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:
AA00013239:00018


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(SEPTEMBER 1932)


IUy. I| (


INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRpDUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 98% OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNI TED STATES. .


2 PRICES PAID PRODUdERS FOR 3.5.4 M IL F.


n"R. FArTORY FOR SEPTEMBER 1932


GEOGRAPHIC SECTIONS NUMBER OF FACTORIES R PRICE PER OW.T
___REPORTING RANGE- AVERAGE
NEW FNGLAND, .-. -
MIDDLE ATLANTIC** 2 .00-1.12 1.06
SOUTH "ATLANTICQ 2 .80-0.87 0.84
E. NORTH CENTRAL 52 .75-1.05 0.87
W. NORTH CENTRAL 6 .74-0.'95 0.81
SOUTH CENTRAL 8 .74-0.87 .0.79
NORTH WESTERN 4 .70-0.83 0.77
SOUTH WESTERN : 7 ,60-0.87 0.78
U.S. SEPTEMBER 1932 8 .60-1 .'12 0.85
:U.S. AUGUST 1932 83 .53-1.07 0.,80
U.S. SEPTEMBER 931 79 .85-.37 I 12
**57 ADDITIONAL FACTORfES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTH S
WHOLESALE BUT-TER QUOTATION-, 19 OF THESE BEING LOCATED IN N.Y. AND PA. 10 FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 33 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.

35 FACTORIESS WH.JICH DID NOT 'ANNOUNCE-'PRI CES I N ADVANCE. REPORTED
PRICES ACTUALLY PAID. FOR AUGUST AS FOLLOWS:
MIDDLE ATLANTIC 2 I ,.07-1.10 $1.09
E. NORTH CENTRAL 23 1.80r-1. 00 0.94
SOUTH CENTRAL I 0*.70 0.70
NORTH WESTERN 3 .73-0.80 0.78
SOUTH WESTERN 6 .79-1.03 0.93
NET WHOLESALE SELLING PRICES IN CARLOTS F. 0. B. DISTRIBUTING POINTS AUGUST 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,


F. 0. B.

BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LouIS
KANSAS CITY
MINNEAPOLIS-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
Los ANGELES


EVAPORATED MILK
(PER CASE OF 48 14"1'OZ. CANS)


RANGE


$2.00-2.30
2.00-2.55
2.00-2.30
1.90-2.15
1.90-2.15
1.90-2.15
1.90-2-.15
1.90-2.15
2.00-2...40
2.00-2,30
2.15-2.30
2.00-2.35
1.95-2.25
. 95-2.P25


. AVERAGE


$2.18
2.21
2.19
2.05
2.11
2.09
2.09
2.09.
2.25
2.23
2.22
2.18
2.11
a 10n


CONDENSED MILK
(PER OASE- OF 48 14 oz. CANS)
RANGE I AVERAGE


$4.75-4.85
4.75-4.85
4.75-4.85
5.25
4.75



4.65-5.00


$4.82
4.82
4.82
5.25
4.75



4.88


AVERAGE WHOLESALE .SELLING PRICES BY GEOGRAPHIC SECTIONS AUGUST 1932
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF (PER CASE OF BULK PER CWT.)
48 141. oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $216 $4.56 $6.47 $4.09
MIDDLE ATLANTIC 2.16 4.56 7.56 3.98
SOUTH ATLANTIC 2.15 4.83 6.96 4.38
E. N. CENTRAL 2.09 5.25 6.55 4.07
W. N. CENTRAL 2.07 6.68 4.14
SOUTH CENTRAL 2.14 5.00 6.96 4.04
NORTH WESTERN 2.13 7.19 4.69
SOUTH WESTERN 2.12 7.13 4.46
U. S. AVERAGE
,AUGUST 1932 $2.12 $4.75 $6.93 $4.19
U. S. AVERAGE
JULY 1932 $2.09 $4.73 $6.74 $4.08
U. S. AVERAGE
AUGUST 1931 $2.75 $5.63 $7.85 $4.48

