Dry milk market report for ...

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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:
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Dried milk -- Prices -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )
serial   ( sobekcm )

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.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 39506362
ocm39506362
System ID:
AA00011437:00002

Related Items

Preceded by:
Powdered milk market report for ...
Succeeded by:
Monthly dry milk report for ...


This item is only available as the following downloads:


Full Text





J.iQRY 27, 1931.
*


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


DRY MILK MARKET REPORT FOR JANUARY 1931


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING PRICES DURING DECEMBER
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 DRY WHOLE MILK DRY BUTTERMILK
(BK G ) (BULK GOODS) GOODS) (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS.. PRICE POUNDS PRICE IN BAGS IN BBLS.
4 -4 0 60,331 16 -16- 203 4A-51- 406,021 2,400
4 -5' 601,503 16 -17 5- 868,285 113,200
5 -5. 1,767,348 480,871 17I-8 -7 135,60
52. -6 1,044,492 2,360,223 I 8-1 9. 17,470 --7-8 ...475-- 92, 150
6 -61 511,608 5,061,144 191--20- 28,560 81-9 7,500
--7 1,007,526 20-21 63,400
7 -71 21,261 1,430,773 21 -22' 109,629
71 -8 292,955 221-231 162,288
8 -8- 6,006 -
8 -9 -
9 -91 155,400
TOTAL 4,012,549 10,788,892 381,550 1,410,451 215,250
GRAND TOTAL 14,801,441 381,550 1,625,701
AVERAGE PRICE DEC.1930 5.980 21.990 5.940
NOV.1930 6.610 23.080 6.080
DEC.1929 7.500 25.690 6.990


DRY WHOLE


WHOLESALE PRICES REPORTED
MILK (I LB. CANS) 45.020 PER

WHOLESALE SELLING PRICES F. 0.


ON CASE GOODS WERE AS FOLLOWS:
LB.

B. DISTRIBUTING POINTS DECEMBER


BOSTON
NEW YORK
PHILADELPHIA
CHI CAGO
CLEVELAND
ST. LOUIS


DRY SKIM MILK
(CENTS PER LB.)
BAGS BBLS,
5 8 6.5 8.5 KA


5.4-
5
4.9
6
6


6.186
5.6
4.935
6.5
7


8.5
8.5
10.125
8.5 .
8.6


BAGS


ANSAS CI TY


SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BBLS.


6 8
6 5.5 7
55.- 6 7
6.5 7.9
6 -7.5


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 JANUARY 1,1931
DRY MILK IN BAGS IN BARRELS TOTAL POUNDS(A)FIRMS*
(POUNDS) (POUNDS)
WHOLE MILK 438 2,674,446 3,689,136 II
SKIM MILK 12,216,819 22,123,910 34,340,729** 100
PART SKIM 0 52,417 52,417 3
CREAM POWDER 0 86,460 86,460 3
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,014,252
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 JANUARY I WERE EQUAL TO APPROXIMATELY 51 DAYS'
REQUIREMENTS IN COMPARISON WITH.54 DAYS ON JANUARY I, 1930,
AND 47 DAYS ON DECEMBER 1, 1930.


_COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK FIRMS* JAN. 1,1931 JAN. 1,1930 FIRMS* JAN. 1,1931 DEC. 1,1930

WHOLE MILK 10 3,158,160 2,816,903 II 3,689,136 4,045,196
SKIM MILK 94 32,709,099 26,229,725 97 34,134,709 31,742,184
PART SKIM 2 200 500 3 52,417 49,743
CREAM POWDER 2 .558 120 3 86;460 95,801
*FIGURES SHOWING NUMBER OF F IRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

JANUARY 1931





PAGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS DECEMBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSESOF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK
FIRMS* DEC. 1930; DEc. 1929 FIRMS* DEC. 1930 Nov. 1930

WHOLE MILK 11 279,391 357,377 12 291,209 435,265

SKIM MILK 94 16,397,537 12,663,294 97 16,727,486 16,291,697

PART. KIM 2 0 15,217 3 17,432 15,892
CREAM POWDER 2 14,330 0 2 14,330 15,738
BUTTERMILK 70 2,794,351 3,105,263 68 2,731,299 2,376,552
REPORTS INDICATE THAT DECEMBER PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0 ; BARRELS 55.204; CASES 44.90%
DRY SKIM MILK: 37.62%; 62.384.
DRY PART SKIM: 0 100.004.
DRY BUTTERMILK: 91.09; 8.91%.
PRODUCTION DRY SKIM MILK NOVEMBER 1930 (ALL FIRMS WHICH REPORTED) 16,849,057 Lss.
*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 DECEMBER 1930


