Monthly evaporated and condensed milk market report

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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:
AA00013239:00013


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

MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(APRIL 1932)


WASHINGTON. D. C.


APRIL 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 APRIL 1932
GEOGRAPHIC SECTION NUMBER OF FACTORIES PRICE PER OWT.
GEOGRAPHIC SECTIONS REPORTING RANGE I AVERAGE
NEW ENGLAND -
MIDDLE ATLANTIC** 2 $1.00-1.32 $1.16
SOUTH ATLANTIC 2 .96 .96
E. NORTH CENTRAL 57 .83-1.00 .94
W. NORTH CENTRAL I .84-1.00 .93
SOUTH CENTRAL 8 .92- .96 .94
NORTH WESTERN 4 .75- .97 .87
SOUTH WESTERN 7 .65- .93 .. .85
U. S. APRIL 1932 87 .65-1.32 .93
U. S. MARCH 1932 85 .83-1.47 .95
U. S. APRIL 1931 i 82 1.00-1.50 1.21


**60 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTHS
WHOLESALE BUTTER QUOTATION, 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.

40 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR MARCH AS FOLLOWS:
MIDDLE ATLANTIC 3 $1.01-1.36 $1.23
E. NORTH CENTRAL 20 .91-1.05 .97
SOUTH CENTRAL I .90 .90
NORTH WESTERN 7 .79- .92 .84
SOUTH WESTERN 9 .91-1.02 .97

NET WHOLESALE SELLING PRICES IN CAR LOTS F.O.B. DISTRIBUTING POINTS MARCH 1932


(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTUR-
ERS COVERING ACTUAL SALES DELIVERED AT MANUFACTURERSI DISTRIBUTING POINTS ON BASIS
OF CASH OR SHORT TIME CREDIT.


F. 0. B.


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. Louis
KANSAS CITY
MINNEAPOLI S-ST.PAUL
ATLANTA
;EW ORLEANS
DENVER
SEATTLE
2AN FRANCISCO
L.s ANGELES


(PER C
RA


EVAPORATED MILK
ASE OF 48 14- OZ.CANS)


NGE


$2.50-2.80
2.50-2.80
2.40-2.80
2.40-3.00
2.40-2.70
2.40-2.70
2.40-2.70
2.40-2.70
2.50-2.80
2.50-2.80
2.50-2.80
2.35-2.65
2.25..2.75
2.25-2.75


AVERAGE


$2.69
2.66
2.66
2.53
2.57
2.59
2.56
2.55
2.69
2.69
2.67
2.57
2.48
2.48


CONDENSED MILK
(PER CASE OF 48 14 oz. CANS)


j


RANGE
$4.30-4.90
4.30-4.90
4.75-4.90
5.25
4.75




4.90-5.35


AVERAGE


$4.70
4.70
4.83
5.25
4.75




5.20


AVERAGE WHOLESALE SELLING PRICES BY G


GEOGRAPHIC
SECTIONS
NEW ENGLAND
1MIDOLE ATLANTIC
SOUTH ATLANTIC
.N. CENTRAL
W. N. CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN


U.. AVERAGE
MARCH 1932
. S.AVERAGE
FeRnUARY- 1932
U. S. AVERAGE
MARCH 1931
EVAPOR;


UNSWEETENED EVAPORATED
(PER CASE OF
48 -14i oz. CANS)


$2.47
2.55
2.61
2.54
2.50
2.62
2.54
2.56


GEOGRAPHIC SECTIONS MARCH 1932
SWEETENED CONDENSED SWEETENED CONDENSED
(PER CASE OF BULK PER CWT.) -
48 14 oz. CANS) UNSKIMMED SKIMMED
$4.69 .$7.10 $4.25
4.69 7.99 4.49
5.02 7.85 4.63
5.25 6.96 3.94
S7.26 4.35
5.38 7.79 4.58
7.79 4.58
7.65 4.44


-L 1 1


t2.55


$4.93


-I _______________________________________________


,2.79


$4.94


S2- r _


$3. 18


$5.86


$7.53
$7.76


$4.37,

$4.43


$8.30


ATED MILK MARKETS IRREGULAR RETAIL PRICES LOWEST ON RECORD


DESPITE THE FACT THAT THERE WERE
10 GENERAL WHOLESALE PRICE CHANGES, THE
TONE OF APRIL EVAPORATED MILK MARKETS
PRO ED MORE OR LESS IRREGULAR ACCORDING


TO THE U. S. BUREAU OF AGRICULTURAL
ECONOMICS. IN SOME SECTIONS SENTIMENT
WAS STEADY TO FIRM REFLECTING NOT ONLY A
CONTINUED LIGHT PRODUCTION, BUT ALSO A


(CONTINUED ON NEXT PAGE)
APRIL 1932


No. 152


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PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
9WN OR STOCKS OF OTHERS; WEATHER ON THEIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLO OR CONTRACTED FOR AND NOT
DELIVERED.
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM FIRMS OPERATING
APPROXIMATELY 9 OF THE TOTAL FACTORIES IN-THE UNITED STATES.