EVAPORATED MILK MARKETS STEADY TO FIRM DEMAND CONTINUES GOOD
SEPTEMBER EVAPORATED MILK MARKETS AT THIS SEASON OF THE YEAR. DEFINITE
WERE WITHOUT IMPORTANT NEW DEVELOPMENTS, REPORTS ON SEPTEMBER PRODUCTION ARE NOT
ACCORDING TO THE U.S. BUREAU OF AGRICUL- YET AVAILABLE, BUT IT APPEARS THAT SEPTEM-
TURAL ECONOMICS. PRICES WERE GENERALLY BER MAY SHOW A HEAVIER THAN USUAL
UNCHANGED FROM THOSE WHICH PREVAILED IN REDUCTION UNDER AUGUST ON ACCOUNT OF THE
AUGUST, AND TRADE SENTIMENT CONTINUED UNFAVORABLE WEATHER CONDITIONS WHICH PRE-
STEADY TO FIRM. BUYERS WERE INCLINED TO VAILED IN SOME OF THE IMPORTANT PRODUCING
OPERATE SOMEWHAT MORE FREELY IN ANTICI- STATES THIS SUMMER. AS A RESULT OF THE
PATION OF AN ADVANCE IN VALUES, BUT LIGHTER OUTPUT AND THE INCREASED DEMAND,
SELLERS WERE NOT PARTICULARLY ANXIOUS TO CONSUMPTION WAS APPRECIABLY HEAVIER THAN
MOVE THEIR MODERATE STOCKS AND HELD PRODUCTION SO THAT STOCKS WERE FURTHER
CLOSELY TO ASKING PRICES. RETAIL PRICES REDUCED. THE AVERAGE PRICE PAID PRODUCERS
OF EVAPORATED MILK CONTINUE UNUSUALLY LOW THROUGHOUT THE UNITED STATES FOR 3.5 PER
WITH SOME CHAIN STORES IN THE EAST STILL CENT MILK, DELIVERED CONDENSERIES, 1N
SELLING AT OR CLOSE TO 5 CENTS PER CAN. SEPTEMBER WAS 85 CENTS PER CWT. THIS
FIGURE REPRESENTS AN ADVANCE FROM THE
EVAPORATED MILK PRODUCTION AUGUST AVERAGE PRICE .OF 5 CENTS PER CWT.,
CONTINUES TO DECLINE, AS MAY BE EXPECTED BUT A WIDENING IN THE DIFFERENTIAL, .UNDER
(CONTINUED ON NEXT PAGE)
SEPTEMBER 1932. -.


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PAGE 2
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
S TOTAL STOCKS INCLUDE ALL STOCKS HELD BY.MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR O.WN PREMISES, IN STORAGE, OR I'J TRANSIT
(UNSOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER, SOLD OR CO.NTRACT.ED FOR AND NOT
DELIVERED.
PRODUCTION FIGURES FOR THE CURRENT MONTH: INCLUDE REPORTS FROM FIRMS, OPERATING
APPROXIMATELY Jb% OF THE. TOTAL. FATGORI FPS IN TH-F IINITFb SfTA'TEf.


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

TOTAL STOCKS
TOTAL STOCKS ON SEPT. I, 1932 190,689 ,904 LBS. 20,537,330 .LBS. 11,600,731 LBS.
NO. OF FIRMS REPORTING* 32 8 23

COMPARISON FOR SAME FIRMS:
SEPTEMBER 1, 1932 190,689,904 .Ls. 20,537,330 LBS. 11,567,091 LBS.
AUGUST 1, 1932 '225,581,0;15 LBS. 21,446,986 LBS.. 12,517,977 LBS.
SCHANGE DURING MONTH 15.47% 4.25% 7.60%
FIRMS IN COMPARISON 32 8" 22
SEPTEMBER I', 1932 190,689,904 LBS. 20,537',330 LBs. II, 176,996 LBS.
SEPTEMBER 1, 1931 180,156,091 LBS. 22,504,109 LBS. 14,594,468 LBS.
SCHANGE FROM PREV. YEAR + 5.84% 8.74% 23,42%
FIRMS IN COMPARISON* 32 8 21

PRODUCTION
COMPARISON FOR SAME FIRMS: PROD
AUGUST, 1932 128,387,819 LBS. 4,757,737 LBS. 6,480,478 LBS.
JULY, 1932 147,203,949 LBS. 5,236,111 LBS. 7,460,744 LBS.
% CHANGE DURING MONTH 12.79% 9.14% 13.14%
FIRMS IN COMPARISON* 33 7 21
AUGUST, 1932 127,893,923 LBS. 4,757,737 LBS. 6,024,358 LBS.
AUGUST, 1931 92,340,932 LBS. .6,353,525 LaS. 9,305,994 LBS.
% CHANGE FROM PREV. YEAR + 38.50% 25.12% 35.26%
FIRMS IN COMPARISON* 32 7 20
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON AUG. I, 1932 225,896,999 LBS. 21,446,986 LBS. 12,634,002 LBS.
ESTIMATED PRODUCTIONAUG.1932 134,726,991 LBS. 4,936,759 LBS. 16,466,524 LBS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*
AUGUST JULY
I 1932 1931 1932 1931
TOTAL PURCHASES 273,447,299 LBS 264,866,771 LBS 315,962,692 LBS 316,739,820 LBS
NUMBER OF PRODUCERS 79,-352 78,235 79,085 80,433
AVERAGE DAILY
PURCHASES PER
PRODUCER I I1'. 16 LBS 109.21 LBS 128.88 LBS 127.03 LBS
PERCENTAGE CHANGE IN
1932 + 79 1.46
COMPARED WITH + 1.79 + 1.46
193 1


PERCENTAGE CHANGE IN AUGUST I932 COMPARED WITH JULY 1932
PERCENTAGE CHANGE IN AUGUST 1931 COMPARED WITH JULY 1931


- 1.03
- 14.03


* THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIRST PAGE)


