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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/AA00013239/00039
 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: AA00013239:00039

Full Text
UNITED STATES S DEPARTMENT OF AGRICULTURE
BUREAU or AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
b;ONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JUJNE 1934)

178 __ WASHINrGON, D.C. JUNE 22, 1934
INF-',)RATION IN THIS MO'NTHIS REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MA NUFCTLURE CASE GOODS EVAPORATED MILK OR CONDENSED MILK, OR BOTH.
P.IC.P. PAID F0JCERS FOR 3.54 MILK F. 0. B. FACTORY FOR JUNE 1934*
NUMaBR OF FACTORIES PRICE PER CWT.
ERAP IC S TONS RPORTI NG RANGE AVERAGE
NEW ENGLAND $ $ -
oIDDLE ATLANTIC** I 1.16 1.15
SOUTH ATLANTIC
E. NORTH C!--:TRAL 4 1.08-1.15 1.12
W. 'OfTH C.:'TR,.L -
SOurH CENTRAL
NoT WEST'RN 1 1.03 1.03
SoIuiTH ESIT LRN 0.78 0.78
U r.-. JNE IUNL 0.78-1.16 I. 06
U. .MAY- 1934*. ** 130 0.74-1.37 1.06
U.S. JUNE 15933 7 0.80-1.32 1.00
**133 ADDITIONAL FACTORIES REPORTED PRICES NOT AVAILABLE AS YET, OR TO BE BASED IN
PART ON TH::: CURRENT MONTH 1 WHOLESALI: BUTTER OR BUTTER AND CHEESE QUOTATIONS, 17 OF
THESF. BEING LOCATI:L IN N.Y. AND PA. 33 REPORTED PLANTS CLOSED. NO PRICE INFOR-
MATION RECEIVED FR.'M RErAMAIN ING FI RMS, AVERAGE PRICES SHOWN FOR THE UNITED STATES
DO NOT I CL.''E ANY OFr THESE FACTORIES. SUBJECT TO RLVISION. *** REVISED.
FRICES PAID FRODUCERS FOR 3.5c \"ILK F. 0. B. FACTORY FOR MAY 1934
THE FOLLOWING REVISED PRICES PAID -CR MAY MILK INCLUDE PRICES PUBLISHED LAST
MONTH, AND THO':E LATER REPORTED CY OTHER FIRMS.
GEOGRAPHIC SECTIONS NUMSBR FACTORIES PRICE PER CWT.
GEOGRAPH IC SECTIONS
REPORTING RANGE AVERAGE
C-n LNGLAND -
V'IPODL ATLANTIC 6 1 .2-1.37 1.24
SOUTH ATLANTIC 2 0.97-1.05 1.01
E. NORTH CEN:TRAL 84 1.05-1.31 1.10
W. NO)RTH C-EJTRAL a 0.96-1. 20 1.03
SOUTH CENT;...L 9 0.96-0.97 0.97
NOI.TH WE[:STEr;N 10 0.79-0.96 0.87
SOUTH WESTERN 18 0.74-1.05 0.95
U.S. MAY r1'-4
(REVISED) 138 0.74-1 .37 1.06
NET W .HOLESALE SELLING PRICES IN CARLOTS F.. .. DISTR13UTING POINTS MAY 1934
(CASE GOODS)
THE WHOLE ALE P RICC GI VCE BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACT'.\l S3\LE? DELIVERED AT MANUFACTUR-IRS' DISTRIBUTING POINTS ON BASIS OF
CASH OR. S-,OT "TI"ME CRE-DIT._
EVA'OI.ATE.D M. LK< CONDENSED MILK
F. 0. . (P:'R CAE OF 48 14z; oz. CANS) (PER CASE OF 48 14 oz. CANS)
__ RANGE AVERAGE RANGE AVERAGE
BoSTON 12.45-2.70 $4.26-4.85 $4.65
NEW YORK CITY 2.45-2.70 2.60 4.26-4.85 4.65
PHILADELPHIA 2.45-2.70 2.60 4.26-4.85 4.65
CHICAGO 2.35-2. 0 2.49 5.25 5.25
CLEVELAND 2.35-2.60 2.50
ST. Lou I 2.35-2.60 2.50
KANSAS CITY 2.35-2.60 2.51
MI NNEAPOLI .-ST.PAUL 2.35-2..0 2.50
AT L.A.;TA 2.45-2. 0 ;253
N'W ORLEANS 2.45-2.60 2.53 3.87-5.00 4.19
DENVER 2.45-2.60 2.53
SEATTLE 2.45-2. 0 2.56 -
SAN FrANCIro 2.45-2.60 2.54 5.00 5.00
Los ANGELES ____.45-2.S60 2.54 -_
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS MAY 1934
GEOGRAPHIC UNE.WEl.iTr'ED EVAPORATED SW EETENED CONDENSED SWEETENED CONDENSED
CEFGRAHIC (PF-. CASE OF PER CASE OF BULK PER CWT)
SECTI ONS 48 14, oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEw ENGLAND $2.58 $4.56 $6.50 $4.38
MIDDLE ATLANTIC <2.56 4.62 6.50 4.29
SOUTH ATLANTIC 2.54 4.90 6.50 4.69
E. N. CENTRAL 2.49 5.25 6.11 4.29
W. N. CETRAL 2.49 6.07 4.48
SOUTH CENTRAL 2.51 4.46 6.50 4.69
NORTH WESTERN 2.55 5.00 6.50 4.69
SOUTH WESCTERN _2.54 6.75 4.50
'. S. AVERAGE
MAY 1934 $2.54 $4.70 $6.33 $4,45
U. S. AVERAGE
APRIL 1934 $2.56 _$4,88 $6.77 $4.42
U. S. AVERAGE
MAY 1933 $2.47 $4.93 $6.71 $4, 23

