Dry milk market report for ...

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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:
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:
AA00011437:00004

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






27, 1933.


UNITED STATES bDPARTMENT.OF .AGRICULTURE
BUREAU OF AGRIC-UL TURAL EPONOMIOS
MARKET NEWS SERVICE


WASHINGTON, DiC.


DRY MILK MARKET REPORT FOR JANUARY 1933
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
(BULK GO nnO


DRY WHOLE MILK
( RBULK GOnnO


DRY BUTTERMILK
(BULK GOODS)


REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
2 20 114,780 10-- II0 78,225 2-3-0 -.1,318,164
21 3 2,579,713 584,010 I i 121 31-41 706,879
3 3 3,398,285 627,168 12- 13 72,600 19,183
31 4 83,267 526,349 131 14 8,681 23,850
4 4 50,'880 1,936,890 14 1 493,230
4- 5 47,137 7,164,893 15 16 ,.30,656
5 51 23,928 412,715 161 171 7-
5-- 6 928,920 17 761
6 6 40,730
TOTAL 6,338,720 12,180,945 684,153 2,025,043 43,033
GRAND TOTAL 18,519,665 684,153 2,068,076
AVERAGE PRICE OEC.'1932 4.010 14.300 3.330
.I" NOV. 1932 3.920 14.800 3.380
DEC. 1931 4.300 17.850 3.670


DRY WHOLE


I WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
MILK (" LB. CANS) 36.390 PER POUND.

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


BOSTON
NEW YORK
PHILADELPHI A
CHICAGO
CLEVELAND
ST. LOUIS.


BAGS
3.45 -
3.3 -
3.5 -
2.95 -
3.5 -
2.6 -


DRY SKIM MILK
(CENTS PER LB.)
BBLS.


4.5
4.5
4.5
4.5
4.5
3.5-


4.875
2.5
4.5
3.8
5
4


6
6.25
6
6
6
6


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS


BBLS.


S 4.75
3.32 4.5
- 4.5
3.3 4.5
- .4.5


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.


CLASSES OF
DRY MILK


IN BAGS
(POtUNnC1


TOTAL STOCKS ON HAND
JANUARY 1, 1933


IN BARRELS
( POInNDnS


TOTAL POUNDS(A) FIRMS*


-t r h


WHOLE MILK


SKIM MILK


7.207


6.492. 130


1.534.546


8. 789.478


2.512.170


5I .P28 .08**


15


1 13


... --, -. ---- .
PART SKIM 0 29,478 .29,478 2 j

CREAM POWDER 0 .-449 449 3 -j
BUTTERMILK 2,846,774 1 37,043 2,983,817 _62 1|_


(A) INCLUDES CASE GOODS AS FOLLOWS':- WHOLE MILK 970,417
POUNDS.;
**EQUIVALENT TO 21 DAYS' -REQUIRECENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED
FROM REPORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS
OF DRY SKIM MILK ON JANUARY I WERE EOUAL TO APPROXIMATELY 21
DAYS' REQUIREMENTS, IN COMPARISON WITH 21 DAYS ON DECEMBER I,
1932.. CALCULATED ON THE SAME BASIS A YEAR AGO STOCKS ON
HAND JANUARY .1932 WERE THE EQUIVALENT OF A 30 DAYS' SUPPLY.


'

- a


K


COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CLASSES OF TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS -REPORTING
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JAN. 1,1933 JAN. 1,1932 FIRMS* JAN. 1,933' DEC. 1,1932
WHOLE MILK 14 2,212170 2,180,907 14 2,212,170 2,691,358
SKIM MILK 101 14,733,733 21,213,685 II .15,278,830 15,195,418
PART SKIM 2 29',478 .' i18,.299 2 29,478 17,078
CREAM POWDER 3 449. 4,894 3 449 5,172
BUTTERMILK 51 2,888,742 4,489,149 59 2,972,617 2,642,343
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
(.OVER)
JANUARY 1933


I 1


-1


I \ I kr- UINL" I -


^







PAGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS DECEMBER


S... .INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNI TED STATES.
COMPARISON OF-PRODUCTION (POUNDS) FOR SAME FIRMS,
CLASSES OF PREVIOUS:YEAR PREVIOUS MONTH
DRY MI LK V,
FIRMS* DEc.. 193.2 DEC. 1931 FIRMS* DEC. 1932 Nov. 1932

WHOLE'MI1LK 12 362,848 749,179 12 362,848 406,481

SKIM'MILK 99 15,598,401. 5,262,688 108 16,389,640 15,120,737

PART SKIM 2 27,573 12,281 2 :27,573 9,787

CREAM POWDER 3. 0 2,593 3 0 4,635

BUTTERMILK' 50 2,482,929 2,863,918 58 2,583,021 2,255,096
h--^ -^ ._.I-' _L_ h__________-;^Ac cr- _^ll I iioMrn


REPORTS .INDICATE THiT DECEMBER PRODUCTION WAS PACKED AS rULLUOWS
DRY WHOLE MILK: BAGS 9.267 BARRELS 81.76- CASES 8.98 .
DRY SKIM MILK: 39.32%(6,467,580 LBS) 60.68-(9,981,488-LBs)
DRY BUTTERMILK: 95.83%(2,501,600 Las) ) 4. 1.7,( 108,721 Les)
PRODUCT I ON-DRY SKIM- M4LK NOVEMBER '1932( I NCLUDI NG LATE-REPORTS) INDICATE:
BAGS 5,965,537 LBS (38.78%); BARRELS 9,415,205 LBS. (61.21%); TOTAL 15,381,417
POUNDS.
*FIGURES SHOWING NUMBER OF FJRMS'DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING DECEMBER 1932


EXPORTS
EXPORTS TO .
EUROPE .
SPAI N
NORTH AMERICA
DOMINICAN' REPUBLIC
MEX.I CO
PANAMA
SOUTH AMERICA
BRAZIL
COLOMB IA
VENEZUELA
ASIA
CHI NA
JAPAN
OCEANIA
SPHI LIPPINE IS.
rOTUM I frm ilTrnr I F


POUNDS

6,063

20, 314
25 584
25,273

I1 160
6,639
10,919
28,084
8,200

38.,212
A(' 000r r


-. IMPORTS
IMPORTS FROM
EUROPE
.-NITED KINGDOM
NORTH AMERICA
CANADA


POUNDS,:

216

52,292


TOTAL DECEMBER 91932 225.346 TOTAL DECEMBER 1932 52,508
TOTAL DTCEVLT 1931 72 ; .19 I TOTAL -:D.-EM-ER 1931 73,577
JAN. DEC. ( IND.) 1932 3,57f,5!5 5 JAN. DE'..- (:;, 1332 583,185
JAN. DEC. ( INC.)1931 12,790,303 JAN.. DE. ( N ./ 1931 1,130,665


CASEIN IMPORTS DECEMBER
CASEIN IMPORTS JAN. DEC. (INC.7


1932
-85,537 LBS.
1,201,014 LBs.


1931
493,029 LBs.
3,503,249 Les.


DRY MILK MARKETS CONTINUE FULL STEADY D'E Af') PROVING


JANUARY DRY MILK MARKETS CONTINUED
FULL STEADY DESPITE FURTHER PRICE DECLINES
IN BUTTER, CHEESE, AND FLUID MILK,. ACCORD-
ING TO THE U. S. BUREAU OF AGRICULTURAL
ECONOMICS... THE RELATIVELY STRONG POSITION
OF DRY MILK, AS WELL AS OF OTHER CON-
CENTRATED MI.LKS AND CASEIN, WAS PRINCIPAL-
4Y DUE TO A CONTINUED IMPROVEMENT IN OUT-
1ETS, THE RATHER MODERATE PRODUCTION, AND
RESULTING' OW 'STOCKS. AS USUALLY AT THIS
SEASON OF THE YEAR, INCREASING INTEREST
WAS DISPLAYED IN DRY MILK OFFERINGS BY
FEEDERS AND FEED MANUFACTURERS, BUT
PURCHASESS FROM THIS GROUP WERE STILL
LIGHT, AND THE BETTER GRADES OF DRY MILK,
JSED FOR HUMAN.CONSUMPTION, STILL
RECEIVED THE BULK OF ATTENToION.

TOTAL DRY MILK PRODUCTION DURING
DECEMBER 1932 WAS 2.8.PER CENT LIGHTER
THAN DURING THE SAME MONTH A YEAR EARLIER,
SUT WAS 8.8 PER CENT HEAVIER THAN DURING
THE PREVIOUS MONTH. WHILE THIS SEASONAL
INCREASE IN THE MAKE WAS SOMEWHAT
HEAVIER THAN THAT WHICH OCCURRED FROM
NOVEMBER TO DECEMBER IN 1931 AND'-1930,
F.HE GAIN WAS ABOUT THE SAME AST'HAT CF. THE
THREE YEARS PR!I1O TO 1930. 0- THE
Sb;'.':"-A'_ CLASSES OF LP 'Y '!LK, DR' V OiCLE
,,11L.K PRODUC.Ti ON IN L.e-C Er. .-R OF THIE YEAR
'S.: i" F.L\CSE D .WA".S LES! '- "I,-A,' iH.AL' S PE .' Y
S :.',R 'ING .T-hAT MONrT' i N 1.I3 D ,'. ',T.. ,
I L'" P'ODUICT! ON W z -. r' .F;NT :. IM,'
'JT "IH'.. MA ,E or D'o .' *';:;!.v. ;'t'* ,< :.t:,, :* -: ,'.'. ,c~

i .-... A UD Di.Y {3... ,':/;, L.!. ,',J T I C0,1.',I' ,.\S
.3.;: I IIP., c':I.I ,V -. .,VAN Ni. ,- 1HA
"-ESE E'ST;MAr':s FL_:,lG C e"'St: ON THE BE,3T
AVAILABLE COMPARE I VE FiG'J;RES .

BESIDES THE DECEMBER .PRODUCTION
FIGURES, THE JANUARY *... STOCK .S,:.TU.AT I ON.'


CONTRIBUTED TO THE STATISTICALLY STRONGER
POSITION OF THE DRY MILK MARKETS. TOTAL
STOCKS OF DRY MILK ON THAT DATE WERE 28.8
PER CENT LIGHTER TH,.rI ON JANUARY I, 1931,
THERE STILL BEING A SLIGHT DECREASE IN
SUPPLIES IN DECEMBER DESPITE THE
INCREASING PRODUCTION. D'Y WHOLE MILK
STOCKS WERE JUST SLIGHTLY HEAVIER THAN A
YEAR AGO, DRY SKIM MILK SUPPLIES WERE
30.3 PER CENT LIGHTER, WHILE STOCKS OF'
BUTTERMILK WERE STILL 35.1 PER CENT.
LIGHTER.

REPORTED SALES OF DRY WHOLE MILK
AND DRY SKIM MILK FOR DECEMBER WERE ABOUT
13 PER CENT .HEAVIER THAN DURING THAT
MONTH IN 1931, BUT SALES OF DRY BUTTER-
MILK WERE AROUND 23 PER CENT LIGHTER.
AVERAGE SELLING PRICES OF DRY WHOLE MILK
AND DRY BUTTERMILK DECLINED FRACTIONALLY
FROM THE AVERAGES OF THE PREVIOUS MONTH,
BUT THIS..APPEARS.TO HAVE BEEN DUE MORE TO
PROPORTIONALLY LARGER SALES OF THE LOWER
QUALITY GOOQS THAN TO ANY ACTUAL DECLINES
IN VALUES. DRY SKIM MILK WAS SLIGHTLY
HIGHER.

JANUARY CASEIN MARKETS WERE STEADY.
TrAD!NG 'WAS GENE':-.I.LY NO"T ACTIVE, AND
SALES ;"'ERE LIM;:T'R ALMOST ENTIRELY TO
SMALL LO'I S, i'PGC.CL.: -ON, I-I E' ER, ALSO
'; NT N'jt. AT' A t-J"' .-I\T L A:. W,; TH -STOCKS
..ovi' -tHE 'ITATr S'! CA,. PC.'SI T!ON OF THE

:.- i. .,, .. ; 'r V .M i 7.

'rFF'*E'i O ;F '::- "' E t -SEIN t- ENTS
N EVI ';! < l-L: ;TED BUT LITT L
I,.-'-. rS', A~ -F-iN' -.MPO, T DURING 1932 OF
I 0 ...-0 : ,. ,.PO.U. MDS WEiIE ALMOST TW'O-THI RDS
LESS TH,0N'.:IN i.1 93 .


.JANRY :1933


0999 6ZLO 9ZIl

V0180d do10 AIISN3AINn







FEBRUARY 28, 1933.


UNITED STATES DEPARTMEcN OP AGRICULtURE
BUREAU OF AnRICULTU;~AL. ECONOMICS
MARKET NE S SE':I.OE.


WASHINGTON, D.C.


DRY MILK MARKET REPORT. Fi E FEBRUARY 1933
MANUFACTURERSt WHOLESALE SELLING PRICES DURING JANUARY
THE WHOLESALE PRICES.GGIVEN .'ELOW-ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES -TO'rJOBBE,:'S, .:-.OLESALE GiO-i.CERS AND SIMILAR BUYERS FOR GOODS
F.O0B. FACTORY ON THE.'BASIS OF .C(SM OR SHORT' -TTME CREDIT., '.:WE R ANGES IN PRICES
MAY BE IN PAFT ATTRI BOTE "TO D:O.FFRENcCES I N QUAL TY O- GRADE OF PRODUCT SOLD.
DRY SKIM MIL DRY WHOLE WilLK RY BUTTERMILK
(BULK. GOODS) (CUL- GQOS) .(BULK GOODS:)
REPORTED SALES. :-REPORTED SALES. REPOR-TED SALES
... P.OU DS ""POUNDS
PouNDs ous
PRICE..:.. I-N; BAGS; IJ-N3LS.L. .. PRICE OUN DS: ;'PCE' I N BAGS IN BBLS.
-..3 .- 1,327,478 *I,'28,660: 10 -- 1- 7 '. 2oo
3- 3 3,39.,-.17 418,278 10a-:- t1 6,250 2 31 1,590,515 -
3-1 4 734,:62 544,528 .I' 12 68,095- 31- 4 1,036,032 .
4"- 4 271,073 2,036,882 12 -13 2,263
4 5 4,157,328 13 -14 160,275 25,772
5 5 14,870 1,353,163 f4. |5 288,742
5 6 98,570 r15 16- 300300
6 6-- 629,750 1. 171 44,383 _
TOTAL 5,746,83-7 10,.67,59 -598,20- 2626,747 28,035
GRAND TOTAL IS.,614,028 598,920 2,654,782
AVEHAUEf PRICE JAN.1 |;3 3.93" I 14.6b 6..Uf
DEC.1932 4.010 14.30 3.330
JAN. 1932. 4.28 17.150 3.59


DRY .HOLE


WHOLESALE PRICES:REPORTED ON CAS
MILK I LB. CANS *- 38.82 PER P.OUNO.


WHOLESALE SELLtNSO.P CE0..E. 0' B.:DISTRIBUTING POINTS JANUARY


BOSTON
NEW YORK.
PHILADELPHIA
CHICAGO
CLEVELAND
ST. .Loytis


.* .BAGS .
3.25--' 4.1
3.33 4.
3.5 -4.
.2.5 .4. E
3.5 4.
2.5 3


DRY [ SKtM MILK
( kNL S ER LB.S
B9LS3 .


5 5 6';5 KANSAS'C'ITY .
5 2.5 6.5 SEA.TLE
5 4. -.6..5 PORTLAND
5 3.25 --6. 5. .- Los: ANGEL ES 2.
5 4.5 .5 SAN RR-ANCI sco
4 :-, 5.5 "- -
A-UFCTURER S1. "STOCKS..b .DRY ILK


BAGS


-: BLS.


- : .. 5.
4 4.37
4.5
-3.5 4.25
4.75


TOTAL STOCKS ON HAND-I'NCLuDEs A-LL'. STOCKS., I PSSEN OSSESSIOOF MANUFACTURERS
REPORTING, WHE-TH.E-R MANUFACTUR.--B-SY---THEM..OR.-RURCHASED_.FR.QM.O.THERS, WHETHER ON THEIR
OWN PREMISES,-'--I J- STORAGE OR' : N TR:AN'61-T ( SOLD) FOR WARE-HOfUCSE CONSIGNMENT", AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.
C S F TOTAL STOCKS -ON HAND
CLASSES OF FEBRUARY T1, I S33 ...-
DRY LILK IN BAGS IN ~R;S TOTAL POUNDS(A)FLSRMS
(POUNDS). ('POUN ..D POUND
WHOLE rilLK 8,975 .935,197: 1,805,196 '- 15
SKIM MILK 6,705,646 :I201 ,704 14,907,900** 14
SPART-SKIM 0 21 7600 21,760 2 T
CREAM POWDER I 0 .549 549 3 L
BUTTERMI LK 3,227;611 158,936 3,386,597 67
(A) INCLUDES CASE GOODS: 'O 'LQ'OWS: WHOLE MILK 861,,024 Z
POUNDS; SKIM 550 POUNDS.
"*;EQU-TVALENT TO 20 DAYS' RE( UTR;/vtENTS:. ON. THE BASIC' OF T.HE
AVERAGE DAILY REQUIREMENTS.-F-OR TIFE PAST YEAR, AS CALCULATED
FR.OM.,RER_.BTS';OF THE BURE O'F'A, AGRICULTURAL ECONOMIC C,, STOCKtS
oF DRY SKIM MILK ON FEBRUARY-.I WERE EQUAL TO APPROXIMATELY -20
DAYSI REQUIREMENTS, IN COMPARISON WITH '-21 DAYS CN JANUARY I,
'. 1-93-3 CALCULATED ON THE SAME BASI S A Y AR 'AGO,- STOCKS ON
S.HAND-FPESRUARY I, 1932 WERE .THE EQUIVALENT OF.A 32 DAYS'
S'SUPPLY ...
COMPAR-ISON. OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CLASSES OF "'-": :''TOAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
DRY I.ILK .. PREViOUS;YEAR PREVIOUS MONTH
FI MS*' "FEB. 1,1933 FEB. 1,1932 FIRMS* FEB. 1,1933 JAN. 1,1933
'HOLE MIL< t 14 .1,803,346 2,172,858 14 .1,803,346 2,212,170
SKli MIK J05 14,.:544,435 -22,:638,1 I 109 L4;660,891 15,351,408
PART SM 2 2 1,760 19;763 2 21,760 29,478
CREAM POWDER 3 549 ... 4,446 3. 549 449
BUTTERI'eLk 57' 3,31:7,7+7 5,818,808- 63 3 ,380,382 3,002,817
*':FI"-URS~ HOW NG NUMdER OF FIRMS D0O NOT REPRESENT NUMBER OF FACTORI..ES..SINCE SOME
' ".-.LR6. OPERATEE MQRE THAN ONE FACTORY.

