<%BANNER%>

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/AA00013239/00020
 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: AA00013239:00020

Full Text
1! 7- ~E


UNITED STATES DEPARTMENT OF AGRICULTURE.
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE U.S. D
MONTHLY. EVAPORATED CON SED MD MTOKET
MONTHLY-EVAPORATED-AND CONDENSED MILK MARKET REPORT ....... ---


(NOVEMNIER 1932)

No. 159 WASHINGTON, .0 C. NOVEMBER 23, 932
INFORMATION IN THIS REPORT REGARDING PRICES, STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.


PRIrFF BAIC SOntmIc'FDB Fcn ~AI ,~ ~nii


B FA0\T(hfl ECD fln\/l~hGED IG'J2


____ Ji .J l l i fI\VI V I\. i\ i / V;- VII L.r r L L I J Iv l\ I I LI, I1L V LIVIU LI\ I I- _
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ $ -
MIDDLE ATLANTIC** 2 1 .00-1.17 1.09
SOUTH ATLANTIC 2 .80-0.87 0.84
E. NORTH CENTRAL 53 .77-0.96 0.87
W. NORTH CENTRAL 6 .74-0.95 0.85
SOUTH CENTRAL 8 .82-0.89 0.85
NORTH WESTERN 4 .77-0.83 0.80
SOUTH WESTERN 7 .65-0.87 0.81
U.S. NOVEMBER 1932 82 .I65-1.17 0.86
U.S. OCTOBER 1932 82 .65-1.12 0.86
U.S. NOVEMBER 1931 78 1.11-1.45 1.23
**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 SHOWN FOR THE UNITED STATES DO
NOT INCLUDE ANY OF THESE FACTORIES.


43 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN
PRICES ACTUALLY PAID FOR OCTOBER AS FOLLOWS:


ADVANCE REPORTED


MIDDLE ATLANTIC 6 $0.98-1.16 $1.05
E. NORTH CENTRAL 23 0.83-1.06 0.98
SOUTH CENTRAL I 0.75 0.75
NORTH WESTERN 6 0.74-0.84 0.78
SOUTH WESTERN 7 0.83-0.96 0.92

NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS OCTOBER 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. 0. B. (PER CASE OF 48 14- OZ. CANS) (PER CASE OF 48 4 O. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.15-2.35 $2.23 $4.75-4.85 $4.82
NEW YORK CITY 2.15-2.60 2.26 4.75-4.85 4.82
PHILADELPHIA 2.15-2,35 2.22 4.75-4.85 4.82
CHICAGO 2.00-2.25 2.13 5.25 5.25
CLEVELAND 2.05-2.30 2.15 4.75 4.75
ST. LOUIS 2.10-2.25 2.16
KANSAS CITY 2.10-2.25 2.17
MINNEAPOLIS-ST.PAUL 2.00-2.25 2.15
ATLANTA 2.20-2.35 ;'.26
NEW ORLEANS 2.20-2.30 2.24 4.65-5.00 4.83
DENVER 2.15-2.35 2.22 -
SEATTLE 1.90-2.35 2.16
SAN FRANCISCO 1.90-2.25 2.07
Los ANGELES 1.92-2.25 2.07 -

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS OCTOBER 1932
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF (PER CASE OF 3JLK PER CWT.)
48 14_ OZ. CANS) 4 CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.20 $4.87 $6.47 $3.88
MIDDLE ATLANTIC 2.21 4.87 7.44 3.0
SOUTH ATLANTIC 2.18 4.83 6.96 4.29
E. N. CENTRAL 2.12 5.25 6'.90 4.03
W. N. CENTRAL 2.12 6.54 4.11
SOUTH 'CENTRAL 2.17 5.00 6.96 4.29
NORTH WESTERN 2.14 6.96 4.60
SOUTH WESTERN 2.12 7.03 4.22
U. S. AVERAGE
OCTOBER 1932 .$2.16 $4.03 $6.91 $4.08
U. S. AVERAGE
SEPTEMBER 1932 $2.16 $4.93 $6.85 $4.23


