE MILK AND
300,000 POUNDS ON BUTTERMILK. A STUDY OF
THE PRICE TABLE WILL SHOW THAT THE VOLUME
OF SALES FALLING WITHIN THE LOWER PRICE


RANGES WAS RELATIVELY LARGER DURING JUNE
THAN MAY THE RESULT OF SOME PRICE CON-
CESSIONS OVER THE MAY PRICE AND A RELA-
TIVELY GREATER DEMAND OF DRY MILK FOR
ANIMAL FEEDING PURPOSES.
STOCKS OF DRY SKIM MILK ON JULY I
WERE SUFFICIENT TO LAST THE COUNTRY FOR
46 DAYS AT THE PRESENT RATES OF CONSUMP-
TION. THIS IS IN COMPARISON WITH 64 DAYS
ON THE SAME DATE A YEAR AGO, AND 47 DAYS
A MONTH AGO. ON THE SAME DATE THE SHORT-
AGE IN STOCKS OF DRY SKIM MILK, IN COM-
PARISON WITH A YEAR AGO AMOUNTED TO 17.7
PER CENT COMPARED WITH 6.7 PER CENT ON
JUNE I AND AN EXCESS OF 248 RER CENT ON .
JANUARY I. THE INCREASEE IN STOCKS DURING
JUNE AMOUNTED TO 7.8 PER CENT IN COMPARI-
SON WITH 30.0 PER CENT DURING THE SAME
MONTH A YEAR AGO. STOCKS OF WHOLE MILK
ON:JJLY I WERE 32.6 PER CENT HEAVIER THAN;
A YEAR AGO, AND SHOWED AN INCREASE OF
45.0 PER CENT DURING JUNE. PRODUCTION OF
BOTH SKIM AND BUTTERMILK CONTINUES TO
EXCEED TH.'T OF LAST YEAR FOR THE SAME
MONTHSS BY AN APPRECIABLE MARGIN; HOWEVER.,
THE EVER INCREASING OUTLETS FOR ALL
CLASSES OF DRY MILK, AND THE PRESENT
STOCKS SITUATIONS SHOULD PREVENT ADDITION-
AL SUPPLIES FROM PROVING BURDENSOME*

CASEIN MARKET UNSETTLED
THE CASEIN MARKET, DURING JULY,
WAS UNSETTLED AND IN BUYERS' FAVOR. MANY
OF THE LARGE BUYERS ANTICIPATED THEIR
RErUIREMENTS EARLY IN THE SEASON AND WERE
OFF THE MARKET. PRICES RANGE FROM I 1 TO
150 F. 0. B. SHIPPING POINT, AND BUT
VERY LITTLE BUSINESS IS TRANSACTED
AT THESE PRICES.


JULY 1930


6S69 6 t80 9ZI

I Io p ill 1111111ll 111111111111111111111111111111111111U l
V01I0 J :07 OA11913AINPI







u/,

i UGUST 28, f930.


UNITED-STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
.WASHINGTON, .0C.
DRY MILK MARKET REPORT FOR -AUGUST 1930
MANUFACTURERS' WHOLESALE.SELLING PRICES DURING JULY


THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD
DRY SKIM MILK : RY WHOLE MILK DRY BUTTERMILK.
(BULK GOODS) ( BULK GOODS) (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
RICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN.BBLS,
5 33,364 211 221 9,560 5 55 3,905
S5- 792,952 22 23: 5- 760,015 98,450
S- 6 820,366 477,1.00 23- 241 34L,310 6 7 .1,152,579 10,750
6 4,635,836 .1,393',374 '24 25 75 128,934
7 272,068 2,407,173 25 200 11,990 44,567
2- 7 .76,170 6,i84i305 2
8 i460,805
8- 31,443 2,860.460
" 9 163,500
91 102,600
TOTAL. 8,662,199 14,050,317, 352,070 2,057,423 .153,767
GRAND TOTAL 2D,712.516-. 6 352,070 2j211,190
AVERAGE PRICE JULY 1930 6.79- 24.270 6.670
JUNE 1930 6.600 23.350 6.720-
JULY 1929 7.89 25.870 6.760


WWI-LESALE PRICES
)RY WHOLE MILK (I LB. CANS) -
,)RY BUTTERMILK


REPORTED ON CASE GOODS
46.22 PER LB.
8.92 PER LB.


WERE AS FOLLOWS:


WHOLESALE SELLING PRICES F. 0. B. DISTRIBUTING POINTS JULY


BAGS


3OSTON
'JEW YORK
PHI LADELPHIA
-"HICAGO
, LEVELAND
I.T. Louis


6 -8
5.8 8
-6 -- 8
6.5 9
6.5 8
5.:5 6


DRY SKIM MILK
(CENTS PER LB.)
BBLS.

6.4 10 KANSAS CITY
6.4 10 SEATTLE
6 10 PORTLAND
6.5 10 Los ANGELES
6.75 10 SAN FRANCISCO
7 10


BAGS BBLS.

7.75 10
6.5 6.5 .9
6 7 -9
6.75 --9
6.25 8.5 7 9


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF .MANUFACTURERS
(REPORTING, WHETHER MANUFACTURED BY THEM OR.PURCHASED FROM OTHERS, WHETHER ON THEIR
QWN PREMISES, IN STORAGE OR .IN-TRANS1T (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

TOTAL STOCKS ON HAND
CLASSES OF AUGUST I. 1930
DRY MILK INBA IN BARRELS TOTAL POUNDS (A) FIRMS*
POUNDSOUNDS (A) FIRMSPOUNDS

WHOLE MILK 300 4,387,717 5,832,522 10
SKIM MILK 6,349,975 19,976,147 26,326,122 105
PART SKIM 0 79,956 79,956 3
CREAM POWDER 0 21,884 21,884 3
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK,.I,444,505
POUNDS.
** EQUIVALENT TO 45 DAYS REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY THE
BUREAU OF AGRICULTURAL ECONOMICS, THE STOCKS OF DRY SKIM MILK ON
AUGUST I WERE EQUAL TO APPROXIMATELY 45 DAYS REQUIREMENT IN COM-
PARISON WITH 70 DAYSON AUGUST I, 1929., AND 46 DAYS ON JULY 1,
1930.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPOFT.ING..
CLASSES OF PREVIOUS YEAR 'PREVIOUS MONTH
DRY MILK P R'-.IU YEA
FIRMS*AUG AUG. 190 1929 FIRMS* AUG. 1,1930 JULY I1930
WHOLE MILK 9 '4910.055O :2- 940.970 10 5;832.522 5,038,291
SK1M MILK .92 23,733.985'-' 9231.969 105 26,326,122 25,292,754
:PART SKIM 2 .. 2,000 600 3 79,956 12,949.
CREAM PONDER I .458' 133,376 3 .21,884 5.653
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER' OME
FIRMS OPERATE MORE THAN ONE FACTORY. UNI V
(OVER)
AUGUST', 1930 ,

U.S. D-EPToY






PAGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JULY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
,UNITED STATES.
: COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
....CLASSES OF
. DRY MILK _PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JULY 1930 JULY 1929 FIRMS* JULY 1930 JUNE 1930

WHOLE MILK 8 1,254,101 ,765,885 9 1,393,876 2345,325
SKIM MILK 88 19,503.464 17,228775 D 21,014,016 24,978'655
PART SKIM I 4,400 0 2 21,012 451.(90

CREAM. POWDER I 0 17,092 .2 25,432 0
BUTTERMILK 67 4,336,216 3,442,730 77 4,433,087 5,143, 780
REPORTS INDICATE THAT JULY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0 %; BARRELS 12.84%; OASES 87,16%,
DRY SKIM MILK: 38.10; 61.90%;
DRY PART SKIM: 0 %; I 100.00..
DRY BUTTERMI'LKi 1 93.83; ". 5.62; 0..55 .
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING JULY 1930
EXPORTS IMPORTS
EXPORTS TO POUNDS IMPORTS FROM POUNDS
EUROPE EUROPE
FRANCE 30,825 ITALY 1,235
ITALY 10,695 UNITED KINGDOM 240
SPAIN 15 050
NORTH AMERICA NORTH AMERICA
HONDURAS 5,854 CANADA 42,580
MEXICO 27,822
PANAMA 36,110
SOUTH AMERICA
BRAZIL 27,816
COLOMBI.A 27,889
SVENEZUELA 16,724
AS IA
SCHINA. 33,220
JAPAN 26,424
SOCEANIA
PHILIPPINE 'Is. 44,911
OTHER COUNTRIES' 72,512
TOTAL JULY 1930 375,852 TOTAL JULY 1930 44.055
TOTAL JULY 1929 399621 TOTAL JULY 1929 398,109
JAN. -'JULY (INC.) 1930. 3,881,422 "JAN. JULY (.NC.) 1930 2,024,663
JAN. JULY (INC.) 1929 3,077,922 JAN. JULY (INC.) 1929 2,649,328
(dOMPILED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE.)

