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 )
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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:
AA00011437:00007

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


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Full Text





JANUARY 28, .1936


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


WASHINGTON, D.C.


DRY MILK MARKET REPORT. FOR JANUARY 1936
MANUFACTURERS' WHOLESALE SELLING PRICES DURING DECEMBER
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK DRY WHOLE MILK. DRY BUTTERMILK
(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.
4 4 519,116 14 140 256,025 3g 40 196,330
4! -5 592,707 14- 15 211,306 4 1,486,784
5 5 913,366 1,000 15 1 858,984 6 2,700,416
5 6 725,053. 1,119,965 6- 17 3,813 6 7 232,878 24,342
6 i 662,962 718,845 17 18 48,395. 7 8 41,900 120,190
S- 7 642,866 1,403,642 18 19 53,125 8j- -9 11,390
7 7 592,409 7,929,103 19 20 13,250
7- 8 1,100 3,424,387 20 21i 505
8 8 1,573,852
8 9 85,012
9 9 553,033
TOTAL 4,649,579 16,808,839 1,445,403 4,658,308 155,922
GRAND TOTAL 21,458,418 1,445,403 4,814.230
AVERAGE PRICE 5.650 7.260 5.570 7.910
DEC. 1935 6.910 15.700 5.640
NOV. 1935 6.460 15.430 4.960
DEC. 1934 5,250 14.660 13.860
WHOLESALE PRICES REPORTED ON CASE'GOOD9 WERE AS FOLLOWS:
DRY WHOLE MILK (I LB. CANS) 34.890 PER POUND.
WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING POINTS DECEMBER


DRY SKIM MILK
S(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. Louis


BAGS
4.5 7.5
4.25 6.75
5
6.5 6.95

7.5


BBLS.
5,875 8.5
6.02 9.5
6.16 .9
6.25 9.5
7.7 -. 9
7.7 9
7:7'


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
.iSAN FRANCISCO


BAGS

4.5 6.25
5.04


BBLS.
7.7 9
6.5 9.07
7.02 8
6.743 9.07
. 8 8.58


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.

I UIAL UOCK OUN HAND
CLASSES OF JANUARY I, 1936
DRY MILK IN BAG IN BARRELS TOTAL POUNDS(A) FIRMS*
(POUNDS (POUNDS
WHOLE MILK 1,713 1,631,824 3,027,982 20
SKIM MILK 1,068,810 5,894,065 7,011,298** 116
PART SKIM 0. 40,804 67,186 3
S CREAM POWDER 0 69 69 2
BUTTERMILK 3,810,606 198,679 4,009,285 66
(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,394,445
POUNDS; SKIM 48,423 POUNDS; PART SKIM 86,382 POUNDS. .
**EQUIVALENT TO 8 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 SK.IM MILK ON JANUARY -1, WERE EQUAL TO APPROXIMATELY
8 DAYS' REQUIREMENTS IN COMPARISON WITH 12 DAYS ON DECEMBER I,
1935; CALCULATED'ON THE SAME BASIS A YEAR AGO STOCKS ON
HAND JANUARY I, 1935 WERE THE EQUIVALENT OF A 38 DAYS' SUPPLY.
COMPARISON, OF TOJAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JAN. 1,1936 JAN. 1,1935 FIRMS* JAN. 1,1936 DEC. 1,1935
WHOLE MILK 20 3,027,982 2,093,104 20 3,027,982 3,903.712
SKIM MILK 116 7,011,298 30,802,360 114 7,001,323 10,491,141
PART SKIM 3 67,186 56,464 3 67 186 90,681
CREAM POWDER 2 69 23,116 2 69- 119
BUTTERMILK 60 3,994,985 6.030,712 65 4,007,485 3,554,151
FIGURES SHOWING NUMBER OF'FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY,

(OVER)
JANUARY 1936







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS DECEMBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING. DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION (POUNDS FOR SAME FIRMS
CLASSES O'F
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* DEC. 1935 DEC. 1934 FIRMS* DEC. 1935 Nov. 1935
WHOLE MILK 18 945,464 1,101,060 18 945,464 1 ,2Q.,397
SKIM MILK 114 15,455,924 162839 773 113 15,438,054 1'2,54-1665
PART SKIM 3 59,770 11,358 3 59,770 48',033
CREAM POWDER 2 0 1. 180 2 0 0:
BUTTERMILK 58 4,206,489 2,474,339 63 4,231,384 2,207,530


REPORTS INDI
DRY WHOLE MILK: BAGS
DRY SKIM MILK: "1
DRY BUTTERMILK: "


GATE THAT DECEMBER PRODUCTION WAS PACKED AS FOLLOWS:
8.64 BARRELS 83.09% CASES 8.27%
26.29%~4,065,123 LBS) 73.69%(11,393,261 LBS) 0.02%
97L45,,4,128.,652 LBS) 2.55%( 108,232 LBS)


PRODUCTION DRY SKIM MILK NOVEMBER 1935 (INCLU DING ATE REPORTS) BAGS 3,054,624
POUNDS (23.97%); BARRELS 9,665,167 POUNDS (75.85o); CASES 0.18%; TOTAL -
12,742,447 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 DECEMBER 1935


EXPORTS

TOTAL DECEMBER 1935
TOTAL DECEMBER 1934
JAN. DEC. (INC.) 1935
JAN. DEC. (INC.) 1934

CASEIN IMPORTS DECEMBER
CASEIN IMPORTS JAN. BEC.


POUNDS
219,306
167,841
2,751,220
3,110,734


(INC.)


IMPORTS


TOTAL DECEMBER 1935
TOTAL DECEMBER 1934
JAN. DEC. (INC.) 1935
JAN. DEC. (INC.) 1934
1935
1,549,906 LBS.
3,229,706 LBS. 1,


1934
147,708 L
491,140 L


'POUNDS
346,653
1,260
2,739,117
4,607


BS.


MANUFACTURERS' STOCKS OF DRY MILK DURING 1935
(POUNDS)
T935 DRY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
BAGS BARRELS TOTAL* (TOTAL) (TOTAL
JAN. 12,145,900 18.503,900 30 650,875 2,039,275 6,098 100
EB. I 10' 677 375 17,057,700 27 778 750 1,950,125 6,063 100
MAR. I 9 482 900 12,247 750 21 770,425 1,695 050 5,675 550
APR. 1 7 994 750 10 729,175 18,768,050 1,506,550 5,390 750
MAY 6 753 175 11 943,600 18 752,925 1 951,525 5,115 950
JUNE 8 303 000 16,186,325 24,538,025 2,654,700 4,720,700
'JULY 1 10 527 025 .21,322 425 31 893,300 4,394,225 5,062,050
AUG. 9,501 275 23 541 025 33,042,300 4,892,425 5,468 625
SEPT. I 7 666 925 21,481 550 29 195,325 5,382,825 5,823 850
OCT. 1 6,420 975 17,780,500 24 250,675 5,244,650 5,758 975
Nov. 1 3,5 0 375 14 566 775 18 140,975 4,903 525 4,509 600
DEC. I 1,39837 9 1 12,700 10,561,125 3903.875 3,594,825


* SOME CASE


GOODS INCLUDED,


DRY MILK MARKETS FIRM RESERVE STOCKS LOW AAND PRODUCTION VERY LIGHT


Additional strength in the dry milk
markets was gained during January. Supplies, of
dry skim milk were notably scarce, and a number
of brokers-were reported as refusing to accept
orders that were not subject to confirmation by
shippers. Demand.was generally steady to firm
at slightly higher prices, and further-.inroads
were made into reserve stocks held by manu-
facturers. Due to the light production of the
past several months and- the rapidly vanishing
reserve stocks, some importation of dry skim
powder from Holland was made around the middle
of the month, with even heavier arrivals
scheduled for late January and early February.

Sales of dry skim milk reported by manu-
facturers for December, 1935, amounted to
21,458,000 pounds, the largest sales ever
reported for any December. As far as is known
at the present time, no deliveries were made on
Federal contracts during that month. It is,
therefore, rather significant of a healthy
situation in the dry milk markets if the fore-
going volume can be absorbed by private users
at prevailing quotations. Prices reported for
the December combined sales of dry skim in 'bags
and barrels averaged 6.9 cents per pound, which
was an increase of approximately 4 cent over the
average price received in November and 11 cents
over the average price received in December 1934.
Prices on dry whole milk advanced in about the
same relative proportions, but dry buttermilk
was almost cent higher than in November and
2 cents.higher than in December a year earlier.


LZ9L 6ZL9O C JA

VOaIO_-Id d AI.ISaNAINn


Based upon a same firm comparison, reports
from manufacturers indicate that the output of
dry skim milk in December was about 8.2 percent
less than that of' the same month in the' preced-
ing year. The production of dry whole milk was
14.1 percent smaller, but that of dry buttermilk
vras substantially heavier. A continuation of
the December trend of light production of dry
skim milk into January was reported, with no'-
particular improvement expected before March.

Stocks of dry skin milk reported by manu-
facturers as of January 1, 1936, were, when
converted to a basis of supplies available in
terms of days, the smallest for that date ever
reported. Reports from manufacturers indicate
that at the beginning of the new year, stocks
held in reserve amounted to only 8 days supply
compared to 38 days' supply a year earlier, and
35 days supply for the January 1 five-year"
average.

The casein market continues full' steady
to firm. Current production is light and demand
fairly active. Carlot prices FOB Chicago for 20
to 30 mesh mostly 15 cents; 60-70 mesh cents;
and 100 mesh 15 to 16 cents. Jobbing pries
are cent higher than. the preceding quotations.
In the East no carlot prices reported, due to
the light volume of trading, but jobbing prices'
were mostly 16 to 16- cents for 60 to 70
mesh, and 16g cents.to 17 cents for 100
mesh.


1936


PAGE 2







MARCH 28, 1936.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
DRY MILK MARKET REPORT FOR MARCH 1936


WASHINGTON, D.C.


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 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 WH-OLE MILK DRY BUTTERMILK
(BULK GOODS) (B(BUK GOODSBULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES.
POUNDS POUNDl f3
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
S 3 3,321 1- 60 92,750 4 36,023 -
3 3- 1 I7 576,273 5 6- 1,370,932
3- 4 18,163 17 -18 349,921 6 7 2,516,685 1,800
4 L 143,700 ,800 7 8- 228,422 33,167
4 5 5 19 202 35,513 8 85,465
5 5 2,944
5 -6 833,609
6 61 1,157,512 57,065
6 7 752,690 389,130
7 7 2 2,186,003 2,416,587
7- 8 1,012,767 5,465,313
8 8 220,050 3,073,294
8 9 2,350,659
9 9- 219,884
9- 1,000
TOTAL .6,187,059 14,116,632 1,036,257 4,152,062 120,432
GRAND TOTAL 20,303,691 1,056,257 4,272,494
AVERAGE PRICE 6.960 7.84 .. 685 8.640
FEB. 1936 7.57 17.190 6.900
JAN. 1936 7.400 17.050 6.420
FEB. 1935' 5.710 15.710 1 4.270


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


REPORTED IN CASE GOODS
- 34.86 PER POUND.


WERE AS FOLLOWS:


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS.
7.50
6.5 7.375

.6.5

8


BBLS.
8.5 9
7.5 9.5
7.86 9
6.8 10
7.5 9.03
8.25 9


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS.

4.5 6.25
6.75


* BBLS.
8.25 9
7.25 9.C7
7.52 9.07
7.5 9.07
8.5 -- 8.58


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. MARCH 1 1936
DRY MILK IN BAG I .BARRE TOTAL POUNDS.(A)FIRMS*
POUNDS POUNDS

SWHOLE MILK 7,665 758,657 1,888,724 20
SKIM MILK 1,798,985 4,667,124 6,503,218** 124
PART SKIM 0 28,509 70,220. 3
I _
SCREAM POWDER 0 69 69 2
SBUTTERM ILK 1,456,792 221,332 1,678,124 70
-- (A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,122,402
POUNDS; SKIM 37,109 POUN-'- PART SKIM 41,711 POUNDS.
*-- -EQUIVALENT TO 8 DAYS' RUIREMENTS: 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 MARCH I, WERE'EQUAL TO APPROXIMATELY.
8 DAYS' REQUIREMENTS IN COMPARISON WITH 8 DAYS ON FEBRUARY I ,
1936: CALCULATED ON THE SAME BASIS A'YEAR AGO, STOCKS ON
.HAND MARCH I, 1935.WERE THE EQUIVALENT OF A 27 DAYS' SUPPLY.

COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAID FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK.
_______FIRMS* MAR. 1,1936 MAR. I ,1935 FIRMS* MAR. .1 1936 FEB. 11936
WHOLE MILK 19 ,888,549 1,697,476 1.9 1888,549 2,51,8,911
SKIM MILK 121 6,461,614 21,643,596 120 6,459,829 6,545,597
PART SKIM 3 70,2.20 .64,994 ; 3 .70,220. .72934
CREAM POWDER 2 69 5,228 2 69 69
BUTTERMILK 67 1,669,724 5,6B.7.253 9: 1,677,924 I-; 947,544


FIGURES SHOWING NUMBER OF FIRMS DO NpT REPRESENT NUMBER OF FACTORIES
FIRMS OPERATE MORE THAN ONE FACTORY,.......

(OVER).... :
MARCH' 1936


SINCE SOME







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS FEBRUARY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
I I S i-r-nqT, r, P


COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF PREVIOUS MONTH
DbRYf MILK __ PREVIOUS YEARPREVIOUS MONTH
FiRMS* FEB. 1936 FEB. 1935 FIRMS* FEB. 1936 JAN. 1936

WHOLE MILK 18 620,825 1,202,784. 18 .620,825 742,218
SKIM MILK 117 18,025,027 16,547,538 117 18,028,822 17,637,916
PART SKIM .2 85,259 25,057 2 85,259 68,107
CREAM POWDER 2 0 0 1.825 2 .0 0
BUTTERMILK 63 4,198,176 2,733,793 66 4,201.907 4,102,329


REPORTS INDI
DRY WHOLE MILK: BAGS
DRY SKIM MILK: "
DRY BUTTERMILK: '"
PRODUCT ON DRY SKIM M
POUNDS (31.84%); BARF
PRODUCTION DRY SKIM M


CATE THAT FEBRUARY. PRODUCTION WAS PACKED AS FOLLOWS:
0.61 BARRELS 93.051 'CASES 6.34%.
37.13Y(6,872,638 LBS) 62.87%(11,635,407 LBS)'
93.87%(3,964,163 LBS) 6.13%( 259,044 LBS)
IILK JANUARY 1936 (INCLUDING LATE REPORTS) BAGS 5 676,447
RELS 12,150,834 POUNDS (68.16%); TOTAL 17,827,281 POUNDS.
IILK JANUARY 1935 r 17,150,038 LBS. (SUBJECT TO REVISION)


* 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 1936


EXPORTS

TOTAL FEBRUARY 1036
TOTAL FEBRUARY 1935
JAN. FEB. (INC.) 1936
JAN. FEB. (INC.) 1935

CASEIN IMPORTS JANUARY ./


IMPORTS


POUND
236,20
223,38
540,99
435,54


)s


TOTAL JANUARY 1936
5 TOTAL JANUARY 1935
)2
$8
1936
I,638,955 LBS.


POUNDS
./J 1,263,321
36



1935
55,467 LBS.


_/ FEBRUARY IMPORTS NOT AVAILABLE.
DRY MILK MARKETS FULL STEADY TO FIRM PRODUCTION INCREASING BUT DEMAND REMAINS STRONG


The dry milk markets in March showed
very little change from the preceding month. A
firm to steady tone was reported at all points.
Some expansion in the production of dry skim
milk was reported, but as yet the current output
is hardly sufficient for present needs. Sales
of dry skim milk reported by manufacturers for
the month of February were slightly larger than
those of January, but substantially less than
in February last year. This latter change was
not at all unexpected, for, it will be recalled,
considerable quantities of dry skim milk were
delivered to the Federal Government on relief
purchase contracts during February last year,
while this year, such deliveries were very
small. The general supply situation, however,
was quite different a year earlier. Stocks
were large and moving slowly, whereas this year,
stocks were light and the demand from private
sources quite strong.

Prices of all classes.of dry skim milk
are holding full steady to firm.' The: average
price of all sales of dry skim milk reported
for February was 7.5 cents per pound. This
average was fractionally higher than the
average of 7.4 cents reported for January and
considerably higher than the average of 5.7
cents reported for February last year. The
average prices for dry whole milk and dry
buttermilk were also larger than in either the
preceding month or the same month last year.

The production of dry skim milk in
February was apparently 9 percent larger than
in February, last year, according to reports
from a representative group of manufacturers.
Some of this increase was due to the fact that
February this year.had an extra day, but a part
of the increase was due to expanding production.
It is reported that due to more favorable


prices for butter in relation to cheese, a
considerable quantity of milk formerly going
to cheese factories has in the past four to
six weeks been skimmed, with the butterfat
going to creameries and the skim milk to
concentrating plants. Certainly, prices paid
for dry skim milk and the small stocks of dry
skim milk held by ma'Tufacturers would seem to
have warranted this practice whenever feasible.

Stocks of dry skim milk in the hands of
manufacturers show practically no change.
Supplies available as of March 1 represented
only 8 days' supply, unchanged from the
preceding month, but less than the 27 days'
supply of March 1 last year. Stocks of dry
whole milk were about one-fourth less than on
February 1 this year, but slightly heavier than
on March 1 last year.

The casein market is steady to firm at
the moment. Some shading of prices was reported
early in the month, but it did not last long.
Production of casein in February was reported
as moderately heavy, when favorable prices for
both butter and casein resulted in the skimming
of the butterfat for butter and the use of the
dry skim milk in the manufacture of casein.
Within recent weeks, however, the skin milk is
said to have been used more in the production of
dry skin milk so that the output of casein has
fallen off again and the market has hardened
once more. Prices on casein are reported as
about the same as a month ago. Carlot prices
FOB Chicago on 20 to 30 mesh are about 14. to 15
cents; 60 to 70 mesh 14- to 15 cents; and 80
to 100 mesh 15- to 16 cents. Carlot prices;
delivered to Atlantic Seaboard points range
around 14 to 15 cents on 20 to 30 mesh; 15! to
16 cents on 60 to 70 mesh, and 161 to 17 cents
on 80 to 100 mesh. Jobbing prices are from
to 1 cent higher.


MAECH 1936


9LV'L 6.L80 9I1,

Vai OIi .o Ai.Sa:AiNn


PAGE 2


k


--i








APRIL 29, 1936.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
DRY MILK MARKET REPORT FOR APRIL 1936


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING PRICES DURING MARCH
STHE WHOLESALE PRICES GIVEN BELOW ARE BASED' UPON REPORTS FROM MANUFACTURERS
COVER N ACTUAL SALE'S' T 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
MAYBE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
....RY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
'(BULK GOODS) LK GOODS) (BULK GOODS) GO
REPORTED"SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
2 3 13,295 15 16 0 74,232 4- 5 8,700 -
3 3 I6 '7 623,486 5 6 1,072,200
3- 4 13,785 17- 18- 273,028 6 1,284,061
44 19 1,600 7- 8 1,182,740 138,518
4- 5 19- 20, 1,000 '8 9 21,936
5 5- 105,890
5 6 789,342 -
6 61 647,120 109,350
6 7 1,228,363 517,307
7 7- 2,455,287 1,610,171
7- 8 2,486,678 5,122,732
8 8 14,720 1,816,500
8B 9 5,878,691
9 9 555,965
9- 888
TOTAL 7,754,480 15,611,604 973,346 3,547,701 160,454
GRAND TOTAL 23,366,084 973,346 3,708,155
AVERAGE PRICE 6.990 .8.080 7.18 7.92w
MAR. 1936 7.720 17.190 7.,21
FEB. 1936 7.57,0 17.190 6.900
MAR. 1935 5.720 15.990 4.440


WHOLESALE PRICES REPORTED ON CASE GOODS
DRY WHOLE MILK (I LB. CANS) 34.160 PER POUND.


WERE AS FOLLOWS:


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
6.9 7.5
7 7.625*

4.3 6.5


BBLS.
7.97 9
8 9.5
8.03 9.75
7.5 9.5
8 9
8-25 9


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

4.5 6.5
6.51


BBLS..
8.5 9
7.25 9.07
7.55 9.07
8.25 10
8.25 8.58


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 APRIL I, 1936
DRY MILK IN BAG IN BARRELS TOTAL POUNDS(A) FIRMS*
(POUNDS) PO NDS

)i WHOLE MILK 7,574 629,115 1,507,461 22
SSKIM MILK 2,500,756. 5,308,524 7,840,656** 122
PART SKIM 0 17,.488 66,162 3

S CREAM POWDER 0 '. 69 _69 2
Io I BUTTERMILK 1,864,712 204,796 2,069,508 65
"(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 870,772
POUNDS: SKIM 31 376 POUNDS PART SKIM 48,674 POUNDS.
** EQUIVALENT T6 10 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 ARRIL I, WERE EQUAL TO APPROXIMATELY 10
DAYS' REQUIREMENTS IN COMPARISON WITH 8 DAYS ON MARCH 1,1936:
CALCULATED ON THE SAME BASIS A YEAR AGO STOCKS ON HAND
APRIL I, 1935 WERE THE EQUIVALENT OF A 23 DAYSt 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* APR. 1,1936 APR. 1,1935 FIRMS* APR. 1,1936 MAR. 1,1936
WHOLE MILK 21 1,507,270 1,509,749 22 1,507,461 1,888,549
SKIM MILK 120 7.827,779 18,631,016 120 7.787,,910 6,509,445
PART SKIM 3 66,162 57,014 3 6.6,162 70,220
CREAM POWDER 2 69 2,654 2 '69 69
BUTTERMILK 63 2,063,508 5,304,995 65 .;2,069,508 1,674,924
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
APRIL 1'936':
..:






PRODUCTION OF DRY MILK REPORTEb ~Y MANUFACTURERS MARCH


INCLUDES REPORTS FROM PRINCIPAL F( RMS OPERATE ING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION POUNDS) FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* MAR. 1936 MAR. 1935 FIRMS* MAR. 1936 .FEB. 1936
WHOLE MILK 17 91-0,315 1,557,906 -18 917,570 625,014
SKIM MILK 119: 22,335,756. i20,204981 119 22,331,977 18,562,522
PART SKIM 2 '53.,434 7,422 2 53,434 85,259
CREAM POWDER 2 0 0 2 1,125 1,730
BUTTERMILK 62 4,192,798 2,821,478 64 4,204,923 4,188,232
REPORTS INDICATE THAT MAitH PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS BARRELS 88.54% CASES 11.46%.
DRY SKIM MILK:, 35.40%(7,933,643 LBS) 64.60%(14,477,588 IBS)
DRY BUTTERMILK: '96.67%(4,064,827 LBs) 3.33( 140,096 LBS)
PRODUCTION DRY SKIM MILK FEBRUARY 1936 (INCLUDING LATE REPORTS) BAGS 6.930,307
POUNDS 25); BARREL ,675,222 POUNDS (62.75); TOTAL 18,605,529 POUNDS.
PRODUCTION DRY SKIM MILK'FEBRUARY 1935 16,761,035 LBS. (SUBJECT TO REVISION)
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 1936


EXPORTS

TOTAL MARCH 1936
TOTAL MARCH.1935
JAN. MAR. (INC.) 1936
JAN. MAR. (I.NC.) 1935


CASEIN IMPORTS FEBRUARY I/
CASEIN IMPORTS JAN. FEB. (INC.)
1/ MARCH:"IMPORTS NOT AVAILABLE.


POUNDS
267,474
169,069
808,466
604,617


IMPORTS

TOTAL FEBRUARY 1936 1/
TOTAL FEBRUARY 1935
JAN. FEB. (INC.) 1936
JAN. FEB. (INC.) 1935


1936
680,775 LBS.
2,319,730 LBS.


POUNDS
1,159,242
82,370
2,422,563
82,406


DRY MILK MARIKTS NERVOUS AND UNSETTLED PRODUCTION INCREASING


Following an uninterrupted rise in prices
which began with August, 1935, the dry milk
markets in April experienced a slight change in
sentiment. Although the market was still firm
as far as the immediate situation was concerned,
due to.current light supplies, the undertone was
nervous and unsettled. Comments from some
markets were to the effect that because of high
prices buyers were beginning to hold off,
particularly on large commitments, and in the
case of dry skim milk for animal feeding were
using substitutes whenever possible. Reports
from some quarters indicate that the baby chick
industry is using less than the normal
quantities this spring because of the price
situation. With the pasture season now under-
way and milk supplies increasing seasonally, the
heavier'production of dry skim milk in prospect
is also an unsettling factor.

There was, however, very little evidence
of weakness in the March sales of dry skim milk,
which, according to reports from manufacturers,
amounted-to 23,366,000 pounds, at an average
price of 7.72 cents per pound. Sales in March
were about 3,000,000 pounds larger than those of
February while the average price, was 0.15 cents
higher; compared to a year earlier, however,
sales were slightly smaller but the average price
was about 2.0'cents higher. On the other hand,
sales of dry whole milk were less than those of
February, this year, and March, last year, while
the price remained unchanged from the preceding
month. Sales of dry buttermilk were:smaller
than in February, but were considerably larger
than a year earlier. The average price on the
dry buttermilk sales reported was 7.21 cents per
pound, which was higher than the 6.90 cents.
reported for February and the 4.44 cents reported
for March last year.


