GOOD DAIRYING SEASON.

Shannon News, 27 September 1927, Page 4

GOOD DAIRYING SEASON.

LARGER OUTPUT FROM LEVIN FACTORY. The signs of an early and warm spring have been plainly evident since the beginning of this month, and dairy farmers are in good heart on account of the abundant growth of grass and the suitability of the conditions generally to cows that are coming in early. There has already been a considerable increase of production as compared with the opening stages of last season, and the improved prices on the Home market are inspiring confidence among the producers. The output of the Levin Co-operative Dairy Company is now between 140 and 150 boxes of butter a day, and this is much ahead of the quantity that was being turned out at this time last year. In anticipation of an increased supply of cream all through this season, the capacity of the plant has been augmented by substituting* a 40-box churn for one that was previously turning out butter equivalent to 15 half-hundred-weight boxes. In addition to greater cream supplies due to the congenial season, the company is benefitting by the acquisition of more suppliers, among whom are several settlers at Ravenswpod, where the local factory has closed down. MARKETS VERY SOUND. CONFIDENCE IN THE FUTURE. AUCKLAND, Sept. 21. The confidence in the future of the dairy produce market with butter prices at the highest point for the past two years and cheese paying handsomely is increased by cable advice received in Auckland to-day announcing a new high level in'the New York butter market. Briefly reviewing the position over the past six or seven weeks, there is satisfaction in noting the steady advance made in the London market, denoting a welcome degree of stability. Minor fluctuations there have been, but a graph recording them would show none of the acute angles which, denote a position of uncertainty or instability, maximum prices on August 4 were 164 s per cwt. for butter and 92s for cheese. On the following day the quotations were higher by 2s and Is respectively, and by August 8 butter had touched 168 s. On August 10 for the first time since last February butter was commanding up to 172 s at Home and a few days later cheese moved up to 945. A slight decline on August 17 was succeeded by a sound recovery at the end of the month wdien butter rose to 178 s and a week later it touched 1795.

It was on September 13 that the quotation of 184 s was made, a record for two years, and after a slight depreciation it regained that mark according to to-day's advices. Cheese which reached 102 s on September 16, is holding at that price for the best grade. The most hopeful indication of late is the evidence that the American market with its wonderful potentialities is moving in sympathy in that of London. Two days ago on the New York spot market the finest quality butter was quoted at 46 cents, per pound. Today a local firm received cabled advice from New York that the spot market for extra finest had advanced to 47 cents, equal to Is 4£d f.0.b., the highest level touched in New York for the season. Further, forward buyers there were bidding 42§ cents for December stored butter. When it is remembered that the United States buys largely from the Argentine and. Siberia, the world position appears all the more sound.