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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/AA00013239/00011
 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: AA00013239:00011

Full Text
f#01 .f3


MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(MARCH 1931)

No. 139 WASHINGTON, D.C. MARCH 25, 1931
INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 9990 OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.


PRICES PAID PRODUCERS FOR 3.5% MILK F.


0. B. FACTORY FOR MARCH 1931


GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER.CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ -
MIDDLE ATLANTIC** 2 1.52-1.75 1.64
SOUTH ATLANTIC 2 1.27-1.44 1.36
E. NORTH CENTRAL 58 .80-1.62 1.26
W. NORTH CENTRAL 7 1.13-1.30 1.23
SOUTH CENTRAL 8 1.27-1.40 1.30
NORTH WESTERN 2 1.19-1.20 1.20
SOUTH WESTERN 5 1.16-1.35 1.27
U.S. MARCH 1931 84 .80-1.75 1.27
U.S. FEBRUARY 1931 88 .90-2.00 1.35
**60 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.

40 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR FEBRUARY AS FOLLOWS:
MIDDLE ATLANTIC I 1.36 $1.36
E. NORTH CENTRAL 20 1.13-1.43 1.32
SOUTH CENTRAL 1.30 1.30
NORTH WESTERN 9 1.15-1'.26 1.20
SOUTH WESTERN 9 1.20-1.37 1.30
0
NET WHOLESALE SELLING PRICES IN CARLOTS F.0.B. DISTRIBUTING POINTS FEBRUARY 1931
(CASE GOODS)

THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS-MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTSON BASIS OFCASH
OR SHORT TIME CREDIT.
EVAPORATED MILK CONDENSED MILK
F. 0. B. ER CASE OF 48 14OZ. CANS*) (PER CASE OF 48 14 oz. CANS
RANGE AVERAGE RANGE AVERAGE


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. Louis
KANSAS CITY
MINNEAPOLIS-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
Los ANGELES


$3.15-3.50
3.15-3.50
3.15-3.50
2.99-3.40
3.02-3.40
2.96-3.40
3.08-3.40
3.04-3.40
3.25-3.55
3. 17-3.55
3.27-3.40
3.05-3.41
2.78-3.41
2.85-3.41


$3.35
3.33
3.33
3.20
3.23
3.25
3.24
3.23
3.47
3.44
3.33
3.31
3. 16
3.16


$4.90-5.90
5.25-5.90
5.73-5.90
5.85
--------5--7-
_~~~~ __ cz-z


5.95


$5.61
5.68
5.83
5.85
5------ ----



5.95


AVERAGE WHOLESALEE SELLING PRICES BY GEOGRAPHIC SECTIONS FEBRUARY IS31
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
GEOGRAPHIC (PER CASE OF PER CASE OF (BULK PER CWT.)
SECTIONS 48 141 O. CANS*) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $ 3.31 $ 5.39 $ 7.86 $ 4.40
MIDDLE ATLANTIC 3.26 5.37 8,68 4.42
SOUTH ATLANTIC 3.31 6.04 8 43 4.83
E. N. CENTRAL 3.15 5.89 8.22 4.51
W. N. CENTRAL 3.18 8.10 5.05
SOUTH CENTRAL 3.35 5.97 8.32 4.85
NORTH WESTERN 3.21 8.32 5.14
SOUTH WESTERN 3.14 8.36 4.74
U. S. AVERAGE
FEB. 1931 $ 3.24 $ 5.61 $ 8.33 $ 4.68
U. S. AVERAGE
JAN. 1931 $ 3.38 $ 6.03 $ 8.29 $ 4.72
U. S. AVERAGE
FEB. 1930 $ 3.83 $ 6.14 $ 9.37 $ 5.37


* A FEW SALES OF


16 OZ. CANS REPORTED WITHIN THE S/ME PRICE RANGES.


EVAPORATED MILK MARKETS STEADY PRODUCTION AND CONSUMPTION WELL BALANCED


A WELL BALANCED PRODUCTION AND
CONSUMPTION SITUATION PROBABLY WAS THE
OUTSTANDING FEATURE OF MARCH EVAPORATED
MILK MARKETS, ACCORDING TO THE U. S.
BUREAU OF AGRICULTURAL ECONOMICS. CON-
SUMPTION, AS REFLECTED IN THE APPARENT
TRADE OUTPUT, WAS ESTIMATED BY THE BUREAU
AS APPROXIMATELY 16p AND 190 HEAVIER DUR-
ING JANUARY AND FEBRUARY, RESPECTIVELY,
THAN DURING THE SAME MONTHS A YEAR AGO.
TRADE ESTIMATES FURTHER INDICATE THAT THE
APPARENT CONSUMPTION TREND OF THE FIRST
TWO MONTHS OF THE YEAR WAS WELL MAINTAINED
DURING MARCH. PRODUCTION, ON THE OTHER
HAND, WHILE APPARENTLY EQUAL TO THAT OF
LAST YEAR IN SOME SECTIONS AND HEAVIER IN
(CONTINUED


