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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/AA00013239/00033
 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: AA00013239:00033

Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET ;E'13 SERVICE
VCNTHLY EVAPGR \TED A'ND CCNDENIE3D [,LK MARKET REPORT
(DSCEJ|PEO 1933
No. 172 _lINTON ._D C. DECEMBER 22, 2933
INFORI/iATION IN THIS AONTH I RE:-ORT IS F' IPR I SHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CO:D-DE::.1ED IilLK, OR SOTH.


PRICES PAID PROD'!GE .R FOR 3.5;o :'IL, F.


0. B. FACTORY FOR DECEMBER 1933*


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
REPORTING ,RaNGE AVERAGE
NEw ENGLAND $ -
MIDDLE ATLANiTIC** I 1.20 1.20
SOUTH ATLANTIC
E. NORTH CENTRAL 20 1.00-1.25 1.09
W. NORTH CENTRAL 3 0.I1-1.02 I 0.96
SOUTH CENTRAL -
NORTH WESTERN 2 0.68-0.92 3.89
SOUTH WESTERN 5 0. I--0.95 0.87
U.S. DECEMBEr. 1733 31 0.. -" I 1.25 1.03
U.S. NOVEMBERF 123*** 130 0 0.C-1.I 1.08
U.S. DECE.MBER I132 __ _8 0.77- 1.17 0.92
**102 ADDITIONAL FACTORIES R I-'3RTED PRICES NOT AVAILACLL AS YET, OR TO DE BASED IN
PART ON THE CURRENT MONTHI4S WHOLESALE EiUTTER OR BUTTER AND CHEESE QUOTATIONS, 17 OF
THESE BEING LOCATED IN N.Y. AND PA. 35 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION RECEIVED FROM REMAINING FIRM'S. AVERAGE PRICES S;HOWN FOR THE UNITED STATES
DO NOT INCLUDE ANY OF THESE FACTORIES. SUBJECT TO REVISION. *** REVISED.

PRICES PAID PRODUCERS 'OR 3.5:j VILK F. 0. B. FACTORY FOR NOVEMBER 1233


THE FOLLOWING REVISED PRICES :'AID F)R NFOVEMER MILK INCLUDE PRICES PUBLISHED
LAST MONTH A'.ND THOSE LATER REPORTED BY OTHER FIRMS.
NUMB-ER OF FACTORIES PriICE PER CWT.
GEOGRAPHIC SECTIONS F-, T PilCE PEI C--T.
r:-PO.,T I NG -;ANGE AVERAGE
NEW ENGLAD S $ -
MIDDLE ATLANTIC 6 1.20-1.31 1.42
SOUTH ATLI.NTIC 2 0. 0.96
E. NORTH CENTRAL 7' 1.05- 1.55 1.13
W. NORTH CENTRAL 7 0.6-1.10 1.01
I-.. .- nr i it r no


OUU T LENT.IRAL
NORTH WESTERN
SOUTH WESTERN
U.S. NOVEMBER o 133
(REVISED)


1 30


U. )U-I. U0
0.'4-1.12
0. 10-1. 13


U. V0
0.96
0.96


0.0-1 .8 I 1.03


NET WIHOLESALE SELLING PRICES IN CARLOTS F.O.B. D ITRIBUTING POINTS- NOVEMBER 1933
(CASE GOODs)
THE WHOLESALE E PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURECtn' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F. 0. B.

