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Show as Jk Butter Market Facts . !ie- Fran Government Statistics Urn . 1. Butter production In 1929 was 18 million pounds in excess of 1828, but was 4 million pounds less than In 1927. 1. Cheese production In 1929 was Z. M million pounds less than in 1628 , and SO million pounds less than f tn 1927. th, 3. The decreased cheese produc-' produc-' Oon in 1929 was equivalent to 28 'in million pounds of butter, more ? than the increased butter production. produc-tion. 4. Total milk used in the manure manu-re faeture of butter, cheese and con-,M con-,M densed milk was only one-tenth of se i one per cent greater in 1929 than In 1928, and two-tenths of one per cent greater than in 1927. . S. The number of milk cows on January 1, 1929, was four thousand less than in 1928, and was the lowest low-est number on record for the past seven years with the exception of 1927. 8. Butter prices in 1927 and 1928 were the highest on record except In the post war inflation years of 1919 and 1920, yet butter production produc-tion in 1927 was 4 million pounds higher than in 1929 and is the highest high-est ever recorded. 7. Oleomargarine consumption in 1927 was 331 millions pounds, an increase in-crease of 37 million pounds over 1928. This seemingly accounts for the greater part of the butter surplus, sur-plus, but disregards the demand of an annual Increase in population of some over 1 1-3 million people. 8. Per capita consumption of oleomargarine oleo-margarine was 2.74 pounds in 1929, an increase of 0.28 pound over 1928. Despite this increase, per capita consumption of oleomargarine is nearly one-third less than in 1923 to 1920. . Butter consumption In 1929 -mounted to 2,047 million pounds, a decrease of 25 million pounds from 1928 and 41 million pounds from 1927, both these latter being years of high priced butter. 18. Not only did total butter consumption con-sumption decrease despite an increase in-crease of over a million consumers, but the per capita consumption of 18.9 pounds in 1929 was 0.44 pound less than in 1928 and 0.72 pound less than in 1927. 11. Butter consumption started to decline in May and June when prices pri-ces were relatively high and unemployment unem-ployment apparently started to make itself felt in the buying power pow-er of the consumer. 1J. If the per capita consumption of 17.82 pounds butter in 1927 had ' been caried into 1929, the demand would have been for 43 million pounds more than we actually produced. pro-duced. 13. There was a net export of butter In 1929 as compared with a net Import during the previous six years. Therefore imports are not a factor. |