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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/AA00013239/00004
 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: AA00013239:00004

Full Text
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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE

MONTHLYL Y EVAPORATED AND CONDENSED /ILK MARKET REPORT
(AUGUST 1930)


No. 13? WASHINGTON, .O. AUGUST 27, 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.


PRICES PAID PRODUCERS FOR 3.5% MILK F. 0.


GEOGRAPHIC SECTIONS


NUMBER OF FACTORIES
REPORTING


B. FACTORY FOR AUGUST 1930


PRICE PER CWT.


RANGE


AVERAGE


NEW ENGLAND $ $
MIDDLE ATLANTIC** 2 1.70-1.87 1.79
SOUTH ATLANTIC 2 1.58-1.75 I,67
E. NORTH CENTRAL 59 1.45-2.75 1.63
W. NORTH CENTRAL 7 1.40-1.62 1.56
SOUTH CENTRAL 8 1.47-1.62 1.57
NORTH WESTERN 2 1.40-1.46 1.43
SOUTH WESTERN 4 1.35-1.75 1.49
UNITED STATES 84 1.35-2.75 61SI
**62 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTH'S
WHOLESALE BUTTER QUOTATION, 24 OF THESE BEING LOCATED IN N. Y. AND PA. 19 FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 27 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION RECEIVED FROM REMAINING FIRMS. AVERAGE PRICES SHOWN FOR THE UNITED STATES DO
NOT INCLUDE ANY OF THESE FACTORIES.


44 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR JULY AS FOLLOWS:


MIDDLE ATLANTIC 7
E. NORTH CENTRAL 24
W. NORTH CENTRAL I
SOUTH CENTRAL I
NORTH WESTERN 6
SOUTH WESTERN 5


1.57-1.99
1.40-1.75
1.40
1.65
1.44-1.53
1.55-1.87


$ 1.70
1.52
1.40
1.65
1.50
1.72


NET WHOLESALE SELLING PRICES IN CAR LOTS F. 0. B. DISTRIBUTING POINTS JULY, 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. 0. B. (PER CASE OF 48 16 oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $ 3.37-4.00 $ 3.69 $ .20-6.40 $ 5.98
NEW YORK CITY 3.30-4.15 3.62 5.20-6.70 5.96
PHILADELPHIA 3.30-4.00 3.66 5.20-6.70 6.02
CHICAGO 3.20-3.70 3.47 5.00-6.35 5.70
CLEVELAND 3.21-3.70 3.52 5.10-6.22 5.69
ST. LouIS 3.20-3.70 3.53 5.00-5.10 5.05
KANSAS CITY 3.25-3.70 3.53 5.00-5.10 5.05
MINNEAPOLIS-ST.PAUL 3.35-3.70 3.55 5.00-5.10 5.05
ATLANTA. 3.60-3.95 3.83 5.35-5.45 5.40
NEW ORLEANS 3.50-3.90 3.73 5.15-6.70 6.10
DENVER 3.60-3.83 3.69 5.10-5.20 5.15
SEATTLE 3.45-3.85 3.68
SAN FRANCISCO 3.40-3.85 3.66
Los ANGELES 3.40-3.80 3.66 _

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JULY 1930
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
GEOGRAPHIC (PER CASE OF (PER CASE OF (BULK PER CWT.
SECTIONS 48 16 O. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED

NEW ENGLAND $ 3.63 $ 5.89 $ 8.95 $ 5.12
MIDDLE ATLANTIC 3.59 5.96 9.32 4,84
SOUTH CENTRAL 3.64 6.08 9.09 5.05,
E. N. CENTRAL 3.47 5.65 8.93 4.87
W. N. CENTRAL- 3.52 5.10 8.47 5.07
SOUTH CENTRAL 3.69 6.14 8.95 5.07
NORTH WESTERN 3.69 8.95 5.43
SOUTH WESTERN 3.68 9.40 5.08
U. S. AVERAGE
JULY, 1930 $ 3.60 $ 5.91 $ 9.01 $ 5.01
U. S. AVERAGE
JUNEt 1930 $ 3.60 $ 6.09 $ 8.88 $ 4.98
U. "S. AVERAGE
JULY, 1929 $ 4.10 $ 6.18 $ 10.02 S 5.61

