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:
AA00013239:00015


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
..-MARKET NEWS SERVICE
S"' MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT


No. 154 WASHI NGTON, ... JUNE 22, 1932.


-INFORMATION IN TH'.S REPORT REGAR:dING PRICES, STOCKS AND PRODUCTION -I.S FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS' OPERATING 99% OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES*


SriT iL.U rI i r rI F'UWU 4c.IO r'r 1.7O iviI L r. v. D. r ,ul n Ir rvn uuIL. I'
GEOGRAPHIC SECTI NUMBER OF FACTORIES PRICE PER CWT.
SETIN REPORTING RANGE AVERAGE
NEW ENGLAND $ -$ -
MIDDLE ATLANTIC** 2 1.00-1.12 1.06
SOUTH ATLANTIC : 2 .85- .90 .88
E.NORTH CENTRAL 56 .71- .92 .81
W.NORTH CENTRAL 7 .72- .90 .82
SOUTH CENTRAL 8 .79- .90 .84
NORTH WESTERN .4 .65- .79 .73
SOUTH WESTERN 7 .57- .79 .72
U. S. JUNE 1935 2b .b-TTI .UI
U.S. MAY 1932 -- 4 ~~ 60-~T.27 .86
U. S. JUNE F1931 -80 ,92-1.37 1.04


**56 ADDITIONAL FACTORIES:REPORTED.PRICES TO BE BASED IN PART ON THE CURRENT MONTH'S
WHOLESALE BUTTER QUOTATION, 21 OF'THESE BEING'LOCATED IN N.Y. AND PA. 19 FACTORIES
REPORTED PRICES NOT DETERMINED AS'YET AND 31 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION RECEIVED FROM REMAINING FIRMS. AVERAGE PRICES SHOWN FOR THE UNITED C:TATES DO
NOT INCLUDE ANY OF THESE FACTORIES.

38 FACTORIES WHICH'DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR MAY AS FOLLOWS: ___
MIDDLE ATLAPITIC i $ .9 ~ .90
E.NORTH CEN'RAL 23 .73- .96 ..88 ....
SOUTH CENTRAL .78 .78
NORTH WESTERN 6 .63- .77 .72
SSOUTH WrSTERN : .7 .75- .88 .83

NET WHOLESALE SELLING PRICES IN CAR LOTS F. 0. B. DISTRIBUTING POINTS MAY 1932
(CASE GOODS)
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. B _(PER CASE OF 4- .- 141 Ol.CANS) (PER CASE OF 48 14 OZ.CANS)
RANGE AVERAGE RANGE AVERAGE
QBSTON $2.25-2.80 $2.43 $4.75-4.90 $4.83
NEW YORK CITY 2.25-2.80 2 .43, 4.7-4.85 4.83
PHILADELPHIA 2.25-2.80 2.43 4.75-4.90 4.83
CHICAGO 2.15-2.70 2.28 5.25 5.25
CLEVELAND 2.15-2.70 2.32 4.75 4.75
?T. Louis 2.T56-F.70. 2.32
KANSAS.CITY 2.15-2.70 2.32
MINNEAPODIS-ST.PAUL 2.15-2.70 "' 2.29
ATLANTA 2.25-2.80 2.44
EW ORLEANS 2.25-2.80 2.43 4.90-5.35 5.20
UENVER 2.20-2.55 2.34 -
SEATTLE 2.05-2.55 2.29
SAN FRANCISCO 2.10-2.30 2.20
Los ANGELES 2.10-2.30 2.20 _