DRY MILY MARKET FIRM PRODUCTION LIGHT


THE CONTINUED HOT AND DRY PERIOD
WITH THE ACCOMPANYING LIGHTER PRODUCTION
AND THE INCREASED DEMAND FOR DRY MILK
PRODUCTS FROM THE"CONFECTIONERY AND ICE
CREAM TRADE HAVE HAD A STRENGTHENING IN-
FLUENdE ON DRY MILK MARKETS. THE WEAK
TONE OF:ONLY A FEW MONTHS AGO HAS DEVELOP-
ED A FIRM TREND. AND STOCKS THAT APPEARED
EXCESSIVE AND :BUDENSOME ARE NOW: CONSSIDER-
ABLY LIGHTER. AN. A YEAR AGO. PRODUCTION
IS DECREASING RAPIDLY AND REPORTS FROM THE
TRADE.'ARE TO THE EFFECT THAT AUGUST PRO-
DUCTION-IS LIGHTER THAN FOR THE SAME MONTH
A Y.EhAR AGO. SOME IN THE :INDUSTRY FEEL
THA'. AN EFFORT MIGHT BE MADE TO INCREASE
OROdUCTION, WHILE OTHERS BELIEVE:THAT SUCH
-I.MOVE MIGHT RESULT IN BURDENSOME STOCKS
AFTER R IN THE SEASON. TAKINGS OF THE LOWER
GRADES OF DRY MILK BY FEED MANUFACTURERS
AN'D FEEDERS HAVE DECREASED BUT 'ARE STILL
.ABOVE'NORMAL, WHILE THE DEMAND OF THE CON-
FECTIONERY AND IC .CREAM.TRADE HAS BEEN
UNUSUALLY GOOD MOSTLY DUE TO.THE CONTINUED
HOT AND..'DRY -WEATHER. -THERE HAVE BEEN SOME
PRICE ADVANCES IN THE BETTER GRADES DURING
AuGUST, WHILE THE LOWER GRADES HAVE DE-
CLINED SLIGHTLY IN SOME MARKETS.
A STUDY OF WHOLESALE SELLING PRICES
OF DRY SKIM MILK IN ELEVEN SCATTERED MAR-
K*TS REVEALS THE FACT THAT QUOTATIONS, IN
GENERAL, WERE HIGHER ON BARRELED GOODS AND
LOWER ON THE BAGGED PRODUCT IN JULY THAN
JUNE. THIS INDICATES AN ADVANCING PRICE
TREND ON THE FINER GRADES OF SKIM MILK
USED FOR HUMAN CONSUMPTION, BUT SOMEWHAT
LOWER PRICES ON THE LESS OESIRABLE-GRADES
USED FOR ANIMAL FEED. THIS FACT IS
FURTHER SUBSTANTIATED BY THE AVERAGE SELL-
INg PRICES AS .REPORTED BY DEALERS TO THE
U.S. DEPARTMENT OF AGRICULTURE. WHILE THE
AVERAGE PRICES OF DRY. SKIM AND WHOLE MILK
ADVANCED 0.17 AND 0.980 RESPECTIVELY,
FROM JUNE TO JULY, THAT OF BUTTERMILK,
WHICH IS USED MOSTLY FOR ANIMAL FEED, DE-
CLINED 0.055 AND FELL BELOW THE AVERAGE OF
A YEAR AGO WHICH IT HAD EXCEEDED FOR THE
LAST SEVERAL MONTHS. SELLING PRICES OF
BOTH SKI.M AND. WHOLE MILK, .WHILE MORE .AU
L089 6ZLO8 Z 9Z C

III II I 111111111111111111111111111111II
VO0180-1:1 : .ilS83AINn


CLOSELY APPROACHING THOSE OF A YEAR AGO',
ARE STILL LOWER BY AN APPRECIABLE MARGIN.
WHILE THE VOLUME OF DRY SKIM, WHOLE, AND
BUTTERMILK SOLD DURING JULY WAS 16, 42,
AND 47 PER CENT, RESPECTIVELY, BELOW THAT
OF JUNE, SALES OF SKIM MILK EXCEEDED THOSE
OF JULY, .1929 BY APPROXIMATELY 50 PER
CENT, WHILE WHOLE AND BUTTERMILK SALES.
FELL OFF 4 AND:22 PER CENT, RESPECTIVELY.
PRODUCTION OF ALL CLASSES OF DRY
MILK, EXCEPT WHOLE MILK, WAS HEAVIER DUR-
ING JULY THIS YEAR THAN LAST YEAR., BUT .IT
SHOULD BE NOTED THAT THE PRODUCTION TRENDS
OF DRY SKIM MILK IN 1929 AND 1930 ARE COM-
ING CLOSER TOGETHER AND, AS ALREADY MEN-
TIONED, TRADE ESTIMATES ARE TO THE EFFECT
THAT THE PRODUCTION TOTAL FOR AUGUST WILL
BE SMALLER THAN THAT FOR THE SAME MONTH A
YEAR AGO. JULY I STOCKS OF DRY SKIM MILK
WERE BELOW THOSE OF JULY I LAST YEAR, THE
FIRST MONTH DURING THE CURRENT PRODUCTION
SEASON A SHORTAGE HAS OCCURRED. AUGUST 1
SHOWED AN INCREAf.'-l-" SHORTAGE, BUT WERE
APPROXIMATELY I,OC' ,000 POUNDS. HEAVIER
THAN ON JULY I. .TOC'CS OF WnOLE AND PART
SKIM MILK WERE CCNSIDEUABLY HEAVIER THAN
A YEAR AGO, WHILE CREAM POWDER SUPPLIES
WERE LIGHTER.
CASEIN MARKET UNSETTLED SUPPLIES AMPLE

IN GENERAL, THE CASEIN MARKET SITU-
ATION CONTINUES UNSETTLED ALTHOUGH THE
LIGHTER PRODUCTION AND LIGHTER 'IMPORTS
SINCE THE NEW TARIFF RATES BECAME'-FECT-
IVE HAVE HAD SOMEWHAT OF A STABI(IZ:INp -
INFLUENCE ON THE MARKET. AS MANY'OF.THE
LARGE BUYERS HAD ANTICIPATED THEIR RE-
QUIREMENTS EARLY,IN THE SEASON, BUYING
INTEREST CONTINUED DULL. WHATEVER SALES
WERE MADE CONSISTED MOSTLY OF SMALL
'LOTS. PRICES RANGED GENERALLY FROM
11I TO 141 CENTS F. 0. B. NEW YORK,
ALTHOUGH SOME DEALERS REPORTED
PRICES AS LOW.AS 10- CENTS FOR
28-30 MESH GOODS.





UNITED STATES DEPART.PhlENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE


SEPTEMBER 26, 1930.


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR SEPTEMBER 1930
MANUFACTURERS' WHOLESALE SELLING PRICES DURING AUGUST
THE WHOLESALE PRICES GIVEN BELO'W ARE BASED UPON REPORTS FROM MANUFACTURERS
.COVERING ACTUAL SALES TO JOBBERS, WHIOLE-FAI.E GROCERS AND SIMILAR BUYERS FOR GOODS
F.0.B. FACTORY ON THE 3ASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUlALITY OR GRADE OF PRODUCT SOLD.
DRY S!KIM VI.LK DRY WHOLE &ILK DRY BUTTERMILK
(BULK GOODS) (BULK GOODS) (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE I N BAGS IN BBLS PRICE POUNDS PRICE IN BAGS IN BBLS
5 5i 1,285,995 20 20 9,080 5 6- 737,611 157,850
5- 6 1,282,029 312,S30 20- 21 6 73- 677,234 13,740
6 6 1,782,010 2,029,427 2 1 221 7. .34,556 41,005
6- 7 74,164 1,975,940 22. 231 587,900 9. 33,950
7 7 272,597 2,053,320 23 241 77,900
7 8 32,500 2,026,955 24. 25.
8 8a 21,412 2,618,262 25 -1 26-
9 5 ,98-0 227- I, 000
9,9- 2-6oo
TUTAL 4,750,707 12,389393 675,880 1,449,401 246,545
GRAND TOTAL 17,140,100 675,880 1,695,946
AVERAGE PRICE AUG. 1930 6.832 23.260 6.390
JULY 1930 6.790 24.270 6.678
AUG. 1929 8.04 24.85 6.840


WHOLESALE PRICES REPORTED ON CASE GOODS WERE
DRY WHOLE MILK (ILB. CANS) 47.940 PER LB.
DRY BUTTERMILK 9.300 PER LB.