(oVER)

************************.**** *** **************************************
NOTICE: A.'; RECENT .Ye'..LA I EDTHE MAI LING LIST FORn!TH S REPORT. *
S-. IS;l ,.,t, THE LAST COPY,,..WHICHWI LL, BE SENT TO YOUR ADDRESS, UNLESS THE CARD
"- 09lDO D IARETUERNED,, -OR, WE ,E OTHERWISE ADV.I.SED OF YOUR DESIRE TO HAVE
.E E' R.;T( CONT I NUED.';"'' .
*.,.*******************RY 33 ******* ****** ** *****
.,FEBRUARY 1933.....


6.5
5.5
5.5
6
5.5


AS FOLLOWS:


, 89








PAGE 2
PRODUCTION OF -.DAY MI-LK .REPqRTED BY MANUFACTURERS JANUARY

INCLUDES REPORTS FROM PRINCipAL FI'MO OPERATING DRY MILK FACTORIES IN THE
UNITED STATES;
CLASSES OF COMPARESIS F PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMs* JAN. 1933 JAN. 1932 FIRMS* JAN. 1933 DEc. 1932

WHOLE M:;ILK 14 320,383 696,672 14 320,388 362,848

SKIM MILK 104 17,269,434 15,708,198 108. 17,438,33 16,459,768

PART SKIM 2 3,414 15,967 2 3,414 27,573

CREAM POWDER 3 1,539 6,549 3 I 539 0

BUTTERMILK 55 3,238,075 3,993,315 61 3,331,110 2,598,121
REPORTS' INDICATE TH,:T JANUARY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK BAGS 2.93* BARRELS 78.78 CASES 18.29 .
DRY SKIM MILK: 42.32- (7,533,957 LBS) 57.68( 10,268,462 LsS)
DRY BUTTERMILK: 98.23-(3,291,021 LB) 1.774( 59,376 LBs)
PRODUCTION DRY SKIM MILK DECEMBER 1932(INCLUDING LATE REPORTS)INDICATE:
BAGS 6,51S,,G0 LBs839.46%); BARRELS 9,981,488 LBS.(60.42%); CASES 19,764 LBS
(0.122); TOTAL 16,520,932 POUNDS.
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OiP-ERATE MORE THAN.ONE FACTORY.


EXPORTS AND


IMPORTS OF DRY MILK DURING JANUARY 1933


..: EXPORTS
EXPORTS TO E
NORTH AMERICA
HONDURAS
MEXI CO
NETHERLAND WEST INDI
PANAMA
SOUTH AMERICA
BRAZ iL
COLOMBIA
VENEZUELA
ASIA
C-FI NA
JAPAN
OCEANI:A
PHILIPPINE IS.
OTHER COUNTRIES


POUNDS


ES


6,492
8,920
5,145
22,360

S 13,480
S TD,344
12. 1.43... r

12,036
8,200

39,384


IMPORTS
IMPORTS FROM
NORTH AMERICA
CANADA


44,2 10 1____


TOTAL JANUARY 1933 182,714 TOTAL JANUARY 1933 36,937
TOTAL JANUARY 1932 260,501 TOTAL J,,ANARY 1932 54,786


CASEIN IMPORTS JANUARY
* REVISED FIGURE..


1933
96,834 Les.


DRY MILK MARKETS iN STEADY POSITION SUPPLIES CONTINUE LIGHT


DRY MILK MARKETS HELD ABOUT STEADY
DURING FEBRUARY, ACCORDING TO THE.U.S.
BUREAU OF AGRICULTURAL ECONOMICS, ALTHO
THE UNDERTONE WAS EASIER, IN SOME
QUARTERS,.DUE TO PRICE CONCESSIONS MADE
BY SOME PRODUCERS WHO.WERE IN N.ED OF
READY CASH. TRfCDING, ON THE WHOLE, HOW-
EVER, WAS NOT AS ACTIVE AS I'N JANUARY.
THERE Ci-A.E, OF COURSE, SOME IMPROVEMENT
IN THE DEMAND FOR THE LOWER GRADES OF DRY
MILK WITH THE ADVENT OF THE CHICK HATCH-
ING SEASON IN MOST SECTIONS OF THE
UNITED STATES, BUT FEEDERS.AND FEED
MANUFACTURERS DID NOT APPEAR PARTICULARLY
HOPEFUL WITH EGG PRICES NOW AT THE LOWEST
LEVEL FOR MANY YEARS. THE MOVEMENT INTO
CONSUMPTION OF THE BETTER GRADES OF DRY
SKIM MILK AND DRY BUTTERMILK WAS SOME-
WHAT SLOWER, WHILE DRY WHQLE MILK WAS
MORE OR LESS NEGLECTED. SUPPLIES OF ALL
CLASSES OF DRY MILK WERE COMPARATIVELY
LIGHT, BUT STOCKS WERE AMPLE FOR ALL
REQUIREMENTS. A SUSTAINING FACTOR WAS
THE CONTINUED RATHER MODERATE PRODUCTION.

DRY MILK PRODUCTION IN JANUARY,
THE LATEST PERIOD FOR WHICH COMPARATIVE
PRODUCTION DATA ARE AVAILABLE, WAS 2.0
PER CENT HEAVIER THAN DURING THE SAME
MONTH IN 1932, AND SHOWED A SEASONAL
INCREASE IN THE MAKE OF 8.4 PER CENT OVER
THAT OF THE PREVIOUS MONTH. WHILE THE
INCREASE IN PRODUCTION IN COMPARISON WITH
THAT OF THE PREVIOUS MONTH '"AS SOMEWHAT
HEAVIER THAN NORMAL, THE MAKE IN COMPARI-
SON WITH THE SAME MO NTH A YEAR AGO
CONTINUED RATHER MODERATE, AS THE OUTPUT
OF DRY MILK DURING THE LAST THREE MONTHS
OF 1932 HAD PROVED LIGHTER THAN DURING
THE SAME PERIOD IN 1.93.1. OF THE SEVERAL
CLASSES OF DRY MILK, .DRY SKIM.MILK PRO-
DUCTION IN JANUARY WAS-9.9 PER CENT
HEAVIER THAN DURING THE SAME MONTH A
YEAR AGO, WHILE'CTH'kE MAKE'-F OqRy-B..UTTER-- .
MILK WAS 18.9 PER "ENT .LIG.HTER,..-AND THE
OUTPUT OF DR!Y WHOLE MILK LESS THAN HALF
AS HEAVY AS A YEAR AGO.


FEBRUA;R
LOOL 6Z L0 Z9SZ e

VaOioiDd d0 AIISF:AINn
..-,. ..I


STOCKS OF DRY MILK CONTINUED UN-
USUALLY LIGHT WITH FEBRUARY I TOTAL
SUPPLIES OF ALL CLASSES 35.9 PER CENT
LIGHTER THAN ON THE SAME DATE A YEAR AGO.
SUPPLIES OF DRY BUTTERMILK, 43.0 PER
CENT LIGHTER THAN ON THE SAME DATE IN
1932, WERE RELATIVELY THE LIGHTEST, BUT
STOCKS OF DRY SKIM MILK WERE 35.8 PER
CENT LIGHTER, AND RESERVES OF WHOLE MILK
WERE 17.0 PER CENT LIGHTER THAN A YEAR
AGO. COMPARED WITH THE PREVIOUS MONTH,
TOTAL STOCKS OF DRY MILK SHOWED A
DECREASE OF.3.4 PER CENT, THIS DESPITE
THE 8.4 PER CENT PRODUCTION GAIN.

REPORTED SALES OF DRY SKIM MILK
AND DRY WHOLE MILK WERE SLIGHTLY HEAVIER
IN JANUARY THIS YEAR THAN LAST YEAR, BUT
THE MOVEMENT OF DRY BUTTERMILK INTO
TRADE CHANNELS WAS APPROXIMATELY 22 PER
CENT LIGHTER. THE AVERAGE SELLING PRICE
OF DRY SKIM MILK IN JANUARY WAS SLIGHTLY
LOWER THAN IN DECEMBER, BUT THE AVERAGE
PRICE OF DRY WHOLE MILK AND BUTTERMILK
WERE FRACTIONALLY HIGHER. COMPARED WITH
THE SAME MONTH OF THE PREVIOUS YEAR,
JANUARY AVERAGE PRICES AS COMPUTED FROM
REPORTED SALES WERE 0.35 CENT, 2.80 CENTS.
AND 0.21 CENT, RESPECTIVELY, LOWER FOR
DRY SKIM MILK, WHOLE MILK, AND BUTTERMILK.

CASEIN MARKETS IN FEBRUARY
CONTINUED STEADY. TRADING HAS NOT DIS-
PLAYED ANY TENDENCY TO EXPAND, BUT WITH
PRODUCTIONN LIGHT, STOCKS CONTINUE LOW.
THE-FOLLOWING QUOTATIONS PREVAILED,
F. 0. B. ATLANTIC SEABOARD; 20 TO 30
MESH, 7 TO 7- CENTS; 80 TO 100 MESH, 7-2
TO 8 CENTS, ARGENTINE CASEIN WAS
OFFERED AT 3- TO 3? CENTS 0. I. F. NEW
YORK, AND FRENCH CASEIN AT 4-- CENTS
C. I. F. THAT PORT, BUT ONLY SMALL
LOTS WERE IMPORTED AND THESE -OR
SPECIAL TRADE REQUIREMENTS.


Y ;1 9"3 -& "-


POUNDS

36,937


1932
*170,987 Las.









'.

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


DRY MILK MARKET REPORT FOR MARCH 1933
MANUFACTURERS' WHOLESALE SELLING PRICES DURINg FEBRUARY
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERINGG ACTUAL SALES TO JOBEORS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
-.O.B. FACTORY ON THE BASIS OF CASH R SHORT TIME CREDIT. WIDE RANGES IN PRICES
.AAY BE IN .PART ATTRIBUTED TO D.f'IFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
SDRY. SKIF' MI.LK. DRY WHOLE MILK DRY BUTTERMILK
'(BULK GOODS) (SULK GOOQS) (BULK GOODS)
SREPORREPORTED S.ALESEPORTED SALES REPORTED SILES
S .POUNDS POUNDS
R.1CE IIN.BAGS IN BSLS. PRICE :. POUNDS PRICE IN BAGS I N BBLS.
S- 3 2,399,873 249,603 1I1 12 12,00 I1 .2- I,010 -
3' 32 4,835,941 972,025 12 131- 413,494 2- 3. 2,434,482
3- 4. .273,820 768,049 13 14 33,125 3. 4 677,368 -
4 "- 4 254,078 1,590,237 14 15 205,250 4 5 37,412
4 5 69,978 1.,562,585 I l' 5 6-: 8 6.,300
5 -"5. 17,89S 3,325,320 I -7 23,990
5. -6 122,195 17- 18. 1,274
6. 6 -. 469,125

TOTAL 7,851,585 9,059,439 689,943 3,112,850 63,712
3RAND'TOTAL 18,911,025 689,943 3,1.76,562
AVERAGE PRICE FEB. 1933 3..50 14.100 3.130
JAN. 1933 3.93 14.350 3.380
FEB. 1932 4.030 16.500" 3.620


WHOLESALE PRICES REPORTED ON CASE GOODS
.ILK (I LBS. CANS) 35.,80 PER POUND.


WERE AS FOLLOWS:


WHOLESALE SELLING PRICES F. 0. 3. DISTRIBUTING POINTS FEBRUARY


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LooIS


BAGS
3.25 4.5
2.5 4.5
3.5 4.5
3 4.5
3.5 4.5
3 3.5


DRY SKIM. MILK
(CENTS PER LS.)
:BBLS. BAS B.LS,
4 G.5 KANS.AS CITY: 5
3- 6".5 SEAT-TLE 3.08 4..2. -
4- 6.5 PORT-AND 4,5-.-
3.79 5.5 Los ANGELES 3.12 3.25 4.25 -


4.33 6.5
4 -6.5


SAN FRANCISCO


SMANUFACTURERS-' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THE'. '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.

CLASSES OF TOTAL STOCKS ON HAND
DRY MILK MARCH I, 1933
IN BAGS I IN BARRELS TOTAL POUNDS(A FIR"S*
(POUNDS) POUNDSS) *"
WHOLE MILK 6,1351 594,742 I 577,953 15
SKIM MILK. 5,367,518 9,035,466 14,493,174** 114
PART SKI.< .0 16.,352 103,768 3
CREAM! POWDER 0 4,966 4,966 3 U-
BUTTERMILK 3,319,740 185,979 3,505,719 1.62 1O
(A) INCLUDES CAS GOODS AS FOLLOWS WHOLE MILK 977,076 POUNDS;
SKI'l MILk 90,190 POUNDS; PART SKIM MILK 86,916 POUNDS. 3
** EQUIVALENT TO. 19 DAYS' REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE.PAST YEAR, AS CALCULATED
FROM REPORTS OFRTHE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS
OF DRY SKIM M.LK ON MARCH I, WERE EQUAL TO APPROXIMATELY 19
DAYS REQUIREMENTS, IN COMPARISON WITH 20 DAYS ON FEBRUARY I,
1933; CALCULATED ON THE S.>ME BASIS A YEAR AGO, .STOCKS ON HAND
MARCH I, IS32.WERE THE EQUIVALENT OF A 32 DAYS' SUPPLY.
COrPAR I SON OF TOTAL STOCKS REPORTED BY MANUFACTURERS.
TOTAL STOCKS (POUNDS)... Ol.-HA.ND FOR SAME FIRM'S REPORTING
LDRY MiLK S PREVIOUS YEAR PREVIOUS MONTH
FIRrs* MAR. I, 1933 MAR. I, 1932 FIRMS* MAR. I, 1933 FEB. I, 93
WHOLE MILK 15 1,577,953 2,021,447 15 1,577,953 2,060,350
SKIM MILK 108 14,241,277 22,722,396 113 14,475,374 14:,933,416
PART. SKIM 3 103,768 102,057 3 103,.768 112,783
CREAM POWDER 3 4',966 7,76Q. ...3 4,966 549
BUTTERMILK 51.. 3,431,.732:. 5,69-388... 62 3,505,719 3,317,609
*-' I -. _- -r c-c" c2 i mr-P, Qnr, r


' I GURES SHOWING NUMBER OF FIRMS DO NOT REPRES~N
FIRMS OPERATE MOREF THAN ONjE. FP;YR.Y. I\];C;MARng l~Edo


WASHINGTON, D.C.


DRY WHOLE


4.75 5.5


OF FACTORIES SINC E







PRODUCTION OF DRY MJLK REPORTED BY MANUFACTURERS FEBRUARY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARI SON OF PRODUCTION POUNDSD) FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* FEB. 1933 FEB. 1932 FIRMS* FEB. 1933 JAN. 1933
WHOLE MILK 15 491,350 740,910 15' 491,350 334,308
SKIM MILK 105 15,731 ,71.3_ -'16 ,'208,990 108 -. 16,040,462 17,823,547
PART SKIM 3 6,0.10. 43,533 3 6,010 35,800
CREAM POWDER 3. 5,596 4,330 3 5,596 1,539
BUTTERMILK 50 3,190,160 3,317,518 SI 3,325,580 3,298,953
:REPORTS' INDICATE THAT FEBRUARY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS .0.150. BBLS. 81.08% CASES 18.77-
DRY SKIM MILK:. 44.78/ (7,225,509 LBS.)" 55.14%(8,896,693 LBS.) 0.08I
DRY BUTTERMILK: 96.48% (3,325,580 LBS.) 3.52%( 116,923 LBS.)
PRODUCTION DRY .SKI M. MILK JANUARY 1933 (INCLUDING LATE REPORTS) INDICATE:
SBAGS --7,717,957" LB'S. (42.66,' BARRELS 1-0,362,812 LBS.' (57.283); CASES 9,27S1
LBS. (0.60o);' TOTAL.:8,090, 0o LBS.
*RGU':ES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME FIRMS
OPERATE.MORE THAN ONE.FACTORY.


EXPORTS AND

EXPORTS

EXPORTS To
EUROPE
UNITED KINGDOM
NORTH AMERICA
HONDURAS
MEXICO
PANAMA
SOUTH AMERICA
BRAZIL
COLOMBIA
VENEZUELA
ASIA
CHINA
JAPAN
OCEANIA
PHILIPPINE ISLANDS
nTLHEC? ONIMTRIE


IMPORTS OF DRY MILK DURING FEBRUARY 1933

S. IMPORTS


POUNDS



6,930

5,243
7,963
20,125

9,294
8,878
1 1,530

16,975
20-,290


35,349
7C. ,h7Q


IMPORTS FROM
EUROPE
Swi TZERLAND
NORTH AMERICA
CANADA


FOUNDS



110

20,400


^ I I IL- \ '.U I \ i L_.UJ r,' ._____________ i, _____________________ _
TOTAL -.FEBRUARY 1933 173,656 TOTAL FEBRUARY 1933 20,510
TOTAL FEBRUARY 1932 *251,209 TOTAL FEBRUARY 1932 69,250
JAN. FEB. (INC.) 1933 361,370 JAN. FEB. (INC.) 1933 57,447
JAN. FEB. (INC.) 1932 *511,710 JAN. FEB. (INC.) 1932 123,036


CASEIN IMPORTS FEB-UARY
CASEIN IMPORTS JAN. FEB.


1933
40,092 LBS.
136,926 LBs.


INC.)


1932
138,451


LBs.


309,439 LBs.


DRY MILK MARKETS STEADY TO FIRM FAIRLY GOOD TRADE MOVEMENT


DRY MILK MARKETS ARE WITHOUT ANY UN-
USUAL FEATURES THIS MONTH, ACCORDING TO
REPORTS RECEIVED BY THE U.S. BUREAU OF .
AGRICULTURAL ECONOMICS.. THE GENERAL TONE
OF THE MARKET I,S STEADY TO FIRM, ALTHOUGH
THE POSITION ON FEED POWDER IS APPARENTLY
NOT SO GOOD AS 'THAT OF THE HUMAN FOOD
PRODUCT. FEBRUARY SALES OF BOTH DRY SKIM
AND DRY BUTTERMILK FOR FEED WE;-E CONSIDER-
ABLY HEAVIER'THAN IN JANUARY, AT SLIGHTLY
LOWER PRICES IN BOTH CASES. SOME REPORTS
INDICATE AN INCREASED INQUIRY REGARDING
FEED POWDER, BUT THAT BUYING HAS NOT BEEN
SO FREELY DONE THIS MONTH, AS IN FEBRUARY,
ON ACCOUNT OF THE UNCERTAINTIES OF PENDING
LEGISLATION, WHICH IF PASSED, IT IS BE-
LIEVED MIGHT HAVE AN INFLUENCE ON PRICES
AND MOVEMENTS OF FEED POWDER. SOME BUY-
ERS HAVE BEEN CONSERVATIVE FOR THAT REASON,
AND TRADING IN GENERAL HAS, OF COURSE, BEEN
SOMEWHAT DISRUPTED THIS MONTH BY THE BANK-
ING HOLIDAY.