BOSTON
NEW YORK CITY
PHI LADELPHI A
Cll CAGO
CLEVELAND
ST. Louis
KANSAS CITY
.l I N'IEA -OL I S-ST. PAUL
ATLANTAn
NLW ORLEANS
DENVER
SEATTLE
S/N FRANC ISCO
LOs ANGELES


EVAPO'r,\ATED Ml LK
(PER CA.;E OF -4 14 oz. CANS)
R- ANIGE L-" AVERAGE
-2.55-;. .70 ---$2.62
2.55-2.70 2.61
2.55-:x. 70 2.60
2.45-2. .0 2.50
2.45-2.60 .51
2.45-2.60 2.52
2.45-2.0O 2.52
2.45-2.60 2.50
2.452..60 2.53
2.45-2.60 2.53
2.45-2.60 2.53
2.502.0-.60 2.55
2.45-2.60 2.55
2.45-2. 0 J_ 2.55


CONDENSED
(PEC: CASE OF 48 -


I-- t -----


RANGE


74.75-4.85
4.75-4.85
4.75-4.85
5.25




3. 7-5.00


f.1I LK
14 oz. CANS)


AVERAGE


$4.82
4.82
4.82
5.25




4.49


AVERAGE WHCLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS


- NOVEM'.'BER 1933


GRAPHIC UNSWEETENED EVAPO-TED SW ETENED CONDENSED SWEETENED CONDENSED
SECTIONS PER CASE OF CPE CASE OF BULK PER CWT.
SE 43 14, oz. cANs) 4 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.61 $4.833 $7.25 $4.75
MIDDLE ATLANTIC 2.58 4.95 7.50 4.26
SOUTH ATLANTIC 2.59 4.30 7.25 4.90
E. N. CLNTRAL 2.52 5. 5 6.84 4.57
W. N. CE'NTiiAL 2.52 7.01 4.74
SOUTH CENTRAL 2.53 5.00 7.25 4.0
NORTHWESTERN 2.58 7.25 4.90
3OUTHWESTERN 2.56 7.38 4.84
U. S. AVERAGE
NOVEMBER 1933 $2.56 $4.95 $7.20 $4.67
U. S. AVERAGE
OCTOBER 1333 $2.57 $4.94 $7. 1.0 $4.59


U. S. AVERAGE
NOVEMBER 1932


1 $2.17


$4.93


$6.84


$4. 15


EVAPORATED :,*I LK


MARKETS UNSETTLED


ALTHOUGH NOT .REFLECTED BY PRICE
CHANGES, EVAPORATED MILK MARKETS ARE
WEAKER STATISTICALLY THAN A MONTH AGO.
PRICES IN NOVEMBER WERE UNCHANGED FROM
THE PREVIOUS MONTH, AND WERE ALMOST
UNIFORMLY IN LINE WITH THOSE LISTED IN
THE EVAPORATED MILK MARKETING AGREEMENT.
THERE ARE CERTAIN CONDITIONS, HOWEVER,
WHICH HAVE MADE CANNED MILK MARKETS
(CONTI UED ON


UNSETTLED. THESE ARE A CONTINUATION OF
RELATIVELY LIBERAL PRODUCTION, UNUSUALLY
HEAVY STOCKS, AND MORE RECENTLY THE SHARP
BREAK IN BUTTER PRICES, WHICH TOOK
VALUES DOWN TO THE LOWEST POINT OF THE
YEARe

NOVI.MBER PRODUCTION OF EVAPORATED
MILK, COMPARED WITH THAT OF LAST YEAR,
NEXT PAGE)


DECEMBER 1933


I I





PAGE 2


STOCKS A D PRODUCTION OF EVAPORATED AND CONDENSED ;ILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
IWN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PRLMIGES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENT; ,ND WHETH R SOLD 0 CONTRACTED FOR AND NOT
DEL IVERED.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK I INDICATED.
EV.\PO, ATE' MI LK CONDENSED MI K CONDENSED MILK
(CASE GOOOS) (CAS:E GOODS) (BULK GOODS)


TOTAL STOCKS ON DEC. 1, 1933
NO. OF FIRMS REPORTING*


COMPARISON FOi. SAME F
DECEMBER I, 1933
NOVEMBER 1, 1933
o CHANGE DURING MON
F I RMS I N COMPARE I SON
DECEMBER I, 1933
DECEMBER 1 1932
CHANGE FROM PREV.
FI RMS IN COMAr I SON'1


