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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/AA00013239/00016
 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: AA00013239:00016

Full Text
Ar 92 yi ,
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE

MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JULY 1932)

No. 155 WASHINGTON, D. C. JULY 22, 1932

INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 98% OF THE TOTAL CASE GOODS FACTOR-
IES:.II THE UNITED STATES-6


PRICES PAID:PRODUCERS FOR 3.5% MILK F. 0. B. FACTORY FOR JULY Ihc3
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
____REPORTING RANGE AVERAGE
NEW ENGLAND -. -12 $ -
MIDDLE ATLANTIC** 2 I.00-1.12 1.06
SOUTH ATLANTIC 2 .80-0.84 .82
E. NORTH CENTRAL 53 .70-0.93 .78
W. NORTH CENTRAL 7 .67-0.85. .76
SOUTH CENTRAL 8 .74-0.83 ,78
NORTH WESTERN 4 .65-0.74 .70
SOUTH WESTERN 7 .55-0.75 .69
U.S. JULY 1932 83 .55-1 12 .77
U.S. JUNE 1932. 86 .57-1.12 _.81
U.S. JULY 1931 80 ..70-1.37 1.02
. .. . . . !


**56 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED
WHOLESALE BUTTER QUOTATION, 19 OF THESE BEING LOCATED
REPORTED PRICES NOT DETERMINED AS YET AND 32 REPORTED
MATION RECEIVED FROM REMAIN N3 FIRMS. AVERAGE PRICES
NOT INCLUDE ANY OF THESE FACTORIES.


IN PART ON THE CURRENT MONTH'S
IN N.Y. AND PA. 10 FACTORIES
PLANTS CLOSED. NO PRICE INFOR-
SHOWN FOR THE UNITED STATES DO


35 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR JUNE AS FOLLOWS:


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


$ .92-0.95
.72-0.90
.70
.66-0.73
.69-0.81


$ *94
.81
.70
.71
.76


NET WHOLESALE SELLING PRICES IN CARLOTS F. 0. B. DISTRIBUTING POINTS JUNE 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
nACWl D Cm, r 'r I #A.. .- .- .I


F. 0. B.


BOSTON
NEW YORK CITY
PHILADELPHIA
OHICAGO
CLEVELAND
ST. LOUIS
KANSAS CITY
MINNEAPOLI S-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
LoS ANGELES


EVAPORATED MILK
(PER CASE OF 48 1I4 oz. CANS)


RANGE


AVERAGE


L *7- 4- .. ii--- I -


$2.25-2.50
2.20-2.50
2.25-2.50
2.05-2.40
2.15-2.40
2.15-2.40
2.15-2.'40
2.15-2.40
2.25-2.60
2.25-2.50
2.25-2.40
2.00-2.35
1.93-2.35
S.98-2.35


$2.39
2.40
2.39
2.23
2.28
2.26
2.27
2.26
2.43
2.41
2.35
2.25
2.16
2.18


CONDENSED MILK
(PER CASE OF 48 14 OZ. CANS)
RANGE AVERAGE
8$4.00-4.90 $4.65
4.00-4.90 4.65
4.10-4.90 4.68
5.25 5.25
4.75 4.75



4,90-5.35 5.08


AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JUNE 1932
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDEN ED
SECTIONS (PER CASE OF (PER CASE OFBULK PE CT
S48 4S- oz. cANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
6 75 $4.00
NEW ENGLAND $2.37 $4.59 $6. 3.4
MIDDLE ATLANTIC 2.31 4.59 7.64 3.84
SOUTH ATLANTIC 2.34 4.64 7.33 4.33
E. N. CENTRAL 2.27 5.25 6.63 3.96
W. N. CENTRAL 2.23 6.91 4.13
SOUTH CENTRAL 2.36 5.20 7.33 4.53
NORTH WESTERN 2.26 7.33 4.25'
SOUTH WESTERN 2.28 7.33 4.33-


U. S. AVERAGE
JUNE 1932 1 $2.30 $4.76' $7.13
U. S. AVERAGE
MAY 1932 $2.34 $4.89 7.21
U. S. AVERAGE
JUNE 1931 1 $3.00 $5.73 $7.91


$4.08

$4.16

$4.51


JULY EVAPORATED MILK MARKETS FIRM FOLLOWING- DECLINE IN PRICE EARLY INMONTH


JULY EVAPORATED MILK MARKETS RULED
FIRM FOLLOWING THE DECLINE EARLY IN THE
MONTH OF 25 CENTS PER CASE, ACCORDING TO
THE U. S; BUREAU OF AGRICULTURAL ECONOMICS.
THIS PRICE REDUCTION CAME MORE OR LESS
UNEXPECTEDLY AND WAS SAID TO HAVE BEEN
THE RESULT, NOT SO MUCH OF ANY INHERENT
WEAKNESS IN THE MARKET SITUATION, AS OF
THE DESIRE OF MANUFACTURERS TO STIMULATE
CONSUMPTION IN ORDER TO AVOID ACCUMU-
LATIONS OF STOCKS. THE STRONGER TONE
WHICH DEVELOPED ALMOST IMMEDIATELY FOL-
LOWING THE DECLINE IN PRICES WAS THE
RESULT NOT ONLY OF THE INCREASED BUYING
DEMAND, BUT ADVANCING BUTTER AND CHEESE


