The Establishment of Central Market Butter Prices in Chicago and New York (Classic Reprint)

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Excerpt from The Establishment of Central Market Butter Prices in Chicago and New YorkButter has often been called the balance wheel of the dairy industry. Milk supplies are diverted into butter when no other market outlets are available. Butter generally represents the lowest use value for milk, and the price of butter reflects a floor price below which milk prices rarely go. General supply and demand conditions for all milk products influence the price of butter.The price of butter, being reflected throughout the dairy economy, is of interest to many persons other than those who make or distribute butter.Persons in the dairy industry, particularly producers and creamery operators, have at times complained of certain aspects of the manner in which butter prices are established and of certain characteristics of butter prices.Most of the complaints may be grouped into three categories: (1) The level of prices, (2) the instability of prices, and (3) the thinness of the basis for establishing values.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.