Since the first of the year, the produc-
tion of dry skin milk has shown an increase over
the production of the corresponding month last
year. In January, the increase was small, but
in February it amounted to 8.9 percent and in
March to 10.5 percent. Present prices, together
with the very small stocks on hand, are likely
to lead to oven larger increases in the forth-
coming months.

Stocks of dry skim milk held by manu-
facturers on April 1, 1936, amounted to
7,841,000 pounds, which on the basis of the
average daily requirements for the past year,
amounted to 10 days supply. This was an increase!
of 2 days supply from the stocks of March 1, but
a decrease of 13 days supply from the stocks on
hand as of April 1, 1935. Stocks of dry whole
milk showed an decrease from March 1 but stocks
of dry'buttermilk increased by about 400,000
pounds. Stocks of dry whole milk were approxi-
mately'the same as on April 1, last year, but
stocks of dry buttermilk were only about 40
percent as large.

The casein markets i:. April were mostly
nervous and unsettled. Prices were slightly
lower, as heavier supplies met a generally dull
demand. Production has picked up somewhat, as
milk supplies in some areas are being skimmed,
with the butterfat going to creameries and the
skim milk to casein plants. Prices on casein at
Chicago, FOB in carlot lots, are mostly as
follows: 20 to 30 nesh l'4- to l4- cents; 60,to
70 mesh, 144 to 15 cents; and 80 to 100 mesh 15
to 154 cents. Carlot prices delivered to
Atlantic Seaboard points generally range as
follows: 20 to 30 mesh 14-- to 15 cents; 60 to 70
mesh 15 to 151 cents, and 80 to 100 mesh 16 to
16- cents.


* NOTICE: THE MAILING LIST FOR THIS REPORT WAS RECENTLY CIRCULARIZED. THIS *
* '8 THE LAST COPY WHICH WILL BE SENT TO YOUR ADDRESS, UNLESS THE CARD WHICH *
*WWAS PROVIDED IS RETURNED, OR WE ARE OTHERWISE ADVISED OF YOUR DESIRE TO HAVE
* THE REPORT CONTINUED. *
******^^***** ***************AP* *9*********************************


APRIL 1936

OZ1 L 6~i L i0 i 9 l : .l :.
II III IJ III Ifl U lkII#I 1111 1 lI

WOltO M jO AI1 3A IlI NI


1935
56,936 LBS.
112,403 LBS.


PAGE 2




4ti&v .


MAY 27, 1936.


UNITED STATES DEPARTMENT .0 AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE


WASHINGTON, D.C.


DRY MILK MARKET'REPORT FOR MAY 1936
MANUFACTURERS' WHOLESALE SELLING PRICES DURING APRIL
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)
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
2 30 7,260 15- 16-0 8,958 4- -5 ~ 34,500
3 3 17 420,969 6 258,175
3 4 7- 1 354,092 7 3,651,387
4 41 26,865 18 I 21,025 7 8- 149,102 83,011
4 5 19,744 19 2 8 89,645
5 5 3,033 2 -2- 9 10 2,800
5- 6 166,780 21 22 2,200
6 6 1,352,444 2,800
6 7 1,964,966 391,359
7 7 2,268,122 1,297,141
7k 8 4,823,705 2,519,639
8 8 230,389 7,085,847
8 9 4,693,672
9 9 2,710,699
9 10 119,078
TOTAL 10,863,308 18,820,235 807,244 4,093,164- 175,456
GRAND TOTAL 29,683,543 807,244 4,268,620
AVERAGE PRICE 7.18 8.23 7.060 8.380
APR. 1936 7.850 17.340 7,120
MAR. 1936 7.720 17.190 7.210
APR. 1935 5.810q 16.490 1 4.540
WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS FOLLOWS;
DRY WHOLE MILK (I LB. CANS) 33.450:PER POUND.
WHOLESALE SELLINGPRICES F.O.B. DISTRIBUTING POINTS- APRIL
DRY SKIM MILK
(CENTS PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
7.75
6.75 8.5

6.5 6.75


BBLS.
8.5 9.5
8.024 10
7.46 9.5
8 10
7.5 9.5
8 9.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS BBLS.
-9.5
6.75 7.5 9
6,53 8.32 8.75
- 8.25 10
-- 8.75 9.5


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.


(A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 749,710
.--- POUNDS; SKIM 37,560 POUNDS; PART SKIM 44,528 POUNDS.
** EQUIVALENT TO 12 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 MAY I, WERE EQUAL TO APPROXIMATELY 12
DAYS' REQUIREMENTS IN COMPARISON WITH 10 DAYS ON APRIL I,
1936: CALCULATED ON THE SAME BASIS'A YEAR AGO, STOCKS ON
HAND MAY 1, 1935 WERE THE EQUIVALENT OF A 23 DAYS' SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CL S OF TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
S. FIRMS* MAY I, 1936 MAY I, 1935 FIRMS* MAY I,.1936 APR. 1,1936
WHOLE MILK 21 1,556,077 1,951,527 22 1,556,461 1,507,461
SKIM MILK 117 9,534,119 18,538,809 .119 9,554,585 7,803,510
PART SKIM 3 74,743 77,348 3 74,743 66,162
CREAM POWDER 2 69 1.5230 3 680 69
BUTTERMILK 63 2,368,121 5J107,747 64 2,374,398 2,066,298
* FI i bi u ---


FIGURES SHOWI
FtRMS OPERATE


NG NUMBER OF FIRMS DO NOT REPRESENT NUMBER-OF.FACTORIES SINCE SOME
. MORE THAN ONE FACTORY
(OVER)
MA\Y 19i^C






PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS APRIL


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


REPORTS INDICATE THAT APRIL PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 0.38% BARRELS 91.63% CASES 7.99%.
DRY SKIM MILK: 39.70%(11,473,571 LBS) 6026 (17,417,403 LBS) 0.04.
DRY BUTTERMILK: 95.97%( 4,642,710 LBS) 4.03%( 194,777 LBS)
PRODUCT ON DRY SKIM MILK MARCH 1936 INCLUDINGN LATE REPORTS ) BAGS 8,036,179
POUNDS (35.69%); BARRELS 14,479,158 POUNDS, 64.316); TOTAL 22,515,337 POUNDS.
PRODUCTION DRY SKIM MILK MARCH 1935 20,383,037 LBS. (SUBJECT TO REVISION)
* 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 1936


EXPORTS


TOTAL APRIL 1936
TOTAL APRIL 1935
JAN. APR. (INC.)
JAN. APR. (INC.)


1936
1935


POUNbs
286,209
200,330
1,094,675
804,947


CASEIN IMPORTS APRIL
CASEIN IMPORTS JAN. APR. (INC.)

DRY MILK MARKETS STEADY TO FIRIM -


IMPORTS


TOTAL APRIL 1936
TOTAL APRIL 1935
JAN. APR. (INC,)
JAN. APR. (INC.)


1936
1935


1936 1I
2,448,486 LBS. 148,
6,541,944 LBS, 530

STOCKS LIGHT AND PRICES HOLDING


335
,265
,041


The present position of the dry milk
markets continues statistically strong. The
seasonal increase in milk production has been
slowed up by cool weather and backward pastures
in some States, although a more rapid increase,
from now on is possible. Stocks are still
light in comparison with both last year and the
5-year average, and with a fair sort of buying
demand within the next month or so it would
require a very sharp increase in production to
enable manufacturers to build up reserve 'stocks
to any appreciable extent, particularly on'dry
skim milk. Sales of dry skim milk reported'by
manufacturers for the month of April amounted
to 29,683,500 pounds, the largest sales ever
reported for April. Of this amount, 18,820,200
pounds were in barrels and 10,863,300 pounds'in'
bats. Prices in April advanced fractionally on
dry skim and dry whole milk, the average price
on sales of these two products during April.
being 7.85 cents per pound and 17.34 cents per
pound,.respectively. Prices on dry buttermilk,
however, failed to follow the foregoing trend,
and for the month of April averaged 7.12 cents
per pound compared with 7.21 cents per pound in
March. In comparison with the same month last
year, the average.price on dry skim milk sold
in April this year was about 2 cents per pound
higher, 1 cent higher on dry whole milk, and
2- cents higher on dry buttermilk.

Reserve supplies of all classes of dry
milk at the present time are very light. Stocks
of dry skin milk on May 1, 1936, reported by
manufacturers amounted to only 9,588,185 pounds

















'MAY 3
L9LL 6L890 9Z L C

VIIIIIII IIO IIISA IIiI1iNn
VO \Ol- d0 AI S5A=AINn


compared with 18,866,749 pounds on the same
date last year and 23,064,992 pounds for the
May 1 5-year average. Stocks of dry whole milk
on May 1 were about 20 percent smaller than on
the same date last year, and stocks of dry
buttermilk about 53,6 percent less.

Production of dry skim milk in April was
about 24 percent larger than the production of
April, last year. Production of dry whole milk
was about 39.0 percent smaller than a year
earlier, -bit dry buttermilk was about 60 percent
more. This large increase in production of dry
buttermilk was undoubtedly responsible for the
somewhat weak'market tone for this product in
April.

.The casein markets in May were slightly
unsettled. Demand was moderately active with
stocks light but production increasing. The
tone in late May was improved slightly by the
advance in cheese prices in Wisconsin-which may
cause some diversion of milk supplies from
casein plants to cheese factories. Carlot
prices F.O.B. Chicago were o cent lower at 14 to
14- cents for 20 to 30 mesh; 144 to 141 cents
for 60 to 70 mesh, and 14 to 15; cents on 80
to 100 mesh. Prices in the East were mostly
unchanged, with quotations on 20 to 30 nesh
ranging from 14-1 to 15 cents; 60 to 70 nesh 15
to 151 cents, and 80 to 100 mesh 16 to 16_
cents. Fresh casein was offered New York at
9 to 9- cents per pound C. I. F., and
Argentine casein at 9 cents.


POUNDS
2,725,130
518,697
7,033,362
760,003


LBS.
LBS.


PAGE 2


COMPARISONN OF PRODUCT ION, POUNDSS) .FOR SAME FIRMS
CLASSES.OF PREV 0US YEAR PREVIOUS MONTH:,
DRYMILK
FIRMs* APR. 1936 APR. 1935 FIROMS* APR-. 1936 MAR. 1936
WHOLE MILK .17 1,091,162 1,789.455. 18 1,100.,296 917,570
SKIM-MILK 1 16. 28,639,327 23,08,828. 1118 28i750,684 22,338,195
PART SKIM 2 86,108 '44,360 2 86,108 53,434
CREAM POWDER 2 0 15,065 3 2,445 1,125
BUTTERMILK 61 4,826,068 3,206,896 62 4,837,487 4,154,685








JUNE 27, 1936.


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


WASHINGTON, D.C.


DRY MILK MARKET REPORTT FOR JUNE 1936
MANUFACTURERS' WHOLESALE SELLING PRICES DURING MAY
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 CREDITS 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 BAG-S IN BBLS.
2 2- 10,917 15 15 15,051 4 50 23,200
2- 3 61,610 5 6- 1,254,653
3 I 339,300 6 7 1,482,384 -
3 4 17 8 132,964 7 1,678,274 52,681
4 4 26,907 9- 8- 118,465
5 31,95 19 25,000. 9 10 6,800
5 5 31,9931
5 6 194,920
6 6 1,401,684 176,850
6 7 1,471,276 307,635
7 7- 2,881,471 1,121,235
7 8 2,897,972 1,934,426
8 8 1,152,920 7,825,517
8 9 11,050 3,269,581
9 9 2,440,457
9- 10 1,718,363
10o-I 1 -
i0 II -
II 1,800
TOTAL 10,081,110 .18,795,864 573,925 4,438,511 177,946
GRAND TOTAL 28,876,974. 573,925 4,616,457
AVERAGE PRICE 7.200 8.36 7.140 8.48
MAY 1936 7.960 17.210 7 7.280
APR.1936 7.850 17.340 7.120
MAY 1935 5.840 16.290 4.710


WHOLESALE PRICES REPORTED ON CASE GOODS WERE AS
DRY WHOLE MILK (I LB. CANS) 35.06 PER POUND.
WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING


S FOLLOWS:


POINTS MAY


BOSTON
NEW YORK
PHI LADELPH.I A
CHICAGO
CLEVELAND
ST. LOUIS


BA

6.75

6.5

6.5


DRY SKIM MILK
(CENTS PER LB.)


