<%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/AA00013239/00014
 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: AA00013239:00014

Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS :SERVICE

MONTHLY EVAPORATED AND CONDENSED MI-LKMARKET REPORT


No. 153 WASHINGTON, D. C _. MAY 23, 1932
INFORMATION IN.THIS.REPORT REGARDI N PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING. 99 O'F THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES. .


S ECIRP PA I D PRODUCE ERS FO K


*F b B FACTORY FOR MAY 1932


GEOGRAPHIC SECTIONS. NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ -
MIDDLE ATLANTIC** 2 I.QQ-1 .S' 1
SOUTH ATLANTIC 2 .
E. NORTH CENTRAL 55 -79- .93 .86
W. NORTH CENTRAL 6 79- .90 .85
SOUTH CENTRAL 8 .83- .87 .87
NORTH WESTERN 4 83 .76
SOUTH WESTERN 7 :0-' .83 .75 .
U. S. MAY 1932 --- .O--.-2T .86
U. S. APRIL 1932 87 .55-1.32 .93
U. S. MAY 1931 80 90- I.12


**58 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTHS
WHOLESALE BUTTER QUOTATION, 21 OF THESE BEING LOCATED IN N.Y. AND PA. 19 FACTORIES
REPORTED PRICES NOT DETERMINED ASYET AND 31 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.


43 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR APRIL AS FOLLOWS:


MIDDLE ATLANTIC
E. NORTHH CENTRAL
W. NORTH CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN


$ .96-1.16
.86-1.05
.31
.83
.70- .84
.77- .88


$ ub
.92
.81
.83
.78
.84


NET WHOLESALE SELLING PRICES IN CAR LOTS F. 0. B. DISTRIBUTING POINTS APRIL 1932
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE DASED 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 I4 OZ. CANS)
___RANE AVERAGE RANGE AVERAGE
BOSTON $2.50-2.80 $2.66 $4.30-4.90 $4.70
NEW YORK CITY 2.45-2.80 2.63 4.30-4.90 4.70
PHILADELPHIA 2.50-2.80 2.63 4.75-4.90 4.83
CHICAGO 2.38-2.70 2.51 5.25 5.25
CLEVELAND 2.40-2.70 2.53 4.75 4.75
ST. Louis 2.40-2.70 2.55
KANSAS CITY 2.40-2.70 2.54
MINNEAPOLIS-ST.PAUL 2.40-2.70 2.52 -
ATLANTA 2.50-2.80 2.70
NEW ORLEANS 2.50-2.80 2.69 4.90-5.35 5.20
DENVER 2.50-2.70 2.64 -
SEATTLE 2.35-2.70 2.60 -
SAN FRANCISCO 2.35-2.55 2.47 -
Los ANGELES 2.35-2.55 2.47 -

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS APRIL 1932
UNSWEETENED EVAPORATED. SWEETENED-CONDENSED SWEETENED CONDENSED
GEOGRAPHIC (PER CASE OF (PER CASE OF (BULK PER' WT.)
SECTIONS 48 14I oZ. CANS) 48 4 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND .64 -. -S $703 $4.32
MIDDLE ATLANTIC 2.60 4.69 7.77 4.14
SOUTH ATLANTIC 2.63 5.02 7.78 4.56
E. N. CENTRAL 2.53 5.25 6.86 3.86
W. N. CENTRAL 2.51 -7.22 4.29
SOUTH CENTRAL 2.62 5.38 7.71 4.50
NORTH WESTERN 2.59 7.71 4.75
SOUTH WESTERN 2.54 7.66 4.38
U. S. AVERAGE
APRIL 1932 ___$2.58 $4.93 $_7.43 $4.29
U. S. AVERAGE
MARCH 1932 __$2.55 $4.93 $7.53 $4.37
U. S. AVERAGE
APRIL 1931 $3.16 5.72 $8.36 $4.64
EVAPORATED MILK MARKETS EASY WITH UNDERTONE UNSETTLED DEMAND MORE ACTIVE


IN COMMON WITH FURTHER DECLINES ON
DAIRY PRODUCTS, THE PRICE OF ADVERTISED
BRANDS OF EVAPORATED MILK WAS REDUCED 40
CENTS PER CASE ON MAY 14, WHILE QUOTATIONS
ON THE LESSER KNOWN MARKS WERE PROPORTION-
ATELY LOWERED. SINCE THE DECLINE THE TONE
HAS RULED EASY, BUT THERE WAS CONSIDERABLE
VARIATION IN SENTIMENT, ACCORDING TO THE
U. S. BUREAU OF AGRICULTURAL ECONOMICS.
SOME BUYERS, WHILE AWARE OF THE LIGHT
MOVEMENT OF EVAPORATED MILK INTO CON-
SUMPTION, VIEWED THE COMPARATIVELY LIGHT
STOCKS AND PRODUCTION SITUATION WITH CON-
SIDERADLE CONFIDENCE AND WERE INCLINED TO
OPERATE MORE FREELY, WHILE OTHERS COULD


