Dry milk market report for ...

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Title:
Dry milk market report for ...
Physical Description:
v. : ; 21 x 39 cm.
Language:
English
Creator:
United States -- Bureau of Agricultural Economics. -- Market News Service
United States -- Bureau of Agricultural Economics
Publisher:
The Dept.
Place of Publication:
Washington, D.C
Publication Date:
Frequency:
monthly
regular

Subjects

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

Notes

Statement of Responsibility:
United States Department of Agriculture, Bureau of Agricultural Economics, Market News Service.
Dates or Sequential Designation:
Apr. 1926-June 1938.
General Note:
Title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 39506362
ocm39506362
System ID:
AA00011437:00006

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


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Full Text






JANUAR, 30, '1935.


UNITED STATESiDEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
DRY MILK MARKET REPORT FOR JANUARY 1935


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING PRICES DURING DECEMBER
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBOERSf 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 I DRY WHOLE MILK DRY BUTTERMILK
(BULK GOODS) (BULK GOODS) (BULK GOOD,)
REPORTED SALES I REPORTED SALES REPORTED SALES
POUNDS PONDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
2 3 138,700 12 40,020 22- 3-0 1,373,775
3- 3 809,848 13-. 4- 480,648 3- 4- 1,182,670 -
3-- -4 4,852,448 109,800 14 15 345,202 4 5 24,229 29,148
4 4g 931,042 54,800 I5 16 279;440 5 6 29,690
4- 5 581,399 860,471 1 7 17 50,267 48,960
5 5 16,580 1,412,250 17~- 18- 1,803
5 6 392,629 3,020,637
6 86,660 6,256,255
7 105,828
7- 7 396,795
7- 8 1,015,706
TOTAL 7,809,306 13,232,542 1,197,380 2,560,674 107,798-
GRAND TOTAL 21,041,848 1__ ,197,380 2,668,472


AVER-4E PRICE
DEC. 1934
NOV. 1934
DEC. 1933


3.91 6.040
5.250
5. 195
6.15qI


14.660
14.550
14.350


3.750b F32q
3.;60
3.90t
4.474


WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS.FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 36.760 PER POUND.
WHOLESALE SELLING PRICES F.0.B. DISTRIBUTING POINTS DECEMBER

DRY SKIM MILK
(CENTS PER LS.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUis


BAGS
3.75 4.5
3.7 4.5
4.5
2.5 6
4.5
3.5 4.5


BBLS.
6.25 8.5
6 8.5
5 8.5
5.25'- 8.5
5.941- 8.5
6.5 8.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


4
4.5
4
4


I.S BBLS.
7 7.5
- 5 5.25 7,5
- 5 6.3 6.75
.5 6.61 1.5
.5 6.27 6.75


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE ALL STOCKS IN POSSESSION OF MANUFACTURERS-
REPORTING, WHETHER MANUFACTURED BY THEM QR 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.


BUTTERMILK


5.738.430


359, 32 6,093,112 74


(A) INCLUDES CASE GOODS AS FOLLOW'S: V.HOLE.MILK 776,970 POUNDS;
SKIM MILk< 1,050 POUNDS.
**EQUIVALENT TO 38DAYS' 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 JANUARY I, WERE EQUAL TO APPROXIMATELY
38 DAYS' REQUIREMENTS IN COMPARISON WITH 41 DAYS ON DECEMBER I.
1934: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
JANUARY I, 1934 WERE THE EQUIVALENT OF A 35 DAYS'- SUPPLY.


COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTA-L STOCKS (POUNODS) ON HAND FOR SAME. F RMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JAN. 1,1935 JAN. 1,1934 FIRMS* JAN. 1,1935 DEC. 1,1934
WHOLE MILK 23 2,039,279 2,881,470 23 2,039,279 2,530,'228
SKIM MILK 120 30,337,663 26,525,839 123 30,'591,065 33,'527,103
PART SKIM 2 31,614 56,336 2 31,614 44,832
CREAM POWDER 2 23:, 16 30,999 2 23,116 28,588
BUTTERMILK 69. 5,914,896 4,304,192 73 6,095,112 6,324,963


SFIGURES.SHOWING NUMBER-OF FIRMS DO NO
FIRMS OPERATE MORE THAN ONE FACTORY.


T REPRESENT NUMBER OF FACTORIES SINCE SOME

OVER)


JANUARY 1935


TOTAL STOCKS ON HAND
CLASSES OF JANUARY I, 1935
DRY MILK IN BAGS. IN BARRELS T-0AL POUNDS(A) FIRMS*
(POUNDS POUNDSG) I S
WHOLE MILK 15,012 1,247,297 2,039,279 23
SKIM MILK 12,145,913 !8,503,910 30,650,873** 125
PART SKIM 0 31,6,14 31,614 2
CREAMPOWDER 0 23,116 23,116 2


I I


I


.


BA


I1








PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS DECEMBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTC~RES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FO.R SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* DEC. 1934 DEC. 1933 FIRMs* DEC. 1934 Nov. 1934

WHOLE MILK 25 1 100, 160 I .2 ,669 23 1 100160 900,527

SKIM MILK 119 16,609.465 22,020,151 121 16,861,540 16,950,748

PART SKIM 2 5,404 18,855 2 5,404 9,377

CREAM POWDER 2 1,180 0 2 1,180 1,712


BUTTERMILK


2.521.439


2.874.685


- ~ I ---


2.555.039


2,368,677


INDICATE THAT DECMFBRF P ~I~~l A AKDA OLLOWS:


DRY WHOLE MILK: BAGS 17.1 BARRELS 73.49 CASE 9.41%.
DRY SKIM MILK: 35.04 5,935,893 LBs) 64.96&(11,004,900 LBSS
DRY BUTTERMILK: 91.93(2,348,825 LOs) 8.07 ( 206,214 LBS
PRODUCTION DRY SKIM MILK NOVEMBER 1934 (INCLUDING LATE REPORTS) BAS 6,847,028
POUNDS (39.72%); BARRELS IG,389,G15 PL.JNDS. (60.26,); CASES 6.02; TOTAL-.
17,239,704 POUNDS.
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


REPORTS I


EXPORTS AND


EXPORTS
EXPORTS TO
EUROPE
UNITED KINGDOM
NORTH AMERICA
HONDURAS
NEWFOUNDLAND & LABRADOR
PANAMA
SOUTH AMERICA
ARGENTINA
COLOMBIA
VENEZUELA
ASIA
CTI NA
OCEANIA
PHILIPPINE IS.


IMPORTS OF DRY MILK DURING DECEMBER 1934


POUNDS

2,000

7 997
14 984
27 988

16 000
6 177
20,656

10,169

36,540


IMPORTS
IMPORTS FROM
EUROPE
SWITZERLAND
UNITED KINGDOM


POUNDS

265
945


NORTH AMERiCA
CANADA


OTHER COUNTRIES 25;330
TOTAL DECEMBER 1934 167,841 TOTAL DECEMBER 1934 1,260
TOTAL DECEMBER 1933 161,846 TOTAL DECEMBER 1933 23,550
JAN. DEC. (INC.) 1934 3,110,734 JAN. DEC. (INC.) 1934 44607
JAN. DEC. INC.) 1933 2,450,332 JAN. DEC. (INC.) 1933 557,942


CASEIN IMPORTS DECEMBER
CASEIN IMPORTS JAN. DEC.


(INC.)


r034
147,708 LBS.
1,491,140 LBS.


1933
59,121 LBS.
8,141,598 LBS.


DRY MILK MARKET STEADY TO FIRM -


PRODUCTION DECLINES WHILE DEMAND


HCLDS MODERATELY FIRM


STIMULATED BY A FAIRLY STEADY TO
FIRM DEMAND, A DECREASE IN PRODUCTION
DURING DECEMBER COMPARED TO A YEAR
EARLIER, AND AN ENCOURAGING REDUCTION IN
THE STOCKS OF DRY SKIM MILK HELD BY MANU-
FACTURERS, THE DRY MILK MARKETS GRADUALLY
GAINED CONFIDENCE AS JANUARY PROGRESSED.
CONSIDERABLE SUPPORT WAS ACCORDED THE
MARKETS BY THE PURCHASE OF 3,081,000
POUNDS OF DRY SKIM MILK BY THE FEDERAL
GOVERNMENT FOR RELIEF PURPOSES. ALTHOUGH
THIS AMOUNT WAS NOT QUITE AS LARGE AS
HAD BEEN GENERALLY EXPECTED, IT IS UNDER-
STOOD THAT ADDITIONAL COMMITMENTS WILL BE
MADE SOMEWHAT LATER,

THE STATISTICAL POSITION OF THE
MARKETS SEEMS TO BE ASSUMING A .MORE
FAVORABLE TREND, WITH SUPPLIES NOW IN
GOOD SHAPE AND HELD WITH MORE CONFIDENCE
THAN A FEW MONTHS AGO. STOCKS OF DRY SKIM
MILK REPORTED BY MANUFACTURERS AS OF
JANUARY 1, 1935, EQUALLED APPROXIMATELY
'8 DAYS SUPPLY COMPARED TO 41 DAYS SUPPLY
CIH DECEMBER 1. ALTHOUGH THE JANUARY I
STOCKS WERE ABOUT 3 DAYS SUPPLY LARGER
THAN THOSE ON THE SAME DATE LAST YEAR,
THIS WAS /.N IMPROVEMENT OVER THE SITU-
ATION ON DECEMBER I WHEN THEY AMOUNTED TO
AN INCREASE OF I5 DAYS SUPPLY. STOCKS OF
DRY BUTTERMILK CONTINUE LARGER THAN THOSE
OF A YEAR EARLIER, RUT STOCKS OF DRY
WHOLE MILK ARE SMALLER,

PRODUCTION OF THE VARIOUS CLASSES
OF DRY MILK DURING DECEMBER REFLECTED THE
TREIID OF DAIRY PRODUCTION IN GENERAL,
PRODUCTION OF DRY SKIM MILK WAS 24.6 PER
CEI'rT 3 tI'.FR 1,-.AI 1 DcOr) EMOcER OF 1933,


ZOSL 680 II llll

VOi0- :O1 0 AiIS83AINn


A;D ALSO SHOWED A CONTRA-SEASONAL DECLINE
FROM NOVEMBER. THE PRODUCTION OF WHOLE
MILK DECLINED 12.8 PERCENT FROM A YEAR
EARLIER, AND DRY BUTTERMILK 12.3 PERCENT.
THE PRESENT OUTLOOK'FOR PRODUCTION
INDICATES THE POSSIBILITY OF A LESS THAN
SEASONAL INCREASE UNTIL THE 1935 GRAZING
SEASON IS AT HAND.
BOTH THE VOLUME OF SALES AND PRICES
ARE HOLDI.G FULL STEADY. A TOTAL OF
21,042,000' POUNDS OF DRY SKIM MILK WAS
REPORTED SOLD IN DECEMBER, A DECLINE OF
SLIGHTLY OVER A MILLION POUNDS FROM THE
NOVEMBER SALES. THE DECEMBER SALES DID
NOT INCLUDE ANY OF THE FEDERAL PURCHASES.
THESE WILL BE INCLUDED IN THE JANUARY
FICURLS, SO THAT SALES FOR THAT MONTH MAY
SHOW A CONSIDERABLE EXPANSION. STOCKS
REPORTED BY MANUFACTURERS AS OF FEBRUARY I
WILL LIKELY ALSO SHOW A COMMENSURATE
DECLINE.
THE CASEIN MARKET HAS WORKED INTO
A MUCH FIRMER POSITION DURING THE PAST
MONTH. TRADE HAS IMPROVED TO SOME EXTENT,
AND STOCKS ARE REPORTED AS HAVING SHOWN A
HEALTHY DECREASE. PRICES ARE SLIGHTLY
HIGHER, WITH QUOTATIONS.ON 20 TO 30 MESH
IN CARLOAD LOTS ATLANTIC SEABOARD AT 10
TO 11 CENTS. SOME OCCASIONAL.LOTS OF
EXCEPTIONALLY GOOD QUALITY ARE REPORTED
AT Il CENTS. SMALL JOBBING LOTS ARE
MOSTLY 12 CENTS FOR 30 MESH, 12- CENTS FOR
70 MESH, AND 13 CENTS FOR 100 MESH.
PRESENT SUPPLIES ARE BEING HELD CLOSELY,
AS IN MOST QUARTERS IT IS FELT THAT THE
MARKET WILL LIKELY ADVANCE TO A HIGHER
LEVEL.


JANUARY 1935


PAGE 2


_ I


.


-~-- --


---







FEBRUARY 28, 1935.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR FEBRUARY 1935
MANUFACTURERS' WHOLESALE SELLING PRICES DURING JANUARY
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS; WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK 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.
3 3-0 954,845 3- 3- 14 493,538 2 3- 353,712
32 4 2,266,538 42,300 4- 15- 427,144 3 1,350,562 3,700
4 4- 3,642,667 7,440 16- 117,184 693,875 2,100
4-. 5 697,960 90,200 I0 17- 141,151 5 -6- 3 124,044
5 5- 21,662 3,043,011 17- 8 85,250 -119,857
5 6 212,105 543,627 1 1 7- 12,200
1 7 -8 12,200
6 6 11,500 4,915,085 9- 20 907
6 7 1,117,186
7 7- 2,174,706
7 8 1,338,186
TOTAL 7,807,277 13,271,741 1,265,174 2,398,149 261,901
GRAND TOTAL 21,079,018 1,265,174 2,660.050
AVERAGE PRICE 3.960 6.20 4.150 6.360
JAN. 1935 5.370 15.220 4.370
DEC. 1934 5.250 14.66c 3.860
JAN. 1934 5.250 14.34 0 4.320


'WHOLESALE PRICES REPORTED ON
DRY WHOLE MILK (I LB. CANS) 36.690 PER


CASE GOODS WERE AS FOLLOWS:
POUND.


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
3.75 4.5
3.75 7
4.5
3.85 6
4.5
3.75 4.5


BBLS.


5
5.182
5.93
5.25


- 8.5
- 8.5
- 8.5
- 8.5


7.25
6 8.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

3.75 5
3.75 4.5
4.25
4.25


BBLS.
7 7.5
5.25 7.12
5.94 7.12
6.5 8.5
6.75 7.12


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE 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 FEBRUARY I, 1935
DRY MILK (INPBAGS) IN BARRELS TOTAL POUNDS(A) FIRMS*
POUNDS) (POUNDS)
^''LE MILK- 2,290 1,_13 5S3 I ,?50,114 22
oKI M MI LK 3 -'$177'15 17L057,710 27,778,739** 126
PAT 'S!IM __0 24284 SI6 ,394 3
1C7 PC 'DER .1 22,676 22676 3
SUTTERMILK 5,736,21 I 326,891 6,063,102 70
A) INCLUDES CASE GOODS.AS FOLLOWS: WHOLE MILK 831,241 POUNDS;
KIM MILK 43,654 POUNDS; PART SKIM 37,110 POUNDS.
**EQUIVALENT TO 34 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 FEBRUARY I., WERE EQUAL TO APPROXIMATELY
34 DAYS' REQUIREMENTS IN COMPARISON WITH 38 DAYS ON JANUARY I,
1935: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
FEBRUARY I, 1934 WERE THE EQUIVALENT OF A 35 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* 'FEB. 1,1935 FEB. 1,1934 FI'RMS* FEB. 1,1935 JAN. 1,1935
WHOLE MILK. 22 1,950,114 2,796,396 22 1,950,114 2,100,738
SKIM MILK 122 27,559,639 26,177,295 125 27,568,739 30,709,446
PART SKIM 3 61 394 91,838 3 61 394 56,464
CREAM POWDER 3 22,676 27,044 3 22,676 23,116


BUTTERMILK | 67


5.918.254


4.195.955


FR I


5.981.902


- ~--.-.--- I -'- -- -I---- A 1


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

(OVER)
FEBRUARY 1935


6.086.812


OF FACTORIES SINCE SOME

UNIV. OF FL LBi.





U.S. DEPOwTORY


-^J U ^ ^ ^ M I i n i* i "* fl -r









PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JANUARY


PAGE 2


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


CLASSES OF
DRY MILK


COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
PREVIOUS YEAR PREVIOUS MONTH
f I n T I -* I .I -


PIRMS"I


JAN. I9.5


JAN. 1934


FIRMS*V


JAN. 1z93


UEC. 1934


WROLE MILK 23 1,433,701 1,259i949 23 1,433,701 I,101,060

SKIM MILK 120: 16,917,257 21,413,657 123' 16,964,334 16,962,113

PART SKIM 2. 22,218 74,349 2 22,218 11,358

CREAM POWDER 2 558 953 2 558 1,180


BUTTERMILK


2,341.097


2.346,282


2,527,239


REPORTS INDICATE THAT JANUARY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 1.67. BARRELS 81.19C CASES 17.14$.
DRY SKIM MILK: 34.71 (5,904,439 LS) 65.22R(11,094,167 LBS) 0.07%.
DRY BUTTERMILK: 90.48%(2,143,819 LBS) 9.52/( 225,663 LBS)
PRODUCTION DRY SKIM MILK DECEMBER 1934 INCLUDED NG LATE REPORTS.) BAS 6,004,416
POUNDS (35.04%); BARRELS 11,109,095 POUNDS, (64.83%); CASES 0.13a; TOTAL
17,135,009 POUNDS.
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


EXPORTS AND
EXPORTS
EXPORTS TO
NORTH AMERICA
HONDURAS
MEXICO
NETHERLAND W. INDIES
PANAMA
SOUTH AMERICA
COLOMBIA
PERU
VENEZUELA
ASIA
CHINA
HONG KONG
OCEANIA
PHILIPPINE IS.
OTHER COUNTRIES


IMPORTS OF DRY MILK DURING JANUARY 1935


POUNDS

5,640
11,935
6,427
15,350

10,545
8,214
18,705

20,990
6,710

80,772
27,645


I PORTS
IMPORTS FROM
EUROPE
UNITED KINGDOM


POUNDS


TOTAL JANUARY 1935 212,883 TOTAL JANUARY 1935 36
TOTAL JANUARY 1934 350,870 TOTAL JANUARY 1934 47


1935
CASEIN IMPORTS JANUARY 55,467 LBS.


1934
50,338 LBS.


