BRIGHT DAIRY PROSPECTS

Poverty Bay Herald, Volume LXIII, Issue 19042, 16 June 1936, Page 4

BRIGHT DAIRY PROSPECTS

INSUFFICIENT BUTTER

TWO MONTHS' FORECAST

A TEMPORARY SETBACK

Prospects are bright for the butter market during the next two months, even though a slight setback is reported 'for New Zealand supplies, which have declined a further 2s per cwt. to 109 s.

The New Zealand Dairy Board reports that in response to an inquiry as to possible ,market prices for July and August, the board's London office has advised as follows:

"Owing to keen competition between multiple shops, retail prices so far have not advanced in relation to importers' prices. Example: Lipton's and Home and Colonial Stores,, two subsidiaries of Allied Suppliers, still sell at Is retail.

"Germany is buying freely, particularly from Denmark. Russian supplies are still much below the average of recent years. Small consignments of Canadian have arrived. Estimates of Canadian imports for the season vary from 5000 to 7000 tons. Lp'W RETAIL PRICES

"ff retail prices advanced in sympathy with importers' prices, we, believe some check on consumption is likely, but the butter now in sight for June and October is hardly sufficient at the present consumption level. The general trend for these months, therelore, points to a continued active derand, particularly as Tooley Street merchants are short of butter. This is dependent upon consumption being maintained at a higher retail price.

"Public spending power is certainly increasing. Uncertain factors are Russian imports, a continuance of heavier German buying, and the effect of higher retail prices if multiple shops advance to a normal profit margin." Deliveries of New Zealand butter last week totalled 1652 tons, 214 tons more than the previous week and 495 tons more than the corresponding week ■x year ago. The quantity remaining in store at the end of the week was 4800 tons, an increase of 401 tons on the week before, or 1288 tons more than a year ago. Australian deliveries last week totalled 1328 tons, 253 tons less than the previous week or 224 tons less than a year ago. Australian supplies remaining in store totalled 4877 tons, compared with 5384 tons a week previously and J 355 tons a year ago. TOTAL STOCKS INCREASE

The Imperial Economic Committee's estimate of all butters in stock was /14,09<7 boxes, an increase from 642,123 boxes a fortnight ago, but still well below the quantity in store a year ago, namely 993,133 boxes.

The Dairy Board's summary of quotaLions in London on June 12 is as follows, the figures in parentheses being those for the, previous week: —New Zealand, salted 112 s tor 113 s (105 s to 107 s), unsalted 112 s to, 114 s (106 sto 1089); Australian, salted 110 s to Ills (103 s to 105 s), unsalted Ills to 112 s (103 sto 104 s); Irish creamery, salted 114 s, Unsalted 116 s; Danish, f.o.b. 97s (925), spot ilßs (112 s); Dutch, salted 106 s, unsalted 108 s (99s to 1033); Polish, salted 102 s ,96s to 98s), unsalted 103 s (96s to 98s);. Lithuanian, salted 107 s. The market was described as quiet after the advance, with New Zealand retail prices at Is and Is Id and Danish at Is Id to Is id per lb. .

Messrs. Joseph Nathan and Company report having received the. following oable advice from London under yesterday's date:—"Butter, 109 s; the market is quiet. Cheese, white and colour?d 60s; the market is quiet."

HIGH WAIROA PRODUCTION

65 COWS AVERAGE 425L13

(Herald Correspondent.)

An average of 4251 b. of butterfat from a herd of 65 cows has been attained by Mr. F. H. Hall, Matai, Waikaremoana road, Wairoa. This, is the highest herd average yet recorded in the Wairoa district.

A feature of Mr. Hall's achievement is that 38 of the 65 cows in the nerd were bred by himself, the average of those of his breeding being 4281 b of butterfat, the remainder averaging 4171 b. One of his breeding yielded 5021 b. Herd testing and the keeping of records have contributed largely to Mr. Hall's performance. Advice has been received that the highest grading points for butter factories in the South Island have been secured by the Inter-Wanganui Cooperative Dairy Company's factory at Harihari, Westland. The manager of this factory, Mr. George, and the butter maker, Mr. Scott, formerly worked in the Wairoa dairy factory. Mr. Trumper, manager of the Kaikoura factory, also worked in Wairoa.

BUTTERFAT PAYMENTS

HIGHEST FOR FIVE YEARS

Most dairy factories in the Auckland district are advancing Is per lb on finest butterfat supplied iduriug May, compared with 9d last year and 8d two years ago. It is five years' since advances of Is per lb on butterfat were general.

When deferred payments have been taken into account, the average.payment for the whole of the current season will be about Is per lb butterfat. Last season, the average was about 9§d.

Included in Waikato advance payments for May supplies are:—Waikato Valley, butter,'ls; Norfolk, cheese, Is; Sunny Park, butter, Is, cheese, Is; Te Awamutu, butter, ll|'d; Tokoroa, cheese, lid; Hinuera, butter, Hid.