U. S. AVERAGE
OCTOBER 1931


$2.85


'7.Q89


S $4.47


EVAPORATED MILK MARKETS ABOUT 'STEADY PRODUCTION CONTINUES TO DECLINE
ALTHOUGH SOMEWHAT EASIER IN SOME EVAPORATED MILK PRODUCTION IN
SECTIONS', NOVEMBER EVAPORATED MILK MARKETS NOVEMBER IS SAID TO HAVE CONTINUED TO
HELD GENERALLY UNCHANGED FROM THE PREVIOUS DECLINE, ACCOPFING TO THE MOST RELIABLE
MONTH, ACCORDING TO -THE U.S. BUREAU.OF INFORMATION AVAILABLE AT THIS TIME. IN
AGRICULTURAL ECONOMICS. THE TONE WAS NOVEMBER LAST YEAR, THE REDUCTION FROM
ABOUT STEADY AND, EXCEPT FOR A SLIGHT THE OCTOBER MAKE ArMOUNTED TO 14.2 PER
DECLINE ON LESSER KNOWN BRANDS IN SOME CE. .. L T. IN .930 TO 11.0 PER CENT, IN 1929
QUARTERS, WHOLESALE PRICES REMAINED TO 15.3 PER CENT, AND IN 1928 TO 22.5
GENERALLY UNCHANGED. RETAIL PRICES ALSO. PER CENT. HOWEVER, NOT ONLY HAS NOVEMBER
CONTI NUED UNUSUALLY LOW, WITH TALL CANS PRODUCTION CONTINUED--T.O...DfGCLI.NE, BUT THIS
IN EASTERN MARKETS SELLING BELOW 5 CENTS DECLINE IS ESTIMATED AS GREATER THAN A
PER CAN IN COMPETITION WITH LOW PRICED YEAR AGO WITH THE MAKE ABOUT EQUAL TO OR
FLUID MILK. EVEN AT THESE LOW PRICES, POSSIBLY LIGHTER THAN IN NOVEMI3ER, 1931.
HOWEVER, CONSUMPTION WAS APPARENTLY BELOW THIS HAS OCCURRED DESPITE THE.FACT THAT
A YEAR AGO AND ALSO LIGHTER THAN DURING PRODUCTION AS RECENTLY AS'AUGUST WAS STILL
THE SEVERAL PREVIOUS MONTHS. 38.5 PER CENT HEAVIER THAN DURING THAT
(Co I NTUEID ON- NEX-T- PAG-e)--- ......
!\NOVEMBER 1932?


.,4. I , 7 .


$r-48








STOCKS AND PRODUCTION OF EVAPORATED AND CC'iCF'.BED I-LK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER-THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR 'WN. PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR i.'AREHOUSE CONSIGNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM FIRMS OPERATING
APPROXIMATELY 3b% OF THE. TOTAL FACTORIES IN THE UNITED STATES.


EVAPORATED M'I\K CONDENSED M. LK
(CASE GOODS) CASE GOODS)


TOTAL .STOCKS ON NOV. ',, 19.32
NO. OF FIRMS REPORTING* .'


COMPARISON
NOVEMBER
OCTOBER
7% CHANGE
FIRMS IN
NOVEMBER
NOVEMBER
o CHANGE
FIRMS IN


FOR SAME FIRMS:
I, 1932
1, 1932
DURING MONTH
CO'MPAR'ISON
I, 1932
.1, 193!1
FROM PREV. YEAR
COMPARI SON*


COMPARISON FOR SAME FIRMS:
OCTOBER, 1932
SEPTEMBER, 1932
% CHANGE DURING MONTH
FIRMS IN COMPARISON*
OCTO3ER, 1932
OCTOBER, 1931
o CHANCE FROM PREV. YEAR
FIRMS IN COMPARISON*


