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:
AA00013239:00028


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JULY 193,)
No. 167 W- 'ASH I N:TOiT D. C. JULY 21, 1933
I INFORMATION IN THI R. FC;T ':EGA-iDIIN PRICES, STOCKS AiD PRODUCTION; IS FURNISHED
,BY EVAPORATED AND CONDErlSED MILK FIR; S OP-. t';TI G S9o OF THE TOTAL CASE GOODS FACTOR-
,IES IN THE' UNITED STATES.

PRICES PAID PRODUCERS FOP 3.5/o MILK F. C. B. FACTORY FOR JULY 1933


GEOGRAPHIC SECTIONS
NEW ENGLANb
MIDDLE ATLANTIC**
SOUTH ATLANTIC
E. NORTH CENTRAL
W. NORTH CENTRAL
SOUTH CENTRAL
NORTH 'WESTERN
SOUTH WESTERN
U.S. JULY, 1933
U.S. JUNE, 1933_-


NUMBER OF FACTOR I ES
REPORT ING


RANGE


PRICE .'ER CWT.
1- AVERAGE


R AN-Q-- 4-v AG


I 00-1 ,:.:
I .09-1.15
0. Y-I .20
1.01-1.05
. 92-1.09
. 90-1.05
0.81-1.01


0.o1-1.22
0.80-1.32


1.11
1.12
1.10
1.03
1.01
0.99
0.92


1.07
1.00


U.S. JULY, 193 1___ 83 0.55-1.12 0.77
**64'ADDITICNAL FACTOR S REPORT -:)'RICES TO BE PASED IN PART ON THE CURRENT MONTHS
WHOLESALE BUTTER QUOTATION, 19 OF T:!-S:: BINGG LOCATED IN N.Y. AND PA. II FACTORIES
REPORTED PRICES NOT DETERMINED AS YET AND 33 REPORTED PLANTS CLOSED. NiO ;PR ICE INFOR-
MATION RECEIVED FROM REMAAINING FIRM;. AVERAGE PRICES .HOWN FOR THE UNITED STATES DO
NOT INCLUDE ANY OF THE3E FACTORIES.

44- FACTORIES WHICH DID I, NOT ANNOUNCE FPRI CEG IN ADVANCE REPORTED
PRICES ACTUALLY PAID FOR JUNE AS FOLLOWS:
MIDDLE ATLANTIC $1I.22-I1.25 $1.24
E. NORTH CENTRAL 22 0.95-1.20 1.09
W. NORTH CENTRAL 2 0.S2-1.12 1.02
SOUTH CENT;.AL I 0.5 0.95
NORT;-I WESTERN 3 1.05 1.05
SOUTH WESTERN 8 0.91-1.03 0.96
NET V'HOLESALE SELLING PRICES IN CAPLOTS F.O.D. DISTRIBUTING POINTS JUNE, 1933
(CAs:: G000
THE WHOLESALE P:R I .ES OI VCN PrULOW ARE E'ACED O)N THE- REPORTS MADE 3Y MANUFACTURERS
COVERING A-TUAL L .-SLES F.LIVEr,-;.": A/T MA'.t,.JUFAC IURERGI DI STR IBUT I NG POINTS ON BASIS OF
CASH OR SHORT TIME CR.LDIT.
T AVA:O;'ATED M ILK CONDENSED MILK
F. 0. B. (PR cAS E43 14 oz. CA ;s) (PER CASE OF 48 14 o. CANS)


