The Marketing of Whole Milk

Cover The Marketing of Whole Milk
The Marketing of Whole Milk
H E Henry Ernest Erdman
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48. 4 1 Pearson, F. A. Farm Econ. Jour. , Oct. , 1919, p. 94. 210 THE MARKETING OF WHOLE MILK The main difficulty, however, is not to be found in the fact that the fluctuations occur at different rates, for these could be counterbalanced by the use of differentials for each of the various months, much as the Dairymen's League has worked our differentials in connection with its attempt to use the butter-cheese basis. The real difficulty would come from the fact that butter and cheese prices so o...ften fluctuate more or less independently and at certain times may be considerably at variance with their usual position relative to milk. Note for example irregularities shown in the chart comparing New York milk and New York butter extras for a period of twenty years. (Figure 14. ) The chart represents relative prices, and hence milk and butter are directly comparable. It will be noticed that milk almost invariablygoes higher in winter and lower in summer than butter and that it does so in such an irregular manner that it is extremely doubtful whether this basis would be satisfactory to both producers and dealers for any length of time, even in normal times.

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