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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/AA00013239/00035
 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: AA00013239:00035

Full Text
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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(FEBRUARY 1934)


WASHINGTON. D. C.


FEBRUARY 21, 1934


INFORMATION IN THIS MONTH'S REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDENSED MILK, OR BOTH.


PRICES PAID PRODUCERS FOR 3.5% MILK B


FACTORY FOR FEBRUARY 34*


GE C S S NUMBER OF FACTORIES PPRICE PER CWT.
GEOGRAPHIC SECTIONS
REPORTING RANGE AVERAGE
NEW ENGLAND -$- $-
MIDDLE ATLANTIC** I 1.09 1.09
SOUTH ATLANTIC -
E. NORTH CENTRAL 6 1,00-1.05 1.01
W. NORTH CENTRAL -
SOUTH CENTRAL
NORTH WESTERN 2 0.75-1.11 0.93
SOUTH WESTERN 5 .0.66-0.85 0.73
U.S. FEBRUARY 1934 14 0.66-1.11 0.88
U.S. JANUARY 1934*** 131 0.68-1.72 0.97
U.S. FEBRUARY 1933 81 0.70-1.17 0.84
**119 ADDITIONAL FACTORIES REPORTED PRICES NOT AVAILABLE AS YET, CR TO BE BASED IN
PART ON THE CURRENT MONTH'S WHOLESALE BUTTER 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 FIRMS. AVERAGE PRICES SHOWN FOR THE UNITED STATES
DO NOT INCLUDE ANY OF THESE FACTORIES. SUBJECT TO REVISION. ** REVISED.
PRICES PAID PRODUCERS FOR 3.5. MILK F. 0. B. FACTORY FOR JANUARY 1934


THE FOLLOWING
LAST MONTH, AND THOSE

GEOGRAPHIC SECTIONS


REVISED PRICES PAID FOR
LATER REPORTED BY OTHER


NUMBER OF FACTORIES
REPORTING


JANUARY MILK INCLUDE PRICES PUBLISHED
F I RMS.


PRICE PER CWT.
RANGE AVERAGE


NEW ENGLAND $ -$
MIDDLE ATLANTIC 6 I.08-1.72 1.30
SOUTH ATLANTIC 2 0.83-1.09 0.99
E. NORTH CENTRAL 79 0.34-1.25 1.01
W. NORTH CENTRAL 8 0.36-1.00 0.91
SOUTH CENTR..L 9 0.83-0.88 0.87
NORTH WESTERN 10 0.70-0.94 0.82
SOUTH WESTERN 17 0.68-0.90 0.79


U.S. JANUARY 134
(REVISE) __


131


0.68-1.72


0.97


NET WHOLESALE SELLING PRICES IN CARLOTS F;0.B. DISTRIBUTING POINTS- JANUARY 1934
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERSt DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F. 0. B.

BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS
KANSAS CITY
MINNEAPOLIS-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
LOS ANGELES


EVAPORATED M LK
(PER CA;E OF 48 143 OZ. CANS)
__ RANGE AVERAGE
$2.55-2.70 $2. 60
2.55-2.70 2.60
2.55-2.70 2.60
2.45-2.60 2.48
2.45-2.60 2.50
2.45-2.60 2.50
2.45-2.60 2.50
2.45-2.60 2.49
2.45-2.60 2.50
2.45-2.60 2.52
2.45-2.60 2.51
2.50-2.65 2.54
2.45-2. 0 2.54
2.45-2.60 2.53


CONDENSED
(PER CASE OF 48 -
RANGE


$4.75-4.85
4.75-4.85
4.75-4.85
5.25




4.17-5.00


MILK
14 oz. CANS)


AVERAGE
$4.82
4.82
4.82
5.25




4.59


AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JANUARY 1934


GEOGRAPHIC UNSWEETENED E
SECTIONS (-PER CASI
______ 48 14,: oz
NEW ENGLAND" $2 6-
MIDDLE ATLANTIC 2.57
SOUTH ATLANTIC 2.58
E. N. CENTRAL 2.51
W. N. CENTRAL 2.53
SOUTH CENTRAL 2.54
NORTH WESTERN 2.57
SOUTH WESTERN 2.57
U. S. AVERAGE
JANUARY 1934 $2.56
U. S. AVERAGE
DECEMBER 1934 $2.55
U. S. AVERAGE
JANUARY 1933 $2.44


EVAPORATED
E OF
SCANS)


