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:
AA00013239:00019


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ASHINGTON Dn


OCTOBER 24, 1932


INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 93' OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.


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GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ -
MIDDLE ATLANTIC** 2 1.00-1.12 1.06
SOUTH ATLANTIC 2 .80-0.83 0,82
E. NORTH CENTRAL 52 .77-1.05 0.87
W. NORTH CENTRAL 7 .74-0.95 0.83
SOUTH CENTRAL 8 .79-0.83 0.81
NORTH WESTERN 4 .70-0.82 0.77
SOUTH WESTERN 7 .65-0.87 0.79
U.S. OCTOBER .1932 82 .65-1.12 0.86
U. SEPTEMBEER32 81 .60-1.12 0.85
U.S. OCTOBER 1931 78 .90- I.45 1.22
**56 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTHS
WHOLESALE BUTTER QUOTATION, 19 OF THESE BEING LOCATED IN N.Y. AND PA. II FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 33 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION RECEIVED FROM REMAINING FIRMS. AVERAGE PRICES SI NOT INCLUDE ANY OF THESE FACTORIES.

43 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR SEPTEMBER AS FOLLOWS:
MIDDLE ATLANTIC 6 $ 97-1.14 $1 03
E. NORTH CENTRAL 23 .80-1.06 .97
SOUTH CENTRAL 1 0.75 .75
NORTH WESTERN 6 .70-0.80 .75
SOUTH WESTERN 7 .81-0.93 .89

NET WHOLESALE SELLING PRICES IN CARLOTS- F.0. B. DISTRIBUTING POINTS SEPTEMBER 19I2
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON OASIS OF
CASH OR SHORT TIME CREDIT.
1


F. 0. B.


(PER


CAS


_ RANGE


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


$2.10-2.35
2.15-2.60
2.10-2.35
2.00-2.20
2.00-2.25
2.10-2.20
S2.10-2.20
2.00-2.20
2.20-2.35
2 15-2.30
2.15-2.35
1.90-2.35
1.90-2.25
I. 95-2.2 p


EVAPORATED MILK
E OF 48 14- oz. CANS)


AVERAGE


(PER CAS


RANGE


CONDENSED MILK
E OF 48 14 OZ. CANS)


-4 4 -


$2.25
2.27
2.22
2. 11
2.14
2,14
2 15
2.14
2.25
2.24
2.22
2.16
2.10
2 In


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


4.65-5.00


AVERAGE
4.82
4.82
4.82
5.25
4.75


4.83


AVERAGE WHOLESALE E SELLING PRICES BY GEOGRAPHIC SECTIONS SEPTEMBER 1932
UNSWEETENED EVAPORATEPORATECI SE CONDEFED SWEETENED CONDENSED
GEOGRAPHIC (PER CASE OF (PER CASE OF (BULK PER CWT.
SECTIONS 48 14i OZ. CANS) 48 z4 z. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.19 $4.87 $6.41 $4.12
MIDDLE ATLANTIC 2.19 4.87 7.23 3.96
SOUTH ATLANTIC 2.19 4.83 6.88 4.46
E. N. CENTRAL 2.12 5.25 6.83 4.07
W. N. CENTRAL 2.12 G.57 4.25
SOUTH CENTRAL 2.20 5.00 6.88 4.46
NORTH WESTERN 2.14 6.88 4.78
SOUTH WESTERN 2.15 -_ 7.03 4.35
U. S. AVERAGE
SEPTEMBER 1932 $2.16 $4.93 $6.85 $4.23
U. S. AVERAGE
AUGUST 1932 $2.12 $4.75 $6,93 $4.19
U. S. AVERAGE
SEPTEMBER 1931 $2.79 $5.5i___ $7.85 $4.52

EVAPORATED MILK MARKET STEADY TO FIRM DEMAND JUST.FAIR


OCTOBER EVAPORATED MILK MARKETS
REVEALED NO GENERAL CHANGE.IN EITHER
SENTIMENT OR PRICES FROM THE SITUATION
WHICH PREVAILED IN SEPTEMBER, ACCORDING
TO THE U.S. BUREAU OF AGRICULTURAL
ECONOMICS. THE MOVEMENT INTO CONSUMPTION
WAS FAIRLY WELL MAINTAINED, DESPITE THE
FACT THAT BUYERS WERE NOT ANTICIPATING
FUTURE NEEDS AND THAT SOME, IN FACT, MADE
USE OF EARLIER ACCUMULATED SUPPLIES.
STOCKS, HOWEVER, WERE REPORTED AS
ACCUMULATING.. RETAIL PRICES CONTINUED
UNUSUALLY LOW WITH SOME OF THE CHAIN
STORES IN THE EAST AND MIDDLE WEST STILL
SELLING TALL CANS FOR AS:LOW AS FIVE
CENTS EACH AND IN A FEW INSTANCES, FOUR
CANS FOR 17 CENTS.