OTHERS, HAS NOT EXCEEDED THAT OF A YEAR
AGO BY THE SAME PERCENTAGE AS HAS CON-
SUMPTION AND,, AS A RESULT, A FURTHER RE-
DUCTION IN STOCKS IS LOGICAL TO EXPECT.
MOST FACTORIES ARE NOW PACKING THE NEW
STYLE 14- OZ. TINS, AND IT IS COMMONLY
BELIEVED, IN TRADE CIRCLES, THAT A LARGE
PERCENTAGE OF THE STOCKS OF THE OLD STYLE
16 OZ. CANS HAS BEEN CLEARED. WITH NO
APPARENT INCENTIVE TO BUY FOR FUTURE NEED
MOST WHOLESALERS AND JOBBERS CONTINUED TO
OPERATE ON A HAND-TO-MOUTH BASIS, THUS
KEEPING STOCKS AT A MINIMUM AND DEMAND
STEADY. THE SITUATION WAS FURTHER RE-
FLECTED IN A STEADY MARKET TONE WITH FEW
PRICE CHANGES OF BUT MINOR NATURE.
ON NEXT PAGE)


MARCH 1931


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






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 DELIVERY ON UNFILLED ORDERS.
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM FIRMS OPERATING
APPROXIMATELY ',% OF THE TOTAL FACTORIES IN THE UNITED STATES.
EVAPORATED MILK CONDENSED MILK CONDENSED PILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)

TOTAL STOCKS
TOTAL STOCKS ON MAR. I, 1931 136,672,951 LeS. 13,050,626 Las. 16,006,436 Las.
NO. OF FIRMS REPORTING* 34 9 27

COMPARISON FOR SAME FIRMS:
MARCH 1, 1931 136,672,951 Lss. 13,050,626 Lss. 15,006,436 Les.
FEBRUARY I, 1931 156,899,714 13,928,276 17,983,341 "
SCHANGE DURING MONTH 12.90% 6.31 11.00
FIRMS IN COMPARISON 34 9 27
MARCH 1, 1931 135,998,712 LBS. 13,050,626 Les. 15,006,436 Les.
MARCH I, 1930 153,129,662 18,671,390 19,792,956 "
CHANGE FROM PREV. YEAR 11.19% 30. I1o 19.14/
FIRMS IN COMPARISON* 31 9 27

UNSOLD STOCKS
TOTAL UNSOLD STOCKS MAR.I 1931 108,448,787 LBS. 8,864,292 LaB. 5,284,879 Las.
No. OF FIRMS REPORTING* 23 7 18
COMPARISON FOR SAME FIRMS:
MARCH 1, 1931 108,448,787 Las. 8,864,292 Les. 5,234,879 Les.
FEBRUARY I, 1931 106,756,573 9,697,609 6,336,452 A
CHANGE DURING MONTH + 1.58% 8.60o 17.25%
FIRMS IN COMPARISON 23 7 18
MARCH I, 1931 107,851,805 Las. 8,864,292 LaB. 5,284,879 Les.
MARCH I, 1930 129,518,157 ". 14,077,003 3,993.686
1 CHANGE FROM PREV. YEAR 16.73% 37.03% + 32.338
FIRMS IN COMPARISON* 20 7 18

PRODUCTION
COMPARISON FOR SAME FIRMS:
FEBRUARY, 1931 106,927,996 LBs. 9,889,623 Lss. 7,536,608 LBs.
ANUARY, 1931 102,665,302 8,862,586 10,898,610 "
CHANGE DURING MONTH + 4.15 + 11.591 29.56
FIRMS IN COMPARISON* 34 8 28
FEBRUARY, 1931 105,720,831 LBS. 9,889,623 LBS. 7,536,608 Les.
FEBRUARY, 1930 88,836,759 "I 11,170,867 9,172,554 "
SCHANGE FROM PREV. YEAR + 19.01% 11.478 17.84%
PIRMS IN COMPARISON* 31 28

FINAL REVISIONS FOR LAST MONTH:
** TOTAL STOCKS ON FEB. 1,1931 157,152,455 LeS. 13,928,276 LBS. 13,593,845 LBs.
** UNSOLD STOCKS ON FEB. ,1931 107,009,314 9,697,609 6,985,983 "
PRODUCTION JAN. 1931 (ALL
FIRMS REPORTING) 102,665,302 8,862,586 11,318,128 "
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN'ONE FACTORY.