RANGE


S AF RA. F


RANGE


AVERAGE


BOSTON .. $2.35-2.75 $2.55 $4.75-4.35 $4.82
NEW YORK CITY : 2.35-2.90 2.55 4.75-4.8 5 4.82
PHILA LDELPHIA 2.35-2.75 -.55 4.75-4.85 4.82
CHICAGO 2.35-2.75 2.53 5.25 5.25
CLEV.ELAND 2.35-2.75 2.55 4.75 4.75
ST. Louis .35-2.75 .55
KANSAS CITY '2.35-2.75 2.55
MINNLA'OLIS-ST.PAUL 3.~6-.-.75 2.55 -
ATLANTA .35-2.75 2.55 -
NEW ORLEANS 2.35-2.75 2.57 4.13-5.00 4.53
DENVER I .25-2.70 2.5
SEATTLE 2.35-2.70 .57
SAN FRANCISCO I 2.35-2.70 2.54
Los ANGELES 2__i35-2.70 2.354 _
AVERAGE WHOLE .ALE SELLING PRICES eY GEOGRAPHIC SECTIONS JUNE 1933
GEOGRAPHIC JUNWE- TEND EVAPORATFD S ',."-TENED CON.ENJED SWEETENED CONDENSED
GEGRAPHI PER, CASE OF PR CA, OF BULK PER Ci'T.)
SECT ION 4; 14 oZ. CANo) 4 I- oZ. CAi.) NSKIMMED SKIMMED
NEW ENGLAND $2.52 $4.87 $.25 $4.13
MIDDLE ATLANTIC 2.51 4.87 7.00 4.17
SOUTH ATLANTIC 2.51 4.3 7.00 4.54
E. N. CENTRAL 2.49 5.25 6.50 4.30
W. N. CENTRAL 2.51 6.53 4.22
SOUTH CENTRAL 2.53 5.00 7.00 4.54
NORTH WESTERN 2.51 7.00 4.54
SOUTH WESTERN 2.52 7.25 4.53
U. S. AVERAGE
JUNE 1933 $2.51 $4.3 $6.7 $4.32
U. S. AVERAGE
MAY 1933 $2.47 I2 $4.934 $6.71 $4.23
U'. S. AVERAGE
JUNE f932 $2.30 _I $4; 78 $7. 13 $4.08

E\VAOCRATE:D S:ILK MARKETS i; RM AT SLIGHT ADVANCE_
THE FIRM TONE '1WHI CH HAS FEATURED T'-E JUNE I STOCKS, PUT WFrE 51 PER CENT
EVAPORATED MILK MARKETS THROUGHOUT 133 LEUS THAN STOCKS ON HAND JULY I, 1932.
CONTINUED INTO JULY, ACCORDING TO i E.ORTS TH-ERE IS N.;RMALLY A HEAVY INCREASE IN
RECEIVED BY TH-E U.S. BURE,:AU OF AGRICUL- MA:'JUFACTURERS' STOCKS DURING THE MCNTH
TURAL ECONOMICS, WITH THE SAME GENERAL OF JUNE, AND THE INCREASE: IN ACTUAL
CONDITIONS LENDING SU-PO::T. PRODUCT I ON VOLUME THIS YEAR IS NO'T GREATLY OUT OF
OF THIS CLASS OF GOODS I.; STIL!.. EXCEEDING LINE WITH THE AVERAGE CHANGE. OF GREATER
THAT OF 1932, BUT THE RATE OF INCREASE C l: S IG IFICANCE IS THE FACT TH,,.T THE CARRY-
FAR LISS THAN THE I NCRFrASED f-.ATE: OF OVER N JULY I WAS LESS THAN HALF OF
MOVEMENT INTO DISTRIBUTING CHANNELS AND THAT .jF LAST YEAR AND O-NLY ABOUT 45 PER
CONSUMPTION. THE INEVITABLE RESULT OF CENT OF THE AV::RAGF JULY I CARRYOVER.
THIS IS REFLECTED IN THE RELATI-VELY
LTGHT STOCKS WHICH MANUF/,CTUF'E;:S HAVE HAD IN VIEW OF THE PRESENT STOCKS
ON HAND FOR MANY MO FHS. JULY I STOCKS SITUATION AND THE APPARENTLY SUBSTANTIAL
OF EVAPORATED CASe WERE. MGRE THAN DO'Jl.LE MOVEMENT INTO CONSUMPTION, PRODUCTION
(CONTINUED ON NEXT PAGE)

