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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/AA00013239/00010
 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: AA00013239:00010

Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED I ILK MARKET REPORT
(FEBRUARY 1931)

No. 138 WASHINGTON, D.C. FEBRUARY 26, 1931
INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 99dY OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.
PRICES PAID PRODUCERS FOR 3.54 MILK F. 0..B. FACTORY FOR FEBRUARY 1931
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND -
MIDDLE ATLANTIC** 3 1.36-2.00 1.71
SOUTH ATLANTIC 2 1.37-1.55 1.46
E. NORTH CENTRAL 61 .90-1.95 1.35
W. NORTH CENTRAL 7 1.22-1.32 1.27
SOUTH CENTRAL 8 1.29-1.40 1.36
NORTH WESTERN 2 1.19-1.20 1.20
SOUTH WESTERN 5 1.16-1.30 1.23
U.S. FEBRUARY 1931 88 .90-2.00 1.35
U.S. JANUARY 1931 85 1.00-2.25 1.42
**59 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTH'S
WHOLESALE BUTTER QUOTATIONS, 23 OF THESE BEING LOCATED IN N.Y. AND PA. 19 FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 29 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.


34 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN
PRICES ACTUALLY PAID FOR JANUARY AS FOLLOWS


ADVANCE REPORTED


MIDDLE ATLANTIC 2 $2.09-2.11 $2.10
EAST NORTH CENTRAL 23 1.29-1.47 1.32
SOUTH CENTRAL I 1.35 1.35
NORTH WESTERN 3 1.26-!.34 1.29
SOUTH WESTERN 5 1.23-1.34 1.31


NET WHOLESALE SELLING PRICES IN CARLOTS F.0.B. DISTRIBUTING POINTS JANUARY, 1931


THE
COVERING
OR ~SHORT


(CASE GOODS)
WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
ACTUAL SALES DIVIVERED,AT MANUFACTURERS' DISTRIBUTING POINTS ON BASISOFOSH'
TIME CRE IT


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 $ 3.20-3.85 $ 3.49 $ 5.00-6.40 $5.81
NEW YORK CITY 3.18-4.15 3.46 5.00-6.70 5.75
PHILADELPHIA 3.17-3.85 3.48 5.73-6.70 6.11
CHICAGO 2.94-3.70 3.37 6.35 6.35
CLEVELAND 3.03-3.70 3.38 5.73 5.73
ST. LOUis 3.03-3.70 3.34
KANSAS CITY 3.10-3.70 3.35
MINNEAPOLIS-ST.PAUL 3.06-3.70 3.37 -
ATLANTA 3.32-3.85 3.60 -
NEW ORLEANS 3.20-3.90 3.58 6.45-6.50 6.40
DENVER 3.35-3.70 3.46
SEATTLE 3.05-3.75 3.48
SAN FRANCISCO 2.95*3.75 3.43
Los ANGELES 2.95-3.75 3.40 _

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JANUARY 1931
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF (PER CASE OF (BULK PER CWT.)
E48 16 oz. CANS) 48 -14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $ 3.41 $ 7.8 $ 7.86 $ 4.45
MIDDLE ATLANTIC 3.39 5. 8.61 4.54
SOUTH CENTRAL 3.43 6.43 8.43 4.89
E. N. CENTRAL 3.31 6.20 8.18 4.51
W. N. CENTRAL 3.29 8.06 5.02
SOUTH CENTRAL 3.43 6.44 8.32 4.85
NORTH WESTERN 3.43 8.32 5.14
SOUTH WESTERN 3.39 8.55 4.63
U. S. AVERAGE
JAN. 1931 $ 3.38 $ 6.03 $ 8.29 $ 4.72
U. S. AVERAGE
DEC. 1930 $ 3.58 $ 6.15 $ 8.70 $ 4.84
U. S. AVERAGE
JAN. 1930 j $ 3.86 $ 6.14 $ 9.82 $ 5.55