WHOLESALE SELLING PRICES F. 0. B. DISTRIBUTING


AS FOLLOWS:



POINTS AUGUST


DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST .LouIS


BAGS
6.5 I
5.75 I
6.25 I
5.8 I
6.5 I
5.5


BBLS.
7.25 10
5.1 10
7 -.10
7 -10
7.25 10'
7.69 .0


KANSAS CITY
SEATTLE
PORTLAND
LOS ANGELES
SAN FRANCISCO


BAGS BBLS.
7.69 10
6.75 6.5 9
6.0 7.69 9
7.25 9
7.25 9


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS .IN POSSESSION. OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FROM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

TOTAL STOCKS ON HAND
CLASSES OF SEPTEMBER I 1930
DRY MILK NAEGQ IN
URY MILK NN AUNDRELS TOTAL POUNDS (A) FIRMS*
POUND- POUNDS _
WV-'OLE MILK 0 .4,.12,235 5,,329,92 9
SKIM !MILK 7,468,127 20,338,724 27,806,851** 107
PART SKIM 0 63,394 C3,394 3


CREAM POWDER 0
(A) INCLUDES CASE GOODS


33.983


33.983


AS FOLLOWS: WHOLE MILK, 1,467,747
AS FOLLOWS:- WHOLE MIlLK, 1,467,747


POUNDS.
** EQUIVALENT TO 46 DAYS REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY THE
BUREAU OF AGRICULTURAL ECONOMICS, THE STOCKS OF DRY SKIM MILK ON
SEPTEMBER I WERE EQUAL TO APPROXIMATELY 46..DAYS REQUIREMENTS IN
COMPARISON WITH 65-DAYS ON SEPTEMBER I, S29, AND 45 DAYS ON
AUGUST 1, 1930.


COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS


CLASSES OF
DRY MILK


TOTAL STOCKS (POUNDS) ON .HAND FOR SAME FIRMS REPORTING
PREVIOUS YEAR PREVIOUS MONTH


SEPT. ,1029 FIRMS*


SEPT..1,1930


FIRMS* SEPT. I .1930.


AUG. 1,1930


WHOLE MILK 8 4,701,220 : 3,098,183 9 5,629,982 5,830,122
SKIM MILK 89 24,356,821 : 28,771,491 104 27,546,001 25,995,386
PART SKIM 3 63,394 79,i56
CREAM POWDER 2 ; 458 116',681 3 33,983 1 21,884


* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER'
FIRMS OPERATE MORE; THAN ONE FACTORY.


OF FACTORIES


SINCE COME


(OVER)

SEPTEMBER 1930


UNIV. OF FL LiG.


.OCUM. DPT DTE


.U.S. DEPOTORY


L


_, I


. r-


I J I II III





PAGE 2


PRODUCTION OF DRY MILK REPORTED 3Y MANUFACTURERS AUGUST


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.


COMPARISON OF PROrUCTION


(POUNDS) FOR SAME FIRMS


CLASSES OF
DRY MILK


WHOLE MILK-


PREVIOUS YEAR PREVIOUS MONTH


RIF Ms* Auo 1 930


AuG. 1929


FInRMS*


AUG. 1930


V - 1--- 1 -1--I--- -


374.269


I. 147.619


551,015


JULY U193


1,391,476


SKIM MILK 86 16,271,071 13,345,291 102 17,432,188 20,929,276

PART SKIM 0 5,000 2 10,513 21,012

CREAM POWDER -- - 2 23,2 87. 25,432

BUTTERMILK 65 2, 829 33 2,719,033 73 2,928,533 4,379,254
REPORTS INDICATE THAT AUGUST PRODUCTION! WAS F'ACIED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0 %; BARRELS 56.999; CASES 43.01,.
DRY SKIM MILK: 36.25; 33.75..
DRY PART SKIM: 0 ; 100.00%.
DRY BUTTERMILK: 90.51%; 9.30%; CASES 0.19%.
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK'DURING AUGUST 1930

EXPORTS IMPORTS
EXPORTS TO POUNDS IMPORTS FROM POUNDS
EUROPE
FRANCE 23,382
ITALY 12,990
UNITEDi KINGDOM'. .61,420
NORTH AMERICA NORTH AMERICA
CUBA 13,062 CANADA 69,340
MEXI CO. 15,530
PANAMA 37,531
SOUTH AMERICA
ARGENTI NA 20,882
COLOMBIA 23,470
VENEZUELA 23,417
ASIA
CHINA 28,664
JAPAN 12,350
OCEANIA
PHILIPPINE Is. 52,913
OTHER COUNTRIES 93,941
TOTAL AUGUST 1930 425,552 TOTAL -'AUGUST 1930 69,340
TOTAL AUGUST 1929 250,371' TOTAL AUGUST 1929 257,049
JAN. AUG. (.NC.) 1930 4,306,974 JAN. AUG. (INC.) 1930 2,094,003
JAN. AUG. ANC.) 1929 3,329,293 JAN. AUG. (INO.) 129 2,906,377


U(OMPILED FROM OFFICIAL


RECORDS OF THE


BUREAU OF FOREIGN AND DOMESTIC COMMERCE.)


DRY MILK MARKETS STEADY TO FIRM SUPPLIES FULLY AMPLE


ALT-HOUGH DRY MILK MARKETS WERE
APPARENTLY STATISTICALLY SOUND, THE UN-
CERTAINTY OF THE'FUTURE IN REGARD TO THE
PRODUCTION TREND AND CONSUMER DEMAND MADE
FOR A SLIGHT SOFTENING IN TONE WITH THE
RESULT THAT THE FIRM TONE OF THE FIRST
PART OF SEPTEMBER DEVELOPED INTO A STEADY
TO FIRM TREND AS THE ,O:ONTH ADVANCED. IN
SOME QUARTERS A SLIGHT REDUCTION IN PRICE-
OCCURRED, WHILE IN OTHERS QUOTATIONS RE-
MAINED UNCHANGED. THE COOLER WEATHER OF
THE MONTH MADE FOR. A .LESS ACTIVE DEMAND
ON THE PART OF THE ICE CREAM TRADE, WHILE
THE ADVANCED FEEDING SEASON WAS CHIEFLY
RESPONSIBLE FOR THE NARROWED OUTLET TO
FEED MANUFACTURERS. PRODUCTION CONTINUED
TO DECREASE IN THE COUNTRY AS A WHOLE,
ACCORDING TO UNOFFICIAL REPORTS FROM THE-
TRADE, BUT IN SECTIONS OF THE MIDDLE WEST
AND THE PACIFIC COAST THE MAKE WAS REPORT-
ED AS INCREASING DUE TO THE DIVERSION OF
MILK FROM OTHER PRODUCTS TO DRY MILK.
DESPITE THE FAIRLY LIBERAL PRODUCTION.AND
THE-REDUCED OUTPUT, STOCKS WERE NOT
BURDENSOME ALTHOUGH FULLY AMPLE.
A STUDY OF WHOLESALE SELLING PRICES
AS COMPUTED FROM REPORTS OP ACTUAL SALES
MADE TO THE U. S. BUREAU OF AGRICULTURAL
ECONOMICS, SOWS. THAT THE GREATEST PRICE
CHANGE OCCURRED IN WHOLE MILK, THE AVERAGE
SELLING PRICE OF WHICH DROPPED 0.990 DUR-
ING AUGUST; THE AVERAGE SELLING PRICE OF
DRY-BUTTERMILK DECLINED 0.230, WHILE THAT.
OF SKIM MILK ADVANCED 0.040. QUOTED WHOLE-
SALE SELLING PRICES OF.DRY S IM MILK IN
ELEVEN SCATTERED MARKETS THROUGHOUT THE
COUNTRY CONCUR WITH THE ABOVE TABULATION.
PRICES OF ALL CLASSES OF DRY MILK. CONTIN-
UED .BELOW T:.IOSE FOR THE SAME MONTH A YEAR
AGO BY AN APPRECIABLE MARGIN. THE SOME-:
WHAT EARLIER POULTRY FEEDING SEASON IS RE-
FLECTED IN THE DROP OF BUTTERMILK SALES
WHICH FELL ACOUT 600,000 POUNDS SHORT OF
BOTH JULY, 1930 AND AUGUST, 1929. THE AB-
NORMALLY WAR'1 AUGUST WEATHER, ON THE OTHER
HAND, MADE FOR A MORE LIBERAL CONSUMPTION.
OF BOTH SKIM AND WHOLE MILK IN OOMPARISON
WITH A YEAR AGO, BUT AUGUST SALES OF SKIM