JULY 19..33


-I





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PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
WN 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 J H OF THE T l-TAL =A--Trrn i r I I- 14 rr- 1 r,.T


,'A"FO:!,',ATEtD MILK CONDENSED MILK C NDCNSED M I K
(C.-,S CODS (CASE GOODS) (BUK GOODS

TOTAL STOCKS
TOTAL STOCKS ON JULY 1, 1933 104,0F,7,'73 LS;. 14,995,522 Los. 12,898,951 LBs.
NO. OF FIRMS REPOTING* 34 7 24

COMPARISON FOR SAME FIRMS:
JULY I, 1933 104,087,783 LBS. 14,995,522 LoS. 12,898,951 LBS.
JUNE I, 1933 48,126,563 LOS. 9,859,649 LBS. 8,454,944 LBS.
o CHANGE DURING MONTH +116.274 +52.09% +52.56
FIRMS IN COMPARISON 34 7 24
JULY I, 1933 104,057,783 LBS. 14,395,522 LOS. 12,732,853 LBS.
JULY I, 1932 212,430,723 LBS. 19,983,111 LBS. 13,713,481 LBS.
/ CHANGE FROM -'REV. YEAR -51.00o -24.98e 7.16%
FIRMS IN COMPARISON* 34 7 21
PRODUCT I ON
COMPARISON FOR SAME FIRMS:
JUNE, 1933 202',325,742 LBS. 5,172,525 LBS. 8,986,165.LBS.
MAY, 1933 1 i'j6-, ,344 L?;. ,5-43,889 LBS. 8,755,5637 LBS.
pHANGE DIJUINC MONTH + I.G69 -20.06- + 2.63
FIRMS IN COMPASISUN* 33 7 24
JUNE, 1933 202,325,"42 LBO. 5,172,525 LBS. 8,231,508 LBS.
JUNE, 1932 17C,200,357 LBE,. 5,091,990 LBS. I I,564,601 LBS.
o CHANGE FROM PREV'. YEAR +15.11 + 1.53% -28.82%
FIRMS IN COMPARISON* 33 7 21
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JUNE I, 1933 -48,126,563 LBS. 9,859,649 LBS. 8,584,670 LBS.
EST IMATED PRODUCTION JUNE, 1933 220,655,128 LBS. 5,172,614 LBS. 14,323,771 LBS.
*FIRMS, NOT FACTO.-l ES. 'SOME FliRMS OPERATE MORE THAN ONE FACTORY.

AY'-iAGE DAILY PURCHASES PER PRODUCER*
JUNE MAY
S;___ 1 932 33 1932
TOTAL PURCHASES 39 ,082,281 L 72, L 371,36,237 LB 369,352,944 LS
NUMBER OF PRODUCERS. 84,291 32,808 82,853 80,834
AVERAGE DAILY
PURCHASES PER
PRODUCER 15513 L:3- 147.79 LBS 144.59 LoS 147.40 Les
PERCENTAGE: CHANGES
IN 1933 COMPARED + 3.56 1.91
WITH 1932


