Monthly evaporated and condensed milk market report

MISSING IMAGE

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:
AA00013239:00012


This item is only available as the following downloads:


Full Text

\\.1! 0/



SOMC


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
)NTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(MARCH 1932)


..- --.. ---L---c- -F-5--5^
No. 151 WASHINGTON, D.C. flRCH 22, 1932
INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 99% OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.


PRICES PAID PRODUCERS FOR 3.5% MILK F. 0. B. FACTORY FOR MARCH 1932
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ -
MIDDLE'ATLANTIC** 2 1.15-1.47 1.31
SOUTH ATLANTIC 2 .96-1.00 .98
EAST NORTH CENTRAL 55 .83-1.02 .93
WEST NORTH CENTRAL 7 .84-1.00 .92
SOUTH CENTRAL 8 .92- .96 .94
NORTH WESTERN 4 .80-1.20 .97
SOUTH WESTERN 7 .84- .97 .91.
U. S. MARCH 1932 85 .83-1.47 ,95.
U. S. FEBRUARY1932 84. .87-1.52 .99
U. S. MARCH 1931 84 .80-1.75 1.27
**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 30 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.


41 FACTORIES WHICH DID NOT ANNOU
PRICES ACTUALLY PAID FOR FEBRUARY AS FOLLOW


MIDDLE ATLANTIC
EAST NORTH CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN


NCE PRICES IN


ADVANCE REPORTED


WS:
1.35-1.37 $1.25
.91-1.05 1.01
.95 .95
.81- .94 .89
.95-1.06 1.02


NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING


POINTS FEBRUARY 1932


(CASE Gooos)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
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 14 OZ. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE. AVERAGE .RANGE AVERAGE
BOSTON $2.64-3.11 $2.90 $4.40-4.85 $4.60
NEW YORK CITY 2.64-3.13 2.88 4.40-4.85 4.60
PHILADELPHIA 2.64-3.10 2.87 4.75-4.85 4.80
CHICASO 2.60-3.00 2.74 5.25 5.25
CLEVELAND 2.65-3.00 2.81 4.75 4.75
ST. Louis 2.60-3.00 2.81-
KANSAS CITY 2.60-3.00 2.81-
MINNEAPOLIS-ST.PAUL 2.60-3.00 2.79 -
ATLANTA 2.65-3.10 2.92 -
NEW ORLEANS 2.75-3.10 2.93 5.00 5.00
DENVER 2.70-3.00 2.89
SEATTLE 2.40-3.05 2.87
SAN FRANCISCO 2.40-3.05 2.78
Los ANGELES 2.45-3.05 2.79 _

AVERAGE WHOLESALE E SELLING PRICES BY GEOGRAPHIC SECTIONS FEBRUARY 1932
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF (PER CASE OF BULK PER CWT.)
48 -14 Oz. CANS) 48 14 OZ. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.85 $4.73 $7.33 $4.35
MIDDLE ATLANTIC 2.75 '4.74 8.45 4.34.
SOUTH ATLANTIC 2.79 5.02 8.03 4.73
E. N. CENTRAL 2.74 5.25 7.18 4.02
W. N. CENTRAL 2.73 7.44 4.52
SOUTH CENTRAL 2.85 5.38 7.91 4.72
NORTH WESTERN 2.86 7.88 4.72
SOUTH WESTERN 2.83 7.95 4.75
U. S. AVERAGE
FEBRUARY 1932 $2.79 $4.94 $7.76 $4.43
U. S. AVERAGE
JANUARY 1932 $2.81 $4.98 $7.68 $4.41
U. S. AVERAGE
FEBRUARY 1931 $3.24 $5.61$8.33 $4.68