,GS 'BBLS.
8 7.75 9.5
-..9.25 7.99 1.0
7.75 9.5
- .7. 7.35 9.5
- 7.5 9.5
- 7.25 8.25 9.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

4.5 7
6.5


BBLS.
9.5 .
7 8.75
7.76 8.75
7.76 10
7.29 -.9.5


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 JUNE I 1936
-DRY MILK IN BAG IN BARRE TOTAL POUNDS(A) FIRMS*
(POUNDS) POUNDS)
I WHOLE MILK 7,849 1,556,234 2,513,699 22
g ; SKIM MILK 7,514,771 10,952,502 18,508,111** 116
PART SKIM 0 64,280 103,864 3
SI CREAM POWDER 0 416 416 3
i e BUTTERMILK 2,343,755 257,246 2,601,001 64
) (A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 949,616
POUNDS; SKIM 40 838 POUNDS PART SKtM 39,584 POUNDS.
**EQUIVALENT TO 22 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 JUNE I, WERE EQUAL TO APPROXIMATELY 22
DAYS' REQUIREMENTS IN COMPARISON-WITH 12 DAYS ON MAY 1,1936:
CALCULATED ON THE SAME BASIS A YEAR AGO STOCKS ON HAND
JUNE I, 1935 WERE THE EQUIVALENT OF A 30 DAYS' SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CLASSES OF TOTAL STOCKS (POUNDS)'ON HAND FOR SAMEFIRMS REPORTING
DRY.MILK. PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JUNE 1,1936 JUNE 1,1935. FIRMS* JUNE 1;1936 MAY I 1936
WHOLE-MILK 21 2,512.498' 2,654,638 22 2,513,699 1,556,461
SKIM MILK 114 -18.474.110 23,993,479 116 18,508,111 9.494,780
PART SKIM 3 103,864 93*979 3 .103.864 74 743
CREAM POWDER 2 0 15,077 3 416 680
BUTTERMILK 64 2,601,001 4,649,685 64 2,601,001 2,366,598
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
JUNE 1936


I






PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS MAY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE"
.NI TED STAT-: ___ ..
COMPARISON OF PRODUCTION POUNDS) FOR SAME FIRMS
CLASSES -OF
DRY MILK PREVIOUS'YEAR PREVIOUS MONTH
.. ..' FI.RMS* MAY 1936 MAY 1935 FIRMS* MAY 1936 'APR. I936
WHOLE MILK..: 19 ,267,4177 1',892,395. 20 2,283,276 ,100,-296
SKIM MILK' 112 34,-691,412. 31,440,459 113 34,779.893. 28,395,021
PART SKIM 2 117,901 51,936 2 1'7,901 86,108
CREAM POWDER 2 0 0. 2 I,633.: '.. 2,445
BUTTERMILK 62 4,925,628 4,166,342 61 4,913,528 4,775,396
REPORTS INDICATE THAT MAY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 'BARRELS 96.95% CASES 3.05%.
DRY SKIM MILK: i" 39.88 (13,877,844 LBS) "60.10 (20,913,609 LBS) 0.02%.
DRY BUTTERMILK: 95.83%( 4,720,155 LBS) 4.17%( 205,473 LBS)
PRODUCTION DRY SKIM MILK APRIL 1936 (INCLUDING LATE REPORTS) BAGS 11,473,571
POUNDS (39.58%); BARRELS --.17,426,880 POUNDS (60.28 ); CASES 0.04% TOTAL -28,911,527
POUNDS.
PRODUCTION DRY SKIM'MILK APRILI935 23,445,438 LBS. (SUBJECT TO REVISION)
* FIGURES SHOWING NUMBER. OF FilRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS 'OPERATE MORE THAN ONIE FACTORYe
EXPORTS AND IMPORTS OF DRY MILK DURING MAY 1936


EXPORTS


TOTAL MAY 1936
TOTAL MAY 1935
JAN. MAY (INC.)
JAN. MAY (INC.


POUNDS
351,985
228,005
1,446,660
1,032,952


1936
1935


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


IMPORTS


TOTAL MAY 1936
TOTAL MAY 1935
JAN. MAY (INC.)
JAN.-, MAY (INC.)
1936
1,483,220 LBS.
8,025,164 LBS.


1936
1935


POUNDS
4,168,324
469,828
I1,201,686
1,229,831


1935
293,405 LBS.
823,446 LBS.


DRY MILK MARKETS STEADY TO FIRM SUPPLIES INCREASING RESERVE 'STOCKS STILL BELOW A YEAR AGO


Dry milk markets ih June exhibited but
little change from May. The tone was generally
steady to firm on a fair'volume of trading. *
Production of most classes.showed a seasonal
increase, but all offerings appeared to be r
absorbed readily at prevailing prices. Stocks
of dry skim milk held by manufacturers as of
June 1 were sharply increased over those of the
preceding month, but were still considerably
less than on June 1, 1935 or the' 5-year
average (1931-35). Sales of dry skim milk in
May were the largest for that 'month ever
reported, and current trade reports indicate.a
good volume of sales for June. Demand from
commercial sources, particularly for spray
process product, is.said to be very.good,
although comments from some quarters in the
East emphasize only a fair demand on roller
process for. animal, feed. Further commitments
for 1,200,000 pounds of dry skim, milk:were
made by the Federal Government for relief
purposes, during the month, a major part of
which.will be delivered in June, and complete
delivery probably not until late July.

In view of the rather short supply
situation, prices on all classes of dry milk
advanced frtctionally in May. Sales of dry
skim milk in May reported to the U.S. Bureau
of Agricultural Economics were made at an
average price of 7.9 cents per pound, the
highest average -price on that product for any
month since November, 1929. Prices on dry
whole milk averaged 17.2 cents per pound, a
slight decrease from the average price of
April, but dry buttermilk advanced to 7.28
cents per pound. This was also thelhighest
average price for any month since Augtst, 1928.

Production of all classes of dry milk
in May showed an increase over May of last
year, dry whole milk being about 20 percent ,...


61.9L 6ZLZO Zg9I.

P il II o IiiIII 111111111 111 11111


dry, skin milk 10 percent and dry buttermilk 18
percent greater than in 1935. The seasonal
increase in production from April- to May was not
quite as large as usual, 'due principally to
cool weather in some sections and dry weather
in others, "which retarded pasture growth and
held back to some extent'the usual seasonal
increase in milk production.

Reserve supplies of dry milk products
increased rather sharply in May, although
stocks on June 1 were still below the stocks of
June 1, 1935. The amount of dry skim milk
reported in manufacturers' hands increased from
9,588,000 .pounds on May 1 to 18,508,000 pounds
on June. l, dry whole milk from 1,556,000 pounds
to 2,513,000 pounds, and dry buttermilk from
2,374,000 pounds to 2,600,000 pounds. On the
basis of the average daily requirements for the
past year, stocks of dry skim milk available
as of June 1 were equivalent to a 22 days
supply, compared with the 12 days supply on
May 1, this;year, and th 30 days supply on
June 1, last year. The 5-year average on June 1
for the years 1931 to 1935 was a 35 days supply.

The casein market in May maintained a
full steady to firm position at the same prices
reported for the previous month. Reports
indicate that supplies are increasing, but
apparently are not excessive for this season
of the year. Demand seems fairly well
sustained and trading moderately active.
Quotations on carlots, delivered at Atlantic
Seaboard points are mostly 14l to 15 cents on
20 to.30.miesh, 15 to 15 cents on 60 to-70
mesh and.16.'to .16- cents. on 80 to 100 nesh.
Jobbing prices to 1 cent higher than a..month
ago... Some casein from Fratce is still being
imported, .but:quantities are 'very light., Some
limited offerings from Argentine ,offered at-.9g
cents C.I.F.


SU" E 1936
: .. !. '!.., ::,


PAGE 2










JULY 30, 1936.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURALJECONOMICS
MARKET NEWS SERVICE


WASHINGTON, D. C.


DRY MILK MARKET REPORT FOR JULY 1936
MANUFACTURERS1 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
(BULK' OODS)
REPORTED SALES
POUNDS


PRICE IN BAGS
4 4I0 -
4 5 26,735
5 -' 5 27,310
5-- 6 267,910
6 6 1,500,332
6- 7 2,460,220
7 7 3,430,468
7 8 1,513,813
8 8 589,757
S- 9 107,100
9 9 -
9 10 3,600
10 10-
10 II -
II -


IN BBLS.
3,525




158,400
1,053,581
3,315,527
7,282,090
5,861,898
3,143,572
352,208
3,606

1.664


IRY WHOLE MILK
(BULK GOODS)


REPORTED SALES


PRICE
15 1
I65 176-
17 18-
18 19 4
19; 20


POUNDS
224,790
43,925
399,325
137,181
52,221
34,900


DRY BUTTERMILK
(BULK GOODS)


PRICE


5-2
6,
7y


2


REPORTED SALES
POUNDS
IN BAGS IN BBLS.


41,550
2,378,018
4,292,698
95,221
-


188,887
10,750
8,000


TOTAL 9,927,245 21,176,071 892,342 6,807,487 207,637
GRAND TOTAL 31,103,316 892,342 7,015,1-24
AVERAGE PRICE 7.010 8.8906 6.930 8.340
JUNE 1936 8.290 16.530 6.97
MAY 1936 7.960 17.210 7.280
JUNE 1935 5.730 16.310 4.680


WHOLESALE PR ICES REPORTED ON
DRY WHOLE MILK (I LB. CANS) 35.380


CASE GOODS WERE AS FOLLOWS:
PER POUND.


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


BAGS
BOSTON 8
NEW YORK 6.5 9.25
PHILADELPHIA -
CHICAGO 6.5 7.5
CLEVELAND -
ST. Louis' 7 7.5


BBLS.
7.75 9,5 KANSAS CITY
7.99 10 SEATTLE
6.734 9.5 PORTLAND
7.5 1.1 Los ANGELES
7.5 9.5 SAN FRANCISCO
8.13 9.5
MANUFACTURERS' STOCKS OF DRY MILK


CBiGS BBLS.
9.5
4.5 7 7.76 8,75
6.75 7.76 8.75
7.76 9.75
7.29 9.5


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 SIOUCKS UN HAND
CLASSES OF JULY I 1936
DRY MILK IN BAGS IN BARRELS
DR MK (POUNDS) (POUNDS) TOTAL POUNDS(A) FIRMS*

SWHOLE MILK 45,783 2,141,456 3,852,191 21
SSKIM MILK 12,153,297 15,745,528 27,934,120** 120
SPART SKIM 0 127,850 170,474 3
; CREAM POWDER 0 5 5 2
BUTTERMILK 2,501,083 309,781 2,810,864 69
A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,664,952
POUNDS; SKIM 35,295 POUNDS; PART SKIM 42,624 POUNDS.
**EQUIVALENT TO 33 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'JULY I, WERE EQUAL TO APPROXIMATELY 33
DAYS' REQUIREMENTS IN COMPARISON WITH 22 DAYS ON JUNE 1,1936:
CALCULATED ON THE SAME BASIS A YEAR AGO STOCKS ON HAND
JULY 1, 1935 WERE THE EQUIVALENT OF A 3 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* JULY 1,1936 JULY 1,1935 FIRMS* JULY 1,1936 JUNE 1,1936
WHOLE MILK 21 3,852,191 4,391,664 21 3,852,191 2,513,699
SKIM MILK 120 27,934,120 31,414,076 119 27,893,720 18,594,301
PART SKIM 3 170,474 105,211 3 170,474 103,864
CREAM POWDER 2 5 15,071 2 5 _416
BUTTERMILK 68 2,807,364 5,047,259 66 2,794,014 2,604,375
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
JULY 1936


- -


--J-








PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JUNE


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION POUNDS :FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* JUNE 1936 JUNE 1935 FIRMS* JUNE 1936 MAY 1936
WHOLE MILK 18 2,664,759 2,431,290 18 .2,664,759 .2,283,276
SKIM MILK 119 36,967,586 33,548,288 118 36,813,586 35,113,389
PART SKIM 2 .126,605 86,010 2 126,605 117,901
CREAM POWDER 2 389 0 2 389 I .633
BUTTERMILK 65 7,307,083 4,978,314 63 7,206,274 4,962,230
R,,, .,__


nEPORTSi INDICATE THAT JUNE PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 2.96% BARRELS 93,850 CASES 3.19%.
DRY SKIM MILK: 38.50 (14,232,207 LBS) 61.50A(22,735,379 LBs)
DRY BUTTERMILK: 1" 96.54-( 7,058,460 LBS) 3.46%( 252,723 LBS)
PRODUCTION DRY SKIM MILK MAY 1936 (iNCLUDING LATE REPORTS) BAGS 14 198,539 POUNDS
(40,39%); BARRELS 20,950,710 POUNDS (59.59%; CASES 0.02a% TOTAL 35,.156,489 POUNDS.
PRODUCTION DRY SKIM MILK MAY 1935 32,279,721 LBS. (SUBJECT TO REVISION)
* 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 1936


EXPORTS

TOTAL JUNE 1936
TOTAL JUNE 1935
JAN. JUNE (INC.) 1936
JAN. JUNE (INC.) 1935


POUNDS
427,570
207,308
,874,230
,240,260


IMPORTS


TOTAL JUNE 1936
TOTAL JUNE 1935
JAN. JUNE (INC.)
JAN. JUNE (INC.)