Z999 6ZLO Z9ZI

ii lol All 11111111
VOIAO74 A0 lIlS8IAINn


'ILK. FELL AROUND 3,600,000 POUNDS SHORT OF
THE COMPARATIVELY HEAVY JULY SALES.
SOMEWHAT OF A TURN IN THE.STOCKS
SITUA-TION OCCURRED DURING AUGUST. INSTEAD
OF SHOWING AN INCREASED SHORTAGE IN COM-
PARISON WITH A YEAR AGO, STOCKS OF SKIM
MILK ON SEPTEMBa: I, SHOWED NOT ONLY A
FURTHER ACCUMULATION OVER THE MONTH H PRE-
VIOUS, BUT AN ACTUAL REDUCTION IN THE SO-
CALLED SHORTAGE OF AUGUST I OF OVER ONE
MILLION POUNDS. As IT WAS, SEPTEM.IER I
STOCKS WERE TILL AROUND 4,400,000 POUNDS.
UNDER THOSE OF EVEN DATE A YEAR AGO, AND
WE:E SUFFICIENT IN VOLUME TO LAST THE
COUNTRY FOR 46 DAYS, AT THE CURRENT RATE
OF CONSU'IPTION, IN COMPARISON WITH A 65
DAYS :SUPPLY ON THE SAME DATE A YEAR AGO
AND 45 DAYS A MONTH AGO. SOCKS OF WHOLE
MILI WERE SLIGHTLY LIGHTER ON SEPTEMBER I
T'-AN A MONTH EARLIER, BUT STILL EXCEEgED
THE HOLDINGS OF A YEAR AGO BY OVER 5~1.
PRODUCTION OF ALL CLASSES OF DRY MILK
SHOWED A NORMAL SEASONAL DECLINE FROM THE
PREVIOUS MONTH, AND WHILE THE MAKE OF SKIM
AND BUTTERMILK STILL EXCEEDED THAT OF A
YEAR AGO BY 22 AND 4% RESPECTIVELY, ITIS
TO BE NOTED THAT THE 1930 PRODUCTION TREND
IS MO;E CLOSELY APPROACHING THAT OF 1929.
CASEIN MARKET UNSETTLED-TRADING SLOW
.THE UNSETTLED TONE OF THE CASEIN
MARKETS CONTINUED DURING SEPTEMBER. AMPLE
SUPPLIES AND A SLOW DEMAND MADE FOR A
BUYERS' MARKET. TRADING WAS QUIET, AS
MANY BUYERS STILL HAD AMPLE STOCKS ON HAND
AND PREFERRED TO AWAIT FURTHER MARKET DE-
VELOPMENTS, WHILE OTHERS WERE ONLY INTER-
ESTE'D IN SMALL LOTS Tb FILL IMMEDIATE
NEEDS. 'PRICES VARIED WlbELY BUT, IN GEN-
ERAL, QUOTATIONS WERE UNCHANGED FROM LAST
MONTH AND RANGED FROM I 1I- TO 14 CENTS
F. 0. B. NoW YORK, WITH SCATTERED LOTS
MOVING FRACTIONALLY ABOVE AND BELOW
THS QUOTATION.


SEPT.EMER 1930


'


---


----------










OCTOBER 28, 1930..


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE


DRY MILK MARKET REPORT FOR OCTOBER 1930


'VAS:H INGTON,D.C.


MANUFACTURERS' WHOLESALE SELL N. FR ICES DURING SEPTEMBER
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS. FOR GOODS
F.O.B. FACTOR' ON THE BASIS OF CASH OR.S:'ORT 'TIME CREDIT. WIDE RANGES alN PR'I'GES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE !F PRODUCT SOLD.
DRY SKIM MILK DRY WHOLE MILK.. R6 BUTTERMILK


US( Lk Gooos)


. ( But Geo
ps)


REPORTED SALES REPORTED SALES. REPORTED:.SALES
POUNDo POUNDS
PRICE IN BAGS...I N .BBLS PRICE POUNDS PRICOE'f. I N S3A6' IN BLS
:5 5-0 1,098681 20 201 12,147 5 5, 199,11 .
5 .6 659,942 831,813 20- 21' 51 6-. 788,914 163,800
6 6- .. 2,495 068i 236,377 2 22-. -._ 7 339,451 8,550
S- 7 219,681 f 1,952,522 22"-.23. -766,633 7 81 38,606 75,023
7 7. 24,504 1,889,581. 231- 24-1 35,260 8-1- 9 .' 14,260
.7 .8 13,653 4,366,368 24--- 25. -
8 .20,471 1,130,430 251- 26 -
8- 9 200,970 26-- 27, 6,600
9 9" '1S,414 36,600
.9 10 -
1-- 10 727
, A L 4,461,414 .11,645,338 820,640 .1,366,083. 261,633
GJD TOTAL 16,106,802 820,640 I,S27.-7-16
AVERAAEPRICE SEPT.1930 6.880 23.11 6.21
.AUG. 1930 6.830 -23.260 6.390
S" I" SEFT. 929 8.01 25.480 6.900
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY. WHOLE MILK (I LB. CANS) 46.750 PER LB.
DRY BUTTERMILK 8.65 PER LB.


WHOLESALE SELLING PRICES F. 0, B.-DISTRIBUTIN2 POINTS SEPTEMBER
DRY SKIM MILK
(CENTS PER LB.)


--BOST'.---
NEW YORK
PHILADELPHI A
CHICAGO
CLEVELAND
ST. LOUIS


-BAGS
6.25'-
6.25 -
6. 5 -
5.25 -
5.25 -
6' -


BSLS.
7.25 10 ..
5.74 10
7.25 '1.01
5.685- 10.125'
6 .. 10
6.42 -' 10


KANSAS CITY
SEATTLE -
POR.TLANID
Los ANGELES
SAN FRANGISCO


3_ BBLS.
7 S.75.- 10 '*
3,5 -'9
6 7.5. .
7.5 -9
7.5 9


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES:ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FROM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

CAS TOTAL STOCKS ON HAND
CLASSES OF OCTOBER I, 1930
SDRY /ILK PIN BAG IN'BARRELS O.T L PND (A) FIRMS*
__ (_POUNDS) (POUNDS AL POUNDS (A) FIRMS*
i' ;WHOLE MILK I ,'800 3,554,515. 4.348,148 10
SKIM MILK .6,708,798 20,61,017 .27,327,805** 105
S PART SKIM 0 56,943 56,943 3
: CREAM POWDER 0' 46,421' 46,421 3
S- (A) -INCLUDES CASE GOODS AS FOLLOWS: WHOLE MI.LK, 1,291,833
POUNDS..
S ** EQUI.VALENT-TO 45-DAYS REQUIREMENTS:. ON THE BASIS OF THE
AVER;.GE DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY'THE
'BUREAU OF.AGRICULTURAL ECONOMICS, THE STOCKS OF DRY SKIM MILK ON
OCTOBER I WERE EQUAL TO APPROXIMATELY 45 DAYS REQUIREMENTS IN
COMPARISON WITH-b8 DAYS ON OCTOBER I, 1929, AND 46 DAYS ON
SEPTEMBER'I 1930.

COMPARER I SON OF-TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS:(POiUN DS) ON HAND FOR.SAME FIRMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
S ____ FIRMS* OCT. 1,1930 OCT. I 1929 FIRMS* OCT. 1.'1930 SEPT. ., 1930
WHOLE MILK 9 ;4',.099,737 2,626,939 .10 4,848,148 5,629,98&
SKIM MILK 87. 24,401 234 26,616,612 103 27,322,805 27,519,991
PART SKIM 3 561943 : 63,394
CREAM POWVDER 2 458 101,782 3 46,421 33.983
* FIGURES SHOWING NUMBER. OF-FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
.::OCTOBER; 1930


c uB( Goo os )




*oG 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS SEPTEMBER


INCLUDES REPORTS FROM PRINCIPAL-.FllRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
_FIRMS* SEPT. 1930 SEPT.1929 FIRMS* SEPT.1930 AUG. 1930
WHOLE-MILK 9 136,994 328,594 .10 267,962 544,415
SKIM MIL 85' 13,733,949 10,549;959 101 15,177,106 17,401,698
PART SKIM .- 2 . ''1.2.,' 10,53
CREAM POWDER 2 24,519 23,287
BUTTERMILK 67 2,428,485 2,792,51 72 2,467,037 2,823.930
REPORTS INDICATE THAT SEPTEMBER PRODUdTION WAS PACKED AS-FOLLOWS:
DRY WHOLE MILK:: BAGS 0.67%; BARRELS 77.81%; CASES 21.52%.
DRY SKIM MILK: .- 28.65%; 71.35'.
DRY PART SKIM: 0 .' '100.00.
DRY BUTTERMILK: 91.09%; g : .02%; CASES 0.89%.
PRODUCTION DRY SKIM MILK AUGUST 1930 (ALL FIRMS WHICH REPORTED) 17,797,158 LBS.
* FIGURES SHOWING G NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMSN.OPERATE MORE THAN ONE FACTORY. *

EXPORTS AND IMPORTS OF DRY MILK DURING SEPTEMBER 1930


EXPORTS


EXPORTS TO.
EUROPE
FRANCE
NORTH AMERICA
CANADA
CUBA
MEXICO
PANAMA
SOUTH AMERICA
BRAZIL
OOLOMBIA
VENEZUELA
ASIA
CHI NA
JAPAN
OCEANIA
PHILIPPINE IS.
OTHER -COUNTRIEFR


POUNDS

78,318

18,059
20,933
84,263
29,309

21,243
27 314
30,969

13,440
S10,120


42,300
In01 0o6


IMPORTS


IMPORTS FROM
SEUROPE
DENMARK
NETHERLANDS
NORTH AMERICA
CANADA .


