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Monthly evaporated and condensed milk market report
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Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/AA00013239/00040
 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: AA00013239:00040

Full Text

UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT


(JULY 1934)
No. 179 WASHINGTON, D.C. JULY 24, 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 F. 0. B. FACTORY FOR JULY 1934*
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND I $ _
MIDDLE ATLANTIC** 1.15 1.16
SOUTH ATLANTIC
E. NORTH CENTRAL 2 1.09-1.20 1.15
W. NORTH CENTRAL -
SOUTH CENTRAL -
NORTH WESTERN 1 1.03 1.03
SOUTH WESTERN I 0.85 0.85
U.S. JULY 1934 5 0.85-1.20 1.07
U.S. JUNE 1934*** 137 0.78-1.46 1.09
U.S. JULY 1933 79 0.81-1.22 1.07
**133 ADDITIONAL FACTORIES REPORTED PRICES NOT AVAILABLE AS YET, OR 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. 37 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 JUNE 1934


THE FOLLOWING REVISED PRICES PAID FOR JUNE MILK INCLUDE PRICES
MONTH, AND THOSE LATER REPORTED BY nTHFR BIRMS.


PUBLISHED LAST


GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
REPORTING RANGE AVERAGE
NEW ENGLAND $ -
MIDDLE ATLANTIC 6 I .16-46 1.30
SOUTH ATLANTIC 2 1.02-1.05 1.04
E. NORTH CENTRAL 83 1,05-1.25 1.14
W. NORTH CENTRAL 9 1.01-1.18 1.08
SOUTH CENTRAL 9 1I01-1.02 1.02
NORTH WESTERN 10 0.83-1.03 0.92
SOUTH WESTERN 18 0.78-1.12 1.02
U.S. JUNE 1934
(REVISED) 137 0.78-1.46 1.09
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS JUNE 1934
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.
EVAPORATED MILK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14_ oZ. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.45-2.70 $2.59 $4.75-4.85 $4.82
NEW YORK CITY 2.45-2.70 2.58 4.26-4.90 4.61
PHILADELPHIA 2.45-2.70 2.57 4.75-4.85 4.82
CHICAGO 2.35-2.60 2.48 5.25 5.25
CLEVELAND 2.35-2.60 2.49 -
ST. Louis 2.35-2,60 2.48
KANSAS CITY 2.35-2.60 2.48
MINNEAPOLIS-ST.PAUL 2.35-2,60 2.48
ATLANTA 2.45-2.60 2.51
NEW ORLEANS 2.45-2.60 2.51 3.87-5.00 4.06
DENVER 2.45-2.60 2.51
SEATTLE 2.45-2.60 2.54
SAN FRANCISCO 2.45-2.60 2.54 5.00 5.00
Los ANGELES 2.45-2.60 2.53 5.00 5.00
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JUNE 1934
UNSWE TENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
GEOGRAPHIC PER CASE OF (PER CASE OF BULK PER CWT.
SECT IONS 48- 14- OZ. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.60 $4.84 $7.15 $4.43
MIDDLE ATLANTIC 2.57 4.62 7.64 4;23
ShUTH ATLANTIC 2.56 4.93 7.15 4.60
E. N.CENTRAL 2.50 5.25 6.57 4.33
W. N.CENTRAL 2.50 -6.86 4.51
SOUTH CENTRAL 2.51 4.46 7.15 4.60
NORTH WESTERN 2.55 5.00 6.96 4.60
SOUTH WESTERN 2.54 5.00 6.96 4.54
U. S. AVERAGE
JUNE 1934 $2.54 $4.74 $6.99 $4.43
U. S. AVERAGE
MAY 1934 $2.54 $4.70 $6.33 $4.45
U. S. AVERAGE
JUNE 1933 $2.51 $4.93 $6.78 $4.32

EVAPORATED MILK MARKETS FIRM ELIMINATION MAXIMUM SELLING PRICE PROPOSED


WHOLESALE SELLING PRICES OF EVAPO-
RATED MILK REPORTED TO THE U.S. BUREAU OF
AGRICULTURAL ECONOMICS STILL HOLD WITHIN
THE RANGE OF THE EVAPORATED MILK MARKET-
ING AGREEMENT. THE MARKET CONTINUES FIRM,
HOWEVER, AND AN AMENDMENT TO THE AGREE-
MENT HAS BEEN PROPOSED, WHICH WOULD


RETAIN THE PRESENT MINIMUM PRICES, BUT
ELIMINATE THE MAXIMUM SELLING PRICES
ESTABLISHED WHEN THE AGREEMENT BECAME
EFFECTIVE LAST YEAR. A HEARING WITH
REFERENCE TO THE PROPOSED AGREEMENT IS
BEING HELD IN CHICAGO TODAY (JULY 24).
THE APPROVAL OF THE ABOVE PROPOSAL WOULD


(CONTINUED ON NEXT PAGE)
JULY 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
UNCOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCT ON FIGURE-S FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURE ING HE CLASSES OF ;.:ILK INDICATED.
EVAPORATED MILK CONDENSED MILK CONDENSED VILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)

