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:
AA00013239:00021


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Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
1C'THLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(DECEMBER 1932)

No. 160 WASHINGTON, D. C. DECEMBER 23, 932
INFORMATION IN THIS REPORT REGARDING PRICES; STOCKS AND PRODUCTION IS FURNISHED
BY EVAPORATED AND CONDENSED MILK FIRMS OPERATING 998 OF THE TOTAL CASE GOODS FACTOR-
IES IN THE UNITED STATES.
PRICES FAID PRODUCERS FOR 3.5% MILK F. 0. B. FACTORY FOR DECEMBER 1932
NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE

NEW ENGLAND $ $
MIDDLE ATLANTIC** 2 1.00-1.17 1.09
SOUTH ATLANTIC 2 .90-0.95 0.98
E. NORTH CENTRAL 52 .77-1.10 0.93
W. NORTH CENTRAL 7 .83-1.00 0.91
SOUTH CENTRAL 3 .77-0.95 0.88
NORTH WESTERN 4 .85-1.02 0.95
SOUTH WESTERN 7 .87-0.98 0.91
U.S. DECEMBER 1532 82 .77-1. 7 0.92
U.S. NOVEMBER 1932 82 .65-1.17 0.86
U.S. DECEMBER 1931 85 1.05-1.52 1.19
**56 ADDITIONAL FACTORIES REPORTED PRICES TO BE BASED IN PART ON THE CURRENT MONTH'S
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.
34 FACTORIES WHICH DID NOT ANNOUNCE PRICES IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR NOVEMBER AS FOLLOWS:
MIDDLE ATLANTIC -
E. NORTH CENTRAL 24 .85-1.10 0.97
SOUTH CENTRAL I 0.75 0.75
NORTH WESTERN I 0.96 0.96
SOUTH WESTERN 8 1.04-1.07 0.99
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS NOVEMBER 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 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.13-2.35 $2.22 $4.75-4.85 $4.82
NEW YORK CITY I 2.15-2.65 2.26 4.75-4.85 4.82
PHILADELPHIA 2.00-2.35 2.20 4.75-4.85 4.82
CHICAGO 2.00-2.25 2.12 5.25 5.25
CLEVELAND 2.00-2.30 2.13 4.75 4.75
ST. Louis 2.00-2.60 2.18 -
KANSAS CITY 2.00-2.50 2.19-
MINNEAPOLIS-ST.PAULI 2.00-2.25 2.12
ATLANTA 2.00-2.35 2.23
NEW ORLEANS 2.00-2.30 2.22 4.65-5.00 4.83
DENVER 2.00-2.35 2 2.19 -
SEATTLE 1.90-2.35 2.18
SAN FRANCISCO i 1.90-2.25 2.08
Los ANGELES I .2-2.25 2.08 -

AVERAGE WHOLESALE SELLING PRICES BY GE03RAFHIC SECTIONS NOVEMBER 1932
GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED I SWEETENED CONDENSED
SECTIONS (PER CASE OF (PER CASE OF (BULK< PR CWT.)
48 14 oz. CANS) .48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.21 $4.87 $3.35. $3.97
MIDDLE ATLANTIC 2.23 4.97 7.52 3.92
SOUTH ATLANTIC 2.20 4.83 I 6.79 4.38
E. N. CENTRAL 2.12 5.25 6.83 4.07
W. N. CENTRAL 2.13 6.40 4.08
SOUTH CENTRAL 2.19 5.00 i 6.79 4.38
NORTH WESTERN 2. 14 .79 4.65
SOUTH WESTERN 2.17 -i 6.97 4.28
U. S. AVERAGE
NOVEMBER 1932 $2.17 $4.93 $6.84 $4.15
U. S. AVERAGE
OCTOBER 1932 $2.16 $4.93 $6.91 $4.08
U. S. AVERAGE
NOVEMBER 1931 2.85 $5.62 $8.00 $4.53