EVAPORATED MILK MARKETS IRREGULAR BUT EASIER DEMAND SHORT OF YEAR AGO

THE MARCH EVAPORATED MILK MARKETS DECLINE MARKET SENTIMENT HAS STEADIED
SITUATION WAS LARGELY A CONTINUATION OF CONSIDERABLY. WHOLESALERS AND JOBBERS
CONDITIONS WHICH PREVAILED IN FEBRUARY BOUGHT MORE FREELY AND, WITH THE CONTINUED
WHEN FURTHER DECLINES IN BUTTER, CHEESE, WILLINGNESS OF DEALERS TO MOVE GOODS,
AND OTHER DAIRY PRODUCTS MARKETS CAUSED MANY OF THE LATTER NOW FIND THEMSELVES IN
CONCENTRATED MILK MARKET SENTIMENT TO AN OVERSOLD CONDITION. MANUFACTURERS
WEAKEN. BUYERS, VIEWING THE GENERAL CONTINUE CONSERVATIVE AND ARE NOT
DECLINES IN THE DAIRY PRODUCTS FIELD, INCLINED TO PUSH PRODUCTION. THE AVERAGE,
APPARENTLY COULD SEE NO INCENTIVE TO PRICE PAID PRODUCERS DURING MARCH, 1932
ANTICIPATE "ANTS AND HELD PURCHASES CLOSE FOR 3.5 PER CENT MILK AT FACTORIES
TO ACTUAL NEEDS THUS NOT ONLY REDUCING THROUGHOUT THE UNITED STATES WAS 95 CENTS
THE MOVEMENT OF EVAPORATED MILK INTO CON- PER CWT., OR 4 CENTS LOWER THAN IN
SUMPTION, BUT ALSO CAUSING DEALERS TO FEBRUARY AND 32 CENTS LOWER THAN IN
SHADE PRICES TO A GREATER OR LESS DEGREE MARCH, 1931. IN THE EASTERN MARKETS CHAIN
IN SEVERAL QUARTERS. THIS SITUATION STORES RETAILED EVAPORATED MILK FOR AS
FINALLY CULMINATED IN A DECLINE OF 30 LOW AS 551 TO 7 CENTS PER CAN.
CENTS PER CASE EARLY IN MARCH. SINCE THE
(CONTINUED ON NEXT PAGE)
MARCH 1932


--'--- -


---





PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HEUD BY MANUFACTURERS REPORTING, WHETHER THEIR
CWN OR STOCKS OF OTHERS; WHETHER ON THE IR' OWN PREMISES, IN STORAGE, OR TRANSIT
UNSOLD) FOR WAREHOUSE. CONSIGNMENT: AND..WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
PRODUCTION FIGURES FOR THE CURRENT, MONTH I INCLUDE REPORTS FROM FIRMg OPERATING
APPROXIMATELY 99. OF THE TOTAL FACTORIES 1IN THE UNITED STATES.


EVAPORATED MILK:
fCASE GOODS).


CONDENSED MILK
(CASE.GOODS)


CONDENSED MILK
(BULK GOODS)


TOTAL STOCKS ON MARCH I, 1932
NO. OF FIRMS REPORTING*

COMPARISON FOR SAME FIRMS:
MARCH I, 1932
FEBRUARY I., .1932
CHANGE DURING MONTH
FIRMS IN'COMPARISON-
MARCH I, 1932
\RCH I, 1931
CHANGE FROM PREV. YEAR
IRAS IN COMPARISON*

COMPARISON OR 'SAME FIRMS:
FEBRUARY,, 1932
JANUARY, 1932
CHANGE DURING MONTH
FIRMS IN COMPARISON*
FEBRUARY, 1932
FEBRUARY, IS31
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


1lS,858,305 LBS.
32


116,958,805 LBS.
127,883,427 LBS..
8.63
32
116,858,805 LBS.
136,542,71. LBS.
14.42%
32


98,536,521 LBS.
93,383,478 LBS.
+ 5.52%
33
96,920,693 LBS.
106,394,603 LBS.
9.00oo
32


TOTAL STOCKS
7,467,102 LBS.
9

7,467,102 LBS.
S9,145,395 LBS.
19.36%
9.
7,467,102 LBS.
13,050,626 LBS.
42.79%
9

PRODUCTION

5,965,425 LBS.
7,635,341 LBS.
21.87%
8
5,965,425 LBS.
9,889,623 LBS.
-39.681
8 '


7,911,063
26


LBS.