PERCENTAGE CHANCE IN JUNE 1 0J-3 COMPARED W'ITH MlAY 19.33 -
PERCENTAGE CHANGE IN JUNE 1932 COMPARED WITH MAY 1932 -


+ 7. r
+ 1.62


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


WILL HAVE TO SHOW CONSI3DERRA3LY CREATE
GAINS THAN HAVE EE:N REG I tITERED CUI;ING
RECENT MONTHS BEFORE STOCKS WILL DE
PARTICULARLY BURDENCDME. JUNE .'RO-
DUCTION OF EVAPORATED MIILIK WAS 15 PER
CENT HEAVIER THAN THAT OF JUNE 1932, AND
WAS 1.7 PER CENT HEAVIER THAN MAY.
WHILE THE SEASONAL CHANGE FROM MAY TO
JUNE THIS YEAR WAS AN INCREASE, AND
ALTHOUGH THIS DID NUT AMOUNT TO MUCH, IT
IS OF INTEREST TO NOTE THAT IN THE TWO
PREVIOUS YEARS, JUNE PRODUCTION WAS LESS
THAN MAY. THE TOTAL FACTORY OUTPUT OF
EVAPORTED MILK FOR THE SIX MONTHS PERIOD,
JANUARY TO JIUNE INCLUSIVE, WILL BE:
APPROXIMATELY 15 PER CENT GREATER THAN THE
CORRESPONDING PERIOD OF 1932. DURING
THIS SAME PERIOD THE PERCENTAGE INCREASE
IN TRADE OUTPUT OR APPARENT CONSUMPTION
IS DOUBLE THA-T OF THE PRODUCTION INCREASE.

PRICES OF EVAPORATED MILK SHOW A
SLIGHT SWING UPWARD AGAIN THIS MONTH.
THERE IS, IN FACT, A REPORT THAT WHOLE-
SALE SELLING PRICES ARE UP 10 CENTS MORE
PER CASE WITHIN THE PAST FEW DAYS. THE
U.S. AVERAGE OF WHLESALL SELLING" PRICES
IN JUNE WAS $2.51, COMPARED WITH $2.47"'
IN MAY, AND $2.30 IN JUNE, 1932. THE


RECENT ADVANCE IS IN LINE WITH ADVANCES
ON COM ,M1ODITY PRICES GENERALLY, INCLUDING
AIFRY PRODUCTS. WHOLESALE E BUTTER
iRI:CEc 00 F,-4R THIGH M.:NTH HAVE AVERAGED
ABOUT 2, CENTS HIGHER THAN JUNE, AND
FLUID MILK PRICES HAVE ADVANCED IN A
NUMBER OF .VIDELV SCATTERED AREAS. JULY
PRICES TO PRODUCERSS SUoPLYING CONDEN.ER-
IES AVERAGE $1.07 PER CWT., -AN INCREASE
OF 7 CENTS PER CWT. OVER JUNE, AND 30
CENTS ABOVE A YEAR AGO.

CONDENSED MILK MARKETS ARE
PRACTICALLY THE" SAME AS A' MONTH AGO. THE
TONE IS STEADY WITH NO SIGNIFICANT PRICE
CHANGES'. PRODUCTION OF CONDENSED CASE IN
JUNE WAS SLIGHTLY HEAVIER THAN IN JUNE
1932, AN INCREASE OF 1.5 PER CENT, BUT
WAS OVER 20 PER CENT BELOW MAY .PRODUCTION.
TOTAL PRODUCTION FOR THE MONTH' WAS ONLY
A30UT 5 MILLION POUNDS, COMPARED WITH
CLOSE T) 220 MILLION POUNDS OF' EVAPORATED
CASE. CONDENSED CASE STOCKS HELD BY
MANUFACTURERS ON JULY I TOTALED APPROXI-
MATELY '15 MILLION POUNDS, A REDUCTION OF
25 PER CENT RELOW A YEAR AGO. THE 52 PER
CENT INCREASE IN STOCKS DURING JUNE F:E-
PRESENTED ONLY 5 MILLION POUNDS, pMPARED
WITH AN AVERAGE JUNE INCREASE OF D-
MILLION POUNDS*


ON THE JUJNE.IS-SUE OF THI 3; R-EPORT, ANNOUNCEMENT WAS MADE THLT UNDER ,
THE ECONOMY PROGRAM OF THE FEDERAL GOVERNMENT, THIS AND ALL OTHER MARKET
NEWS IEPORTS; WOULD BE DISCONTINUED. THE PROGRAM HAS SINCE SEEN MODIFIED *
SO THAT THIS MONTHLY REPORT WILL DE CONTINUED. *
Illlll-l'/ ,II (L Lif'"......"' ....

JULY 1''33 I


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