EXPORTS TO
EUROPE
BELGIUM
FRANCE
NETHERLANDS
UNITED KINGDOM
NORTH AMERICA
CANADA
MEXICO
PANAMA
SOUTH AMERICA
BRAZIL
VENEZUELA
ASIA
JAPAN
OCEANIA
PHILIPPINE Is.
OTHER COUNTRIES


EXPORTS


POUNDS

44,810
39,150
45,000
20,886

15,056
20,070
25,569

28,303
19,001

25,500

54,979
127 IP2


IMPORTS FROM


IMPORTS


NORTH A'ERICA
CANADA


POUNDS





23,625


TOTAL DECEMBER 1930 46,453 TOTAL DECEMBER 1930 23,625
TOTAL DECEMBER 1929 560,716 TOTAL DECEMBER 1929 150,785
JAN. DEC. (INC.) 1930 6,223,284 JAN. DEC. (INC.) 1930 2,603,350
JAN. DEC. (INC.) 1929 5,342,301 JAN. DEC. (INC.) 1929 4,185,675
(COMPILED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE)

DRY MILK MARKETS WEAK TRADING INACTIVE STOCKS INCREASING


FOLLOWING THE TREND SET BY BUTTER,
CHEESE, AND THE OTHER CONCENTRATED MILK
MARKETS, THE DRY MILK MARKET FOR JANUARY
RULED WEAK, WITH TRADING INACTIVE. IN
VIEW OF THE UNCERTAIN CONDITIONS FACING
DAIRY MARKETS IN GENERAL DURING THE FIRST
PART OF 1931, AND WITH THE PROBABILITY
THAT THE RECENT HEAVY MILK FLOW WILL BE
MAINTAINED FOR THE NEXT FEW MONTHS, AT
LEAST, BUYERS OF DRY MILK GOODS WERE NOT
INCLINED TO BE STIMULATED BY THE LOWER
PRICES, BUT CONTINUED THEIR "HAND-TO-
MOUTH" BUYING POLICY OF PAST MONTHS, ON
THE OTHER SIDE, BOTH DEALERS AND MANU-
FACTURERS WERE EXCEPTIONALLY ANXIOUS TO
KEEP GOODS MOVING AND WERE MORE THAN
ORDINARILY AGGRESSIVE IN THEIR ATTEMPT TO
OVERCOME THE STRONG "SALES RESISTANCE".
IT IS REPORTED THAT SOME MANUFACTURERS
ARE SELLING AT LESS THAN COST OF PRODUC-
TION TO KEEP STOCKS REDUCED. REGARDLESS
OF WHETHER SUCH A POLICY IS DESIRABLE


MENTS ON JANUARY I, 1930, COMPUTED FROM
THE 1929 RATE OF CONSUMPTION. ALTHOUGH
TOTAL STOCKS AT THE BEGINNING OF 1931
WERE ACTUALLY LARGER THAN AT THE BEGIN-
NING OF 1930, THEY WERE RELATIVELY SMALL-
ER WHEN CONSIDERED IN RELATION TO THE
RISING RATE OF CONSUMPTION.
PRICES REPORTED TO THE BUREAU ON
SALES OF DRY SKIM MILK MADE IN DECEMBER
AVERAGED 0.63 CENTS LESS THAN THE AVERAGE
PRICE REPORTED FOR NOVEMBER, AND 1.52
CENTS LESS THAN FOR DECEMBER, 1929.
SIMILAR DECREASES WERE LIKEWISE REPORTED
FOR THE OTHER CLASSES OF POWDERED MILK.
F.O.B. WHOLESALE QUOTATIONS FOR DECEMBER
SHOWED THAT THE LOWER PRICES WERE QUITE
GENERAL FOR ALL SECTIONS OF THE COUNTRY,
ALTHOUGH PERHAPS THE REDUCTIONS IN' THE
NORTHEASTERN AREAS WERE SLIGHTLY MORE
DRASTIC' THAN IN OTHER SECTIONS.
CASEIN MARKET WEAKER PRODUCTION HOLDING