DRY MILK MARKET.-FIRM STATISTICAL POSITION IMPROVES AS PRODUCTION DECLINES


THE DRY MILK MARKETS IN FEBRUARY
WERE AGAIN SUPPORTED BY A FAIRLY GOOD
DEMAND, LIGHT PRODUCTION, AND DECLINING
STOCKS. THE PESSIMISM OF A FEW MONTHS
AGO SEEMS TO HAVE DISAPPEARED, AS THE
HEAVY STOCKS OF DRY SKIM MILK THEN ON
HAND HAVE GRADUALLY: .DIMINISHED. CON-
SUMPTION OUTLETS APPEAR TO HAVE BEEN
MAINTAINED, AND TO SOME EXTENT MANU-
FACTURERS ARE NOW FACED WITH THE PROBLEM
OF MAINTAINING ADEQUATE STOCKS UNTIL THE
BEGINNING OF THE SEASON OF FLUSH PRO-
DUCTION, WHEREAS A SHORT TIME AGO THEY
WERE CONCERNED PRIMARILY WITH GETTING RID
OF WHAT THEY HADON HAND. SOME SUPPORT
HAS BEEN ACCORDED THE MARKET BY FEDERAL
PURCHASES FOR RELIEF,PURPOSES.

AFTER A DECLINE THAT BEGAN EARLY
LAST SUMMER, PRICES ON DRY SKIM MILK
FIRMED IN DECEMBER AND MADE ANOTHER
SLIGHT ADVANCE IN JANUARY. TOTAL SALES
OF 21,079,000 POUNDS REPORTED BY MANU-
FACTURERS FOR JANUARY WERE-SLIGHTLY
HIGHER THAN IN DECEMBER AND AVERAGED 5.37
CENTS PER POUND, COMPARED TO 5.25 CENTS
PER POUND IN DECEMBER AND 5.25 CENTS PER
POUND IN JANUARY LAST YEAR. SALES OF DRY
WHOLE MILK WERE ALSO SLIGHTLY LARGER
THAN THOSE OF'DECEMBER, AND PRICES
AVERAGED 15.22'CENTS PER POUND COMPARED
TO 14.66 CENTS IN DECEMBER. ALTHOUGH THE
VOLUME OF SALES OF DRY BUTTERMILK HARDLY
EQUALLED THOSE OF A MONTH EARLIER, THE
AVERAGE PRICE OF THE SALES REPORTED WAS
MUCH HIGHER BEING 4.37 CENTS PER POUND
AS AGAINST 3.86 CENTS PER POUND IN
DECEMBER. CURRENT REPORTS FOR THE MONTH
OF FEBRUARY INDICATE THE POSSIBILITY THAT
THE AVERAGE PRICE OF THE FEBRUARY SALES
OF DRY SKIM MILK WILL BE SLIGHTLY HIGHER
THAN THE JANUARY .AVERAGE.

STOCKS OF DRY SKIM MILK REPORTED
BY MANUFACTURERS ON FEBRUARY I, AMOUNTED
TO 27,779,000 POUNDS, WHICH WERE:THE
EQUIVALENT OF 34 DAYS' SUPPLY COMPARED
TO 38 DAYS' SUPPLY ON JANUARY 1, 1935,
AND 35 DAY't SUPPLY ON FEBRUARY I, LAST
YEAR. THIS IS THE FIRST TIME SINCE


099L 6ZL980 91 C

vl I oI I I Al I I lll II1
V0180O1-1 -10 AIISN3IAINnI


OCTOBER, 1933, IN WHICH STOCKS REPORTED
BY MANUFACTURERS ON'THE FIRST OF EACH
MONTH DID NOT EXCEED THOSE OF. THE CORRE-
SPONDING MONTH OF THE PRECEDING YEAR.
IN VIEW OF THE DELIVERIES THAT ARE BEING
MADE ON FEDERAL PURCHASE CONTRACTS DURING
FEBRUARY, THE STOCKS OF DRY SKIM MILK ON
MARCH I, MAY SHOW ANOTHER SIZABLE DECREASE.
STOCKS OF DRY WHOLE MILK AND DRY BUTTER-
MILK DECLINED SLIGHTLY IN FEBRUARY.
STOCKS OF DRY BUTTERMILK CONTINUE TO BE
QUITE HEAVY BUT THOSE FOR DRY WHOLE MILK
ARE JUST ABOUT AVERAGE.

THE GENERALLY UNFAVORABLE
CONDITIONS OF WEATHER, LIMITED FEED
SUPPLIES, AND A SMALLER NUMBER OF COWS
ON FARMS, WHICH HAS CHECKED THE PRODUCTION
OF MILK DURING THE PAST FEW MONTHS,
CONTINUES TO HOLD THE MANUFACTURING OF
DRY SKIM MILK AND DRY BUTTERMILK TO A
LEVEL BELOW THAT OF A YEAR EARLIER. THE
PRODUCTION OF DRY SKIM MILK IN JANUARY
WAS ABOUT 21.1 PERCENT SMALLER THAN IN
JANUARY LAST YEAR, AND DRY BUTTERMILK
24,3 PERCENT SMALLER. VERY LITTLE GAIN
IN THE PRODUCTION OF THESE PRODUCTS CAN
BE EXPECTED UNTIL EARLY SPRING, WHEN MILK
PRODUCTION EXPANDS AS THE WEATHER
MODERATES AND COWS CAN TAKE ADVANTAGE OF
THE EARLY PASTURES.

THE CASEIN MARKETS DEVELOPED CON-
SIDERABLE FIRMNESS DURING THE EARLY PART
OF FEBRUARY AND PRICES WORKED GRADUALLY
TO AlHIGHER LEVEL TOWARD.THE CLOSE OF THE
MONTH, SUPPLIES ARE VERY SHORT, AND ARE
BEING CLOSELY'HELD. DEMAND REPORTED AS
SHOWING SOME SLIGHT EXPANSION, BUT THE
STRENGTH OF THE MARKET LIES PRIMARILY IN
THE LIMITED SUPPLIES. SOME CASEIN FROM
ARGENTINE WAS IMPORTED THE LATTER PART OF
THE MONTH AT A PRICE OF 8- CENTS CoI.F.
QUOTATIONS ON. CARLOTS OF 0 TO 30 MESH,
DELIVERED ATLANTIC SEABOARD POINTS,
GENERALLY 12-1 CENTS, WITH SOME OF THE
BETTER GRADES.BEING QUOTED'AT 13 CETS.
JOBBING LOTS MOSTLY AROUND 13 TO 13I
CENTS ON.20 TO 30 MESH AND 14 TO 14-
CENTS ON 70 TO 100 MESH.


FEBRUARY 1935.


_ 3 093333







MARCH 28, 1935.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR MARCH 1935
MANUFACTURERS' WHOLESALE SELLING PRICES DURING FEBRUARY
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERSS 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 DI


DRY SKIM MILK I
(BULK GOODS)


FFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY HOLEE MILK DRY BUTTERMILK
(BULK GOODS) (BULK GOODS)


REPORTED SALES REPORTED SALES
POUNDS I
PRICE IN BAGS IN BBLS. PRICE POUNDS


4
4-
5
5
6

7
71
8


471,085
1,209,404
4,303,071
506,927
15,397
62,728
204,354
392,071


281,020
1,106,785
1,675,076
I 1,139,419
1,699,577
301,275
I, 165,653


14

18-
17
19 7-


273,708
214,6S66
401,327
268,953
118,829
1 ,40


PRICE


REPORTED SALES
POUNDS
:E IN BAGS
3 81,434
4- 2i539,686
5- 128,530
6. 44,352
7 5-
p .


IN BBLS.


450
46,131
119,575
10,735


TOTAL 7,,,165,037 17,368,805 1,279,123 2,794,002 176,891
GRAND TOTAL 24,533,842 1,279,123 2,970,893
AVERAGEPRICE 4.260 6.310 4.120 6.61I
FEB. 1935 5.71 1-5.7l.14 4.270
JAN. 1935 5.370 15.22d 4.370
FEB. 1934 5.180 1 13.64 4.530
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 33.680 PER POUND.
WHOLESALE SELLING.PRICES F.O.B. DISTRIBUTING POINTS FEBRUARY


DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
4.5 4.75
4 7,5
4.5
.4 6.5
4.2 4.5
'4 4.5


BBLS.
5.96 8.5
5.51 8.5
5 8.5
5.89 8.5
6 -8
6.5 8.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS BBLS.
7.21 8
4 6 7.25
6.32 7.12
6.45 8.5
7.12 7.25


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

TOTAL STOCKS ON HAND
CLASSES OF MARCH 1935
DRY MILK IN BAG IN BARRELS TOTAL POUNDS(A)
(POUNDS) 'POUNDS) TOTAL POUNDS(A) FIRMS*
(POUNDS) POUNDS _
WHOLE MILK 3,700 960,480 1,395,059 21
SKIM MILK 9,482,902 12,247,751 21770,414** 130
PART SKIM 0 11,937 64,994 3
CREAM POWDER 0 5,228 5,228 3
BUTTERMILK 5,354,504' 321,049 5,675,553 72
A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 730,879 POUNDS;
OKIM MILK 39,761 POUNDS' PART SKIM 53,057 POUNDS.
**EQUIVALENT TO 27 DAYS REUIJIREVENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR.THE PAST YEAR, AS CALCULATED
FROM REPORTS OF THE BUREAU OF AGRICULTURALECONOMICS, STOCKS
OF DRY SKIM MILK ON MARCH I, WERE EQUAL TO APPROXIMATELY 27
DAYS' REQUIREMENTS IN COMPARISON WITH 34 DAYS ON FEBRUARY I,
1935: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON
HAND MARCH [1,:1934 WERE THE EQUIVALENT OF A 29 DAYS' .SUPPLY.
COMPARISON F.'TOTAL STOCKS REPORTED BY MANUFACTURERS'
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
__ FiRMS* MAR. 1,1935 .MAR. I,1934 FIRMs* MAR., 935,. FEB. 1,1935
WHOLE MILK 21 ,,695,059 2,234,844 21 I,S95,059 1,952,514
SKIM MILK 126 21,720,735 22,257,976 129 21,750,814 28,134,301
PART SKIM 3 64,994 107,155 3 64,994 61,394
CREAM POWDER 3 5,228' 21,769 3 5,228 22,676
BUTTERMILK 70_ 5,648,52 _389820_ .70 __67 ,553 6,064,602
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

(OVER) -
(UNIV. OF FL LH.
MARCH 1935 O ENT DEP




U.S. DEPOTQ ,


---- --v f






-(f:.UCTICN OF DRY MILKL R-'PO.TED 2S MANUFACTURERS FEBRUARY PAGE 2
INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES._


CLASSES OF
DRY MILK


WHOLE MILK


FIRMS*


COMPARISON OF PRau')!. ,T ION
PREVIOUS YEAR


FFR. I1;R'


Frn-. I::;74


. POUNDS..) _FOR S9AME F I R;.Ss
i',EVI OUS MONTH


FI


I i ---U.-II


I .202.7R4


7935.R2P


RMS*
21


FEB. 1935
1 .202784


JAN. 1S35
I .441 IC I


SKIM MILK 124 16,560,856 1,852,313 127 16,648,902 17,083,572
PART SKIM __2 25057 4,270 i 2 25057 22,218
CREAM POWDER 2 825 0 2 1825 558


BUTTERMILK


73


REPORTS .I


2.730.71-4


3,493,417 1


73


2,723,158


2,3.83,315


INDICATE THAT FEBRUARY PRODUCTION WAS PACKED AS FOLLOWS:


DRY WHOLE MILK: BAGS 8-.220 BARRELS 70.33 CASES 21.45e.
DRY SKIM MILK: 34.02' (5,681,161 LBS) 65.97 ( 11,014, 73 LBS 0.01.
DRY SUTTERMILK: 52'.64, 2,545 371' LaS) 7.36,( 202087 LBS)
PRODUCT ON -DRY SKIM MILK JANUARY ?935 (INCLUDING LATE REPORT)) BAGG 6,013,649
POUNDS (35.0Q6); BARRELs -'. 11,124,761 POUNDS, (64.87%); CA'SES' 0.07%; TOTAL
17,150,038 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 FEBRUARY 1935
EXPORTS I IMPORTS


EXPORTS TO POUNDS
EUROPE T
UNITED KINGDOM 13,000
NORTH AMERICA
CANADA 33 100
HONDURAS 11 634
MEXI CO 9,114
NETH RLAND W. INDIES 6 954
PANAMA 17 098
SOUTH AMERICA
ARGENTINA 32,000
VENEZUELA 12,546
ASIA
-CH INA 8,207
OCEANIA
PHILIPPINE IS. 15,246
OTHER COUNTRIES 64 396
TOTAL FEBRUARY 1935 223 385
TOTAL FEBRUARY 1934 1 96
77-._


JAN. FEB. (INC.) 1935


JAN. FEB. (INC.) 1934


436.268


480.836


CASEIN IMPORTS FEBRUARY
CASEIN .IMPORT: JAN. FEB. (INC.)


IMPORTS FROM
EUROPE
NETHERLANDS
SW.TZERLAND
NORTH AMERICA
-CANADA


POUNDS

30,000
370

32,000


TOTAL FEBRUARY 1935 82,370
TOTAL FEBRUARY 1934 324


JAN. FEB. (INC.) 1935 2,406
JAN. -.FEB. (INC.) 1934 371


1335
56,936 LBS.
112,403 LBS.


1934
52,586 LBS.
102,924 LBS.


DRY MILK MARKETS FIRM SALES EXPAND AND STOCKS DECREASE


DRY MILK MARKETS IN MARCH WERE I
VERY FIRM. BUYING OF DRY SKIM MILK BY
THE FEDERAL SURPLUS RELIEF CORPORATION,
AN IMPROVED DEMAND FRlM REGULAR OUTLETS,
LIGHT PRODUCTION AND A SIZABLE DECREASE
IN STOCKS WERE THE BASIS OF TI-HE IMPROVED
SITUATION. ALTHOUGH DELIVERIES ON
FEDERAL CONTRACTS HAVE HELPED MATERIALLY
TO EXPAND THE VOLUME OF TRADE OUTPUT OF
DRY SKIM MILK DURING THE PAST MONTH OR SO,.
THE INCREASE IN THE NUMBER OF BABY CHICKS
HATCHED BY COrlMERQIAL HATCHERIES SO FAR
THIS YEAR HAS STIMULATED THE BUYING OF-
DRY SKIM MILK BY COMMERCIAL'BABY CHICK
FEED MANUFACTURERS. THE POSSIBILITY, THAT
COMMERCIAL HATCHINGS FOR THE NEXT FEW '
MONTHS MAY BE REASONABLY ABOVE THOSE OF
THE SAME MONTHS LAST YEAR INDICATES THE
PROBABILITY OF A GOOD SPRING DEMAND FROM
CHICKEN FEED MANUFACTURERS. A PICK-UP IN
BUYING'WAS ALSO NOTED FROM OTHER REGULAR
SOURCES.
TOTAL SALES OF 24,534,003 POUNDS OF:
DRY SKIM-MILK WERE REPORTED BY MANUFACTUR-i
ERS TO THE U.S. BUREAU OF AGRICULTURAL
ECONOMICS FOR FEBRUARY, AN INCREASE OF
AROUND 13 PER ;ENT OVER THOSE OF JANUARY,
AND WITH THE EXCEPTION OF LAST YEAR, THE
-ARGEST FEBRUARY SALES EVER REPORTED,
MOST OF THIS INCREASED TRADE OUTPUT, OF
COURSE, CAME IN THE SALES FOR HUMAN
CONSUMPTION, THE MAJOR PART OF WHICH WERE
REPRESENTED BY DELIVERIES TO THE FEDERAL
GOVERNMENT FOR RELIEF PURPOSES. AT THE
SAME TIME PRICES MOVED UP FRACTIONALLY;
DENOTING A BETTER DEMAND FROM OTHER
SOURCES. SALES OF DRY SKIM MILK IN BAGS
ADVANCED TO 4.2 CENTS PER POUND IN
FEBRUARY FROM 3.S CENTS IN JANUARY, AND
IN BARRELS TO 6.3 CENTS FROM 6.2 CENTS PER
POUND. THE AVERAGE PRICE OF BOTH BAGS
AND BARRELS COMBINED WAS 5.7 CENTS PER
POUND COMPARED TO 5.3 CENTS IN JANUARY
AND 5.1 CENTS IN FEBRUARY OF LAST YEAR.
SALES OF DHY WHOLE MILK WERE ABOUT THE
SAME AS IN JANUARY, BUT SALES OF DRY
BUTTERMILK SHOWED A SLIGHT EXPANSION.
PRI'CES'OF DRY WHOLE MILK ADVANCED ABOUT -
CENT TO 15.7 CENTS PER POUND, BUT DRY
BUTTERMILK DECLINED FRACTIONALLY TO
4.2 CENTS.