IRMS:


TH


YEAR
r


COMPARISON FOR SAME F FIRMS;
NOVEMBER, 1933
OCTOBER, 1933
o CHANGE DU RING .MONTH
FIRMS IN COMPARISON*
NOVEMBER, 1933
NOVEMBER, 1932
CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


225,040,450 LOS.
34


225,040,450 LOS.
234,664,949 LBS.
4.10o
34
223,595,650 LBS.
139,910,031 LBS.
+59.81 o
33



70,524,877 LaS.
107,140,834 LOS.
-34. 18
34
69,493,077 LBS.
83,033,524 LoS.
-21.05%
33


TOTAL STOCKS
10,783,419 LBS.
7


10,783,419 LBS.
13,198,192 LBS.
-I8.30o
7
10,783,419 LOS.
14,373,449 LBS.
-26.511
7

PRODUCT I ON

4,014,277 LBS.
4,03'6,493 LBS.
0.55<

4,014,277 LBS.
4,405,400 LBS.
8.88
6


9,141,848 LOS.
29


9,121,948 LBS.
9,350,121 LOS.
7.3,39
28-
8,321,849 LeS.
7,168,713 LBS.
+16.09%
25



6,015,406 LBS.
9,125,597 LBS.
-34.08"
27
5,221,011 LOS.
5,511,548 LOS.
5.27r
24


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON Nov. I, 1933 234,664,949 LS. 13,198,198 LBS. 10,522,947 LoS.
ESTIMATED PRODUCTION NOv. 1933 73,039,000 LoS. 4,014,000 LBo. 9,752,000 LBS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

NV NT. R OCTOBER
1933 I 532 1933 1932
TOTAL PURCHASES 204,894,548 LBS 207,473,437 LBS 256,131 ,252 LBS 229,219,844 LBS
NUMBER OF PURCHASES 83,431 75,302 87,120 77,411
AVFrAGE DAILY
PURCHASES PER
PRODUCER 31. 0 LBS 91.23 L S 94.84 LBS 95.52 LaS.
PERCENTAGE CHANGES
IN 1933 COMPARED -10.34 0.71
WITH 1932


PE RCENTAGE
PERCENTAGE
THESE FIGURES


CH.\NGE IN NoVEMB:isE, 19337 COMPARED
CHANGE IN NOVEMBER 1932 COMPARED
INCLUDE iI LK PURCHASED PRIMArI LY


AND CONDENSED MILK.


WITH OCTOBER 1933 -
WITH OCTOBER 1932 -
FOR THE MANUFACTURE OF


- 13.75
- 4.49
EVAPORATED


(CONTINUED FIOM FIRST PAGE)


REPRESENTED A SIZABLE PERCENTAGE
REDUCTION, ABOUT 21 PER CENT, AND THE
TOTAL OUTPUT FOR THE MONTH WAS ESTIMATED
TO HAVE DEEN LESS THAN THE NOVEMBER PRO-
DUCTION OF ANY YEAR SINCE 1922, BUT THE
HEAVY INCREASES DURING PRECEDING MONTHS
MADE FOR a SITUATION ON STOCKS WHICH IS
UNSATISFACTORY TO MANUFACTURERS AND
DISTRIDULTORS. TOTAL STOCKS OF EVAPORATED
CASE IN MANUFACTURERSI HANDS ON DECEMBER I
AMOUNTED TO 225 MILLION POUNDS, AN
INCREASE OF CLOSE TO 30 PER CENT OVER
DECEMBER 1, 1932. THESE DECEMBER I
STOCKS WERE ABOUT 190 MILLION HEAVIER
THAN AT THE LOW POINT OF THE YEAR ON MAYI,
PART OF WHICH PILING UP OF SURPLUS
MAY BE ATTRIBUTED TO A FALLING OFF OF
TRADE OUTPUT OR APPARENT CONSUMPTION
WHICH HAS 3EEN GOING ON SINCE AUGUST.
DECREASES IN AUGUST, SEPTEMBER AND
OCTOBER WERE 3Y PER CENT, 26 PER CENT,
AND 38 PER CENT RESPECTIVELY, OR SOME 150
MILLION POUNDS FOR THE THREE MONTHS PERIOD.
THE TENDENCY OF RECENT MONTHS HAS BEEN IN
A DIRECTION WHICH WILL MAKE THE 1933
TRADE OUTPUT MORE NEARLY THAT OF 1932,
INSTEAD OF 25 TO 30 PER CENT HEAVIER,
WHICH WAS THE PICTURE TOWARD THE MIDDLE
OF THE YEAR. NOVEMBER IS THE FIRST
MONTH THIS YEAR DURING WHICH EVAPORATED
MILK PRODUCTION WAS LESS THAN IN 1932,
BUT THERE IS NEVERTHELESS, A CONSIDERABLE
GAIN OVER 1932 FOR THE ELEVEN MONTHS
PERIOD, OF APPROXIMATELY 160 MILLION
POUNDS, OR I I PER CENT.