SWEETENED CONDENSED
(PER CASE OF
48 14 oz. CANS)
$4.87
4.95
4.90
5.25

5.00


$4.95


$4.95

-- $4.93_


SWEETENED CONDENSED
(ULK PER CWT.
UNSKIMMED SKIMMED


.I ------- -


$6.70
7.11
6.70
6.15
6.51
6.70
6.70
6.96


$6.64


t 4 .- 1 5 -


$7.04

$6.66


$4,4:1
4.33
4.65
4.22
4.56
4.65
4.65
4.63


$4.45


$4.61

$4.08


INCREASED TRADE OUTPUT OF EVAPORATED MILK IN JANUARY

REPORTS COVERING EVAPORATED MILK ON TFHE WV'OLE j,;E OBSFIVING THE AGREEMENT
MARKETS INDICATE THAT THE STEADY TO FIRM PRICES, WITH THE RESULT THAT AVERAGE SELL-
TONE OF A MONTH AGO STILL PREVAILS. ING PRICES ARE UNCHANGED FROM THOSE OF
THERE ARE OCCASIONAL UNVERIFIED REPORTS THE PAST SEVERAL MONTHS. TRADING HAS NOT
OF SALES ;,T PRICES LOWER THAN THOSE SET BEEN PARTICULARLY ACTIVE, AND ALTHOUGH
UP IN THE EVAPORATED MILK MARKETING SOME OPERATORS REFER TO CURRENT BUYING AS
AGREEMENT, BUT SUCH OF THIS AS MAY HAVE MORE OR LESS SPOTTED, TRADE OUTPUT IS
OCCURRED HAS NOT BEEN OF ANY GREAT SAID TO BE FAIR.
INFLUENCE ON THE GENERAL MARKET. TRADERS
(CONTINUED ON NEXT PAGE)
FEBRUARY 1934


NO. 114


c-


-I-


-------


T








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.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.


EVAPORATED MILK
(CAfr GOnnnnf


CONDENSED MILK
(tcA GOOnSnc)


CONDENSED MILK
(RIILK nOODS)


TOTAL STOCKS ON FEB. I, 1934
No. OF FIRMS REPORTING*


COMPARISON
FEBRUARY
JANUARY
o CHANGE
FIRMS IN
FEBRUARY
FEBRUARY
% CHANGE
FIRMS IN


FOR SAME FIRMS:
I, 1934
I, 1934
DURING MONTH
COMPARISON
1, 1934
I, 1933
FROM PREV. YEAR
COMPARISON*


COMPARISON FOR SAME FIRMS:
JANUARY, 1934
DECEMBER, 1933
0 CHANGE DURING MONTH
FIRMS IN COMPARISON*
JANUARY, 1934
JANUARY, 1933
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*

FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JAN. 1, 1934


167,073,822 LBS.
35


167,073,822 LBS...
210,406,804 LBS.
-20.596
35
167,073,822 LBS.
107,150,543 LBS.
+55.92%
35



94,284,808 LBS.
82,317,846 LBS.
+14.541
34
94,284,808 LBS.
111,714,060 LBS.
-15. 60,0
34


210,406,304 LBS.


TOTAL STOCKS
6,394,103 LBS.
7


6,394,103 LBs.
9,136,525 LBS.
-30,02e
7
6,394,103 LBS.
9,524,110 LBS.
-32.86/
7

PRODUCTION

4,859,340 LBS.
4,445,700 LBS.
+ 9.30D^,
6
4,859,340 LBS.
5,008,591 LBs.
2.98r
6


9,136,525 LBS.


7,427,189 LBS.
29


7,427,189 LBS.
9,539,725 LBS.
-22.144
29
6,509,224 LBS.
6,181,633 LBS.
+ 5.30%
23



7,605,177 LBS.
7,817,781 LBS.
2.72"
29
5,831,399 LBS.
5,725,817 LBS.
+ 1.84%o
23


9,664,088 LBS.


ESTIMATED TOTAL PRODUCTION
JANUARv, 1934 99,073,000 LBS. 4,862,000 LBS. 10,974,000 LBS.
*FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.


AVERAGE DAILY PUr.CHASES PER PRODUCER*


TOTAL PURCHASES
NUMBER OF PURCHASES
AVERAGE DAILY
PURCHASES PER
PRODUCER


258,9


1934


I 1333


JANUARY


16,966 LBS 246,579,718 LBS
80,008 73,934


104.39 LBSI 107.58 LBS


236,9:
i


DECEMBER
1933 I 1932


33,413 LeS 224,345,391
32,771 74,741


92.36 LBS 96.83


PERCENTAGE CHANGES
COMPAED' WITH': 2.97 4.62
PREVI OSS YEARS
PERCENTAGE CHANGE IN JANUARY 1934 COMPARED WITH DECEMBER 1933 + 13.03
PERCENTAGE .CHANGE IN JANUARY 1933 COMPARED WITH DECEMBER 1932 + 11.10
*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIRST. PAGE)