EVAPORATED PILK MARKETS STEADY TO


FIRM MAKE CONTI UES TO SHRINK


DECEMBER EVAPORATED MILK MARKETS WHILE RETAIL PRICES CONTINUE UN-
RULED STEADY TO FIRM FOLLOWING AN ADVANCE USUALLY LOW, FRACTIONAL ADVANCES WERE *
OF 35 CENTS PER CASE EARLY IN THE MONTH, ALSO REPORTED IN THESE DURING DECEMBER.
ACCORDING TO THE U. S. BUREAU OF IN THE EAST A COMMON RETAIL PRICE IS NOW
AGRICULTURAL ECONOMICS. INASMUCH AS AN THREE TALL CANS FOR 16 CENTS WITH THE
ADVANCE IN WHOLESALE PRICES HAD BEEN PRICE PER INDIVIDUAL CAN RANGING FROM 5
ANTICIPATED FOR SEVERAL MONTHS BUT HAD TO 6 CENTS. THE AVERAGE PRICE PAID
NOT MATERIALIZED, THE HIGHER QUOTATION PRODUCERS IN THE UNITED STATES FOR 3.5
CAME AS A SURPRISE TO MANY IN THE TRADE. PER CENT MILK DELIVERED CONDENSERIES
AS A RESULT, AN UNSETTLED MARKETIREND ALSO ADVANCED FROM 86 CENTS PER CWT. IN
DEVELOPED IMMEDIATELY FOLLOWING THE NOVEMBER TO 92 CENTS IN DECEMBER, AND
ADVANCE. LATER, HOWEVER, THE DECREASING THE PRICE DIFFERENTIAL UNDER THE CORRE-
PRODUCTION, AS WELL AS THE WELL MAINTAINED SPENDING MONTH A YEAR.AGO, WAS DaCREASED
CONSUMPTION DEMAND MADE FOR AN INCREASING- FROM 37 CENTS PER CWT. IN NOVEMBER TO 27
LY STRONGER TONE IN NEARLY ALL MARKETS. CENTS IN DECEMBER. DESPITE THESE MORE
AT THIS WRITING DEALERS VIEW THE EVAPO- FAVORABLE PRICES TO PRODUCERS OF MILK,
RATED MILK MARKET SITUATION RATHER THE MAKE OF EVAPORATED MILK HAS CONTINUED
OPTIMISTICALLY. ... .. .. TO DECLINE AND, AT THIS TIME, IS SAID TO
('CONTINUED ON NEXT PAGE)
DECEIT TR 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 U 93 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 DEC.. I, 1932 139,685, 126 LBS. 14,673,449 LBS. 7,464,278 LBS.
NO.' OF FIRMS REPORTING* 33 8 30

COMPARISON FOR SAME FIRMS:
DECEMBER I, 1932 139,685,126-LBs. 14,673,449.LBS.. 7,464,278 LBS.
OVEMBER I, 1932 145,762,510 LBS. 16,301,653 LBS. 8,277,461 LBS.
b CHANGE DURING MONTH -4.17 9.99% 9.83%
FIRMS IN COMPARISON 333 8 30
DECEMBER I, 1932 139,885,126 LBS. .14,673,449. LBS. 7,123,374 LBS.
DECEMBER I, 1931 139,4-64,976 LBS. 15,130,335 LBS. 8,582,984 LBS.
% CHANGE FROM PREV. YEAR + 0.16% 3.02i '-17.01
FIRMS IN COMPARISON* 33 8 26

PRODUCTION
COMPARISON FOR SAME FIRMS'
NOVEMBER, 1932 97,368,553 LBS. 4,405,400 LBS. 5,815,139 LBS.
OCTOBER, 1932 100,587,351 LBS. 5,742,142 LBS. 7,704,917 LBS.
CHANGE DURING MONYH -13.15% -23.28- -24.53%
FIRMS IN COMPARISON* 33 .7 .30
NOVEMBER, 1932 86,164,805 LBS. 4,405,400 LBS. 5,417,062 LBS.
NOVEMBER, 1931 82,272,144 LBs. 7,256,435 LBS. 7,766,399 LBS.
SCHANGE FROM PREV. YEAR + 4.73Z -39.29$ -30.25%
FIRMS IN COMPARISON* 32 7 26
FINAL REVISIONS FOR LAST MONTH;
TOTAL STOCKS ON Nov. 1, 1932 146,204,017.LBS. 16;301,653 LBS. 8,334,414 LBS.
ESTIMATED PRODUCTION NOV. 1932 90,019,624 LBS. 4,681,348 LBS. 8,459,977 LBS.
*FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PE.R PRODUCER*

NOVEMBER OCTOBER
N1932 1931 1932 1931
TOTAL PURCHASES 208,205,510 LBS 214,322,969 LBS 226,349,271 LBS 237,154,566 LBS
NUMBER OF PRODUCERS 76,044 74,011 77,369 75,729
AVERAGE DAILY
PURCHASES PER
PRODUCER 91.27 LBS 98.53 LBS 94..37 LBS 101.02 LBS
PERCENTAGE CHANGE IN
1932
COMPARED WITH 5.45 6.58
1931


PERCENTAGE CHANGE IN NOVEMBER 1932 COMPARED WITH
PERCENTAGE CHANGE IN NOVEMBER 1931 COMPARED WITH


PRIMARILY FOR


* THESE FIGURES INCLUDE MILK PURCHASED
AND CONDENSED MILK.