OCEANIA
..AUSTRAL I A
MN-II 7Z-Ai Ar


POUNDS

150
55,800

71,130


270
PR5


uoo 4 w EALAND INW
TOTAL SEPTEMBER 1930 .477,354. TOTAL SEPTEMBER 1930 127,602
TOTAL SEPTEMBER 1929 329,371 TOTAL SEPTEMBER 1929 221,034
JAN. SEPT. (-INC.) 1930 -4,784,328 JAN. -'SEPT. (INC.) 1930 2,221,605
--r-4AN-.--SEPT. (INC.;) 1929 3,657,6.64 JAN SEPT. (INC.) 1929 '3, 1-7,.4.1
(COMPILED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE)

DRY MILK MARKETS STEADY TO.'FIRM DEMAND NOMINAL


OCTOBER DRY MILK MARKETS DID NOT
?HOW ANY MATERIAL CHANGE FROM THOSE OF
*THE PREVIOUS MONTH. DEMAND CONTINUED
NOMINAL AT GENERALLY UNCHANGED PRICES;
PRODUCTION, WHILE EXCEEDING'THAT OF A
YEAR AGO, WAS NOT CONSIDEREDUNDUELY
HEAVY. BECAUSE OF THE INCREASED PER CAPITAL
SONSUMPTIONr FROM YEAR TO "VEAR; 'AND STOCKS,
WHILE FULLY AMPLE, WERE NOT BURDENSOME.
SALES PROMOTION EFFORTS ON THE PART OF
THE TRADE ASSOCIATIONS AND INDIVIDUAL
MANUFACTURERS -CONTINU..ED..WI TH COMPARATIVE-
LY,SAT.ISFACTORY RESULT.: A REDUCTION IN
T 'FREIGHT RATE OF L. :Q .L. LOTS. OF DRY
SM MILK IN BARRELS FROM:THE THIRD TO
THE FOURTH CLASS., BY THE SOUTHERN-FREIGHT
ASSOCIATION, WAS RECEIVED WITH SATIS-
FACTION BY THOSE BUYING AND. SELLING IN
THE 'SOUTHWEST TERRITORY.


POUNDS HEAVIER THAN DURING AUGUST. COMPAR-
ED WITH THE SAME MONTH-A YEAR AGO, SEPTEM-
BER SALES OF SKIM MILK WERE 3 500 000
POUNDS HEAVIER,:WHOLE MILK 258,000 POUNDS
HEAVIER,, WHILE BUTTERMILK SALES FELL
AROUND '750,000 POUNDS SHORT OF THOSE OF A
YEAR AGO.
'OCTOBER I STOCKS OF SKIM MILK
POWDER'AMOUNTED TO 27,300,000 POUNDS AND
WERE OF. SUFFICIENT VOLUME TO'LAST THE'
COUNTRY FOR 45 DAY.S.AT THE CURRENT RATE OF
CONSUMPTION IN COMPARISON WITH A 58 DAYS
SUPPLY A YEAR AGO AND 46 DAYS A MONTH AGO.
A TURNING POINT IN THE SKIM MILK STOCKS
SITUATION OCCURRED ON SEPTEMBER I. INSTEAD
OF SHOWING A FURTHER INCREASE IN THE
SHORTAGE AS ON AUGUST I, SEPTEMBER I
STOCKS SHOWED AN ACTUAL REDUCTION IN THE
SHORTAGE nF nv0 ER l000000 POUNDS. ON


SEPTEMBER AVERAGE WHOLESALE SELL- OCTOBER I THE SEPTEMBER.I SHORTAGE OF
ING PRICES, AS COMPUTED FROM REPORTS OF 4,300,000 POUNDS WAS DECREASED TO
ACTUAL SALES RECEIVED BY THE U.S. BUREAU 2,200,000 POUNDS. THE STOCKS SITUATION
OF AGRICULTURAL ECONOMICS, DID NOT SHOW OF OTHER CLASSES OF DRY MILK WAS PRACTI-
ANY MARKED CHANGES FROM THOSE OF. AU.UST. CALL -UNCHANGED. THE PRODUCTION OF SKIM
DRY SKIM MILK AVERAGED 0.050 HIGHER,,WHILE MILK DURING SEPTEMBER EXCEEDED THAT OF
WHOLE MILK AND BUTTERMILK AVERAGED 0. 15 THE SAME MONTH A YEAR. AGO BY APPROXIMATELY
AND-0.18. LOWER, RESPECTIVELY. THE AD- 'THE SAME MARGIN AS DURING AUGUST AND CON-
VANOE IN THE PRICE OF SKIM MILK IS'ALSO TINUED ABOUT 3,200,000 POUNDS IN EXCESS 'OF
REFLECTED.IN WHOLESALE QUOTATIONS FROM.. A YEAR AGO. THE PRODUCTION OF WHOLE MILK
ELEVEN SCATTERED MARKETS THROUGHOUT THE AND BUTTERMILK WAS'RELATIVELY 'LIGHTER
COUNTRY. IN COMPARISON WITH THE SAME THAN A YEAR AGO.
MONTH A YEAR AGO, THE AVERAGE SELLING
PRICES OF ALL TREE CLASSES OF DRY MILK CASEIN MARKET CONTINUES UNSETTLED
CONTINUED LOWER BY AN APPRECIABLE MARGIN, U ThAUING (QUI'L
HOWEVER, IT SHOULD B.E.NOTED TH,.T THE PRICE 'THE OCTOBER CASEIN MARKET CONTINU-
QF BUTTERMILK IS MOST:CLOSELY APPROACHNG ED UNSETTLED. THE OCTOBER ALLOWING QUOTATIONS,
THAT OF A YEAR AGO. THE COOLER WEATHER b NSE TTLED.T REPRESOWENTG OTLALONS
HAD 'NARROWED THE OUTLET OF SKIM MILK F.0.U..NEW YORK, REPRESENT WHOLESALE
POWER TO THE ICE CREAM. TRADE DURING QUOTATIONS OF MAJORITY SALES. SCATTERED.
SEPTEMBER.AND WAS CHIEFLY RESPONSISLE-FOR LOTS WERE MOVED AT. PRICES ABOVE AND BELOW
THE 1,000,000 POUNDS DECREASE IN SALES IN HEEMEOTATI 0 MESH N- 1
COMPARISDN.WITH AUGUST, WHILE THE'ADVANC-:. 80 100 I -
ED.FEEDING SEASON MADE FOR A SLIGHT FALL-.. IMPORTED I I .1 I1
ING OFF IN THE SALES OF DRY BUTTERMILK. .. BUSINESS AT THESE QUOTATIONS WAS GENERALLY
SALES OF WHOLE MILK DURING SEPTEMBER, ON QUIET.' IMPO':TS OFCASEIN DURING SEPTEMBER
THE OTHER HAND, WERE APPROXIMATELY 150,000 AMOUNTED TO SLIGHTLY OVER 7.42,000 POUNDS.
OCTOBER .1930

, l 1 0999 6IL90 I9Z C .