UNDER EXISTING CONDITIONS, IT IS INEVIT- UP DEMAND POOR
ABLE THAT THE MANUFACTURING DAIRY INDUS- ADDITIONAL WEAKNESS IN THE CASEIN
TRY MUST BEAR THE BRUNT OF THE CURRENT MARKET DEVELOPED DURING JANUARY, DUE'TO .A
HEAVY PRODUCTION UNLESS THERE IS TO BE AN REPORTED HEAVIER PRODUCTION AND THE TEN-
UNWARRANTED WASTE OF RAW MATERIAL. DENCY OF BUYERS TO HOLD OFF ANY LARGE
ON THE BASIS OF A SAME FIRM COMPAR- ORDERS UNTIL MORE DEFINITE INDICATIONS
ISON, PRODUCTION OF POWDERED SKIM MILK IN ARE AVAILABLE ON PROBABLE DEVELOPMENTS IN
DECEMBER WAS ONLY SLIGHTLY HEAVIER THAN IN 1931 WITH RESPECT TO BOTH THE CASEIN IN-
NOVEMBER, THE NORMAL SEASONAL INCREASE FOR DUSTRY AND.THE GENERAL ECONOMIC SITUATION.
THE MONTH FAILING TO BE REALIZED, BUT SOME DEALERS REPORTED CONSIDERABLE ACCUM-
LARGER BY APPROXIMATELY 30 PER CENT THAN ULATION OF STOCK, AND IN ORDER TO PREVENT
IN DECEMBER, 1929. .MALL DECREASES, HOW- SUCH ACCUMULATIONS BECOMING UNDULY BUR-
EVER, WERE INDICATED IN THE PRODUCTION OF DENSOME, CONCESSIONS WERE THE RULE
DRY WHOLE MILK AND POWDERED BUTTERMILK. RATHER THAN THE EXCEPTION; QUOTATIONS IN
TOTAL SALES FOR THE MONTH, AS REPORTED TO GENERAL ARE LOWER THAN REPORTED IN THE
THE U.S. BUREAU OF AGRICULTURAL ECONOMICS, DECEMBER REVIEW. PRICES ON 20-30 MESH IN
WERE ABOUT 1,800,000 POUNDS HEAVIER THAN CAR-LOTS AT NEW YORK ARE QUOTED AT 8 TQ
IN NOVEMBER, BUT AS THE TOTAL SALES RE- 10 CENTS PER POUND, WITH 80-100 MESH 1/2
PORTED WERE LESS THAN THE DECEMBER PRO- TO 3/4 OF A CENT HIGHER. QUOTATIONS ON
DUCTION, STOCKS IN THE HANDS OF MANUFAC- ARGENTINE CASEIN, C.I.F., NEW YORK1S2AND
TURERS AGAIN INCREASED AS OF JANUARY AT TO 4k CENTS, A REDUCTION OF 0
1931. TOTAL STOCKS REPORTED ON THAT DATE PER WOUND FROM A MONTH AGO. VERY LITTLE
WERE EQUIVALENT TO ABOUT DAYS REIRE ARGENTINE:CASEIN, HOWEVER, IS NOW BEING
WERE EQUIVALENT TO ABOUT.51 DAYS REQUIRE- IMPORTED, THE LOWER PRICES ON DOMESTIC
MENTS, AS COMPUTED'FROM THE 1930 RATE OF GOODS MAKING THE ARGENTINE OFFERINGS LESS
CONSUMPTION, COMPARED WITH 54 DAYS REQUIRE- ATTRACTIVE TO DOMESTIC USERS.
JANUARY 1931
tL.L 6ZL9O Z9Z1

VOIaO1 d :O A1 ISSAINn








FEBRUARY 28, 1931.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR FEBRUARY 1931
MANUFACTURES' WHOLESALE SELLING PRICES DURING JANUARY
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
(BULK GOODS)


DRY WHOLE MILK
(eR1K rGOnnnO


DRY BUTTERMILK
I(OiK GODrnnnS)


REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN 8BLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
3 3-0 148,479 191 20- 1.67,806 31 4 200,456 -
3- 4 123,045 226,105 201 211 151,072 4 5 1,513,637 1,950
4 4 904,357 .308,444 21 22 201,485 5-6 254,042 118,550
S- 5 2,075,390 220,449 7 54,726 18,500
5 5- 944,053 1,241,060 7 81 100 13,925
S- 6 191,612 2,123,380 8 91 14,210
6 6 246,959 5,424,848
6! 7 1,555 1,326,480
7 71 291,482
71 8 58,600
8 8 9,840 31,200
TOTAL 4,645,290 11,252,048 520,363 2,022,961 167,135
GRAND TOTAL 15,897,338 520,363 2,190,096


AVERSE PRICE JAN.1931
EC.1930
JAN. 1930


5.520
5.98a
7.46.0


20.949
21.990
25.48ok


WHOLESALE PRICES REPORTED ON CA^E GOODS
DRY WHOLE MILK (I LB. CANS) 47.070 PER LB.