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS MAY 1932
GEOGRAiPHi.C UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF (PER CASE OF ( ULK P.ER CWT.)
________ 48 L4- OZ.CANS) 48 14 oz. CANS) NSKIMMED K IMMED
NEW ENGLAND $2.39 $4.63 $6.78 $4.13
MIDDLE ATLANTIC 2.37 4.63 7.63 3.97
.SOUTH ATLANTIC 2.36 5.02 7.53 4.50
E.N.CENTRAL 2.30 5.25 6.79 3.79
W.N.CENTRAL 2.28 -7.19 4.36
SOUTH CENTRAL 2.42 5.38 7.37 4.42
NORTH WESTERN 2.35 7.03 4.41
SOUTH WESTERN 2.33 7.28 4.31
U. E. AVERAGE
MAY 1932 1 $2.34 $4.89 $7.2$4.16
U. S. AVERAGE I 7 ,
APRIL 1932 $ER2.58 !i $4.93 $7.43 $4.29
U, 6. AVERAGE
MAY 1931 j $3.03 $5.74 $8.00 $4.52
EVAPORATEDMILK MARKETS CONTINUE EASY'WITH UNDERTONE UNSETTLED DEMAND FAIR


JUNE EVAPORATED MILK MARKETS JERE
EASY AND THE UNDERTONE CONTINUED DECIDEDLY
UNSETTLED, ACCORDING TO THE U.S.BUREAU OF
AGRICULTURAL ECONOMICS. WHILE THERE WERE
NO MATERIAL PRICE CHANGES, MANY DISTRIBU-
TORS WERE OFFERING VARYING PRICE CONCESS-
IONS IN AN EFFORT TO KEEP GOODS MOVING DUR-
ING THE PERIOD OF FLUSH PRODUCTION. SOME
OF THE MORE OPTIMISTIC BUYERS WERE ACCUMU-
LATING STOCKS, BEING OF THE OPINION THAT
PRICES WOULD NOT WORK LOWER. OTHERS, HOW-
EVER, HELD PURCHASES CLOSELY TO ACTUAL
NEEDS. GENERALLY SPEAKING, THEREFORE, THE
MOVEMENT OF EVAPORATED MILK INTO CONSUMP-
TION WAS ONLY FAIR BEING CURTAILED, TO
SOME DEGREE, BY THE UNSEASONABLY COOL
WEATHER. RETAIL PRICES OF EVAPORATED MILK
CONTINUED LOW, BUT SO DID PRICES OF FLUID
MILK ALSO, WITH THE RESULT THAT THERE WAS
NOT ANY APPARENT SHIFT IN THE DEMAND.FROM
ONE TO THE OTHER SUCH AS HAD OCCURRED DUR-
ING THE FIRST MONTHS OF 1931 WHEN THE
(CONTINUED ON
JUNE


FORMER WAS RELATIVELY THE MORE FAVORABLE
OF THE'TWO IN MANY COMMUNITIES. IN THE
EAST, SOME CHAIN STORES RETAILED EVAPORAT-
ED MILK DURING JUNE FOR AS LOW AS TWO
CANS FOR 9 CENTS. PRODUCTION, AT.THE
PEAK OF THE YEAR, WAS.ESTIMATED AS ABOUT
EQUAL TO SLIGHTLY HEAVIER THAN A YEAR
AGO, BUT STOCKS WERE STILL MATERIALLY
LIGHTER. THE AVERAGE PRICE PAID PRODUC-
ERS DURING JUNE, 1932 FOR 3.5 PER CENT
MILK AT CONDENSERIES THROUGHOUT THE
UNITED STATES WAS 81 CENTS PER CWT. THIS
FIGURE REPRESENTS A DECLINE FROM THE MAY
PRICE OF 5 CENTS PER CWT., AND A DIFFER-
ENTIAL UNDER UNE, 1931 OF 23 OENTS. IN
MAY THIS DIFFERENTIAL AMOUNTED TO 26
CENTS, IN APRIL TO 28 CENTS, IN MARCH TO
32 CENTS, AND IN FEBRUARY TO 36 CENTS
PER CWT.
EVAPORATED MILK PRODUCTION DURING
MAY, THE ATEST MONTH FOR WHICH DEFINITE
NEXT PAGE)


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n a c~nme~V CrrC) Illhle ~Q7~




OlllS AD lllPROlUlllTONOFllllll-tlMlEVAu 3 12 0 5
STOCKS AND PRODUCTION OF EVAPORATED AND C00NDENE 3 1262087350459