PRODUCTION OF DRY SKIM MILK IN
FEBRUARY WAS 16.6 PERCENT LESS THAN IN
FEBRUARY LAST YEAR, DRY BUTTERMILK 21.8
PERCENT LESS, BUT DRY WHOLE MILK 51.6
PERCENT MORE. THE ESTI-MATED TOTAL U.S.
PRODUCTION OF MILK ON ROTH FEBRUARY I
AND MARCH I WAS AROUND 6 PERCENT LESS
THAN ON THE SAME DATES LAST YEAR, ACCORD-
ING TO THE U.S. CROP REPORTING BOARD,
AND AS A RESULT THE OUTPUT OF MOST DAIRY
PRODUCTS T-!IS WINTER HAS DECLINED SUB-
STANTIALLY UNDER THE LEVEL OF A YEAR
EARLIER. LITTLE IMPROVEMENT IS EXPECTED
UNTIL THE GRAZING SEASON IS WELL ADVANC-
ED, AS MOST OF THE DECREASE IN MILK PRO-
DUCTION HAS BEEN BROUGHT ABOUT BY THE
RATHER ACUTE SHORTAGE IN FEED SUPPLIES.
SALES OF DRY SKIM MILK IN FEBRU-
ARY WERE CONSIDERABLY IN EXCESS OF PRO-
DUCTION, SO THAT STOCKS HELD BY MANU-
FACTURERS:WERE AGAIN REDUCED SUBSTANTI-
ALLY. SUCH STOCKS ON FEBRUARY I WERE
ESTIMATED AS REPRESENTING 34 DAYS SUPPLY
AND ON MA;;CH I ONLY 27 DAYS SUPPLY. ON
THE SAME DATES LAST YEAR THEY EQUALLED
35 AND 29 DAYS SUPPLY, RESPECTIVELY.
WITH FURTHER DELIVERIES TO BE MADE ON
GOVERNMENT CONTRACTS IN MARCH AND A LIGHT
MARCH PRODUCTION GENERALLY EXPECTED, THE-
APRIL I REPORT ON STOCKS SHOULD SHOW
ANOTHER SIZABLE REDUCTION.
,THE CASEIN MARKETS IN MARCH HELD
FULL STEADY TO FIRM. DEMAND SHOWED SOME
IMPROVEMENT AND WAS GENERALLY MORE
ACTIVE. RESERVE STOCKS ARE LIGHT AND
PRODUCTION IS SAID NOT TO EQUAL THAT OF
A YEAR AGO. QUOTATIONS ON DOMESTIC
CASEIN IN 'CARLOTS, DELIVERED ATLANTIC
SEABOARD, MOSTLY l2, CENTS ON 30 MESH,
AND 13 CENTS ON 100 MESH. JOBBING
PRICES 2 CENT HIGHER. ARGENTINE CASEIN
OFFERED AT 8. CENTS C. I. F., BUT
ONLY SMALL IMPORTS ANTICIPATED
AND THOSE WILL GO INTO SPECIAL
TRADE CHANNELS.


6081 6LZ80 A 9OI.

I III 1 IIII I II III ll II Il I Ill IIs 11111
\I0 10'19 90 AJIS 3AINn


--~---------------L ---;-


---


-4


-f


- ------- 1


`------


1 N


I








APRIL 29, 1935


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


WASHINGTON, D.C,


DRY MILK MARKET REPORT FOR APRIL 1935
MANUFACTURERS' WHOLESALE SELLING PRICES DURING MARCH
THE WHOLESALE PRICES GJVEN 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 rSni


DRY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
BULK GOODS) (BULK GOODS (BULK GOODS)
REPORTED REPORT ALESPORTED SALES REPORTE SALES
POUNDS POUNbS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
3 3- 201,435 14 4T 39,790 2- 30 45,100-
3 4 1,015,528 4- 582,899 3 I ,834,297
4 4- 4,350,467 15,900 1 I6 384,072 4 5X 777,936 750
4- 5 1,990,848 16 17 6,231 6 525 73,458
5 51 314,067 2,076,549 17- I 8 362,747 7 .
5 6 23,073 2,111,464 7 8 10,250
6 6 194,239 2,668,927
6 7 11,634 5,544,22C
7 -.7 1,780,62
7- 8 1,049,484
8 87 538,25C
8 -- 20C
TOTAL 8,101,291 15,785,620 1,375,739 2,657,858 175,458
GRAND TOTAL 23,886,911 1,375,739 2,833,316
AVERAGE PRICE 4.360 6.420 4.260 7.110
MAAR I95 L)V, r, 7 ) A nn


'vi/.-\* I JJu
FEB. 1935
MAR. 1934


b. / ,"
5.712
5.520


15.ya0
15.71I
13.74Q


WHOLESALE PRICES REPORTED ON CASE GOOCS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) .5.240 PER POUND.


4.440
4.270
4.680


WHOLESALE SELLING PRICES F.O.B. DISTRIB-UTI G POINTS MARCH


DRY SKIM MILK
.I[ENTS PER LB.)


BOSTON
NEW YORK
PHI ADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
5
4 7.5

4 6.5
4.55
4- 5


BBLS.
6.25 1.5
5."76 8.5
5.25 5.5
5.25 8.5
7.34 8
6.4: 8


,ANSAS CITY
SEATTLE
ORTLAND
Los ANGELES
AN FRANCISCO


BAGS

2 5
4 4.25
4.25
4.25
4.25


BBLS.
7.5 8
6 7.26
6.62 7.26
5.25 8
6.77 7.5


MANJF.CTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAMD INCLUDE ALL STrCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PUF.CHASED 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 BARRELS
(PDnMnDS' TOTAL POUNDS(A) FIRMS*


TOTAL SOCKS ON HAND
APRI1 I, 1935__


IN BAGS
( p n 1 IM n f I


'HOLE MILK 35,019 758,072 1,506,561 19
SKIM MILK 7,994,761 10,729,187 18,768,042** 122
PART SKIM 0 7,704 57,014 3
CREAM POWDER 0 2,654 2,654 3


BUTT I EMIILK


5,039,603


351 1-2 T


15 SKIM MILK 44,094 POUNDS; PART SKIM 49,310 POUNDS.
_**EQUIVALENT 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 APRIL I,WERE EQUAL TO APPROXIMATELY 23
DAYS' REQUIREMENTS IN COMPARISON WITH 27 DAYS ON MARCH I,
1935: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON
HAND APRIL I, 1934 WERE THE EQUIVALENT OF A 29 DAYS' SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CLASS OF TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
PREVIOUS YEAR PREVIOUS MONTH
FIRMS* APR. 1,1I35 APR. I,1934 FIRMs* APR, 1,1935 MAR. 1,1935
WHOLE MILK 19 1,506,561 1,956,580 19. 1,506.561 1,686,128
SKIM MILK 115 18,475,553 22,879,927 120 18,760,242 21,734,758
PART SKIM 3 57,014 87,003 3 57,014 64,994
CREAM POWDER 3 2,654 3 2654 15,228


BUTTERMILK 70 5,361,745 3.827.782 71 5.388.505 5,670,753
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES. SINCE SOME
FIRMS OPERATE MORE THN 0, Tff F*T*Vy~*o I
** *** ** ******** *** ****^ i ***************** *********
NOTICE: THE MAILING LIST FOR THIS REPORT WAS RECENTLY CIRCULARIZED. THIS,*
IS THE LAST COPY WHICH WILL BE SENT TO YOUR ADDRESS, UNLESS THE CARD WHICH
WAS PROVIDED IS RETURNED, OR WE ARE OTHERWISE ADVISED OF YOUR DESIRE TO HaveE*
THE REPORT CONTINUED. *
** ** *!** *** ** *; ** *** ***** ** ** h* ** ** ** ,* *><* ** ***** ***
(OVER)
APRIL 1935


I


I


5.,390,745







PRODUCTION OF DRY MILK REPORT? BY MANUFACTURERS MARCH


PAGE 2


INCLUDES REPORTS FROM PR-INCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
NITEDc STATES


COMPARISON OF PRODUCTION POUNDS) FOR GAME FIRMS
CLASSES MIOF PREV400US YEAR PREVIOUS MONTH
DRY MILK _________PV ___________ _____P
F.I.,MS* MAR. 1935 MAR,1,934 FI.RMS* MAP.1935. FEB.1935
WHOLE MILK 18__ 1,557,906 1.171,949 18 1,557,906 1,193,411
SKIM MILK 113 19,896,588 22.,820,467 120 20,177,631 16,562,951
PART 3KIM 2 7,422 4,5,541 2 7,422 25,057
CREAM POWDER 2 0Q 0 2 O 21,825
*BUTTERMILK: 70 2,857,684 4,262,530 72 2,886,409. 2,742,638
REPORTS I NI CArTrE TT A jnrA r S OLL C WS*


HI INI LTAT MARCH PRODUCT I ON* WAS PACKED Ab FU LLVV
DRY WHOLE MILK: BAGS 5.75% BARRELS 56.641 CASES 37.6
DRY SKIM MILK: 33.31 (,727,472 LBS 66.6 ( 3,457,361 Ls 0.0
DRY BUTTERMILK: ". 92.88 (2,694,320 LBS 7.12( -20 589 LBS
PRODUCTION DRY SKIM MILK FEBRUARY 1935 (INCLUDING LATE REPORTS BAGS ,681,161
POUNDS i33.89%); BARRELS 11,079,106 POUNDS, (66.10%); CASES 0.01; TOTAL
16,761,035 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 1935


EXPORTS


EXPORTS TO
NORTH AMERICA
MEXICO
NETHERLAND '1.
PANAMA
SOUTH IMERICA
BRAZIL
COLOMBIA
VENEZUELA
AS A
CHINA
HONG KONG.
OCEANIA
PHILIPPINE IS.
OTHER iCOINTRIES


NDIES


POUNDS

10,369
4,074
34,260

5,035
8 763
18,158

9,804
5,300

26,969
47.537


IMPORTS
IMPORTS FROM
EUROPE
NETHERLANDS
UNITED KINGDOM


i4.
5/.
, If


POUNDS

158,130
770


TOTAL MARCH 1935_ 170,269 TOTAL MARCH 1935 153,900
TOTAL MARCH 1934 315,550 TOTAL MARCH 1934 .453
JAN. MAR. INC.) 1935. 606,537 JAN. MAR. INC. 1935 241,306
JAN. MAR. (INC. 1934 796,386 JAN. MAR. (I NC.) 1934 824


CASEIN IMPORTS MARCH
CASEIN IMPORTS JAN. MAR.


(INC.)


1935
269,373 LBS.
381,776 LBS.


1934
274,968 LBS.
377,892 LBS.


TONE OF APRIL DRY MILK MARKETS MIXED DRY SKIM -,'ILK SLIGHTLY .EASY
OTHER CLASSES FULL STEADY


DRY MILK MARKETS IN APRIL WERE'
SOMEWHAT IRREGULAR. A STEADY TO FIRM
TONE PREVAILED ON ALL CLASSES EXCEPT DRY
SKIM MILK, SUPPLIES OF WHICH INCREASED
SEASONALLY AND DEMAND FOR WHICH FROM
PRIVATE SOURCES SHOWED SOME EVIDENCE OF
LAGGING. THE STATISTICAL POSITION OF DRY
SKIM MILK, HOWEVER, CONTINUED EXCEPTION-
ALLY FAVORABLE, APRIL I STOCKS REPORTED
BY MANUFACTURERS, IN TERMS OF THE NUMBER
OF DAYS SUPPLY, BEING, WITH THE EXCEPTION.
OF 1933,, THE SMALLEST FOR THAT DATE FOR
MANY YEARS. ALTHOUGH THE PRODUCTION OF
DRY SKIM MILK INCREASED SLIGHTLY MORE
THAN SEASONALLY FROM FEBRUARY TO MARCH,
THE MARCH DELIVERIES ON BOTH FEDERAL AND
PRIVATE COMMITMENTS MADE FURTHER INROADS
ON RESERVE SUPPLIES, RUT.TH:RE WAS SOME
FEAR THAT WHEN THESE CONTRACTS WERE FULL-
FILLED STOCKS MIGHT AGAIN TEND TO ACCU-
MULATE OTHER THAN SEASONALLY. THERE DOES
NOT SEEM TO BE, HOWEVER, MUCH IMMEDIATE
OPPORTUNITY FOR ANY UNREASONABLE ACCUMU-
LATIONS, AS MILK PRODUCTION IN MOST AREAS
CONTINUES LESS THAN A YEAR EARLIER AND IT
IS QUESTIONABLE WHETHER THE EARLY SEASON-
AL PICK-UP IN PRODUCTION WILL BE AS GREAT
AS USUAL DUE TO THE UNFAVORABLE CONDITIONS
IN SUCH SECTIONS.

PRICES ON SALES REPORTED FOR MARCH
AVERAGED JUST ABOUT THE SAME AS FOR
-FEBRUARY, ALTHOUGH SOMEWHAT HIGHER THAN
IN MARCH LAST YEAR EXCEPT ON DRY BUTTER-
MILK. PRICES ON DRY SKIM MILK AVERAGED
5.72 CENTS PER POUND, COMPARED TO 5.71
CENTS IN FEBRUARY; DRY WHOLE MILK 15.99
CENTS PER POUND, COMPARED TO 15.71 CENTS;
AND DRY BUTTERMILK 4.44 CENTS PER POUND,
COMPARED TO 4.27 .CENTS. A YEAR EARLIER
SALES AVERAGED 5.52 CENTS FOR DRY SKIM
MILK, 13.74 CENTS FOR DRY WHOLE MILK, AND.
4.68 CENTS FOR DRY BUTTERMILK.

STOCKS OF DRY SKIM MILK DECREASED
FROM 27 DAYS SUPPLY ON MARCH I TO 23 DAYS
SUPPLY ON APRIL 1, WHEN USUALLY THERE IS


6L8LL. 68iO Z9Z.

VOIOIaO d d A1IS0 A AIIS Nn


VERY LITTLE CHANGE BETWEEN THE TWO MONTHS.
THE APRIL I STOCKS WERE 6 DAYS SUPPLY
LESS THAN THE STOCKS OF APRIL I LAST YEAR
WHEREAS THE MARCH I STOCKS WERE ONLY 2
DAYS LESS. SALES IN MARCH AMOUNTED TO
23,886.,911 POUNDS, WHICH AMOUNT WAS
SLIGHTLY MORE THAN THE RECORD BREAKING
SALES FOR MARCH OF LAST YEAR. A CONSIDER-
ABLE QUANTITY OF SKIM MILK WAS DELIVERED
DURING MARCH ON FEDERAL CONTRACTS, WHICH
ACCOUNTED IN PAkT FOR THE HEAVY SALES,
ALTHOUGH DELIVERIES THROUGH THE REGULAR
COMMERCIAL CHANNELS WERE REPORTED AS
BEING IMPROVED. BUYING BY COMMERCIAL
CHICKEN FEED MANUFACTURERS IS SAID TO
HAVE BEEN RATHER HEAVY DURING THE PAST
COUPLE OF MONTHS. FURTHER DELIVERIES ON
FEDERAL CONTRACTS HAVE ALSO BEEN MADE
DURING APRIL, BUT IT IS BELIEVED THAT THE
INCREASE IN PRODUCTION WILL TAKE CARE
LARGELY OF THESE DELIVERIES.

PRODUCTION OF DRY SKIM MILK IN
MARCH WAS 12.8 PERCENT LESS THAN A YEAR
EARLIER. THE INCREASE IN PRODUCTION FROM
FEBRUARY TO MARCH WAS 21.8 PERCENT, WHICH
WAS LARGER THAN THE INCREASE BETWEEN THE
TWO MONTHS LAST YEAR, OR THE USUAL
SEASONAL INCREASE FROM FEBRUARY TO MARCH.
PRODUCTION OF DRY WHOLE MILK WAS 32.9
PERCENT LARGER THAN IN MARCH A YEAR AGO,
BUT THE PRODUCTION OF DRY BUTTERMILK WAS
33.0 LESS.

THE CASEIN MARKETS IN APRIL WERE
GENERALLY FIRM, ALTHOUGH ONLY A NOMINAL
AMOUNT OF BUSINESS WAS REPORTED. DEALERS
ARE SAID TO BE HESITANT TO MAKE ANY LARGE
FUTURE COMMITMENTS AT THE PRESENT TIME,
AND BUSINESS IS BEING DONE MOSTLY ON A
DAY TO DAY BASIS. QUOTATIONS ON CARLOTS
DELIVERED ATLANTIC SEABOARD POINTS
GENERALLY I I TO 12 CENTS A FOUND ON 20-3t
'MESH. JOBBING PRICES I TO Ig CENTS
HIGHER.


-APRIL 1935








MAY 29, 1935.


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


WASHINGTON, D.C.


