Dairy and Poultry
Reading edition
DEFINITE IMPORT INFORMATION STEADIES BUTTER MARKET.
Tendency Toward Higher Prices—Danish Butter Has Sentimental Effect on Market.
Butter trading was on a more confident basis during the week ending Oct. 1 and the markets developed a steadier tone as a result of definite information regarding the quantities of Danish butter expected to be available in the near future. The persistent rumors of large shipments which during the previous week were partly responsible for the unsettled condition were soon quieted, and operators took a more conservative attitude. There was less pressure to sell and buyers were inclined to purchase more freely.
Price changes were small, but there was a general tendency toward a higher level, advances of 1⁄2¢ to 1¢ being registered on all markets on the finer grades of butter. At times the supply of fancy butter was somewhat in excess of the demand, but any efforts on the part of the sellers to get prices down were always met with an active buying demand from distributors and speculators. It was a good, steady market with holders usually free sellers and buyers taking immediate requirements readily at current prices.
MARKET ON UNDERGRADES IMPROVED.
The market for undergrades was somewhat more active. The heavy supply of last week showed but little if any reduction, and current receipts consisted largely of undergrade butter. The quality of receipts generally was reported considerably better during the week and this no doubt was largely the cause of the improved market in undergrades. More interest was shown in undergrades by buyers who bought for immediate needs or who got such price concessions as to make their purchases bargains, but as a rule dealers found it impossible to move all their undergrades even at large price reductions.
Receipts for the week show but little change from previous weeks. It was generally expected that production would gradually decrease in spite of the fact that conditions for a good fall production have been favorable. Hence, the latest available report from the American Association of Creamery Butter Manufacturers showing an increase of 9.8% over last year and an increase of 0.44% over the previous week came as a surprise. The storage holdings for the four markets showed a marked decrease during the week. The decrease was most pronounced at Chicago, indicating a movement of storage butter from there to other markets.
The S. S. Frederick VIII arrived during the week, carrying a cargo of 1,250 casks of Danish butter, which did not become available until Friday. Part of this butter was reported sold at prices ranging from 443⁄4¢ to 451⁄2¢, depending upon the size of the lot. The S. S. Heligolav and Drottingholm now afloat with combined cargoes estimated at between 3,000 and 4,000 casks. The Oscar II, which sailed from Copenhagen on Sept. 30, is also expected to carry some butter. The effect of the Danish butter on the markets has been largely sentimental, causing operators to act somewhat more conservatively.
WHOLESALE PRICES OF BUTTER AND CHEESE FOR WEEK ENDING OCT. 1. [Cents per pound.]
CREAMERY BUTTER (92 score). New York. Chi- cago. Phila- del- phia. Bos- ton. San Fran- cisco.
Monday 44 43 45 44 44 1⁄2
Tuesday 44 43 45 44 44 3⁄4
Wednesday 44 43 45 45 44 3⁄4
Thursday 44 43 3⁄4 45 45 45
Friday 44 44 45 45 45 1⁄4
Saturday 44 1⁄2 44 45 45 45
Average for week 44 .08 43 .46 45 .00 44 .67 44 .87
Previous week 44 .00 42 .50 44 .58 44 .33 43 .71
Corresponding week last year 60 .91 58 .50 60 .83 60 .58 63 .04
AMERICAN CHEESE. (No. 1 fresh twins.) New York. Chi- cago. Bos- ton. San Fran- cisco.[1] Wis- con- sin.
Monday 201⁄2-211⁄2 193⁄4-201⁄2 22-23 21 1⁄4 19 1⁄2
Tuesday 201⁄2-211⁄2 193⁄4-201⁄2 22-23 20 3⁄4 20 1⁄2
Wednesday 201⁄2-211⁄2 193⁄4-201⁄2 22-22 1⁄2 20 3⁄4 19 3⁄4
Thursday 201⁄2-211⁄2 193⁄4-201⁄2 22-22 1⁄2 20 3⁄4 19 3⁄4
Friday 201⁄2-211⁄2 193⁄4-201⁄2 22-22 1⁄2 20 3⁄4 19 5⁄8
Saturday 201⁄2-211⁄2 193⁄4-201⁄2 22-22 1⁄2 20 3⁄4 20
Average for week 21 .00 20 .13 22.33 20 .83 19 .85
Previous week 20 .87 20 .00 21.42 21 .29 19 .58
Corresponding week last year 27 .63 26 .56 29.91 33 .25 26 .46
Wholesale Prices of Centralized Butter (90 score) at Chicago. [Cents per pound.]
Monday 37
Tuesday 37 3⁄4
Wednesday 37 3⁄4
Thursday 38 1⁄4
Friday 38 1⁄2
Saturday 38 1⁄2
Average 37 .96
MOVEMENT AT FIVE MARKETS. [New York, Chicago, Philadelphia, Boston, and San Francisco.]
Week ending Oct. 1. Previous week. Last year.
BUTTER. Pounds. Pounds. Pounds.