7,911,063 LBS.
8,255,469 LBS.
4.18%
26
7,540,730 LBS.
15,906,395 LBS.
52.55,
25-


6,978,396 LBS.
7,535,854 LBS.
7.40%
26;
6,590,016 LBS.
7,505,786 LBS.
12.33%
25


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON FEB. 1, 1932 127,883,427 LBS. 9,145,395 LBS. 8,2751l47 LBS.

PRODUCTION FEBRUARY, 1932 100,357,530 LBS. 6,228,915 LBS. 11,030,851 LBS.

* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*
I FRAplAMy -I -- JAN-IY Y


TOTAL PURCHASES
NUMBER OF PRODUCERS
AVERAGE DAILY
PURCHASES PER
PRODUCER


240,3


1932- 1931


63,167 LBS 246,575,934
72,922 79,199

113.66 LS3 111. 19


LBS


PERCENTAGE CHANGE .


IN ,1932 COMPARE
WITH 193.1
.PERCENTAGE
.PERCENTAGE
THESE FIGURES
AND CONDENSED


S1932


L9S 231,171 ,633 LBS
71 ,882


1931
248,003,556 LBS
79,650


103.75 LBSI 100.44 LBS


ED +'2.22 "+ 3.30

CHANGE IN FEBRUARY 1932 COMPARED. WITH JANUARY 1932 t 9.55 -
CHANGE IN FEBRUARY 1931 COMPARED WITH JANUARY 1931 + 10.70/
INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
MI LK.

CONTINUED FROM FIST PAGE)


EVAPORATED MILK PRObUCTION DURING
FEBRUARY, ACCORDING TO THE U. S. BUREAU
OF AGRICULTURAL ECONOMICS, FELL ABOUT 9
PER, CENT SHORT OF THAT DURING THE SAME:
MONTH' A'YEAR EARLIER. IN JANUARY THIS
PRODUCTION DEFICIT AMOUNTED TO 10 PER
CENT, ANO IN" DECEMBER TO 15 PER CENT.
THE FACT THAT TH.E OUTPUT OF EVAPORATED
MILK DURING RECENT fMO.NTHS OF THE CURRENT
YEAR .ICRE CLOSELY APPROACHED THAT OF
LAST YEAR APPEArS TO BE-PRI.MAR.ILY -DUE TO
THE FACT THAT F'OR THE PEnlOh DECEMBER TO
FEBRUARY T!:IS YEAR THE NUMBER OF PRO-
DUCERS DELIVERING MILK TO CONDENSERIES
WAS INCREASED BY OVER 1,000 PRODUCERS,
WHILE DURING THE SAME PERIOD LAST .YEAR
THE NUMBER W"AS DECREASED BY APPROXIMATELY
1,900 PRODUCERS. THIS ASSUMPTION IS
FO.lTIEIED BY THE FACT THAT MILK PURCHASES
PER PRODUCER. WHICH WERE 7 PER CENT
HEAVIER 1N -DECEMBER THAN DURING THE SAME
MONTH A Y'AR PREVIOUS, 'ERE ONLY 3 PER
CENT HEAVIER IN JANUARY, AND 2 PER CENT
HEAVIER IN FEBRUARY. THE FACT THAT
EVAPO;-RTED MILK PRODUCTION DURING
FEBRUARY SHOWED A GAIN OF 6 PER CENT OVER
THE PREVIOUS MONTH IN COMPARISON WITH A
4 PER CENT GAIN IN 1931, AND THIS DESPITE
THE FACT THAT AVERAGE DAILY PURCHASES OF
MILK PER PRODUCER SHOWED AN INCREASE OF
ONLY 10 PER CENT THIS YEAR IN COMPARISON
WITH II PER CENT IN 1931, IS ALSO
INDICATIVE OF THE GREATER NUMBER OF
PRODUCERS DELIVERING MILK TO CONDENSERIES.