DRY M ILV M .-tET REPORT FO"' MAY 193.5
MANUFACTURERS' WHOLELE3AL SELLING PRICES DURING APRIL
THE WH)LESzALE PRICES GIV EN BELOW ARC BASED U;ON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, W'CLESALE GROCERS AND SIMILAR G'JYERS FOR GOODS
F.O.B. FACTORY ON THE BA'S I OF CASH ,'OR SHORT TIME CREDIT. I'ICE RANGF: IN PRIC-:S
MAY BE IN PART ATTRIBUTEDD TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SK1V IM MILK i DRY WHOLE VIL LXDRY BUTTERMILK
(BULK GOODS) _iBuLK Ol BUL- GOODS)
REPORTED .-SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PPI CE IN BAGS IN BBLS. P; ICE POUNDS PRICE IN BAIs IN BPLS.
2 2.3 3,0 4. 449,910 3 -4- 2,266,740 -
2 3 15: I5 4 4 957,930 -
3 3- 1 7 37,275 5 6 30,916
3,- 4 1,533,1 ;0 i7- I8- 83,410 6 7 150,950
4 4- 2,525,396 I- 119,913 7 8 13,000
- 5 30240 19 20 15,I362
5 51 360,27c 751,236
5: 6 3,421 1,216,978
6 -- 116,363 3,419,057
6C: 7 37,563 3,884,854
7 7 3,785,771
7- 8 26,107
8 81 831,9u0_
TOTAL 9,585,483 14,745,233 1,044,916 3,224,756 194,866
GRAND TOTAL __ __2'4_ 716_ 1 ,044,91_ ,3419,622
AVERAGE ;'RICE 4.430 6 70Q 4.39k 6.97T
MPR. 1935 5.81 16.4&9 i 4.54,
MAR. 1935 5.72 15.99! 4.4-4
APR. 1934 5.:474 1419 .... _4. l__
WHOLESALE PRICES REPORTED OH CAFE GCODD. WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 34.550 PER POUND.
WHOLESALE SELLING PRICES F.0.3. DISTRIBUTING POINTS APRIL


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LouIS


BAGS
4.75 5
4.5 7.5

T- 0
4.4
4.5 4.75


DRY L:,KIM MILK
(CENTS; ER La.)
BELS.
6.89 8.5 KANSAS CITY
6 8.5 SEATTLE 4.2
5 '.5 PORTLAND
6 0.5 Los ANGELES 4.1
7.65 8,25 SAN FRANCISCO
7 8
MANUFACTURiRS' STOCKS OF DRY MILK


BAGS
-
05 4.50
4.25
4.45
4.45


BSLS.
7.65 8
6.25 7.42
5.97 -.7.42
7 7.75
6,77 7.42


TOTAL STOCKS ON HAND INCLUDE ALL STOCKS IN ;-OSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FRO'. OTH-IERS, 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
CLASES OF MAY I 1935
DRY MILK N 3, IN ARRE-- ITOTiAL POUNDOS(A) FIRMS
SP--- ..P NOS ) POUNOSL j.... .
WOLE M ILK 194 1 26 01. I 51 27 19
S SKIM MILK 6 ,75,_l 17 11 943 607 1 18.752920** 23
PART SKIlM. 32,610 77.345 3
S CREAiM POWDER 0 15,230 15 230 3 _
--[-- 2
S -5UTTERMLK 4,76,293 389 654 5.115'347 72
"-A INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 600,319 POUNDS;
OKIM MILK 56,137 POUNDS; PART SKIM 44,735 POUNDS,
*.EQUIVALENT TO 23 DAYS' REQUIREMENTS: ON THL: BASIS OF THE
AVERAGE DAiILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED
FROM HEPORTS'OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS
OF DRY SKIM MILK ON MAY I, WERE EQUAL TO APPROXIMATELY 23
DAYS! REQUIREMENTS IN COMPARISON WITH 23 DAYS ON APRIL I,
1) 35: CALCULATED ON THE SAME BASIC A YEAR AGO, STOCKS ON
HAND MAY I, 1934 WERE THE EQUIVALENT OF A 3,; DAYS' SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY .MANUFACTURERS_____
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING


UL;ASS7 OF I
DRY MILK I_
_IF I__FRMS*

WHOLE MILK_ 19
SKIM MILK i 121
PART SKIM 3


PREVIOUS YEAR PREVIOUS MONTH
MAY 1935 MAY I 1934 FIRM MAY 1935 AR. I 135

S 1,951.527 L 1,846,999 19 _1951 527. _1509749
18,469,920 25 192 693 123 18 752 920 18,815,148
77,345 : 86,624 3 77,345 7.014


i 1 I -
CREAM PODER 15230 8237 3 __ 5 230_ 2,654
BUTTERMILK 70 _. O7.047 i __4,71706L17_ 70 5 105,253 I 5,340,205
* FIGURES SHOWING NUMBER OF FIRM; Ou NOT i-EPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPlERATE MORE THAN ONE FACTORY.
(OVER)
MAY 1935


---- ---~-~---- -~--


4






PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS APRIL


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


I __ COMPARISON OF PRODJCTI ON POUNDSS FOR SAME FIRMS


CLASS U O
DRY MILK PRE'VIUS YEAR PREVIOUS MONTH
'FIRMS* APR. 1935 APR.- 1.934 FIRMS* APR.. 1935~ -MAR. 1935
I.'HCLE MIL, 1I7 73 455 5J,817 17 1, 781-,455 ,559040

SKIM MILK .1200 23 _:16-il45 j_24,98,187 122 23_ 2 c~135 20 338,157
2jL~g.7 -97 122 21"-,
PART SKI__ 44,3053 2 44,36 7422

CREAM POWDER 2 5 0 215.065 0
BUTTERMILK 70 3 3,25 0.4. 272319,319
REPO'T'O INDICATE THAT AORIL PRbDUCTION W.A PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 4.954 BARRELS "61.52, CASEs 33.53o.
DRY SKIM MILK: 37. 10f(8,645,593 LBS) 62.83(14,043,838 LeS) 0,07o.
DRY BUTTER.MILK: 93,13(3,039,638. LBS) (.87,( 224,094 Lss)
PRODUCTION DRY SKIM MILK MARCH 135 (INCLUDING LATE R-PORTS) BAGS 6,336,842
POUNDS (33.54%); BARRELS 13,535,92 POUNDS, (66.41>); CASES 0.05o; ToTAL
20,383,037 'OUNDS.
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 1935
EXPORT" : IMPORTS
EXPORTS TO POUNDS I IMPORTS FROM POUNDS
EUROPE EURCPE
NOz'T:E- -i GDOM 7,600 'NETHERLANDS 510,697
CUeA 14 4.05O
HONDURA:1 9 06G
NEWVFOUNDLAND LAkr;riD 9 345
PANAMA 27 598
SOUTH AMi'ERICA
ARGENT I NA 17665
VENEZUELA 404 5
ASIA
Hi INA 13, 000
HONG KONG 8,72 ;
OCEANIA
-'HI IPPI NE Is. 45,90 I
OTHER COUNTRIES 37 596__ __ __
TOTAL APRIL I935 200 330 TOTAL- APRIL 1"'35 518 697
TOfAL APRI L :34 ~ 35 2-TJ TO'L- APR!L 1-I ---4 16"
JAN. APR. N -.--35 R. 805,667 JAN. APR. I NO. 1) 1935 7605003
JAN. APR.T[^3. 4 ..... I1 T1220So JAN..- APR. INC. 1934 86


CASEIN IMPORT APRIL
CASEIN IVPORT' JAN. APR. (I NC.)


1935
148,2C5 LOS.
530,041 LBS.


1-'34
123,10. 3 LSS.
501 ,000 LBE,.


DRY SKIN. MILK -:--..RK ET3 LE-S FIRM I'". MAY OTHER CLASSES FULL STEADY


THE DRY SKIM MILK MARKETS IN MAY
CONTINUED THE SLIC-'T TOr!E OF IRREGULAR-
ITY PREVIOUSLY NOTED. SOME :01 NTS
REPORTED GUCOODUY ING OF ROLL:FP PROCESS,
PARTICULARLY -RM'. AREAS WHVIFRE THF:
INCREASED PRODUCT IO'; ,OF BABEY CHICK' THIS
YEAR HAS WIDE'lEU THF: OUTLET FROM CHICKEN
FEED MANUFACTURERS, NOT ONLY TO SIU:'PLY
PRESENT NEFDi BUT TO 1JUI LD UP STOCKS
AGAINST THE DEiMADO ROM THAT COURSE THA,T
IS EXPECTED TO CONTINUE THROUGH THE
REMAINDER OF THE SEASON. REPORTS FROM
OTHER POINTS, HOWEVER, INDICATE ONLY A
FAIR VOLUME OF D'.JSI ESS, WIT-' STOCKS
FAILING TO MOVE WITHIN TI.E RAPIDITY OF A
MONTH OR SO EARLIER. B"'YINQ lY' THE-
FEDERAL SURP'.IUS REt.IEF CORPOWiATION HAS
PRACTICALLY CEASLD, AND AT TH!. PRESENT
TIME, THE TRADE IS DEPENDING UPON ITS
REGULAR MERCHANDISING OUTLETS;. OTHER
TYPES OF DR, MILK REtvl\I N PRACTI CALLY
UNCHANGED, WITH THE TONE: GENERALLY
STEADY AT A FAIR VOLUME OF BUSINESS,

SALES OF 24,331,000 POUNDS or DRY
SKIM MILK FOR APRIL REPORTED DY MANU-
FACTURERS REPRESENTED A NEW r'EAK FOR
THAT MONTH. A PART OF THESE SALES REPRE-
SENTED DELIVERIES MADE ON FEDERAL
CONTRACTS, BUT THE PROPORTION OF THE
TOTAL APRIL SALES MADE UP OF SUCH
DELIVERIES WAS SMALLER THAN IN PRECEDING
MONTHS. THE AVERAGE PR ICE O0 ALL SALES'
REPORTED FOR APRIL EQUALLED 5.31 CENTS
PER POUND, A SLIGHT GAIN OVER THF 5.7,
CENTS REPORTED FOR MARCH, AND ALMOST O
CENT GAIN OVER THE APRIL, L.ACT YEAR,
AVERAGE. THE AVERAGE PRICE ON SALES OF
DRY WHOLE 111 LK AND DRY BUTTERMILK ALSO
ADVANCED FROM '/IAARCH TO APRIL DRY WHOLE
MILK FROM 15.99 CENTS TO 16.49 CENTS
AND DRY lBUTTERMILK FROM 4.4 CENTS TO
4,54 CENTS. DRY "'HOLE MILK WAS.> ALSO


HIGHER THAN IN A.RIL LAST YEAR BY 2,3
CENTG, BUT DRY BUTTERMILK WAS FPACTIONALLY
LO'.'ER.
PRODUCTION OF DRY SKIM MILK MADE
SIGHTLY MORE THAN THE USUAL SEASONAL GAIN
FRO! MARCH TO APRIL, DUE CHIEFLY TO MORE
FAVORABLE PRODUCTION CONDITIONS FOR MILK
IN MOST AREiAS BUT ALSO TO THE FACT THAT
MANUFACTURERS' STOCKS Or DRY SKIM MILK
HAD WORKED DOWN TO THE POINT WHERE. IT WAS
CONSI OCRED 'T".SIRASLE TO INCREASE INVENTOR-
IES IN SOMF CAASCS. PRODUCTION IN APRIL
PR.CT ICAL.LY E:QUALLED SALE SO THAT THE
STOCKS OF 18,752,900 POUNDS OF DRY SKIM
l I IK' K-'"PORTED BY MANUFACTURERS ON MAY I
k-:'*:Ec PRACTIC;A-LY UNCHANGED FROM THOSE OF
,FPRIL I. THE.:E STOCKS WERE THE EQUIVALENT
OF 23 DAYS SUPPLY ON OOT- DATES COMPARED
TO 2c DAYs ON APRIL I, LAST YEAR, AND 33
DAYS SUPPLY ON MAY I. THE FIVE-YEAR
AVERtAGL 01- STOCKS S H!ELL BY MANUFACTURERS ON
IAY I FOR THE YEARS OF 1930 TO 1I 34
i.MOUNTED TO 23,914,900 POUND;.
CASEIN MARKETS IN MAY WER'-: LARGELY
UNCHANGED, BUT WITH THE TONE MOSTLY
ST EADY. VOLUME OF TR ADDING WAS REPORTED
AS BEING GEN:-:RALLY SATISrACTORY, ALTHOUGH
SOMEWH.,T LESS THAN IN THE PRECEDING MONTH.
PREPORTU; ON STOCKS WERE rnnMEWHAT 1 REGULAR, EUT
THEIR CONCENSU3S SEEMED TO BE THAT SUPPLY I ES WERE
NOT PARTICULARLY HEAVY ALTHOUGH FULLY
AMPLE TO THE DEMAND. PRICES ON DOMESTIC
CASE I' FOR DELIVERY ATLANTIC SEADOARD HELD
MOSTLY T9O ll. TO 12 CENTS ON 20 TO 30
ES'-', 12a CENTS ON 70 MESH, AND 13 CENTS
ON 100 MESH. SOME FRENCH AN,
RGENTINE CASEIN OFFERED AT 7
CENTS, C.I.F., BUT VERY LITTLE
BOUGHT AND ONLY FOR SPECIAL USE.


V9L 6800 9Ai 1.

v]1aO"-id .90 AkI.ISu3AINI


_~ ~__~__ __


PAGE 2








JUNE 29, 1935.


.'ITE0D STATES DE tARTMET OF AGRICULTURE
BUREAU OF AC.I CULTUR'.nL ECONOMICS
MARKET :'N;ES SERV ICE


WASH I NGTON, D.C.


DRY MILK< AR.KL'T ,EQ0RT FOR JUNE 1935
MANUFACTURERS ,'HCL-;ALE GELLI IG PRICE; DURING MAY
THE WHOLESALE PRICES; GIVF.N ELO\' ARE nASED UPON E COVERING ACTUAL SALES TO JODBERS, WHOLESALE GROCERS AND SIMILAR BUYER., FOR GOODS
F.O.B. FACTORY ON THE OASIS OF CASH OR SHORT TIME CrHEDIT. i'lDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR C-RACE OF PRODUCT SOLD,


DRY S~KIr MILK
(BULK GOODS)


REPORTED SALES
POUNDS
PRICE IN BAGS IN SBLS.


2,007,935
3,118,138
3,138,753
2,520,647
52,598
5,514
29,6000


5,250
68,050'
390,102
2,133,350
3,645,095
3,113,6141
6,942.,290
1,036,779
143,200
72,275 I


DRY WHOLE 'MILK
S. eLK GOODo)
RE'POnTED 3ALES

PRICE POUNDS


14 -i -14

I5r -7

16 718


201,554
67,147
6, r208
259,015
226,458


DPY .UTTER:.hLK
___( UL < OO__
REPORTED SALES
POUNDS
PRICE IN EAGS IN BBLS.
3 "47 2,293, 38 -
4 I- 1,03S,1 3
"3 6 1,125,502 16,936
6.. 7- 240,151
7 8- 10,000


TOTAL 10,872,385 17,684,011 770,382 4,456,918 273,.037
GRAND TOTAL 28,556,96 9 77'),38_2 33,00
AVERAGE PRICE 4.47A 6.68 4.5 6.
MAY I1J35 5.84 18I.29. 4.71
APR. 1'35 5.810p 1.49, i 4.54
iMAY 1934 5.530 14.09 __ 4. .
WHOLESALE PRIC.E8; RE',O>rTED ON CASE GOODS W'ER- AS FOLLOWS:
DRY WHOLE MIILK (I LE. CANS) 3G.0J3; PER I'OUND.
WHOLESALE GELLIN.G PRI CFiS F. 0. B..DI TRI :.UTI'-.G POINTS MAY

DRY SKIM MILK
(Cr-JT PER LPr.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


4.75 5
4.25 6

' r
4.5 6.5

4.4 4,6


!:BL'."
7 -8.5
8.5
5.33 7 .5
7 8.5
7.42 8
7 3


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
,.AN rRA CI SCO


A-C
4AC :.;

S4.25 6
4.25
5.5
5. 5


7.25 8
5.75 7.33
7.25 7.33
5.9 9
6.77 7.5


iAU:r--T; iRERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE ALL STOCKS IN POSMRESl ION OF MANUFiCT'URERG
REPORTING, WdHET!-TH.:R ANUFACTURED BY T:-EM OF ;:''Ur;.HAED FROM OTHERS, WHE-THER ON THEIR
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR G()NFFRACTED FOR SALE DUT NOT uEL'/EiVEED.

TOTAL .:TO' CL" "? OF- JUNE _._i..
DLA.,.,RY'- OF !.LK ...._... ____ _L_. _._
DRY :'I LK I l IN SARRELS ToTAL POUNDS(A) FIRMS*
1(, ou:'ms )i t 0
S_ .-' OUND., '
--'LE MILKV 84 ,I7_Y2 94.__- 20
Si.M IMILK ,3,3L Q0044 IPl1;8320 24232, 3t** 127
PART S!KIM __ 54,748 _93.7 9_,7_ 3
CREAM PC'O;DER 0 15 077 i _L077 3
3UTTER:IILK 4,31 75 __ 398u13 ,728689 _71
i) INCLUDES CASE 0000 \ A3 Follow'.'; : ..IHOLE r.1 LK 928,705 POUNDS;
bKIrM MILK 48,705 2Poi'Jro,; PART SKIM 39 231 P OUNDS.
** EQUIVALENT TO 30 DAYS1 F_. UJIREMENT:T ON THE OASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE: PAST YEAR, AS CALCULATED
FROM REPORTS OF THE BUREAU 6F AGRICULTURAL EGONOMICS, STOCKS
OF DRY SKIM MILK ON JUNE I, WERE EQUAL TO APPROXIMATELY 30
CAYS' RE:QUIRE;FNT!'S IN COMPARISON WITH r'3 DAYS ON MAY I, 1935:
CALCULATED ON THE S/-.iE BASIS A YEAR AGO STOCKS ON HAND
dUNE I., 19., 34 \"ERE TH'l. ;:QUJIVALF-NT OF A 4c DAYS' SUPPLY.

M____PARI_.CN_ OF TOTAL STOCKS REP:0ROTED PY MANUFACTURERS
E TOTAL STOCKlS (POUND) ON HAND FOR Hi-AME FIRM' REPORTING
'DRY I PE/I OUS YEAR I PRl-/: OUS MONTH
D PY I-v'.I L,' Pr"'F-VIOIJS YE:Ar,


',HOLE M IL L


F I RAS*.
20


JUNL I I335F
2 654,702
S24, 108,033


JUNE I 1934I FI RMS* JUNE I .1935


32,G70,808 '124


. .q7____L4 2_


SMAY l~ I 35
1 5 527


24 453,903 .8n823,91


FART SKIMI 3 93,97_9_ 129,946_. 3 .9979_ 77
.CR_77AM PO',DER 3 .' .77' 3. _, 732 3 I5. 1577 _____ 15230
i 50 _..- f~L7~:31-
U.TTER6ILK 67 4 L 07 5 5 02 O40'2 ,3 4"67 490 5, 1.2662
* FIGURl3ES SHOW hG 1InUMo3ER OF F"I AMS DO NOTT r:PR.:.SENT NUMBER OF FACTORIES SINCE SOME
FIRMS OP'-RATE MORE THAN ONE FACTORY,


(OVE!)
JUNE 1335


UNIV. OF. FL LD.