EVAPORATED MILK FIRM UNDER LIGHTER PRODUCTION
EVAPORATED MILK SELLING PRICES SECTIONS. EVAPORATED MILK PRODUCTION HAS
ARE STILL GOVERNED BY THE EVAPORATED MILK BEEN CONSISTENTLY LOWER THAN CORRESPONDING
MARKETING AGREEMENT, AND WHILE NO PRICE PERIODS OF '1933 EACH MONTH THIS YEAR. UP
CHANGES HAVE BEEN APPROVED BY THE TO MAY I THERE WAS AN ESTIMATED DECREASE
AGRICULTURAL ADJUSTMENT ADMINISTRATION, OF 13 PER CENT, AMOUNTING TO APPROXI-
REPORTS TO THE BUREAU OF AGRICULTURAL MATELY 74 MILLION POUNDS. THE REPORT FOR
ECONOMICS INDICATE THAT THE MARKET THIS MAY REVEALS A REDUCTION OF 11.7 PERCENT,
rIONTH OCCUPIES A FAIRLY. FIRM POSITION, MAKING THE TOTAL SHORTAGE FOR THE FIVE
TRADING HAS BEEN GENERALLY SATISFACTORY, MONTHS CLOSE TO 100 MILLION POUNDS.
D')T ANC DED ELEMENT OF STRENGTH IS FOUND EVAPORATED MILK IS NOT ALONE IN SHOWING A
IN THE ANTICIPATED LOWER PRODUCTION DUE DECREASE UNDER LAST YEAR, FOR MOST OTHER
TO DROUGHT CO EDITIONS WHICH CONTINUE TO DAIRY PRODUCTS SHOW SIMILAR TENDENCIES.
AFFECT SOME OF THE IMPORTANT PRODUCING CHEESE AND CONDENSED MILK PRODUCTION
(CONTINUED ON NEXT PAGE)
JUNE 1934







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) FOF WAREHOUSE CONSIGNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVEREDe
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK CONDENSED MILK CONDENSED MILK
CASE GOODS) (CASE GOODS) (SULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON JUNE I, 1934 151,690,725 LBS. 9,239,481 LBS. 7,588,608 LBS.
No. OF FIRMS REPORTING* 37 8 26
COMPARISON FOR SAME FIRMS:
JUNE 1, 1934 151,690,725 LBS. 9,239,481 LBS. 7,588,608 LBS.
MAY I, 1334 117,115,402 LBo. 5,924,014 LBS. 4.504,708 LBS.
SCHANGE DURING MONTH +29.520 +55.97 +68.46 .
FIRMS IN CO'.IARISON 37 8 26
JUNE I, 1934 146,922,448 LBS. 9,239,481 LBS. 6,728,381 LBS.
JUNE 1, 1933 48,064,401 LBs. 9,859,649 LBS. 8,314,150 LBS.
SCHANGE FROM PREV. YEAR +205.68% 6.29e -19.07%
FIRMS IN COMPARISON* 34 8 21
PRODUCTION
COMPARISON FOR SAME FIRMS:
MAY, 1934 180,066,783 LES. 5,313,155 LBS. 11,774,472 LBS.
APRIL, 1933 146,821,121 LBS. 5,990,441 LBS. 8,227,460 LBS.
CHANGE DURING MONTH +22.64% -11.31% +43.11 .
FIRMS IN COMPARISON* 36 7 27
MAY, 1934 175,652,569 LBS. 5,313,155 LBS. 10,177,102 LBS.
MAY, 1933 199,079,980 LBS. 6,537,921 LBS. 8,456,291 LBS.
o CHANGE FROM PREV. YEAR -11.77/ -18.738 +20.355
FIRMS IN COMPARE ISON* 33 7 22
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON MAY I, 1934 117,115,402 LBS. 5,924,014 LBSi 4,936,738 LBSi
ESTIMATED TOTAL PRODUCTION
MAY, 1934 188,688,000 LBS. 5,328,000 LBS. 19,579,000 LBS.
*FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY,
AVERAGE DAILY PURCHASES PER PRODUCER*