DESPITE THE COMPARATIVELY UNSATIS-
FACTORY 'MOVEMENT OF EVA PRATED,;MILK INTO-.


CONSUMPTION DURING FEBRUARY, STOCKS WERE
STILL REDUCED BY CLOSE TO 9 PER CENT.
THE RELATIVELY LIGHTER MOVEMENT THIS
YEAR, HOWEVER, 19 REFLECTED IN THE FACT
THAT DURING FEFI;UARY, 1931 DESPITE .THE
HEAVIER PRODUCTION, STOCKS OF EVAPORATED .
MILK WERE REDUCED 13 PE. CENT. THE' RE-
DUCTION WAS ALSO LIGHT WHEN COMPARE'
WITH A FEBRUARY .5-YEAR AVERAGE REDUCTION
OF 14 PER CENT. COMPARED WITH THE SAME
DATE A YEAR AGO, MAnCH I STOCKS OF EVAPO-
RATED MILK WERE 15 PER CENT LIGHTER.
THIS FIGURE COMPARES WITH A STOCKS DEFICIT
UNDER A YEAR AGO OF 18 PER CENT ON
FEBRUARY I, AND 35 PER CENT ON JANUARY I,
MARCH I SUPPLIES OF APPROXIMATELY
117,000,000 POUNDS OF EVAPORATED MILK
WERE AROUND 6 PER CENT HEAVIER THAN SAME-
DATE 5-YEAR AVERAGE STOCKS.
CONDENSED MILK MARKETS GENERALLY
CONTINUED IN AN EASY POSITION. THERE
WAS A FAIRLY GOOD MOVEMENT OF CONDENSED
SKIMMILK IN BULK AND SUPPLIES OF THIS
PRODUCT DID NOT.APPEAR EXCESSIVE. PRICES
WERE FRACTIONALLY REDUCED EARLY IN'NARCH
WITH MOST SALES NOW CENTERING AROUND 4
CENTS PER POUND. PRODUCTION OF CONDENSED
MILK DURING FEBRUARY SHOWED A DECREASEOF
28 PER CENT:UNDER THAT OF FEBRUARY, 1931,
AND A DECREASE OF 15 PER CENT UNDER THE
JANUARY MAKE. DUE PRINCIPALLY TO THE UN-
USUALLY LIGHT PRODUCTION .OF RECENT MONTHS.
STOCKS OF- CONDENSED MILK CONTINUE LIGHT,
BEING APPROXIMATELY 40 PER CENT LESS THAN
THE 5-YEAR AVERAGE ON MARCH 1, PERCENT
LIGHT R THAN ON THE SAME DATE A YEAR AGO
AND 0 PER CENT LIGHTER. THAN ON EBRUARYI


MARCH.- 1932


ztI O S9L90 Z9Z c
I 11111 III I III DI VIlllll l l 11111 l 11111 1111 1111111111 i


UNIV. OF FL LII.
UIC. DENT O EPT




:U..11. IHIPOSTO'TY


--


--


SE. c-r


..


- .-U...Y... ~


--


I




Full Text
xml version 1.0 encoding UTF-8
REPORT xmlns http:www.fcla.edudlsmddaitss xmlns:xsi http:www.w3.org2001XMLSchema-instance xsi:schemaLocation http:www.fcla.edudlsmddaitssdaitssReport.xsd
INGEST IEID EBLGDF1HC_ODD50S INGEST_TIME 2013-01-22T14:48:19Z PACKAGE AA00013239_00012
AGREEMENT_INFO ACCOUNT UF PROJECT UFDC
FILES