EVAPORATED MILK PRODUCTION IN
OCTOBE-: IS SAID TO HAVE CONTINUED TO
DECLINE, ACCORDING TO THE MOST RELIABLE
INFORMATION AVAILABLE AT THIS TIME. THIS
DECLINE, IF LATER SUBSTANTIATED BY ACTUAL
FIGURES, COMPARES WITH AN INCREASE OF
18.1 PER CENT IN OCTOBER LAST YEAR OVER
SEPTEMBER, AND AN INCREASE OF 6.6 PER
CENT IN OCTOBER OVER SEPTEMBER, IN 1930.
DESPITE THIS FURTHER SEASONAL DECLINE IN
PRODUCTION HOWEVER, THE MAKE IS STILL
ESTIMATED AS HEAVIER THAN A YEAR AGO, THE
USUAL QUANTITY OF MILK DELIVERED TO
CONDENSERIES BEING AUGMENTED, IN SOME
SECTIONS,, BY THE DIVERSION OF SURPLUS
QUANTITIFS-'OF FLUID MILK. THE AVERAGE
PiICE PAID PRODUCERS THROUGHOUT THE


(CONTINUED ON NEXT PAGE)
OCTOBER 1 32


NO. b15


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UNITED STATES DEPARTMENT OF AGRICULTURE ." .
BUREAU OF AGRICULTURAL EG N'OM ICS
MARKET NEWS SERVICE U.S. DEPOITOMY

MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(OCTOBER 1932)







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 OV'M. PREMISL:S, IN STORAGE, OR IN TRANSIT
(UNSOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLIE REPORTS FROM FIRMS OPERATING
APPROXIMATELY UT OF THE TOTAL FACTORIES IN THE UNITFP STATES.


EVAPORATED MILK
(.CASE GOODS!


CONDENSED MILK
(CASE GOODS')


CONDENSED MI LK
(BULK GOODS)


TOTAL STOCKS ON OCT. I, 1932
NO. OF FIRMS REPORTING*

COMPARISON FOR SAME FIRMS:
OCTOBER I, 1932
SEPTEMBER I, 1932
o CHANGE DURING MONTH
FIRMS IN COMPARISON
OCTOBER I, 1932
OCTOBER 1, 1931
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


176,197,420 LBS.
34


176,184,667 LBS.
190,911,572 LBS.
7.71%
33
175,784,311 LBS.
135,617,561 LBS.
+ 29.62 Q
32


TOTAL STOCKS
18,072,049 LBS.
8


18,672,049 LBS.
20,537,330 LBS.
9.08o
8
18,672,049 LBS.
20,349, 102 LoS.
8.25
8


10,539,764 LBS.
30


10,519,204 LBS.
12,274,308 LBS.
14.30%
28
9,967,523 LBS.
10,842,196. LOS.
8.67%
25


PRODUCTION
COMPARISON FOR SAME FIRMS: RUCT
SEPTEMBER, 1932 107,302,674 LBS. 4,G67,329 Lss. 7,641,347 LBs.
AUGUST, 1932 128,387,819 LBS. 4,757,737 LBS. 7,120,297 LSS.
SCHANGE DURING MONTH 16.42% -' 1.90% + 7.32%
FIRMS IN COMPARISON* 33 7 27
SEPTEMBER, 1932 107,441,693 LBS. 4,667,329 LBS. 7,113,058 LBS.
SEPTEMBER, 1931 81,C15,989 LBS. 7,281,063 LBS. 8,070,905 LSS.
% CHANGE FROM PREV. YEAR + 32.29% 35.90% 11.84%
FIRMS IN COMPARISON* 34 7 24
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON SEPT.1,1932 190,911,572 Lss. 20,137,330 LBS. 12,307,948 LBS.
ESTIMATED PRODUCTION SEPT.1932 113,197,226 LBS. 4,721,340 LB. 12,232,625 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

SEPTEMBER AUGUST
1_932 1931 1932 1931
TOTAL PURCHASES 235,434,201 LBs 223,704,116 LBS 273,447,299 LBS 264,866,771 LBS
NUMBER OF PRODUCERS 77,807 75,848 79,352 78,235
AVERAGE DAILY
PURCHASES PER
PRODUCER I 100.86 LBS 98.33 LOsl 111.16 LBS 1 i09.21 LS
PERCENTAGE CHANGE IN 6
1932
COMPARED WITH + 2.57 + 1.79
1931
PERCENTAGE CHANGE IN SEPTEMBER 1932 COMPARED WITH AUGUST 1932 .27
PERCENTAGE CHANGE IN SEPTEMBER 1931 COMPARED WITH AUGUST 1931 9.96
*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.