THE SAME MONTH A YEAR AGO, FROM 23 CENTS
IN AUGUST TO 27 CENTS IN SEPTEMBER.
EVAPORATED MILK PRODUCTION DURING
AUGUST, THE LATEST MONTH FOR WHICH
DEFINITE COMPARATIVE FIGURES ARE AVAILABLE
WAS 38.5 PER CENT HEAVIER THAN DURING THE
SAME MONTH IN 1931. THE MAKE OF THIS
PRODUCT, IN COMPARISON WITH A YEAR AGO
HAS, THEREFORE, CONTINUED TO GAIN, IN-
CREASING 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 18.3 PER CENT EXCESS PRODUCTION
IN JULY, AND THE 38.5 PER CENT INCREASE IN
AUGUST MENTIONED ABOVE. IT SHOULD DE
NOTED, HOWEVER, THAT THESE COMPARISONS
WITH PRODUCTION IN 1931 GIVE AN EXAGGER-
ATED PICTURE OF THE TRUE PRODUCTION SITU-
ATION AS THE MAKE,' IN THAT YEAR, DROPPED
OFF RATHER SHARPLY AFTER JUNE WAS REACHED
DUE PRINCIPALLY TO THE UNUSUALLY HEAVY
DIVERSIONS OF MILK FROM CONDENSERIES TO
FLUID MILK AND OTHER USES. THE OUTPUT OF
EVAPORATED MILK IN AUGUST OF THIS YEAR,
NEVERTHELESS, WAS ABOUT 11.4 PERCENT
HEAVIER THAN THE 5-YEAR AVERAGE,. AND ALSO
THE HEAVIEST ON RECORD.
THE UNUSUALLY HEAVY PRODUCTION IS
ATTRIBUTABLE TO SEVERAL CAUSES,-THE MOST-
IMPORTANT OF WHICH UNDOUBTEDLY IS THE
FACT THAT THERE IS AN UNUSUALLY GOOD
MARKET DEMAND FOR THE MANUFACTURED ARTICLE.
THIS IS REFLECTED .IN THE FACT THAT. THE
DECREASE IN STOCKS DURING AUGUST THIS YEAR
WAS APPRECIABLY GREATER THAN THE FIVE YEAR-
AVERAGE EVEN THOUGH DECIDEDLY SMALLER THAN
A YEAR AGO. UNDER THE ABOVE MENTIONED
CONDITIONS, MANUFACTURERS WERE MORE
AGGRESSIVE IN THEIR PRODUCTION.POLICV,.
THIS BEING ILLUSTRATED BY THE FACT THAT


SEPTEMBER. 1932


01,16 VPCL O Z9ll C
III111111111 11111 III1 111111 111111111111111 11111 III 11111111111111111


THE NUMBER .F PRODUCERS DELIVERING MILK
TO CONDENSERIES WAS INCREASED SLIGHTLY
FROM JULY TO AUGUST THIS YEAR,.WHILE LAST
YEAR THE NUMBER WAS DECREASED DY OVER TWO
THOUSAND DURING THIS PERIOD. MILK
DELIVERIES,. PER PRODUCER, ALSO. SHOWED A
SMALLER DECLINE THAN A YEAR AGO. IN
COMPARISON WITH THE PREVIOUS MONTH,
AUGUST EVAPORATED MILK PRODUCTION DECLINED
12.8 PER CENT, IN COMPARISON WITH 24.4
PER CENT IN 1931, AND A 5-YEAR AVERAGE OF
ABOUT 22.1 PER CENT.

DESPITE TIE RATHER ACTIVE MOVEMENT
OF EVAPORATED MILK INTO CONSUMPTION, THE
UNUSUALLY HEAVY AUGUST PRODUCTION WAS
REFLECTED I'N RELATIVELY LIGHTER STOCKS
DECREASES THAN IN 1931, DUT THIE STOCKS
REDUCTIONS, IN COMPARISON WITH THE 5-YEAR
AVERAGE, WERE DECIDEDLY HEAVIER DESPITE
THE HEAVIER MAKE. SUPPLIES ON SEPTEMBER I
WERE 5.8 PER CENT HEAVIER THAN, A YEAR AGO,
BUT ABOUT 19.7 PER CENT LIGHTER THAN THE
5-YEAR AVERAGE.

CONDENSED MILK MARKETS.ALSO GAINED
SOME ADDITIONAL STRENGTH, ALTHOUGH CON-
FIDENCE IN THESE QUARTERS IS NOT SO
EVI ENT AS IN. THE EVAPORATED. TRADE. FOR
ONE THING, THE DEMAND OF (CE CREAM MANU-
FACTURERS HAS FALLEN OFF VERY SHARPLY
WITH THE ADVENT OF COOLER WEATHER, WHILE
CONSUMPTION IN OTHER QUARTERS CONTINUES
RATHER MODERATE. WITH PRODUCTION AND
STOCKS STILL LIGHT, HOWEVER,.PRICES WERE
FULLY MAINTAINED AND .THE TONE RULED FULL
STEADY. PRODUCTION DURING AUGUST WAS
STILL 31.2 PER CENT LIGHTER THAN A YEAR
AGO, AND STOCKS ON SEPTEMBER I WERE 14.5
PER CENT LIGHTT R THyIIIfNOP0qL .E DA
IN 1931. ND6CUIEFNT DEPT


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