Description and Analysis of the Iowa-Minnesota-Wisconsin Butter Report

Excerpts from the report: The continuing decline in the information on wholesale bulk butter transactions in terminal markets led the Dairy and Poultry Market News Service to initiate in 1958 a reporting service for wholesale bulk butter prices in the midwestern butter-producing States. The report presents the net returns per pound for wholesale bulk butter received by butter plants, after shipping charges to delivery points have been deducted from the plants' gross returns. It is issued on Tuesdays and Fridays from the Chicago market news office. The present study is intended to afford the dairy industry a factual description of the new market news report. It also analyzes the reporting to answer questions the industry may raise, such as the area from which information is received, the amount of coverage of the butter produced in those areas, and prices and transportation charges in the three States covered by the report