NO CHANGE FROM ORIGINAL FIGURES.
THIS FIGURE INCORRECTLY REPORTED ON LAST MONTHS, REPORT AS
INSTEAD OF 8,296,803 POUNDS.

EXPORTS AND II/PORTS


14,181,066 LBS.


TOTAL EXPO


TOTAL IMPO


IRTS FEBRUARY,
FEBRUARY,
JAN. FEB., INC.
JAN. FEB., INC.
RTS FEBRUARY,
FEBRUARY,
JAN. FE INC.
JAN. FEB., INC.


1931
1930
1931
1930
1931
1930
1931
1930


EVAPORATED
3,775,401
5,164,186
9,044,524
11,003,646
232
2;659
328
115, 122


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

(CONTINUED FROM FIRST PAGE)


PRODUCTION DURING FEBRUARY WAS 19%
HEAVIER THAN DURING THE SAME MONTH A YEAR
EARLIER, AND ALS SHOWED A SEASONAL IN-
CREASE OF OVER THIS SEASONAL PRO-
DUCTION INCREASE WAS RATHER HEAVIER THAN
USUAL COMPARING WITH AN ACTUAL DECREASE
OF I.71 FROM JANUARY TO FEBRUARY LAST
YEAR, AND A 1.5b INCREASE DURING THE SAME
PERIOD IN 1929, AND REFLECTS THE REROUTING
OF MUCH MILK THAT HAD BEEN DIVERTED TO
OTHER PRODUCTS BACK INTO THE REGULAR
CHANNELS. THE INCREASED PRODUCTION TREND
DURING FEBRUARY ALSO REFLECTS, AT LEAST
TO SOME EXTENT, THE RENEWED CONFIDENCE OF
MANUFACTURERS IN THE CURRENT EVAPORATED
MILK MARKET SITUATION.

DESPITE THE SHARPLY INCREASED.PRO-
DUCTION DURING FEBRUARY, AND REFLECTING
THE INCREASE IN CONSUMPTION MENTIONED
ABOVE, STOCKS OF EVAPORATED MILK SHOWED
FURTHER REDUCTIONS ON MARCH I, BOTH IN
COMPARISON WITH THE SAME DATE A YEAR AGO
AND THE MONTH PREVIOUS THE DEFICIT BEING
OVER 11 AND NEARLY 13 RESPECTIVELY.
COMPARED WITH FIVE-YEAR AVERAGE STOCKS,
HOWEVER, MARCH I, 1931 SUPPLIES WERE STILL
35e HEAVIER, BUT IT SHOULD BE NOTED THAT


THIS FIGURE IS NOT OF PARTICULAR SIGNIFI-
CANCE WHEN THE HEAVIER SUPPLIES NECESSARY
TO SATISFY AN EVER INCREASING DEMAND ARE
TAKEN INTO CONSIDERATION.' WHILE THE SHARP
INCREASE IN EVAPORATED MILK'CONSUMPTION
WAS DUE AT LEAST TO SOME DEGREE, ACCORD-
ING TO TRADE REPORTS, TO A SHIFT IN THE
FOOD HABITS OF THE PEOPLE OF THE UNITED
STATES FROM FLUID MILK AND CREAM TO EVAPO-
RATED MILK, INCREASED CONSUMPTION OF
BUTTER, FLJID MILK AND CREAM, AND OTHER
DAIRY PRODUCTS SEEMS TO SPEAK OF A FAVOR-
ABLE INFLUENCE OF LOWER RETAIL PRICES ON
CONSUMER DEMAND.

CONDENSED MILK MARKETS CONTINUED
EASY DURING MARCH WITH SUPPLIES STILL
FULLY AMPLE DESPITE LIGHTER PRODUCTION
AND SOMEWHAT IMPROVED DEMAND. MARKET
CONTINUED IN BUYERS' FAVOR AND BUSINESS
CONSUMATED WAS MOSTLY ON CURRENT REQUIRE-
MENT BASIS. 'PRODUCTION DURING FEBRUARY
WAS 15% LIGHTER THAN DURING THE SAME
MONTH A YEAR AGO, AND WAS ALSO 110
LIGHTER THAN DURING JANUARY. STOCKS ON
MARCH I WERE 24% LIGHTER THAN ON EVEN
DATE IN 1930 AND NEARLY 9% LIGHTER THAN
ON FEBRUARY I.
UNIV. OFFL LII.


MARCH 1931-


o0lgo gCl O z9Zl
iiiii iii iii11111111 1 11II ll lllll l illlll


Lss.
II
II
L s.
II
II


CONDENSED
1,344,889
3,538,510
3,748,206
6,161,734
22,843
26,400
138,152
39,040


LBS.
Las.
II
II
Ii
it
II
II