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NOVEMBER 28, 1930


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE


DRY MILK MARKET REPORT FOR NOVEMBER 1930
MANUFACTURERS' WHOLESALE SELLING PRICES DURING OCTOBER
THE WHOLESALE PRICES GIVEN BELOW ARE SASED UPON RE=O'TS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK DRY 'WHOLE MILK DRY BUTTERMILK
(BULK GOODS) (BULK GOODS) (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES,
POUNDS POoNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
4 4 I,1148 407,300 20 20-0 25,000 5 6..0 1,062,$29 164,850
4 5 23,480 20,- 211 2,334 8- 7 321,383 17,800
-5-
5 5 592,139 21 22 10,190 7- B & 46,500 98,325
51- 6 255,340 22 23 709,470 9 8,200 .40100
6 6 1,661,381 2,066,377
61 7 1,110,958 2,352,091
7 71 16,821 3,566,347
71 8 2,429,349 ..
'8 8 23,302 934,589
8 9- 6,800
9 9. 36,600
TOTAL 3,684,569 11,799,453 746,994 1,438,712 321O75
GRAND TOTAL 15,484,022 .746,994 1,759,787
AVERAGE PRICE OCT.1930 6.820 23.1701 6.460
SEPT.1930 6.880 23.110 6.21~
OCT.1929 7.970 25.730 7.-030


WHOLESALE PRICES REPORTED ON CASE GOODS WERE
MILK (I LB. CANS) 46.850 PER 'LB.

WHOLESALE SELLING PRICES F. O. B. DISTRIBUTING


AS FOLLOWS:


POINTS OCTOBER


DRY SKIM MILK
(CENTS PER LB,)


BOSTON
NEW YORK
PHI LADELPHI A

CLEVELAND
ST. LOUIS


BAGS
6.25 -
5.875 -
7.25 -
4.94 -
6.5
5.75 -


BAGS


7
6.5
6.5
6.7
7.25
8


10
10


10
9.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BBLS.


7 7.125 9.5
7 8.5 6.5 9.5
6 7.5-- -8,.57
7 '-8.57
6.75 10.9


MANU-ACTURERS' S'~oKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FROM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.


ii lB.


CLASSES OF
DRY MILK -


IN BAGS
(POUNDS)


TOTAL STOCKS ON HAND
NOVEMBER I, 1930


IN BARRELS
(POUNDS)


TOTAL POUNDS (A)


__ _ __ _ -, ~ .


WHOLE MILK


13.516


3 18R.R28


'
4 366 299


SKIM, MILK 8,292,803 20,389,640 28,682,443** 100
PART SKIM 0 56,347 56,347 2
CREAM POWDER 0 101,090 101,090 3


(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK, 1,168,955
POUNDS.
** EQUIVALENT TO 44 DAYS REQUIREMENTS.: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY THE
BUREAU OF AGRICULTURAL ECONOMICS, THE STOCKS OF DRY SKIM MILK ON
NOVEMBER I WERE EQUAL TO APPROXIMATELY 44 DAYS REQUIREMENTS IN
COMPARISON WITH 52 DAYS ON NOVCM3ER I, 1929,AND 45 DAYS ON
OCTOBER I, 1930.


COMPARISON OF TOTAL SOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK
FIRMS* NOV. 1,1930 Nov. 1,1929 FIRMS* Nov. 1,1930 OCT. 1,1'930
WHOLE :-:ILK 9 3,653,457 2,287,047 10 4,366,299 4,848,148
SKIM MILK 82 '25,922,420 25. 1'.,480 96 28,447,144 2 27,279,194
PART SKIM 2. 56,347 56,943


CREAM POWDER


8 .07


S 101 ,090


46,42'1.


* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OdFFACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

NOVEMBER ..'930 .


. .....


WASHINGTON, D.C.


DRY WHOLE


FI RMS*


I .


'





.I -


I-


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PAGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS OCTOBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY I LK ____________
______FIRMS* OCT. 1930 OCT. 1929 FIRMS* OCT. 1930 SEPT..1930

WHOLE MILK 9 325,618 422,445 10 502,728 267,962
SKIM MILK 82 15,597,404 10,601,578 97 16,834,600 15,028,907

PART SKIM 2 16,454 12,612

CREAM PO'DER 2 65,629 24,519

BUTTERMILK 64 2,497,359 3,131,066 69 2,511,927 2,431,628
REPORTS INDICATE THAT OCTOBER PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 3.64%; BARRELS 62.194; CASES 34.17%.
DRY SKIM MILK: 34.44%; 65.49%; 0.07%.
DRY PART SKIM: 0 100.00,.
DRY BUTTERMILK: 87.04%; 12.96%.
PRODUCTION DRY -SKIM MIL;K SEPTEMBER 1930 (A-UL FtRMS WHICH REPOR-TED). -I.5,470,70Z.7 .BS,
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY.


EXPORTS AND


IMPORTS OF DRY tILK DUR I NG OCTOBER 1930


EXPORTS
EXPORTS TO
EUROPE
FRANCE
SPAIN
NORTH AMERICA
HONDURAS
MEXICO
PANAMA
SOUTH AMERICA
ARGENTINA
BRAZIL
COLOMBIA
VENEZUELA
.' INA.
OCEANIA
PHILIPP'INE IS.
OTHER COUNTRIES


POUNDS


34,200
22,690

10,625
57,316
23,891

10,750
19,787
16,612
29,589

46,346

79,461
1 151624


IMPORTS
IMPORTS FROM
EUROPE
OENMARK
NETHERLANDS
UNITED KINGDOM
NORTH AMERICA
CANADA


POUNDS

135
66,600
1,080

108,422


OCEANIA
NEW ZEALAND


TOTAL OCTOBER 1930 466,891 TOTAL OCTOBER 1930 176,417
TOTAL OCTOBER 1929 677,892 TOTAL OCTOBER 1929 554,455
JAN. OCT. (INC.) 1930 5,251,219 JAN. OCT. (INC.) 1930 .2,398,022
JAN. OCT. (INC.) 1929 4,335,556 JAN. OCT. (INC.) 1929 3,681,866-
(COMPILED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE)

DRY MILK MARKETS EASY, UNDERTONE'J-RRE!QULAR STOCKS INCREASING SALES LIGHTER


LIKE MOST OTHER DAIRY PRODUCTS,
DRY MILK EXPERIENCED SOME PRICE REVERSALS
DURING NOVEMBER. ALTHOUGH VALUES DID NOT
DECLINE SO DRASTICALLY A-S ON BUTTER -AND
CHEESE, FRACTIONAL PRICE REDUCTIONS WERE
REPORTED FROM SCATTERED SECTIONS OF THE
COUNTRY, ACCORDING TO THE U.S. BUREAU OF
AGRICULTURAL ECONOMICS.. AS THE MONTH
COMES TO A CLOSE, THE TONE IS EASY AND
THE UNDERTONE IRREGULAR. PRODUCTION CON-
TINUED TO GAIN DURING THE MONTH AND, WITH
DEMAND SLOW, STOCKS CONTINUED TO INCREASE.
ON THE WHOLE, HOWEVER, SALES ARE HEAVIER
THAN IN OTHER YEARS DUE MOSTLY TO IN-
CREASED OUTLETS FOR THE VARIOUS TYPES OP
DRY MILK. FOR TH;T REASON, DEALERS DO
NOT CONSIDER THE INCREASED STOCKS AS
ENTIRELY UNFAVORABLE AS LARGER CURRENT
SUPPLIES ARE NECESSARY TO SATISFY IN-
CREASED OUTLETS.


LIGHTER ON BOTH SKIM AND WHOLE MILK DURING
OCTOBER AS COMPARED WITH SEPTEMBER, BUT
"'AS SLIGHTLY HEAVIER ON BUTTERMILK. AS
COMPAREDD WITH OCTOBER, 1929, SKIM MILK.
SALES EXCEEDED THOSE OF A YEAR AGO BY
NEARLY 4,000,000 POUNDS WHOLE MILK SALES
BY SLIGHTLY OVER 100,000 POUNDS WHILE
BUTTERMILK SALES WERE OVER 1,500000 LBS.
LIGHTER. THE EARLIER CHICKEN CROP, AND
THE 'LIGHTER FEEDING OF THIS YEARS POULTRY
CROP DUE.TO COMPARATIVELY LOWER PRICES,.
PROBABLY WAS PARTIALLY TO BLAME FOR THE
COMPARATIVELY LIGHT BUTTERMILK SALES DUR-
ING THE LAST SEVERAL MONTHS.
WHILE SKIM MILK PRODUCTION USUALLY
DOES NOT SHOW A SEASONAL GAIN BEFORE DEC-
EMBER, THIS YEAR PROVED AN EXCEPTION.AS
OCTOBER PRODUCTION EXCEEDED THAT OF SEPT
BER BY MORE THAN I,800000 POUNDS, OR |2
INDICATIVE ALSO, OF THE HEAVY MAKE IS THE
FACT THAT OCTOBER, 1930, PRODUCTION EX-
CEEDED THAT OF OCTOBER, 1929, BY NEARLY