PRICES, AS WELL AS THE DECREASED MILK
FLOW ALSO CAUSED DEALERS TO HOLD STOCKS
MORE CLOSELY. THE LARGER BUYERS, ESPECI-
ALLY, WERE DISPOSED TO ANTICIPATE NEEDS,
BUT MANY MANUFACTURERS WERE NOT BOOKING
ANY ORDERS AHEAD, NOR WERE THEY INCLINED
TO TAKE ON NEW CUSTOMERS IN ANTICIPATION
OF A POSSIBLE'UPTURN 'IN THE MARKET.
RETAIL PRICES OF EVAPORATED MILK
CONTINUED LOW IN EASTERN CHAIN STORES,
SELLING IN SOME INSTANCES AS LOW AS FOUR
CANS FOR 19 CENTS. THE AVERAGE PRICE TO.
PRODUCERS DURING JULU, 1932 FOR 3.5 PER
CENT MILK AT CONDENSERIES THROUGHOUT THE


(CONT-INUED ON NEXT PAGE)
JULY 1932


--


- -


CASH OR SHORT TIME CR T.


LI


, 1


I


-'~--- """ '^'^






PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCdKS:HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
9WN 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 UI- OF THE TOTAL FAfrTOInLF IN TIu-I ITlIrrl SrTATIr-e


.EVAPORATED MrLK CONDENSED MILK CONDENSED MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON JULY I, 1932 212,430,726 LBS. 19,986,111 LBS. 13,799,688 LBS.
NO. OF FIRMS REPORTING* 33 7 25
COMPARISON FOR SAME FIRMS:
JULY I, 1932 212,430,726 LBS. 19,986,111 LBS. 13,304,678 LBS.
UNE 1, 1932 164,420,738 Ls. 15,245,986 LBS. 8,817,811 LBS.
CHANGE DURING MONTH +29.19 +31,09$ +50.88
IRMS IN COMPARISON 33 7 24
JULY I, 1932 212,430,726 LBS. 19,986,111 LBS. 13,304,678 LBs.
JULY I, 1931 273,981,507 LBs. 23,997,553 LBS. 18,690,.117 LBS.
CHANGE FROM PREV. YEAR -22.47% -16.72% -28.82%
IRMS IN COMPARISON* 33 7 24

PRODUCTION
COMPARISON FOR SAME FIRMS:
JUNE, 1932 173,171,660 LBS. 5,091,990 LBS. 11,455,351 LBS.
MAY, 1932 175,217,875 LBS. 6,061,406 LBS. 9,332,282 LBS.
CHANGE DURING MONTH 1.17% -15.99% +22.75%
IRMS IN COMPARISON* 32 7 23
JUNE, 1932 171,830,112 LBS. 5,091,990 LBS. 11,455,351 LBS.
JUNE, 1931 165,669,633 LBS. 6,807,370 LBS, 13,001,595 LBS.
,v CHANGE FROM PREV. YEAR + 3.72% -25.20% -11.89
FIRMS IN COMPARISON* 31 7 24
FINAL REVISIONS FOR LAST MONTH:
**TOTAL STOCKS ON JUNE I, 1932 164,420,738 LBS. 15,245,986 LBS. 8,865,435 LBS.
ESTIMATEDPRODUCTION JUNE 1932 184,017,597 LBS. 5,168,243 LBS. 17,333,045 LBS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** NO CHANGE FROM ORIGINAL FIGURES.

AVERAGE DAILY PURCHASES PER PRODUCER*
JUNE MAY
_1932 1931 1932 1931
TOTAL PURCHASES 363,115,441 LBS 376,037,283 LBS 361,781,903 LBS 384,818,582 LBP
NUMBER OF PRODUCERS 81,095 82,728 78,849 82,785
AVERAGE DAILY
PURCHASES PER
PRODUCER 149.,3 LBS 151.52 LES 148.01 LBS 149.95 LBS
PERCENTAGE CHANGE IN
1932
COMPARED WITH 1.49 1.29
1931
P 932 + 0 8A


r-rIut MIA UCIANUGE IN JUNE IJO3 UUOMPARKD WI ln IVIMY
PERCENTAGE CHANGE IN JUNE 1931 COMPARED WITH MAY
THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR
CONDENSED MILK.


- + 1.05


THE MANUFACTURE OF EVAPORATED


.(CONTINUED FROM FIRST PAGE)


-UNITED STATES WAS 77 CENTS PER OWT. THIS
FIGURE REPRESENTS A DECLINE FROM THE JUNE
PRICE OF 4 CENTS PER CWT., AND A DIFFER-
ENTIAL UNDER JULY, 1931 OF 25 CENTS. IN
.JUNE THIS DIFFERENTIAL AMOUNTED TO 23
CENTS.

