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UF UFIR



Monthly evaporated and condensed milk market report
ALL VOLUMES CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/AA00013239/00002
 Material Information
Title: Monthly evaporated and condensed milk market report
Physical Description: A 92.10/4:nos
Language: English
Publisher: U.S. Department of Agriculture, Market News Service
Place of Publication: Washington, D.C.
 Subjects
Genre: serial   ( sobekcm )
 Notes
General Note: Description based on: no.129 (May 1930); title from caption. Latest issue consulted: no.224 (May 1938) "Prices paid producers for 3.8% milk F.O.B. factory".
 Record Information
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution.
Resource Identifier: aleph - 26379885
oclc - 606885223
System ID: AA00013239:00002

Full Text
SIrFf I


(JUNE 1930)

No. 130 WASHINGTON, 0. C. JUNE 25, 1930
INFORMATION IN THIS REPORT REGARDING PRICES STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 98% OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.


Doi~rEc Oa~If dDOnic~ II n5 1 7~ rAllI,


r n o A~TODV FOD .IIIMFC IQ9f


1 i\I-ULO r\iJU rnX JU'ur o r f-%\ o.J/'o IVIl I r .J r vt-l\ i F v ii i'v
NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE I AVERAGE
NEW ENGLAND $ "
MIDDLE ATLANTIC** 2 .80-1.92 1.86
SOUTH ATLANTIC 2 1.57-1.80 1.69
E.NORTH CENTRAL 62 1.44-2.66 1.57
W.NORTH CENTRAL 6 1.49-1.55 1.52
SOUTH CENTRAL 8 1.49-1.66 1.57
NORTH WESTERN 2 1.45-1.46 1.46
SOUTH WESTERN 4 1.45-1.90 1.61
UNITED STATES 3 -3 1.44-2.66 1.58
**62 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTH'S
WHOLESALE BUTTER QUOTATION, 25 OF THESE BEING LOCATED IN N. Y. AND PA. 19 FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 25 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION RECEIVED FROM REMAINING FrRMS. AVERAGE PRICES SHOWN FOR THE UNITED STATES DO
NOT INCLUDE ANY OF THESE FACTORIES.


46 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR MAY AS FOLLOWS:


MIDDLE ATLANTIC
E.NORTH CENTRAL
W.NORTH CENTRAL
NORTH WESTERN
SOUTHWESTERN


1.80
1.65
1.61
I.48
1.81


WHOLESALE SELLING PRICES F. 0. B. DISTRIBUTING POINTS MAY 1930
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTUR-
ERS COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON BASIS
OF CASH OR SHORT TIME CREDIT.
EVAPORATED MILK CONDENSED MILK
F.O.B. (PER CASE OF 48 16 oz. CANS) (PER CASE OF 48 14 oz. CANg
RANGE ALAG:_ RANGE AVERAGE
BOSTON $ 3.55-4.00 $3.79 $ 5.25-6.45 $5.82
NEW YORK CITY 3.25-4.30 3.77* 5.35-6.70 5.98
PHILADELPHIA 3.45-4.00 3.76 5.25-6.45 5.99
CHICAGO 3.30-3.90 3.61 6.35-6.40 6.38
OLEVELAND 3.40-3.90 3.68
ST. LOUIS 3.30-3.90 3.64
KANSAS CITY 3.30-3.90 3.'65
MINNEAPOLIS-ST.PAUL 3.30-3.90 3.67
ATLANTA 3.04-4.10 3.99 '
NEW ORLEANS 3.65-4.10 3.89 6.45-6.70 6.60
DENVER 3.65-4.05 3.83
SEATTLE 3.60-4.20 3.80 -
SAN FRANCISCO 3.55-4.20 3.77
Los ANGELES 3.55-4.20 3.79 _
*PRICE PUBLISHED LAST MONTH SHOULD HAVE SEEN $3.81 INSTEAD OF $3.61.

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS MAY 1930
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF (PER CASE OF BULK PER CWT.)
_____ O 48 16 oz.CANs) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $ 3.75 $ 6.01 $ 8.52 $ 4.74
MIDDLE ATLANTIC 3.73 6.03 8.98 4.85
SOUTH CENTRAL 3.76 6.43 8.86 5.07
E. N. CENTRAL 3.65 6.38 8.76 5.11
W. N. CENTRAL 3.65 8.79 5.17
SOUTH CENTRAL 3.80 6.60 8.86 5.07
NORTH WESTERN 3.83 8.86 5.55
SOUTH WESTERN 3.78 -9.40 5.08
U. S. AVERAGE
MAY, 1930 $3.73 $ 6.18 $ 8.87 5.05
U. S. AVERAGE
APRIL, 1930 $3.74 $ 6.10 $ 8.88 $ 5.05
U. S. AVERAGE
MAY, 1929 $ 4.12 $ 6.21 $ 10.27 $ 5.76,.'