EVAPORATED MILK MARKETS STEADY TO FIRM


- DEMAND ACTIVE STOCKS CONTINUE LIGHT


EVAPORATED MILK MARKETS SHOWED OF THE 16 OZ. CANS IN AN EFFORT TO CLEAR
CONSIDERABLE IMPROVEMENT DURING FEBRUARY, THEIR FLOORS OF THIS CLASS OF GOODS.
BOTH IN TONE AND TRADING ACTIVITY. NO BUYERS, ON THE OTHER HAND, HAD ALLOWED
MATERIAL PRICE CHANGES OCCURRED SINCE THEIR STOCKS TO DWINDLE IN ANTICIPATION
THE SHARP DECLINE ON ALL SIZE CANS LATE OF THE NEW-STYLE CAN, AND WERE NOW
IN JANUARY, AT WHICH TIME THERE WAS A ANXIOUS TO REPLENISH THEIR LOW STOCKS.
CHANGE FROM THE LARGER TO THE SMALLER AS A RESULT OF THE INSISTANT DEMAND, AND
CONTAINER, AND THE TONE CONTINUED STEADY DESPITE THE HEAVIER PRODUCTION, SOME
TO FIRM THROUGHOUT THE MONTH OF FEBRUARY. MANUFACTURERS WERE BEHIND IN THEIR
DEMAND ALSO PROVED CONSIDERABLY MORE ORDERS. MUCH MILK WHICH HAD BEEN DIVERT-
ACTIVE THAN IN RECENT MONTHS, ALTHOUGH ED TO OTHER DAIRY PRODUCTS DURING THE
JANUARY SHOWED A VERY HEALTHY STOCK LAST FtVE OR SIX MONTHS IS NOW FLOWING
MOVEMENT POSSIBLY BECAUSE OF THE MARKET- INTO THE REGULAR CHANNELS. ON THE WHOLE,
ING ACTIVITY ON THE NEW STYLE OF CANS CONSIDERABLY MORE OPTIMISM PREVAILS IN
WHICH, AS ALREADY MENTIONED, STARTED THE EVAPORATED MILK CIRCLES THAN FOR SOME
LATTER PART OF THE MONTH, AND ALSO MONTHS PAST, AND THE STATISTICAL POSITION
BECAUSE DEALERS CONTINUED TO PUSH SALES APPEARS SOUNDER, AT LEAST FROM THE
(CONTINUED ON NEXT PAGE)
FEBRUARY 1931






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 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 DELIVERED ON UNFILLED ORDERS.
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM FIRMS OPERATING
APPROXIMA%&Y S9 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 FEB. 1, 1931 157,152,455 LBS. 13,928,276 LBS. 18,593,845 Las.
NO. OF FIRMS REPORTING* 36 9 31
COMPARISON rOR SAME FIRMS:
FEBRUARY I, 1931 157,091,455 Les. 13,928,276 LBS. 18,593,845 Lee.
JANUARY I, 1931 202,111,867 17,803,478 "i 19,520,458 "
CHANGE DURING MONTH 22.28% 21.77% 4.75%
IRMS IN COMPARISON 35 9 31
FEBRUARY I, 1931 156,618,977 Lss. 13,928,276 LBS. 18,593,845 LBs.
FEBRUARY I, 1930 175,959,725 21,739,556 "4 23,323,315 "
CHANGE FROM PREV. YEAR II.00% 35.94% 20.28
FIRMS IN COMPARISON* 32 9 .31

UNSOLD STOCKS
TOTAL UNSOLD STOCKS FEB.I 1931 107,009,314 LBs. 9,697,609 LBS. 6,985,983 LBS.
No. OF FIRMS REPORTING* 26 7 20
COMPARISON FOR SAME FIRMS:
FEBRUARY 1, 1931 107,009,314 LBS. 9,697,609 LBS. 6,985,983 LBS.
ANUARY I, 1931 163,499,304 14,181,066 14,181,066 "
CHANGE DURING MONTH 34.56% 31.62% 31.62%
FIRMS IN COMPARISON 26 7 7
FEBRUARY I, 1931 106,588,088 LBS. 9,697,609 LBS. 6,985,983 LBs.
FEBRUARY I, 1930 143,763,524 16,502,073 11 6,138,125 "
CHANGE FROM PREV. YEAR 25.86% 41.24% + 13.81%
FIRMS IN COMPARISON* 23 7 20

PRODUCTION
COMPARISON FOR SAME FIRMS:
JANUARY, 1931 102,540,302 LBS. 8,862,586 LBS. 11,318,128 LBS.
DECEMBER, 1930 98,689,998 8,827,927 10,411,173 "
CHANGE DURING MONTH + 3.75%, + 0.39% + 8.01%
FIRMS IN COMPARISON* 35 8 33
JANUARY, 1931 101,561,784 Las. 8,862,586 LBs. 10,626,186 LBS.
JANUARY, 1930 90,428,893 12,319,165 11,007,625 It
CHANGE FROM PREV. YEAR + 10.96% 39.0% 3.59%
FIRMS IN COMPARISON* 32 832

FINAL REVISIONS FOR LAST MONTH:
**TOTAL STOCKS ON JAN. I, 1931 202,069,867 LeB. 17,803,478 Les. 19,520,458 LBs.
**UNSOLD STOCKS ONJA9N. 1931 163,478,304 14,181,066 8,296,803 "
PRODUCTION ON DEC. 193 (ALL
FIRMS REPORTING) 98,689,998 8,827,927 10,411,173 "
FIRMS,NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** NO CHANGE FROM ORIGINAL FIGURES.