1936
1935


POUNDS
3,327,462
232,059
14,529,148
1,461,890


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


1936
1,183,446 LBS.
9,208,610 LBS.


DRY MILK MARKETS STEADY TO FIRM PRODUCTION LIGHT DEMAND GOOD


The average price of dry skim milk sold
in June, 1936, was the highest for any month
since January, 1929. Total sales fdorthat
month of 31.103,316 pounds reported by manu-
facturers ofdry. skim milk to the United States
Bureau of Agricultural Economics were also the
largest for any month of record. These sales
comprised 9,927,000 pounds in bags and
21,176,000 pounds in barrels, at average prices
of 7.01 cents and 8.89 cents, per pound,
respectively. The combined average price was
8.29 cents, an increase of .33 cents per pound
over the average price for May this year, and
2.56 cents over June, last year. Included in
the June sales was the delivery of 8 cars on
Government contracts compared with no deliveries
in June last year. These deliveries, however,
were relatively small, as compared with total
sales. Sales of dry whole milk and dry butter-
milk in June were likewise relatively large,
amounting to 892,300 pounds and 7,015,000
pounds, respectively, but prices on these two
products showed a decrease from the prices in
May.

The demand for dry skim milk in June was
reported to be especially strong, both for
human consumption and animal feed. This demand
carried over into July with the market for
that month generally steady to firm. Some
buying undoubtedly developed because of the
drought situation in the Middle West and the
falling off in milk supplies in that area. Many
large users of dry skim milk.seeing the small
reserve stocks available bought rather heavily
in anticipation of future needs, and this
buying was responsible to some extent for the
moderate active trading in late Juhe and early
July.

Production of dry skim milk in June was
approximately 10 percent larger than in June
last year, and the largest ever reported for
June, judged by representative reports from
large manufacturers. The output of dry butter-
milk was 46.8 percent larger than a year






JUL
109L 6ZZ80 Z9ZI1

Vio'01IO- 10 A-IIS8SAINn


earlier, and that of dry whole milk 9.6 percent.
No definite information is available for July,
but reports on milk production indicate that in
those sections covered by the drought' the
supplies of milk available for manufacturing
purposes in July dropped off sharply. It is
reasonable to assume that the make of dry skim
milk in July will feol the effects of this
situation, although present prices for dry skim
milk are such as to encourage the conversion of
skim milk into powder whenever the manufacturing
facilities or milk applies are available.

Stocks of dry skin milk on July 1, 1936,
amounted to 33 days supply, compared with 22
days supply on June 1 and 39 days supply on
July 1, last year. Stocks of dry skin milk
were only slightly below the 5-year average for
July 1, so that while they are nuch less than
the.peak stocks for that date reported in 1929,
no ir.ediate shortage is indicated. Stocks of
dry whole milk and dry buttermilk increased
slightly from May to June, but were still
considerably less than the 5-year average
(1931-35) for July 1.

Casein markets in July were firm. Pro-
duction is reported to have fallen off due to
the drought, and supplies available for open
market trading have been relatively light.
Present prices for casein are reported to be a
matter of concern to some manufacturers, as a
few large users of casein-are said to be turning
to substitutes for the time being. Some casein
is now being imported, with advice from
Argentine and New Zealand showing a sharp
increase in production for export purposes this
fall and winter. Prices on casein FOB Chicago
in late July ranged from 15 to 15a cents per
pound on 20 to 70 mesh, and 15| to 16 cents on
100 mesh. Prices FOB points Atlantic Seaboard
were mostly 16 cents for 30 nesh; 16- cents for
70 mesh and 17 cents for 100 mesh.









Y 1936


1935
219,322
1,042,768


LBS.
LBS.


PAGE 2









AUGUST 28, 1936a


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


WASHINGTON, DIC.


DRY MILK MARKET REPORT FOR AUGUST 1936
MANUFACTURERS' WHOLESALE SELLING PRICES DURING JULY
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
'DRY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
(BULK GOODS) (BULK GOODS) (BULK GOODS
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAS -. IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
S-3 3,970 16 16-- 260,810 5 50 20,100
3 3F 16 -17 76,775 5 6S 1,414,743
3 4 7 633,871 6 7J 1,492,343
4 4 -41 18 l1 17,767 7- 8- 2,054,145 28,296
4 5 2 30,915 9- 151,050
23,8992
5 5i 23,899 20 2| -3 9 -li -
5--6 245,680 2 2 1,000 I 8,000
6 6k.. 516,390 -
6 7 "1,382,316 280,497
7 7- 2p999,257 1,215,725
7. 8 2,002 065 1,696,889
8 8 3 3,040,5\4 4,196,213
8 9 6,284,307
9 9 8 344,525
S 10 6,809 324,400
10 10 248,206
10 I 561,050
II 1 2,400
TOTAL 10,220,900. 23,154,212 1,021,138 4,981,331 187,346
GRAND TOTAL \. 33,375,112" 1.021,138 -5168.677
AVERAGE PRICE 7.3.7 8.63 7.170 8.98
JULY 1936 8,250 17.370 7.240
.JUNE 1936 8.290 16.530 6.970
JULY 1935 5,690 16.090 4.640


WHOLESALE PRICES
DRY-WHOLE MILK (I LB. CANs)


REPORTED ON CASE GOODS WERE AS FOLLOWS:
- 36.10 PER POUND.


WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING


POINTS JULY


DRY SKIM MILK
(CENTS.PER LB.)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
8
6,5 8,375
8
6.5 7,75
7.35
'7.5 9.5


BBLS.
8.75 10
,8335 11.5
8.5 "10
8.25 11,75
8.25 10 .
9.5 10


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO'


BAGS BBLS.
-10
4.5 7.5 7.75 9.25
8.125 9,25
8.75 10
8.23 9.25


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 TiANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, AND
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED..
TOTAL STOCKS ON HAND
CLASSES OF AUGUST I, 1936
DRY MILK N BAGS IN BARRELS TOTAL POUNDS(A) FIRMS*
POUNDS) (POUNDS)
L WHOLE MILK 46,443 2,165,930 4,267,508 20
SKIM MILK 10,636,805 14,188,714 24,869.034** 124
PART SKIM 0 82,449 120,407 3
SCREAM POWDER 0' 12 1.2 3
3 i BUTTERMILK. 2,295,487 339,067 2,634,554 66
i[ (A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 2,055,135
S 3 POUNDS; SKIM 43 515 POUNDS; PART SKIM 37,958 POUNDS.
**EQUIVALENT TO 29 '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 AUGUT .1,: WERE EQUAL TO APPROXIMATELY 29
DAYS' REQUIREMENTS IN COMPARISON WITH 33 DAYS ON JULY 1,1936:
CALCULATED ON THE.SAME BASIS A YEAR AGO, STOCKS ON-HAND
AUGUST I, 1935 WERE THE EQUIVALENT OF A'40 DAYS' SUPPLY,


CLASSES OF
DRY MILK


WHOLE MILK


COMPARISON:OF TOTAL STOCKS REPORTED


TOTAL STOCKS.(POUNDS) ON HAND


FIRMS*


PREVIOUS YEAR


AUG.: A .1936


Au .' I. 1935


BY MANUFACTURERS
FOR SAME FIRMS REPORTING


FIRMS*


-.1'A


4.2R6 773 .


R.031 4RR


PREVIOUS MONTH
AUG. 1,1936 JULY 1,1936
4.267,508 385211


O, ,' '--
SKIM MILK 123 24 865,411 32,983,595 122 24,840,934 27,93(
PART. SKIM 3 120,407 135,826 3 *120,407 17(
CREAM POWDER 2 14.916 3' 12 __


BUTTERMILK'


2.634:554


5,425,. 12


* FIGURES SHOWING NUMBER. OF FIRMS"DO NOT RE
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)


66


PRESENT NUMBER


50474
5


2,634,554 I 2,803,U'
:R OF FACTORIES SINCE SOME


AUGUST 1936


1 `--` -~- ~ --


I


, ,'








PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JULY


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


CLASSES OF
DRY MILK


COMPARISON OF PRODUCTION


PREVIOUS YE-AR -


FIRMS*


(POUNDS FOR SAME FIRMS


SFlPMs*


PREVIOUS MONTH
.IIiv 1936 I JUNE 1936


WHOLE MILK 15 ,S25,441 13 ,80_ 16 1,937,463 2,664,759
SKIM MILK 120 26,173.320 26,925,902 119 26,029,035 36,886,326
PART SKIM 2 24,379 106,437 2 24,379 126,605
-CREAM POWDER 2 0 0 2 1,137 389
BUTTERMILK 64 5,008,635 4,707,260 64 5,016,135 .7,219,239
REPORTS INDICATE THAT JULY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 7,52% BARRELS 91.35% CASES 1.13%.
DRY SKIM MILK: 32.43o(8,493,930 LBS) 67.51(.17,684,201 Las) 0.06o.
DRY BUTTERMILK: 95.61%(4,800,214 LBS) 4.39q'( 220,321- LS)
PRODUCTION DRY SKIM MILK JUNE1936 (INCLUDING LATE REPORTS) BAGS 14,232,207 POUNDS
(38,47%); BARRELS 22,763,028 POUNDS (61.53%; TOTAL 36,995,235 POUNDS.
PRODUCTION DRY SKIM MILK JUNE 1935 34,150,109 LBS, (SUBJECT TO REVISION)
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 1936


EXPORTS


TOTAL JULY 1936
TOTAL JULY 1935
JAN. JULY (INC.)
JAN. JULY (INC.)


1936
1935


POUNDS
382,510
280,786
2,256,542
1,521,046


TOTAL JULY 1936
TOTAL JULY 1935
JAN. JULY. (INC.)
JAN. JULY (INC.)


1936


CASEIN IMPORTS JULY
CASEIN IMPORTS JAN. JULY (INC.)
I/ NOT AVAILABLE.


1935
150,123 LBS.
1,192,891 LBS.


DRY MILK MARKETS FIIM RESERVES LIGHT AND DEMAND WELL SUSTAINED


The dry milk markets in August showed no
recession from the firm position of recent
months, particularly on grades used for human
food. Demand for such grades was reported to
be especially strong, and in some cases
deliveries were difficult to obtain. Production'
of dry skim milk is feeling the effects of the
drought, and the output for July dropped below
that of a year earlier, although still holding
considerably above the average for the 5-years,
1931-35.

Total sales of dry skim milk in July, this
year, reported by manufacturers to the U.S.
Bureau of Agricultural Economics., amounted to
33,375,000 pounds, the largest sales ever
reported for any month since record's became
available. Included in the July deliveries
were 320,400 pounds on Government purchases.
No information is available on total August
sales, but reports reaching the Bureau indi-
cate a well sustained volume. The demand for
dry whole milk is moderately strong, sales
reported for July being larger than the sales
in June this year or July last year. Sales of
dry buttermilk, however, dropped off from those
of the preceding month and the same month a
year ago. The baby chick season is about over
and the demand from baby chick feed mandfactur-
ers is said to be less active.

Production of dry skim milk in July was
2.8 percent smaller than in July, 1935~ accord-
ing to reports received from dry milk producers.
In spite of this decrease, however, production
in July was the second largest for that month


ever reported, ad in addition, was about
4,000,000 pounds larger than the average pro-
duction for July during the years of 1931-35.
ProduCtion of dry whole milk in July was about
6.I larger than a year earlier. The output of
dry buttermilk was 6.4 percent more.

Stocks reported by manufacturers on
August 1, this year, represented 29 days' supply,
based o0i the average daily requirement's for the
past year as calculated from reports made to
this Bureau, a decrease of 4 days' supply from
the stocks of July 1. Not since 1933 have the
August 1 stocks been smaller than those of
July 1, and in that year the decrease was only
1 day' supply. On August 1 last year manu-
facturers reported stocks amounting to 40 days'
supply. The 5-year average for August 1 is 37
days supply.

The casein market in August was full
steady to firm. Supplies of both domestic and
foreign very light and demand fairly good.
Reports on domestic production show that output
is relatively small due to drought conditions
in the Middle West. Some lots of Argentine
offered at 11- cents, but offerings not large.
Carlot. quotations. in. late August at Chicago.
were as follows: 20 to 30 mesh, 16& to 17 cents;
60.to 70 mesh, 17 to 174 cents; 100 mesh, 17
to 17f cents. Quotations delivered Eastern
Seaboard points: 17 to 171 cents on 20 to 30
mesh; 17 to 17i cents on 60 to 70 mesh,
and 18 to 18 ceiits on 100 mesh.