FEBRUARY PRODUCTION OF ALL CLASSES OF
DRY MILK WAS LESS THAN THAT OF FEBRUARY,
1932, DRY SKIM HAVING BEEN 2.9 PER CENT
LESS AND DRY BUTTERMILK 3.8 PER CENT LESS.
DRY SKIM PRODUCTION IN FEBRUARY WAS ABOUT
10 PER CENT LESS THAN IN JANUARY, BUT DRY
BUTTERMILK SHOWED A SLIGHT INCREASE. DUR-
ING THE.PAST SEVERAL YEARS, THE FEBRUARY
OUTPUT OF DRY SKIM MILK FROM DRYING PLANTS
.HAS BEEN LESS THAN THAT OF JANUARY. THE


FACT THAT FEBRUARY IS A SHORT MONTH PART-
LY EXPLAINS THIS, ALTHOUGH FOR SEVERAL
YEARS PRIOR TO 1930, FEBRUARY PRODUCTION
EXCEEDED THAT OF JANUARY.

MARCH I STOCKS OF DRY BUTTERMILK
WERE SLIGHTLY HEAVIER THAN THOSE OF FEBRU-
ARY I, BUT STOCKS OF DRY WHOLE MILK AND
DRY SKIM WERE EACH ABOUT HALF A MILLION
POUNDS LIGHTER. MANUFACTURERS' STOCKS
OF DRY SKIM REPORTED FOR MARCH I, TOTALLED
14,493,000 POUNDS, AND DRY BUTTERMILK
STOCKS WE:E 3,500,000 POUNDS. ALL CLASS-
ES OF DRY MILK EXCEPT PART SKIM WERE IN
LIGHTER SUPPLY ON MARCH | THIS YEAR THAN
LAST, THE SHORTAGE IN THE CASE OF DRY SKIM
BEING AB.0UT.8,400,000 POUNDS, AND DRY
BU.TTERM'ILK ABOUT 2,200,000 POUNDS.' STOCKS
OF DRY SKIM ON MARCH I, REPRESENTED
APPROXIMATELY 19 DAYS' REQUIREMENTS, COM-
PARED' ITH A 20 DAYS' SUPPLY ON FEBRUARY
I, AND A 32 DAYS' SUPPLY ON MARCH 1,1932,

CASEIN MARKETS ARE FIRM THIS MONTH.
DEMAND HAS EXPANDED SOMEWHAT, AND STOCKS'
ARE REPORTED TO BE LIGHT. FOREIGN MARK-
ETS ARE FAIRLY FIRM, AND THERE IS NO IN-
CENTIVE TO BRING IN IMPORTS. PRICES F.Q.
B. ATLANTIC SEABOARD ARE REPORTED AS
FOLLOWS: 20 TO 30 MESH, 7 -. 7 CENTS;
80 TO 100 MESH, 8 8-L CENTS.


MARCH 1933


PAGE 2.


" U L 6L80 .9Z., v

V(31OlO : jO AIIS 3:AINn







APRIL 27, 1933.


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


WASHINGTON, D. C.


DRY MILK MARKET REPORT FOR APRIL 1933
MANUFACTURERS' WHOLESALELE SELLING PRICES 3JRING MARCH


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 SE 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.
21 30 2,359,895 435,950 12 12; 44,900 2. 30 2,954,892 -
3 3. 5,962,212 967,501 12 133 77,332 3. 4 1,401,773 -
3 4 780,358 668,575 13-i 141 477,935 4 50,014
4 4 356,100 1,615,859 14 I5 15,1225 28,660
4- 5 2,431,239 5 I 7 7,053
5 5 4,309,847 16 17 35,893
51- 6 1,200 171 I 640
6' 6 584,350

TOTAL 9,458,555 11 ,014,521 651,822 4,356,665 85,727
GRAND TOTAL 20,473,076 651,822 4,442,392
AVERAGE PRICE MAR. 1933 3.890 13.800 3.250
FEB. 1933 3.850 14.100 3.130
MAR. 1932 3.850 15.850 3.460


DRY WHOLE


WHOLESALE PRICES REPORTED ON CASE GOODS
MILK (I LB. CANS) 35.550 PER POUND.


WERE AS FOLLOWS:


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
3.38 4.5
3 4.5
3.5 4.5
3.1 4.5
3.5 4.5
2.8 3


BBLS.
4.5 6.5
3.34 6.5
4 6.5
3.25 6.5
4.4S 6.5
4.5 6.5


BAGS


KA-SAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


3.04 3.15


a3LS.
4.77 6.5
4 -5.5
4.5 5.5
4.75 6
4.75 5.5


MANUFACTURERS' oiOCKS OF CRY MILK
TOTAL STOCKS ON HAND INCLU7EL .:LL STOCKS IN POSSESSION OF.MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR -L'RCHASED FROM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT k'OT DELIVERED.

TOTAL STOCKS ON HAND
CLASSES OF APRIL I, 1933
DRYMILK IN BAGS N BARRELS TOTAL POUNDS(A) FIRMS
1% (POUNDS) (HOUNDS) TOTAL POUNDS(A) FIRMS
WHOLE MILK 1,808 547,664 1,425,905 15
SKIr'i MILK 4,148,738 E,126,720 13,368,146** I11
PART SKIM 0 18,459 109,149 3
CREAM POWDER 0 4,619 4,619 3
BUTTERMILK 2,389,963 194,060 2,584,023 62
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 876,433 POUNDS;
SKIM MILK 92,688 POUNDS; PART SKIM MILK 90,690 POUNDS.
** EQUIVALENT TO 18 DAYS' REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF THE BUREAU OF AGRICULTL3AL ECONOMICS, STOCKS OF DRY SKIM
MILK ON APRIL I, WERE EQUAL TO APPROXIMATELY 18 DAYS' REQUIREMENTS,
IN COMPARISON WITH 19 DAYS ON MARCH I, 1933: CALCULATED ON THE
SAME BASIS A YEAR AGO, STOCKS ON HAND APRIL I, 1932 WERE THE
EQUIVALENT OF A 31 DAYSI SUPPLY.

_COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CLASSES OF TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* APR. 1,1933 APR. 1,1932 FIRMS* APR. 1,1933 MAR. 1,1933
WHOLE MILK 15 1 ,425,905 1 ,07,331 15 1,425,905 1,560,388
SKIM MILK 108 12,995,199 21,'.7I,029 III 13,306,850 14,530-,033
PART SKIM 3 109,149 96,461 3 109,149 103,768
CREAM POWDER 3 4,619 2,919 3 4,619 4,966


BUTTERM:I LK


2.524.951


S._ 5,


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


89L ,252__
REPRESENT


(OVER)
APR IL'--933


2.577.955


3.484.602


NUMBER OF FACTORIES SINCE SOME

-EUNIV. OF FL LI.




U.'. DEPoOWTORY






PAGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS MARCH


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


CLASSES OF
DRY MILK


COMPARISON OF PRO N


F I MS*


(POUNDS) FOR SAME FIRMS


PREVIOUS YEAR PREVIOUS MONTH
-~ I.


MAR. 1933


MAR. 1932


FIRMS*


MAR. 1933


FEB. Iy33


'HOLE MI.LK 15 691,008 743,659 15 691,008 488,908

SKIM MILK 107 18,307,151 18,103,292 110 18,642,182 16,110,570

PART SKIM 3 20,635 I;,822 3 20,635 6,010

CREAM POWDER 3 388 0 3 388 5,596

BUTTERMILK 51 3,689,570 3,853,922 59. 3,759,057 3,329,686
REPORTS INDICATE THAT MARCH PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 5.44 BARRELS 61.80% CASES 32.76%
DRY SKIM MILK: 44.36 (8,295,354 LBS) 55.60%(10,395,771 LBS) 0.04%
DRY BUTTERMILK: 11 97.31 (3,704,365 LS) 2.69( 102,29LBs)
PRODUCTION DRY SKIM MILK FEBRUARY 1933(INCLUDING LATE REPORTS) INDICATE:
BAGS -'7,453,459 LBS. (45.39 )" BARRELS E,355,017 LBS. (54.54%); CASES 12,160
LBS. (0.07po); OTAL 16,420,b POUNDS.
* 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 1933


EXPORTS


EXPORTS TO
NORTH AMERICA
MEXICO
HONDURAS
PANAMA
SOUTH AMERICA
BRAZIL L
COLOMBIA
VENEZUELA
ASIA
CHINA
HONG KONG
JAPAN
OCEANIA
PHILIPPINE Is.


POUNDS

51 ,989
5,950
31,538

17,838
17,194
18,113

6,299
5,600
28,825

38,457


IMPORTS
IMPORTS FROM
EUROPE
SWITZERLAND
UNITED KINGDOM
NORTH AMERICA
CANADA.


POUNDS

54
360

40,443


UiHER COUNTRIES b50U, 13
TOTAL MARCH 1933 271,936 TOTAL MARCH 1933 40,857
TOTAL MARCH 1932 279,425 TOTAL MARCH 1932 91,771
JAN. MAR. (INC.) 1933 633,30 JAN. MAR. (INC.) 1933 98,304
JAN. MAR. (INC.) 1932 791,135 JAN. MAR. (INC.) 1932 214,807


CASEIN IMPORTS MARCH
CASEIN IMPORTS JAN. MAR.


1933
50,770 LBs.
187,696 LBs.


( INC.)


1932
167,256 LBS.
476,694 LBS.


DRY'MILK MARKETS'FIRM DE',AND GOOD BUT SUPPLIES LIGHT


APRIL DRY MILK MARKETS ARE FIRM
AND ARE, THEREFORE, IN LINE WITH THE
!RICE TREND OF DAIRY PRODUCTS IN GENERAL,
ACCO.RP:NG TO THE U. S. BUREAU OF
AGRICULTURAL ECONOMICS. PRICES ON THE
LOWER GRADES OF BOTH SKIM MILK AND BUTTER-
AILK, WHICH ARE GENERALLY USED FOR ANIMAL
-EEDS, HAVE'4AQVANCED ABOUT I CENT PER
mOUND IN A NUMBER OF IMPORTANT MARKETS,
AND ASKING PRICES ON THE BETTER GRADES
ARE ALSO I CENT HIGHER IN SOME QUARTERS.
CONSUMPTION DEMAND IS UNUSUALLY GOOD, AND
SOME BUYERS ARE EVEN EXPERIENCING
DIFFICULTY IN MAKING PURCHASES AS STOCKS
ARE KNOWN TO SE EXTREMELY LIGHT. :THE
CONTINUED LONG PERIOD OF LOW PRICES HAS
INDUCED MANY MANUFACTURERS TO SUSPEND
OPERATIONS FOR AN INDEFINITE PERIOD, BUT
SOME OF THESE ARE NOW REPORTED AS
CONTEMPLATING OPENING UP THEIR PLANTS.
FHE GREATER OPTIMISM PREVAILING IN DRY
AILK MARKETS IS ALSO PARTLY DUE TO PRICE.
ADVANCES ON BUTTER AND OTHER DAIRY
qODUCTS. BUTTER HAS ADVANCED 4- CENTS
OER POUND, CHEESE- 1-- CENTS PER PAUND, AND
EVAPORATED MILK 25 CENTS PER CASE SO FAR
FHIS MONTH.

TOTAL DRY MILK PRODUCTION IN MARCH,
THE LATEST MONTH FOR WHICH COMPARATIVE
FIGURES ARE AVAILABLE, WAS APPROXIMATELY
THE SAME AS IN MARCH, 1932, WITH THE MAKE
OF DRY SKIM MILK. PER CENT HEAVIER, THAT
OF DRY BUTTERMILK ABOUT 4 PER CENT
LIGHTER, AND THAT OF WHOLE MILK 7 PERCENT
LIGHTER. TOTAL PRODUCTION OVER FEBRUARY
SHOWED A SEASONAL GAIN OF APPROXIMATELY
16 PER CENT, THIS INCREASE IN THE MAKE
SEING SOMEWHAT HEAVIER THAN THE 11.5 PER
3ENT GREATER PRODUCTION IN MARCH OVER.
ESBRUARY, 1932. ALL CLASSES OF DRY MILK,.
EXCEPT CREAM POWDER, PARTICIPATED IN THE
HEAVIER PRODUCTION.


APRIL I TOTAL STOCKS OF DRY MILK
WEE 42.4 PER CENT LIGHTER THAN ON THE
SAME DATE A YEAR AGO. SUPPLIES OF DRY'
SKIM MILK, 40 PER CENT LIGHTER THAN A
YEAR AGO, WERE ONLY SUFFICIENT TO LAST
THE COUNTRY FOR IS DAYS AT THE CURRENT
RATE OF CONSUMPTION. DRY BUTTERMILK
STOCKS WE.E 57 PER CENT LIGHTER THAN LAST
YEAR, AND DRY WHOLE MILK SUPPLIES WERE 25
PER CENT LIGHTER. THE DECREASE IN TOTAL
STOCKS DURING MARCH AMOUNTED TO 11.5 PER
CENT AN UNUSUALLY HEAVY REDUCTION IN
SUPPLIES FOR THIS PARTICULAR MONTH.

SALES OF ALL CLASSES OF DRY MILK
IN MARCH WERE JUST SLIGHTLY HEAVIER THAN
A YEAR AGO, BUT TOTAL REPORTED SALES OF
DrY SKIM MILK IN MARCH OF 20,473,000
POUNDS WERE ALMOST 22 PER CENT HEAVIER-
THAN THE PREVIOUS MONTH, WHILE BUTTERMILK
SALES OF 4,442,000 POUNDS WERE 40.0 PER
CENT HEAVIER THAN IN FEBRUARY. AVERAGE
PRICES, COMPUTED FROM REPORTED SALES,
WERE FRACTIONALLY HIGHER THAN A MONTH AGO
ON SKIM MILK AND BUTTERMILK AND LOWER ON
WHOLE MILK, BUT ONLY THE AVERAGE PICE OF
DRY SKIM MILK WAS HIGHER THAN A YEAR AGO.

CASEIN MARKETS ARE ALSO FIRM,
LARGELY IN SYFMPTHY WITH ADVANCES ON
OTHER DAIRY PRODUCTS, BUT ALSO BECAUSE
OF A-SOMEWHAT IMPROVED DEMAND. SUPPLIES'
ARE LIGHT AND PRODUCTION IS ALSO SAID
TO BE LOW. PRICES, F. O. B. ATLANTIC
SEABOARD, ARE REPORTED AS FOLLOWS:
20 TO 30 MESH, 77 TO 8 CENTS; 80 TO
100 MESH, 8- CENTS. THIS IS AN
ADVANCE OF ABOUT I OVER A MONTH
AGO.. OFFERINGS OF FOREIGN
G'ODS LIGHT AND IMPORTS
NOMINAL.


S"APRIL 193:3


OLO9 6ZL90 Z9S C

V01o8D:1 do AOiIS83AINn


--


-~--- --








MAY 26, 1933.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
DRY MILK MARKET REPORT FOR MAY 1933


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING PRICES DURING APRIL
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOEB'E,.RS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES. IN PRICESS
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK DRY .'jHOLE MILK DRY BUTTERMILK
BLKBULK 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.
2- 3. 1,822,510 357,500 I 12 37,725 2 3;" 2,172,902 -
3 3 5,315,453 721,869 12 1 144,715 3 2,603,535
3 -.4 2,2.29,315 1,025,900 3 14 379,533 4 5 42,646 66,230
4 4 758,702 2,403,390 4 15 6 45,500
4- 5 215,068 2,359,459 15 16. 7,440
5- 52 18,5S3 4,241,223 6 17 30,000
5 6 153,132 17 8 : 637
6 6 580',158
TOTAL 10,359,641 11,842,631 600,050 4,319,083 111,730
GRAND TOTAL 22,02,272 600,050 ___ 4,930,813
AVERAGE PRICE APR. 1933 4.02o 13.66S 3.670
MAR. 1933 3.890 13.803 3.250
APR. 1932 3.40 14.833 3 .14
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 35.540 PER POUND.

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


BOSTON .
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
3.5 4.5
3 4.5
3.5 -4.5
3 -4.5
3.5 4.5
2.75 3


BBLS.
4.75 6.5
3.31 6.5
5 6.5
3.75 6.5
5,5 6.5
4.5 6.5


KANSAS CITY
SEATTLE
:PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS
g-,
3.13

3.1 3.25


BBLS.
4.75 6.5
4.5 5.5
4.5 5.5
4.75 5.5
4.75 5.5


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 MAY I 1933
DRY MILK IN BAG IN BARRELS
POUNDS) (POUNDS) TOTAL POUNDS(A) FIRMS*
.WHOLE MILK .3,740 -718,732 1,548,381 16

SKIM MILK 3,239,912 8,308,118 11,635,311** 112
PART SKIM 0_ 15,437 102,436 3
CREAM POWDER 0 130 130 3
BUTTERMILK 1,514,412 172,355 1,686,767 61
A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 825,909 POUNDS;
KIM MILK 87,281 POUNDS; PART SKIM MILK 86,999 POUNDS.
*EQUIVALENT TO 15 DAYS' REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF'TRE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS OF DRY
SKIM MILK ON MAY I, WERE EQUAL TO APPROXIMATELY 15 DAYS1 REQUIRE-
MENTS, IN COMPARISON WITH 18 DAYS ON APRIL I, 1933: CALCULATED
ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND MAY I, 1932 WERE THE
EQUIVALENT OF A 30 DAYS' SUPPLY.

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* MAY I, 1933 MAY I, 1932 FIRMS*' MAY I, 1933 APR. I, 1933
WHOLE MILK 16 1,548,381 1,696,637 14 1,367,131 '1,426,037
SKIM MILK 104 11,288,776 20,884,529 110 II,617,567 13,213,136
PART SKIM 3 102,436 190,636 .3 .102,436 109,149
CREAM POWDER 3 130 35,922 3 130 4.,619
BUTTERMILK 52 1,633,038 4,481,,264 60 1,677,767 2,588,305.
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


(OVE.;)

MAY 1 33


UNIV. OF. FL Li.'