5.180
5.940
6.880


8. 88d
I. _________________________________________________________________________________________________


WERE AS FOLLOWS:


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

DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
5.25 7
5.25 7
5 -7
3.23 7
5.25 7
5


BBLS.
6 8
4.75 8
5 -8
4.75 9
6 -8
5 -8


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

5
5.5 6
4.1 5
5.5


BBLS.
6 8
512- 7
6 7
6 8.25
6 7.5


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.


__ r
0 rU


Q ____


TOTAL STOCKS ON HAND
CLASSES OF FEBRUARY I, 1931
DRY MILK IN BAGS IN BARRELS TOTAL POUNDS (A) FIRMS
(POUNDS) (POUNDS)
WHOLE MILK 571 .2,554,900 3,597,882 12
SKIM MILK 13,477,041 23,171,280 36,890,714** 107
PART SKIM 0 50,042 108,744 3
CREAM POWDER 0 75,739 75,739 3
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,042 211
POUNDS: SKIM MILK, 242,393 POUNDS: PART SKIM MILK 58,702
POUNDS.
** EQUIVALENT TO 54 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 FEBRUARY I WERE EQUAL TO APPROXIMATELY 54 DAYSr RE-
UIREMENTS IN COMPARISON WITH 49 DAYS ON FEBRUARY I, 1930, AND
I DAYS ON JANUARY I, 1931.


COMPARISON OF TOTAL STOCKS REPORTED 3Y MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK --
FIRMS* FEB. 1,1931 FEB. 1,1930 FIRMS* FEB. 1,1931 JAN. 1,1931
WHOLE MILK 10 2,942,182 2,053,380 II 3.357,682 3,799,093
SKIM MILK 97 34,861,497 26,560,556 102 36,510,299 34,554,251
PART SKIM 2 58,702 77,255 3 108,744 105,622
CREAM POWDER 2 0 120 3 75,739 86,460
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


FEBRUARY 1931






PAGE 2


PRODUCTION OF DRY F.'ILK REPORTED BY MANUFACTURERS JANUARY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
LRASSESL F PREVIOUS YEAR PREVIOUS MONTH
DRY' :M I LK I
FIRMS* JAN. 1931 JAN. 1930 FIRMS* JAN. 1931 DEC. 1930

WHOLE MILK I 332,880 210,836 12 368,559 346,249

SKIM MILK 96 16.634,919 13,440,752 101 17,254,360 17,266,323

PART SKIM 3 0 103,400 3 14,619 17,432

CRE-AM POWDER 2 0 14,330

BUTTERMILK 72 3,142,819 4,122,347 75 3,152,624 2 956 257
REPORTS INDICATE THAT JANUARY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0.224; BARRELS 75.00%; CASES 24.784.
DRY SKIM MILK: 39.61%; 60.39%.
DRY PART SKIM: 0 ; 100.00%.
DRY BUTTERMILK: 93.83%; 6.17%.
PRODUCTION DRY SKIM MILK DECEMBER 1930 (ALL FIRMS WHICH REPORTED) 17,584,623 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 D'JRING JANUARY 1931


EXPORTS
EXPORTS TO
EUROPE
FRANCE
SPAI N
NORTH AMERICA
MEXICO
NICARAGUA
PANAMA
SOUTH AMERICA
BRAZIL
COLOMBIA
VENEZUELA
ASIA
CH I NA
JAPAN
OCEANIA
PHILIPPINE IS.
OTHER COUNTRIES


POUNDS


11,250
13,050

18,302
15,822
70,648

36,978
28,373
25,714

27 ,389
10,395

6,612
101 ,552


IMPORTS
IMPORTS FROM
EUROPE
NETHERLANDS

NORTH AMERICA
CANADA


POUNDS

56,000


34,095


TOTAL -.JANUARY 131 366085 TOTAL JANUARY 193190,095
TOTAL JANUARY 1930 944,203 TOTAL JANUARY 1930 142,077
CASEIN IMPORTS JANUARY 1931 592,631 POUNDS; JANUARY 1930 1,552,994 POUNDS.
(COMPILED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE)

