<%BANNER%>

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/AA00013239/00005
 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: AA00013239:00005

Full Text

/q q. / ~3 ~.~


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


MONTHLY EVAPORATED AND CONDENSED M ILK MARKET REPORT
(SEPTEMBER 1S30)


No. 133


WASHINGTON, D.C. SEPTEMBER 25, 1930


INFORMATION IN THIS REPORT REGARDING PRICES,' STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 97% OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.


PRICES PAID PRODUCERS FOR 3.5% MILK F. 0, B. FACTORY FOR SEPTEMBER 1930
SGEOPHIC NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
NEW ENGLAND -
MIDDLE ATLANTIC** 2 .87-2.00 1.94
SOUTH ATLANTIC 2 67-1.90 1.79
E. NORTH CENTRAL 57 .30-2.36 1.73
W. NORTH CENTRAL 7 ;40-1.70 1.63
SOUTH CENTRAL 8 .57-1.73 1.68
NORTH WESTERN 2 ,56-1.70 1.83
SOUTH WESTERN 5 !.64-1.95 1.76
UNITED STATES 83 I. 1.30-2.36 1.72
**62 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTHS
WHOLESALE 3UTTER 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.

42 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR AUGUST AS FOLLOWS:
MIDDLE ATLANTIC 6 $ 1.67-.91 $ 1.76
E. NORTH CENTRAL 21 1.53-f,82 1.61
W. NORTH CENTRAL --
SOUTH CENTRAL 1.65 1.65
NbRTH WESTERN 1.37-1.68 1.47
SOUTH WESTERN 7 .31-1.87 1.70
NET WHOLESALE SELLING PRICES IN CAR LOTS -F.. 0.B. DISTRIBUTING POINTS AUGUST 1930
(CASE GOODS
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURER'S
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON-BASIS OFCAS9
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 $ 3.50-3.93 $ 3.70 $ 5.20-6.40 $ 5.98
NEW YORK CITY 3.30-4.05 3.65 5.20-6.70 6.05
PHILADELPHIA 3.50-3.90 3.68 6.20-6.70 6.28
CHICAGO 3.25-3.70 3.50 6.35 6.35
CLEVELAND 3.40-3.77 3.57 6.22
ST, LOUIS 3.30-3.73 3.60 -
KANSAS CITY 3.40-3.78 3.61 -
MINNEAPOLIS-ST.PAUL 3.35-3.84 3.57
ATLANTA 3.77-4.05 3.85
NEW ORLEANS 3.50-4.03 .3.77 6.45-6.70 6.55
DENVER 3.63-4.05 3.75
SEATTLE 3.55-4.20 3.74
SAN FRANCISCO 3.45-4.20 3.65 7.85
Los ANGELES 3.45-4.20 3.65. _

AVERAGE -WHOLESALE SELLING PRICES'3Y GEOGRAPHIC SECTIONS AUGUST 1930
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
GEOGRAPHIC (PER CSE OF (PER CASE OF ULK PER WT.
SECTIONS 48 16 OZ. CANS) 48 14 OZ. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $ 3.66 $ 5.89 $ 8.72 $ 4.75
MIDDLE ATLANTIC. 3.63 .5.99 9.25 4.67
SOUTH CENTRAL 3.65 6.44 9,22 5.19
E. N. CENTRAL 3.50 6.20 8.92 4.57
W. N. CENTRAL 3.55 .77 5.24
SOUTH CENTRAL 3.69 6.54 9.13 5.17
NORTH WESTERN. 3.73 9.45 5.84
SOUTH WESTERN '3.65 9.30 5.42
:U. S. AVERAGE
AUG., 1930 $ 3.62. $ 6.14 $ 9.04 $5.00
U. S. AVERAGE
JULY, 1930 $ 3.60 $ 5.91 $ 9.01 $ 5.01
U. S. AVERAGE
AUG., 1929 $ 3.90 .$ 6.14 $ 10.17 $ 5.67