U.M. DEPOTS DEr


U.S. DEPONXTORY






PAGE 2
PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS APRIL
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* APR. 1933 APR.. 1932 FIRMS* APR. 1933 MAR. 1933

WHOLE MILK 15 755,365 777,526 14 698,365 :691'748
.SKIM.MILK :103 20,432,097 20,568,973 108 20,832,680 f8,543,222
.PART SKIM: 3 10,980 193,370 3 10,980 20.635
SCREAM POWDER;- 3 1,006 39,500 3.. 1,006 388
BUTTERMILK -52 3,903,637 4,667,292 '80 3,996,539 3,787,802
RtPORTS INDICATE. THAT APRIL PRODUCTION WAS PACKED AS'FOLLOWS:
DRY WHOLE .MLK BAGS. 5.886 .- BARRELS 63.50, CASES 30.624
DRY SKIM MILI<.: 49.46%( 10,345,340 Lss) 50.54:(10,572,052 LBs)
DRY BUTT~RMILK: 97.86%( 3,918,959 Los) 2.14( 85,880 LBS)
PRODUCTION DAY SKIM MILK MARCH, 1'933 (INCLUDING LATE'REPORTS) INDICATE:
BAGS 8449J1,320 L's.:(44.87%); BARRELS 10,427,480 LBs, (55.09%); CASES 7,962
LBS. (0.64%); TOTAL 18,926,762 POUNDS.
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 APRIL 1933
EPoTS I IMPORTS
EXPORTS TO POUNDS IMPORTS FROM POUNDS
NORTH AMERICA NORTH AMERICA
HONDURAS 6,430 CANADA 19,98B
MEXICO 8,030
PANAMA 19,162
SOUTH ,WERI"CA
ARGENTINA 11,900
BRAZIL 25,909
COLOMBIA 13,456
VENEZUELA 10,011
ASIA
-CiNA 10,267
JAPAN 70,415
OCEANIA
PHIL.PPINE IS.* 37,104
OTHER COUNTRIES 34,873
TOTAL APRIL 1933 247,557 TOTAL APRIL 1933 19,982
TOTAL APRIL 1932. 598,838 TOTAL APRIL 1932 "" 6,06A
JAN...- APR. INC.) 1933 880,463 JAN. APR. (INC.) 1933 118,23g
SJAN. APR. (.INC. 1932 1,389,973 AN. APR. INC.) 1932 220,87


CASEIN IMPORTS APRIL
CASEIN IMPORTS JAN. APR.


.'1933
81,'962 LBS.
269,658 LBS.


(INC.)


1932
30,858
507,552


LBS.
LBS.


DRY MILK AND "ASEIN MARKETS FIRM SUPPLIES LIGHT


DRY MILK MARKETS CONTINUED FIRM'
IN MAY, ACCORDING-TO THE U. S. BUREAU OF
AGRICULTURAL ECONOMICS. THE MORE
OPTIMISTIC SENTIMENT OF DEALERS,.AND THE
WILLINGNESS OF BUYERS TO PAY THE *HIGHER
PRICES DEMANDED FOR ALL TYPES AND GRADES
OF DRY MILK, MAY BE ATTRIBUTED TO A
NUMBER OF CAUSES. DRY MILK PRODUCTION,-
FOR ONE THING, WAS ONLY ABOUT EQUALI'TO-.
THE AVERAGE FOR THE L ST SEVERAL YEARS;
WHILE THE DEMAND, f;CULARLY..FOR .TH
LOWER GRADES USED'-FOR ANIMALL CONSUMPTION,
SHOWED A VERY MARKED INCREASE FROM
MARCH TO-DATE. .THE RESULT'.WAS, OF"
COURSE, A FURTHER REDUCTION IN.ALREADY
EXTREMELY LIGHT STOCKS. SOME MANU-
FACTURERS, IN FACT, ARE SAID TO'CARRY
DDAC'TI CALLY NO SP MC.lDI re AT A R


MANUFACTURERS' HANDS WERE 47 PER CENT-
LIGHTER THAN ON THE SAME DATE IN 1932.'
DRY SKIM MILK SUPPLIES. OF APPROXIMATELY
ONLY 11,700,000 POUNDS WERE 46 PER CENT,
LIGHTER THAN A YEAR AGO, AND WERE.SUFrICI-
ENT TO LAST THIS COUNTRY FOR ONLY 15 DAYS
AT THE CURRENT RATE OF CONSUMPTION. DRY'
BUTTERMILK STOCKS OF AROUND 1,687,000
POUNDS WERE RELATIVELY THE LIGHTEST OF
ALL CLASSES OF DRY MILK WITH SUPPLIES 63
PER CENT LIGHTER THAN A YEAR AGO; WHILE
WHOLEMILK STOCKS OF 1,548,000 POUNDS WERE
ONLY 9 PER CENT LIGHTER THAN ON MAY I,
1932.' STOCKS OF ALL CLASSES OF DRY MILK
DECREASED DURING APRIL, MAY I STOCKS
BEING 15 PER CENT LIGHTER THAN APRIL I
SUPPLIES.


II L NIh A]ALL BE I NG
SOLD OUT-RIGHT UP"TO.THE DRYER: ..THEN.,.. SALES OF .DRY SKIM MILK AND WHOLE-
ALSO ,THERE WAS THE BUOYANCY CONTRIBUTEDD MILK Ir APRIL WERE JUST SLIGHTLY LIGHTER
BY FIRMM AIRY PRODUCTS MARKETS I.N' THAN A YEAR AGO, BUT THE MOVEMENT OF'DRY
GENERAL. BUTTER PRICES, FOR'I~ST4NCE,* OUTTERML K INTO'TRADE CHANNELS AT"
ADVANCED OVER 2 CENTS FROM.THE BE INNING 4,931,- POUNDS WAS ABOUT 17 PER CENT
TO..THE MIDDLE OF.. MAY, AND, ALTHOUGH LIGHTER THAN LAST YEAR ALTHOUGH SHOWING
SOMEWHAT LOWER*ATUTHI WRITING, ARE STILL AN APPRECIABLE GAIN FROM SALES OF THE
SOMEWHAT LOWER ,AATHIS WRI-TING, ARE STILL PREVIOUS' MONTH. THE AVERAGE PRICE, AS
FRACTIONALLY HI'GHER- THAN ,AT THE .END OF COMMUTED FROM REPORTED SALES,.WAS
APRIL;. CHEESE PRICES ADVANCED I- CENTS SO FRACTIONALLY HIGHER THAN A MONTH AGO ON
FAR THIS MONTH; AND EVAPORATED .M1L' DRY SKIM MILK AN'D BUTTERMILK, BUT WAS
QUOTATIONS 25. CEN.T. PER CASE.' CONDENSED SLIGHTLY LOWER ON WHOLE MILK. COMPARED
MILK MARKETS ARE ALSO STRONGER. (. WITH THE SAME MONTH A YEAR.AGO, THE
.AVERAGE PRICE OF DRY SKIM MIL' AND
DRY MILK PRODUCTION IM APRIL 1 ID' BUTTERMILK WAS APPROXIMATELY '.CENT
NOT SHOW THE SEASONAL fNCREAE.EXPERI- HIGH R, WHILE THAT OF WHOLEMILK WA'S CLOSE
ENCED A YEAR AGO AS THE 'MAKC PROVED 5 PER T EN LOWER
CENT LIGHTER THAN IN APRIL, 1932, !WHILE -CASEIN MARKETS WERE ALSO FIRM IN
THE MARCHiOUTPUT WA'S EQUAL TO THAT OF THE MAY, AND.PRI.GES HAVE CONTI-NUED TO-WORK--
SAME MONTHd A YEAR EARLIER. THE MAKE OF HIGHER. ALREADY LIGHT. SUPPLIES WERE
DRY BUTTERMILK WAS RELATIVELY THE FURTHER REDUCED BY 'THE INCREASEDD MOVEMENT
LIGHTEST WITH PRODUCTION 16 PER ENT OF CASEIN .INTO -TRADE OHANriL, 'AND. BY THE
P TH CENT COMPARE TIVELY 'L-IGHT PROOUCT'ION. UPWARD
SHORT OF THAT OF APRIL, 1.932; DRY WHOLE PRICE REVI-SIONS IN.MOST: OTHER DAIRY'"--
MILK PRODUCTION WAF 3 PER CENT .LIGHTER; PRODUCTS, AS WELL iAS A FURTHER. IMPROVE-
AND TH'E MAKE F DRY. SKI,M MILK I PER .CENT MENT I.N INDUSTRIAL ACTIVITYIT, OF COURSE,
LIGHTER. 'ALL CLASSES'SHOWED A PRODUCTION ALSO CONTRIBUTED TO THE HEALTHIER MARKET
INCREASE IN COMPARISON WITH THE PREVIOUS SITUATION.-.' 'UOTATI ONs.,,; F O. B. .ATLANTIC
MONTH, BUT THIS GAIN THIS YEAR'AMOUNTED SEABOARD, ARE. AT THIS WRITING, LISTED
TO ONLY II PER CENT COMPARED'TO .5' ER AS FOLLOWS 20 30 MESH, 9T TO 9-E CENTS;
CENT TIN- MH... 8-'TO T-00 MEISH., 9 TO I0 CENTS. TAEREWAS
ENT IN VERY LITTLE INTEREST IN FOREIGN CASEIN, .
SMWAY I:TOTAL STOCKS OF DRY ML. -IN -NND A .IMPORTS CONTINUED LIGHT, 'ALTHOU'GI H
SI T S O D AI.VALS. WERE HEAVIER THAN A YEAR AG
9989 69L90 U 9Z C

vamloid 0o AilSH3AINn









JUNE 25, 1933.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR JUNE 1933
MANUFACTURERS' WHOLESALE SELLING PRICES DURING MAY
** * * *** ** * *
'UNDER ECONOMY PROGRAM OF THE FEDERAL GOVERNMENT THE FEDERAL MARKET *
*NEWS SERVICE WILL BE DISCONTINUED AND ALL OFFICES ISSUING MARKET NEWS RE- *
*PORTS WILL BE CLOSED ON JUNE 30, 193S. THIS AND ALL OTHER REPORTS ISSUED *
*
*BY THIS SERVICE WILL BE DISCONTINUED ON OR BEFORE THAT DATE. .*
* * * * *'* *

THE WHOLESALE PRICES GIVEN BELOW ARE BASTED UPON REPORTS FRO: MANUFACTURERS
COVERING ACTUAL SALES TO JOBSERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SH.;'RT 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 -( ULJLK GI (BLK GOODS)
REPORTED SALES REPORY rE ;SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BTGS IN BBLS. PRICE' POUNDS .PRICE IN BAGS IN BBLS4
2 3f 225,398 II 12 17,113 2 -3 784,936
3 3 1,976,829 298,995 1t 1: 203,746 -4 1,26,940
3 4 5,896,286 131 14a 19,387 41 -5- 2,995,457 53,007
4 4- 1,497,128 2,128,777 14 13 1?3,681 5 180,925 78,000
4 5 1,097,287 4,025,251 15 I:1 6 -7 5,275
5 5 1,017,694 6,998,280 I 17 31,2
5 6 18,881 184,384
6 6 98,337
6- 7 501,650
TOTAL 11,729,503 14,235,674 605,198 5.,48,258 13C,282
GRAND TOTAL 25,985,177 605,198 5,524,540
AVERAGE PRICE .MAY 1933 4.380 14.200 4.580
APR.1933 4.020 13.660 3.670
MAY 1932 3.:740 15.64 3.130


DRY WHOLE


WHOLESALE PRICES REPORTED ON CAG!E GOODE WERE AS FOLLOWS:
MILK (I LBS. CANS) 36. 32' PER POUND.
WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING POINTS MAY
DRY SKIM; MILK
(CENTS -:.7, LE.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
St. Louis


BAGS
3.75 -
3.6 -
5.25 -
2.8 -
5.25 -
2.8 -


6.25
6.25
6.25


BELS.
5 7
4.5 -7
5 7


6.25 4 7
6.25 .4.44 7
3.25 : 4.87 6.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS .

3.5

4.4


BSLS.
5 5.5
4.5 5.5
4.5 5.5
4.75 5.7E
4.75 5.5


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURpHASED Fr.OM OTHERS, WHETHER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT UNFOLDD) FOR WAREHOU-S CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

TOTAL STOCKS ON 4AND
CLASSES OF JUNE 1,1033 ___
DRY MIiLK IN SAG IFNLs- R
(POUNDS) (P| D.)s TCTAL POUNDS(A) S FI RMS*
WHOLE MILK I 1,887 _792, 230 1,527 120 15'
SKIM MILK 3,946,343 7,.1i,941 _11 608,784** 113
PART SKIM 0 1 12,410 12.410 2 1
CREAM POWDER 0 318 318 3
BUTTERMILK 1,207,413 208,500 1,415,9.13 58
(A) INCLUDES CAGE GOODS AS FOLLOWS: WHOLE MILK 733,003 POUNDS.
*EQUIVALENT TO 15 DAYS'IREQUIREMENTS: ON THE OASIS OF THE AVER-
AGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM RE-
PORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS OF DRY SKIM
MILK ON JUNE 1, WERE EQUAL TO APPROXIMATELY Ib DAYS' RE'3U I-EMENTS,
IN COMPARISON WITH 15 DAYS ON MAY .1, IS33: CALCULATED ON' THE SAME
BASIS A YEAR AGO, STOCKS ON HAND JUNE I, 1932 WERE THE EQUIVALENT
OF A 29 DAYS1 SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS POUNDS) ON HAjND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MIL FIRMS* JUNE I, 1933 JNE I 1932 FIRMS* JIINE ,33 AY 933
WHOLE MILK 15 1,527,120 13,58,516 15 1,527,120 1,085,321
SKIM MILK 104 11,507,152 21 ,148,259 110 11 591 759 11,514,002
PART SKIM 2 12,410 13,_345 2 12.410 15,437
CREAM POWDER 3 318 .357 3 318 130
BUTTERMILK 50 1,354.966 3,'41 ,186 54 1-,406,048 1,620,552
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN -ONE FACTORY.
(JVER)
JUNE 1933





7 4 .. .. -.%., .
G 2 "" 4, ",;': .: ... .
PAGE 2 .
SPROD.JC'.-N CF DRY MILK R PORTED BY MANUFACTURERS MAY
INGLUDQES ICPOR PROM PR' lfP RYRMS, OPERATE ING-DRY. MILK FACTORIES .IN THE
-UN IT D *STATES. .


CLAS. .'E .COMPArISON O Y.)CTI1.0 (riUNDs) FOR.SAME FIRMS
CLASSES OF *.. E .' :_ ______________
DRY MI'Li PPEVlOUS vEA', I PREVIOUS MONTH
SFIRm s MAY 193 y 19 F PI.RMS* MAY 1933 APR. 1933
S.WOLE :MiLK 1-5 i2361t41 272 292 I2 15 1,236,541 I. 635,319
Q.2 ) 1 -15 31


. 'S IM MILK


104


25. 15C. 674


2F 724. 172 0 1 C95 68


I ,, V C'" Qt I I C C- ,."Z K
PART SKIM 2 12,52 '.2,259 : 2 12,522 : 0,s80
CREAM POWDER 2 178 2 178 1,006
BUTTERMILK -55 5,262,284.. ijI,410 59 i 5,379,651 3,893,283
I,~ItL28-


REPORTS INDICATE TH,,T MAY PROCD:CTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 5.10 T ARREELS 40.837 "
DRY SKIM MILK: I 51.92,(1 3,436135 LES. 42808:(12,4 1,230
DR BUTTERMILK 98.43. ( .,,445,3)8 ) 01.57,( 85,476
PRODUCTION DRY'SKIM MILK APRIL, 1933 INCLUDINGG LATE REPORTS) INDICATE:
BAGS 10 404 080 LeS. 49.47r); BARRELS 10,625,375 LES. (50.53,);
TOTAL 21,030,055 POUNDS.


CASES 45.07%
LS. )
If )


*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 1933


EXPORTS
EXPORTS TO (
EUROPE..
PORTUGAL
NORTH AMERICA
.MEXICO
PANAMA
SOUTH AMERICA
ARCENT INA
SBRAZIL
.COLOMBIA
VENEZUELA
ASIA
CHINA
NETHERLAND' AST I hbI ES
OCEANIA
'PHILIPPINE ISLAN*bs
OTHER COUNTRIES


SPoOUrDS

8,545

i2,352
3C0699

it
.9 148 .


I, !02
20,305

13, 160
35.556


IMPORTS :'FROM
EUROPE
NETHERLANDS
SWITZERLAND
NORTH AMARICA
CANADJ,


IMORTS


POUNDS

446
265

69,885'


,TOTAL MAY .1933 192,41 I TOTAL MAY 1933 70,596
TOTAL.-.MAY 1.932 389,545 TOTAL MAY 1932 55,041
JAN. MAY (.INC.) 1933 1,072,874 JAN. MAY (INC.) 1933 188,829
JAN.. MAY (INC.) 1932 1,779,518 JAN. MAY (INC.) :132 276,812


CASEIN IMPORTS MAY
CASEIN IMPORTS JAN MAY (INC.).


I ;33
87,338 Los.
357.,494 LaC.


1932
152,439 LBS.
670,041 LBs.