EVAPORATED MILK PRODUCTION DURING
JUNE, THE LATEST MONTH FOR WHICH DEFINITE
COMPARATIVE FIGURES ARE AVAILABLE, WAS
3.7 PER CENT HEAVIER THAN DURING THE SAME
MONTH I.N 1931. THE OUTPUT OF EVAPORATED
MILK,IN COMPARISON WITH A YEAR AGO HAS,
THEREFORE, CONTINUED TO GAIN, INCREASING
FROM A DEFICIT PRODUCTION OF 15.2 PER
CENT IN DECEMBER UNDER A YEAR AGO TO THAT
MENTIONED ABOVE.- THE HEAVIER SEASONAL
INCREASES IN PRODUCTION IN 1932 THAN IN
1931, WHICH ARE INDICATED BY THE ABOVE,
WERE DUE MORE TO AN INCREASING NUMBER OF
PRODUCERS DELIVERING MILK TO CONDENSERIES
THAN TO A RELATI-VELY HEAVIER MILK FLOW.
THIS IS INDICATED BY THE FACT THAT ....
AVERAGE DAILY MILK PURCHASES PER PRODUCER
WHICH IN DECEMBER WERE 6.5 PER CENT
HEAVIER THAN A YEAR EARLIER, WERE STEAD-
ILY DECREASED, IN COMPARISON WITH A YEAR
AGO, UNTIL IN JUNE THEY WERE ACTUALLY 1.5
PER CENT LIGHTER. THE LIGHTER DELIVERIES
PER PRODUCER ARE SAID TO BE DUE, NOT TO A
SMALLER NUMBER.OF COWS, BUT TO A LIGHTER
PRODUCTION PER COW. COMPARED ?WITH THE
PREVIOUS MONTH, THE MAKE bF EVAPORATED
MILK DURING JUNE SHOWED A DECREASE OF 1.2
PER CENT, IN COMPARISON WITH A DECREASE
OF 3.7 PER CENT IN 1931-, BUT INCREASES
OF 4.3 PER CENT IN 1930, 13.7 PER CENT IN
1929, AND 16.6 PER CENT IN 192.8.
STOCKS OF EVAPORATED MILK IN
MANUFACTURERS' HANDS ON-JULY I WERE 22,5



JULY

100 sELOO z99L c
Illi sI IIIIIIIIII1II UIllll IIII llIi IIIIIIII


PER CENT LIGHTER THAN ON THE SAME DATE IN
1931, AND 1.8 PER CENT LIGHTER THAN 5-YEAR
AVERAGE SUrPL.IES For THAT DATE. THE 29.2'
PER CENT IN.'?:E:AaE IN STOCKS DURING JUNE
COMPARED, W TIh *.-; INCREASE OF 19.3 PER CENT
cURING THE '.A'. ._ MOI' ri :"',J 1931, AND A 5-
YEAR AVEr.AE ;..'.i ,;I~r; ASE-OF 31.9 PER
CENT.. T.-:v Fi;.'L'."-, T-,.- ARE INDICATIVE
OF A LIGc:-i-"R *V/...'~jir CF EVAPORATED MILK
INTO CONSLUM.iCN LUirING JUNE THIS YEAR IN
COMPARISON WiTH OTHER RECENT YEARS.
CONDE 7ED MILK MARKETS RULED ABOUT
STEADY. WHL.E SUPPLIES WERE FULLY AMPLE
AND THE DEPANOD ONLY MODERATE, MOST DEALERS
WERE SOMEWHAT MORE OPTiMISTIC THAN A MONTI
AGO. THERE WAS AN INCREASED MOVEMENT OF
BULK CONDENSED MILK INTO ICE CREAM AND
OTHER CONFECTIONERY PRODUCTS BUT, ON
ACCOUNT OF THE RELATIVELY COOLER WEATHER,
CONSUMPTION :N T-!rESE QUARTERS WAS NOT AS
HEAVY AS A YEAR A.C3' CI;INENSED MILK PRO-
DUCTIO-N DURING JU'-E FELL 3,0 PER CENT
SHORT OF THAT DU;I NG .';-;r: CAME MONTH A
YEAR AGO. THE SEASONAL INCREASE IN PRO-
DUCTION FROM MAY TO JUNE WHICH THIS YEAR
AMOUNTED TO 7.5 PER 'CENT, COMPARED WITH A
DECREASE OF' I.0 PCR CENT A YEAR AGO, AND
A DECREASE OF 3.9 PER CENT IN '1930. THE
HEAVIER PRODUCTION WAS REFLECTED IN A 38.Z
PER CENT INCREASE IN STOCKS DURING JUNE,
BUT SUPPLIES ON JULY I WERE STILL 22.5 PEF
CENT LIGHTER THAN ON THE SAME DATE A
YEAR AGO. ON JUNE I, HOWEVER, THIS
DEFICIT AMOUNTED TO .38.0 PER CENT,
AND ON MAY I TO 41.0 PER CENT,



...NIV. OF FL LH.
OCUMENT8 DEPOT

1932 .

U. DApO(.TO.y


1931