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:
AA00013239:00036


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No. 175


UNITED STATES DEPARTMENT OF AGRICULTURE "
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE L o. ;. .
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(MARCH 1934)

WARHINGTON, D.C. MARCH 22, 1934


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

PRICES PAID PRODUCERS FOR 3.54 MILK F. 0. B. FACTORY FOR MARCH 1934*
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER C\'T.
REPORTING RANGE AVERAGE
NEW ENGLAND $ $ -
MIDDLE ATLANTIC** 122 1.22
SOUTH ATLANTIC -
E. NORTH CENTRAL 2 1.00-1.21 1.11
W. NORTH CENTRAL -
SOUTH CENTRAL -
NORTH WESTERN 2 0.90-1.03 0.97
SOUTH WESTERN __. 5 0.84-0.95 0.90
U.S. MARCH 1934 10 0.84-1.22 0.99
U.S. FEBRUARY 1334* ** 131 0.76-1.69 1.10
U.S. MARCH 1733 92 O.5-1.12 0.82
**123 ADDITIONAL FACTORIES REPO.-TED Pi'ICES NOT AVAILABLE AS YET, OR TO rE BASED IN
PART ON THE CURRENT MONTHS WHOLESALEE 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. AVERnAG PRICES SHOWN FOR THE UNITED STATES
DO NOT INCLUDE ANY OF THESE FACTORIES. SUBJECT TO REVISION.*** REVISED.
PRICES PAID PRODUCERS FOR 3.50 MILK F. 0. B. FACTORY FOR FEBRUARY 1934


THE FOLLOWING REVISED PRICES PAlO FOR
LAST MONTH AND THOOE LATER REPORTED BY OTHER


FEBRUARY MILK INCLUDE
FIRMS.


PRICES PUBLISHED


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS ROTTING RAE
REPORTING RANGE AVERAGE
NEW ENGLAND -
MIDDLE ATLANTIC 1.0S-1.69 1.37
SOUTH ATLAntIC 1.02-1.05 1.04
E. NORTH CENTRAL 80 1.00-1.28 1.14
W. NORTH CENTRAL 8 1,02-1.15 1.05
SOUTH CENTRAL 9 0.90-1.02 1.01
NORTH WESTERN 10 0.75-1.11 0.95
SOUTH WESTERN 16 0.66-1.07 0,93
U.S. FEBRUARY 1934
(REVISED) 131 0.66-1.69 1.10


NET WHOLESALE SELL


NS PRICES IN CARLOTS F.O..B DISTRIBUTING POINTS FEBRUARY 1934
C7ASE GOODS)


THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE SY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F. 0. B.


BOSTON
NEW YORK CITY
PHILADELPHI A
CHICAGO
CLEVELAND
St. Louis
KANSAS CITY
MINNEAPOLIS-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
LOs ANGELES


EVAPORATED M LK CONDENSI
(PER CASE OF 43 14. oz. CANS) (PER CASE OF 48
RANGE AVERAGE RANGE
$2.55-2.70 $2.58 $ 4.85
2.55-2.70 2.58 4.85
2.55-2.70 2.57 4.85
2.45-2.30 2.47 5.25
2.45-2.60 2.48 -
2.45-2.60 2.47
2.45-2.0S 2.47
2.45-2. 0 2.4 -
2.45-2.60 2.48
2.45-2.80 2.49 4.25-5.00
2.45-2.SO 2.4 -
2.45-2. 5 2.53
2.45- .65 2.53
2.45-2.65 2.53 -_


ED MILK
- 14 OZ. CANS)
AVERAGE


$4.35
4.85
4.35
5.25




4.68


AVERAGE


WHOLESALE SELLING PRICES BY oECORAP 34


GEOGRAPHIC UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
SECTIONS (PER CASE OF PER CASE OF BULK PER CWT.)
48 14a oz. CANS) 4 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.62 $4.87 $7.25 $4.3
MIDDLE ATLANTIC 2.58 4.95 6.78 4.35
SOUTH ATLANTIC 2.57 4.90 6.95 4.55
E. N. CENTRAL 2.51 5.25 6.36 4.24
W. N. CENTRAL 2.53 6.67 4.48-
SOUTH CENTRAL 2.55 4.75 6.95 4.55
NORTH WESTERN 2.58 .695 4.55
SOUTH WESTERN 2.59 7.13 4.54
U. S. AVERAGE
FEBRUARY 1934 $2.57 $4.90 $6,85 $4.40
U. S. AVERAGE
JANUARY 1934 $2.56 $4.95 $6.64 $4.45