OCTOBER WHOLESALE PRICES ON PRACTI -50. THE HEAVIER PRODUCTION WAS REFLECTED
OCTE WIN A 4.3,.INCREASE IN STOCKS DURING QGTO-
CALLY ALL CLASSES OF DRY MILK DID NOT SHOW I, SO TAT NOVEMBER I STOCKS WERE NG
ANY APPRECIABLE CHANGE FROM SEPTEMBER, AS HEAE THA NOVEMAR TOCK WILE 0 -TOsER-
MENTIONED IN LAST MONTHS COMMENTS, AND AS STOCKS WERE'8 LIGHTER.
FURTHER SUBSTANTIATED BY REPORTS OF SALES
AND F. 0. B. SELLING PRICES FROM SCATTER- CASEIN MARKET WEAK, UNDERTONE UNSETTLED
ED SECTIONS OF THE COUNTRY. IT IS OF TRADING DULL
INTEREST, HOWEVER, THAT F. ,0 B. WHOLE- WITH OFFERINGS STILL PLENTIFUL AND
SALE SELLING PRICES SHOWED A NARROWER TRADING DULL, CASEIN MARKETS D'ID NOT DIS5
PRICE RANGE ON BARRELED GOODS, AND A PLAY ANY NOTICEABLE IMPROVEMENT DURING Nov-
WIDER RANGE ON'BAGGED, FACTORS INDICATIVE EMBER. MARKET RULED WEAK AND UNDERTONE
OF A FIRMER TONE ON THE BETTER GRADES OF WAS UNSETTLED. BUYERS ARE MORE .INTERESTED
DRY SKIM MILK, AND AN EASIER TREND ON THE IN WATCHING FUTURE MARKET DEVELOPMENTS THAN
LESS DESIRABLE GRADES USED FOR ANIMAL CURRENT OFFERINGS. WITH ARGENTINE ENTER-
FEEDING. OCTOBERAVERAGE SELLING PRICES ING UPON THE .FLUSH SEASON OF PRODUCTION,
AS OCTOBERAVERAGECESOFFERINGS FROM THAT COUNTRY ARE BECOMING
AS COMPUTED FROM REPORTS OF ACTUAL SALES, MORE NUMEROUS. ARGENT'INE NOW OFFERED AT
SHOWED A DECLINE OF..0.06t ON SKIM MILK, 4 to 60, C.I.F., NEW YORK, BUT BUYERS DO
AND AN ADVANCE OF 0.060 AND 0.250 ON NOT SHOW A GREAT DEAL OF INTEREST. TO ANY
WHOLE MILK AND BUTTERMILK, RESPECTIVELY, IMPORTATIONS, THE CENTS TARIFF RATE
FROM THE SEPTEMBER AVERAGES. LIKE QUOTA- WOULD HAVE TO BE ADDED MAKING THE "L'AID-
TIONS ON MOST OTHER AGRICULTURAL COMMODI-- m.WN" COST 10 TO li- CENTS. DOMESTIC
TIES, PRICES ON ALL CLASSES OF DRY MILK CASEIN, DELIVERED ATLANTIC SEABOARD IS
CONTINUE BELOW THOSE OF'A YEAR AGO BY A' REPORTEo 20 T'030 MESH AT 10 TO 13- CEN-TS
SUBSTANTIAL MARGIN. THE TRADE OUTPUT, AS 80 TO 100 MESH AT JO l TO 14 CENTS.
REFLECTED BY REPORTED SALES, WAS SLIGHTLY
NOVEMBER 1930

6189 6ZL90 Z91 C .. ;

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-----l"'"TR~rrplP~I"~-` ~--~i










DECEMBER 27,


1930


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF-.AGRICUL.TURAL ECONOMICS
MARKET NENS SERVICE'


,WASH


INGTON, D.C.


DRY MILK MARKET REPORT FOR DECEMBER..1930
MANUFACTURERS' WHOLESALE SELLING PRICES DURING NOVEMBER


THE WHOLESALE PRICES GIVEN BELOW ARE BASED UP I kiC iR iS'FROM MANUFACTURERS
COVERING ACTUAL. SALES TO JOBBERS, WHOLESALE GROCERS AN L $OJPILAR BUYERS FOR GOODS
F.0.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CRE~I'T. WIDE RANGES 'IN PR.I CES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR. G:O p 9F :PRgDUQT SOLD..
DRY SKIM MILK DRY WHOLE MILK R- BUTTERMILK
(BULK GOODS) (BULK GOODS) (Qp99
REPORTED SALES REPORTED SALES REPORTED SALEg"
POUNDS POUNDS .
PRICE IN BAGS '- IN BBLS. PRICE POUNDS PRICE" 'IN BAGS IN 8EM. "
4- -5'0 186,831 20 -20- 24,778 ,4 -5LO 188,587 -'
5 -5- 916,988 201-21 ,566 96,703 125,100
5 -6 313,736 Z47,950 2.1 -22.. 40,640 .6-7 116,056 3,900
4 -6 732,108 2,335,723 224-23 1 258,279 7.-8 975 551-725
S6.-7 [72,462 1,650,896 231-24- 139,230 8-9 4 :43 ,.0
7 -7 14,368 4,313,831 24,-25- 10,186
7- -8 '82,260
8 -8 7,607. 761 ,020
8 -9 -
9 -91 44,000
,.TOTAL 2,344,100 10,635,680 473,113 1 ,002,331 227,825
GRAND TOTAL 1.2,979,780' 1,230,156
AVERAGE PRICE NOV.' 1930 6.:61 .23.080 6.080
OCT '1930 6.820 23.170 6.460
NOV. .1929 .7.890 26.21 '6 96.940


DRY WHOLE


WH6LE-SALE .PRICES
MILK (I LB. CANS) 46.94d


REPORTED ON CASE GOODS
PER L3.


WERE AS FOLLOWS:


WHOLESALE SELLING PRICES F. 0. B; DISTRI'UTIN;.POI:NTS NOVEMBER


DRY SKIM'.MILK
(CENTS PER LB.)
. BBLS.


BOSTON 6.5
NEW. YORK 5.8
PHILADELPHIA 6.5


CHICAGO
CLEVELAND
ST. Louis


4.9
6.5
5.75 -


- 10 7 -. 10 KANSAS CITY


- 10 6.4 10


SEATTLE


- 10 7 -. 10 PORTLAND


S 6.4 -10.125 Los ANGELES
S 7 10 SAN FRANCISco
7 7.95- 9
MANUFACTURERS' STOCKS OF DRY.MILK


. 5. 55 -6.5' 7 -


6


7.42- 8


- .5 8.9
- 6.75- 8


TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED )Y THEM OR PURCHASED PROM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE'3UT NOT DELIVERED.


TOTAL STOCKS ON.HAND
.DECEMBER I ,.19.30


IN BARRELS
(POUNDS)
2.870.560


21 391 ,693


49,743
;95,801


TOTAL POUNDS (A)


: I 4:.045, 196


131.535,154**.


I- (A). INCLUDES CASE GOODS AS FOLLOWS: .- WHOLE MILK 1,172,827 POUNDS.
EQUIVALENT TO 47 DAYS REQUIREMENTS: ON THE .BASIS OF THE AVERAGE
-.DAILY REQUIREMENTS FOR THE PAST YEAR, AS REPORTED BY THE BUREAU OF
AGRICULTURAL ECONOMICS, THE STOCKS :OF DRY SKIM MILK ON DECEMBER I WERE
EQUAL TO APPROXIMATELY 47 DAYS REQUIREMENTS IN OOMPARISON-WITH 50..DAYS
ON DECEM3ER I 1929,- AND 44 DAYS-ON NOVEMBER I, 19-30;.
_____COMPARISON. OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (FOUNDS) ON HAND FOR SAME FIjMS ..:EGRTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY:MILK DEC. I1930 .
FIRMS* DEC. 1,1930 DEC. I,929 FIRM '* DEc. .,1930 Nv. 1,1930


WHOLE MILK 10' 3,389,004 3;105,117 I 4,045, 196 4,366,299
SKIM MILK 91 29,157,297 24,272,378 94' 31,361',441' 28,115,923
PART SK1M 2 49,743 56,347
CREAM POWDER 2 458 71.421 3 95,801 101.090


NUMBER OF FACTORIES SINCE SOME


.OECOEM9ER.'. 9 : 30


BAGS


BAGS


BLS.'


FIRMS*

I I
100
2
3


* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT.
FIRMS OPERATE MORE THAN ONE FACTORY.