AUGUST 1936.


091 L 6ZL80 Z9Zl.

Voiaod do0 AiIs IAINn


IMPORTS


1936
1935.


POUNDS

233,334
I/
1,695,224


1 1~--------------


--


N


PAGE 2


uJ LY 1 936 JULY 1 935








SEPTEMBER 28, 1936.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS


WASHINGTOND.C.


DRY MILK MARKET REPORT FOR SEPTEMBER 1936
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.O.B. FACTORY ON THE BARIS OF CASH OR SHORT T!ME CREDIT. WIDE RANGES IN PRICES


MAY BE IN PART ATTRIBUTED TO


DRY SKIM MILK
(BULK GOODS)


DIFFERENCES IN QUALI


DRY WHOLE M!L.K
(BULK GOODS')


TY OR GRADE OF PRODUCT SOLD.


DRY BUTTERMILK
(BULK GOODS)


REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
5 5-0 21,952 15 15-0 120,000 5 5- 47,222 -
5- 15 16 127,393 5 6 1,213,570
6 6 696,395 1,200 6,-I7 1,000 6 7 1,738,249
7 807,883 17 18- 330,0727 8y 309,325 -
7 7- 2,113,378 614,647 I8 19- 449,351 10,600 196,706
7 -8 1,801,365 2,017,507 19 20- 910 9 -dI- 5,265
8 8- 2,054,941 1,433,511 20 21 44,831 1 1i -
9 276,450 8,647,912 II 12 3,900
9 9j 333,896 2,702,815
9-- 10 2,349,799
10. 10 47i.085
S1 11 390,473
II 1 106,800
1 I- 4,000_
TOTAL 8,106,260 18,739,749 1,073,557 3,318,966 205,871
GRAND TOTAL 26,846,009 1,073,557 3,524,837
AVERAGE PRICE 7,520 8.78 6.800 9.250
AUG. 1936 8.400 17.891 6.940
JULY 1936 8.250 17.370 7.240
AUG. 1935 5.830 14.930 4.380


WHOLESALE PRICES REPORTED ON
DRY WHOLE MiLK (I LB. CANS) 36.440


CASE GOODS WERE AS FOLLOWS:
PER POUND.


WHOLESALE SELLING PRICES F.O.B. DISTRIBUTING POINTS AUGUST


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO.
CLEVELAND
ST. LoUIS


BAGS

7 10.5

8 -9

7


BBLS.
9 C.
8.65 II.
9 10,
8,75 II
10.5 10.
9.25 10.


DRY SKIM MILK
(CENTS PER LB.)
5 KANSAS CITY
.25 SEATTLE 4
5 PORTLAND
5 Los ANGELES
93 SAN FRANCISCO
5


BAGS

4.5 -.7.5


BBLS.-
9.5 -T0.5
7.75 10.75
8,83 9.75
8.75 0O.-75
9.1.7 10


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 I. 1936
DRY MILK IN BAG IN BARREkS TOTAL POUNDS(A) FIRMS*
POUNDS POUNDS,
WHOLE MILK 30,680 2,167,011 -4,211,937 21
J! : SKIM MILK 8,546,017 11,855,998 20,447,737** 123
6L PART SKIM 0 56,206 85,247 3
L I
3 m CREAM POWDER 0 .. 8 8 3
BUTTERMILK .2,427,645 366,442 2.794,087 66
S- (A) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 2,014,246
POUNDS; SKIM 45 722 POUNDS PART SKIM 29,041 POUNDS.
**EQUIVALENT TO 23 DAYS' REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PAST YE4R, AS CALCULATED'
FROM REPORTS OF THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS
OF DRY'SKIM MILK ON SEPTEMBER I, WERE EQUAL TO APPROXIMATELY
23 DAYS' REQUIREMENTS IN COMPARISON WITH'29 DAYS ON AUGUST I,
1936: CALCULATED ON THE SAME BASIS A YEAR AGO,:STOCKS ON
HAND SEPTEMBER I, 1935 WERE THE EQUIVALENT OF A 35 DAYS'
SUPPLY.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
C .CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS.MONTH
iFIRMS* SEPT.1,1936 SEPT. I..935 FIRMS* SEPT.1,1936 AUG. 1,1936
WHOLE MI.LK 20 4,210,006 5 382;823 21 4i211,937 4,271 308
SKIM MILK 119 20j402,628 29i194,520 119 20,429t038 24i825,245
PART SKIM 3 .85,247 119,414 3 85,247 120,407
CREAM POWDER 2 0 14,915 3 8 12
BUTTERMILK 65 2,791,287 : 5.-817,157 65 2,791,287 2,638,904
FIGURES SHOWING NUMBER OF FIRMS bO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY,


SEPTEMBER 1936
SEPTEMBER 1936








PRODUCTION OF DRY MILK REPORT O BY MANUFACTURERS AUGUST


INCLUDES REPORTS FROM PAINCI'PAL'FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES, ,
00MPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* AUG. 1.936 AUG. 1935 FIRMS* AUG. 1936 JULY 1936
WHOLE MILK 16 1514,282 2,093,063 17 1,524,204 1,937,463
SKIM MILK 117 20,838,936 23,695,30! 11.7 20,839,198 26,039,013.
PART SKIM 2 55,820 69,861 2 55,820 24,379
CREAM POWDER 2 0 0 2 1,921 1',137
BUTTERMILK 62 .3,803,675 3,742,737 62 3,803,675 5,076,165
REPORTS INDICATE THAT AUGUST PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 3.30% BARRELS 94,28o CASES 2.42%,
DRY SKIM MILK: 26.78E(5,615,230 LBS) 73.18%(15,344,646 LBS) 0.04o4
DRY.BUTTERMILK: 95,23%(3,635,257 LBS) 4.77;( 182,018 LBs)
PRODUCTION DRY SKIM MILK JULY 1936 (INcLUDING LATE REPORTS) BAGS 8,514,045 POUNDS
(32.47%); BARRELS 17,695,097 POUNDS (67.476o); CASES, 0.06,; TOTAL 26,225,906
POUNDS,
PRODUCTION DRY SKIM MILK JULY 1935 --27,241,655 LBS. (SUBJECT TO REVISION)
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
ON ACCOUNT OF DELAY IN SECURING THE INFORMATION, STATISTICS AS TO
EXPORTS AND IMPORTS ARE BEING OMITTED FROM THIS REPORT.

PRODUCTION OF DRY SKIM MILK LIGHT MARKET FIRM


The September market on dry skim milk
for human food was decidedly firn. Offerings were
light, demand held up remarkably well, and
prices for most brands were advanced. Outlets
appear to be expanding aipng the bakery and
confectionery trades, and at times prompt
deliveries were difficult to obtain. Supplies
of dry skin milk, for animal feed, however, were
reported as being offered a little more
liberally at a number of'points than in recent
weeks, and prices on this class of goods failed
to follow the advance posted on dry skin milk
for human food. Supple s of dry buttermilk were
also said to be more liberal, but offerings of
dry whole milk were limited at all times.

Prices of dry skin milk in August
reached a new high for any montht h since December
1928. Sales of 26,846,000 pounds reported by
manufacturers to the UVS.i Bureau of Agricultural
Economics averaged 8,41ce ts per pound,
compared to 8.2 cents per pound in July'and
5.83 cents in August last year. Prices of dry
whole milk were about g cent higher than in
July and 3 cents higher than in Au ust last
year. Prices of dry buttermilk, howevet,
avurvgiuj 6.94 cents, were about ,3 cent less
than in July, although st 11 2 cents higher
than in August a year earlier. Sales of dry
skim milk in August were .bout 3,000,000 pounds
less than in August last year, ibut about
3,400,000 pounds larger than the 5-year average
August sales for the years of 1931-35,


The production of dry skin milk in
August, like other manufactured dairy products,
felt the effects of the drought tilopugh the
Middle West, and dropped 12.1 per cent below
the output of August last year. Sales reported
exceed production reported by an ample margin,
so that sizable withdrawals were made from
stocks held by manufacturers. Remaining stocks
held by manufacturers on September 1, as
reported to the Bureau, amounted to 20,448,000
pounds, approximately 23 days supply compared
with 29 days' supply oh August 1, and 35 days'
supply on September-1, last year. The 5-year
(1931-35) average for September 1 is slightly
over 34 days' supply.

The casein market in September-was full
steady, with trade fair, but not particularly
brisk. The firm dry milk market of recent
months has held the production of casein down
to some extent, and offerings of domestic
supplies were at no time liberal. Considerable
casein continues to be imported, which is a
large factor in maintaining prices ai their
present level. Up to the close of July, this
year, a total of 10,168,000 pounds had been
imported compared to 1,193,000 pounds during
the same period last year. Domestic prices
are unchanged from last month, with quotations
delivered Eastern Seaboard points as follows
17 to 17- cents on 20 to 30 mesh; 17- to 174
cents on 60 to 70 mesh, and 18 to 184 cents
on 80 to 100 mesh.


SEPEMBER 1936


ltCIL 6' LO 9IIS A N

Vl31071 do AISyaAINf7


PAGE- 2









OCTOBER 27, 1936.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
DRY MILK MARKET REPORT FOR OCTOBER 1936


WASHINGTON, D. C,


MANUFACTURERS' WHOLESALE SELLING PRICES DURING SEPTEMBER
THE WHOLESALE PRICES GIVEN 9ELOW 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-j@lj.LITY 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.
4 4-84 18 17- 3,600 4 5 13,746
4- 5 13,491 17 18 84,975 5 5- 20,400
5 5 4,519 .- 18 19 685,338 5- 6 103,500 -
5 6 28,550 19 20- 57,335 6&- 7- 1,945,840
6 6- 323,434 20- 2 1 32,546 7 81 156,587
6&- 7 1,254,076 1 22 20,060 27340 345,239
7 7i 1,185,312 303,856 9- 10- 7,150
7 8 508,633 '358,631 1 1- II -
.8 8 2,017,324 1,205,095 I|~ -2 8,400
8- 9 260,547 810,123
9 9- 15,000 7,898,819
-10 1,914,456
VO 10 5,811 4,226,013
10 196,435.
1f -H1 751,680
S- .' 3,200
I~TAL 5,616,781 17,668,308 883,854 2,267,413 360,789
'ANjD TOTAL 23,285,089 883,854 2,628,202
AVERAGE PRICE 7.440 9-.400 6.940 8.960,
1EPT.1936 0, 930 19,13 7.220
AUG. 1936 8.40 17.89 6.940
SEPT.1935 5.900 15.17.. 4.410


WHOLESALE PRICES REPORTED
DRY WHOLE MILK (I .LB. CANS) 34


ON CASE GOODS WERE AS FOLLOWS:
.980 PER POUND.


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


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
8 .8.25
7 10.5

8- 9
7.


* BBLS..
9 1I
8.5 11.75
9 11354
8.5 11,5
8.-75 10.354


.BAGS
KANSAS CITY -
SEATTLE 4.5 8.5
PORTLAND
Los ANGELES -
SAN FRANCISC -


7 -. 7.5 9.25 10..25
MANUFACTURERS': STOCKS OF DRY MILK


BBLS.
9,5 10.5
7.75 10.75
8.83 10.25
8.75 11.25
9.17 10.25


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


TOTAL'STOCKS ON HAND
CLASSES OF. 0TOBER I, 1936.
DRY MILK' IN BAG IN BARRELS
.(POUNDS POUNDS TOTAL POUNDS) FIRMS*
'WHOLE MILK 28,818 2,247,019 .4.091 834 20
SKIM MILK 8,556,769 14,027,112 22,621,064** 118
PART SKIM 0 53,787 82,622 3
CREAM POWDER 0 0. 0 2
BUTTERMILK 2,883,639 .2.73-,.-2 3 15699.1 65


(A) INCLUDES. CASE GOODS AS FOLLOWS: WHOLE MILK '1,815,997.
POUNDS; SKIM 37 1'83 POUNDS; PART SKIM 28,835 POUNDS.
**E-UIVALENT .TO 26 DAYS1 REQU'EfREMENTS : ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR'THE PAST YEAR, AS CALCULATED
FROM REPORTS OF THE BUREAU OF AGRICULTURAL EONOMI.CS, STOCKS
OF DRY SKIM MILK ON OCTOBER I, WERE EQUAL TO APPROXIMATELY
26 DAYS' REQUIREMENTS .IN COMPARISON WITH 23ODAYS dN SEPT. I,
1936: CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON
HAND OCTOBER.I, 1935 WERE THE EQUIVALENT OF A 28 DAYS'
SUPPLY,


2 'I
n8
a a.