EVAPORATED MILK MARKETS FULL STEADY STOCKS CONTINUE LIGHT


THE CONTINUED LIGHT PRODUCTION IN
COMPARISON WITH A YEAR AGO, THE LIGHT
STOCKS SITUATION, AND CONTINUED ACTIVE
OLMAND WERE FACTORS THAT MADE FOR A FULL
STEADY TONE IN EVAPORATED MILK MARKETS
bi'RING SEPTEMBER, ACCORDING 'O REPORTS
HFLEASED BY THE U.S. BUREAU OF AGRICULT-
U;AL ECONOMICS. ALTHOUGH SOME MILK WHICH
:-,D BEEN DIVERTED FROM CONDENSERIES TO
AUGMENT CITY MILK SUPPLIES DURING THE
DROUTH WAS FINDING ITS WAY BACK INTO
REGULAR CHANNELS, PRODUCTION WAS REPORTED
AS CONSIDERABLY SHORT OF A YEAR AGO .
DEALERS REPORTED A CLOSE CLEARANCE OF
STOCKS, IN FACT, IN A FEW INSTANCES, SUP-
PLIES WERE-NOT LARGE ENOUGH TO SATISFY A
RATHER ACTIVE DEMAND. ON THE WHOLE, THE
TRADE LOOKED VERY FAVORABLY UPON THE


SEPTEMBER EVAPORATED MILK MARKET SITU-
AT I ON.
PRODUCTION OF EVAPORATED MILK,
DURING AUGUST, SHOWED A DECREASE OF ONLY
10 PER CENT FROM AUGUST 1929, WHILE DUR-
ING JULY THE MAKE FELL 17 PER CENT SHORT
OF THAT OF A YEAR AGO. PRODUCTION DURING
THE FIRST EIGHT MONTHS OF 1930 WAS AROUND
7.6 PER CENT LIGHTER THAN DURING THE SAME
PERIOD OF 1929. THE GAIN IN PRODUCTION,
IN COMPARISON WITH A YEAR AGO, FROM MINUS
17 PER CENT IN JULY TO MINUS 10 PER CENT
IN AUGUST WAS NOT DUE SO MUCH TO ANY
HEAVIER PRODUCTION DURING 1930 AS TO THE
SUBNORMAL SEASONAL PRODUCTION DECREASE IN
1929. THE LIGHT PRODUCTION TREND.IS RE-
FLECTED, .TO.SOME EXTENT, IN THE STOCKS


(CONTINUED.ON NEXT PAGE)
SEPTEMBER 1930


, . .** .- *'


---







PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
WN 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 97Q 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 SEPT. 1,1930 244,968,597 Lqs 30,875,320 Las 25,764,886 LBs
No. OF FIRMS REPORTING* 35 8 32

COMPARISON FOR SAME FIRMS:
SEPTEMBER I 1930 244,968,597 Las 30,875,320 Las 25,764,886 LBS
UGUST I, i30 258,535,848 35,005,989 30,323,797 ".
CHANGE DURING MONTH 5.2% .7 15.0
FIRMS IN COMPARISON 35 8 32
SEPTEMBER I, 1930 243,90f.,301 *;Las .30,875,320 LBS 25,758,466 Las
SEPTEMBER I, 1929 272,358,514 32,142,313 29,203,864 "
CHANGE FROM PREV. YEAR 10.4 3.9 11.7
IRMS IN COMPARISON* 3'1 8 31

UNSOLD STOCKS
TOTAL.UNSOLD STOCKS SEPT. 1,1930 197,188,621 Las 26,463,536 LBS 6,954,222 LBS
No. OF FIRMS REPORTING* 24 6 22
COMPARISON FOR SAME FIRMS:
SEPTEMBER 1930 197,188,621 Las 26,463,536 Las 6,954,222 Las
AUGUST 1, 1930 218,760,667 30,865,510 10,212,436 '
CHANGE DURING MONTH 9.8 14.2 32.8
IRMS IN COMPARISON 24 6 22
SEPTEMBER I, 1930 196,359,089 Les 26,463,536 Las 6,947,802 Les
EPTEMBER I, 1929 186,648,615 i 26,950,281. 8,745,335 "
CHANGE FROM PREV. YEAR + 5.2 1.8% 20.5
FIRMS IN COMPARISON* 20 6 21

PRODUCTION
COMPARISON FOR SAME FIRMS:
AUGUST, 1930 115,727,289 Las 6,293,507 Las 12,117,754 Las
JULY, 1930 149,005,511 1 9,306,044 14,311,595
CHANGE DURING MONTH 22.3% 32.3 15.3
FIRMS IN COMPARISON* 35 7 32
AUGUST, 1930 1:12,049,74-1 LBS 6,293,507 Las 12,102,854 Las
AUGUST, 1929 128,424,575 10,014,642 15,206,271 "
CHANGE FROM PREV. YEAR 10.4 37 -20
FIRMS IN COMPARISON* 30 7 31

FINAL REVISIONS FOR LAST MONTH
TOTAL STOCKS ON AUG. 1,1930 258,835,843 Las 35,005,989 Las 30,336,567 Las
**UNSOLD STOCKS ON AUG./,1930 218,760,667 .30,855,510 10,212,436 "
PRODUCTION JULY .1930 (ALL
FIRMS REPORTING) :9,306,044 I" 150,022,509 14,407,825 "
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** NO CHANGE FROM ORIGINAL FIGURES.