JUST WHAT THE FINAL EFFECT ON
EVAPORATED MILK MARKETS OF THE RECENT
DROP OF BUTTER PRICES WILL BE IS NOT
KNOWN, BUT THERE IS THE POSSIBILITY THAT
SOME MILK WHICH WAS TEMPORARILY DIVERTED


h t ,/



Z696 tCL80 1921 l
11 111111 III11111 III111111 III


AWAY FROM CONDENSERI ES TO BUTTER 'WHILE
BUTTER WAS AN ATTRACTIVE OUTLET, MAY
NOW GO BACK INTO EVAPORATED MILK.
WHILE BUTTER WAS AROUND 24 CENTS
WHOLESALE AT NEW YORK, THERE WAS AN
ALTERNATIVE OUTLET WHICH DOES NOT EXIST
TODAY, FOR AT THE TIME THE DAIRY
MARKETING CORPORATION WITHDREW FROM THE
MARKET AS A BUYER, BUTTER PRICES SAGGED,
AND NEW YORK WAS DOWN TO 16 CENTS FOR A
BRIEF PERIOD.

THERE IS SCANTY INFORMATION ONLY
R.EGARDI.NG PRICES WHICH CONDENSERIES ARE
PAYING PRODUCERS THIS MONTH. REPORTS
FROM THE FEW PLANTS WHICH ANNOUNCED
PRICES SHOW NO MATERIAL CHANGE FROM
NOVEMBER. HOWEVER, SINCE THE MARKETING
AGREEMENT PROVIDES FOR PRODUCERS PRI CES
DEING CALCULATED IN PART ON THE OASIS
OF BUTTER QUOTATIONS, A LOWERING OF THE
DECEMBER AVERAGE UNDER THAT OF NOVEMBER
WOULD DE EXPECTED. THERE WAS SOME
RETAIL SELLING OF EVAPORATED AT 5 CENTS
PER CAN A MONTH AGO, OUT THIS IS SAID
TO HAVE SEEN DISCONTINUED, AND THAT
THE MINIMUM RETAIL PRICES ARE NOW THREE
CANS FOR 1 CENTS ON BETTER !NOWN
BRANDS, AND THREE FOR 17 CENTS ON
LESS KNOWN BRANDS.

THE MARKET ON CONDENSED CASE
GOODS 1S UNCHANGED AND QUIET.
RELATIVELY LIGHT SUPPLIES ARE AMPLE FOR
TRADE REQUIREMENTS. DECEMBER I STOCKS
OF APPROXIMATELY 9 MILLION POUNDS
WERE IS PER CENT HEAVIER THAN A YEAR
AGO. CONSUMPTION CONTINUES DELOW
LAST YEAR.

UNIV. OF FL L'1.


DECEMBER 1933


U.. DEPPOTORY