1


I


,- ,


----T


r ,


I 1 7 - I -


49,743
95,801


I








rE PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS NOVEMBER

INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.' ...
COMPARISON OF- PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK -_ _
DRY MILK FIRMS* Nov. 1930 Nov. 1929 FIRMS* Nov. '1930 OCT 1930

WHOLE MILK 10 313,266 306,637 1I 435,265 502,728
SKIM MILK 90 15,712,653 10,589,232 93 16.060,044 16,495.053
PART SKIM I 0 6,743 2 15,892 1-6,454
CREAM POWDER 2 15,738 120 2 15,738 65,329
BUTTERMILK 67 2,360,108 2,927,590 67 2,367,926 .2,538,739
REPORTS INDICATE THAT NOVEMBER'PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MI.LK: BAGS 7.33%; BARRELS 52.82%; CASES 39.85%
DRY SKIM MILK: 34.27%; 65.73%.
DRY PART SKIM. .. .. 0 100.00 .. .. -
DRY BUTTERMILK: 88.62%; 11.38%..
PR'OtCTI'N C-YV-'-SKIM MILK -OCTOBER 1930 (ALL FIRMS WHICH REPORTED) 17,099,823 LBS.
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING NOVEMBER 1930


EXPORTS TO
EUROPE
FRANCE
NORTH AMERICA
CANADA
CUBA
MEXICO"
PANAMA
SOUTH-AMERIOA
ARGENTINA
BRAZIL
COLOMBIA
VENEZUELA
ASIA
CHINA
OCEANIA
PHILIPPINE IS.
OnTHI- r(llOIMTR I


EXPORTS


POUNDS


27,900

9,384
8,726
194,496
26,026

50,173
15,999
17,627
18,425

7,872

55,268
75 184


IMPORTS
IMPORTS FROM
EUROPE
NE'HERLANDS
SWI TZERLAND


NORTH AMERICA
CANADA


PbDUNDS


94,956
26



86,721.


TOTAL NOVEMBER 1930 507,080 TOTAL NOVEMBER 1530 181 703
TOTAL NOVEMBER 1929 446,029 TOTAL NOVEMBER 1929 353,024
JAN. NOV. (INC.) 1930 5,758,299 JAN. NOV. (INC.) 1930 2,579,725
JAN. NOV. (INC.) 1929 4,731,585 JAN. NOV. (INC.) 1929 4,034,890
(COMPILED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE).
DRY MILK MARKETS EASY PRODUCTION INCREASING TRADING QUIET
WITH THE TONE EASY, DRY MILK MARKETS CIDED DROP UNDER THAT OF OCTOBER AND, AS
EXPERIENCED SOME FUITHEPi ICE REVERSALS aHOELER WA LSO LIGHTER THAN THAT OF
DURING DECEMBER UALONGI W T HBUTTE- AND MOT NOVEMBER, T THE SLUMP IN SALES WAS
OTHER DAIRY PRODUCTS. PRODUCTION CANTID M GREATEST IN THOSE GRADES OF DRY MILK USED
OTHER DAIRY PRODUCTS. PRODUCTION C3NTINU FOR ANIMAL FEEDING, UT A DECREASED DE-
TO GAIN, AND IS ESTIMATED AS RUNNING WELL MAN WAS ALSO CLEARLY REFLECTED IN REPORT
AHEAD OF LAST YEAR AS ALSO IS THE MAKE OF MAN WAS ALSO CLEARLY REFLECTS ED FOR
BUTTER,.CONDENSED AND EVAPORATED MILK,AND HUMAN OD. RODUTION, ON THE OTHER G EHAN
OTHER MINOR DAIRY PRODUCTS. WITH PRODUCTION WAS 48% HEAVIER THAN DURING NOVEMBER,1929
HEAVIER, AND SALES SELOW THOSE OF A YEAR AND ONLY SHOWED A SEASONAL DECLINE OF A-
AGO, ONE WOULD NATURALLY EXPECT AN INCREASE DOUT COMPARED WITH OCTOBER. THE LIGHT-
IN STOCKS. THIS HAS BEEN ACTUALLY THE CASE, ER TRADE OUTPUT AND THE HEAVIER PRODUC-
-AND WHILE SUPPLIES ARE NOT BURDENSO)ME,THEY TION, OF COURSE, MACE FOR AN INCREASE IN
ARE CONSIDERED PULLY AMPLE. STOCKS. COMPUTED ON THE CURRENT RATE OF
THAT NOVEMBER PRICES ON ALL CLASSES OF CONSUME TION DECEMBER I STOCKS OF DRY SKIM
D 1Y MILK WERE FRACTIONALLY LOWER THAN THOSE ,,LK WERE OF SUFFICIENT VOLUME TQ LAST FC.
DRY MILK WERE FRAC TIONALLY LOWER THAN THOSE DAYS, IN COMPARISON WITH JUT 44 DAYS O
OF OCTOE ;WA MENTIONED IN LAST MONTH'S RE-NOVEMBER I, JUT 50 DAYS A YEAR AGO. THIS
VIEW. THIS STATEMENT. IS FURTHER FORTIFIED DOES NOT MEAN, HOWEVER, THAT DECEMBER I
3Y AVERAGE PRICES TABULATED CROM REPORTS OF STOCKS WERE ACTUALLY LIGHTER THAN ON EVEN
ACTUAL SALES MAE TO THE U.S.BUREAU OF ARI E A YEAR AGO AS THEY WERE ACTUALLY
ACTUAL SALES MADE TO THE U.S. BUREAU OF A-.R HEAVIER, CU+ IT DOES MEAN THAT THE PE
CULTURAL ECONOMICS WHICH SHOW THAT NOVEMBER CAPITA CONSUMPTION OF SKIM MILK POWDER IS
-SALES HAD AVERAGED 0.210, 0.0S0 AND 0.380., eONSIDERALY HEAVIER THIS YEAR THAN IT WA
RESPECTIVELY, LOWER ON CRY SKIM, WHOLE AND LAST YEAR AND THAT APPARENT EXCESSIVE STC
BUTTERMILK THAN CURING OCTOBER. F.0.B.WHOLE-SHOULD NOT PROVE PARTICULARLY URDESOME.
SALE SELLING PRICES FROM SCATTERED SECTIONS -E H.VY STOCKS, AND .A DULL DEMAND MADE
OF THE COUNTRY FURTHER SUBSTANTIATED THE FOR A CONTINUED WEAK TONE IN CASEIN MARKET
ABOVE CONCLUSION, JUT ALSO REVEALED THAT DURING UECEMOER. QUOTATIONS WERE IRR.EGULA
PRICE REDUCTIONS WERE MOST DRASTIC IN PACI- AND CONCESSIONS WEREMORE THE RULETHAN
FI COAST MARKETS AND RELATIVELY LESS IM THE-EXCEPTION. WITH THE LARGE BUYERS PRAC-
COAST MARKETS AND RELATIVELY LESS IM- TIALLY OUT OF THE MARKET, AND WITH-ALL
PORTANT IN THE EAST. THESE QUOTATIONS ALSO BUYERS MORE INTERESTED IN FUTURE MARKET DI
SHOWED A RELATIVELY GREATER PRICE DECLINE ON VELOPMENTS THAN CURRENT OFFERINGS,TRAD-
THE LOWER GRACES OF SKIM MILK USED FOR ANIMAL ING CONTINUED DULL AND DECIDEDLY UN-
WEEDING THAN ON THOSE GRADES USED FOR HUMAN OSATFACTORE_ ~ --GNIE CASEIYORKIS; BEING
ONS OFFERED AT 4 T-1" EW RK40 BUT I T.
CONSUMPTION. COMPARED TO THE GENERAL PRICE IS FELT 3Y S6ME IN TTHER HAT IgOULT
DECLINE ON ALL CLASSES OF DRY MILK FROM BE OBTAINED DY STRONG BIDDERS AT 1-P-.TO
OCTOBER TO NOVEMBER THIS YEAR, THERE WAS THESE QUOTATIONS THE PREVAILING TARIFF OF
ALSO A SLIGHT DECLINE ON SKIM AND BUTTERMILK WOULD HAVE TO BE AD-ED MAKING THE
DURING THE SAME PERIOD OF 1929, OUT THE DROP LAID DOWN" 'OST 'AT LEAST 9I--9--.DOMESTIC
IN PRICE WAS RATHER INSIGNIFICANT COMPARED CASEIN, DELIVERED ATLANTIC SEABOARD, IS
STO THIS YEAR AND WHOLE MILK ACTUALLY ADVANC- QUOTED 20-30 'MESH 91-130; 80 TO 100 MESF
ED 0.430. THIS CHANGE MAKES THE PRICE -IOI-13.; THESE PRICES REPRESENT A
DIFFERENTIAL OF THE VARIOUS CLASSES OF DRY DECLINE OF APPROXIMATELY -.
MILK BETWEEN NOVEMBER, 1930 AND THE SAME
MONTH OF 1|29 WIDER THAN DURING ANY MONTH
OF THE YEAR.
THE TRADE OUTPUT DURIN.GNOVEMER, AS ... R
REFL ~TED IN REPORTED SALES, SHOWED A DE- DECEMBER '950
L969 6ZL80 Z9ZI -

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