EXPORTS AND IMPORTS


TOTAL EXPORTS -
JAN. AUG.
JAN. AUG.
TOTAL IMPORTS -
JAN. AUG.
JAN. AUG.


AUGUST,
AUGUST,
INO.,
INC.,
AUGUST,
AUGUST,
INC.,
INC.,


EVAPORATED
5,223,472
4,S03 047
44,229 483
49,954,266
486
118,916
209,198
1,407,038


Las
It
II
II
It
II
II
i
"
"


CONDENSED
3,293,883
3,363,679
22,344,577
28,236,831
378,039.
26,526
909,208
399,201


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

(CONTINUED FROM FIRST PAGE)


SITUATION. EVER SINCE DECEMBER, 1928
STOCKS HAD SHOWN A SURPLUS IN COMPARISON
WITH THE PREVIOUS YEAR UNTIL THE AUGUST I
REPORT BROUGHT A CHANGE AND SHOWED AN
ACTUAL SHORTAGE OF NEARLY 9 PER CENT IN
COMPARISON WITH EVEN DATE A YEAR AGO. BY
SEPTEMBER 1 THIS SHORTAGE WAS INCREASED
TO OVER 10 PER CENT, IN FACT, THE STOCKS
SITUATION HAD BECOME SO ACCUTE THAT SOME
MANUFACTURERS WERE REPORTED WILLING TO
BOOK ORDERS ONLY ON THE "1CIST PLUS" PLAN.
THE CHANGED STOCKS SITUATION IS FURTHER
ILLUSTRATED BY THE FACT THAT HOLDINGS DE-
CREASED OVER 5 PER CENT DURING AUGUST,
WHILE THERE IS USUALLY AN INCREASE IN
STOCKS DURING THIS PERIOD. THAT DEALERS
ARE HOLDING STOCKS MORE CLOSELY THAN A
YEAR AGO IS INDICATED BY THE FACT THE
UNSOLD STOCKS SHOWED A GAIN OF NEARLY 5
PER CENT OVER A YEAR AGO FROM AUGUST I TO
SEPTEMBER I..


SEPTEMBER 1930


9ZI O SCL80 Z9U I C
1111111111 II IIlii ii 111111 lii11111111111111111111111 l 111111


ACTIVE DEMAND FROM THE BAKER AND
CONFECTIONER TRADE, LIGHT PRODUCTION, AND
THE FAVORABLE STOCKS SITUATION MAINTAINED
THE CONDENSED MILK MARKET IN A STEADY TO
FIRM POSITION DURING SEPTEMBER. THE RE-
PORT OF SEPTEMBER I STOCKS REVEALED A
SHORTAGE OF NEARLY 81PER CENT 'IN COMPARI-
SON WITH A YEAR AGO. THIS FIGURE IS'ES-
PECIALLY SIGNIFICANT WHEN ONE CONSIDERS
THAT ONLY SIX,MAQNTHS AGO HOLDINGS SHOWED A
SURPLUS OF 2J~ PER CENT, AND THAT SEPTEM-
BER I WAS TH.E FIRST TIME A SO-CALLED
SHORTAGE.0CCURRED IN CONDENSED MILK STOCKS
SINCE MAY, .P29. CONTRARY TO:A USUAL
SLIGHT INCREASE IN STOCKS DURING'AUGUST,
SEPTEMBER I CONDENSED MILK STOCKS SHOWED-A
SHORTAGE OF OVER 13 PER CENT IN .C.OMARI-.
SON WITH THE AUGUST I HOLDINGS. PRODUC-
TION DURING AUGUST CONTINUED TO S::!OW 0E-"
CREASES BOTH IN COMPARISON WITH A YEAR AGO
AND THE PREVIOUS MONTH.


UNIV. OF FL LI.


u.S. DEPOUTORY
t III-I