U.S. DEPOCTORY


3 -
4
4; -
5 -
6 -

7 -
8 -
8 -


SKIM MILK< 121 '


o


L


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


i -I --- -+--.. --:- l --- .


- I


I


-"







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS MAY


PAGE 2


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES
I COMPARISON OF PRODUCTION (POUNOS ,FOR SAME FIRMS
CLASSES OF
DRY MILK I PREVIOUS YEAR PREVIOUS MONTH
FIRMS* M:AY 1935 MAY 1934 FIRMs* MAY 1935 APR. 1935
WHOLE MILK 18 _31,.9,395 1 1 136,127 13 1,889,35_ .IJ, 7Ji455

SKIM MILK 119 31,854,104 30,096,917 122 132 039 3863 .29 5
PART SKIM 2 51,936 108,036 2 51,936 44,330


CREAM POWDER


BUTTERMILK


0
4.320.380 "


4.038.811


2


69


4.392.039


15,065


REPORTS INDICATE THAT MAY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BACS 2.12 'i BARRELS 45.77- CASES 52.11,
DRY SKIM MILK: 40.19 (12,923,562 LO") 59.81 (19,234,653 LSS)
RY BUTTERMILK: 93.04o( 4,430,955 LD) 6.96o( 303,293 LES)
PRODUCT.IOi!i DRY SKIM MILK APRIL 1935 (INCLUDING LATE REPORTS, BAGS 8S369 405 POUNDS
(36.98"); BARRELS 14,7,30,106 P-OUDS, (32.,95); CASES 0.07/; TOTAL 23,445,43
POUNDS,
*FIGURES SHOWING NUMBER OF FIRM-S DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN OIE FACTORY.

EXPORTS AND IMPORTS OF DRY MILK DURING: MAY 1935


E:
EXPORTS TO.
EUROPE
UNITED KINGDOM
NORTH 'AiMER\ ICA
CUBA
PANAMA
SOUTH AMERICA
ARGENT I1NA
BRAZIL
PERU
VENEZUELA
ASIA
HONG KONG
OCEANIA
PHILIPPINE Is.
OTHER COUNTRIES


EXPORTS


PoUNDo

7,000
20,247
30,572

4 ,325
15,825
5 449
21 ,43
5,000

33,912
35.032


I IMPORTS
IMPORTS FROM
EUROPE
GERMANY
'TC H E R LANDS
UNITED KINGDOM


POUNDS

258
433,79
772


___. -.--~~-.- ----------- zi'-- 3 823
TOTAL MAY 1935 223,005 TOTAL MAY 1935 G6-828
TOTAL -MAY 134 224, 13 TOTAL M- A AY 1934 _711
JAN. MAY (INC. ) 35 1 33 .jAi- -A !35 __ O-
JAN. MAY NC.) 1334 i,3q7,j I9 L JAN. MAY INC. 134 ___6


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


1935
23 ,4-05 L3S.
523,4^- LBs.


1934
97,616 LBS.
598,696 Los.


RECORD PRODUCTION AND SALES OF DRY SKIM MILK


REPORTS RECEIVED BY THE U.S. BUREAU
OF AORI CULTURAL ECONOMI CS FROM MANU-
FACTURERS INDICATE TH,T THEL M,\'Y PRODUCTION
OF DRY SKIM MILK ?'AS THE HEAVIEST .O0!
RECORD FOR THAT iMCNTH. THE- TOTAL AMOUNT
MANUFACTURED DY FIRMS REPORT I T TO DATE
EXCEEDS 32,000,000 POUNDS, AND WAS THUS
GREATER THAN THE PREVL.OUisr HI GH RECORD OF
MAY, 1332 BY CLOSE TO'HALlF A MILLION
POUNDS, THE INCREASE OVER MAY, 10-34; WAS
5,8 PERCENT.

ANOTHER NEW HIGH: RECORD WA:; REACH-
ED IN THE MATTER OF SALES, WHICI-; IN MAY
AMOUNTED TO 28,557,000 POUNDS. THIS IS
THE LARGEST QUANTITY EVER REPORTED FOR
ANY MONTH OF THE YEAiR I NCE 123 j"IHEN
SALES INFORMATION WAS Fli PREVIOUS HIGH HAVING BEEN 27,740,000
POUNDS IN JUNE, 1 34. MAY SALr. WERE 17
PERCENT GREATER THAN A YEAR EARiLIER, WITH
DRY SKIM IN BA-RRELS SI-OW ING .:, 20 PERCENT
INCREASE, ANID I N .3AGS A. I0 PEIFCENT
INCREASE, PRICES ON1 DRY SKIM WERF. ABOUT
THE SAME' IN MAY AS IN APRIL, AV.:FAGIING.
4.470 PER POUND' IN BAGS, AND I.683 1N
BARRELS WITH THE WEIGHT \ AVERAGE OF
BOTH 5.84,. THIGH WA\S APPROXIMATELY ,3;~
HIGHER THAN MAY OF LAST YEiR.

STOCKS OF DRY SKIM ON JUNE I TOTAL--
ED 24,538,1;000 POUNDS, AN INCREASE OF 30
PERCENT OVER M/AY I, BUT A DECREASE OF 2
PERCENT UNDER JUNE I, I'34, IN TERMS OF
AVERAGE DAILY RE:UI REIMENTS, THE JUNE 1
SUPPLY IN MANUFACTURERS' HANDS REPRESENTED
30 DAYS -P;EQU I REMENTI-i COMPARED WITH 23
DAYS SUPPLY WHICH EXISTED ON MAY I, AND A
4 DAYS SUPPLY ON JUNE I A YE..R AGO. ON
THIS SAME IASIS, THE JUNE I RESERVE IS
A3O'JT THE SAME AS IN I..:32 ON THAT D/,TE,

WITH THE LARGE 'F-RODUCTION AL.RK/\DY
NOTED, AND SU-1PLIIES VWHICIH ARE RELATIVELY
HEAVY, IT 1C REPORTED THi,.T THI-RE 'A,- C 'JEEN
SOME SE._L IHG PRESSURE IN, CERTAIN QUARTERS,


ALTHO'.IGH THERE IS AT THE SAME TIME A
NO 1ICEAiL- E. FRFORT TO :;US;TAINN -~iEVAILING
PRICES. 1N THrilG" CONNECTION, IT MAY BE
NOTED THAT THE- AGRICULTURAL ADJUSTMENT
ADrM IN I STRAT I .: N RECENTLY CALLED FOR RIDS
ON DRY SKIM IILK, AND A PRESS RELEASE
INDICATED THAT AWARDS TOTALING ABOUT FIVE
MILLION POUNDS WERE EXPECTED. ONLY
CLASS; A "Ex RiA" GRADE FOR HUMAN CON-
GUMPTION I;. TO BE ACCEPTED. B)OTii ROLLER
AND SPRAY PROCESS PRODUCT ARE INCLUDED,
ALTHOUGH ON SEI-ARA-TE SCHEDULE2,5
T;-:E GENERAL DAIRY PROD'.ICTI ON SITU-
ATION AT PRE.SE:T IU OF IMPORTANCE TO DRY
MILK MANUFACTURERS. ALL RFEORT;T INDI CATE
T-!AT CONDITIONS ARE GENERALLY FAVO::ADLE,
EXCEPT POr SS1LY IN THE NORTHEASTERN ,-.ND
NORTHWE';TERN STAT'F;. IN THE SO--CA.LLED
BUTTEt TERI TORY, THEIR MI LK FLOW HAS
I NCREAED MAiRKEDLY, WITH SOME INDI CAT IONS
OF JUNE BUTTER PRODUCTION EXCEEDING LAST
YEA-R -Y A SIZABLE MARGIN. THF. CHANGE .IN
MAY' WAS A SLIGHT INCIEAS'E ONLY"OVER A
YL.'Ai EA A."RLIER, [UT THI|Sl WAS SIG ;-I FICANT
SINCE THI:-: WAS THE F I RFNT TIME SUCH HAD
OCCUR-RED IN 10335.
PRODUCTION OF DRY BUTTERMILK IN
MAY WAS 7 PERCENT CRE-ATER THA NIN I3-'54,
BUT STOCKS 'FE:RE 6.6 PERCENT LIOH-TER.
REPORTED SALES OF THIS CLASS OF GOODS IN
MAY WERE 4,733,000 POUNDS, AN INCREASE OF
MORE THAN A MILLIONN POUNDS OVER MAY, I ;934,
AND THE HEAVYV I EST MONTHLY SA LES: SI NCE MAY,
li35, C WHEN ;oN2.5,000. POUNDS VWE!: MO'.ED.

CA- I N MA.KF:T APPEARS, STEADY WITH
TRADING o''I1ET. PI-;ICES ON DOMESTIC
DEL IVERnU ATLANTIC SEABOARD IN JOCSING
LOTS AE 12;. ON 30 MFSH, 13 ON 70 MESH
AND 1I31'; ONI 100 M_'-Sy. LATEST CARLOT
';ALEG AiRE AROUND I 1- CENTS.


V6VII 6ZLSO Z91Cl

vaiONO- =o AiISH3AINn


-1------ -~-3----~--------- -


----- -- --- --


2


/








JULY 31, 1935.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR JULY 1935
MANUFACTURERS' WHOLESALE SELLING PRICES DURING JUNE
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH 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,
3i 44 2,104,665 13 13- 6,930 3- 4 2,019,765 -
4 4 5,355,426 65,580 13- 14- 4 5 1,136,616
4- 5 .3,664,674 : 9,716 14; 15 87,243 5 6 1,148,447 33,665
5 5 591,251 811,951 15 I6 257,718 6 7 122,947
5- 6 166,093 2,596,035 16'- 17 113,038 7 -335
6 61 182,655 2,492,106 I7a I 23,171
6- 7 3,078,374 I1 9 33,440
7 7-- 3,784,983 19- 20^ 544
7- 8 3,419,025
8 8- 690,299_
TOTAL 12,064,764 16,948,069 522,084 4,304,828 163,947
GRAND TOTAL 29,012,833 522,0841 4,468,775
AVERAGE PRICE 4.330 6.730 4.590 7.050
JUNE 1935 5.730 16.310 4.680
MAY 1935 5.840 16.290 4.710
JUNE 1934 5.460 14.32, 4.60y


WHOLESALE PRICES
DRY WHOLE MILK (I LB. CANS)


REPORTED ON CASE GOODS WERE AS FOLLOWS:
36.170 PER POUND,


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


BAGS


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BBLS.


4 5 6,75 8,5
4.25 7.5 5.952 8,5
5.64 8.5
4 6 6 8.5
7.68 8
4.5 7.25 8


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
GAN FRANCIGCO


BAGS

4.25 5.5
3.99 4.29
5.3
5.3


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE 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 JULY I, 1935
DRY MILK IN BAGS INBARRELS TOTAL POUNDS(A)FIRMS
S(POUNDS) (POUNDS) TOTAL POU
WHOLE MILK 86,S66 2.842,747 4,394,213 22
SKIM MILK I 10,527,028 21,322,422 31,893,304** 122
PART SKIM 10. O70,122 105,211 3
CREAM POWDER 0' 15,122. 15,122 3
BUTTERMILK 4,734,312 I 327,747 5,062,059 71
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1 464,800
POUNDS SKIM MILK 43 854 POUNDS; PART SKIM 35,089 POUNDS.
**EQUIVALENT TO 39 DAYS' REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS.FOR THE PAST YEAR, AS CALCULATED
FROM REmORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS
OF DRY SKIM MILK ON JULY I, WERE EQUAL TO APPROXIMATELY 39.
DAYS' REQUIREMENTS IN COMPARISON WITH 30 DAYS ON JUNE I, 1935:
CALCULATED ON THE SAME BASIS A YEAR AGO STOCKS ON HAND
JULY I, 1934 WERE THE EQUIVALENT OF A 4 DAYS' SUPPLY.
'rMPARISON OF TOTAL STniCK RFPORTD RYV MAMIFACTURERS


-I
:, !


TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK
FIRMS* JULY 1,1935 JULY 1,1934 FIRMS* JULY 1,1935 JUNE 1,1935
WHOLE MILK 21 4,391,664 2,718,667 21 4,391,664i 2,654,702
SKIM MILK 119 31,473,911 37,299,452 120 31,862,611 24,560,367
PART SKIM 3 105,211 118,830 3 10C5211 93,979
CREAM POWDER 2 15,071 47 2 15,071 15,077
BUTTERMILK 68 5,036,518 6,150,387 70 5,054,759 4,714,965
*ICGURES -.--HOWING.- NUMB---R--OF--FIRMS DO1 CKNO


FIGURES SHOWING NUMBER OF FIRMS DO NO
FIRMS OPERATE MORE THAN ONE FACTORY,


T REPRESENT NUMBER OF FACT E


(OVER)
JULY 1935


BBLS.


7.68
6
6,25
6.1
6.75


8
7.57
7,57
9
7.57







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JUNE


PAGE 2


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK ______ ______PREVIOUS YEAR________ P
DRY MILK
_FIRMS* JUNE 1935 JUNE 1934 -FIRMS* JUNE 1935 MAY 1935

WHOLE MILK 19 2,431,290 1,769,900 19 2i431.290 1,892,395

SKIM MILK 117 33.821,270 30,819,152 119 33,985,170 32,065,202

PART SKIM 2 86,010 1 56,657 2 86,010 51,936

CREAM POWDER 2 0 0 2 0 0

BUTTERMILK 67 4,899,373 4,860,856C 69 4,937,708 4,332,1.57
REPORTS INDICATE THAT JUNE PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 3.39 BARRELS 40.44% CASES 56.17
DRY SKIM MILK: I" 42.31(14,396,974 LBS) 57.59 (19,595,248 Les) 0.10%
DRY BUTTERMILK: 98.42%( 4,866,032 LBs) 1.58%( 78,276 LBS)
PRODUCTION DRY SKIM MILK MAY 1935 (INCLUDING LATE REPORTS) BAGS 13 096 342 POUNDS
140.57); BARRELS 19,180,229 POUNDS, (59.42%); CASES 0.01; TOTAL 32,279,721
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 1935


EXPORTS TO
EUROPE
UNITED KINGDOM
NORTH AMERICA
HONDURAS
NETHERLAND WEST
PANAMA
SOUTH AMERICA
COLOMBIA
ECUADOR
VENEZUELA
ASIA
CHINA
OCEANIA
PHILIPPINE Is.
OTHER COUNTRIES


EXPORTS


INDIES


POUNDS

15,820
9 998
6 670
25,126

8 555
8 484
36 137

1 1,047

43,254
42.217


IMPORTS
IMPORTS FROM
EUROPE
GERMANY
NETHERLANDS
SWITZERLAND
UNITED KINGDOM


POUNDS

1 ,006
230,233
388
432


TOTAL JUNE 1935 207,308 TOTAL JUNE 1935 232,059
TOTAL JUNE 1934 309,321 TOTAL JUNE 1934 175
JAN. JUNE (INC.) 1935 1,240,980 JAN. JUNE (INC.) 1935 1,461,890
JAN. JUNE (INC.) 1934 1,646,440 JAN. JUNE (INC.) 1934 1,872


CASEIN IMPORTS JUNE
CASEIN IMPORTS JAN. JUNE (INC.)

DRY MILK PRODUCTION HEAVY


1935
219,322 LBS.
1,042,768 LBS.


1934
151,210 LBS.
749,906 LBS.


AND SUPPLIES ACCUMULATING


DRY MILK MARKETS IN JULY WERE
BARELY STEADY. NO PARTICULAR WEAKNESS
WAS DISCERNIBLE, BUT THE CONTINUED HEAVY
PRODUCTION OF DRY SKIM MILK AND RAPIDLY
ACCUMULATING SUPPLIES, ACTED AS A
DETERRENT TO THE DEVELOPMENT OF ANY
STRONG OPTIMISTIC SENTIMENT. SOME
SUPPORT WAS ACCORDED BY COMMITMENTS OF
THE FEDERAL GOVERNMENT FOR RELIEF
PURPOSES, AND AS DELIVERIES ON A NUMBER
OF AWARDS HAVE ALREADY BEGUN SOME IMPROVE-
MENT IN THE SUPPLY SITUATION IS EXPECTED
SHORTLY. THE MOST UNSETTLING FACTOR
SEEMS TO BE IN THE FIELD OF PRODUCTION,
REPORTS FROM DRY SKIM MILK MANUFACTURERS
INDICATING CLOSE TO A 10 PERCENT INCREASE
IN THEIR OUTPUT DURING JUNE OVER THE SAME
MONTH LAST YEAR, AND A NEW HIGH RECORD
FOR THE MONTH. PRODUCTION OF DRY WHOLE
MILK IN JUNE WAS ALSO MUCH LARGER THAN
LAST YEAR, BUT DRY BUTTERMILK WAS ABOUT
THE SAME.