SEE LITTLE OR NO IMPROVEMENT IN THE PRICE
SITUATION AND CONTINUED.TO HOLD PURCHASES
TO ACTUAL NEEDS. ONE FACTOR WHICH SHOULD
ENCOURAGE EVAPORATED MILK CONSUMPTION IS
THE PREVAILING LOW RETAIL PRICE. IN
THE EAST, CHAIN STORES RETAILED THIS
DAIRY PRODUCT FOR AS LOW AS 5 CENTS A
CAN, WHILE A PRICE OF 5 CENTS A CAN OR
SIX CANS FOR 25 CENTS WAS QUITE COMMON
IN THE CENTRAL WEST. EVAPORATED MILK
PRODUCTION IS BELIEVED TO BE STILL LIGHT-
ER THAN A YEAR AGO, THE DIFFERENCE IN THE
MAKE, HOWEVER HAS CONTINUED TO NARROW,
DUE APPARENTLY TO A MORE AGGRESSIVE
ATTITUDE AMONG MANUFACTURERS.


(CONTINUED ON NEXT PAGE)
MAY 1932


S(MAY 1932)


_


I --


- -------------~-


---------~







PAGE 2
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
TOTAL STOCKS INCLUDE ALL STOCKS HELD Y' MANUFACTURERS REPORTING, WHETHER THEIR
OWN 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.
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM FIRMS OPERATING
APPROXIMATELY =b OF THE TOTAL FACTORIES IN THE UNITED STATES. _
SVA7PORAT Eh ?Iri-K. -Co0NDEN SE D TT LK CONDENSED MILK
(CASE GOODS). (CASE GOODS) (BULK GOO:S)
TOTAL 'STOCKS
TOTAL'STOCKS ON MAY I, 1932 117,665,692 LOS. 9.,532,448 LDS. 7,529,369 LoS.
SNO. OF FIRMS .REPORTING* 31 8 24
COMPARISON FOR SAME :FIRMS:
.MAY I, 1932 117,665,692 LoS. 9,532,448 Los. 7,529,369 LS;.
APRIL. 1932. 101,366,562 Los.. 7,573,461 LoS. 7,198,100 LOS.
CHANGE DURING MONTH +16.07% +25.86% +4.60%:
FIRMS IN COMPARISON. 31 8 24
MAY I, 1932 117,665,692 LOS. 9,532,448 LDS. 7,113,735 LOS.
SMAY I, 1931 177,017,821 LOS. 12,390,184 LOS. 15,618,260 LoS.
SCHANGE FROM PREV. YEAR_ -33.53% -23.07% -54.46%
FIRMS IN COMPARISON* 31 8 23
PRODUCTION
COMPARISON FOR SAME FIRMS: ,
APRIL, 1932 136,800,833 Lo. 9.,450,143 LOS. 7,996,402 LOS.
MARCH, 1932 116,478,195 LOS. 7,012,275 LoS. 7,029,671 LOS.
CHANGE DURING MONTH 17.45%. +34.77% +13.75%
FIRMS IN COMPARISON* 31 7 25
APRIL, 1932 135,362,343 LOS. 9,450,143 LOS. 7,510,423 LOS.
APRIL, 1931 137,685,908 LoS. 8,270,315 Los. 11,521,087 LOS.
SCHANGE FROM PREV. YEAR. 1.69% +14.27% -34.81%
FIRMS IN COMPARISON* 29 7 24
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON APRIL I, 1932 101 387,812 Los. 7 573,461 Los. 7,300,826 LoS.
ESTIMATED PRODUCTION APR.1932 139,847,653 LOS. 9 795,823 LDS. 11,679,728 LoS.

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

AVERAGE DAILY PURCHASES PER PRODUCER*

APRIL MARCH
1932 1 1931 1932 1931
TOTAL PURCHASES" 295,316,598 Los 321,65,067 Los 265,846,926 LOS. 286,094,405LDS.
NUMOER OF PRODUCERS 73,969 .80,651 72,934 79,966
AVERAGE DAILY
PURCHASES PER
PRODUCER 133.08 LSI 132.95 LOS 121.50 LOs :119.26 LOS
PERCENTAGE CHANGE
IN 1932 COMPARED
WITH 1931 1 0..10 -1.88


PERCENTAGE CHANGE IN APRIL 1932 COMPARED WITH MARCH 1932 + 9.53
PERCENTAGE CHANGE IN APRIL 1931 COMPARED WITH MARCH 1931 -i11.48
*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF
.AND .CONDENSED MILK.