DRY MILK MARKETS STEADY TO FIRM ': .-.STOCKS REMAIN VERY LOW


DRY MILK MARKETS RULED.STEADY TO
FIRM IN JUNE, ACCOR ING TO THE U. S. BUREAU
OF AGRICULTURAL E:;oIMICG." TRADING, ON
THE WHOLE, WAS RATHER ACTIVE, BUT THERE
WAS A NOTICEABLE LETUP IN THE DEMAND FOR
THE LOWER GRADES OF DRY MILK WHICH ARE
USED FOR ANIMAL FEED. THERE WERE, HOW-
EVER., MORE INQUIRIES FOR THE BETTER GRADES
USED FOR HUMAN CONSUMPTION. DRY MILK
PRODUCTION REACHED ITS PEAK FOR THE YEAR
ABOUT THE THIRD WEEK OF THE MONTH WITH
THE MAKE, AT THAT TIME, APPARENTLY ABOUT
EQUAL TO THAT OF THE SAME TIME A YEAR AGO.
WHILE STOCKS, OF COURSE, SHOWED A FURTHER
INCREASE OVER THOSE OF THE PREVIOUS MONTH,
THIS GAIN IS BELIEVED TO HAVE BEEN BUT
SLIGHTLY IF ANY HEAVIER THAN IN JUNE,1932.
TOTAL DRY MILK REDUCTIONN IN MAY, THE
LATEST PERIOD FOR WHICH DEFINITE COMPFARA-.
TIVE FIGURES ARE AVAILABLE,, WA!S-:'BUT,. 2 PER
CENT HEAVIER THAN DURING t: SAME MONTH A
YEAR AGO, BUT WAS 28 PEr. CENT HEAVf'ER THAN
THE MAKE OF THE PREVIOUS MONTH. ALL
CLASSES OF DRY MILK, WITH THE EXCEPTION OF
DRY WHOLE MILK, FIGURED IN THE SLIGHTLY
INCREASED PRODUCTION OVER A YEAR AGO, BUT.
GAINS MADE, IN EVERY INSTANCE, WERE SMALL.
TOTAL STOCKS OR- DRY MILK IN MANUFAC--
TURERS' HANDS ON JUNfI'I, WERE STILL 46 PER
CENT LIGHTER THAN ON THE'SAMrE DATE IN
1932, ALTHOUGH AN ACCUMULATION. OF 2 PER
CENT WAS RECORDED DURING MAY. THIS IN-
CREASE IN SUPPLIES DURING MAY WAS JUST
SLIGHTLY HEAVIER THAN THAT WHICH OCCURRED.
A YEAR AGO. DRY SKIM MILK STOCKS OF'
APPROXIMATELY 11,009,000 PbUNDS WERE SUF-
FICIENT TO LAST FOR ONLY 15 DAYS AT THE
CURRENT RATE OF CONSUMPTION. LAST YEAR'S
JUNE 1 RESERVE SUPPLY OF 29 DAYS WAS .ALSO

SLOL 6L90O Z9ZI C

I vIaII I IIoIJI IIIIIIII IIIIIINII n
VO1IIO07 d0 AIISaIAINn


I rELATI-VELY LIGHT WHEN COMPARED WITH STOC; ION-HAND ON THAT DATE IN OTHER YEARS.
DRiY DUTTERMILK STOCKS OF AROUND 1,416,000
POUNDSS WERE 65 PEP CENT LIGHTER THAN ON
JUNE I, 1932, BEING RELATIVELY THE LIGHT-
EST OF ALL CLASSES OF DRY MILK. DRY
WHOLE MILK SUPPLIES OF ABOUT 1,527,000
POUNDS WEr;E JUST SLIGHTLY LIGHTER THAN A
YEA.- AGO.
REPORTED SALES OF ALL CLASSES OF DRY
MILK IN MAY REVEALED A REMARKABLE IN-
CREAGE OVER THOSE OF THE PREVIOUS MONTH,
DRY SKIM MILK WITH A GAIN OF 17 PER CENT
SHOWING THE GREATEST INCREASE. BUTTER~
I.:1LK SALES OF OVER 5,600,000 POUNDS, HOW-
I VE:., WERE ALSO 14 PER CENT HEAVIER THAN
IN APRI-L. DRY SKIM MILK SALES OF
.25,965,000 POUNDS WERE ALSO CLI.HTLY
HEAVIER THAN IN MAY, 1932, WHOLE MILK
.SALES.WERE ALMOST TWICE AS LARGE, BUT
BUTTERMILK SALES SHOWED A DROP OF ABOUT"'
HAL:" A MILLION POUNDS.. AVERAGE SELLING
PRICES IN EVERY INSTANCE WERE HIGHER
THAN IN APRIL, AND FOR DRY SKIM MILK AND
BUTTERMILK, WE;rE ALSO HIGHER THAN A YEAR
.AGO.
CASEIN MARKETS SHOWED VERY MATERIAL
IMPROVEMENT IN' JUNE. THE TONE: WAS FIRM,
AND' PRICES" GAINED AuCUT 2 CENTS PER POUND
SUnPPu.itbE. -.AVE REMAINED LOW BECAUSE OF THE
RELATE VELY. GOOD DEMAND AND CONTINUED LIG1-
rRODUCTI'ON. QUOTATIONS, F.O..B.' ATLANTIC
SEABOARD,- WERE LISTED AS FOLLOWS: 20 TO
301MESH, II TO I11 CENTs; 80 TO 100 MESH,
II.- TO 12 .CENTS. OME SPECIAL BRANDS WERi
SOLD AT SOMEWHAT HIGHER; PICES. vITH
ARGENTINE CASEI,N QUOTED AT 5 TO 5; CENTS,.
C.I.F. NEW YORK, SOME IMPORTS WERE MADE
ANO FURTHER MODERATE SHIPMENTS ARE RE-
PORTED AFLOAT.


..........


'


I in
! 110


I I








JULY 27, 1933


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRJC~UL.TRAL ECONOMICS
MARKET NEWS SERVICE
DRY MILK MARKET REPORT FOR JULY 1933


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLyiT:.RICES DURING JUNE
***************************************y* *' ***************"** **********
ON THE JUNE ISSUE OF THIS REPORT, ANNOUNCEMENT WAS MADE: THAT UNDER *
STHE ECONOMY PROGRAM OF THE FEDERAL GOVERNMENT, THIS AND ALL OTHER MARKET
*NEWS REPORTS WOULD BE DISCONTINUED. THE PROGRAM HAS SINCE BEEN MODIFIED *
**
*SO THAT THIS MONTHLY REPORT WILL DE CONTINUED.
*


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 T~.I E .REV-1T., WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN 'QV'AL'ITY OR GRADE OF PRODUCT SOLD.
D'RY SKIM MILK N DRY .WHOLE f-i'LK' DRY BUTTERMI K
(ULK GOODS) ._,BUOLK GOOOS). ,BULK< GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN 9BLS. PRICE POUND PRICE IN BAGS IN BBLS.
2 2 7,482 12 2 571 3 3 724,530
2 3 112,270 12 13- 33,40Q 3 4 571,668 -
3 3- 823,785 422,170 13 -.14" 38,27 4 5 2,271,129 -
3 4 6,497,033 64,300 14 15- '261,683 5- 6 661,268 68,707
4 4g 1,104,335 948,228 150 I 6 7-
4 -5 1,833,801 937,728 16- 17 25922 7 8 6,700
5 5 1,438,379 9,068,954 174- 18X 4,476
5&--. 6 686,474 1,791,449
6 6 11,488 675,973
6 7 723,709
7 7- -
7! 8 6,750
TOTAL 12,515,047, 14,629,261 364,328 4,228,595 75,407
GRAND TOTAL 27,144,308 364,328 4,304,002
AVERAGE PRICE JUNE 1933 4.710 14.660 4.720
S MAY 1933 4.386 14.201 4.58
JUNE 1932 3.56 I14.880 3.064


DRY WHOLE


WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
MILK (I LB. CANS) .35.87q PER POUND.
WHOLESALE SELLING PRICES F.0.B. DISTRIBUTING POINTS JUNE
DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS '-
4.75 6.5
3.919 6.5
5,5 6,5
3 6.5
5.5 6.5
2.75 5


BBLS.
5.875 7.
4.03 7'
5 -. 7
4,5 -7
5 7
4.88 7


KANSAS
SEATTLE
PORTLAND
Los ANGELES
SaN FRANcisco
F ..... I! C


BAGS BBLS.
4.88 7
4.8 5.25 7
4,75 5,5
4.9 5 4.75 5.5
4.75 5.5


MANUFACTURERS'STOCKS OF DRY MILK
TOTAL STOCKS ON HAND .INCLUDES ALL ;STOCXS"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.


-TUiAL lUUCK UN HANU
CLASSES OF JULY I 1933
DRY MILK
DRY MILK IN BAG IN BARRELS TOTAL POUNDS(A) FIRMS*
(POUNDS) POUNDS)
WHOLE MILK 1,275 1,072,384 :2,408,.737 14
SKIM MILK 3,764,384 6,504,471 10.343,628** 114
PART SKIM O 43,.241 121,736 3
CREAM POWDER 0 138 138 3
BUTTERMILK 1,771,231 .1.12,421 1,883,652 66


I

C
m


(A) INCLUDES CASE.GOODS AS FOLLOWS: WHOLE MILK 1,335,078 POUNDS;
KIM MILK, 74,773 POUNDS; PART SKIM MILK' 78 495 POUNDS. I
**EQUIVALENT TO .14 DAYS.' REQUIREMENTS: 6ON'E BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF THE.BUREAU OF AGRICULtURAL ECOO3OMICS, STOCKS OF DRY
SKIM MILK ON JULY I, WERE EQUAL TO APPROXIMATELY 14 DAYS' REQUIRE-
MENTS, IN COMPARISON WITH 15 DAYS ON JUNE I, 1933: CALCULATED ON
THE SAME BASIS'A YEAR AGO, STOCKS ON HAND JULY I, 1932 WERE THE
EQUIVALENT OF A 30 DAYS' SUPPLY.


COMPARISON OF TOTAL STOCKS REPORTED.BY MANUFACTURERS
CLASSES OF TOTAL STOCKS (POUNDS) ON.HAND FOR SAME FIRMS REPORTING
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JULY. I 1933 JULY I, 1932 FIRMS* JULY 1I 1933 JUNE 1, 1933
WHOLE MILK 13 2,408,654 3,864,451 13 2,408,654 1,880,859
SKIM MILK 104 10,161,062 22,144.743 II 10,309,026 11.604,060
PART SKIM 3 121+736 95.338 3 121,736 .95,338
CREAM POWDER 3 138 .191 3 138 106
BUTTERMILK 52 '. 1 ,738829. 3,352,663 59 1,852,923 1,431,068


FIGURES SHOWING NUMBER OF FIRMS DT N
FIRMS OPERATE MORE THAN ONE FACTORY*


NUMBER OF FACTOR E


> ;
LL
z -







PAGE 2


PRODUCTION .OF DRY MILK REPORTED BY MANUFACTURERS JUNE


INCLUDES REPORTS FROM PRINCIPAL FIRMS !OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION. (POUNDS) FOR SAME FIRMS
DRYLASSES OFILK PREVIOUS YEAR PREVIOUS MONTH
DRY MILK
FIRMS* JUNE 1933 JUNE 1932 FIRMS* JUNE 1933 MAY 1933
WHOLE MILK 13 1,200i991. 1,725,892 13 1,200,991 1;232,222
SKIM MILK 102 24,955,850 25,552,558 108 25,649,749 25,799,482
PART SKIM 2 61,735 33,211 2 61,735 11,010
CREAM POWDER 2 4,563 O 2 4,563 178
BUTTERMILK 52 4,433,364 3,912,711 59 4,602,085 5,491,021
REPORTS INDICATE .THAT JUNE PRODUCTION WAS RACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 3.089 BARRELS 29.08% CASES 67.84%.
DRY SKIM MILK: 52.92 (13,642,512 Ls) "I 47.08*(12,135,958 LBs)
DRY BUTTERMILK: 98.96 ( 4,667,642 LBS) 1.044( 49,223 LBS)
PRODUCTION DRY SKIM MILK MAY, 1933 (INCLUDING LATE REPORTS) INDICATE:
BAGS 13 645 744.LBS., (.51.92%); BARRELS 12,637,096 LBS. (4,8.08);
TOTAL 26,M82,640 POUNDS*
* 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 1933


EXPORTS
EXPORTS; TO
EUROPE
UNITED KINGDOM
NORTH AMERICA.
HONDURAS
MEXICO
PANAMA
SOUTH AMERICA
ARGENTINA
COLOMBIA
VENEZUELA
ASIA
THI NA
HONG KONG
OCEANIA
PHILIPPINE IS.
OTHER COUNTRIES


POUNDS

5,264

7,841
21,125
53,908

6 940
8 970
15,646

30,782
7,300
1.6,313
50.429


IMPORTS
IMPORTS FROM
EUROPE
UNITED KINGDOM
NORTH AMERICA
CANADA


POUNDS

864

32,700


:TOTAL JUNE 1933 224,518, -.TOTAL --JUNE 1933 33,564
TOTAL JUNE 1932 221,067 'TOTAL--- JUNE 1932 49,249
297.392 JNE NC.-1933 297392 JAN. JUNE (INC.) 133 222,392
JAN. JUNE (INC.) 1932 2,000,585 JAN. JUN'E (INC.) 1932 326,061


CASEIN IMPORTS JUNE


CASE


N IMPORTS JAN.;- JUNE (INC.)

DRY.MILK MARKETS CONTINUE STEADY TO


1933
223,257 LBs.
580,751 LBS.


1932
29,554 LBS.
699,595 LBS.


FIRM FURTHER PRICE ADVANCES REPORTED


DRY MILK'MARKETS CONTINUE FIRM
WITH A FURTHER ADVANCE IN PRICES, ACCORD-
ING TO THE U. S. BUREAU OF AGRICULTURAL
ECONOMICS. THE AVERAGE PRICE OF ALL
SALES OF DRY SKIM MILK REPORTED FOR THE
MONTH OF JUNE, THIS YEAR, WAS'4.71 CENTS
PER POUND, A GAIN OF .33 CENT OVER THE
MAY AVERAGE PRICE AND 1.25 CENTS OVER THE'
PRICE OF JUNE LAST YEAR. THE AVERAGE
PRICE ON DRY WHOLE MILK SOLD DURING JUNE
WAS 14.66 CENTS PER POUND, A GAIN OF .46
CENT PER POUND OVER MAY, BUT A DECREASE
OF .22 CENT UNDER JUNE, .LAST YEAR. THE
AVERAGE PRICE OF ALL SALES OF DRY BUTTER-
MILK REPORTED WAS 4.72 CENTS PER POUND,
AN INCREASE OF .14 CENT PER POUND'OVER
THE AVERAGE.PRICE FOR MAY AND 1.66 CENTS
OVER THE AVERAGE PRICE OF JUNE, 1932.

SALES CONTINUED ACTIVE ALL THROUGH
THE MONTH. TOTAL SALES REPORTED FOR JUNE
WERE ABOUT 1,200,000 POUNDS OVER.THE
SALES REPORTED FOR THE SAME MONTH LAST
YEAR, BUT THE INCREASE OF 1,179,000
POUNDS OVER MAY SALES WAS ONLY ABOUT HALF
AS LARGE AS THE INCREASE FOR THE SAME
PERIOD LAST YEAR. THIS INDICATES FAIRLY
HEAVY SPECULATIVE BUYING DURING THE
MONTHS OF APRIL AND MAY, AND THAT WHILE
DEMAND FOR CURRENT CONSUMPTION HAS SHOWN
AN IMPROVEMENT OVER THAT OF LAST YEAR, IT
HAS NOT.IMPROVED TO THE FULL EXTENT
INDICATED BY THE INCREASE IN SALES. A
PART OF THE HEAVY BUYING IN APRIL AND MAY,
AND POSSIBLY A PART OF THAT OF JUNE, WAS
NO DOUBT FOR.THE PURPOSE OF LAYING UP
STOCKS IN ANTICIPATION OF FURTHER ADVANCE
IN PRICES.

STOCKS -OF DRY MILK IN MANUFACTUR-
ERSI HANDS CONTI.NUEVERY MUCH SMALLER THAN.
LAST YEAR.' ON JULY I A TOTAL OF
10,344,000 POUNDS OF DRY SKIM MILK WAS
REPORTED'COMPARED WITH 23,010,000 POuNDS-:
A YEAR EARLIER. A'SO, STOCKS ON JULY I
WERE ABOUT 1,365,000 POUNDS LESS .THAN
THOSE OF JUNE 1, COMPARED WITH -AN
INCREASE OF ABOUT 1,000,000 POUNDS DURING


THE SAME PERIOD LAST YEAR. STOCKS OF DRY
WHOLE MILK /ERE LIKEWISE CONSIDERABLY
LE8S THAN THOSE OF A YEAR EARLIER, BUT
SHOWED A SEASONAL INCREASE OVER THOSE OF
JUNE I. STOCKS OF DRY BUTTERMILK WERE
ABOUT 48 PER CENT LIGHTER THAN THOSE OF
JULY I LAST YEAR, BUT INCREASED OVER
JUNE I THIS YEAR INSTEAD OF DECLINING AS
IN THE PREVIOUS YEAR.

IN SPITE OF AN INCREASE IN THE PRO-
DUCTION OF MOST OTHER MANUFACTURED DAIRY
PRODUCTS DURING JUNE COMPARED WITH A YEAR
EARLIER, THE OUTPUT OF BOTH DRY SKIM MILK
AND DRY WHOLE MILK WAS LESS. PRODUCTION
OF THESE TWO COMMODITIES LIKEWISE SHOWED
A SLIGHT DECREASE UNDER THE PRODUCTION OF
THE R ECEDING 'MONTH. IN MOST YEARS, THE
OUTPUT OF THE VARIOUS CLASSES OF DRY MILK
CONTINUES TO INCREASE THROUGH THE MONTH OF
JUNE BEFORE THE USUAL SEASONAL DECLINE
BEGINS. OTHER DRY MILK PRODUCTS, SUCH AS
PART SKIM MILK, CREAM POWDER, AND DRY
BUTTERMILK, INCREASED OVER A YEAR AGO, THE
PRODUCTION OF DRY BUTTERMILK BEING ABOUT
13.0 PER CENT LARGER. THE OUTPUT OF DRY
BUTTEiRMILK, HOWEVER, WAS APPROXIMATELY
16.0 PER CENT SMALLER THAN IN MAY,
REFLECTING, AS IN THE CASE OF DRY WHOLE
MILK AND DRY SKIM MILK, A DEPARTURE FROM
THE NORMAL TREND OF PRODUCTION.

THE CASEIN'MARKET RULED FIRM WITH
AN UPWARD.PRICE TREND. TRADING IN LARGER
VOLUME'WAS REPORTED FOR MANY OF THE
INDUSTRIAL SECTIONS OF THE NEW ENGLAND
STATES. SUPPLIES APPEAR TO BE AMPLE,
BU'T GENERAL OPINION IS THAT STOCKS HAVE
BEEN- CRE-ASE-D CONSIDERABLY DURING THE
PAST THREE MONTHS. QUOTATIONS, F. 0. B.
At-iA'fd SEABOARD ARE GIVEN AS
FOLLOWS: 20 TO 30 MESH, I TO 12
CENTS 70 MESH, 2 To 122 CENTS,
ANoD.I00 MESH, 12 TO 13 CENTS.
'__ ^. .


S : JULY 1933
[ ,t ... 7


9gL 6~ZLO8 Z9ZI

IIIIII IIIII I III II IIIIIII
VOl01 :1O A.IS 33ANn


I







AUGUST 26, 1933.


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


DRY MIt[l :KRET REPORT FOR AUGUST I :"7
MANUFACTURERS' WHOLESALE SELLING PRICES DURING JULY
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON RE;'ORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERE:, WHOLESALE GROCERS AND R I'.LAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHOkIT TIM. CREDIT. WIDE RANGE;: I'. P PRICES
MvAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR C RADE OF PRODUCT SOLO.
DRY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
-(BK GD)(BULK GOOODS) (BULK GOODS)


REPORTED SALES
POUNDS


IN BBLS.


PRICE IN BAGS
2.- 3 11,755
3 3- 107,373
3'- 4 805,910
4 4- 1,249,706
'4- 5 1,056,168
5 5-- 4,446,941
5- 6 1,487,475
3 6. 110,866
oi_ 7 5,849
7 7-
7- 8


RE.'ORTED ,:ALES


FRICF


POUNDS


Pi-.I CE


--4 ----------- --


357,206
1,239,225
16,050
1,068,441
5,781,914
2,593,626
1,020,020
1,048,225
84,200


13.
140

I s


14 0
15.

17:


46,235
75,570
197;267
94,220


REPORTED SALES
POUNDS
IN BAGS IN BBLS.


