226 THE MARKETING OF WHOLE MILK 



Table XLI 



Prices by Months Received by Farmers for Milk Sold to Condenseries, Milk Sold 

 to City Distributors, and Estimated Returns for Milk Sold to Creameries and 

 Cheese Factories • 



Month 



January 



February 



March 



April 



May 



June 



July 



August 



September 



October 



November 



December 



Average mon. prices. 



Condensing* 



^3-43 

 3-28 



2.93 

 2.79 

 2.70 

 2.71 

 2.80 

 3 OS 

 3.12 

 3.24 

 3.56 

 3.48 



2.91 



Cheese manu- 

 facturing * 



$3.40 

 2.60 

 3 OS 

 2.9s 

 3.10 



3 13 

 3-15 

 2.99 

 2.82 

 2.97 

 3.13 

 3.13 



3-04 



Butter manu- 

 facturing ° 



^3.03 

 2.68 

 3.02 

 3.12 

 2.90 

 2.69 

 2.72 

 2.80 

 2.92 

 3.22 

 3-3S 

 3-39 



2.98 



Section j. Determination of City Milk Prices 



City prices themselves are complex and are determined 

 by a complex set of forces. Milk usually sells in our large 

 cities in four distinct classes. These are (i) retailed 

 bottled milk delivered at the homes, (2) bottled rnilk 



' Market Reporter, Apr. 17, 1920, p. 253. 



' Average net prices compiled from fluid milk market reports issued monthly 

 by the Bureau of Markets. 



' Average net prices compiled from monthly condensed milk market report 

 issued by the Bureau of Markets. 



'Average net price approximated by multiplying Pljrmouth (Wis.) Cheese 

 Board price of twins by 10 and adding 15 cents as compensation for value of 

 whey. ' 



'Average net price approximated by multipljring the average monthly 

 quotauon of 92 score butter on the New York market plus 3 cents by the basic 

 butterfat content of milk (3.5 per cent) and adding 75 cents as compensation for 

 the skim milk used on the farm. 