146,204,017 LBS.
34


146,204,017 LBS.
176, 197,420 -LBS.
17.03 "
34
145,669,873 LRS.
123,802,470 LBS.'
+ 12.22%
33



101,850,296 LBs.
108,166,522 LBS.
5.84%
34
100,777,744 LoS.
06,040,721 LBS.
+ 4.93
33


TOTAL STOCKS
16,301,653 LBS.
7


16,301,653 LBS.
18,672,049 LBS.
12.70%
7
16,301,653 LPS.
17,264,10 Las.
5.58
S


PRODUCTION


5,742,142 LBS.
4,667,329 LRS.
+ 23.03%
7
5,742,142 LBS.
8,247,380 LBS.
30.386
7


CONDENSED MILK
,BULK GOODS)


8,191,027 LBS.
29'


8,191,027 LBS.
10,339,772 LBS.
20. 79

7,848,667 LBS.
SP24,585 LBS.
20.92^
25



7,531,062 LBS.
7,483,641 LPS.
+ 0.63%
29
7,020,29P LBS.
10,069,789 LBS.
30.28%
25


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON OOT. 1, 1932
ESTIMATED PRODUCTION OCT. 1932


176,197,420 LBS.
104,266,842 LRS.


IS,672,C49 LBS. 10,540,564 LBS.
6,174,528 LBS. 11,807,779 LBS.


* .FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*
--..


TOTAL PURCHASES
NUMBER OF 'PRODUCERS


OCTOBFR


1332


226',349,271
77,'369


AVERAGE DAILY
PURCHASES PER
PRODUCER
PERCENTAGE CHANGE I.N
1932
COMPARED .WITH.
1931
PERCENTAGE CHANGE IN
PERCENTAGE CHANGE IN


LB'S 237,


94.37 LBS


1931


OCTBE -I


164,566 LPS
75,729


101.02 LPS


1932


235,434,201 L
77,807


100.86 L


3.59 .

OCTOBER 1932 :COMPARED WITH SEPTEMBER 1.93
OCTOBER 1931 COMPARED WITH SEPTEMB!ER 193


SEPTEMBER


S P1931
eS ,223,704.,1 16 LBS
75,848


Ris 98.33 LBS


+ 2.57

,2 6.43
I + 2.74


* THESE FlGURES INCLUDE MI.LK PURCHASED PFRI.MARI;LY FOR, THE MANUFACTURE OF EVAPORATED
AND CONDENSE MILK.
(CONTINUED FROM FIRST PAGE)


MONTH A YEAR EARLIER. THE AVERAGE
NOVEMBER PRICE PAID PROD'JCERS THROUGHOUT
THE UNITED D STATES FOR 3.3 PER CEHN MILK,
DELIVERED CONDENISERI ES, WAS S6 CEIITS PER
CWT. CR THE SAME AS DURING OCTOBER, BUT
THE PRICE DIFFERENTIAL, UNDER THE SAME
MONTH A YEAR AGO, WIDEIlED FROM 36 'ENTS
PER CWT. IN; OCTOBER TO 37 CENTS IN
NO MEMBER.