U. S. AVERAGE
FEBRUARY 1933


$2. 38


,4.93


8__ -____ q


$6.72 I $4.06


EVAPORATED MILK MARKETS


CONTINUE ,TEADY TO FIRM


REPORTS FROM A NUMBER OF THE MOST
IMPORTANT EVA'-'OATED MILK MARKETS POINT
TO A FURTHER EXTENSION IN THE IMPROVEMENT
NOTED A MONTH iGO. TO SOME EXTENT ;;ALES
ARE HOLDING UP MUCH BETTER THAN HAD BEEN
EXPECTED. ESTIMATED PRODUCTION IN
FEBRUARY WAS lOrFiEWHAT SMALLER THAN A
YEAR EARLIER, AND WITH THE CONTINUANCE
OF A FAIRLY GOOD VOLUME OF TRADING,


STOCKS IN THE HANDS OF MANUFACTURERS
SHOWED AN EXCEPTIONALLY LARGE DECREASE
DURING FEBRUARY. WHOLESALE PRICES ARE
HOLDING JUST ABOUT STEADY AT THE LEVEL OF
THE PAST FEW MONTHS, ALTHOUGH THE
TENDENCY OF SOME DEALERS TO SHADE PRICES
UNDER ESTABLISHED QUOTATIONS IS CREATING
A SLIGHT FEELING OF NERVOUSNESS IN SOME
QUARTERS.


(CONTINUED ON NEXT PAGE)
MARCH 1354


I Ir _


NO, I (b








PAGE 2
-TOCKS ArD PR0!'TCTION O EV',AI-OPRATED AND CC CIDE:TID V I LK

TOTAL STOCKS INCLUDE ALL STOCKS HELD PV MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR- OWN ;EMIvI1SES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLD Ok CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIGURE-'; FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED I/,LK CO9NDENRED :MI K CONDDNGED MI LK
______ (CASE GOODS) 0 (CAS GOODS) ___ S.ULK GOODS)


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


COMPARISON
MARCH I,
FEBRUARY
O CHANGE
FIRMS IN
MARCH I,
MARCH I,
o CHANGE
FIRMS IN


FOR SAME FIRMS:
1934
I, 1334
DURING MONTH
COMPARISON
1934
1933
FROM PREV. YEAR
CO!'IPAi- I SON*


COMPARISON FOR SAME FIRMS:
FEBRUARY, I:734
JANUARY, 1934
o CHANGE DURING MONTH
FIRMS IN COM;PAF ISON*
FEBRUARY, 1934
FEBRUARY, 1933
o CHANGE FRO?:'. Pr-V. YEAR
FIRMS IN COMPARISON*


FINAL REVISIONS FOR LAST f1ONTH:
TOTAL STOCKS ON FEB. 1, 1934
ESTIMATED TOTAL PRODUCTION
FEBRUARY, 1934


112,936,473 LBS.
34

112,936,473 LBS.
167,073,822 LDS.
-32.400
34
112,936,473 LBs.
101,070,330 LSS.
+1 I1. 7410
34



95,554,423 L3S.
94,284,808 LOS.
+ I.,451
33
95,354,423 LsS.
104,596,02 : LOS.
3.55
33


137,073,822 Lan.

100,272,000 LBS.


TOTAL STOCKS
4,77T7,41T LBS.
7

4,774,412 LBS.
6,394,103 LBS.
-25.33~
7
4,774,412 LBS.
7,827,441 LBS.
-39.00e
7

PRODUCT I ON

4,355,235 LBS.
4, 25,3140 LBS.
-10.37%
6
4,355,285 LBS.
4,:45 ,857 LBS.
+ 0.22"f
6


6,794,103 LDS.

4,378,000 LBS.


5,324,532
27


LBS.


5,624,532 LBS.
7,383,437 LBS.
-23.821
27
4,721,654 LBS.
5,093,540 LBS.
7.30'
22



6,083,143 LBS.
7,562,504 LBS.
-19.56o.
27
4,976,107 LeS.
5,163,405 LOS.
3.72
22

7,656,999 LBS.

8,637,000 LBS.


* F I MS, NOT FACT IES. SOME FIRMS OPERATE MORr THAN ONE FACTORY.

AVE,-AGE DAILY PUR.CH/\ S~FEBRUiARY JANUARY


TOTAL PURCHASES
NUMBER OF PURCHASES
AVERAGE DAILY
PURCHASES PER
PRODUCER
PERCENTAGE CHANGES
IN 1934' COMPARED
WITH 1933


252,318,870 LBs
80,416


S12.06


____133
236,02'r,276 LBS
74,327


113.41 Los


- 1.19


1934-
253,916,966 LOS
80,008


104.39 Los


I 1933
246,579,718 LBS
73,934


107.58 LBS


- 2.97


PERCENTAGE CHANGE IN FEBRUARY 1934 COMPARED WITH JANUARY 1934 + 7.35
PERCENTAGE CHANGE IN FEBRUARY 1933 COMPARED WITH JANUARY 1933 +-5.42
* THESE FIGURES INCLUDE MILK PURiCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED


AND CONDENSED MILK.