TOTAL STOCKS .I.LLUDE ALL STPQKS .HELD.BY MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR STOCKS OF .OTHERS;-. WHETHER -ON.THE.1-R QWN..PREMI SES I-N. STORAGE, OR IN TRANSIT
(UNSOLD) FOR WAREHOUSE CONSIGNMENT; '.A'D WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
PRODUCTION" FIGURES FOR THE CURRENT MO-NTH I NCL-UDE -REPORTS FROM FIRMS OPERATING
APPROXIMATELY O9% OF THE T-OTAL FTOnRIe I 4.TE IIMIT.Fn .r.Tr~rATFS


PERCENTAGE CHANGE IN MAY 1932 COMPARED WITH APRIL 1932
PERCENTAGE CHANGE IN MAY 1931 COMPARED WITH APRIL 1931
* THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE
AND CONDENSED MILK.


- + 11.22
+ 12.79
MANUFACTURE OF


EVAPORATED


(CONTINUED FROM FIRST PAGE)
COMPARATIVE FIGURES ARE AVAILABLE, WAS DURING MAY AMOUNTED TO 40 PER CENT AND WAS,
0.9 PER CENT HEAVIER THAN DURING THE THEREFORE, APPRECIABLY HEAVIER THAN THE
CORRESPONDING MONTH IN 1931. PRODUCTION, 25 PER CENT INCREASE DURING THIS MONTH
THEREFORE, HAS CONTINUED TO GAIN, IN COM- 'IN 1931, ANDTHE MAY 5-YEAR AVERAGE IN-
PARISON WITH A YEAR AGO, FROM A.DEFICIT CREASE OF 33 PER CENT. FROM THESE
MAKE OF 15.2 PER CENT IN DECEMBER UNDER FIGURES IT IS APPARENT THAT CONSUMPTION
A YEAR AGO TO THE FIGURE MENTIONED ABOVE. .WAS NOT AS HIGH AS IN OTHER RECENT YEARS.
GENERALLY SPEAKING, "TRE HEAVIER SEASONAL
INCREASES IN EVAPORATED MILK OUTPUT FROM CONDENSED MILK MARKETS CONTINUED EASY
MONTH TO MONTH DURING 1932 THAN IN 1931 AND IRREGULAR. DEMAND WAS GENERALLY SLOW,
WERE DUE MORE TO INCREASING NUMBER OF THERE BEING HARDLY ANY TENDENCY TO ACCUMU-
PRODUCERS DELIVERING MILK TO CONDENSERIES LATE STOCKS. THE UNSEASONABLY COOL
THAN-TO A RELATIVELY HEAVIER MILK FLOW. WEATHER WHICH PREVAILED IN SOME OF THE
IN.FACT, AVERAGE DAILY MILK PURCHASES PER IMPORTANT CONDENSED MILK CONSUMING SECTION.
PRODOOER, WHICH IN DECEMBER WERE 6.54 PER PROBABLY WAS CHIEFLY RESPONSIBLE FOR THE
OENT-.HE-AVIER- THAN A YEAR EARLIER, .HAVE LIGHT MOVEMENT. INTO CONSUMPTION. CONDENSED
STEADILY DECREASED IN'COMPARISON WITH THE MILK PRODUCTION DURING MAY FELL 28 PER
SAME MONTHS IN 1931 UNTIL IN MAY-THEY CENT SHORT OF THAT DURING THE SAME MONTH
WERE ACTUALLY 1.29 PER CENT LIGHTER THAN ;IN 1931, AND ALSO SHOWED A DECREASE OF
A YEAR AGO. COMPARED WITH. THE PREVIOUS 8 PER CENT FROM THE APRIL MAKE. :THE
MONTH, THE MAKE OF.EVAPORATED MILK DURING LATTER CHANGE IN THE PRODUCTION TREND IS
MAY-SHOWED A GAIN OF.28 PER CENT, IN UNUSUAL, OF COURSE, FOR THIS SEASON OF
COMPARISON WITH 25..P.ER CENT. I.N 1931, 3c THE YEAR, AND IS A REFLECTION OF THE
PER CENT- IN 1930, -AND 31 RER OENT I.N -1 929 EFFORTS OF MANUFACTURERS TO LIMIT PRO-
C O; DUCTION TO CONSUMPTION. DESPITE THIS
S r. TOCK OF EVAPORATED MILK [N MANU'- FACT, THE INCREASE IN STOCKS DURING MAY
FACTURERS! HANDS ON JUNE I, WERE 28 PE AMOUNTED TO 44 PER CENT, IN COMPARISON
CENT LIGHTER THAN ON THE SAME DATE IN WITH A 5-YEAR AVERAGE INCREASE OF ONLY A-
1931 BUT WERE APOUT EQUAL TO 5-YEAR BOUT 32 PE CENT.' STOCKS ON -JUNE I WERE
.AVERAGE SUPPLIES. THE INCREASE IN'STOCKS 38 PER CENT LIGHTER THAN A YEAR AGO,
I BUT WERE 41 PER CENT LIGHTER ON MAY I.