MAY APRIL
19__34 1933 1934 _1933
TOTAL PURCHASES 400,187,804 LBS 372,271,920 LBS 327,717,413 LBS 316,599,403 LBS
NUMBER OF PRUCHASES 91,145 83,169 84,206 78,621
AVERAGE DAILY
PURCHASES PER
PRODUCER 141.S3 LBS 144.39 LBS 129.73 LBS 134.23 LBS
PERCENTAGE CHANGES
IN 1934 COMPARED 1.91 3.35
WI TH I 933


PERCENTAGE CHANGE IN MAY 1934 COMPARED WITH APRIL 1934
PERCENTAGE CHANGE IN MA',' 1933 COMPARED WITH APRIL 1933


-+ 9.17
- + 7.57


* THESE FIGJiRE~; INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDE:NSED M.I 1lK.
(CONTINUED FROM FIRCT PACE)


EXCEEDED THAT OF 1,33 IN MARCH AND APRIL,
BUT BUTTER HAS BEEN LOWE, THAN LAST YEAR
THROUGHOUT ALL OF 1934. CONDENSED MILK
PRODUCTION N MAY DROPPED 18.7 PER CENT,
AND BUTTER 8 PER CENT BELOW MAY 1933.
IN WISCONSIN, WHICH 10 IMPORTANT AS A
PRODUCER OF EVAPORATED -MIILK AS WELL AS
BUTTER, MAY PRODUCTION OF THE LATTER
PRODUCT WAS 12.0 PER CENT BELOW A YEAR
EARLIER.

UNDER THE FOREGOING CONDITIONS,
MANUFACTUREKSo OF EVAPORATED MILK HAVE
NOT FELT THE PRESSURE TO MOVE GOODS THAT
WOULD OTHERWISE HAVE BEEN THE CASE.
STOCKS HAVE INCREASED, BUT NOT SO MUCH AS
NORMALLY OCCURS. TOTAL STOCKS OF EVAPO-
RATED CASE JUNE I AMOUNTED TO 151,691,000
POUNDS, COMPARED WITH 46 MILLION POUNDS
ON JUNE 1, 1933. AND A JUNE I FIVE-YEAR
AVERAGE (1929-133 INCL.) OF 10,609,000
POUNDo:. THESE JUNE I STCK5 REPRESENTED
AN INCREASE LAST MONTH (MAY) OF 34
MILLION POUNDS, COMPARED WITH AN AVERAGE
INCREASE THE PAST FIVE YEARS ')F 48
MILLION POUNDS. STOCKS OF EVAPORATED


MILK LAST YEAR WERE AT RECORD LOW LEVELS,
SO THAT THE HEAVY SURPLUS OVER 1933
LOSES SOME OF ITS SIGNIFICANCE; CONDENS-
ED CASE IS IN A VERY STRONG POSITION
STATISTICALLY, WITH JUNE I STOCKS SLIGHT-
LY LESS THAN A YEAR AGO, AND THE MAY
INCREASE QUITE A BIT LESS THAN OCCURRED
IN' 1933. FURTHERMORE, PRODUCTION OF
CONDENSED CASE IS NOW SHOWING A TENDENCY
TO DROP BELOW THAT OF 1933, WHEREAS PRE-
CEDING MONTHS SHOWED INCREASES.
SELLING PRICES OF EVAPORATED CASE
IN MAY AVERAGED ABOUT THE SAME AS THE
PRECEDING MONTH, BUT DESPITE THE STRONG
STATISTICAL POSITION, AVERAGE PRICES OF
CONDENSED CASE WERE LOWER. THIS APPARENT-
LY REPRESENTED A DESIRE OF CERTAIN MANU-
FACTURERS TO MOVE GOODS, RATHER THAN A
GENERAL MOVE OF ALL MANUFACTURERS TOWARD
A LOWER PRICE BASIS. THE REDUCTION
APPLIED ONLY TO THE NEW ENGLAND
AND MIDDLE ATLANTIC SECTIONS.


UNIV. OF FL Lia.





u.S. DEPoarroty


JUNE 1934


8L96 VIL9O Z9Z I.