BUYING FROM SOURCES OTHER THAN THE
FEDERAL GOVERNMENT IS SAID TO BE GENERAL-
LY SATISFACTORY. TOTAL SALES OF ALL
CLASSES OF DRY SKIM MILK IN JUNE REPORTED
BY MANUFACTURERS AMOUNTED TO 29,04.3,000
POUNDS, A SMALL INCREASE OVER THE SALES
REPORTED FOR MAY BUT SUBSTANTIALLY
LARGER THAN THE 27,740,000 REPORTED IN
JUNE, LAST YEAR. THIS YEARS JUNE SALES
ALSO ESTABLISH A NEW HIGH RECORD FOR THAT
MONTH. PRICES IN JUNE AVERAGED 5.73 CENTS
PER POUND, COMPARED TO 5.84 CENTS IN MAY
AND 5.46 CENTS IN JUNE A YEAR AGO. THE


SITUATION IN JULY IS SOMEWHAT DIFFICULT
TO MEASURE. INFORMATION FROM SOME QUART-
ERS INDICATES THAT PRICES ARE HOLDING
FAIRLY STEADY, WHILE OTHER REPORTS POINT
TO SOME SELLING AT LOWERED PRICES. IT IS
BELIEVED, HOWEVER, THAT THE LATTER SALES
ARE RATHER INFREQUENT AND REPRESENT SMALL
LOTS. THE GENERAL SITUATION IS LIKELY TO
DE IMPROVED BY THE SEASONAL DROP IN PRO-
DUCTION WHICH WILL BE UNDER WAY FROM NOW
ON.
STOCKS OF DRY SKIM MILK REPORTED BY
MANUFACTURERS NCFREASED SHARPLY FROM JUNE
ITO JLUY I U ON THE LATTER DATE
31 993,0u0 POUNDS WERE HELD BY F22 .FIRMS,
WHICH ON THE BASIS OF AVERAGE DAILY RE-
UIREMENTS FOR THE "UAST YEAR, AS CALCULAT-
D BY THE U.s. BUREAU OF AGRICULTURAL
ECONOMICS, EQUALLED APPROXIMATELY DAYS
REQUIREMENTS. THIS WAS AN INCREASE OF 9
DAYS' SUPPLY OVER STOCKS ON HAND AS.OF
JUNE I, WHEREAS A YEAR AGO THE INCREASE
FOR JUNE WAS ONLY DAYS SUPPLY IN
SPITE OF THIS SHARP INCREASE, HOWEVER,
STOCKS WER LIGHTER THAN THE 48 DAYS
SUPPLY ON ULY I, LAST YEAR. THE b DAYS'
SUPPLY ON JULY IIN 13, WAS THE RECORD
FOR THAT DATE.
SALES OF DRY BUTTERMILK WERE SLIGHT-
LY LESS IN JUNE THAN IN MAY WITH PRICES
AVERAGING ABOUT THE SAME. tHE SAME WAS
TRUE OF DRY WHOLE MILK ALSO.
VERY LITTLE ACTIVITY IS REPORTEDON
CASEN. CARLOT PRICES ARE NOMINALLY /I
TO 1I CENTS DELIVERED AT ATLANTIC SEABOARD.
JOBBING PRICES ARE CENT PER POUND LOWER
THAN THOSE REPORTED LAST MONTH, WITH 30
MESH MOSTLY 12 CENTS, 70 MESH 12- CENTS,
AND 100 MESH 13 CENTS,


JULY 1935


9tCEL 6ZL90 Z9I,

oI llllll I II1o I I IIII III IIIIIII
V(JlNO ':1 10 A IIS63AINnI


%i w i i






UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET.NEWS.SERVICE
DRY MILK MARKET REPORT FOR AUGUST 1935
MANUFACTURERS' WHOLESALE SELLING PRICES DURING JULY


WASHINGTON, D.C.


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.
3S-- 40 1,530,218 160,000 11- I- 33,457 3 40 2,480,492
4 4 -8,635,409 10,500 3,316,671 -
4 5 383,598 254,873 13 14 5 12,595 50,888
5 5 198,803 991,411 4X- 5- 64,474 139,900
5- 6 9,570 1,632,898 15 6- 285,904 7~- 8 3,905
6 6 145,730 2,648,989 16 17 -
6- 7 3,801,498 17 I 4,076
7 7 4,048,222 1- 19 89,696
7) 8 2,990,968
8 8 590,950
TOTAL 10,903,328 17,130,309 477,607 5,809,758 194,693
GRAND TOTAL 28,033,637 477,6071 6,004,451
AVERAGE PRICE 4.130 6.680 4.570, 61690
JULY 1935 5.690 16.090 4.640
JUNE 1935 5.730 16.310 4.680
JULY 1934 5.540 14.490 4.170


WHOLESALE PRICES
DRY WHOLE MILK (I LB. CANS) '-


REPORTED ON CASE GOODS
36.100 PER POUND.


WERE AS FOLLOWS:


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
4.25
4.15 7.5
4.15
4.25 5.

4.25 4.5


BBLS. BAGS
6.75 8.5 KANSAS CITY -
5.5 8.5 SEATTLE 4-- 5
6 8.5 PORTLAND 3.82 4.25
5.75 8.5 Los ANGELES -
6.65 8 SAN FRANCISCO -
6.75 8
MANUFACTURERS' STOCKS OF DRY MILK


BBLS.
7.66 8
5 8.09
6.28 8.09
7.25 9
7.25 7.84


TOTAL STOCKS ON HAND INCLUDE 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 AUGUST I, 1935
DRY MILK IN BAG IN BARRELS TOTAL POUNDS(A) FIRMS
S(POUNDS) T POUNDS TOTAL POUNDS(A) FIRMS*

WHOLE MILK 11,211 3,128,579 4.892,423 19
SKIM MILK 9,501,278 '23,541,020 33,042,298** 112
PART SKIM 0 100,749 101,229 2
CREAM POWDER 0 14,916 14,916 2
BUTTERMILK 5,199,506 269,116 5,468,622 69
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,752,633
POUNDS; PART SKIM 480 POUNDS.
**EQUIVALENT TO 40 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.AUGUST I, WERE EQUAL TO APPROXIMATELY 40
DAYS' REQUIREMENTS IN COMPARISON WITH 39 DAYS ON JULY I, 1935:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
AUGUST I, 1934 WERE THE EQUIVALENT OF A 51.DAYS' SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
DRY MILK
FIRMS* AUG. 1,1935 AUG. 1,1934 FIRMS* AUG. 1,1935 JULY 1,1935
WHOLE MILK 19 4,892,423 2,932;209 19 4,892;423 4,229,857
SKIM MILK 109 32,649,248 38;929;641 III 33,036,298 31,560,698
PART SKIM 2 101,229 140,820 2 101 229 70,602
CREAM POWDER 2 14,916 11',730 2 14,916 15,071
BUTTERMILK 66 5,353,162 7,104,256 68 5,458,922 5,039,929
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY. UNIV.O L .
UNIV. OAF FL LI.
(OVER) DOCUMENTS DET,
AUGUST 1935


AUGUST 24, 1935







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JULY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
I COMPARISON OF PRODUCTION 'POUNDS) FOR SAME FIRMS
CLASSES OF QN '
DRY Mi'LK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JULY 1935 JULY 1934 FIRMS* JULY 1935 JUNE 1935
WHOLE MILK 18 1,811,004 1,154,969 18 1,81 1,004 2,347,281
SKIM MILK 109 26,'747,373 24,737,437 III 26,843,323 33,675,455
PART-SKIM 2 98,366 119.220 2 98,366 82,662


CREAM POWDER
BUTTER ILK


2

66


4,671,501


1.6.260.


3.925.253


0
4 ____________ -


4.737.0R1


4. 97 7n0


- I. -. -- -- I ~ I. *~-~'~*~'-


REPORTS INDICATE THAT JULY PRODUCTION WAS PACKED AS FOLLOWS:


DRY WHOLE MILK: BAGS
DRY SKIM MILK: ",
DRY BUTTERMILK: "'


6.86%
38.39( 10,333,592 LBs)
97.23%( 4,605,789 Les)


BARRELS 29.75% CASES 63.39%
61.61%(61,585,731 LBS)
2.77%( 131,272 LBS)


PRODUCTION DRY SKIM MILK JUNE 1935 (INC UDING LATE REPORTS) BAGS 14,520 261 POUNDS
(42.52%); BARRELS 19,595,243 POUNDS, 57.38 ); CASES 0.10%; TOTAL 34,156,109
POUNDSo
* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

EXPORTS AND .IMPORTS OF DRY MILK DURING JULY 1935


EXPORTS

TOTAL JULY 1935
TOTAL JULY 1934
JAN. JULY (INC.) 1935
JAN. JULY (INC.) 1934


POUNDS


IMPORTS


280,786 TOTAL JULY 1935
221,665 TOTAL JULY 1934


1,521,766
1,868,105


JAN. JULY (INC.) 1935
JAN. JULY (INC.) 1934


CASEIN IMPORTS.JULY
CASEIN IMPORTS JAN. JULY (I.NC.).


1935

150,123 LBS.
1,192,891 LBS.


1934

299,004 LBS.
1,048,910 LBS.


DRY MILK MARkETS STEADY SUPPLIES HEAVY


THE GENERAL TONE OF DRY MILK
MARKETS DOES NOT SHOW MUCH CHANGE FROM A
MONTH AGO. TRADING IN SOME QUARTERS 'IS
A LITTLE SLOW, BUT ON THE WHOLE THE
STEADY FEELING OF LAST MONTH CONTINUES.
REGULAR MOVEMENTS OF GOODS INTO ESTABLISH-
ED TRADE CHANNELS HAVE BEEN SUPPLEMENTED
BY DELIVERIES ON GOVERNMENT CONTRACTS, AND
THE LATTER HAS LENT SUPPORT. PRODUCTION
IN JULY WAS SUBSTANTIALLY HEAVIER THAN IN
JULY OF LAST YEAR, BOTH ON DRY SKIM AND
DRY BUTTERMILK, ALTHOUGH DRY SKIM FOR
ANIMAL FEED IS SAID TO BE RUNNING ONLY
ABOUT THE SAME AS A YEAR AGO.

TOTAL PRODUCTION OF DRY SKIM MILK
IN JULY WAS APPROXIMATELY 27,000,000
POUNDS, 60 PERCENT OF WHICH WAS'IN BARRELS
INTENDED FOR HUMAN CONSUMPTIONo. THIS
JULY PRODUCTION REPRESENTED AN INCREASE
OF 8 PERCENT OVER JULY 1934, AND A DECREASE
CF 20 PERCENT UNDER THE' RECORD PRODUCTION
OF JUNE. THE JULY FIGURE IS ALSO A NEW
AIGH FOR THAT MONTH. DRY BUTTERMILK
PRODUCTION IN JULY WAS SLIGHTLY'ABOVE 42-
MILLION POUNDS, AN INCREASE.OF 19 PERCENT
OVER A YEAR EARLIER.
SALES OF DRY SKIM MILK IN -JULY
AMOUNTED TO 28 MILLION POUNDS, A DECREASE
OF BUT I MILLION POUNDS UNDER JUNE SALES,
WHICH, AS IN THE CASE .OF PRODUCTION, WERE
A NEW HIGH RECORD FOR THE MONTH. *BARREL
GOODS SALES OF .17 MILLION POUNDS AVERAGED
6.68 CENTS PER POUNDS,AND BAG SALES
APPROXIMATING II MILLION POUNDS;AVERAGED
4.13 CENTS., THESE PRICES WERE SLIGHTLY
BELOW THE JUNE AVERAGE. THE *AVERAGE -OF
COMBINED SALES OF BOTH CLASSES OF PRODUCT
AVERAGED 5.69 CENTS, COMPARED WITH 5.54
CENTS IN JULY 1934. DRY BUTTERMILK SALES
TOTALED 6 MILLION POUNDS AT AN AVERAGE


S1L 6ZL80 Z9UI lC

vaiO]ij O0 AIIS8AINn


PRICE OF 4.64 CENTS. IN JULY OF LAST
YEAR, SALES WERE 2r MILLION POUNDS ONLY,
AND THE PRICE WAS 4.17 CENTS,

STOCKS OF DRY SKIM MILK CONTINUE
HEAVY, BUT ARE CONSIDERABLY BELOW A YEAR
AGO. ON A SAME FIRM COMPARISON BASIS,
MANUFACTURERS' STOCKS ON AUGUST I WERE
32,649,000 POUNDS COMPARED WITH
38,930,000 POUNDSS A YEAR EARLIER, A
DECREASE OF 16 PERCENT. THE AUGUST 1
FIGURE, HOWEVER, REPRESENTS ALMOST A 5
PERCENT INCREASE OVER JULY I, WHEREAS
THE USUAL CHANGE DURING JULY IS A SLIGHT
DECREASE. THIS SAME GENERAL SITUATION
APPLIES PARTLY TO DRY BUTTERMILK ALSO
STOCKS OF 5,353,000 POUNDS ON AuGUST I
BEING LIGHTER THAN LAST YEAR, AND
HEAVIER THAN JULY I ALTHOUGH THE JItlY
INCREASE WAS IN LINE WITH THE USUAL.
CHANGE DURING THAT MONTH.
IN TERMS OF AVERAGE. DAILY REQUIRE-
MENTS AUGUST I STOCKS OF DRY SKIM REPRE-
SENTED A 40 DAYS SUPPLY COMPARED WITH 39
DAYS ON JULY I, AND 51 DAYS ON,AUGUST I,
1934. THE DIFFERENCE BETWEEN THIS YEAR
AND LAST INDICATES THAT THE QUANTITIES
MOVING INTO CONSUMPTION THIS YEAR HAVE
AVERAGED CONSIDERABLY ABOVE 1934.
THE CASEIN MARKET IS STEADY TO
FIRM.' TRADING IS MORE OR LESS QUIET,
BUT.THERE .APPEARS TO BE UNDERLYING
CONFIDENCE, WITH PROSPECTIVE FALL DEMAND
PRINCIPALLY RESPONSIBLE FOR THIS. PRICES
ARE 'REPORTED AS FOLLOWS: NEW YORK
WHOLESALE LOTS OF 20 30 MESH, 10-I-11
CENTS PER POUND. CHICAGO F.0OB. CAfLOTS,
,0-30 MESH, I CENTS: 60-70 MESH, IH;
00 MES:- 12,PHILADELUMIA JO NG
V.TS,C 3MES', N 2 CENTS.; MESH, 12-
I jU MESHT I30. NOMINAL CARLOT PRICES,
I7/-lT ClNrS.


AUGUST 1935


POUNDS


233,334
477
1,695,224

2,349


PAGE 2


0







SEPTEMBER 25, 1935


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR SEPTEMBER 1935
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 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 2- 4,639 13a 4 349,646 3- 2,249,762
2- 3 14 408,339 4 5 808,189 150
3- 3 15 1I 284,804 5-- 31,587
3 4 1,859,767 16 17 2'5,782 6, 7 -
4 4 6,748,480 67,625 7 8 12,11.8 162,627
4 5 984,395 14,400 18-- 192 32,750
5 5 326,733 362,473
5- 6 54,808 3,610,998
6 6. 28,618 3,337,565
g 7 7,885,072
7 7 853,189
7 8 3,135,365
8 8 719,955

TOTAL 10,007,440 19,986,642 1,113,439 3,057,951 194,364
GRAND TOTAL 29,994,082 1,113,439 3,252,315
AVERAGE PRICE 4.200 .6.64 4.210 7.140
AUG. 1935 5,830 14,930 4,380
JULY 1935 5.694 16.090 4.640
AUG. 1934 5.34 0 14.940 4.140
W u ,iM ----.. .- ---.- -- -.-.1.-.- -.-....


WHOLESALE PRICES REPORTED ON CASE GOOOS
Day WHOLE MILK I LBe CANS) 36p860 PER POUNDs


WHOLESALE SELLING PRICES F.


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
4.25
4 7.5
4.2
4.5 6


WERE AS FOLLOWS:


0. B. DISTRIBUTING POINTS AUGUST


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


,6.75' 8.5
5.83 8.5
6 8.5
5.5 8.5
6 '- 8
6.75 8


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO'


BAGS
6
4.25 6 6
4.25 6.E
7.1
7


BBLS.
8
8.09
3 8.09
2 9
7.84


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

TOTAL STOCKS ON HAND
CLASSES OF SEPTEMBER 1, 1935
DRY MILK PIN BGS IN BARRELS TOTAL POUNDS(A) FIRMS*
POUNbS) (POUNDS )OF
WHOLE MILK 16,701..' 3,370,100 5,382,823 21
SKIM MILK 7,666,934 21,481,559 '29,'195,324** 123
PART SKIM 0 86,379 119,414 3
CREAM POWDER 0 14,915 14,915 2
BUTTERMILK 5,569,683 254,158 5,823,841 72
(A). INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,996,022
POUNDS; SKIM, 46,831 POUNDS PART SKIM, 33,035 POUNDS.
**EQUIVALENT TO 35 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 MI-LK ON SEPTEMBER .1, WERE EQUAL TO APPROXIMATELY
35 DAYS' REQUIREMENTS IN COMPARISON WITH 40 DAYS ON AUGUST I,
1935: ;CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON
HAND SEPTEMBER I, 1934 WERE THE EQUIVALENT OF A 5Q DAYS' SUPPLY,
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
'TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
LRY MAILKS o PREVIOUS YEAR PREVIOUS MONTH
.FIRMS* SEPT.,II 935 SEPT. I,.1934 FIRM.*' ',SEPT. I1935. AUG. 1,1935
WHOLE MILK 21 5,382,.823 3,582,357 21 .5,382,823 5,031,468
SKIM MILK 120 28,692,173 38,692,935 .119 29,169,609 33,184,330
PART SKIM 3 1"19,414 103,736 3 119,414 135,826
CREAM POWDER 2 14,915 1 22666 -. 2 14,915 14,916
BUTTERMILK 69 ..' 5,805-010 7,549,662 '69 5,792,635 5,456.412
F RE I StO I N i NIrN Frn rnn. -I n-- -' -. 1 r F I. ,-, ,-. fI aM


1iuvLtr. v I I Ilv l NUMl ER OF FI DIVI UU IU t REPRESEb
FIRMS OPERATE MORE THAN O.:NE:"'PATORY ":
SEPOVER) 1
SEPTEMBER 1935


'URW1 f.-Ft.'ELW .""v'.
DOCUMENT DEOPPT,



U.S. DE"POTOIY


F


I- ~-`"~"~~~""""~"~"~~~-


T NUMBERVI fyr






PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS AUGUST'


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
CCOMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF OUsYEAR'PREVIOUS MONTH
DRY MILK PREVIOUS YEARREVOUS MONTH
.. FIpMS*~ AUG. 1935 AuG. 1934 FIRMS*. AUG. 1935 JULY 1935
WHOLE MILK 16 2.093,.063 1854,288 16 2 093,063 1,813,980
SKIM MILK' 1.5- 23,777,775 20,503,314' 1 15 23,833,775. 26,853,931
PART SKIM 2 .69,861- 11.,313 .2 69,86.1 106,437
CREAM POWDER 2 0 15.548 2 0 0
BUTTERMILK 67 3 .3,71567 3 101.',853 67 3,665,492 4,686.302
REPORTS INQI.CAT.E THAT AUGUST. PRODUCT ION WAS.PACKED AS -FOLLOWS:'
DRY WHOLE MILK: AGS 0,83 % BARRELS 58,86 CASES 40.31 .
DRY SKIM MILK 33.71 '(8,041,150 LBS) 66.29( (15,8412,948 .LBS)
DRY BUTTERMILK: "I 94.79 (3,565,599 Lss). II 6,2.1( 195,838 LBS)
PRODUCTION DRY SKIM MILK JULY 1935 (INCLUDING LATE REPORTS) BAGS 10,457 461 POUNDS
(38.39~); BARRELS 16,764,742 POUNDSij. (61.54); CASES 0.07;. TOTAL 27,-24I,55
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 1935


EXPORTS

TOTAL AUGUST .1935
TOTAL AUGUST 1934
JAN. AUG. (INC.) 1935
JAN. AUG. (INC.) 1934


POUNDS
242,626
:31i5,293
1.,764,392.
2,183,398


IMPORTS

TOTAL AUGUST 1935
TOTAL AUGUST 1934
JAN. AUG. (INC.) 1935
JAN. AUG. (INC.) .1934


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


1935
55,802' LBS.
1.,248,693 LBS.