Receipts for week 10,710,039 11,088,542 9,012,825
Receipts since Jan. 1 448,180,161 437,470,122 397,422,337
Put into cold storage 1,561,618 2,554,239 2,424,626
Withdrawn from cold storage 2,565,222 2,667,180 1,976,443
Change during week -1,003,604 -112,941 +448,183
Total holdings 57,426,751 58,430,355 67,411,182
CHEESE.
Receipts for week 3,417,635 3,868,809 3,008,890
Receipts since Jan. 1 141,117,659 137,700,024 130,569,677
Put into cold storage 1,193,333 1,153,107 821,381
Withdrawn from cold storage 1,840,048 1,364,127 1,109,790
Change during week -646,715 -211,020 -288,409
Total holdings 17,006,483 17,653,198 19,401,542
DRESSED POULTRY.
Receipts for week 4,180,468 4,190,630 3,097,825
Receipts since Jan. 1 125,584,081 121,403,613 119,319,585
Put into cold storage 1,763,783 1,645,312 1,748,540
Withdrawn from cold storage 1,086,169 974,956 1,303,010
Change during week +677,614 +670,356 +445,530
Total holdings 18,302,642 17,625,028 15,835,021
EGGS. Cases. Cases. Cases.
Receipts for week 208,045 198,651 178,819
Receipts since Jan. 1 13,319,676 13,111,631 11,834,417
Put into cold storage 17,305 19,475 32,480
Withdrawn from cold storage 168,670 139,781 166,123
Change during week -151,365 -120,306 -133,643
Total holdings 3,134,054 3,285,419 2,589,382
Dried and Frozen Egg Shipment Arrives From China.
Thirteen thousand six hundred and forty-three cases of frozen eggs weighing 1,200,564 lbs., also 448 cases of dried eggs weighing 48,800 lbs., were unloaded from the British steamship Gothicstar from China at San Francisco Sept. 15. The shipment is one of the largest ever received in this country.
On Sept. 19 the Gothicstar sailed for New York with a cargo of 59,108 cases of frozen eggs and 6,190 cases of dried eggs.
CHEESE MARKETS BECOME STEADY UNDER IMPROVED DEMAND.
Southern Buying Materially Increased—Considerable Quantities of Canadian Cheese Bought.
The tone of cheese markets was at least steady during the week ending Oct. 1, although prices which prevailed in Wisconsin during the week suggested a somewhat unsettled feeling. Prices on Wisconsin cheese boards advanced again Sept. 28, although the advances were for the most part small and were confined to the larger styles. Some dealers quoted prices representing very close margins, and this probably accounted for more or less variation in f. o. b. selling prices on different days of the week.
Daisies and Twins were good sellers throughout the week, Longhorns being the only style which was especially slow. Buying in the South showed a material increase. There was also considerable inquiry from southern buyers. Practically all of the southern business went direct to Wisconsin rather than through distributing market dealers.
RETAIL DEMAND INCREASED.
The very low prices quoted by Canadian dealers and the resulting sales had a noticeable effect in distributing markets. Goods from Canada at prices around 171⁄4¢ to 18¢ delivered at New York looked so attractive to a number of buyers who anticipate heavier export demand later in the season, that considerable quantities were purchased. Only a small quantity of this cheese has actually been imported as yet, according to current reports, the bulk of it remaining in Canadian storages. The large Canadian Cheddars are not entirely suitable for our domestic trade, although in some markets certain dealers split them. They are used successfully, however, for grinding purposes and to some extent for making the small loaf cheese which has come into prominence the past season.
Retail distribution of cheese received an impetus during the week on account of the especially low retail prices advertised by large retailers, principally chain-store operators, in several eastern cities. Prices were reported as having been as low as 21¢ for cheese of good quality.
IMPORTS OF WOOL DURING AUGUST.
Imported from— Class 1. Washed and un- washed. Class 2. Hair of Angora goat and alpaca. Class 3. Total.
Washed and un- washed. Scoured.
Lbs. Lbs. Lbs. Lbs. Lbs.
Belgium ... ... 71,827 ... 71,827
Czechoslovakia ... ... 39,401 ... 39,401
France ... ... 244,723 ... 244,723
Germany ... ... 138,245 ... 138,245
Italy ... ... 438,731 ... 438,731
Switzerland ... ... 65,264 ... 65,264
England 10,700 ... 2,411,684 4,568 2,426,952
Scotland ... ... 866,950 ... 866,950
Canada 844 ... ... ... 844
Argentina 3,180,672 ... 421,529 33,981 [1]3,637,031
Peru ... 4,689 ... ... 4,689
Uruguay 469,217 ... ... ... 469,217
China 53,444 26,026 6,118,041 ... 6,197,511
British India ... ... 451,018 ... 451,018
Australia 184,441 ... ... ... 184,441
New Zealand 268,175 ... ... ... 268,175
British South Africa 55,087 44,344 7,802 51,727 [2]360,065
Other countries 660 ... 1,000 ... 1,660
Total 4,223,240 75,059 11,276,215 90,276 15,866,744