27,589
247,660
2,243,030
431,786


-

18,525
54,257

3,700


TOTAL 9,282,043 13,211,907 413,292 2, 50,065 76,582
.RAND TOTAL 22,493,950 413,292 3,026,647


AVI-ERAGE PRIE JULY
JUNE
JULY


1933
1933
1932


5.400
4.710
3.6205


15.53
14.636
15.05r


4.930
4.720
3.256


WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 35.740 PER POUND.


WHOLESALE SELLING PRiCES F.Q-B. DISTRIBUTING POINTS JULY


BAGS


5BOSTON
:JEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


5
4.75
6
3.6
6
2.8


7
7
7
7
7
4.75


DRY SKIM MILK
.(CENTS PER LB.)
BBLS.
6.5 7.5 KANSAS
4.16 7.82 SEATTLE
5.75 7.5 'PORTLAND
5 3.125 Los ANrGELES
6.25 7.5 SAN FRANCISCO
7 -7.5


BAGS


5

5.10 5.25


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED CY 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.


A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,476,631 POUNDS;
SKIM MILK, 66 828 POUNDS; PART SKIM MILK 71,685 POUNDS.
*EQUIVALENT TO 13 DAYS' REQUIREMENTS: 6N THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS OF DRY
SKIM MILK ON AUGUST I, WERE EQUAL TO APPROXIMATELY 13 DAYS'
REQUIREMENTS, IN COMPARISON WITH 14 DAYS ON JULY I, 1933:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND AUGUST I,
1932 WERE THE EQUIVALENT OF A 31 DAYS' SUPPLY.

COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CLASSES OF TOTAL STOCKS (POUNDS) ON HAND F-OR-SAME FIRMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* AUG. I, 1933 AUG. I 1932 FIRMS* AUG. I, 1933 JULY I, 1933
WHOLE MILK 14 2,712,437 4,425,427 14 2,712,437 2,408,737
SKIM MILK 99 10,095,589 22,474,597 rlI 10,375,403 10,726,332
PART SKIM 3 113,408 76,427 3 113,408 121,736
CREAM PO'DER 3 6,796 70 3 6,796 138
BUTTERMILK 55 2,482,779 2,808,050 64 2,633,667 1,879,977.


* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
AUGUST 1933:


NUMBER OF FACTORIES SINCE SOME


WASHINGTON, D.C.


BBLS.


6.25
4.5
4.75
4.75
4.75


7.5
6.5
6.5
7
6.5


i ---- --L'-t-~T--"TC.---;--


C


I


r '





.-AGE 2


PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JULY


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


CLASSES OF
DRY MILK


FI RMRs


COMPARISON OF PRODUCTION POUNDS) FOR SAME FIRMS


PREVIOUS YEAR


JULY I .3


Jui v 192.


PREVIOUS MONTH
____I_-7 I


JULY IJ93M


FI RM:-;'


JUNE 1933


WHOLE MILK 13 980,060 I_ .JL2_.203_ 13 980,00 1i201,551

SKIM MILK 98 21 768,213 20,948,135 110 22,558,679 25,825,218

PART SKIM 2 13 ,370 17 589 2 13,370 61,735

CREAM POWDER 2 12,092 0 2 9* 12092 4,563

BUTTERMILK 53 3,641,761 3,440.939 62 3L800 329 4,677,665
REPORTS INDICATE THAT JULY PRODUCTTION WAS PACKED AS FOLLOWS!
DRY WHOLE MILK: BAGS 0.041 BARRELS 31.23 CASES 68.73%.
DRY SKIM MILK: 46.07,(10 393,552 LBS) 53.93 (12,165,,127 LBS
DRY BUTTERMILK: I 97:88( 3 811 533 LBs) 2.12 ( 82,503 LBS)
PRODUCTION DRY SKIM MILK JUNE .933 (INCLUDING LATE REPORTS INDICATED
BAGS 13,714 740 LBS. (.52.50%); BARRELS 12,408,293 LBS. (47.50o,);
TOTAL 26,123,033 POUNDS.
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCESOME
FIRMS OPERATE MORE THAN ONE FACTORY*


EXPORTS' AND IMPORTS OF


E
EXPORTS TO
NORTH AMERICA'
CANADA
HONDURAS
MEXI CO
NETHERLAND WEST
PANAMA
SOUTH AMERICA.
ARGENTINA
COLUMBIA
VENEZUELA
ASIA
BR. MALAYA
CHINA
OCEANIA
PHILIPPINE Is.
OTHER COUNTRIES


EXPORTS




INDIES


POUNDS

41,461
4 651
19 891
4 964
27,785

11 340
68248
I1,618

4,920
17,965

16,369
35.365


DRY MILK DURING JULY 1933


IMPORTS
IMPORTS FROM
EUROPE.
UNITED KINGDOM
NORTH AMERICA
CANADA


POUNDS

699

25,275


TOTAL JULY 1933 20.4,577 TOTAL JULY 1933 25,974
TOTAL JULY 1932 309,771 TOTAL JULY 1932 28,139
JAN. JULY (INC.) 1933 1,501,969 JAN. JULY (INC.) 1933 248,366
JAN. JULY (INC.) 1932 2,310,3566 JAN. JULY (INC.) 1932 354,200


CASEIN IMPORTS JULY
CASEIN IMPORTS JAN. JULY


1933
1,494,573 Les.
2,075,324 LOs.


(INC.)


1932
64,496 LBs.
764,091 Les.


DRY MILK MARKETS VERY FIRM PRICES ADVANCE UNDER SHORT SUPPLIES


DRY MILK MARKETS IN AUGUST WERE VETY
FIRM UNDER A RISING PRICE TREND, ACCORD-
ING TO THE U.S. BUREAU OF AGRICULTURAL
ECONOMICS. SUPPLIES WERE VERY SHORT IN
SOME MARKETS AND DEALERS REPORTED CON-
SIDERABLE DIFFICULTY IN OBTAINING STOCKS
TO SUPPLY THEIR REGULAR TRADE. MANY IN-
AND-OUT BUYERS HAD TO OFFER OCCASIONAL
StZABLE PREMIUMS IN ORDER TO OBTAIN
STOCKS FOR THEIR ACTUAL NEEDS. SUPPLIES
ACCUMULATED A FEW MONTHS AGO BOTH AS A
RESERVE AND ON SPECULATION HAVE
APPARENTLY BEEN CLEANED UP, AND REPLACE-
MENTS ARE NOW BEING BOUGHT AT PRACTICALLY
DOUBLE THE ORIGINAL PAYING PRICES OF THE
LATE WINTER MONTHS.

THE AVERAGE PRICE OF MOST CLASSES OF
DRY MILK SOLD IN JULY ADVANCED SHARPLY
OVER SIMILAR PRICES FOR THE PRECEDING
MONTH AND ALSO THE SAME MONTH LAST YEAR.
THE PRICE FOR DRY SKIM MILK AVERAGED
5.40 CENTS PER POUNDS, AN INCREASE OF
15.0 PER CENT OVER THE AVERAGE PRICE FOR
JUNE AND 50 PER CENT OVER THE AVERAGE
PRICE FOR JULY LAST YEAR. THE ADVANCE
OF DRY BUTTERMILK PRICES OVER JUNE WAS
RELATIVELY SMALL, BUT THEY WERE ABOUT
53.0 PER CENT HIGHER THAN IN JULY LAST
YEAR. CHANGES IN THE QUOTATIONS ON DRY
WHOLE MILK WERE ALL LESS PRONOUNCED.
TRADE REPORTS IN AUGUST INDICATE THAT
STILL FURTHER ADVANCES HAVE TAKEN PLACE
THIS MONTH.

STOCKS OF DRY MILK IN THE HANDS OF
MANUFACTURERS CONTINUE TO BE RELATIVELY
SMALL, THOSE OF WHOLE MILK ON AUGUST I
SHOWING A DECREASE.OF.33.7 PER CENT
UNDER THE STOCKS OF THE SAME DATE.LAST


YEAR, DRY SKIM MILK 55.1 PER CENT, AND
DRY BUTTERMILK 11.6 PER CENT. STOCKS OF
DRY WHOLE MILK AND DRY BUTTERMILK
INCREASED IN JULY BUT THOSE OF DRY SKIM
MILK DECRECASCC 3.A PER CENT. TOTAL
STOCKS OF DRY SKIM MILK REPORTED BY
MANUFACTURERS ON AUGUST I WERE ESTIMATED
AS BEING THE EQUIVALENT O- 13 DAYS
SUPPLY COMPARED WITH 31 DAYS SUPPLY ON
HAND AS OF AUGUST I, 1932.
THE PRODUCTION OF DRY MILK IN JULY WAS
SLIGHTLY IRREGULAR, THAT FOR WHOLE MILK
SHOWING A DECREASE OF 2.2 PER CENT UNDER
JULY OF LAST YEAR, BUT DRY SKIM MILK
INCREASING 3.9 PER CENT, AND DRY BUTTER-
MILK 5.8 PER CENT. ALL THREE OF THESE
COMMODITIES, HOWEVER, SHOWED SEASONAL
DECLINES UNDER THE PRODUCTION OF JUNE.
ALTHOUGH THE MANUFACTURE OF DRY SKIM
MILK AND DRY BUTTERMILK IN JULY FOLLOWED
THE TREND OF OUTPUT OF OTHER LEADING
MANUFACTURED DAIRY PRODUCTS, THE INCREASE
IN 8OTH CASES WERE SMALLER THAN THE 13.7
PER CENT REPORTED FOR EVAPORATED MILK,
8.7 PE.R CENT FOR CREAMERY BUTTER, AND
14.3 PER CENT FOR CHEESE.
THE CASEIN MARKET RULED VERY FIRM WITH
SUPPLIES SCARCE DURING THE EARLY PART
OF THE MONTH. LATER, HOWEVER, A
SLIGHTLY EASIER TONE DEVELOPED AS
PRICES DECLINED I CENT DUE Tg
ARGENTINE IMPORTS COSTING 13- TO 14
CENTS DUTY PAID NEW YORK. PRESENT
QUOTATIONS F. 0. B. ATLANTIC
ABOARD ARE: 20 TO 30 MESH
15 TO 15' CENTS; 70 TO 100 MESH
16 TO 17 CENTS.


AUGUST 1933


8ZL9 6L9O 9ZlL

I i d doI 11111 I II 111111 !I11 11 111Il lll II 1
VO"180- :1O A.IS83AINIn


---


"I '










SEPTEMBER 27, 1933.


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


DRY MILK MARKET REPORT FOR SEPTEMBER 1933
MANUFACTURERS' WHOLESALE SELLING PRICES DURING AUGUST
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.0.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 'WHLE 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.
3 30 200 12 13 953 3 4 205,048 -
3- 4 935,669 13- 14 5 1,505,103
4 4 175,695 460,042 14 15 109,075 51 6~ 433,136 22,500
4 5 1,194,019 130,625 I~I5- 7 1 166,361 6 7 40,600 70,694
5 5- 1,735,830 414,655 6 I7 320,126 7 8 5,985
5- 6 2,515,490 3,441,836
6 6 794,135 5,039,697
6k 7 16,456 1,345,841
7 7- 1,807,118
7- 8 612,846
8 8; 193,030
8 9 20,800
TOTAL 7,367,494 13,466,490 596,515 2,183,887 39,180
GRAND TOTAL 20,833.984 596,515 2,283,067
AVERAGE PRICE AUG. 1933 5.860 16.060 5.220
JULY 1933 5.400 15.530 4.930
AUG. 1932 3.780 15.330 3.400
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 36.69 PER POUND.
WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING POINTS AUGUST
DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


..BAGS BBLS..
6 7 6.5 8.5
4.35 7 4.16- 8.5
6 7 6.5 8.5
3.9 7 6.5 8.125
6 7 6.5 8.16
5 7.5 9


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

5.25

5.04


BBLS.
6.5 8
5 7.25
6.5 7.75
6 8
6.5 7.75


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDES ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM O. 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. 1933
DRY MILK IN BAG IN BARR LS TOTAL POUNDS(A) FIRMS*
(POUNDS) POUNDS
WHOLE MILK 24,020 1,549,518 2,778,468 17
SKIM MILK 4,702,419 6,195,822 10,897.241** 116
PART SKIM 0 27,838 27,838 2
CREAM POWDER 0 14,026 14,026 3
BUTTERMILK 3,051,956 138,270 3,190,226 76


I I "

zo
mj


(A) INCLUDES CASE GOODS AS FOLLOWS:- WHOLE MILK 1,204,930POUNDS.
*EQUIVALENT TO 14 DAYS' REQUIREMENTS: ON THE BASIS OF'THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS OF DRY
SKIM MILK ON SEPTEMBER I, WERE EQUAL TO APPROXIMATELY 14 DAYS'
REQUIREMENTS, IN COMPARISON WITH 13 DAYS ON AUGUST I, 1933:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
SEPTEMBER I, 1932 WERE THE EQUIVALENT OF A 27 DAYS' SUPPLY.


COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
DRYL MILK PREVIOUS YEAR PREVIOUS MONTH
D_____YM FIRMS* SEPT. I, 1933 SEPT. I, 1932 FIRMS* SEPT. I, 1933 AUG. I, 1933

WHOLE MILK 17 2,778.468 4.045,760 16 2,774,562 2,482,968
SKIM MILK 103 10,441,348 20,063,296 110 10,829,249 10,271,617
PART SKIM 2 27,838 39,182 2 27,838 41,723
CREAM POWDER 3 14,026 9,316 3 14,026 7,496
BUTTERMILK 53 2.897.502 2.865,740 66 3,117,607 2,702,533
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
SEPTEMBER 1933


WASHINGTON, D.C.






PAGE 2
PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS AUGUST

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* AUGUST 1933 AUGUST 1932 FIRMS* AUGUST 1933 JULY 1933
WHOLE MILK 17 1,239,963 534,831 16 1,077,757 1,005,412

SKIM MILK 101 18,310,450 18 '544B20 108 19.085.606 22,534.877
PART SKIM 217.477 58,182 2 17,477 13.370

CREAM POWDER 3 11,738 14,004 3 11,738 15,687

BUTTERMILK 52 3,044.G10 3,512,484 65 3,235,292 3,892,720
REPORTS INDICATE THAT AUGUST PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 20.75( BARRELS 33.95; CASES 45.30%.
DRY SKIM MILK: 41.8(8,109,259 Les) 58.2( 11,291,528 LBS
DRY BUTTERMILK: 96.80( 233 576 Les) 3.20( 106,890 LBS)
PRODUCTION DRY SKIM MILK JULY 1I33 INCLUDING LATE REPORTS)INDICATE:
BAGS 10 591 231 LBS. (46.40b).; BARRELS 12,234,847 LOa. (53.60');
TOTAL 22,826,678 POUNDS.
*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 1933

EXPORTS IMPORTS
EXPORTS TO POUNDS IMPORTS:FROM POUNDS
NORTH AMERICA EUROPE
CANADA 26 000 NETHERLANDS 121,200
GUATEMALA 6,967 UNITED KINGDOM 270
HONDURAS 5 984 SWITZERLAND 265
MEXICO 19,099 NORTH AMERICA
PANAMA 35,601 CANADA 61,909
SOUTH AMERICA
ARGENTINA 8,800
COLOMBIA 14 052
VENEZUELA 6,034
ASIA
CHINA 12,320
HONG KONG 8,000
.OCEANIA
PHILIPPINE IS. 11,788
OTHER COUNTRIES 37,053
TOTAL AUGUST 1933 191,698 TOTAL AUGUST 1933 183,644
TOTAL AUGUST 1932 315,701 T0-'.:L AUGUST 1932 26,385
JAN. AUG. (INC.) 1933 1,693,667 JAfJ. AUG. (INC.) 1933 432,010
JAN.'- AUG. (INC.) 1932 2,626,057 JAN, AUG. (INC.) 1932 380.585


CASEIN IMPORTS AUGUST
CASEIN IMPORTS JAN. AUG. (INC.)


S1933
2,968,563 LBS.
5,043,887 LBS.


1932
2,609 LBS.
766,700 LBS.


DRY MILK MARKETS SLIGHTLY WEAKER DEMAND SLOWING DOWN


LIMITED AVAILABLE SUPPLIES AND
SOME SPECULATIVE BUYING EARLY IN AUGUST
CAUSED A FURTHER PRICE ADVANCE IN THE DRY
MILK MARKETS, ACCORDING TO THE U.S.
BUREAU OF AGRICULTURAL ECONOMICS. .THE
AVERAGE PRICE OF DRY SKIM MILK REPORTED
SOLD IN AUGUST WAS 5.86 CENTS PER POUND,
AN INCREASE OF 0.46 CENTS PER POUND OVER
THE AVERAGE PRICE FOR JULY, AND 2.08
CENTS PER POUND OVER AUGUST LAST YEAR.
DRY WHOLE MILK AVERAGED 16.06 CENTS PER
POUND, 0.53 CENTS HIGHER THAN IN JULY AND
0.73 CENTS HIGHER THAN IN AUGUST A YEAR
AGO, AND DRY BUTTERMILK AVERAGED 5.22
CENTS PER POUND, AN INCREASE OF 0.29
CENTS OVER JULY AND 1.82 CENTS OVER
AUGUST LAST YEAR. SINCE THE FOREGOING
PRICES WERE REPORTED, HOWEVER, A MODERATE
REACTION SET IN, AND THE PRICE TREND
DURING SEPTEMBER WAS SLIGHTLY LOWER.
CAUSES FOR THIS MAY BE FOUND IN SOME
REPORTED INCREASE IN PRODUCTION DURING
SEPTEMBER, AND A SOMEWHAT LIGHTER DEMAND,
PART OF WHICH IS SEASONAL. SALES OF DRY
SKIM MILK FOR USE IN POULTRY FEEDS USUAL-
LY FALL OFF AT THIS SEASON OF THE YEAR,
BUT THIS YEAR SALES WERE SLOWED UP IN
ADDITION BECAUSE THE PRICE OF DRY SKIM
MILK IS HIGH IN RELATION TO THE PRICE OF
EGGS. THIS HAS CAUSED THE MARKET TO
DEVELOP A WEAKER TONE DURING THE PAST
FEW WEEKS, WHICH, WHILE NOT HEAVILY
PRONOUNCED, HAS1BEEN SUFFICIENT TO CAUSE
PRICES TO WORK -3 TO Ij CENTS LOWER.