EVAPORATED FILK MARKETS _ASY ',NO


UNSETTLED STOCKS STILL HEAVY


JUNE EVAPORATED MILK MARKETS FAIL-
ED TO SHOW THE STRENGTH OF THE SEVERAL
MONTHS PREVIOUS AND THE TONE RULED EASY
AND UNSETTLED. WHILE NO DEFINITE PRICE
REDUCTIONS WERE RECORDED BEFORE THE LATTER
PART OF THE MONTH, SPECIAL SALES CAMPAIGNS
DURING THE FIRST TWO WEEKS OFFERED-THE
INDUCEMENT OF ONE CASE FREE WITH EVERY TEN
CASES BOUGHT. THIS PRACTICE, WHICH WAS
VIRTUALLY A PRICE CONCESSION AND STIMU-
LATED BUYING IN MANY SECTIONS OF THE
COUNTRY CAME TO AN END DURING THE THIRD
WEEK OF JUNE BUT WAS FOLLOWED BY A PRICE
REDUCTION OF 15 CENTS PER CASE. AS A
RESULT OF THE REDUCTION IN PRICE MANY
DEALERS WHO HAD PREVIOUSLY LIMITED THEIR


PURCHASES TO ACTUAL NEEDS OPERATED MORE
FREELY WITH THE RESULT THAT MANUFACTURERS
STOCKS WERE REPORTED AS CONSIDERABLY RE-
DUCED. REPORTS FROM PRODUCING SECTIONS
WERE TO THE EFFECT THAT THE FLUSH CAME
SOMEWHAT EARLIER THAN USUAL THIS YEAR,
BUT THAT THE MAKE DROPPED SOMEWHAT FASTER
THAN NORMALLY AND IS NOW RUNNING LIGHTER
THAN LAST YEAR. PROSPECTS OF A CONTINU-
ED LIGHTER PRODUCTION THAN LAST YEAR
HELPED TO STIMULATE A FAIR DEGREE OF
CONFIDENCE IN THE CURRENT EVAPORATED MILK
MARKET SITUATION.
AS ALREADY MENTIONED, THE PRO-
DUCTION SITUATION APPEARS ENCOURAGING, AT


(CONTINUED ON NEXT PAGE)
JUNE 1930


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NE"WS SERVICE

MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT






PAGE 2
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR- TOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES,, IN STORAGE, OR IN TRANSIT
(UNSOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
UNSOLD STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS WHICH WERE NOT SOLD OR
UNDER CONTRACT FOR DELIVERY ON-UNFILLED ORDERS.
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM FIRMS OPERATING
APPROXIMATELY b OF THT TOTAL FACTORIES IN THE UNITED STATES.
EVAPORATED MILK CONDENSED MILK CONDENSED MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON JUNE I, 1930 199,333,523 LBS 30,123,868 LBS 25,186,464 LBS
NO. OF FIRMS REPORTING* 38 7 30
COMPARISON FOR SAME FIRMS:
JUNE I, 1930 199,333,523 LBS 30,123,868 LBS 25,186,464 Les
MAY 1, 1930 162,052,051 20,589,710 20,582,709 "
CHANGE DURING MONTH + 23.0% + 46.3% + 22.3%
FIRMS IN COMPARISON 38 7 30
JUNE I, 1930 197,676,341 LBS 30,123,868 Lss 25,178,554 LBS
JUNE I, 1929 160,419,431 22,193,195 18,187,713 "
CHANGE FROM PREV. YEAR + 23.2% + 35.7% + 38.40
FIRMS IN COMPARISON* 32 7 29