--zo

fc~il


COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON.HAND FOR SAME FIRMS REPORTING
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MILK
FIRMS* OCT. '1,1936 -OCT. 11935 FIRMS* OCT. 1,1936 SEPT.-I,1936
WHOLE MILK 19 4,090,341 5,244,658 19 4,090,341 4,210,306
SKIM MILK 113 22,551,764 .24,.151,647 117-. 22,602,664 20,433,516
PART SKIM 3 82,622 93,165 3 82,622 85,24
CREAM POWDER. 2 0 14,915 2 0 0i .
BUTTERMILK 2 .3,115.091 5.694,145 64 3.140,991. 2,792,787
* FIGURES SHOWING-NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
OCTOBER 1936


I






PRODUCTION OF DRY MILK REPORTED.:BY. MANUFACTURERS SEPTEMBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATESi
.QOMPAR.IS.N .QF PRODUCTION (POUhOS). FOR SAME. FIRMS
CLASSES OF
DRY MILK PREV'I OuS _E.AR PREVIOUS..MONTH
FIRMS* SEPT.193 SET,935 FIRMs SEPT .1936 AUG. t936
WHOLE MILK. 17 .1 305 676, 456 .17 1,305. 676 ,514,282
SKIM MI LK 112 21, 968,922' 2,1 ,3.5,22$ 116 2,099, 364. 20,986,685.
PART SKIM 2 3', 290 52',54b 2 63' 290 55,620.
CREAM. POWDER 2 ,.65' .. 0 ... 2 2 .: 5 I 921
BUTTERMILK 60 6 3,005717 2,967.,87.9 61 .3,053,067 3,814,168
REPORTS INDICATE THAT SEPTEMBER PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK:'BAGS 4..10. .BARRELS .95.255 CASES 0.65%.
DRY SKIM MILK: "* 25.90G(5,732,078 LBS) .74. 10((.16,402,386 LBS)
DR BUTTERMILK: 91.:1 1(2,7.95, 106. LBS) 8.896 ( ..'272,.76: .'LBs)
PRODUCTION DRY SKIM MILK AUG. 1936 INCLUDINGN LATE. REPORTS)' BGS 5,753,845 POUNDS
(27.26%); BARRELS 15,344,646 POUNDS (.72,7o); :CASES, O..04o; TOTAL..21,107,887
POUNDS.
*PRODUCTION DRY SKIM MILK AUGUST 1935 23,905,935 LSS. (SUBJECT TO .REV.ISION)
*FIGURES SHOWING NUMBER OF FIRMS d" NOT REPRESENT NUMBER'OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN dNE FACTORY.
EXPORTS AND IMPORTS OF DRY MILK DURING AUGUST.1936


EXPORTS


T,OTALAUG. 1936
TOTAL-AUG. 1935
JAN.-,UG. 1936
JAN.-AUG. 1935


POUNDS
31 1,695
242,626
2,568,237
1,763,672


TOTAL-JULY 1936
TOTAL-JULY 1935
JAN.-JULY 1936
JAN.-JULY 1935 -


S IMPORTS
POUNDS
1,638, 152 TOTAL-AUG, 1936
.233,334 TOTAL-AUG.1935
16,167,300 JAN.-AUG. 1933
1,695,224 JAN,-AUG.1935


POUNDS
2,508,532
294,186
18',675,832
1,989,410


CASEIN IMPORTS
QASEIN IMPORTS
CASEIN IMPORTS
CASEIN IMPORTS


JULY
JAN.-JULY(INC)
AUGUST
JAN.-AUG.( INC)


1936
958,963 LBS.
10,167,573 _LBS.
1-,695,571 LBS.
11,863,144 LBS.


1935.
150; 123 LBSt.
1,192,891 LBS'
55,802 LBS.
1,248,693 LBS.


PRODUCTION OF DRY SKIM MILK IMPROVES SUPPLIES ACCUMULATING SLIGHTLY


The manufacture of dry skim milk in
September reflected the improvement in milk
production brought about by generous rains and
improved pastures throughout the Middle West.
Reports from' leading manufacturers indicate
that the total output of dry 'skim milk for the
month will exceed that of September last year.
by 1 to 2 percent at least. September is the
first month since June that the production'has
been larger than that of the corresponding
month of 1935. Current reports oh weather and
oiher conditions indicate that the let down in
milk production in October was. no greater than
usual', .which would -lead to- the conclusion that
th- improdvement- in -the production~ of dairy
products iToted in September w9uld carry over
into October....... ....

S .Although the -demand for dry skim milk
continues moderately-strong, supplies appear to
be aCcoumulating slightly, as stocks reported
by manufacturers on-October represented an
increase of 3 days supply during September
compared.to a decrease of 7 days supply for the
same month last year:. Normally stocks of dry
skim .ilk held by manufacturers decrease around
3| million pounds during September, but this
year there was a gain of slightly over 2 million
pounds. Supplies have been supplemented this
year by heavy imports, which to the end of
August' amounted to 18,675,832 pounds compared to
1,989,410 pounds imported during the same period
of 1935.


Sales of dry skip milk in September
amounted to 23,285,000 pounds, according to
reports made'to the U.S. Bureau of Ag'ricultural
Economics, a decrease of around 3-- million
pounds from the August sales this year, and
4j million pounds from the September sales last
.year. Prices in September averaged 8.93 cents
per pound, the highest average price for any
month since March 1928. Stocks of dry skim milk
held by manufacturers on October 1 amounted to
26 days' -supply, compared to 23 days' on.
September 1, this year and 28 days' supply on
October 1,. last year. Reserve supplies of dry
skim milk, however, are still far from the
record for October 1 of. 48. days.': supply in 1934.

In general, the casein market in October
was slightly less active than in previous
months, but without any particular change in
sentiment. Some manufacturers reported a fair
make in September, but on the whole the improve-
ment in milk production that took place in late
September and early October seems to have been
reflected in a heavier production of other manu-
factured products than casein. Demand at the
present moment is rather quiet, but is expected.
to pick up to some extent in the next few weeks.
Wholesale prices have remained practically .t-
changed, with.carlot quotations-'delivered Eabtern
Seaboard points mostly as follows: 20 to 30
mesh, 17 to 17- cents; 60 to 70 mesh, 17- to 17a
cents; and 80 to 100 mesh, 18 to 18L cents.
These prices are about 30 higher than in October
last year.


OCTOBER ,136


ZSVL 6ZL90 1Z91 C

vaiaou1zi :o AlSH3AINn


PAGE 2







NOVEMBER 27, 1936.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
DRY MILK MARKET REPORT FOR NOVEMBER 1936


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.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.
4 4-0 222,200 17 17 3,400 4 41 51,500 -
4 5 171 I8- 61,540 4 5 17,400
5 5 19,239 9 5 6 787,527
5- 6 28,150 19 20 3,88,582 6 7- 828,747
6 623,144 20- 21 438,457 7 8 1,324,390
S- 7 1,943,086 21 22 35,220 8 9 21,960 209,262
7 7- 826,505 313,455 22 23 5,000 9 10 38,153
S- 8 561,103 92,850 23p 24 276 10.-- II-
8 8- 882,168 1,238,02911 4,400
8 9 103,350 1,688,921
9 9- 20,900 3,044,993
9- 0 7,706,518
10 10 4,556,522
0o I 1,341,080
II 1 451,759
I11 2 38,200
12 2- 2,000
TOTAL 5,229,845 20,474,327 932,475 3,031,524 251,815
GRAND TOTAL 25,704,172 932,475 3,283,339
AVERAGE PRICE 7.110 9.56t 7.060 9.30
OCT. 1936 9.060 20.550 7.230
SEPT.1936 8.930 19.130 7.220
OCT. 1935 5.980 14.980 4.580


WHOLESALE
DRY WHOLE MILK (I LB.


PRICES REPORTED ON CASE GOODS WERE
CANS) 35.720 PER POUND.


AS FOLLOWS:


WHOLESALE SELLING PRICES FOB DISTRIBUTING POINTS OCTOBER


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS


BAGS
8
6 8.875


7.5 8


DRY SKIM MILK
(CENTS PER LBS.)
BBLS.
9 I I KANSAS C.TY
8.65 11.75 SEATTLE
9 II PORTLAND
8.75 11.75 Los ANGELES
3.75 10.93 SAN FRANCISCO
8.35 II


BAGS

4.5 8.5


6.75


BBLS.
9.5 11.5
7.75 10.75
8.83 10.25
8.75 11.25
9.17 10.75


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 THrJ-u"
OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGNMENT, rAtL..
WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT'DELIVERED.


CLASSES OF
DRY MILK


CLASSES OF
DRY MILK


TOTAL STOCKS Of
_NOVEMBER 1,


IN BAGS
(POUNDS )


IN BARREl
(POUNDS


WHOLE MILK 2.572


SKIM MILK


PART SKIM


8.989.620


I. 4


17.043.61


35,416


CREAM POWDER 0 0


BUTTERMILK 3,085,063 319,873 1 34043 936_ L 7
(A) INCLUDES CASE GOODS AS-FOLLOWS: WHOLE MILK 1,680,935
LBS; SKIM 29 357 LBS; PART SKIM 31,376 POUNDS.
EQUIVALENTNT T6 29 DAYS' REQUIREMENTS: ON THE BASIS OF THE
AVERAGE DAILY REQUIREMENTS FOR THE PnST YEAR, AS CALCULATED
FROM REPORTS OF THE BUREAU OF.AGRICULTURAL ECONOMICS, STOKS
OF DRY SKIM MILK ON NOV. WERE EQUAL O APPROXI ATELY .
AYS' REQUIREMENTS IN COMPARISON WITH b DAYS ON CT. ,36:
AL YS TED ON THESAME BASIS A YEAR AGO STOCKS ON HAND NOV.
,./95 WERE THE EQUIVALENT OF A 21 DAY' SUPPLY.
MOTALK SCKS0 OCTI 1R193 (INCLUDING LAE REPORTS) DRY WHOLE
MILK ,092,184 LBS' ORY SKIM MILK 22660,039 LBS; DRY
BUTTERMILK 3,159,9s1 LBS.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS


TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING


PREVIOUS YEAR
_ ,


F I RMs*I


Nv. I 1973


Nov 1 1935 FIRMs
*


PREVIOUS MONTH
Nov. 1,1936 OCT. I1936


WHOLE MILK 20 4,253,749 4,903,533 J20 4,253,749 4,090,691
SKIM MILK 1.13 25,883,062 18,029,763 113 25,786,767 22,543,426
2-A' I


PART RKIM


M AERC POWDER


66.792


I 8RR4


I I OI 12 1 ^


119


U


BUTTERMILK 62 3,281 036 4 .5,007 65_ 3,324,436 3,120,491
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
NOVEMBER 1936


I


-L,


66,79.C I


082, 61


.c.






PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS OCTOBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
_CC S OF -COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF
DRY MILK _PREVIOUS YE/,R PREVIOUS MONTH
FIRMS* OCT.1936 OCT.1935 FIRMS* OCT.1936 SEPT. 1936
WHOLE MILK 17 1,413,311 1,849,854 17 1,413,311 1,307,776
SKIM MILK 110 23,531,644 17,255,458 110 23,489,457 22,079,514
PART SKIM 3 52,494 101,012 3 .52,494 63,290
CREAM POWDER 2 0 0 2 0 0
BUTTERMILK 63 3,416,179 4,725,693 66 3,452,579 3,035,867


REPORTS INDICATE TH/,T OCTOBER PRODUCTION WAS PA-\CKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 7.66s BARRELS 91.47e CASES 0.87
DRY SKIM MILK: 24.14(5.811,565 LBS) 75.86d(18,267,642 LBS)
DRY BUTTERMILK: 92.34%(3,250,255 LBS) 7.66%( 269,674 Les)
PRODUCTION DRY SKIM MILK SEPT. 1936( INCLUDING LATE REPORTS) BAGS 5,732,078 LBS.
(25.90%); BARRELS 16,402,386 POUNDS (74.10/); TOTAL 22,134,464 POUNDS.
PRODUCTION DRY SKIM MILK SEPTEMBER 1935 '21,872,444 LBS. (SUBJECT TO REVISION)
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
EXPORTS AND IMPORTS OF DRY MILK DURING SEPTEMBER 1936


EXPORTS

TOTAL SEPTEMBER 1936
TOTAL SEPTEMBER 1935
JAN. SEPT. (INC.) 1936
JAN. SEPT. (INC.) 1935


CASEIN IMPORTS SEPTEMBER
CASEIN IMPORTS JAN. SEPT.


POUNDS
291,153
281,492
2,859,390
2,045,164


IMPORTS

TOTAL SEPTEMBER 1936
TOTAL SEPTEMBER 1935
JAN. SEPT. (INC.) 1936
JAN.- SEPT. (INC.) 1935


1936
1,821,910 LBS.
13,685,054 LBS.


(INC.)