*' EVAPORATED MILK
(CASE GOODS)


TOTAL STOCKS ON APRRI-L I, 1932
NO. OF FIRMS REPORTING*
COMPARISON FOR SAME FIRMS:
APRIL 1, 1932
ARCH 1, 1932
CHANGE DURING MONTH
IRMS IN COMPARISON
APRIL 1, 1932
PRIL I, 1931
CHANGE FROM PREV. YEAR
IRMS I.N COMPARISON*
COMPARISON FOR SAME FIRMS:
MARCH, 1932
EBRUARY, 1932
CHANGE DURING MONTH
IRMS IN COMPARISON*
MARCH, 1932
MARCH, 1931
CHANGE FROM PREV.YEAR
FIRMS IN COMPARISON*
FINAL REVI SONG FOR LAST MONTH:
TOTAL STOCKS ON MARCH 1, 1932
ESTIMATED PRODUCTION MAR.[932


101,387,812 LES.
32

101,387,812 LBS.
116,858,805 LBS.
-13.24%
32
101,387,812 LBS.
150,367,336 LBS.
-32.58e
32

116,481,695 LBS.
98,536,521 LBS.
+18.21%
32
114,626,509 LBS.
125,633,057 LBS.
8.76%
31


116,858.,805 LBS.
117,026,000 LOS.


CONDENSED MILK CONDENSED MILK
CAE GOOS)___ (BULK GOODS)
TOTAL STOCKS
7,bi5,461 LBS. 6,928,338 LBS.
8 26


7,573,461 LBS.
7,467,102 LBS.
+1.42,o
8
7,573,461 LBS.
-42.75%
8
PRODUCTION
7,012,275 LBS.
5,965 425 LBS.
+17.55f
7
7,012,275 LBS.
10,464 678 LBS..
-32.997
7


7,467,102 LBS.
7,130,000 Los.


6,928,338 LBS.
7,419,686 LBS.
-6.63%.
26
6,928,338 LBS.
15,354,981 BS.
-54.87
26

7,046,558 LBS.
7,020,910 LBS.
+ 0.377
*26
7,046,558 LBS.
9,658 745 LBs.
-27.046
26


7,930,939 LBS.
10,070,000 LBS.


FIRMS, NOT -FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
AVERAGE DAILY PURCHASES PER PRODUCER*


TOTAL PURCHASES
NUMBER OF PRODUCERS
AVERAGE DAILY
PURCHASES PER
PRODUCER


PERCENTAGE CHANGE
IN 1932 COMPARED
WITH 1931


PER
PER
THESE
AND CO


I MARCH


265,846,926
72,934


LBS


121.50 LOS


I I_


I I Poe I


-I FEBRUARY


. ,-- ,..-- .- r


286,094,405 LBS
79,966

119.26 LBS


+ 1.88


1931
246,575,934 LBS
79,199


1931


1932


240,363,167
72,922


LBS


113.66 LBS 111.19 LBS


+ 2.22


CENTAGE CHANGE IN MARCHT932 COMPARED WITH FEBRUARY 1932 + 6.90%
CENTAGE CHANGE IN MARCH 1931 COMPARED WITH FEBRUARY 1931 + 7.26%
FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
NDENSED MILK.
(CONTINUED FROM FIRST PAGE)


BETTER MOVEMENT OF STOCKS INTO CONSUMPTION.
IN OTHER MARKETS, WHERE DEALERS WERE NOT
SO OPTIMISTIC AND WHERE BUYERS CONTINUED
TO OPERATE CLOSE TO ACTUAL REQUIREMENTS,
THE TONE WAS EASY. PROBABLY THE MOST
SIGNIFICANT FEATURE OF THE MONTH WAS THE
UNUSUALLY LOW RETAIL PRICE WHICH PREVAIL-
ED IN MANY IMPORTANT DISTRIBUTING CENTERS.
IN THE EAST, CHAIN STORES RETAILED EVAPO-
RATED.MILK FOR AS LOW AS 5 CENTS A CAN OR
4 CANS FOR 19 CENTS, WHILE 3 CANS FOR 15
TO 17 CENTS WAS A COMMON RETAIL PRICE
IN CHICAGO. WHILE THESE PRICES HAVE
NOT BEEN IN FORCE VERY LONG, SOME.RETA.IL-
ERS ALREADY REPORT AN I NOREASED CONSUMP-
TION.