THE STATISTICAL POSITION OF THE
MARKET CONTINUES TO BE STRONG, HOWEVER,
WITH STOCKS OF DRY SKIM MILK IN THE HANDS
OF MANUFACTURERS ON SEPTEMBER I AMOUNTING
TO ONLY 10,897,241 POUNDS. THESE STOCKS
REPRESENT APPROXIMATELY 14 DAYS SUPPLY,
A SLIGHT INCREASE OVER THE 13 DAYS'
SUPPLY ON HAND AS OF AUGUST I, BUT ONLY


ABOUT HALF AS LARGE AS THE 27 DAYS'
SUPPLY HELD ON SEPTEMBER I LAST YEAR.
STOCKS OF DRY WHOLE MILK AND DRY PART
SKIM MILK WERC SMALLER THAN ON SEPTEMBER I
LAST YEAR, BUT STOCKS OF DRY BUTTERMILK
AND CREAM POWDER SHOWED SOME INCREASE.
THE PRODUCTION OF DRY SKIM MILK IN
AUGUST, THE LAST MONTH FOR WHICH DEFINITE
INFORMATION IS AVAILABLE, WAS 1.3 PER
CENT SMALLER THAN IN AUGUST 1932, AND
15.3 PER CENT LESS THAN IN THE PRECEDING
MONTH OF JULY. THE PRODUCTION OF DRY
BUTTERMILK WAS 13.3 PER CENT LESS THAN A
YE/i' EARLIER AND 16.9 PER CENT SMALLER
TH-AN IN JULY. NO SPECIFIC INFORMATION
IS At; YET AVAILABLE ON THE SEPTEMBER
PRODUCTION;, BUT IT IS COMMONLY REPORTED
THAT IT IS SOMEWHAT LARGER THAN IN 1932.
THE CASEIN MARKET IN SEPTEMBER
WAS MOSTLY, QUIET, WITH PRICES REGISTER-
ING A MODERATE DECLINE. SALES IN CARLOAD
LOTS REPORTED AT 14 CENTS ON 30 MESH,
AND 15 CENTS ON 70 TO 100 MESH, FO. 01B.
ATLANTIC SEABOARD. JOBBING LOTS ARE 3
TO I CENT OVER THE WHOLESALE PRICES.
CASEIN DEALERS ARE NOW FOLLOWING
A VERY CAUTIOUS POLICY, FOR WHILE
DOMESTIC PRODUCTION IS LIGHT,
THE FACT THAT ARGENTINA PRODUCERS'
ARE NOW APPROACHING THEIR SEASON
OF FLUSH PRODUCTION MAY RESULT
IN MORE LIBERAL SUPPLIES FROM
THAT SOURCE IN THE NEAR FUTURE.
THE EXTENT OF SUCH IMPORTATIONS
WILL, OF COURSE, BE GOVERNED TO
A LARGE DEGREE BY THE EXCHANGE
RATES.


SEPTEMBER 1933


9L89 6L90 Z9L c

VI(O1"I do0 AiIS 3AINn










OCTOBER 27, 1933.


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


WASHINGTON, D.C.


COVER
F.O.B.
MAY BE


DRY MILK MARKET REPORT FOR OCTOBER 1933
MANUFACTURERS' WHOLESALE SELLING .PRICES DURI N SEPTEMBER

THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
NG ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
IN PART ATTIRIITFD TO DIERENCES IN MUll ITV O R GRADE OF PRODUCT GOLD.


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.
2 30 10,842 15 15- 98,150 3- 4 0 226,850 -
3 3- 2,000 15 16- 303,173 4- 5- 1,276,105
S 4 23,968 I6- 17 216,092 5 6 893,585 54,250
4 4 255,139 7- 57,850
4- 5 1,104,899 601,600 7- 8 7,310
5 5- 1,515,230 478,197
5- 6 1,143,960 823,897
S 61 963,378 730,308
1- 7 424,335 5,463,162
7 7- 11,523 2,048,340
S- 8 1,518,514
3 8 241,770
8 -- 89,445
TOTAL 5,455,274 11,995,233 617,415 2,396,540 119,410
3RAND TOTAL 17,450,507 617,415 2,515,950
AVERAGE PRICE SEPT.1933 6.280 16.02 5.120
S AUG. 1933 5.860 6.0Q6 5.220
SEPT. 1932 4.020 Th.5 3.350


DRY WHOLE


WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
MILK (I LB. CANS) 36.440 PER POUND.
WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING POINTS SEPTEMBER
DRY SKIM M.LK
(CENTS PER LB.)


3OSTON
JEW YORK
IHILADELPHIA
HICAGO
CLEVELAND
ST. LOUIS


BAGS
5.25 6.75
5 6.75
5.25 6.75
4 6.75
5.97 6.75
4.5


BBLS.
6 8.75 KANSAS CITY
4.84 9 SEATTLE
6 8.75 PORTLAND
6.5 8.125 Los ANGELES
7 8.5 SAN FRANCISCO
7 8.5


BAGS

5

5.03 5.4


BBLS.
6.75 8.5
7 8.5
7.75 8.25
7.5 9
7.75 8.25


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
DWN 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 OCTOBER I 1933
DRY MILK IN BAG IN BARRED TOTAL POUNDS(A) FIRMS*
POUNDS POUNDS

WHOLE MILK 12,150 1,699,390 2,766,605 15 _
SKIM MILK 5,374,816 6,714,913 12,089,729** 116 lu
PART SKIM 0 47,422 47,422 2 0
CREAM POWDER 0. 33,731 33,731 3 2
BUTTERMILK 3,233,154 99,184 3,332,338 69
(A) INCLUDES CASE GOODS AS FOLLOWS:-WHOLE MILK 1,055,065 POUNDS.
**EQUIVALENT TO 16.DAYS' REQUIREMENTS: ON THE DASIS OF THE
AVERAGE DAILY.REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS OF DRY
SKIM MILK ON OCTOBER I, WERE EQUAL TO APPROXIMATELY 16 DAYS'
REQUIREMENTS,' IN COMPARISON WITH 14 DAYS ON SEPTEMBER I, 1933:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
OCTOBER I, 1932 WERE THE EQUIVALENT OF A 24 DAYS' SUPPLY.
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* OCT. 1, 1933 OCT. I, 1932 FIRMS* OCT. I 1933 SEPT. 1933
WHOLE MILK 15 2,766,605 3,718,103 15 2,766,605 2,778,468
SKIM MILK 108 11,775,968 15.858,675 113 12,025,329 10,168,024
PART SKIM 2 47,422 28,738 2 47,422 27,838
CREAM POWDER 3 33,731 4,978 3 33,731 14,026
EUTTERMILK 55 3,154,615 2,010,909 69 3,332,338 3,179,378
FIGURES SHOWING NUMBER OF FIRMS DO.NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.-
CCTOBER 1933







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS SEPTEMBER


INCLUDES REPORTS FROM PRINCIPAL-FIRMS OPERATING DRY MILK FACTORIES IN rTHF
UNITED STATES.
COMPARISON OF PRODUCTION POUNDS) FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY VI LK
FIRMS* SEPT. 1933 SEPT. 1932 FIRMS* SEPT, 1933 AUG. 1933

WHOLE MILK 15 825,968 594,878 15 825,968 1,239,963

SKIM MILK 107 17,839.600 15,737,466 112 18,386,370 18,388,284

PART SKIM 2 '67,317 10,839 2 '67,317 17,477

CREAM POWDER 3 25,111 324 3 25,111 13,291

BUTTERMILK 55 2,344,270 2,126,232 70 2,717,619 3,279,382
REPORTS INDICATE THAT SEPTEMBER PRODUCrION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 16.821 BARRELS 54.14 CASES 29.04 .
DRY SKIM MILK: 39.40 (7,293,075 LBS) 60.40( 11,216,795 LBS
DRY BUTTERMILK: 96.95~(2,634 687 Les) 3.05( 82,932 LS).
PRODUCTION DRY SKIM MIK A ST 33 EVSED AND INCLUDING LAT REPORTS)INDICATE
BAGS 7,501 183 LBS. (39.84o); 8 ARRELS 11,326,755 Las. (60.16 );
TOTAL 18,827,938 POUNDS.
*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 SEPTEMBER 1933

EXPORTS IMPORTS
EXPORTS Td POUNDS IMPORTS FROM POUNDS
NORTH AMERICA EUROPE
CANADA 9,365 GERMANY 529
HONDURAS 5,713 UNITED KINGDOM 486
MEX ICO 28,439 NORTH AMERICA
NETHERLAND WEST INDIES 4,344 CANADA 22,500
PANAMA 6,330
SOUTH AMERICA
COLOMBIA 8,347
VENEZUELA 12,580
ASIA
CHINA 8,485
HONG KONG 4 210
SIAM 3,090
OCEANIA
PHILIPPINE IS. 68,977
OTHER COUNTRIES 23,932
TOTAL SEPTEMBER 1933 183,8G2 TOTAL SEPTEMBER 1933 23,515
TOTAL SEPTEMBER 1932 256,309 TOTAL SEPTEMBER 1932 42,837
JAN. SEPT. INC.) 1933 1,877,529 JAN. SEPT. (NC.) 1933 455,525
JAN. SEPT. (INC.) 1932 2882,366 JAN. SEPT. (INC. .1932 423j422


CASEIN IMPORTS SEPTEMBER
CASEIN IMPORTS JAN. SEPT.


(INC. ).


1933
1,452,027 Las.
6,495,914 L3s.


1932
142,825 LBS.
909,525 LBS.


DRY MILK MARKET SLIGHTLY NERVOUS


AND UNSETTLED TRADING SLOW


THE ACTIVITY CHARACTERISTIC OF THE
DRY MILK MARKET FOR THE PAST SEVERAL
MONTHS WAS MARKEDLY ABSENT IN OCTOBER,'
ACCORDING TO THE U.S., BUREAU OF AGRICUL-
TURAL ECONOMICS. AN EASIER TONE GRADUALLY
DEVELOPED AS THE MONTH PROGRESSED,.
ALTHOUGH .O FAR IT HAS NOT BEEN REFLECTED
IN ANY EXTENSIVE PRICE CHANGES. POSSIBLY
FURTHER ANTICIPATED IMPROVEMENT IN THE
GENERAL BUSINESS SITUATION WITHIN THE NEXT
FEW MONTHS MAY CAUSE THE PRESENT RECESSION
TO PROVE ONLY TEMPORARY. UP TO THE FIRST
OF OCTOBER, HOWEVER, THE TREND OF PRICES
HAD BEEN UPWARD WITHOUT INTERRUPTION SINCE
LAST SPRING CULMIN,.TING IN A SEPTEMBER
AVERAGE OF 6.28 CENTS PER POUND FOR DRY
SKIM MILK (SULK GOODS), WHICH WAS AN
INCREASE OF 2.39 CENTS PER POUND FROM LAST
MARCH, COMPARED TO AN INCREASE OF .17
CENTS PER POUND FOR THE SAME PERIOD LAST
YEAR. IT IS HARDLY POSSIBLE TO POINT OUT
ANY DEFINITE CAUSE OR CAUSES FOR THE
SLIGHTLY UNSETTLED CONDITION OF THE
MARKET IN OCTOBER, EXCEPT, PERHAPS, THAT
BUYERS TURNED VERY CONSERVATIVE, AND WERE
UNWILLING TO BUY AT PREVAILING QUOTATIONS
EXCEPT FOR THE MOST PRESSING REQUIREMENTS.

STATISTICALLY, THE MARKET IS STILL
LN A FAIRLY STRONG POSITION, ALTHOUGH NOT
QUITE SO MUCH AS A MONTH AGO. THE SLOW-
ING OF SALES AS BUYERS DRAW MORE HEAVILY
UPON RESERVES ACCUMULATED LAST SUMMER IS
CAUSING SOME PILING UP OF STOCKS IN THE
HANDS OF MANUFACTURERS, STOCKS OF DRY
SKIM MILK REPORTED AS OF OCTOBER I SHOW-
ING AN INCREASE OF ABOUT 18.0 PER CENT
OVER THOSE OF SEPTEMBER I, INSTEAD OF
FOLLOWING THE USUAL SEASONAL DECLINE.








OCTOBEF
.ZOL 6ZL80 L 9OZ -

VOi8IO:-I:0 ALIS83AINn


TOTAL STOCKS REPORTED BY MANUFACTURERS ON
OCTOBER I REPRESENTED 16 DAYS CONSUMPTION
REQUIREMENTS COMPARED TO 14 DAYS ON
SEPTEMBER I, THIS YEAR, AND 24 DAYS ON
OCTOBER I A YEAR AGO. ALTHOUGH STILL
CONSIDERABLY UNDER LAST YEAR'S STOCKS OF
.CORRESPONDING DATE, THE TREND OF THE PAST
FEW MONTHS HAS BEEN FOR THIS MARGIN TO
NARROW.
.SOME OF THE ACCUMULATION OF STOCKS
BY MANUFACTURERS IS ALSO DUE TO AN
EXPANSION IN PRODUCTION. THE PRODUCTION
FOR SEPTEMBER BASED UPON THE REPORTS OF
101 DRY SKIM MILK MANUFACTURERS INDICATES
AN INCREASE OF ABOUT 13.4 PER CENT OVER
THE PRODUCTION OF SEPTEMBER, LAST YEAR,
AND WAS PRACTICALLY AS LARGE AS THAT OF
AUGUST, WHEN USUALLY THERE IS A CONSIDER-
ABLE SEASONAL DECLINE BETWEEN THE TWO
MONTHS. PRODUCTION OF DRY WHOLE MILK IN
SEPTEMBER WAS 38.8 PER CENT LARGER THAN
THAT OF A YEAR EARLIER, AND DRY BUTTER-
MILK 10.2 PER CENT LARGER. THESE
INCREASES WERE SOMEWHAT OF A REVERSAL OF
THE GENERAL TREND OF PRODUCTION SINCE
E/\RLY SPRING, WHICH HAD BEEN GENERALLY
UNDER THAT OF LAST YEAR.

THE CASEIN MARKETS CONTINUED TO
EXHIBIT A GENERALLY EASIER TONE IN
OCTOBER. BUYING HAS SLACKENED CONSIDER-
ABLY, AS MANY WHO HAD BOUGHT AT LOWER
PRICES LAST SPRING AND SUMMER BEGAN TO
DRAW MORE FREELY UPON THEIR OWN STOCKS.
THE DEMAND FOR PAPER COATING IS REPORTED.
O BE APPRECIABLY LOWER. CARLOTS ON
EASTERN MARKETS WERE GENERALLY QOTED AT
AROUND N I4 0 MESH; N ON I MESHI
AND 8 O O0 MESH. J 8iNG PRICES, 0
HIGHER. UOTATIONS ON, GENTINE OFFER-
INGS MOSTLY AROUND I -I DUTY PAID,
WITH TRADING ONLY MODERATE.


R 1933 -


PAGE 2








NOVEMBER 28, 1933.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR NOVEMBER 1933
MANUFACTURERS' WHOLESALE SELLING PRICES DURING OCTOBER
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBDERS, 'HOLESALE,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 DUALITY OR GRADE OF PRODUCT SOLD.


DRY SKIM MILK
(BULK GOODS)


REPORTED SALES
POUNDS-
IN BAGS IN BBLS.


49,1"9
1,412,964
945,860
2,195,907
1,358,251
180,710
2,050


103,900

46,949
49,267
860,470
4,627,123
5,020,915.
1,374,856
S,435,813
61,000


DRY HOLEE MILK
(BULK GOObDS)


4 --,\ .


REPORTED SALES

PRICE POUNDS


13
14-
15
16


19


12 -
12-
13| -
14--



18:--


6,008

169,400
30,183
258,438
445,854

585


* DRY BUTTERMILK
(BULK GOODS)


PRICE


7.
81


REPORTED SALES
POUNDS
IN BAGS' IN BBLS.


424,994
1,240,264
78,948


16,375
64,838
10,965
15,140


TOTAL 6,144,931 13,580,293 910,468 1,774,206 107,318
GRAND TOTAL 19,725,224 910,463 1 1,851,524
AVERAGE PRICE OCT. 1933 6.82, 15,650 4.810
SEPT.1933 6.23( 16.020 5.120
OCT. 1932 4.021 15.03 3.46


WHOLESALE PRICES REPORTED ON CASE GO
DRY WHOLE MILK (I LB. CANS) 36.04 PER POUND.


ODS WERE AS FOLLOWS:


WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING POINTS


- OCTOBER


DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
5.7 6.75
4.75 6.75
5.36 6.75
5 6.75
6.75
4.75


BBLS.
7.5 8.5
8.75 9
6.53 8.5
5 9.75
7 -8.5
7 -8.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES.
SAN FRANCISCO


BAGS 8BLS.
8 8.5
5 6.25 6.5 8.75
6.9 8.25
4.2 4.895 7.227- 8.25
7.5 8.25


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, I.N.STORAGE OR IN TRANSIT UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED..


CLASSES OF
DRY MILK


IN BAGS
(POUNDS


TOTAL STOCKS ON HAND
NOVEMBER I, 1933


IN BARRELS
(POUNDS)


TOTAL POUNDS(A) FIRMS*


WHOLE MILK 89,292 1,301,145 2,770,936 17
SKIM MILK 7,958,248 9,268,730 17,271,782** 126
PART SKIM 0 57,021 109,068 3
CRE,~ POWDER 0 40,633 40,633 3
BUTTERMILK 4,182,364 113,102 4,295,466 73


-J
U-

ar
i4

=OL___ -


(A) INCLUDES CASE GOODS AS FOLLOWS:- WHOLESALE MILK 1,080,499
POUNDS; SKIM MILK, 44,804 POUNDS; PART SKIM, 52,047 POUNDS.
**EQUIV,\LENT TO 23 DAYS' REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS OF DRY
SKIM MILK ON NOVEMBER I, WERE EQUAL TO APPROXIMATELY 23 DAYS'
REQUIREMENTS, IN COMPARISON WITH 16 DAYS ON OCTOBER I, 1933:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
NOVEMBER I, 1932 WERE THE EQUIVALENT OF A 23 DAYS' SUPPLY.


COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREV I OS"MONT'" *
DRY L FIRMS* NOV. 1,1933 Nov. I1,1932 FIRMS* Nov. 1,1933 OCT. 1,1933

WHOLE MILK 14 2,688,408 3,459,037 15 2,768,408 2,941,116
SKIM MILK 106 16,454,752 14,725,939 113 16,849,401 12,085,026
PART SKIM 3 109,068 77,478 3 109,068 105,693
CREAM POWDER 3 40,358 5,067 3 40,358 33,731
BUTTERMILK 54 4,119,368 1,912,728 69 4,268,407 3,307,738
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


NOVEMBER 1933


1


I


I I


I I


. ..- -- f -, I It


il


: .