MARKETS FULL .STEADY ON DRY. SKIM MILK -'- IPREGULAR ON OTIER CLASSES


The market on dry skim milk during
September was generally steady to firm with a
slight irregularity on other classes. .Much of
the strength on dry skim milk was derived from
the heavy deliveries on Government contracts
during July and August which more than offset
the increased production over the same months
last year and made it possible to reduce the
relatively heavy stocks on hand. Total sales
reported by manufacturers during August made a
new all-time record, amounting to 29,994,00.0
pounds, made up of 10,007,000 pounds in bags and
19,987,000 pounds in barrels. Deliveries on
Government contracts were largely responsible
for the heavy sales of. dry skim milk in barrels,
although within the. past month or' so some
Qfprovement has been noted in the demand from
commercial sources, and further improvement in
that quarter is anticipated. Prices on dry skim
milk continued to-hold practically unchanged
with occasional fractional'advances reported on
some lots.. The markets on other classes of dry
milk, such as dry whole milk and dry buttermilk,
were inclined toward some irregularity. Prices
on both of these products averaged lower than
in 'July. Prices on dry whole milk were
practically unchanged from that same month last
year but on dry buttermilk were slightly higher.

A generally heavy rate of milk pro-
duction during the: past few months continues to
be reflected in liberal output.of dry milk
products. The production of dry whole milk in
August was 13 percent, dry skim milk 16 percent,
and dry buttermilk 20 percent larger than in.
August.last year. At the present moment ...
production.conrlitions in most States point to a


continuation of the heavy milk flow, at least
until cows are housed 'for winter feeding, in
which case, it is reasonable to expect that the
current trend in the production of dry nilk
products will continue' during the remainder of
the fall.conths.

Stocks of dry skin milk showed a healthy
decrease during August. On September 1 nanu-
facturers of dry skin milk reported reserve
s-tocks amounting.to 29,195,000 pounds, the
equivalent of'35 days supply.' On August 1, this
year,. stocks amounted to 40 days supply, while
ia September 1, last year, they amounted to 50
days supply. ..Government buying was largely
responsible for this decrease in stocks, for
with. the recent relatively heavy rate of pro-
duction it is doubtful if commercial outlets
could have absorbed sufficient supplies to
prevent further accumulation of stocks.

The tone of the casein market improved
somewhat during'September. Demand broadened out
considerably over that of recent months, and as
stocks were not particularly heavy at any time,
prices showed some tendency to work higher. The
following prices were reported at Chicago:
L. C. L. lots, 11 to 12 cents on 20 to 30 mesh,
12 cents 60 to 70 nesh, and 12 to 13 cents on
100 mesh. C. L. lots 10-- to 11 cents on 20 to
30 mesh, li. cents 60 to 70 mesh, and 12 to. 12
cents 100 mesh. Casein delivered to points on
the' Atlantic Seaboard was quoted as follows:
L. C. L. lots, 30 mesh 11 to'12 cents 70 to
80 mesh 12 to 13 cents, and 100 mesh 12 to 1a3
cents. C. L. lots, 30 mesh 11 to 12 cents.


SEPTEMBER 1935


98PL 6ZL80 Z9ZI,

VaI OIj do AllSlAINn


POUNDS
294,186
24
1,989,410
2,373


1934
42,219
I,.091',.129


LBS.
LBS.


PAGE 2







OCTOBER 25, 1935.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF' AGRICULTURAL ECONOMICS
MARKET NEWS'SERVICE
DRY MILK MARKET REPORT. FOR OCTOBER 1935


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING PRICES DURING SEPTEMBER
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. 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 I DRY BUTTERMILK
ST B 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 22,285 13- 4 567,352 3 3- 51,000 -
3_ 4 953,697 14- 15 596,899 3 4 1,890,431
4 4 5,786,588 229,554 15 16- 259,142 4 5 816,689
4 5 1,142,669 1 17- 4,200 5- 6 2,776
5 5 123,608 838,557 17 1 102,316 6- 7- 114,950
5. 6 5,200 3,449,037 18 19 55,500 7 6 16,612
6 6- 231,600 2,602,999
S- 7 8,222,566
7 7 843,329
7 8 2,530,975
8 -8 740,950
TOTAL 8,265,647 19,457,967 1,585,409.1 2,758,120 134,338
GRAND TOTAL 27,723,614 1,585,409 2,892o458
AVERAGE PRICE 4.300 6.580 4.270 7.360
SEPT. 1935 5.900 15.170 4.410
AUG. 1935 5.830 14.930 4.380
SEPT. 1934 5.380 14.240 3,930
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS)- r 35.33 PER POUND.
WHOLESALE SELLING PRICES F. 0. B. DISTRIBUTING POINTS SEPTEMBER
DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
4.5
4.2 7.5
4.2 5.5
4.75 6

4.25 4.5


BBuS.
6.87 .8.5
5.85 8,5
5.5 8.5
5.5 8,5
6 7.72
7 8.25


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

4-.25 4.5


BBLS.
7.72 8
5 8.09
7.12.
6.8 9
7.12 7.84


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE 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.
uOIAL IOUCKb UN HANU
CLASSES OF 'OCTOBER I, 1935
DRY MILK IN BAGS IN BARRELS TOTAL POUNDS(A) FIRMS*
(POUNDS) (POUNDS) ___

WHOLE M4LK 62,28.1 .3,399,782 5,244,658 20
I SKIM MILK 6,430,966 17,780,503 24,250,68.1** 118
'K PART SKIM 0 66,091 93,165 3
CREAM POWDER 0 14,915 14,915 2
SBUTTERMILK 5,497,407 261,561 5,758,968 69
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,782,595
POUNDS; SKIM, 39 212 POUNDS; PART SKIM, 27,074 POUNDS.
**EQUIVALENT TO 28 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 OCTOBER: I, WERE EQUAL TO APPROXIMATELY
28 OAYS' REQUIREMENTS IN COMPARISON WITH 35 DAYS ON SEPTEMBER I,
1935: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
OCTOBER I, 1934 WERE THE EQUIVALENT OF A 48 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* OCT. 1,1935 OCT. 1,1934 FIRMS* OCT. 1,1935 SEPT. 1,1935
WHOLE MILK 20 5,244,658 3.437,481 20 5,244,658 5,382,823
SKIM MILK 116 24,229,317 37,905,556 118 24,250,681 29,099,583
PART SKIM 3 93 165 79.468 3 93,165 119,414
CREAM POWDER 2 14,915 36,251 2 14,915 14,915
BUTTERMILK 66 5,687,981 7,247,594 68 5,756,468 5,819,182


* FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
OCTOBER 1935


SINCE SOME







PRODUCTION OF DRY MILK REPORTED. Y MANUFACTURERS SEPTEMBER


UNITED STAT


INCLUDES REPORTS FROM PRINCIPAL FIRMSS OPERATING DRY MILK FACTORIES IN THE
ES.


CO, M~' lPAR, SON OF'.PRODUCTION ,PO.UNIDS) FOR SAME FI RMS
CLASSES OF YEAR .P~V.. IOUS MONTH
DRY M LK. PREvious YEA ous MONTH
__-_ FIRM.s* SEPT.J_,s 935 .SEPT. 934. FMS*i. SEPT..1935 AUG. 1935

WHOLE MILK. .1.8 2 5 1892 1 i 2, I54,256 2,093',063
:SKIM MILK. 1... 16... 21,.660,798 19,.6.10,,251 11.7 21,631 ,010 23,648375
PART SKIM .. 12_'52,549 '. 34,6.02 .' 2 52,549 69, 861
CREAM POWDER .2 .. ...... .. ..... .. 18,243 2 .0 .'
BUTTERMILK 63 70,891 .2,842238 67 3,002,416 3,717,862.


REPORTS INDICATE- THAT ..EPTEMBER PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS .484%. BARRELS 93.58% CASES 158%,
DRY SKIM MILK: .36.08.(7,838.,405 L..s) ." 63.92 (.'13,888,205 LBs)
DRY BUTTERMILK: ". 95.32%(2,878,232 LBS) ." 4..68%( 141,434 LBs)
PRODUCTION DRY SKIM MILK AUGUST "1935 (,NCLUDI NG LATE REPORTS BAGS .8,088,300 POUNDS
(33.83p); BARRLES"- Il5,8-17,635. POUNQS, (66.17%); TOTAL 23,905,935. POUNDS. ,
* FIGURES SHOWING NUMBER OF FIRMS 00DINOT.REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY*
EXPORTS-AND. IMPORTS OF DRY MILK DURING SEPTEMBER 1935


EXPORTS.

TOTAL SEPTEMBER 1935
TOTAL SEPTEMBER 1934-
JAN. SEPT. (INC.) 1935
JAN. SEPT. (INC.) 1934


POUNDS
281,909
363,342
2,046,301
.2,546,740,


CASEIN IMPORTS SEPTEMBER
CASEIN IMPORTS JAN. SEPT..(INC.)


IMPORTS

TOTAL- SEPTEMBER 1935
TOTAL -:SEPTEMBER 1934
JAN. SEPT. (INC.) 1935
JAN. SEPT. (INC.) 1934


1935
128,229 LBS.
.1,376,922 LBS.


1934
44,992 LBS.
1,136,121 LBS.


DRY MILK MARKETS.STEADY TO FIRM STOCKS LOWER AID PRICES SLIGHTLY HIGHER


The strength in the dry skim milk market
mentioned a'month ago carried. over into October,
according to the U.S. Bureau of Agricultural
Economics. Deliveries reported by manufacturers
for September were the' largest ever recorded for
that month, the increase in production over the
corresponding month of 1934 was smaller than in
August, and stocks showed a further substantial
decline. Fairly active buying was reported. 6r
october at slightly'higher prices.. Some"buybrs
appeared to0 be willing to anticipate future
roquirehe.n-s, but sellers wore not very
aggressive in making contracts at current' levels.
Sentiment was also stronger on other classes of
dry milk, with buying generally r.ore active
and prices higher.

Sales reported by dry skin.rilk anu-"
fadturers for Soptmb.er ampunted to 27,724,000
pounds. This was at.incre::so o:f approximately
-six.and a half million pounds over the sales of
September last year. Somnc of the increase was
due to delivery on federal contracts, but part
was due to heavier, buying from other sources.
'Prices of the Septenber sales averaged 5.9 counts
per pound, compared to 5.8 cents in August and
5.4' cents in'September 1934. Reports from un-
official sources.indicate that further slight
increase in prices of dry skin milk were made
in October.

Sales of dry whole nilk in September
were reported at 1,585,000 pounds, an increase
of 400,000 pounds over August. Prices averaged
15.1 cents per p6und compared to 14.9 cents
per pound in Augist, and 14.2 cents per pound
in September last year. Sales of dry buttermilk
were slightly smaller than in the preceding
month but the average price of .4.4 cents per.
pound was fractionally above the -4.3 cents in
August and the 3.9 cents in September a year
ago.

Production'of dry milk products continues
above that of a year earlier. The output of


9C9L 6?L80 Z9Il

Vai(O]d do AIIS3FAINn


dry whole milk in September was 41.8 percent
'larger than that of Septenber last year. Dry
skin milk showed'an increase of 10.5 percent
and.dry buttermilk 4.5 percent. Fall pastures
in most of the important dairy states are in
such.botter shape' than at this time last year,
feed supplies are more plentiful, and a good
rate of milk production is expected through the
remainder of the year. In view of this- .
situation, no immediate change in the trend of
production of dry milk products is likely to
occur.

Deliveries on Government contracts and
heavier buying by the commercial trade resulted
ini another sizable decrease in stocks of dry
*skit milk during September. Stocks declined
fro .'35 days supply.on Septenber to 28 days
supply on October 1, a decrease of 7 days supply.
During the sane period last year there was a
decrease of only 2 days .supply, stocks declining
from 50 days supply on September 1 to'48 days
supply on October 1. The supply situation on
dry skim milk at the present time is relatively
favorable for a steady to firm'market for the
next several months. Commercial buying is more
active than at any time within-the past few
months, and some manufacturers now are having
to fill practically all of their orders from
the current make. Recent propostall'of the
Federal Government for further bids on supplies
for relief purposes brought only partial
response.

.. 'The casein markets in October were full
steady to'firm. --Supplies were.limited at most
points,, while demand was fairly active. Prices
were.fractionally higher as follows: Chicago,
carlots, 20 to 30 mesh, 10 to0, 12 cents, 60 to
80. mesh, 11 to 12 cents, and.100. nesh, 111 to
13~ cents. Philadelphia, carlots, 30 mesh 12'
cents, 70 mesh 12- cents, and 100 mesh, 13 cents,
Jobbing .sal.es mostly 1 cent higher..


OCTOBER 1935.


POUNDS
320,483
498
2,309,893
2,871


PAGE 2









NOVEMBER 27, 1935.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
DRY MILK MARKET REPORT FOR NOVEMBER 1935


WASHINGTON, D. C.


MANUFACTURERS' WHOLESALE SELLING PRICES DURING OCTOBER
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 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.
3 3-0 160 14 14- 700,399 3 3-0 42,900 -
3 4 270,112 4 I5 493,066 3 4-- 2,476,799
4 --- -3I4y31 I5 1
4 4 2,351,431 15 271,774 4-- 5 3,259,292
S- 5 4,734,318 42,300 I6 17 400 5 6 -
5 52 820,249 161,819 17 18- 3,000 6 7 33,407
5 6 451,324 2,019,917 8-.- 192 84,406 7- 8- 107,944
6 62 16,217 2,027,253
6- 7 4,833,050
7 7 5,022,510
7- 8 3,388,363
8 8 87,537
TOTAL 8,643,811 17,582,749 1,553,045 5,778,991 141,351
GRAND TOTAL 26,226,560 1,553,0451 5,920,342
AVERAGE PRICE 4.580 6.670 4.500 7.500
OCT. 1935 5.980 14.981' 4.580
SEPT. 1935 5.900 15.171 4,410
OCT. 19345 5.320 14.450. 3.800
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:
DRY WHOLE MILK": (I LB. CA N) 35.43 PER POUND.
WHOLESALE SELLING PRICES F. 0. B. DISTRIBUTING POINTS OCTOBER
DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
4.5 5.375
4.5 6.25

4.5 5

4.5 5.5


BBLS.
7 8,2.5
5.5 8.5
6 8.5
5,25 8.5
6.654 8
7.25 8


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN, FRANCISCO


BAGS BBLS.
6,5 8
4.25 6 6 7.84
4.78 6.75 7.25
7 9
7 7.84


MANUFACTURERS'.STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE 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.


