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:
AA00013239:00017


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UNITED STATES DEPARTMENT OF AGRICULTURE ,,I -,
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS. SERVICE
-u.,. DIPO 1TO y
MONTHLY EVAPORATED ANQ CONDENSED MILK MARKET REFUR -
:(AUGUST 1932)

No. 156 WASHINGTON', D. C. AUGUST 23, 1932
.INFORMATION I.N THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 98% OF THE TOTAL CASE GOODS FACTOR-
I'ES IN THE UNITED STATES.


PRIflES PAIR PROR1JRFRS FOR 3.FA~ MIlIK


F. 0). B. FACTORY I-OH A~UUU1 ly~


.GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ $ -
MIDDLE ATLANTIC** 2 1.00-1.07 1.04
SOUTH ATLANTIC 2 .80-0.82 .81
E. NORTH CENTRAL 54 .65-0.92 8%
W. NORTH CENTRAL 6 .74-0.85 78
SOUTH CENTRAL 8 .74-0.82- .77
NORTH WESTERN 4' .70-0.82 .72
SOUTr WESTERN 7 .53-0.76 .71
U..S. AUGUST 1932 83 .53-1.07 .80
U.S. JULY 1932 83 .55-1.12 .77
U.S. AUGUST 1931 7. 79 .70-1.37 1.03
**c I-^; _~


D '5 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURnREN MUInvi'i
WHOLESALE BUTTER QUOTATION, 19 OF THESE BEING LOCATED IN N.Y. AND PA. 10 FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 32 REPORTED PLANTS CLOSED. NO PRICE I.NFOR-
MATION RECEIVED FROM REMAINING FIRMS. AVERAGE PRICES SHOWN FOR THE UNITED STATES DO
NOT INCLUDE ANY OF THESE FACTORIES.

39 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR JULY AS FOLLOWS:
MIDDLE ATLANTIC 3 $ .82-1.01 $ .94
E. NORTH. CENTRAL 22 .75-1.03 .86
SOUTH CENTRAL I .70 .70
NORTH WESTERN 6 .60-0.73 .69
SOUTH WESTERN 7 .73-0.88 .81

NET WHOLESALE SELLING PRICES IN CARLOTS F. 0. B. DISTRIBUTING POINTS JULY 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


IME CREDIT


EVAPORATED. MILK CONDENSED MILK
F. 0. 8. (PER CASE OF 48 141 OZ. CANS) (PER CASE OF 48 14 Z. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.00-2.50 $2.15 $4.75-4.85 $4.82
NEW YORK CITY 2.00-2.55 2.18 4.75-4.85 4.82
PHILADELPHIA 2.00-2.50 2.14 4.75-4.85 4.82
CRICAGO 1.90-2.40 2.01 5.25 5.25
CLEVELAND 1.90-2.40 2.06 4.75 4.75
ST. Louis 1.90-2.40 2.05
KANSAS CITY 1.90-2.40 2.07 --
MINNE-APOLIS-ST.PAUL 1.90-2,40 2.08 -
ATLANTA 2.00-2.50 2.22
NEW ORLEANS 2.00-2.50 2.19 4.65-5.00 4.88
DENVER 2.15-2.40 2.24
SEATTLE I 0-2. 30 2.19
SAN FRANCISCO 1.96-2.25 2.14
Los ANGELES 1.95-2.25 2.12

AVERAGE WHOLESALE SELLfNG PRICES BY GEOGRAPHIC SECTIONS JULY 1932
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTION .(P CASE OF (PER CASE OF BULK PER CWT.
SECTION 48 14| oz. CANS) 48- 14 oz. CANS) _UNSKIMMED SKIMMED
NEW ENGLAND $2.13 $4.53 $6.79 $4.30
MIDDLE ATLANTIC 2.13 4.53 7.52 3.81
SOUTH ATLANTIC 1.96 4.83 6.79 4.29
E. N. CENTRAL 2.07 5.25 6.40 3.73
W. N. CENTRAL 2.03 6.59 4.07
SOUTH CENTRAL 2.13 5.00 6.79 4.29
NORTH WESTERN 2.15 6.79 4.59
SOUTH WESTERN 2.15 6.03 4.16
U. S. AVERAGE
JULY 1932 $2.09 $4.73 $6.74 $4.08
U. S. AVERAGE
JUNE 1932 $2.30 $4.-76 $7.13 $4.08
U. S. AVERAGE
JULY 1931 $2.85 .$5.39 $7.79 $4.57

EVAPORATED MILK MARKETS CONTINUE FIRM DEMAND ACTIVE MOST QUARTERS


EVAPORATED MILK MARKETS HAVE
CONTINUED TO WORK INTO A STRONGER POSITION
SINCE THE PRICE DECLINE OF 25 CENTS PER
CASE EARLY IN JULY, ACCORDING TO THE U.S.
BUREAU OF AGRICULTURAL ECONOMICS. THE
PREVAILING FIRM TONE DURING AUGUST WAS A
REFLECTION, NOT ONLY OF HIGHER DAIRY
PRODUCTS PRICES IN GENERAL, BUT ALSO OF
THE CURRENT SUPPLY AND DEMAND SITUATION.
THE MAKE OF EVAPORATED MILK APPARENTLY
CONTINUED APPRECIABLY HEAVIER THAN A YEAR
AGO, BUT WAS ONLY ABOUT EQUAL TO THE
AUGUST 5-YEAR AVERAGE PRODUCTION. THE
MOVEMENT INTO CONSUMPTION WAS CONSIDERED
GENERALLY SATISFACTORY IN TRADE CIRCLES.
(CONTINUED