PAGE 2
PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS OCTOBER

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


CLASSES OF
DRY MILK


COMPARISON OF PRODUCTION


PREVIOUS YEAR


FIRMS*I


OCT. 1933


OChT 1932


(POUNDS) FOR SAME FIRMS


PREVIOUS MONTH


F I RMR*


OCT. 1933


SEPT. 1933


WHOLE MILK 15 899,325 512,575: 16 994,725 964,008

SKIM MILK 102 9,;735,876 16,322,266 112 20,463,007 18,475,398

PART SKIM 2 82,749 223,781 2 82,749 67,317

CREAM POWDER 2 13,:181 9 ,9090 2 13,181 25,111

BUTTERMILK 53 2;4S6,208 2,185,.80 69 2,632,238 i 2,718,533
REPORTS INDICATE -THAT OCTOBER PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 11.80 BARRELS 63.225 CASES 21.98%.
DRY SKIM MILK: 38.75 (8,283,892 LBS) 61.25E( 13,091,354 LBS)
DRY BUTTERMILK: 96.07(2,538,294 LBS) 3.93 ( 103,844 LBs)
PRODUCTION DRY SKIM MILK SEPTEM ER, 9~33 (REVISED AND INCLUDING LATE REPORTS)
INDICATE: BAGS 7,397,90 LBS. (39.60o); BARRELS 11,282,495 LBS. (60.40,);
TOTAL 18,680,485 POUNDS.
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


EXPORTS AND IMPORTS OF DRY


EXPORTS
EXPORTS TO
NORTH AMERICA
JAMAICA
MEXICO
NETHERLAND W. INDIES
PANAMA
SOUTH AMERICA
BRAZIL
ARGENTINA
COLOMBIA
VENEZUELA
ASIA
CHINA
JAPAN
OCEANIA
PHILIPPINE IS.
OTHER. COUNTRIES


POUNDS

4,972
7,592
6,414
14,437

18,850
19 400
9,477
13,214

6,375
40,605

39,096
34,387


MILK DURING OCTOBER 1933
IMPORTS
IMPORTS FROM
EUROPE
UNITED KINGDOM
NORTH AMER ICA
CANADA


POUNDS

729

12,600


TOTAL OCTOBER 1933 214,819 TOTAL OCTOBER 1933 13,329
TOTAL OCTOBER 1932 177,812 TOTAL OCTOBER 1932 67,039
JAN. OCT. (INC.) 1933 2,092,348 JAN. OCT. INC.) 1933 468,854
JAN. OCT. (INC.) 1932 3,060,178 JAN. OCT. (INC.) 1932 490,46G


CASEIN IMPORTS OCTOBER
CASEIN IMPORTS JAN. OCT.


1933
1,225,304 LBS.
7,721,718 LBS.


(INC.)


1932
25,311 L s.
934,336 LBs.


DRY MILK MARKETS HOLDING FAIRLY STEADY


ALTHOUGH THE STATISTICAL POSITION
BECAME SLIGHTLY LESS FAVORABLE IN
NOVEMBER THAN A MONTH EARLIER, THE DRY
MILK MARKET HELD FAIRLY STEADY, SAYS THE
UNITED STATES BUREAU OF AGRICULTURAL
ECONOMICS. PRICE CHANGES WERE ONLY
MINOR. TRADING WAS NOT QUITE AS ACTIVE
AS IN PRECEDING MONTHS, WITH PERHAPS THE
MOST OUTSTANDING FEATURE BEING THE HEAVY
BUYING OF WHOLE MILK POWDER AROUND THE
FIRST OF THE MONTH, MOSTLY BY CONFECTION-
ERIES AND BAKERIES WHICH REPORT A GOOD
PICK UP IN THEIR BUSINESS. SKIM MILK
POWDER SEEMED TO BE IN LESS DEMAND, AS
BUYERS APPEARED TO BE FOLLOWING A HAND-
TO-MOUTH POLICY, AT THE SAME TIME USING
UP STOCKS BOUGHT AT CONSIDERABLY LOWER
PRICES EARLIER IN THE SEASON. SUPPLIES
WERE AMPLE AT ALL TIMES, WITH SOME
TENDENCY TOWARD ACCUMULATIONS.

PRICES ON DRY SKIM MILK CONTINUED
TO ADVANCE THROUGH OCTOBER. MANUFACTUR-
ERS' WHOLESALE PRICES OF ALL DRY SKIM
MILK (BULK GOODS) REPORTED SOLD IN THAT
MONTH AVERAGED 6.82 CENTS PER POUND, AN
ADVANCE OF 0.58 CENT PER POUND OVER THE
SEPTEMBER AVERAGE PRICE. THIS PRICE OF
6.82 CENTS IS THE HIGHEST FOR ANY MONTH
SINCE OCTOBER, 1930 WHEN THE PRICE WAS
EXACTLY THE SAME. ALTHOUGH DEFINITE
INFORMATION IS NOT AVAILABLE, IT IS NOT
BELIEVED THAT THE PRICE OF DRY SKIM MILK
IN NOVEMBER WILL SHOW MUCH CHANGE IN
EITHER DIRECTION FROM THAT OF OCTOBER*
IT IS REPORTED THAT DEALERS ARE HOLDING
QUITE CLOSELY TO THE MARKETING AGREEMENT
REGULATIONS AND PRICES. THE AVERAGE
WHOLESALE PRICE OF DRY WHOLE MILK IN
OCTOBER WAS 15 65 CENTS PER POUND:,.A
DECLINE OF 0.57 CENT PER POUND FROM THE
AVE....GE P.rICE OF PTEMBEk. THE AVERAGE
PRICE FO.; D',Y BUTTERMILK 'S CENTS
PER POUND, n, D0C..:..SE OF .31 OENT PER
POUND;
LESS ACTIVE BUYING OF DRY SKIM
MILK IN OCTOBER COMPARED WITH OCTOBER A


YEAR ;\GO, TOGETHER WITH A SUBSTANTIAL
I::CREASE IN PRODUCTION, CAUSED A VERY
SHARP INCREASE IN STOCKS ON HAND REPORTED
BY MANUFACTURERS.- ON NOVEMBER I SUCH
STOCKS WERE 11.7 PER CENT HEAVIER THAN
A YEAR EARLIER, WHEREAS ON OCTOBER I A
SIMILAR COMPARISON SHOWED A DECREASE OF
25.7 PER CENT. NORMALLY THERE IS A
DECLINE IN STOCKS FROM OCTOBER TO
NOVEMBER, BUT THIS YEAR THERE WAS AN
INCREASE OF 39.1 PER CENT. STOCKS OF
DRY WHOLE MILK CONTINUED SMALLER THAN A
YEAR AGO, BUT THOSE OF DRY BUTTERMILK
WERE 215.0 PER CENT HEAVIER. ON THE
BASIS OF THE AVERAGE DAILY REQUIREMENTS
FOR THE PAST YEAR, AS CALCULATED"FROM
REPORTS MADE TO THIS BUREAU, STOCKS OF
DRY SKIM M,LK AVAILABLE ON NOVEMBER I
WERE EQUAL TO APPROXIMATELY 23 DAYS'
REQUIREMENTS, COMPARED TO 16 DAYS1
REQUIREMENTS ON OCTOBER I, 1933, AND 23
DAYS ON NOVEMBER I, 1932.
HEAVIER PRODUCTION IN OCTOBER THAN
A YEAR EARLIER WAS REPORTED FOR ALL
CLASSES OF DRY MILK. PRODUCTION OF DRY
WHOLE MILK SHOWED AN INCREASE OF 75 PER
CENT, DRY SKIM MILK 21 PER CENT, :AND DRY
BUTTERMILK 14 PER CENT.

THE CASEIN MARKET HELD FAIRLY
STEADY DURING NOVEMBER. TRADING WAS
QUIET WITH SALES MOSTLY OF SMALL TO
MEDIUM SIZED LOTS. STOCKS ARE NOT
PARTICULARLY HEAVY, BUT DEMAND IS
LIMITED BECAUSE OF LOW PAPER PRINT OUT-
PUT AND THE FACT THAT MANY LARGE USERS
ARE NOW USI-NG SUPPLIES BOUGHT A FEW
MONTHS AGO. CARLOTS ON EASTER MARKETS
WERE GENERALLY QUOTED AT 13-13 CENTS
PER POUND ON 30 MESH; 13- TO 1I CENTS
AN 70 MESH AND 14-j4 CENTS ON 10 MESH.
OBBING SALES WE E 0 CENT ABOVE
CARLOT PRICES. THESE PRICES ARE SLIGHTLY
LOWER THAN THOSE REPORTED A MONTH AGO.


NOVEMBER 1933


I I illi ii IIl I II IZ
VaOi 1 do:10 AIISF:AINn


'


-.. I -. -..








DECEMBER 29, 1933.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR DECEMBER 1933
MANUFACTURERS' WHOLESALE SELLING PRICES DURING NOVEMBER
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
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.
2- 3. 2,408 12 12 5,781 3 3 53,500 -
3 3- 103,607 21i 3 301,750 3 4-4 277,885 -

4 4; 1,526,195 8,050 14- 15 78,280 5 617,681 31,340
4 5 950,929 15,000 15 6 432,950 6 7 155,753
5 5,j 2,511,498 6- 7 36,857 7 8 9,660
S- 6 121,328 88,435 174 8 6,331
6 6k 31,372 1,545,589
6 7 1,300 2,968,838
7 7k 2,050 4,878,958
7 8 1,552,855
8 8 591,989
8 9 135,225
9 9- 60,600
TOTAL 6,007,361 11,875,539 896,599 2,091,805 196,753
GRAND TOTAL 17,882,900 896,599 2,288,558
AVERAGE PRICE NOV. 1933. 6.230 14.82 4.820
OCT. 1933 6.820 15.650 4.810
NOV. 1932 3.920 14.80I 3.38,
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 35,99 PER POUND.
WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING POINTS NOVEMBER


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
5.5 -7
4.75 7
5.125 7
4.5 7
7
4 -5 5


DRY SKIM MILK
(CENTS PER LB.)
BBLS.
7 9.25 KANSAS CITY
6,5 9.25 SEATTLE
4.5 9.25 PORTLAND
5 9,75 Los ANGELES
7 8.5 SAN FRANCISCO
7 8.5


BAGS

4,75 5

3.71 4
4


BBLS,
8 8,5
5 7,75
7.75.
7.227 9.5
7.5 8.25


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 DECEMBER I, 1933
DRY MILK IN BAGS IN BARRED TOTAL POUNS(A) FIRMS*
PouN (POUNDS
-!.H4OLE MILK 82,113 1,784,918 2,660,629 16 l-
SKIM MILK 8,100,295 11.,424,239 19,525,184** 126 _
PART SKIM 0 95,152 95,152 2 0
CREAM POWDER O0 35,617 35,617 3 12o -
BUTTERMILK 4,051,455 219,439 4,270,894 77
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 793,598 POUNDS;
SKIM MILK 650 POUNDS.
**EQUIVALENT TO 26 DAYSI REQUIREMENTS; ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED FROM
REPORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS OF DRY
SKIM MILK ON DECEMBER I, WERE EQUAL TO APPROXIMATELY 26 DAYS'
REQUIREMENTS, IN COMPARISON WITH 23 DAYS ON NOVEMBER I, 1933:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HANB
DECEMBER 1, 1932 WERE THE EQUIVALENT OF A 21 DAYS' SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CRYSSS LK PREVIOUS YEAR PREVIOUS MONTH
SFIRMS* DEC. 1,1933 DEC. 1,1.932 FIRMS* DEC. 1,1933 Nov. 1,1933
WHOLE MILK 13 2.577.80Q 2,671,108 16 2,660.629 2,572,490
SKIM MILK 104 18,750,916 13.686,429 121 19.430,363 17.043 550
PART SKIM 2 9515528 2 95.152 57,021
CREAM POWDER .3 35.617 5 172 3 35,617 40,633
BUTTERMILK 56 890.440 2.639.018 75 4,263,399 4,287,866


FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESEI
FIRMS OPERATE MORE THAN ONE FACTORY,
DECEMBER 1933


NT NUMBER CF FACTORIES SINCE SOME


4':: '
::


*F







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS NOVEMBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES,
ill 111110111F OS &-SA ~ME
CLASSES OF -w).; 019,
DRY MILK O PRC.UCt ION DRY LK PREV I OUS MONTH
RMSl R 'OUS YEAR -- ---- -- 1933
WHOLE--ML.K 1 -5 --'.933 I Nov. 1 932 F. IRMS- O i
RSKIM --_ -349 631., 17 212 305

CREAM POWDER 9 8 2 62 120,9924
IS 8 6 32



.T..---- "-----. 149 4 2,266,996 .-
.EK-- 5 2 ^" 75 ,02 31..84 2L2 3-52 784
DRY KIM O INDICATE THAT NOVEMBER PRODUCTION WAS PACKED AS FOLLOWS 7
DRY WHOLE ML.:- BAGS 8.9. BARRELs 7362 CE 747
DRY BUTTERMILK: II 3 6,917684 LSA) E 1
PRODUCTION DRM S 8964 ,o2,098 654 LBS) I" I3o,3 1CATE
BAGS 8-458"10 'KIM MI O CT ., 1 33 (I NcLUDING LATE REF RTS,) "
OTAL ,4 LBS. t r3902 13,219,F4. .
T, 6r( POUNDs -- -- R SINCE. SO14 ME
FIGURES SHOWING NUMBER OF FiRMS DO NOi RLPRELN.I N',ML=ER Or F.TORE. SINCE SOME
FIRMS OPEPr MORE THAN ONE FACTORY.

R SPORTS AND J'_irTORT OF DRY MI 1.K nURI.NG NOVEMBPFR .
89vD .6D+ P R, I Mi DnRTS


EXPORTS TO bPOlO POD
NORTH MERICA. P
HONDURAS 5 479
NETHERLAND W. IIDIES 5 023
eANAMA I8,536.
SOUTH AMERICA
ARGENTINA 16,000
BRAZIL 21,200
OLOMBIA .9,541
SENEZUELA 6,650
AS
HINA 17,879
oAPAN 20,125
J ['PHILIPPINE Is. 41 115.
, -HER COUNTRIES 34,590
.TOY-A N'OVEMBER 1933 196,138
TOTAL NOVEMBER 1932 290,991
JAN,-NOV. C. 1933 2 2883486
JAN.- NOV. IN _932 351 169


CASEIN IMPORTS:NOVEMBER
CASEIN IMPORTS JAN. NOV. (INC,)


.uvo%_2
IMPORTS FROM
EUROPE
LINI TED KI N,'G-
NORTH AMER.1IA
U/LA i4 iA


POUNDS

348
65,190


TOTAL NOVEMBER 1933 65,53R
TOTAL.-'NOVEMBER 1932 40,OL6
JANs NOV. INC.) 1933 534,392
JAN NOV. INC). 192 __ 5302677
1933 1932 9
360,759 LBS. .:180,641 LBS.
8,082,477 LBS;. 1,115,477 LBS .


DRY MILK MARKETS EASY AND TRADING QUIET


THE DRY MILK MARKETS IN DECEMBER
DEVELOPED A SLIGHTLY EASIER TONE UNDER.
VERY QUIET TRADING AND HEAVY PRODUCTION.
TOTAL SALES REPORTED FOR NOVEMBER E-RE.
APPROXIMATELY 2,000,000 POUNDS SMALLER
THAN THE SALES REPORTED FOR-OCTOBER, AND
THE AVERAGE PRICE OF 6.23 CENTS WAS 0.59
CENT LESS THAN THE AVERAGE PRICE
RECEIVED .IN THE PRECEDING MONTH. BUYING
WAS MUCH LESS AGGRESSIVE IN RECENT MONTHS,
MOST BUYERS APPEARED TO BE CONTENT WITH
TAKING ON ONLY SMALL SIZED LOTS,
PRINCIPALLY TO PIECEE -OUT .STOCKS
ACCUMULATED LAST SUMMER AT A MUCH .LOWER.
LEVEL OF PRICES. DEALERS"GENERALLY
SEEMED TO BE-.ANXIOUS TO.KEEP SUPPLIES
MOVING INTO CONSUMPTION CHANNELS, ALTHOUGH
UNDER THE DRY MILK MARKETING AGREEMENT
PRICE DISCOUNTS TO STIMULATE A LARGER
CURRENT USE ARE NOT PERMfSSIBLE.

THE SUPPLY SIDE OF THE MARKET TOOK
GN FURTHER UNFAVORABLE APPEARANCE, AS
PRjODUCTI1IN CONTINUED TO SHOW A SUBSTANTIAL
INCREASE OVER A YEAR EARLIER,; WHILE
STOCKS IN THE HANDS OF MANUFACTURERS
PROTRAYED A MARKED TENDENCY TO ACCUMULATE.
STOCKS OF DRY SKIM MILK REPORTED BY
MANUFACTURERS AS OF DECEMBER I, CAICULAT-
ED ON THE BASIS OF THE AVERAGE DAILY
REQUIREMENTS FOR THE PAST YEAR, WERE
EQUAL TO APPROXIMATELY 26 DAYS SUPPLY.
THIS WAS A SHARP INCREASE OVER THE 23
LAYS SUPPLY REPORTED ON THE FIRST OF THF.
.-P.ECEIIHNG MOUTH, AND TILE- DAYS SU-'PLY
REPURTlIU.jA rA EFP.LJn. Lr..,os j,.r ORY


t

( 9L9 6LSZo0 Z9. C

( YViI1O7-1 o Ai0 A S1::AINn1
t- ..


WHOLE MILK, DRY PART SKIM MILK, CREAM
POWDER AND DRY BUTTERMILK, SHOWED SOME
SLIGHT DECLINE FROM THOSE OF THE
PRECEDING MONTH, BUT WITH THE EXCEPTION
OF DRY WHOLE MILK, WERE ALL MUCH LARGER
THAN A YEAR AGO.
PRODUCTION IN NOVEMBER GENERALLY
CONTINUED'AT THE HIGH LEVEL NOTED IN
OCTOBER, EXCEPT DRY BUTTERMILK, WHICH
DECLINED 3.3 PER CENT UNDER THE PRO-
DUCTION OF NOVEMBER.LAST YEAR. THE PRO-
DUCTION OF DRY WHOLE MILK INCRtASED 312
.PER CENT, POSSIBLY A REFLECTION OF THE
VERY STRONG DEMAND FOR THIS PRODUCT A
MONTH QR SO AGO, AND DRY SKIM MILK
INCREASED 20.0 PER CENT. THE OUTPUT OF
PART eKIM MILK POWDER WAS CONSIDERABLY
IN EXCESS OF THAT OF A YEAR AGO, BUT
CREAM POWDER WAS LESS.
THE CASEIN MARKET IN DECEMBER
WAS STEADY WITH VERY LITTLE ACTIVITY
REPORTED. TRADING WAS MOSTLY IN JOBBING
LOTS,-PRINCIPALLY FOR CURRENT CONSUMPTION
SUPPLIES AGAIN NOT HEAVY, BUT APPARENTLY
AMPLE FOR ALL. REQUIREMENTS. CARLOT
SALES ON EASTERN MARKETS WERE MOSTLY
MADE AT 13- CENTS PER POUND FOR 30
MESH, 14 CENTS FOR 70 MESH, AND !4--
CENTS PN 100 MESH. JORBING LOTS AT
.'\RIIUT 5 C FP'n- 1'OIiNr HI GHER.


,DECEMBER 1933


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