EVAPORATED MILK MARKETS FIRM -- STOCKS LIGHT


THE FIRM TONE WHICH PREVAILED IN
EVAPORATED MILK MARKETS DURING AUGUST WAS
LARGELY THE RESULT OF THE PRODUCTION AND
STOCKS SITUATION. WHILE PRODUCTION HAS
BEEN BELOW THE LEVEL OF THE PREVIOUS YEAR
-OR THE PAST ELEVEN MONTHS, THE CONTINUED
HEAT AND DROUGHT, AND THE FACT THAT MUCH
SURPLUS FLUID MILK, WHICH IS ORDINARILY
CONVERTED INTO EVAPORATEb MILK, WAS NEEDED
TO SATISFY DEPLETED CITY MILK SUPPLIES,
HAVE CUT DEEP INROADS INTO THE EVAPORATED
MILK PRODUCTION TOTAL FOR AUGUST. ANOTHER
FACTOR, WHICH HAD A DECIDED STRENGTHENING
EFFECT, WAS THE LOW STOCKS SITUATION.
MANUFACTURERSf STOCKS ARE EXTREMELY LOW,
AND REPORTS FROM THE TRADE ARE TO THE


EFFECT THAT SOME OPERATORS ARE WILLING TO
BOOK ORDERS ONLY ON THE "COST PLUS" PLAN.
WHILE THERE WERE SOME PRICE ADVANCES IN
RAW MATERIAL, QUOTATIONS ON THE FINISHED
PRODUCT REMAINED PRACTICALLY UNCHANGED.
IT SHOULD BE NOTED HOWEVER, THAT DEALERS
HELD STOCKS MORE CLOSELY AS THE MONTH
PROGRESSED IN ANTICIPATION OF HIGHER RE-
PLACEMENT COSTS. TRADING WAS GOOD
THROUGHOUT'THE MONTH ALTHOUGH LIMITED, IN
SOME INSTANCES, BY LIGHT SUPPLIES.
THE JULY PRODUCTION OF EVAPORATED
CASE GOODS FOLLOWED THE TREND OF P-EVIOUS
MONTHS AND AGAIN FELL INCREASINGLY SHORT
OF LAST YEAR. WHILE THE MAKE FOR THE


(CONTINUED ON NEXT PAGE)
AUGUST, 1930






PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR STOCKS 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 dU% OF THE TOTAL FACTORIES IN THE UNITED STATES.
EVAPORATED MILK CONDENSED MILK CONDENSED MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)

TOTAL STOCKS
TOTAL STOCKS ON AUG. I, 1930 258,835,848 LBS 35,005,939 LaS 29,525,276 Las
No. OF FIRMS REPORTING* 38 7 32

COMPARISON FOR SAME FIRMS:
AUGUST I, 1930 258,835,848 LBs 35,005,989 LBS 29,525;276 Las
JULY 1930 227,201,465 35,373,023 28,072,806
CHANGE DURING MONTH + 13.9% .0 5.1
FIRMS IN COMPARISON 38 7 32
AUGUST 1, 1930 257,049,492 Las 35,005,989 LBS 29,520,356 Las
UGUST I, 1929 281,046,152 34.749,565 28,341,188 I
CHANGE FROM PREV. YEAR 8.5% + 0.7 + 4.1
IRMS IN COMPARISON* 32 7 31

UNSOLD STOCKS
TOTAL UNSOLD STOCKS AUG. 1,1930 218,760,667 Las 30,865,510 Las 10,212,436 Las
No. OF FIRMS REPORTING* 27 6 22
COMPARISON FOR SAME FIRMS:
AUGUST I 1930 218,760,667 LBS 30,865,510 Las 10,212,436 Las
JULY I, 1930 176,438,938 31,221,825 8,176,381 "
CHANGE DURING MONTH + 23.9% '.1% + 24.9%
IRMS IN COMPARISON 27 6 22
AUGUST I, 1930 217,356,815 LeB 30,835,510 LBS 10,207,516 LBS
AUGUST 1, 1929 215,786,608 29,883,493 9,150,722 "
CHANGE FROM PREV. YEAR + 0.7% +6.8 + 11.5
IRMS IN COMPARISON* 22 6 21

PRODUCTION
COMPARISON FOR SAME FIRMS:
JULY, 1930 150,022,509 Las 9,306,044 Las 13,803,757 LBS
JUNE, 1930 179,552,197 9,798,387 .18,129,080 "
CHANGE DURING MONTH 16.4 5.2 23.8%
FIRMS IN COMPARISONf 36 7 32
JULY, 1930 145,997,357 Las 9,306,044 Las 13,786,207 Las
4ULY, 1929 175 742,786 -. 13 028,276 18,35,954 "
SCHANGE FROM1 PREV. YEAR 16.9% 28.5% 24.9
FIRMS IN COMPARISON* 30 7 31