PRODUCTION APPARENTLY CONTINUES
TO FALL SHORT OF THAT OF LAST YEAR AL-
THOUGH THE USUAL SEASONAL INCREASE IN
THE MAKE IS SAID TO HAVE OCCURRED IN MOST
SECTIONS. IN ISOLATED REGIONS, CURRENT
PRODUCTION IS EVEN HEAVIER THAN AT THIS
TIME IN 1931. SOME CONCERNS WHICH WERE
OVERSOLD A FEW WEEKS AGO HAVE NOW CAUGHT
UP WITH THEIR ORDERS AND ARE AGAIN ABLE
TO MAKE PROMPT DELIVERIES. THE AVERAGE
PRICE PAID PRODUCERS DURING APRIL, 1932
FOR 3.5 PER CENT MILK AT FACTORIES
THROUGHOUT THE UNITED STATES WAS 93 CENTS
PER CWT., OR 2 CENTS LOWER THAN IN MARCH,
AND 28 CENTS LOWER THAN IN APRIL, 1931.
IN MARCH THE PAYING PRICE DIFFERENTIAL
UNDER A YEAR AGO AMOUNTED TO 32 CENTS,
AND IN FEBRUARY TO 36 CENTS.

EVAPORATED MILK PRODUCTION DURING
MARCH, THE LATEST MONTH FOR WHICH DEFI-
NITE FIGURES ARE AVAILABLE, FELL 8.8 PER
CENT SHORT OF THAT DURING THE SAME MONTH
IN 1931. IN FEBRUARY THE PRODUCTION
DEFICIT, IN COMPARISON WITH A YEAR AGO,
AMOUNTED TO 9.0 PER CENT, IN.JANUARY TO
9.7 PER CENT, AND IN DECEMBER TO 15.2
PER CENT. THE SEASONAL INCREASE IN PRO-




APRIL IE


DUCTION FROM FEBRUARY TO MARCH THIS YEAR
AMOUNTED TO 18.2 PER CENT OR WAS EXACT-
LY THE SAME AS A YEAR AGO. AVERAGE
DAILY MILK PURCHASES PER PRODUCER WERE
INCREASED FROM 98 POUNDS IN DECEMBER,
TO 104 POUNDS IN JANUARY, TO 114 POUNDS
IN FEBRUARY, AND TO 122 POUNDS IN MARCH.
THE NUMBER OF PRODUCERS DELIVERING MILK
TO CONDENSERIES WAS INCREASED FROM
71,827 IN DECEMBER, TO 71,882 IN JAN-
UARY TO 72,922 IN FEBRUARY, AND TO
72,934 IN MARCH.
THE RELATIVELY FREER MOVEMENT OF
EVAPORATED MILK INTO CONSUMPTION, AFTER
THE DECLINE IN THE WHOLESALE PRICE EARLY
IN MARCH, IS REFLECTED IN A 13.2 PER
CENT REDUCTION IN STOCKS DURING MARCH.
THE ABOVE FIGURE COMPARES WITH A 10.3
PER CENT GAIN DURING MARCH, 1931, AND
A --YEAR AVERAGE MARCH REDUCTION OF 3.2
PER CENT. APRIL 1 STOCKS OF EVAPORATED
MILK OF APPROXIMATELY 101,000,000 POUNDS
WERE 32.6 PER CENT LIGHTER THAN ON THE
SAME DATE A YEAR AGO, AND 4.9 PER CENT
LIGHTER THAN SAME-DATE 5-YEAR AVERAGE
SUPPLIES.
CONDENSED MILK MARKETS ARE ABOUT
STEADY. THE DEMAND IS GENERALLY LIGHT
AS THE CONTINUED COLD WEATHER HAS CELAY-
ED A FREER MOVEMENT INTO ICE CREAM AND
OTHER FROZEN MILK PRODUCTS. CONFECTIO',
ERS, BAKERS, AND OTHER USERS ALSO APPEAL
TO DE TAKING LESS THAN IN'NORMAL TIMES.
THE LIGHTER DEMAND, HOWEVER, IS OFFSET
BY EQUALLY LIGHT STOCKS AND A CONTINUED
LIGHT MAKE. PRODUCTION DURING MARCH
FELL 30.2 PER CENT SHORT OF THAT OF A
YEAR AGO, ALTHOUGH SHOWING A SEASONAL
INCREASE OF 8.3 PER CENT. FROM FEB-
RUARY TO MARCH LAST YEAR, HOWEVER, THE
PRODUCTION GAIN AMOUNTED TO 17.4 PER
CENT. THE LIGHT PRODUCTION IS REFLECT-
ED IN EQUALLY LIGHT STOCKS WHICH, ON
APRIL 1, WERE 49.3 PER CENT LIGHTER THAN
A YEAR AGO, AND 42.3 PER CENT LIGHTER
THAN 5-YEAR AVERAGE SUPPLIES.


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