.ij
*1'


TOTAL STOCKS ON HAND
CLASSES OF NOVEMBER I, 1935
DRY MILK IN BAGS IN BARRELS TOTAL POUNDS(A) FIRMS
(POUNDS.) POUNDS) TTAPOUNDS(A
WHOLE MILK 16,453 3,165,048 4,903,533 20
SKIM MILK 3,540,376 14,566,766 18,140,977** 119
S PART SKIM 0 70,644 103,884 3
CREAM POWDER 0 1109 119 2
- BUTTERMILK 4,279,225 230,382 4,509,607 69


(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,722,032
POUNDS SKIM 33,835 POUNDS: PART SKIM 33,240 POUNDS.
**EQUIVALENT TO 21 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'
21 DAYS' REQUIREMENTS IN COMPARISON WITH 28 DAYS ON OCTOBER It
1935: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON
HAND NOVEMBER I, 1934 WERE THE EQUIVALENT OF A 47 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* NOV. 1.1935 Nov. 1,1934 FIRMS* Nov. 1,1935 OCT. I, 1935
WHOLE MILK 20 4,903,533 3,162,192 20 4,903,533 5,244,658
SKIM MILK 115 18,139,094 37,159,174 118 18,117,077 24;300,681
PART SKIM 3 103,884 72.455 3 103,884 93, 165
CREAM POWDER 2 119 '31,705 2 119 14,915
BUTTERMILK 65 4,483,318 7,429,046 .66 4,498,807 5,727,183
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIR~S OPERATE MORE THAN ONE FACTORY.
(OVER)
NOVFMRP~R 935







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS OCTOBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES,
COMPARISON OF PRODUCTION POUNDS) FOR SAME FIRMS
CLASSES OF
CLASSES OF PREVIOUS YEAR PREVIOUSMONTH
DRY MILK _____ _________________ ___________
FIRMS* OCT. 1935 OCT. 1934 FIRMS* OCT. 1935 SEPT.1935.
WHOLE MILK- 18 1,849,854 1,513,821 18 1,849,854 2,154,256
SKIM MILK 114 17,356,080 20,008.508 .116 17,368,963 21,6586771
PART SKIM 2 101,012 20,466 2 101,012 52,549
CREAM POWDER 2 0' '65 2 0- 0
BUTTERMILK 61 4,708,064 2,748,522 62 4,699,643 2,996,850


REPORTS INDICATE THAT OCTOBER PRODUCTION WAS PACKED AS FOLLOWS: .
DRY WHOLE MILK: BAGS 10.86% BARRELS 87.55 CASES 1.59/.
DRY SKIM-MILK: I 32.42%(5,643,015 LBS) 67.56%(11,761,323 LBS) 0.02%.
DRY BUTTERMILK: I' 97.37%(4,614,157 LBS) 2.63%( 124,686 LBS)
PRODUCTION DRY SKIM MILK SEPTEMBER 1935 (INCLUDING ATE REPORTS) BAGS 7,930,589
POUNDS (36.26%); BARRELS.- 13,941,855 POUNDS (63. 74); TOTAL 21,872,444 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 OCTOBER 1935


EXPORTS

TOTAL OCTOBER 1935
TOTAL OCTOBER 1934
JAN. OCT. (INC.) 1935
JAN. OCT. (INC.) 1934


POUNDS
252,480
162,618
2,297,644
2,709,358


CASEIN IMPORTS OCTOBER
CASEIN IMPORTS JAN. OCT. (INC.)


IMPORTS

TOTAL OCTOBER 1935
TOTAL OCTOBER 1934
JAN. OCT. (INC.) 1935
JAN. OCT. (INC.) -1934


1935
S 134,475 LBS.
1,511,397 LBS.


POUNDS
80,761
476
2,390,654
3,347


1934
120,396 LBS.
1,256,517 LBS.


DRY SKIM MILK MARKETS VERY FIRM LIGHT SUPPLIES AND PRODUCTION


Heavy sales and light supplies, which
were features of October dry skim milk markets,
are supplemented in November by a lowered rate
of production, with the result that the market
on this class of goods continues very firm.
This applies to products for both human and
animal consumption. Stocks have become so
short that some distributors are reported as
having withdrawn temporarily from the-market
because of inability to get supplies,-and
prices have advanced in some cases to the point
where bakers and confectioners are using less
dry skim than formerly due to increased cost.

Production of dry skim milk in October,
according to reports received by the U. S.
Bureau of Agricultural Economics-from manu-
facturers, was 13.3 percent less than in October
of last year, with a drdp of 20 percent under
September. This reduced output is more or less
in line with decreases in the production of
other dairy products, for October butter pro-
duction was 10.6 percent below a year ago, and
evaporated milk production was 21.5 percent
less. Cheese alone showed an increase in
October, a condition at least partly due to the
relatively more favorable cheese price situation
for in Wisconsin, where there was a 35 percent
increase in American cheese production over
October 1934, butter production was 2 percent
less. Milk production generally was down in
October, as evidenced by reports of the U.S.
Crop Reporting Board, which show that estimated
total production on November 1 was 3 percent
below a year earlier, whereas' on October 1 the
decrease was only 1 percent. In September
there was an estimated increase of 4 percent,
so that there has been a marked change during
the past two or three months. October production
of dry skim was apparently the lightest for that
month since 1929.

Stocks of dry skim have been depleted by
active movements into distribution, and on
November 1, current supplies wore estimated to
be equivalent to only 21 days' average require-
ments, compared to a 28 days' supply on
October 1, and 47 days' supply on November 1,


1934. Total stocks reported by manufacturers
as of November 1 were 18,140,000 pounds, a 51
percent reduction under a year earlier. These
stocks represent a decrease under October 1 this
year of 6,000,000 pounds, which is of signifi-
cance as a further indication of the firm tone
of the.market, for there is usually a smaller
reduction during October, and occasionally an
increase.

Reported sales of dry skim milk in
October were 17,583,000 pounds in barrels, and
8,643,000 pounds in bags, a total of 26,226,000
pounds. This was only 1,500,000 pounds less
than September sales, and was an increase of
4,600,000 pounds over October 1934. Prices
of both human food and animal feed products
increased slightly during October, and a trade
report indicates that further price increases
have occurred in November. October prices on
barrel goods averaged 6.67 cents per pound,
compared with 6.27 cents last year, with more
of an advance in the case of goods packed in
bags, 4.58 cents compared with 3.70 cents a
year ago.

Production of dry buttermilk in October
was-71.3-percent greater than October 1934, but
November 1 stocks were nevertheless 39.7 percent
lighter. Sales in October, amounting to
5,920,000 pounds were double those of a year ago
and more than twice greater than in September.
Prices of dry buttermilk in October averaged
4.58 cents per pound, compared with 3.8 cents
per pound a year earlier.

Casein markets are also very firm.
Supplies are unusually short and prices are
from 2 to 3 cents per pound higher than a
month ago, as indicated by the following:
Chicago, carlots, 20 to 30 mesh,'13 15
cents; 60 to 80 mesh, 14 151 cents; 100
mesh, 14 151 cents. Philadelphia, no
carlot prices reported. Jobbing prices on
30 mesh, 14- cents; 70 mesh, 15 cents; 100
mesh,. 15i cents. New York carlots of 20 30
mesh averaging 144 15 cents.


NOVEMBER 1935.


lLL 6ZL O Z9ZI

SIII 111111111111 11111111
V(1a107J 10 AIIS8l3AIN7


PAGE 2







DECEMBER 28, 1935


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR DECEMBER 1935
MANUFACTURERS' WHOLESALE SELLING PRICES DURING NOVEMBER
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE BROCERS 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 I DRY WHOLE MILK DRY BUTTERMILK
(BULKGOODS) -BULK GOODS) BUL (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
S- 3 618 14 14- 34,250 3- 4 2,128,563 -
3 3- 14-15- 1,034,059 4 5 3,346,608 6,300
3- 4 60,404 1I5- I\ 304,226 5- 6 419,288 -
4 4- 1,323,065 16- 17 47,421 6 72 8,943 135,280
4 5 1,725,360 17 -18I 7- 8 11,050
5 -, 5 469,492 11,300 18- 19' 9 12,675
53 6 1,432,399 872,260 19 20 121,598
6 6 174,749. 1,973,417
6-- 7 202,720 7,352,372
7 7 : 2,408,844
7 8 3,622,647
8 8 202,633
8 9 197,850
TOTAL 5,388,'807 16,641,323 1,541,554 5,903,402 165,305
GRAND TOTAL 22,030,130 1,541,554 6,068,707
AVERAGE PRICE 4.990 6.940 4.890 7.340
NCO. 1935 6.46~ 15430 4.96&
OCT, 1935 5.986 14.980 4.58
NOV! 1934 5.19 14.550 3.900
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS:


DRY WHOLE MILK


(I LB. CANS) 35.220 PER POUND.


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. Louis


BAGS
4.75 .-6.5
4.75 8.25

3.5 .- 6.5


5.5


DRY SKIM MILK
(CENTS PER LB.)
BBLS.
5.875 .- 8.5 KANSAS CITY
6.021 9.0 SEATTLE
5.0 "- 8.5 PORTLAND
.5.5 8.82 Los ANGELES
7.:64 8.5 SAN FRANCISCO
7.25. 8.5


BAGS

4.25 6.375
.5,-I


BBLS.
7.5 8.5
6.25- 9.07
6.54- 7.75
6.45- 9.07
7.5 8.58


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


BUTTERMI LK.


3,351,589


243,247


3,594,836


(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,542,157
POUNDS; SKIM 50,046 POUNDS; PART.SKIM 27,263 POUNDS,
** EQUIVALENT TO .2 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
OP DRY.SKIM MILK ON DECEMBER I, WERE EQUAL TO APPROXIMATELY
12 DAYS' REQUIREMENTS IN COMPARISON WITH 21 DAYS ON NOVEMBER I,
1935: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON
HAND DECEMBER I, 1934 WERE 'THE EQUIVALENT OF A 41 DAYS' SUPPLY.
COMPARISON OF TOTAL STOCKS RFPORTFD RV MANMIFAr.TIRFrRS


CLASSES OF TOTAL STOCKS (POUNDS) ON HANC FOR
DRY MILK PREVIOUS YEAR
FIRMS* DEC. 1, -1935 DEC. *1, 1934 FI.F
WHOLE MILK 22. 3,903,712 2,598,141 *
SKIM MILK I114 10,508,091 ..33,602,713 I
PART SKIM 4 90,68t .- 68,841
CREAM POWDER 2 19 28,588
BJTTERMILK .. 65 3,589;'851..... 6.325,242
"FIGURES SHOWING NUMBER OF FI MS"-O NOT REPRESENT NUM
FIRMS OPERATE MORE THAN ONEFAC-TURYR 193.
IDECMBE-R Ila,


R SAME FiRMS REPORTING
PREVIOUS MONTH
RMS* DEC. 1.,1935. Nov. 1, 1935
22' 3,903,712 4,903.,533
117 10,511,642, 18,.115,885
4 90,681' 103,884
2 119 119


3,591 ,851


MBER OF FACTORIES


4,522,707


SINCE SOME
(OVER)


TOTAL-STOCKS ON HAND
CLASSES OF DECEMBER 1936 15'_
DRY MILK IN BAGS IN BARRELS TOTAL POUNDS(A) FIRMS
POUNDS) (POUNDS O
WHOLE MILK '6,603 2,355 108 -3,903;868 23
SKIM MILK 1,398,372 9,112,-699 10.,561,117** 119

PART SK'I,!M 0 63,418 90,681 4
CRE:. FCDERR 0 O 883 883 3


, ,








PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS NOVEMBER


PAGE 2


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY-MILK FACTORIES IN THE
UNITED STATES;
COMPARISON OF PRODUCTION POUNDSS) FOR SAME FIRMS,
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK __.____"
FIRMS* Nov. 1935 Nov. 1934 FIRMS* Nov. 1935 OCT. 1934

WHOLE MILK 21 1,205,397 902,979 21 1,205,397 1,849,854

SKIM MILK 112 12,512,715 16,796,932 115 12,576,565 17,386,703
PART SKIM 3 48,033 13,285 3 48,033 101,012

CREAM POWDER 2 0 1,712 2 0 0

BUTTERMILK 63 2,221,340 2,350,696 65 2.221,170 4,745,993
REPORTS INDICATE THAT NOVEMBER PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 13.49 BARRELS 83;055 CASES 3.46d
DRY SKIM MILK: 23.89%(3,020,443 LBS.) 75.93%(9,599,106 LBS) 0.18%
DRY BUTTERMILK: ." 91.82 (2,052,910 LB.) "- 8.18%( 182,855 LBS)
PRODUCT ON DRY SKIM MILK OCTOBER 1935 (INCLUDING LATE REPORTS) BAGS 5,668,215
POUNDS 32.46%); BARRELS 11,789,588 POUNDS (67.52%); CASES 0.02; TOTAL -
17,460,828 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 NOVEMBER 1935


EXPORTS

TOTAL NOVEMBER 1935
TOTAL NOVEMBER 1934
JAN. NOV. (INC.) 1935
JAN. -'NOV. (INC.) 1934

CASEIN IMPORTS NOVEMBER
CASEIN IMPORTS JAN. NOV.


POUNDS
234,270
233,535
2,531,914
2,942,893


(INC.)


IMPORTS

TOTAL NOVEMBER 1935
TOTAL NOVEMBER 1934
JAN. NOV. (1'NC.) 1935
JAN. -.NOV. (INC.) 1934


1935
168,403 LBs.
1,679,800 LBS.


1934
86,915
1,343,432


POUNDS
1,810
0
2,392,464
3,347

LBS.
LBS.


DRY MILK MARKETS FIRM.- RESERVE STOCKS DROP TO NEW LOW RECORD FOR DECEMBER I.


DRY MILK MARKETS IN DECEMBER WERE
FIRM AT ADVANCING PRICES. PRODUCTION IN
NOVEMBER DROPPED SHARPLY UNDER THAT OF
NOVEMBER LAST YEAR, AND WITH SALES HOLD-
ING TO APPROXIMATELY THE SAME LEVEL AS A
YEAR EARLIER, RESERVE STOCKS HELD BY MAN-
UFACTURERS DROPPED TO THE LOWEST RECORD
FOR DECEMBER 1. AT SOME POINTS DEALERS
WERE UNABLE TO OBTAIN ANY SUPPLIES EVEN
THOUGH WILLING TO PAY PREMIUMS FOR IMMED-
IATE DELIVERY. THE AVERAGE PRICE FOR ALL
SALES MADE IN NOVEMBER WAS ABOUT CENT
HIGHER THAN THE AVERAGE PRICE RECEIVED IN
OCTOBER, AND AN ADDITIONAL ADVANCE WILL
LIKELY BE SHOWN FOR THE DECEMBER SALES.

THE STATISTICAL POSITION OF THE
DRY MILK MARKETS HAS SHOWN A MARKED
CHANGE DURING THE PAST TWO MONTHS. STOCKS
ARE NO LONGER EXCESSIVE TO THE DEMAND, IN
FACT, RESERVE SUPPLIES ARE BEING REDUCED
TO A'POINT WHERE FURTHER REDUCTIONS MAY
BE UNDESIRABLE WITHOUT AN OFFSETTING EX-
PANSION IN PRODUCTION. ON DECEMBER ,
MANUFACTURERS REPORTED TOTAL RESERVE
STOCKS OF DRY SKIM MILK OF 10,561,000
POUNDS. BASED UPON THE AVERAGE DAILY RE-
QUIREMENTS FOR THE PAST YEAR THESE STOCKS
WERE EQUAL TO APPROXIMATELY .12 DAYS SUPPLY.
A MONTH EARLIER MANUFACTURERS HAD 21 DAYS
SUPPLY OF DRY SKIM MILK ON HAND, WHILE ON
DECEMBER 1, 1934, SUCH MANUFACTURERS HAD
41 DAYS SUPPLY AVAILABLE. STOCKS OF
DRY BUTTERMILK AND DRY WHOLE MILK ALSO
SHOWED SUBSTANTIAL DECLINES DURING
NOVEMBER, BUT NOT QUITE AS LARGE AS THE
DECREASE FOR DRY SKIM MILK.

ALTHOUGH THE DEMAND FOR DRY SKlh/r
MILK HAS SHOWN SO~ME .IPROVrlAF.t- IlI RE-


SLLL 6ZL9O 91Z9

VOI1O-d do0 AJIS;NAINn
' "i i


CENT MONTHS, THE HIGHER PRICES AND GEN-
ERALLY FIRM TONE OF THE MARKETS IS MAIN-
LY ATTRIBUTABLE TO THE PRODUCTION'SITUA-
TION. THE OUTPUT OF DRY SKIM MILK IN
NOVEMBER WAS 28 PERCENT SMALLER THAN IN
OCTOBER, THIS YEAR, AND 26 PERCENT
SMALLER THAN IN NOVEMBER A YEAR AGO.
THE SHARP DROP IN THE OUTPUT .OF CREAMERY
BUTTER IN OCTOBER AND NOVEMBER, TOGETHER
WITH THE HEAVY MANUFACTURE OF AMERICAN
CHEESE MADE FROM WHOLE MILK, CURTAILED
THE SUPPLY OF SKIM MILK AVAILABLE FOR
MANUFACTURING PURPOSES DURING THESE TWO
MONTHS, AND THE OUTPUT OF DRY SKIM MILK
HAS DECLINED ACCORDINGLY. THIS SITUA-
TION CONTINUED DURING THE MAJOR PART OF
DECEMBER, BUT WITH AN EXPECTED INCREASE
JN MILK PRODUCTION FROM NOW ON, AND A
LARGER OUTPUT OF CREAMERY BUTTER, SOME
EXPANSION IN THE OUTPUT OF DRY SKIM MILK
IG ANTICIPATED.

THE CASEIN MARKETS CONTINUE VERY
FIRM WITH SUPPLIES SHORT AND BUYERS EX-
PERIENCING DIFFICULTY IN SATISFYING RE-
QUIREMENTS. PRODUCTION IS REPORTED TO BE
UNUSUALLY SMALL, AND ONLY NOMINAL QUANT1-
TIES ARE BEING OFFERED FOR SALE. ARGEN-
TINE CASEIN IS BEING OFFERED AT 9 CENTS,
C. I. F,, FRENCH AT 8-:-9 CENTS, AND NEW
ZEALAND AT 8- CENTS. ADVICES INDICATE
THAT SOME FRENCH CASEIN HAS ALREADY
ARRIVED AND SEVERAL OTHER SHIPMENTS IN
TRANSIT. DUE TO THE RESTRICTED TRADING
ON DOMESTIC CASEIN QUOTATIONS ARE LAROEL-V
NOMINAL, AND ON J BBING i.OTS 20 TO 30
MESH IS QUOTED 14q- TO '15 CENTS; 40.TO 70
MESH F5, TO IC fF.NTE, AND 1-00 M-ESHN 16
r, ^ UnITS.


DECEMBER 1935




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