OCTOBER 1932 -.2
OCTOBER 1931 4.44
THE MANUFACTURE OF EVAPORATED


(CONTINUED FROM 'FIRST PAGE)


BE BARELY EQUAL TO THAT OF LAST YEAR.
CONDENSERY OPERATORS HAVE NOT BEEN
AGGRESSIVE IN SECURING RAW MATERIAL, AND
THE COLD WEATHER HAS ALSO REDUCED THE
MILK FLOW IN SOME SECTIONS. SOME
DIVERSIONS OF MILK FROM EVAPORATED MILK
AND SOME OTHER DAIRY PRODUCTS TO CHEESE
WERE ALSO NOYED IN WISCONSIN AND' SOME
OTHER MAJOR EVAPORATED MILK PRODUCING
STATES.

EVAPORATED MILK PRODUCTION DURING
NOVEMBER, THE LATEST MONTH FOR WHICH .:
DEFINITE COMPARATIVE FIGURES ARE AVAIL-
ABLE, WAS 4.7 PER CENT HEAVIER THAN
DURING THE SAME MONTH IN 1931:, BUT WAS
13.2 PER CENT LIGHTER THAN DURING THE
PREVIOUS MONTH. THE MAKE IN COMPARISON
WITH THE SAME MONTH A YEAR AGO WAS,
THEREFORE, FURTHER DECREASED FROM 38.5
PER CENT HEAVIER IN AUGUST, TO 32.3 PER
CENT HEAVIER IN SEPTEMBER, TO 4.9 PER
CENT HEAVIER IN OCTOBER AND, FINALLY, TO
BUT 4.7 PER CENT HEAVIER IN NOVEMBER.
THE PROGRESSIVELY LIGHTER PRODUCTION
DURING THE MONTHS MENTIONED ABOVE UNDER
LAST YEAR WAS DUR TO SEVERAL CAUSES, BUT
THE PRINCIPAL REASON WAS THE RATHER
MARKED REDUCTION IN MILK DELIVERIES PER
PRODUCER TO CONDENSERIES. THESE, IN
AUGUST, AVERAGED 1.8 PER CENT HEAVIER
THAN DURING THE SAME MONTH IN 1931, BUT
iN NOVEMBER PROVED 5.5 PER CENT LIGHTER
THAN DURING THE CORRESPONDING MONTH A
YEAR EARLIER. THE LIGHTER MILK FLOW
REFLECTED BY THESE FIGURES WAS DUE
PRIMARILY TO LESS FAVORABLE FALL PASTURES
IN THE MAJOR EVAPORATED MILK PRODUCING


DEC E.,BEI


9986 VCL90 Z9s 1 C
11111111111 11ii Ill 1 i 11111e11 1111111111111111 1 11111 i i I


AREAS, BUT THE LIGHTER FEEDING OF
CONCENTRATES AND :1ORE UNFAVORABLE
CLIMATIC-CONDITIONS ALSO PLAYED A PART.

THE MOVEMENT T OF EVAPORATED MILK
INTO TRADE CHANNELS DURING NOVEMBER WAS
APPARENTLY DECIDEDLY BETTER THAN EARLIER
ANTICIPATED AS STATISTICS SHOW THAT
DESPITE THE 4.7 PER CENT HEAVIER PRO-
DUCTION IN NOVEMBER THIS YEAR OVER LAST
YEAR, THE STOCKS EXCESS OVER THE SAME
DATE A YEAR AGO WAS DECREASED FROM 12.2
PER CENTON NOVEMBER I TO 0.2 PER CENT
ON DECEMBER I. 'THE NOVEMBER REDUCTION
IN STOCKS, HOWEVER, WAS SOMEWHAT LIGHTER
THAN THE 5-YEAR AVERAGE, DECEMBER.I
SUPPLIES BEING BUT 23.1 PER CENT LIGHTER
THAN AVERAGE WHILE ON NOVEMBER I THIS
DEFICIT AMOUNTED TO 24.6 PER CENT.

CONDENSED MILK MARKETS IN DECEMBER
CONTINUED ABOUT STEADY WITH THE GENERAL
SITUATION SHOWING NO NEW DEVELOPMENTS.
THE MOVEMENT INTO CONSUMPTION WAS RATHER
SLOW FOR THIS SEASON OF THE YEAR. PRO-
DUCTION IN NOVEMBER WAS 34.6 PER CENT
LIGHTER THAN DURING THE. SAME MONTH A YEAR
AGO AND; ALSO SHOWED A SEASONAL DECREASE
OF 24 PER CENT FROM THE PREVIOUS MONTH.
THE STOCKS SITUATION REMAINED
GENERALLY UNCHANGED WITH DECEMBER I
SUPPLIES 8.1 PER CENT LIGHTER
THAN ON THE SAME DATE A.YEAR AGO',
AND 42.4 PER CENT LIGHTER THAN
5-YEAR AVERAGE STOCKS.
UNIV. OF FL LIN.
j93U.MENT8 DEPr



R 1932
u. S. DI[PONTlORIR




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