JUNE.1932


UNIV. Q fl --i~T
UNIV. OF. FL Li1.
I.OCUMENTS DEPT


U.S. __PO__ITORY

_Jjj_gI^QTacr .


PAGE 2


EVAPQnATEt MILK CONDENSED MI K OQNDE'NSED MI.K
(CASE GooD"s) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON JUNE I., 1932 1 164,420,738 Les.. 15,245,986 LBS. 8,965,435. La.
No. OF FIRMS REPORTING 33 7' 25
COMPARISON FOR SAMA FIRMS: ....
JUNE'I, 1932 164;420 738 LBS. 15,245,986 LBS, 8,865,435 LB.S.
vAY., 1932 '117 688 812 LBS. 9532 448. LS. 7,207 723 'BS.
,CHANGE DURING MONTH 1 397,71 + 59.93 % + 22.99
FIRMS IN COMPARISON 33 7 25
JUNE I, 1932 164,420, 738. LBS. 15,245,986 LBS. 8,865,435 LBS.
UNE I, 1931 229,546.,986 LBS. 19,892 402 LBS. 19,065 478 Bas.
CHANGE FROM PREV. YEAR 28.38 % 3.36 % 53.51 .
IRMS IN COMPARISON 33 7 25
PRODUCT 1N
COMPARISON FOR SAME FIRMS:
MAY, 1932 175,217,875'LBS. 6,061 406 LBS. 9,591,954 LBS.
APRIL, 1932 136,800,833 es. 9,450 143 Las. 7,624,872 LB.
CHANGE DURING MONTH + 28.08 -35.86 7 + 25.80
FIRMS IN COMPARISON* 33 7 25
MAY, 1932 173,'643,367 Las. 6,061,406 LBS. 9,591 ,954 LBS.
AY, 1931 .172,093 103 LBS. 8,576 732 LBS. 13,142,239 BS.
CHANGE FROM PREV. YEAR + 0.90S -* 9.33. 27.01
FIRMS IN COMP.AR.ISON*. 32 7 25
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOcKS ON MAY 1, 1932 117,685,812 LBS. 9,632,448 LBS. 7,629,207 LBS.
ESTIMATED PRODUCTION MAY 1932' 18Q.,905,020 LBS. 6,864,583 LBS. 14,937,778 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
*AVERAGE-DAILY PURCHASES 'PER PRODUCER*

MAY APRIL
--'______1932 1931 _'_. .1932 1931
TOTAL PURCHASES 61,781,903 La. 384,8,82 LB. 295,316, 8 LBS. 321,665,06
NUMBER OF PRODUCERS 78,849 82,785 73,969 80,651
AVERAGE DAILY
PURCHASES PER
SPRODUCER 148.01 LBs. 149.95 LBS. 133.08 LBS. 132.95 LBSi
PERCENTAGE CHANGE
N IN 1.932 COMPARED
WITH 1931 1.29 t 0.10




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