MANUFACTURERS OF LESSER KNOWN
BRANDS OF EVAPORATED MILK FOUND PRODUCTION
BELOW TRADE REQUIREMENTS. IN ORDER TO
MEET THIS SITUATION, PR-ICES WERE RAISED
UNTIL THEY WERE ON A PAR WITH THOSE OF
MORE WIDELY ADVERTISED BRANDS, AND THE
MAKE WAS-INCREASED BY THE MORE AGGRESSIVE
SOLICITATION OF RAW MATERIAL. THE
AVERAGE U.S. PRICE PAID PRODUCERS DURING
AUGUST, 1932 FOR 3.5 PER CENT MILK
DELIVERED TO CONDENSERIES IS 80 CENTS P:ER
CWT. THIS FIGURE REPRESENTS AN ADVANCE
FROM THE JULY PRICE OF 3 CENTS PER OWT.
AND A NAR&OWING IN"THE PRICE DI.FFENENTIAL,
UNDER THE SAME MONTH A YEAR AGO, FROM 25'
ON NEXT:PAGE)


AUGUST 1932







PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY 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 9B% OF THE.TOTAL FACTORIES IN THE UNITED STATES.


EVAPORATED MILK CONDENSED MILK CONDENSED MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)

TOTAL STOCKS
TOTAL STOCKS ON AUGUST I, 1932 225;'896,999 LBs. 21,446,986 LBS. 12,581,558 LBs.
NO. OF FIRMS REPORTING* 32 7 25

COMPARISON FOR SAME FIRMS:
AUGUST I, 1932 225,396,999 LBS. 21,446,986 LBS. 12,581,558 LBS.
JULY 1932 212,430,726 LBS. 19,986,111 Les. 13,799,688 LBS.
% CHANGE DURING MONTH + 6.33% + 7.30% 8.83%
FIRMS IN COMPARISON 32 7 25
AUGUST 1, 1932 225,896,999 LBS. 21,446,986 LBS. 12,137,795 LBS.
AUGUST I, 1931 274,636,112 Las. 24,070,653 LBS. 16,019,659 Las.
% CHANGE-FROM PREV. YEAR -17.75% -10.90% -24.24%
FIRMS IN COMPARISON* 32 7 24

PRODUCT I ON
COMPARISON FOR SAME FIRMS:
JULY, 1932 144,802,902 LBS.' 5,236,111 Las. 7,813,524 LBS.
JUNE, 1932 173,171,660 LaB. 5,091,990 LBS. 11,888,121 Las.
% CHANGE DURING MONTH -16.38% + 2.83% -34.36%
FIRMS IN COMPARISON* 32 7 25
JULY, 1932 143,990,922 LBS. 5,236,111 LBS. 7,458,188.Les.
JULY, 1931 1.21,767,473 LaB. 7,993,346 Les. 9,791,835 Las.
% CHANGE FROM PREV. YEAR +18.25% -34.49% -23.83%
FIRMS IN COMPARISON* 3 7 24
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JULY 1,1932 212,430,726 LBS. 19,986,111 LBS. 13,856,121 Las.
ESTIMATED PRODUCTIONJULY, 1932 153,875,545 LBs. 5,314,504 LBS. 11,377,411 LsS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*
JULY JUNE
1932 1931 1932 1931
TOTAL PURCHASES 315,962,692 LaB 316,739,820 LaB 363,115,441 LaS 376,037,283 LBs
NUMBER OF PRODUCERS -79,085 80,433 81,095 82,728
AVERAGE DAILY
PURCHASES PER
PRODUCER 128.88 LBs 127.03 Los 149.26 LBS [51.52 LeB
PERCENTAGE CHANGE IN
1932
COMPARED WITH + 1.46 1.49
1931


PERCENTAGE CHANGE IN JULY 1932 COMPARED WITH
PERCENTAGE CHANGE IN JULY 1931 COMPARED WITH
* THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY
AND CONDENSED MILK.


JUNE 1932 13.65
JUNE 1931 16.16
FOR THE MANUFACTURE OF


EVAPORATED


(CONTINUED FROM FIRST PAGE)


CENTS IN JULY TO 23 CENTS IN AUGUST.