TOTAL EXPORTS

TOTAL IMPORTS


- JANUARY, 1931
JANUARY, 1930
- JANUARY, 1931
JANUARY, 1930


EXPORTS AND IMPORTS
EVAPORATED
5,269,123 LBS.
5,839,460 "
96 "
112,463 "


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

(CONTINUED FROM FIRST PAGE)


DEALERS1 STANDPOINT, DESPITE THE
INCREASING PRODUCTION TREND.

JANUARY PRODUCTION OF EVAPORATED
MILK WAS NEARLY I1 HEAVIER THAN DURING
THE SAME MONTH A YEAR AGO, AND SHOWED A
GAIN OF ALMOST 4% OVER DECEMBER, ACCORD-
ING TO A SAME-FIRM COMPARISON REPORTED
BY THE U.S. BUREAU OF AGRICULTURAL
ECONOMICS. THE SEASONAL INCREASE IN THE
MAKE OF EVAPORATED MILK FROM DECEMBER TO
JANUARY IN 1930 AMOUNTED TO 9.6%, AND TO
OVER 17o IN 1929. IN COMPARISON WITH
THE PREVIOUS YEAR, PRODUCTION CURING
NOVEMBER EXCEEDED THAT OF THE SAME MONTH
IN 1929 BY OVEf 20%, AND DURING DECEMBER
BY I3%, ONLY TO DROP STILL FURTHER IN
JANUARY TO 11. THE LIGHTER PRODUCTION
DURING JANUARY, BOTH SO FAR AS THE SEA-
SONAL INCREASE IS CONCERNED, AND ALSO IN
COMPARISON WITH THE SURPLUS PRODUCTION
OF NOVEMBER AND DECEMBER OVER THE CORRE-
SPONDING MONTHS OF 1930, REFLECTS, AT
LEAST TO SOME DEGREE, THE UNCERTAINTY
WHICH PREVAILED IN EVAPORATED MILK
MARKETS DURING JANUARY PRIOR TO.THE
ADVENT OF THE NEW STYLE CAN, AND WHICH,
NO DOUBT, CAUSED MANY MANUFACTURERS TO
CURTAIL THEIR MAKE UNTIL THE MARKET
BWVELOPED MORE DEFINITE FEATURES.


FEBRUARY


INDICATIVE OF THE CLOSE BUYING
POLICY OF DISTRIBUTORS OF EVAPORATED MILK
DURING THE CLOSING MONTHS OF 1930 IS THE
FACT THAT STOCKS IN THE HANDS OF WHOLE-
SALE GROCERS ON DECEMBER 31, 1930 ON THE
BASIS OF A SAME FIRM COMPARISON AMOUNTED
TO ONLY SLIGHTLY OVER 9 000 000 POUNDS,
IN COMPARISON WITH 11,50,000 POUNDS ON
THE SAME DATE IN i929. FOR THE FOUR
MONTHS PERIOD ENDED DECEMBER 31 THESE
STOCKS WERE DECREASED OVER 4,500,000
POUNDS, PARTLY AS A RESULT OF THE CLOSE
BUYING POLICY OF DISTRIBUTORS, AND ALSO
BECAUSE OF THE RELATIVELY ACTIVE DEMAND
ESPECIALLY DURING T'-E FIRST SEVERAL
MONTHS OF THE PERIOD. TOTAL STOCKS ON
FEBRUARY I, 1931 WERE 11% LIGHTER TAN
ON THE SAME DATE A YEAR AGO, AND 22
LIGHTER THAN ON JANUARY I.

CONDENSED MILK MARKETS CONTINUED
EASY WITH SUr'LIES FULLY AMPLE AND
DEMAND CONSERVATIVE. STOCKS ON
FEBRUARY I, 1931 WERE NEARLY 28%
LIGHTER THAN ON THE SAME DATE A YEAR
AGO, AND 13; LIGHTER THAN ON JANUARY I.
JANUARY PRODUCTION WAS 16% LIGHTER
THAN DURING THE SAME MONTH IN 1930
BUT SHOWED A SEASONAL INCREASE OF
OVER DECEMBER.


SI'l O SCL9O Z9ZI
1 I 1 111 1111 l l1111 tll IN 1 11111l 1111 11 1 11111I 1 l111111 111I


CONDENSED
2,403,317
2,623,224
113,309
12,640


Las.
LBS.
II
II
"
"l