DRY MILK MARKETS CONTINUE WEAK DEMAND SLO'V STOCKS HEAVY


THE FEBRUARY DRY MILK MARKET SITU-
ATION SHOWED, BUT LITTLE CHANGE FROM THAT
OF THE PREVIOUS MONTH. IN COMMON WITH
BUTTER, CHEESE, AND OTHER DAIRY PRODUCTS,
PRICES OF DRY MILK CONTINUED TO DECLINE,
BUT THE LOWER PRICES.WERENOT REFLECTED
IN AN INCREASED DEMAND FOR DRY MILK AS
WITH SOME OF THE OTHER PRODUCTS. BUYERS
SAW NO PARTICULAR REASON FOR LOOKING TO-
WARD FUTURE WANTS AND CONTINUED .TO LIMIT
ORDERS TO ACTUAL NEEDS, WHILE MANUFACTUR-
ERS TOOK EVERY OPPORTUNITY TO EFFECT
SALES. THE INCREASING-DEMAND FOR THE
LOWER GRADES OF SKIM MILK TO BE USED FOR
ANIMAL FEED, SO NOTICEABLE AT THIS SEASON
IN OTHER YEARS, IS APPARENTLY LACKING
THIS YEAR. DESPITE GREATER SALES EFFORTS
THESE OUTLETS APPEAR NARROWER, POSSIBLY A
REFLECTION OF THE SMALL PROSPECTIVE HATCH
OF CHICKS REPORTED BY HATCHERIES THROUGH-
OUT THE COUNTRY, AND THE REDUCED DEMAND
ON THE IART OF EGG-PRODUCERS. THE ONE
BRIGHT SPOT IN THE CURRENT DRY MILK MAR-
KET SITUATION,AT LEAST FROM THE SELLERS'
STANDPOINT, IS PRODUCTION. THE BURDEN OF


OUTPUT OF THE LOWER GRADES OF SKIM AND
BUTTERMILK AS ONE WOULD EXPECT AT THIS
SEASON OF THE YEAR WHEN HATCHING OPERATION
BECOME MORE INTENSE AND SOME FEEDING OF
CHICKS STARTS. THE ALMOST STATIONARY DE-
MAND FOR THE BETTER GRADES OF DRY MILK FOR
HUMAN CONSUMPTION IS REFLECTED IN A RELA-
TIVELY UNIMPORTANT INCREASE IN SALES. WITH
A 24; HEAVIER PRgOUCTION THAN A YEAR AGO,
AND GALES ONLY 22M HEAVIER, STOCKS OF DRY
SKIM MILK SHOULD NATURALLY SHOW AN INCREASE
IN COMPARISON WITH A YEAR AGO. THAT THIS
WAS ACTUALLY THE CASE IS SUBSTANTIATED BY
THE FACT THAT STOCKS ON FEBRUARY I EXCEED-
ED THOSE.OF A YEAR AGO BY 31, IN COMPARI-
SON WITH 2% ON JANUARY I.
PRICES OF ALL CLASSES OF DRY MILK DECLINED
STILL FURTHER DURING JANUARY AS WAS THE
RULE WITH MOST ALL DAIRY PRODUCTS, BUT THE
DECLINES WERE NOT SO DRASTIC AS THOSE
WHICH OCCURRED DURING DECEMBER. THEAVERA
PRICE COMPUTED FROM SALES REPORTED TO THE
BUREAU DURING JANUARY AVERAGED U.46I I.U1
AND 0.760 PER POUND LESS FOR SKIM, WHOLE,
AND BUTTERMILK THAN DURING DECEMBER.
CASEIN MARKETS: CONTINUE WEAK PRODUCTION