EVAPORATED MILK PRODUCTION DURING
JULY, THE LATEST MONTH FOR WHICH DEFINITE
COMPARATIVE FIGURES ARE AVAILABLE, WAS
18.3 PER CENT HEAVIER THAN DURING THE
SAME MONTH IN 1931. THE MAKE OF EVAPO-
RATED MILK, IN COMPARISON WITH A YEAR
EARLIER HAS, THEREFORE, CONTINUED TO GAIN,
INCREASING FROM A DEFICIT PRODUCTION OF
15.2 PER CENT IN DECEMBER, 1931 UNDER A
YEAR PREVIOUS, TO A 0.9 PER CENT HEAVIER
MAKE IN MAY, A 3.7 PER CENT EXCESS PRO-
DUCTION IN JUNE, AND THE 18.3 PER CENT
INCREASE IN JULY MENTIONED ABOVE. IN
THIS CONNECTION IT SHOULD BE OBSERVED
THAT EVAPORATED MILK PRODUCTION DURING
1931 FELL APPROXIMATELY 5.0 PER CENT SHORT
OF THAT IN 1930. THE MAKE DURING THE
FIRST HALF OF THE YEAR WAS APPRECIABLY
HEAVIER THAN IN 1930 AND, THEREFORE,
DECIDEDLY LIGHTER DURING THE LAST HALF OF
THE YEAR. ACCORDINGLY, THE CURRENT
HEAVIER OUTPUT IN 1932 IN COMPARISON WITH
A YEAR AGO, DOES NOT MEAN THAT EVAPORATED
MILK PRODUCTION IS UNUSUALLY HEAVY FOR
THIS SEASON OF THE YEAR, AS COMPARATIVE
FIGURES WITH OTHER YEARS SHOW THAT THE
MAKE IS NOT EXCEEDING THE 5-YEAR AVERAGE.
THE HEAVIER SEASONAL INCREASES IN PRO-
DUCTION IN 1932 THAN IN 1931, WHICH ARE
INDICATED BY THE ABOVE, WERE DUE, PRINCI-
PALLY, TO AN INCREASING NUMBER OF PRO-
DUCERS DELIVERING MILK TO CONDENSERIES,
ALTHOUGH IN JULY THE SEASONAL DECREASE IN
THE MAKE WAS LIGHTER THAN A YEAR AGO NOT
SO MUCH BECAUSE THE NUMBER OF PRODUCERS
DROPPED OFF LESS SHARPLY THAN IN 1931, BUT
BECAUSE MILK DELIVERIES PER PRODUCER,
WHICH IN JUNE PROVED 1.5 PER CENT LIGHTER
THAN A YEAR AGO, WERE ACTUALLY 1.5 PER


CENT HEAVVIER IN JULY.

THE DEFICIT IN EVAPORATED MILK
STOCKS, IN COMPARISON WITH A YEAR AGO, WAS
FURTHER DECREASED FROM A 33.5 PER CENT
SHOR-TAGE ON MAY I, TO 28.4 PER CENT ON
JUNE I, TO 22.5 PER CENT ON JULY I AND,
FINALLY, TO 17.8 PER CENT ON AUGUST ; BUT
THE DEFICIT IN COMPARISON WITH 5-YEAR
AVERAGE STOCKS WAS INCREASED FROM 1.8 PER
CENT ON JULY I TO 6.6-PER-CENT ON AUGUSTI.
DESPITE THE FACT, THEREFORE, THAT STOCKS
WERE INCREASED 6.3 PER CENT DURING JULY
THIS YEAR, IN COMPARISON WITH BUT A
FRACTIONAL INCREASE DURING THE SAME MONTH
LAST YEAR, THE JULY, 1932 MOVEMENT INTO
CONSUMPTION WAS APPRECIABLY HEAVIER THAN
IN 1931. STOCKS IN THE HANDS OF REPRESEN-
TATIVE WHOLESALE GROCERS IN 38 CITIES ON
JUNE 30 WERE 74.9 PER CENT HEAVIER THAN ON
THE SAME'DATE'A YEAR AGO, AND 69.5 PER
CENT HEAVIER THAN ON MARCH 31, 1932. THESE
FIGURES REFLECT, AT LEAST TO SOME DEGREE,
THE FREER BUYING POLICY OF WHOLESALE
GROCERS FOLLOWING THE DRASTIC PRICE RE-
DUCTION OF 40 CENTS PER CASE .ON MAY 14.
CONDENSED MILK MARKETS HAVE CONTIN-
UED STEADY. SWEETENED SKIM HAS WORKED
INTO A BETTER POSITION AT FRACTIONALLY
HIGHER PRICES, BUT DEMAND HAS BEEN JUST
FAIR AS REQUIREMENTS FOR ICE CREAM LAG.
THE DEMAND FOR SWEETENED WHOLE CONDENSED
HAS .CONTINUED QUIET. PRODUCTION DURING
JULY FELL 28.6 PER CENT SHORT OF THAT
DURING THE SAME MONTH IN 1931, IN COMPARI-
SON WITH A DEFICIT PRODUCTION OF 16.5 PER
CENT DURING JUNE UNDER A YEAR AGO. STOCKS
ON AUGUST I WERE STILL 16.2 PER CENT
LIGHTER THAN A YEAR AGO, IN COMPARISON,
HOWEVER, WITH A DEFICIT OF 22.5 PER CENT
ON JULY I UNDER A YEAR AGO.


AUGUST 1932


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