(CONTINUED FROM FIRST PAGE)


UNITED STATES FOR 3.5 PER CENT MILK,
DELIVERED CONDENSERIES, DURING OCTOBER
WAS 86 CENTS PER CWT. THIS FIGURE REPRE-
SENTS AN ADVANCE OF ONLY I CENT PER CWT.
OVER THE SEPTEMBER PRICE, BUT INDICATES A
FURTHER WIDENING IN THE PRICE DIFFERENTIAL,
IN COMPARISON WITH A YEAR AGO, FROM 23
CENTS IN AUGUST, TO .27 CENTS IN SEPTEMBER
AND FINALLY, TO 36 CENTS PER CWT. IN
OCTOBER.
EVAPORATED MI-LK PRODUCTION DURING
SEPTEMBER, THE LATEST'MONTH FOR.WHICH.
DEFINITE COMPARATIVE FIGURES ARE AVAIL-
ABLE, WAS 32.3 PER CENT HEAVIER'THAN DUR-
ING THE SAME MONTH INm 1931. THE RELATIVE
OUTPUT OF THIS PRODUCTp IN "COMPARISON
WITH A YEAR AGO WAS THEREFORE DECREASED,
INASMUCH AS THE AUGUST MAKE PROVED 38.5
PER CENT HEAVIER THIS YEAR THAN LAST YEAR.
A TABULATION OF MILK DELIVERIES TO CON-
DEN :I ES DURING SEPTEMBER SHOWS THAT
AV':,- DAILY PURCHASES PER PRODUCER WERE
INOC -AGSED IN COMPARISON WITH A YEAR AGO,
BEli.: 2.6 PER CENT HEAVIER IN SEPTEMBER,
WHILE THEY WERE BUT 1.8 PER CENT HEAVIER
IN AUGUST. THE FACT THAT THE NUMBER OF
PRODUCERS DELIVERING MILK TO" CONDENSERIES
WAS DECREASED BY 3.0 PER CENT FROM AUGUST
TO SEPTEMBER IN 1931, AND THE DECREASE
THIS YEAR AMOUNTED TO ONLY 2.0 PER CENT,
APPEARS TO INDICATE THAT A LARGER PER-
CENTAGE OF THE MILK DELIVERED TO CONDEN-
SERIES IN SEPTEMBER THIS YEAR WAS CON-
VERTED INTO CONDENSED MILK THAN WAS THE
CASE LAST YEAR. THIS CONCLUSION IS SUB-
STANTIATED BY THE ACTUAL RECORD OF CON-
DENSED MILK PRODUCTION. EVAPORATED MILK
PRODUCTION IN SEPTEMBER WAS THE HEAVIEST
ON RECORD, FOR THE MONTH, SINCE 1.97,


EXCEEDING THE 5-YEAR AVERAGE BY AEOUT
II .6 i. CENT, BUT SHOWING A DECLINE FROM
THE MAKE OF THE PREVIOUS MONTH-OF 16.4
PER CENT A'SEASONAL REDUCTION OF ADOUT
AVERAGE. MAGNI TUDE.

S OCKS OF EVAPORATED MILK WERE
REDUCED .7 PER CENT DURING SEPTEMBER,
BUT DURING THE SAME MONTH IN 1931 THIS
REDUCTION AMOUNTED TO 25.0 PER CENT, SO
THAT OCTOBER I" STOCKS WERE 29.6 PER CENT
HEAVIER THAN ON THE SAME DATE A YEAR AGO.
ON SEPTEMBER I THIS SURPLUS AMOUNTED TO
ONLY 5.8 PER CENT. IT SHOULD BE NOTED,
HOWEVER, THAT THE RELATIVELY LIGHTER
DECREASE, THIS YEAR COMPARED WITH LAST
YEAR, WAS DUE NOT SO MUCH TO A LIGHTER
MOVEMENT INTO CONSUMPTION AS TO THE
DECIDEDLY HEAVIER PRODUCTION. WHILE THE
SEPTEMDMER DECREASE IN SUPPLIES OF EVAPO-
RATED MILK WAS ALSO APPRECIABLY LIGHTER
THAN THE 5-YEAR AVERAGE, OCTOBER I STOCKS
WERE STILL 11.3 PER CENT LIGHTER THAN
AVERAGE.
CONDENSED MILK MARKETS RULED ABOUT
STEADY. THE DEMAND FROM THE BAKERY TRADE
WAS FAIRLY GOOD, AND SOME SLIGHT INCREASE
IN THE VOLUME USED BY CANDY MANUFACTURERS
WAS ALSO NOTED. SUPPLIES, HOWEVER, WERE
FULLY AMPLE FOR ALL NEEDS. CONDENSED
MILK PRODUCTION IN SEPTEMBER WAS 23.3
PER CENT LIGHTER THAN A YEAR AGO, BUT
3.6 PER CENT HEAVIER THAN DURING AuLUST.
STOCKS, ON OCTOBER I, WERE 11.0 PER
CENT LIGHTER THAN ON THE SAME DATE
A YEAR AGO, AND 40.6 PER CENT
LIGHTER THAN THE 5-YEAR
AVERAGE.


OCTOBER 1932


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