MANUFACTURERS' STOCKS OF EVAPO-
RATED CASE, AS REPORTED TO THE BUREAU OF
AGRICULTURAL ECONOMICS, SHOW A GOOD
SIZED DECREASE DURING JANUARY, TOTAL
STOCKS ON FEBRUARY I BEING 167 000,000
POUNDS, COMPARED WITH 210,400,000 POUNDS
ON JANUARY I. THIS IS A REDUCTION OF
OVER 43,000,000 POUNDS DUiING THE MONTH.
THE DECEMBER REDUCTION WAS ONLY 15,00,000
POUNDS. COMPARED WITH LAST YEAR
FEBRUARY I STOCKS WERE ONLY 60,000,000
POUNDS HEAVIER WHILE ON JANUARY I,
STOCKS WEiE 106,000,000 POUNDS IN EXCESS
OF A YEAR EARLIER. INFORMATION REGARD-
ING TOTAL TRADE OUTPUT FOR JANUARY IS
NOT YET AVAILABLE, BECAUSE EXPORT AND
IMPORT DATA FOR TH,-T MONTH HAVE NOT BEEN
RELEASED, BUT THE JANUARY FIGURES WILL
PROBABLY SHOW A MOVEMENT INTO TRADE
CHANNELS OF AROUND 140 MILLION POUNDS.
IN 1933, THE JANUARY TRADE OUTPUT OF
EVAPORATED CASE WAS APPROXIMATELY 107
MILLION POUNDS. SUCH AN INCREASE WILL
CHANGE THE PICTURE CONSIDERABLY FROM
THAT OF PRECEDING MONTHS, FOR SINCE LAST
JULY TRADE OUTPUT HAS BEEN RUNNING LESS
EACH MONTH THAN DURING CORRESPONDING
MONTHS OF THE PREVIOUS YEAR, SO MUCH SO
IN FACT, THAT FOR THE FULL CALENDAR YEAR,
1933 TRADE OUTPUT FELL SLIGHTLY BELOW
THAT OF 1932, REGA'OLESS OF ALMOST A 28
PER CENT INCREASE DURING THE FIRST SIX
MONTHS. THE QUARTERLY REPORT OF WHOLE-
SALE GROCERS STOCKS IN 38 SELECTED
CITIES, AS OF DECEMBER 31, 1933,
INDICATES THAT THESE STOCKS WERE ABOUT
20 PEi CENT LESS THAN AT THE CLOSE OF



FEBRUA
0l, 096 ll0 Z S9ZIC ----
I I ~ lllllllllllllllllllillll ll, lrlmH


1932, AND ALMOST 60 PER CENT LESS THAN
AT THE CLOSE OF THE PREVIOUS QUARTER ON
SEPTEMBER 30, 1933.

PRODUCTION OF EVAPORATED CASE IN
JANUARY OF APPROXIMATELY 99 MILLION
POUNDS WAS 15.6 PER CENT BELOW JANUARY
1933, AND THIS DROD IN FACTORY OUTPUT
CAUSED RESERVE STOCKS TO 3E DRAWN UPON
HEAVILY, AS JUST POINTED OUT. THE
JANUARY DROP IN PRODUCTION WAS IN LINE
WITH CHANGES IN THE SAME DIRECTION FOR
OTHER DAIRY PRODUCTS. OFFICIAL ESTIMATES
FOR JANUARY HAVE NOT YET BEEN MADE, BUT
CURRENT WEEKLY TRADE REPORTS HAVE
INDICATED THAT THERE WAS A RATHER HEAVY
DECREASE IN BUTTER PRODUCTION.DURING
JANUARY. REPORTS COVERING SEVERAL
FLUID MILK AREAS SHOW REDUCTIONS IN
AVERAGE DAILY DELIVERIES PER PRODUCER
IN JANUARY, AND WAREHOUSE RECEIPTS OF
CHEESE IN WISCONSIN POINT TO A
CONTINUED FALLING OFF IN CHEESE
PRODUCT I-ON.

PRODUCTION OF CONDENSED CASE
IN JANUARY WAS APPROXIMATELY 3 PER CENT
BELOW JANUARY 1933. TOTAL JANUARY
PRODUCTION WAS APPROXIMATELY 4,800,000
POUNDS. MANUFACTURERS STOCKS ON
FEBRUARY I TOTALED 3,394,000 POUNDS,
A REDUCTION OF 32.0 PER CENT BELOW
LAST YEAR. THE JANUARY REDUCTION
WAS 2,700,000 POUNDS.

UNIV. OF FL LIS.



Y 19 3 4 I . ..

U.S. DIEPOGTOWY


LBS


--


(CAS GODS) (CAE GODS) (BUK GODS


--


---- ------


AVERAGE DAILY PU ;CHASES PER PRODUCER


I


R