LIGHTER DEMAND STILL DULL


SURPLUS FLUID MILK WAS NOT AS HEAVY DUR- ALTHOUGH PRODUCTION FAILED TO SHOW
ING FEBRUARY AS DURING THE SEVERAL PRE- THE USUAL SEASONAL GAIN FROM JANUARY TO
CEDING MONTHS, AND HAS RESULTED IN A MAKE FEBRUARY, AND IMPORTS CONTINUED APPRECIAB-
ABOUT EQUAL TO THAT OF JANUARY AND LY LIGHTER THAN A YEAR AGO, CASEIN MARKETS
POSSIBLY EVEN AS LOW AS THAT OF FEBRUARY, DID NOT REFLECT ANY MATERIALLY HEALTHIER
9 SENTIMENT DURING FEBRUARY AND THE TONE CON:
TINUED WEAK. THE MAIN DETERRING FACTORS
PRODUCTION OF ALL CLASSES OF DRY TO A STRONGER MARKET SITUATION WERE THE
MILK DURING JANUARY WAS JUSTLY SLIGHTLY HEAVY STOCKS WHICH STILL BURDENED MANU-
HEAVIER THAN DURING DECEMBER, BUT STILL FACTURERS.AND PROCESSORS AND WHICH,DESPITE
EXCEEDED THE MAKE OF JANUARY, 1930 BY AN THE LIGHTER.PRODUCTI AND IMPORTS, CON-
APPRECIABLE MARGIN, ACCORDING TO A SAME TINUED .TO GROW AS BUYERS WERE WILLING TO
FIRM COMPARISON.MADE BY THE U. S. BUREAU TAKE ONLY ENOUGH GOODS TO SUPPLY THE MOST
OF AGRICULTURAL ECONOMICS. THE PRODUCTION URGENT NEEDS. QUOTATIONS DELIVERED NEW
EXCESS IN COMPARISON WITH THE PREVIOUS YORK, RANGED FROM 70 T ON 20 30
YEAR, HOWEVER, HAS BEEN DECREASING SINCE MESH GOODS, AND Tg Ti- 8ENTS ON TO
NOVEMBER WHEN THE HIGH POINT FOR THE YEAR 100 MESH. PRICES AT INTERIOR MARKETS
WAS REACHED. SALES OF ALL CLASSES OF DRY WERE GENERALLY LOWER BY THE FREIGHT-RATE
MILK DURING JANUARY.EXCEEDED THOSE FOR DI FfRENT L. -ARGENT INE CASEIN WAS OFFER-
DECEMBER, BUT A CLOSER ANALYSIS OF SALES ED TO 4 CENTS, .F., NEW YORK, BUT
REPORTS SHOWS THAT THE BULK OF THE IN- IMPORTS WERE LIMITED BECAUSE DOMESTIC
CREASE WAS ACTUALLY DUE TO AN INCREASED PRICES WERE GENERALLY MORE FAVORABLE.
FEBRUARY 1931

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MARCH 26, 1931.


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

DRY MILK MARKET REPORT FOR MARCH 1931


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING? PRICES DURING FEBRUARY


THE WHOLESALE PRICES GIVEN BELOW ARE
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT


BASED UPON REPORTS. FROM MANUFACTURERS
GROCERS AND SIMILAR BUYERS FOR GOODS
TIME CREDIT. WIDE RANGES IN PRICES


MAY BE IN PART ATTRIBUTE OR GRADE


OF PRODUCT SOLD.


DRY SKIM MILK DRY WHOLE 'ILK 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.
3 31 552,140 15 151 8,105 3 3-l 54,400
31 4 278,156 218,505 15 i- 16 3 4 852,951-
4 4 2,746,606 204,750 16 17 4~ 5 742,920 84,150
42 5 1,148,095 920,277 7- 181 28,925 5 6 111,161 40,900
5 5 117,095 2,565',761 8-1 19- 168,135 71 5,248 55,000
51 6 4,065 2,294,573 9- 20- 372,320 35,233
6 61 79,775 2,926,589 8 19,655
6- 7 1,585 734,397
7 78 10,050 143,081
7- 8 102,400
8- 8 51,200
TOTAL 4,937,567 10,161,533 577,485 1,766,680 234,938
GRAND TOTAL 15,099,100 577,485 2,001,618


AV-ERA-E PRICE FEB.
JAN.
FEB.


1931
1931
1930


5. 15
5.520
6.964


19.64
20.940
25.670


4. 720
5.180
6.860


WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:


DRY WHOLE


MILK (I LB. CANS)


- 42.480 PER LB.


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
5.25 7
4.75 7
5 -7
3.23 7
5.25 7
5


DRY SKIM MILK
(CENTS PER LB.)
BBLS.


6 -8
4,75 8
5 8
4.75 8
6 -8
5 8.6


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS


5
5.5 6
4.1 5
5.5


BBLS.
5.5 8
5.5 7
6 7
6 8.4
6 7.5


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 MARCH I, 1931
DRY MILK IN BAG IN BARRELS TOTAL POUNDS (A) FIRMS*
(POUNDS (POUNDS)
WHOLE MILK 48,833 2,387,918 3,139,595 13 i
-J
SKIM MILK 15,117,235 22,617,118 37,734,353** 112 -
U-
PART SKIM 0 56,051 56,051 2 0
CREAM POWDER 0 71,989 71,989 2 z -
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 702,844
POUNDS.
** EQUIVALENT TO 56 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 MARCH I WERE EQUAL TO APPROXIMATELY 56 DAYSI REQUIRE-
MENTS IN COMPARISON WITH 43 DAYS ON MARCH I, 1930, AND 54 DAYS
ON FEBRUARY I, 1931.

COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK __ __ _
FIRMS* MAR. 1,1931 MAR. 1,1930 FIRMS* MAR. I, 1931 FEB. 1,1931
WHOLE MILK 11 2,495,451 1,695,209 13 3,139,595 3,479,230
SKIM MILK 100 35,971,903 23,711,600 107 37,614,633 36,762,881
PART SKIM 2 56,051 50,042
CREAM POWDER 0 120 2 71,989 75,739
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


MARCH 1931





PAGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERSS FEBRUARY


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 M''ILK
DRY LK FIRMS* FEB. 1931 FEB. 1930 FIRMS* FEB. 1931 JAN. 1931

WHOLE MILK II 248,740 177,312 13 387,672 403,846

SKIM MILK 98 14,503,937 13,879,128 105 15,318,223 17,644,786
PART SKIM 2 17,169 14,619
.:CREAM POWDER 2 11,600 0 2 11,600 0

BUTTERI LK 76 4,028,730 3,080,846 78 4.,018,885 3,087,768
REPORTS INDICATE THAT FEBRUARY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 12.54%; BARRELS 64.24%; CASES 23.22%.
DRY SKIM MILK: 40.36%; 59.64%.
DRY PART SKIM: 0 %; 1000%.
DRY BUTTERMILK: 90.68%; 9.32%.
PRODUCTION DRY SKIM MILK JANUARY 1931 (ALL FIRMS WHICH REPORTED) 17,937,706 POUNDS.
*FIGURES SHOWING NUMBER OF FIRMS DO NOT'REPRESFNT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING FEBRUARY 1931

EXPORTS IMPORTS
EXPORTS TO POUNDS IMPORTS FROM POUNDS
EUROPE EUROPE
NETHERLANDS 90,750 NETHERLANDS 116,593
UNITED KINGDOM 394,915 SWITZERLAND 132
NORTH AMERICA TURKEY IN EUROPE 108
CANADA 12,991 NORTH AMERICA
MEXICO 178,464 CANADA 75,792
PANAMA 17,882
SOUTH AMERICA
ARGENTINA 23,700
BRAZIL 47,640
COLOMBIA 24,997
VENEZUELA 28,114
ASIA
RHI NA 31,159
OCEANIA OCEANIA
PHILIPPINE IS. 30,894 NEW ZEALAND 384
OTHER COUNTRIES 119,022
TOTAL FEBRUARY 1931 1,000,528 TOTAL FEBRUARY 1931 193,009
TOTAL FEBRUARY 1930 453,787 TOTAL FEBRUARY 1930 247,992
JAN. FEB. INC.) 1931 1,368,613 JAN; FEB. (INC.) 1931 283,104
JAN. FEB. (INC.) 1930 1,397,990 JAN. FEB. INC.) 1930 390,069


CASEIN IMPORTS FEBRUARY
I JAN.; FEB. (INC.)


1931
0 LBS.
592,631 "


1930
2,941,463 LBS.
4,494,457 LBS.


(COMPILED FROM OFFICIAL RECORDS OF THE BUREAU OF FOREIGNANO.'DOMESTIC COMMERCE.)


DRY MILK MARKETS WEAK WITH UNDERTONE


IRREGULAR TRADING CONTINUES SLOW


MARCH DRY MILK MARKETS FAILED TO
SHOW ANY MATERIAL IMPROVEMENT FROM FEBRU-
ARY AND THE TONE CONTINUED WEAK. IN. A
FEW QUARTERS, HOWEVER, AN IRREGULAR
UNDERTONE BECAME NOTICEABLE AS THE MONTH
CAME TO A CLOSE, GIVING PROMISE OF AT
LEAST INCREASED TRADING ACTIVITY, IF NOT
A STRONGER PRICE SITUATION, AS THE POUL-
TRY FEEDING SEASON ADVANCES.. AS IT WAS,
PRICES DECLINED FURTHER AS A RESULT OF A
CONTINUED INDIFFERENT DEMAND. PRODUCTION
WAS ESTIMATED AS FULLY ON A PAR WITH THAT
DURING THE SAME MONTH A YEAR AGO, WHILE
STOCKS CONTINUED TO INCREASE. DEALERS
CONTINUED TO PUSH SALES, BUT THEIR EFFORTS
WERE LARGELY FUTILE AS BUYERS WERE ONLY
INTERESTED IN SMALLER LOTS TO FILL
IMMEDIATE WANTS.