DURINGl OCTOBER, THE MOST RECEIJT.
MONTH FCR WHICH DEFINITE COMPARATIVE
FIGURES ARE AVAILABLE, EVAPORATED MILK
PRODUCTION WAS 4.9 PER CENT HEAVIER THAN
DUR IN THE SAME MONTH IN f93 BUT WAS
5.8 PER CENT LIGHTER THAN DURING THE '
PREVIOUS MONTH. THIS RELATIVELY SHARP
REDUCTION IN OUTPUT FROM SEPTEMBER TO
OCTOBER IS I N CONTRAST TO AN !. I PER
CENT INCREASE IN I 31, AND A 6.6 PER
CENT INCREASE IN 1930. WHILE THE OUTPUT,
IN COMPARISON WITH A YEAR ACC, WAS 32.3
PER CENT HEAVIER IN SEPTEMBER THAN THE
SAME MCNTH IN 1931, PRO.D'JCT.ICN WASBU.T4."
PER CENT HEAVIER IN OTCOBER. THE
RELATIVELY LIGHT PRODUCTION OF EVAPORATED
MILK IN OCTOBER THIS YEAR IN COMPARI-SON
WITH EARLIER MONTHS, REFLECTS A SHARP
DECLINE IN DAILY MILK PURCHASES PER
PRODUCER CY CONDENSERS. THE DAILY AVERAGE
IN SEPTEMBER, WAS 2.6 PER CENT HEAVIER
THAN A YEAR ASO, BUT IN OCTOBER WAS 6.6
PER CENT LIGHTER. THE-L-IHTER PRO-
DOJTION REFLECTED BY THESE FIGURES WAS
DUE PRIMARILY TO LESS FAVORABLE FAIL.
PASTURES IN THE MAJOR EVAPORATED MILK
PRODUCE ING SECTIONS THIS YEAR THAN LAST
YEAR, BUT A LI HTER FEEDIIN OCF ClIl C TRATFS
ANL, MORE JUNFAVORAB!_E CLIMATIC CONDITIONS


9996 P'L80 Z9LI C
1111111 1111 1111111 III 111111 IIIII 1111111111 II1111111111111 11


ALSO PLAYED A PART. A SHARPER DECREASE
I THE LUMRER -0 PROCUERS CELIVERIN3
MILK T' COONDENSERRI E ALSO CONTRIBUTED TO
THE RELATIVELY SHAR:' CEt REA : IN THE.
MAKE. DESPITE THE SHARPLY CURTAILED
PROLU CT ON, HOWEVER. THE MAKE OF EVAPC-
RATED MILK IN OCTOBER WAS STILL C. FER
CEN-T HEAVIER THAN, THE 5-YEAR AVERAGE.

THE GREATER-THAN-NORMAL SEASONAL
DECREASE IN PRODUCTION, IN COMBINATION
WiTH THE RELATIVELY WELL MAINTAINED
CONSUPT ION DEMAlND DOUR I N COTCEER
RESULTED IN RATHER HEAVY REDUCTIONS IN
STOCKS.- SUPPLIES OF EVAPORATED MILK ON
NOVEMBER I, AS A RESULT, WERE BUT 12.2
PER CENT HEAVIER THAN ON THE SAME DATE A
YEAR AGO, AND WERE 24.6 PER CENT LIGHTER
THAN THE 5-YEAR AVERAGE, THIS DESPITE
THE FACT THAT A MONTH EARLIER THE
RESPECTIVE PERCENTAGES WERE 2-.0 AND
11.3. THE REDUCTION IN STOCKS DURING
OCTOBER AMOUNTED TO I 7. PER 'CENT.

CONDENSED MILK MARKETS IN NOVErOBER
CONTINUED ABOUT STEADY WITH TRADING QU'IET.
PRODUCTION, IN OCTOBER, PROVED 30.3 PER
CENT LIGHTER THAN DURING THE SAME MONTH
IN 1.3 1 BUT SHOWED A SLASCNAL INCREASE
OF 0.2 PER CENT FROM THE MAKE OF THE
PREVIOUS MONTH. THE STOCKS SITUATION
REMAINED GENERALLY UNCHANGE FROM THE
PREVIOUS MONTH WiTH NOVEMBER I SUPPLIES
II.1 PE"R ENT LIGHTER THAN ON THE SAML
DATE A YEAR 'AGO, AMO 4"5.0 PER CENT
LIGHTER THAN THE 5-YEAR AVERAGE.
THE REDU-C.TI--ON IN STOCKS DURING OOTODER
AMIr,.NT'ED .TO '. G.6 PER CENT.


SNOVELEBER 1932


I


PAGE 2