UNSOLD STOCKS
TOTAL UNSOLD STOCKS JUNE 1,' 1930 166,196,251 LBS 25,467,294 Las 7,591,006 LBS
NO. OF FIRMS REPORTING 23 6 20
COMPARISON FOR SAME FIRMS:
JUNE I, 1930 166,196,251 LBS 25,467,294 LBS 7,591,006 LBS
MAY I, 1930 140,218,872 16,212762 5,098,078 "
CHANGE DURING MONTH + 18.5% + 57.0% + 48.90
FIRMS IN COMPARISON 23 6 20
JUNE I, 1930 165,012,371 LeB 25,467,294 LBS 7,583,096 LBS
JUNE 1, 1929 116,138,343 17,249,376 6,573,096 "
CHANGE FROM PREV. YEAR + 42.0% + 47.6+ + 15.23
FIRMS IN COMPARISON* 18 6 19
PRODUCTION
COMPARISON FOR SAME FIRMS:
MAY, 1930 171,741,842 LBS 10,303,248 LBS 18,681,163 LBS
APRIL, 1930 129,881,833 17,471,776 13,543,254 "
SCHANGE DURING MONTH + 32.2% 41.0% + 38.9%
FIRMS IN COMPARISON* 37 7 30
MAY, 1930 167,109,574 Los 10,303,248 LBS 18,670,653 LBS
[AY, 1929 182,404,683 13,921,532 22,326,088
CHANGE FROM PREV. YEAR 8.3% 25.9% 16.3
IRMS IN COMPARISON* 31 7 29
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON MAY I 1930 162,221,107 LBS 20,589,710 LBS 20,610,628 LBS
UNSOLD STOCKS ON MAY 1,1930 140,371,272 LBS 16,212,762 Los 5,117,412 LBS
PRODUCTION APRIL j930-(ALL
FIRMS REPORTING) 129,998,137 Les 17,471,776 Lss 13,636,359 LBS
SFI RMS NT FACTORINGES Qne ir1- 0 n-o" ynce ru>-n njEAM rAnEnOv.


PORTS MAY, 1930
MAY, 1929
JAN. MAY INC.,1930
JAN. MAY INC.,1929
PORTS MAY, 1930
MAY, 1929
JAN. MAY INC.,1930
JAN. MAY INC..1929


EXPORTS AND IMPORTS

EVAPORATED
6,307,864
5,917,110
28,869,546
32,307,602
192
389,523
115 794
1.124.556


CONDENSED
2,505,461
2,689,179
14,853,608
17,726,551
72,329
48,344
199,717
273,090


(EXPORTS AND IMPORTS COMPILED FROM OFFICIAL RECORD OF DEPARTMENT OF COMMERCE)

(CONTINUED FROM FIRST PAGE)


LEAST FROM THE DEALER'S STANDPOINT.
ACCORDING TO STATISTICS ASSEMBLED BY THE
U.S. BUREAU OF AGRICULTURAL ECONOMICS,
THE MAKE FOR THE FIRST FIVE MONTHS OF THE
CURRENT YEAR WAS APPROXIMATELY 3.6 PER
CENT LIGHTER THAN FOR THE SAME PERIOD A
YEAR AGO. IN MAY THIS DIFFERENCE
AMOUNTED TO 8.4 PER CENT, WHICH INDICATES
AN INCREASINGLY LIGHTER PRODUCTION, FROM
MONTH TO MONTH, IN COMPARISON WITH A YEAR
AGO. IN AS MUCH AS ALL OTHER DAIRY
PRODUCTS SHOWED INCREASES IN PRODUCTION
DURING MAY OVER A YEAR AGO, IT MAY BE
ASSUMED THAT THE LIGHTER PRODUCTION OF
EVAPORATED MILK IS THE RESULT OF THE
INDIFFERENCE OF MANUFACTURERS TOWARD
SECURING ADDITIONAL SUPPLIES OF RAW
MATERIAL AND THAT MUCH MILK WHICH WAS
FORMERLY CONVERTED INTO THAT PRODUCT IS
NOW MANUFACTURED INTO OTHER PRODUCTS.
STOCKS OF EVAPORATED MILK, WHILE COMPARA-
TIVELY LIGHTER, ARE STILL ABNORMALLY
HEAVY AND AMPLE. ON JUNE I THEY WERE.




JUNE


23.0 PER CENT HEAVIER THAN A MONTH AGO,
23.2 PER CENT HEAVIER THAN A YEAR AGO,
AND 52.4 PER CENT HEAVIER THAN THE FIVE-
YEAR AVERAGE HOLDINGS.
CONDENSED MILK MARKETS.DISPLAYED
A SLIGHTLY HEALTHIER TONE DURING JUNE,
ON ACCOUNT OF INCREASED DEMANDS FROM
THE ICE CREAM AND CONFECTIONERY TRADE,
WITH THE TONE STEADY. STOCKS SHOWED
SOME ENCOURAGING REDUCTIONS DURING THE
MONTH OF MAY, COMPARATIVELY WITH A YEAR
AGO, WITH THE SURPLUS REDUCED TO 37.0
PER CENT ON JUNE FIRST IN COMPARISON
WITH 68.0 PER CENT ON MAY I. 'PRO-
DUCTION DURING MAY WAS APPROXIMATELY
20.0 PER CENT LIGHTER THAN A YEAR AGO,
BUT SHOWED A SEASONAL INCREASE OF
AROUND 40.0 PER CENT OVER APRIL.







1 930U.S. 1TO
DEPo roSOy


TOTAL Ex


TOTAL IM


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