POUNDS
3,123,924
320,483
21,799,756
2,309,893


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


OCTOBER PRODUCTION OF DRY SKDI MILK INCREASED SHARPLY OVER A YEAR EARLIER.
GOVERNMENT BUYS 2,000,000 POUNDS


The dry milk markets in November ruled
generally steady to firm in spite 6f a sharp
increase in the production of skim milk in
October over a year earlier and a continuation
of this trend into November, according to the
U.S. Bureau of Agricultural Economics. Offerings
were liberal at most points, but were not pushed,
and appeared to be absorbed readily by a
moderately good demand. Of considerable
interest to the trade and a factor of strength
to the market was the announcement of the
purchase of 2,000,000.pounds of dry skim milk
by the Federal Government for relief distri-
bution. Deliveries are to be made during
December and the first week in January, and this
will aid in the reduction of stocks held by
manufacturers, which in October were increased
as a result of the heavy production of that
month.

Sales of dry skim milk in October as
reported by manufacturers amounted to 25,704,000
pounds, an increase of 21 million pounds over
the sales reported in September this year, but
about 1 million pounds less than in October
1935. Sales, however, did not keep pace with
production, as is normally the case for this
season of the year, and stocks showed an unsea-
sonal gain from October to November. Stocks
held by manufacturers usually decline around a
million pounds between these two months, but
this year there was an increase of about 3-2
million pounds. On the basis of the average
daily requirements for the past year,: as
calculated from reports of this Bureau, stocks
of dry skim milk on November 1 were equal to
approximately 29 days' requirements in
comparison with 26 days on October 1, this year,
end 21 days on November 1, last year. Stocks
of dry whole milk and dry buttermilk increased
franionr-lly, but dAenline on pm. skin milk.


Prices on dry milk products show no
evidences of weakening. Sales of dry skin milk
in October averaged 9.06 cents per pound, the
highest price since March, 1928, when it like-
wise averaged 9.06 cents, Prices on dry whole
milk averaged about 1- cents higher than in
September, this year, but dry buttermilk
remained practically unchanged.

The production of dry skin milk in
October followed the general trend of dairy
products to higher levels, and undoubtedly
established a new high output for that month.
Such information as is available at the present
time indicates an increase of around 36.5
percent over the production of October last year,
and a contra-seasonal gain of 6.5percent over
Septombe 1, this year. These large increases
were the direct result of the mild and open
weather which prevailed up to the latter part of
October in practically all of the principal
dairy States, and which led to an usually large
production of ,;ilk in that month. The pro-
duction of dry whole milk and dry buttermilk,
however, did not follow the example of dry skim
milk, decreases under a year earlier of 23.6
percent and 27.7 percent, respectively, being
registered.

The casein market appears to be in a
full steady position. Demand only fair, but
supplies not particularly heavy and rather
firmly held. Prices mostly unchanged from
previous month, with 20 t6 30 mesh, in carload
lots, laid down Atlantic Seaboard points, quoted
17 to 17- cents, with some few lots 2 cent less;
60 to 70 mesh, 17- to 17- cents; and 80 to 100
mesh, 18 to 18- cents. Casein.from
A.rgenine is qiiobod around 104 cents, c.i.f.


NOVEMBER 1936


6SLL 6~Z80 Z9ZL

V(aiOI17 Jo AJIISN3AINn


,o.


PAGE 2









Decer.ber 29, 1936.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR DECEMBER 1936
MANUFACTURERS' WHOLESALE SELLING PRICES DURING NOVEMBER
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
(BULK GOODS) (BULK GOODS) -(BULK GOODS
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
41- 5 17,418 15 15- 41,865 4 5- 20,300
5 5- 5- 16 300 5 880,260
51 6 33,000 16 17- 20,000 6 7 817,454
6 6- 447,019 17 7 88- 1,333,718
S8 37,524,333,718 -
S- 7 1,507,050 19 20,000 8 9100 37,524
7 7 1,522,449 9- 20- 369,348 -9- -0- 9,890 71,536
71 8 2,276,164 423,925 20- 211 57,906 101-I -
8 202,171 419,934 21 22 202,450 I- 6,625
3 9 1,331,207 22y- 23 15,200
9 9 12,000 2,125,358
9- -10 21,448 5,495,815
10 -I 0 1,856 3,087,722
10 I 1,572,724
II II 411
1 -12 -
12 12 1,000
TOTAL 6,040,575 14,458,096 727,069 3,061,722 115,685
GRAND TOTAL 20,498,671 727,069 3,177,407
AVERAGE PRICE 7.15 -9.620 6.920 9.570
NOV. 1936 8;890 20.780 7.010
OCT. 1936 9.06 20.550 7.230
NOV. 1935 6.460 15.430 4.960


WHOLESALE PRICES REPORTED ON CASE GOODS WERE
DRY WHOLE MILK (I LB. CANS) 35.14 PER POUND.


BOSTON
NEW YORK
PHILADELPH
CHICAGO
CLEVELAND
ST. LOUIS


AS FOLLOWS:


WHOLESALE SELLING PRICES FOB DISTRIBUTING POINTS NOVEMBER


DRY .SKIM MILK
(UENTS PER LBS.)
.BAGS BBLS.
7.875 8.25,. 9 II KANSAS CITY
6. .- 10.5 8.65 11.75 SEATTLE
IA .. 8.92 II PORTLAND
.7 9 8.5 12 Los ANGELES
7 8.5 II SAN FRANCIS
7 7.5 9.25- II


CO


BAGS

4.5 8.5


6.75


BBLS.
9.5 1
7.75 10,75
8.83 10.25
8.75 -.11.75
9.17 10.25


MANUFACTURERSt 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.
IOIAL bUUCKS ON HAND
CLASSES OF DECEMBER I, 1936
DRY MILK IN BAGS IN BARRELS TOTAL POUNDS(A) FIRMS*
PCOJNDS) (POUNDS) TOTAL POUNDSAFIRMS
WHOLE MILK 12,074 2,573,994 4,098,206 21
SKIM MILK 8,656,653 20,415,068 29,097,826** 126
PART SKIM 0 41,761 67,761 3
CREAM POWDER 0 1,0511 1,051 2 -
BUTTERMILK 3,106,730 283,316 3,390,046 71 IL
(A.) INCLUDES CASE GOODS AS FOLLOWS: WHOLE MILK 1,512,138 L
LBS SKIM,.- 26 105 Les PART SKIM 26,000 POUNDS.
EQUIVALENTNT T6 32 DAYS' REQUIREMENTS: ON THE BASIS OF THE -
AVERAGE DAILY REQUIREMENTS FOR THE PAST YEAR, AS CALCULATED zo -
FROM REPORTS OF' THE BUREAU OF AGRICULTURAL ECONOMICS, STOCKS. :3
OF DRY SKIM MILK ON DEC. I, WERE EQUAL TO APPROXIMATELY 32
DAYS' REQUIREMENTS, IN ,COMPARISON WITH 29 DAYS ON NOV. 1,1936:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND
DECEMBER I, 1935 WERE THE EQUIVALENT OF A' 12 DAYS' SUPPLY.
TOTAL STOCKS Nov. I 1936 (INCLUDING LATE REPORTS)' DRY WHOLE
MILK 4,253,749 LBS; DRY SKIM MILK 26,291,687 LBS; DRY BUTTER-
MILK 3,446,536 POU.NDS.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS'REPORTING
CLASSES OF-
DRY MILK PREVIOUS YEAR : PREVIOUS MONTH
DRY MI FIRMS* DEC. 1,1936 DEC. 1,1935 FIRMS* DEC. 1,1936 Nov. 1,1936
WHOLE MILK 21 4,098,206 3,903,868 21 4,098,206 4.253,749
SKIM MILK 113 28,722,727' 10,544,765 124 29,094,275 26,264,033
.PART SKIM 3 67,761 90,681 3 67,761 66,792
CREAM POWDER- 2 1,051 883 -
BUTTERMILK 63 3,322,526 3,547,200 71 3,390,046 3,400,583
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.

(OVER)
DECEMBER 1936







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS NOVEMBER


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
JNITED STATES.
COMPARISON OF PRODUCTION (POUNDS) FOR SAME FIRMS
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS* Nov. 1936 Nov. 1935 FIRMS* Nov. 1936 OCT. 1936
WHOLE MILK 18 904,504 1,205,397 17 897,214 1,415,700
SKIM MILK II0 19,774,134 12,504,781' 121 20,357,355 24,209,210
PART SKIM 3 51,332 48,033 3 51,332 52,494
CREAM POWDER 2 4,817 1,389 -
BUTTERMILK 61 3,160,245 2,187,829 69 3,251,847 3,498,101


REPORTS INDICATE THAT NOVEMBER PRODUCTION
DRY WHOLE MILK: BAGS BARRELS
DRY SKIM MILK: 27.43%(5,586,798 LBS) "
DRY1 BUTTERMILK: 97.62%(3,174,304 LBS) "


WAS PACKED AS FOLLOWS:
93,69d CASES
72.56o(14,,779,129 Lss) "
2.38%( 77,541 LBS)


6.31
0.o01I


PRODUCTION DRY SKIM
(24.04%); BARRELS -
PRODUCTION DRY @KIM


MILK OCTOBER 1936
18,442,746 POUNDS
MILK OCTOBER 1935


INCLUDING LATE REPORTS) BAGS 5,836,645 LBS.
75.96%); TOTAL 24,279,391 POUNDS.
- 17,460,828 LBS. (SUBJECT TO REVISION)


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 1936


EXPORTS

TOTAL OCTOBER 1936
TOTAL -'OCTOBER 1935
JAN. OCT. (INC.) 1936
JAN. OCT. (INC.) 1935


POUNDS
326,956
252,480
3,186,346
2,292,768


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


IMPORTS

TOTAL.- OCTOBER 1936
TOTAL OCTOBER 1935
JAN. OCT. (INC.) 1936
JAN. OCT.'(INC.) 1935


1936 -
1,069,305 LBS.
14,754,359 LBS.


1935
134,475'.
1,511,397


POUNDS
1,169,430
80,761
2.,969',186
2,390,654


LBS.
LBS.


DRY MILK MARKETS FULL STEADY TO FIRM DEMAND FOR DRY SKIM MILK FOR ANIMAL FEEDING IMPROVED.'


Dry skim milk sales reported to the
Bureau of Agricultural Economics for the month
of November, weighted according to volume,
showed a slight decrease from the composite
corresponding price of October, and for the
first time since July 1935 the average price
was lower than that of the preceding month.
This decline was the result of a sharp drop in
the volume of sales in barrels in relation to
the total,sales reported, rather than to a
decline in selling prices. In.fact, -the
average price of dry skim milk sold in barrels
was fradtionally higher than in October while
prices on that in bags was practically
unchanged.

Due to a sharp drop in the sales of dry
skim,nilk in barrels, total November sales
were less than those of November 1935 and
November 1934, but with the exception of these
two years, the largest ever reported for
November. Sales in bags for animal feeding
picked up considerably, with deliveries
generally reported as exceeding current pro-
duction,

The markets on dry whole milk were
generally steady to firm. Sales reported by
manufacturers in November averaged 20.7 cents
per pound, up slightly from the October average.
The volume of sales were slightly lower-than
in October.- Sales of dry buttermilk were
practically the sane as in October with the
average price fractionally lower.

Production of dry ski.mmilk and dry
butternil k.in.No~enber -.was considerably. larger


VO 'L 6L8O g9I Nn

VOIyIOU dO AII53AINn


than in November, last year, showing increases
of around 58 percent and 45 percent, respectively
The.production of dry whole;nilk, however, was
about 25 percent less.. Practically the entire
fall has been very favorable to dairy production.
and the output of all of the important manu-
factured dairy products during the past two to
three month has been considerably above the
level of a year earlier. With cold weather
immediately ahead, however, and feed supplies
short, curtailment in milk production is
generally expected.

Increased production and smaller sales of
dry skim milk in barrels lead to a further
increase in stocks held by manufactures, during
November. The December 1 inventories showed 32
days supply on hand compared to 29 days supply
on November 1, this year, and 12 days supply as
of December 1, last year. Normally, there is a
decrease of around 2,000,000 pounds from
November 1 to December 1. In contrast to dry
skim milk, reserve stocks of dry buttermilk
and dry whole milk showed about their usual
seasonal decline.

The casein market in December showed but
little change from preceding months. Production:
was reported moderately heavy in some sections,
but as there was a fairly active demand,
supplies moved readily into consuming channels.
Prices quoted were unchanged from previous
quotations, with 20 to 30 mesh, in carload lots
delivered Atlantic Seaboard points, mostly 17
to 171 cents; 60 to 70. mesh, 17l-17. cents;
and 80 to 100 mesh, 18. to 181 cents.


DECEBIER 1936


PAGE 2


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