FINAL REVISIONS FOR LAST MONTH:
**TOTAL STOCKS ON JULY 1,1930 227,201,465 Las 35,373,023 Las 28,855,471 Las
**UNSOLD STOCKSON JULY I1930 176,438,938 31,221,825 8,176,381 "
PRODUCTION JUNE 190 (ALL
FIRMS REPO.:TING) 179,552,197 LBS 9,798,387 Lee 18,914,090 Las


* FIRMS,'NOT FACTORIES.


SOME FIRMS OPERATE MORE THAN ONE FACTORY.


** NO CHANGE FROM ORIGINAL FIGURES.


EXPORTS AND IMPORTS


TOTAL EXPORTS -

JAN. JULY
JAN. JULY
TOTAL IMPORTS -


JAN. JULY
JAN. JULY


JULY,
JULY,
INC.
INC.,
JUNE,
JUNE,
JULY
JULY
INC.
INC.


1930
1929
1930
1929
1930
1929
1930
1929
1930
1929


EVAPORATED
4,719,619
5,922,879
39,006,011
45,351,219
63,892
86,665
29,026
76,901
208,712
1,288,122


CONDENSED
1,515,490
3,865,052
19,050,694
24,871,152
316,154
76,214
15,298
23,371
531,169
372,675


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

(CONTINUED FROM FIRST PAGE)


FIRSTT SEVEN MONTHS OF 1930 WAS ONLY
APPROXIMATELYY 8.8 PER CENT SHORT OF THAT
*)F THE SAME PERIOD OF 1929 PRODUCTION
DURING JULY WAS ACTUALLY 16.4 PER CENT
3ELOW THAT OF THE SAME MONTH A YEAR AGO.
rHE DECLINE OF 16.9 PER CENT FROM JUNE TO
JULY WAS ALSO DECIDEDLY MORE DRASTIC THAN
NORMAL.

STOCKS OF EVAPORATED CASE GOODS ON
AUGUST I, 1930, EXCEEDED THOSE OF JULY I
BY APPROXIMATELY 14 PER CENT, BUT WERE
NEARLY 9 PER CENT LIGHTER THAN ON THE SAME
bATE A YEAR AGO. THIS WAS THE FIRST TIME
"SINCE DECEMBER I, 1928 THAT EVAPORATED
;ASE STOCKS WERE LIGHTER THAN ON THE SAME
DATE A YEAR EARLIER. STOCKS IN THE HANDS
OF WHOLESALE GROCERS ON JUNE 30, THE DATE
WHIOH THE MOST RECENT QUARTERLY SURVEY
COVERS WERE 30 PER CENT LIGHTER THAN ON
JUNE 36, 1929, IT IS OF INTEREST TO NOTE,


AUGUST, 1930


IflSO I 9CI 0 z9z1 C
IIIIIH111111111I II111111


IN THIS CONNECTION, THAT
ON JUNE 30, 1929 WERE.30
THAN THE PREVIOUS YEAR.


GROCERS' STOCKS
PER CENT HEAVIER


THE CONDENSED MILK MARKET GAINED
ADDITIONAL STRENGTH DURING AUGUST AND,
AT THE CLOSE, WAS STEADY TO FIRM.
BECAUSE OF THE CONTINUED HOT SPELL,
DEMAND FOR CONDENSED MILK FROM ICE CREAM
MANUFACTURERS.WAS HEAVIER THAN NORMALLY
AT THIS SEASON OF THE YEAR. PRODUCTION
WAS SHARPLY LOWER IN JULY THAN JUNE AND
STILL GREATER DECREASES ARE.REPORTED IN
TRADE CIRCLES FOR AUGUST. MANUFACTURERSI
STOCKS ON AUGUST I WERE SLIGHTLY MORE
THAN 2 PER CENT HEAVIER THIS YEAR THAN
LAST YEAR, HOWEVER, IT SHOULD BE
NOTED THAT ONLY FIVE MONTHS AGO
THE DIFFERENCE AMOUNTED TO 216 PER
CENT. U NI .O- FL LIS.7--
UNIV. OF FL L[.


U.S. DIPOUTOIRY


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