PRODUCTION OF DRY SKIM MILK DURING
FEBRUARY EXCEEDED THAT DURING THE SAME.
MONTH OF 1930 BY 5%, WHILE DRY BUTTERMILK
PRODUCTION WAS 31% HEAVIER. THE MAKE OF
OTHER CLASSES OF DRY MILK WAS ALSO
HEAVIER THAN LAST YEAR, BUT NOT SUFFICIENT-
LY SO TO BE OF SPECIAL IMPORTANCE. A
FURTHER SAME-FIRM COMPARISON ALSO SHOW'S
THAT DRY SKIM MILK PRODUCTION DURING
FEBRUARY WAS 13% LIGHTER THAN IN JANUARY
INSTEAD OF HEAVIER AS IS NORMAL AT THIS
SEASON OF THE YEAR. SURPLUS PRODUCTION
OVER A YEAR AGO.WAS. ALSO REDUCED FROM 24%
DURING JANUARY TO 5. DURING FEBRUARY, AS
MENTIONED ABOVE.

STOCKS OF DRY SKIM MILK, ON MARCH I,
WERE .SUFFICIENT TO LAST THE COUNTRY FOR
56 DAYS, AT THE CURRENT RATE OF CON-
SUMPTION, IN COMPARISON WITH 54 DAYS ON
FEBRUARY I, AND 43 DAYS ON MARCH I, 1930.
A SAME-FIRM COMPARISON FURTHER SHOWS THAT
STOCKS OF DRY SKIM MILK ON MARCH I


EXCEEDED THOSE ON THE SAME DATE A YEAR
AGO BY 52%, THE HEAVIEST SURPLUS SINCE
APRIL I, 1930, AND WERE ALSO 2% HEAVIER
THAN FEBRUARY I STOCKS.

A COMPARISON OF AVERAGE WHOLESALE
SELLING PRICES DURING FEBRUARY OF ALL
CLASSES OF DRY MILK, COMPUTED FROM REPORTS
OF ACTUAL SALES MADE TO THE U. S. BUREAU
OF AGRICULTURAL ECONOMICS, REVEALS
FURTHER PRICE REDUCTIONS FROM THE PREVIOUS
MONTH. THESE DECLINES WERE NOT SO DRASTIC
ON SKIM MILK AS DURING FEBRUARY, 1930,BUT
MORE SEVERE ON WHOLE AND BUTTERMILK.

CASEIN MARKETS WEAK PRODUCTION
ESTIMATED SHUOR OF YEAR A30, BUT DEMAND


ALSO LIGHTKE


THE CONTINUED SHORT PRODUCTION IN
COMPARISON WITH A YEAR AGO, BUT THE EVEN
LIGHTER CONSUMER DEMAND CONTINUE AS
FEATURES IN .CURRENT CASEIN MARKETS.PLANTS
THAT WERE MANUFACTURING CASEIN SEVERAL
MONTHS AGO HAVE DISCONTINUED ON ACCOUNTOF
LOW RETURNS, WHILE OTHERS HAVE REDUCED
THEIR MAKE TO A MINIMUM. DESPITE THE
LIGHTER MAKE SUPPLIES CONTINUE BURDENSOME,
A REFLECTION OF THE SLOW DEMANDe INFLU-
ENCED BY HEAVY STOCKS, THE RATHER INDIFF-
ERENT DEMAND, LOW PRICES ON FOREIGN
CASEIN, AND THE NONE-TOO-HEALTHY MARKETON
OTHER DAIRY PRODUCTS AND, MORE SPECIFIC-
ALLY, DRY MILK, CASEIN MARKETS CONTINUED
WEAK DURING MARCH. QUOTATIONS, F. 0. B.
ATLANTIC SEABOARD, RANGED FROM 7 TO 71
CENTS ON THE 20 TO 30 MESH PRODUCT, AND 8
TO 10 CENTS ON 80 TO 100 MESH GOODS.
ARGENTINE CASEIN WAS FREELY OFFERED,
C.I.F. NEW YORK, AT 3. CENTS, WITH
OCCASIONAL OFFERINGS AS LOW AS 3. CENTS.


MARCH 1931


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