(CONTINUED FROM FIRST PAGE)


THE C:Hi-RP C ROP IN STOCKS IN THE
HANDS OF EVAPORATED MILK MANUFACTURERS
REPORTED DU. I NG THE PAST TWO MONTHS IS
PART I CULARLY ENCOURAGING. 0N JANUARY I
1934, MANU-ACTURERS r E:ORTE, A TOTAL OF
229,207,417 POUNDS OF EVAPORATED CASE
GOODS ON HAND. THE'E STOCKS WERE REDUCED
TO 181,124,S24 POUNDS BY FEBRUARY I AND
TO 123,335,417 POUNDS BY MARCH I. FROM
JANUARY TO MARCH THERE WAS A TOTAL NET
REDUCTION OF 105,872,000 POUNDS. DURING
THE SAME PRI OD LAST YEAR THERE WAS A NET
REDUCTION OF ONLY 4,265,880 POUNDS. THE
FIVE-YEAR AVE.-AGE NET REDUCTION IN STOCKS
DUR ING JANUARY AND FEBRUARY IS ONLY
42,437,400 POUNDS. COMPARED TO A YEAR
AGO, STOCKS ON MAiCH I WERE 8,846,945
POUNDS HEAVIER, WHEREAS ON JANUARY I THE
INCREASE OVER A YEAR EARLIER WAS
109,454,065 POUNDS.

A CONTRIBUTING INFLUENCE TO THE
HEAVIER REDUCTION IN STOCKS SO FAR THIS
YEAR WAS THE LIGHTER PRODUCTION IN JANUARY
AND FEBRUARY. A COMPAR,'ISON OF PRODUCTION
OF SIMILAR FIRMS IN JANUARY INDICATED A
DECREASE OF 15.6 PER CENT FROM THE PRO-
DUCTION OF JANUARY A YEAR EARLIER, WHILE
A SIMILAR COMVPARI ON IN FECRUAlRY POINTED
TO A DECREASE OF 8.5 PE;' CENT. THESE
DECREASES, HOWEVER, A;E NOT SUFFICIENTLY
LARGE TO EXPLAIN ALL OF THE EXCEPTIONALLY
HEAVY MOVEMENT OF STOCKS FROM THE SHELVES
OF MANUFACTURERS INTO DISTRIBUTING
CHANNELS. PROBABLY SOME OF THE INCREASED
MOVEMENT WAS DUE TO HEAVIER, BUYING 3Y
WHOLESALE GROCERS, AC. QUARTERLY REPORTS
OF WHLEALE GROCERS' STOCKSS IN 38
SELECTED Ci TI:S i ADE TO THIS BUREAU AS OF


DECEMBER 31, 1933, INDICATED THAT AT THAT
TIME SUCH STOCKS OF EVPORATED MILK WERE
APPROXIMATELY 20 PER CENT SMALLER THAN A
YEAR EARLIER. WITH THE PRICES OF MOST
MILK P.,ODUCTS ADVANCING SINCE THE FIRST
OF THE YEAR MANY DEALERS IN SUCH
CO'MMOD'ITIES HAVE DEEN MORE WILLING TO
ANTICIPATE FUTURE REQUIREMENTS THAN THEY
WERE THE LAST FEW MONTHS OF 1933.
SCATTERING REPORTS ALOO INDICATE THAT
THE CURRENT CONSUMPTION OF EVAPORATED
MILK IS ALSO SHOWING SOME EXPANSION OVER
THIS TIME LAST YEAR.

THE MARKET ON CONDENSED MILK
SHOWS PRACTICALLY NO CHANGE, EITHER IN
ACTIVITY OR PRICES. VOLUME OF SALES
CONTINUES MORE OR LESS LIMITED,
PARTICULARLY ON DULK GOODS. IT IS
REPORTED THAT SOME IMPROVEMENT IN THE
CAKING AND CONFECTIONERY TRADES IS
CAUSING AN INCREASED DEMAND FROM THAT
QUARTER. PRODUCTION OF 30TH CONDENSED
CASE AND DULK GOODS IN FEBRUARY, WAS
PRACTICALLY THE SAME AS THAT OF A YEAR
EARLIER. THERE WAS A FURTHER DECREASE
REPORTED IN MANUFACTURERS STOCKS, THE
4,774,412 POUNDS OF CONDENSED CASE
GIVEN ON MARCH I DEING 39.00 E;ER CENT
SMALLER THAN ON THE SAME DATE LAST
Yi.A; AS AGAINST A DECREASE OF 32.86
PER CENT DN FEBRUAR:Y I. STOCKS
OF CONDENSED SULK WH ICH A MONTH
AGO WERE 5.3 PER CENT LARGER
THAN THE STOCKS OF THE SAME DATE
A YEAR EARLIER ON MARCH 1
SHOWED A DECREASE OF 7.3 PER CENT
UNDER MARCH I A YEAR AGO.


L066 VEL90O Z91

IIllmIII1IIIIIIII1111 u 1 l lllmIIIIIII


~~~ ___


MARCH 1934




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