(CONTINUED FROM FIRST PAGE)


EVAPORATED MILK PRODUCTION DURING
APRIL, THE LATEST MONTH FOR WHICH DEFI-
NITE COMPARATIVE FIGURES ARE AVAILABLE,
WAS 1.7 PER CENT LIGHTER THAN DURING THE.
SAME MONTH IN 1931. THIS FIGURE REPRE-
SENTS A FURTHER NARROWING IN THE PRODUC-
TION DEFICIT, UNDER A YEAR AGO, FROM 15.2
PER CENT IN DECEMBER, TO 9.7 PER CENT IN
JANUARY, TO 9.0 PER CENT IN FEDRUARY, TO
8.8 PER CENT IN MARCH, AND, FINALLY, TO
1.7 PER CENT IN APRIL. THAT THE MAKE OF
EVAPORATED MILK DURING APRIL OF THIS YEAR
CONTINUED TO MORE CLOSELY APPROACH THAT
OF LAST YEAR WAS APPARENTLY DUE NOT TO
RELATIVELY HEAVIER MILK DELIVERIES PER
PRODUCER TO CONDENSERIES, DUT TO MORE
PRODUCERS SELLING THEIR MILK TO CONDEN-
SERY OPERATORS. THIS Is SHOWN DY THE
FACT THAT WHILE AVERAGE DAILY MILK PUR-
CHASES PER PRODUCER WERE 1.9 PER CENT
HEAVIER IN MARCH, 1932 THAN DURING THE
CORRESPONDING MONTH IN 1931, THEY WERE
ONLY 0.1 ,PER CENT HEAVIER DURING APRIL.
THE SEASONAL INCREASE IN DELIVERIES FROM
MARCH TO APRIL, WHICH IN 1931 AMOUNTED TO
11.5 PER CENT, AMOUNTED TO ONLY 9.5 PER
CENT IN 1932. THE NUMBER OF PRODUCERS
DELIVERING MILK TO CONDENSERIES, HOWEVER,
WAS INCREASED DY OVER A 1,000 FROM MARCH
TO APRIL THIS YEAR, IN COMPARISON WITH
AN INCREASE OF OUT SLIGHTLY MORE THAN
HALF THAT NUMBER DURING THE SAME PERIOD
IN 1931. THE AVERAGE PRICE PAID PRO-
DUCERS DURING MAY, 1932 FOR 3.5 PER CENT
MILK AT FACTORIES THROUGHOUT THE UNITED
STATES WAS .86 CENTS PER CWT. THIS FIGURE
REPRESENTS A DECLINE OF 7 CENTS FROM THE
APRIL PRICE, AND A DIFFERENTIAL OF 26
CENTS UNDER THE MAY, 1931 PRICE. THE
APRIL, 1932 PRICE WAS 28 CENTS PER CWT.
LOWER THAN THE CORRESPONDING 1931 PRICE.


MAY I


EVAPORATED.


.EVAPORATED MILK STOCKS HELD DY MANU-
FACTURERS HAVE CONTINUED TO SHRINK WHEN
COMPARED WITH THOSE OF. A YEAR AGO. ON
MARCH I, FOR INSTANCE, SUPPLIES WERE 14.4
PER CENT LIGHTER THAN ON THE SAME DATE IN
1931. ON APRIL I THIS DEFICIT WAS IN-
CREASED TO 32.6 PER CENT, AND-ON MAY I TO
33.5.PER:CENT. MAY I STOCKS OF EVAPO-
RATED MILK WERE ALSO 5.0 PER CENT 3ELOW
THE 5-YEAR AVERAGE AND THE LIGHTEST, FOR
THE DATE, SINCE 1927. AS THE MOVEMENT
INTO TRADE CHANNELS FOR THE FIRST FOUR
MONTHS OF 1932 IS ESTIMATED AS AROUND
17 PER CENT LIGHTER THAN A YEAR AGO, THE
DECREASE IN STOCKS MUST DE CHIEFLY
ATTRIBUTED TO THE RELATIVELY LIGHTER 1932
PRODUCTION. THE STOCKS INCREASE OF 16
PER CENT FROM APRIL I TO MAY 1, 1932 WAS
ADOUT EQUAL TO THAT WHICH OCCURRED DURING
THE SAME PERIOD IN 1931, OUT WAS APPRE-
CIAD-Y LIGHTER THAN THE USUAL INCREASE.
STOCKS IN. THE HANDS OF REPRESENTATIVE
WHOLESALE GROCERS ON MARCH 31 OF THIS
YEAR WERE 4.6 PER CENT LIGHTER THAN ON
THE SAME DATE LAST YEAR, AND 19.6 PER CENT
LIGHTER THAN AT THE END OF 1931.
CONDENSED MILK MARKETS ARE EASY
.AND..IRREGULAR. PRICES WERE FRACTIONALLY
REDUCED DURING MAY AS A RESULT OF INCREAS-
ED PRICE COMPETITION. SUPPLIES, WHILE
STILL LIGHT IN COMPARISON WITH OTHER
YEARS, HAVE RECENTLY SHOWN HEAVIER SEASON-
AL INCREASES THAN IN 1931. THIS WAS DUE
NOT ONLY TO .A LIGHTER MOVEMENT OF CON-
DENSED MILK INTO CONSUMPTION, OUT ALSO TO
A RELATIVELY LARGE SEASONAL PRODUCTION
INCREASE WHICH THIS YEAR AMOUNTED TO 24
PER CENT FROM MARCH TO APRIL. COMPARED
WITH A YEAR AGO, HOWEVER, THE APRIL MAKE
OF CONDENSED MILK FELL 14 PER CENT SHORT
OF THAT DURING THE CORRESPONDING MONTH OF
1931. UNV -- t
932 UENT DEPT

1/


8090 SCL80 L 9I L
1111II 1111 111111 ill 11111 iii1iii 11111 11111