TOTAL STOCKS
TOTAL STOCKS ON JULY 1, 1334 153,143,361 LES. 13,912,453 LEE. 9,501,077 LBS.
NO. OF FIRMS REPORTING '* 37 3 30
COMPARISON FOR SAME FIRMS:
JULY 1, 1934 153,149,361 LBS. 13,912,453 L.S. .9,501,077 LBS.
JUNE I, IS34 151,590,725 LBs. 9,233,481 LBS. 3,012,311 LBS.
o CHANGE DURING MONTH + 0..96o +50.593 +13.508
FIRMS IN COMPARISON 37 8 30
JULY I, IS34 147,412,085 Lss. 13,912,453 LBS. 7,751,673 LBG.
JULY I, 1933 104,058,295 LBS. 14,995,522 LDS. 12,895,237 LBS.
o CHANGE FROM PREV. YEAR +41.66% 7.22- -39.39%
FIRMS IN CO, PARISON* 34 8 23

PF.ODUCTI ON
COMPARISON FOR SAME FIRMS:PRODUCTI
JUNE, 1934 195,557,018 LBS. 5,933,404 LeS. 12,600,397 LBS.
MAY, 1934 180,066,783 LOS. 5,313,155 LBS. 12,949,706 LBS.
% CHANGE DURING MONTH + 9.71o +11.67, 2.70C
FIRMS IN COMPARISON* 38 7 30
JUNE, 1934 193,408,090 Las. 5,933,404 L3s. 9,916,578 LBS.
JUNE, 1933 202,386,353 LBs 5,167,835 LBS. 8,324,701 LBS.
CHANGE FROM PREV. YEAR 4.44% +14.81% +12.37o
FIRMS IN COMPARISON* 33 7 24
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JUNE I, 1934 151,690,725 LBS. 9,239,431 LBS, 8,457,536 LBS.
ESTIMATED TOTAL PRODUCTION
JUNE 1934 210,750,000 LBe. 5,939,000 LBS. 16,164,000 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORP THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

JUNE MAY
_1134 1933 134 1933
TOTAL PURCHASES 3:E,732,?-09 LBS 391,9-5,951 LBS 400,187,804 LBS 372,271,920 LOS
NUMBER OF rURCHASES 91,726 84,687 91,145 83,19
AVERAGE DAILY
PURCHASES PER
PRODUCER 144.30 LB;. 154.27 L3; 141.53 LOS 144.39 LBS
PERCENTAGE CH,\NG FS
IN 1934 COMPARED 6.07 1.9.1
WITH 1933


PERCENTAGE CHANGE IN JUNE 1934 COMPa-RED WITH MIAY 1934
PERCENTAGE CHANGE IN JUNE 1933 CO-1PARED WITH MA\Y 1933


- + 2.31
- + ,.84


STHEr:E FIGURES INCLlUE -.'LK PURCHASED PR I I.A IL/ FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIRST PAGE)


OPEN THE WAY FOR PRICE CHANGES AFOVE THE
ESTABLISHED MAXIMhUMS, INCLUDING THE
POSSIBILITY THAT PRICE RANGES MIGHT CE
WIDENED BEYOND THE P.ESRENT 15 CENTS PER
CASE LIMIT.

EVAPORATED MILK, ALONG WITH MOST
OTHER DAIRY PRODUCTS;, HAS SHARED IN THE
FIRMER POSITION DROUGHT ABOUT PRIMARILY
BY THE DROUGHT WHICH HAS SEVERELY
CURTAILED DAIRY PRODUCTION. EVAPORATED
CASE PRODUCTION IN JUNE WAS 4.4 PER CENT
BELOW JUNE, 1933, THUS CONTINUING THE
LOWER TREND IN RELATION TO 1933 WHICH HAS
FEATURED THE ENTIRE CALENDAR YEAR.
ESTIMATES FOR THE FIRST HALF OF 1934
REVEAL A DROP UNDER THE CORRESPONDING
PERIOD OF 1933 AMOUNTING TO 108 MILLION
POUNDS, 01 II PER CENT. AS A COMPARISON,
BUTTER PRODUCTION IN JUNE WAS 10.5 PER
CENT BELOW A YEAR AGO, AND FOR THE
CALENDAR YEAR SHOWS A REDUCTION TOTALING
84 MILLION POUNDS, OR 9 PER CENT. SOME
EVIDENCE OF THIS YEARS CHANGE IS SHOWN
BY FIGURES REPRESENTING AVERAGE DAILY
DELIVERIES PER PRODUCER AT CONDENSERIES.
IN JUNE THIS YEAR, THE AVERAGE WAS 144.9
POUNDS COMPARED WITH 154.2 POUNDS IN
JUNE 1933. THIS IS AN AVERAGE REDUCTION
OF OVER 9 POUNDS PER PRODUCER. THE RE-
DUCTION UNDER 1933 IN MAY WAS ONLY 2.7
POUNDS FURTHER INDICATION OF THIS
SEASON'S REDUCED MILK SUPPLIES AT
CONDENSERIES IS SHOWN BY THE FACT THAT
IN 1933, THE MAY TO JUNE INCREASE IN


JULY 1934


DELIVERIES PEr; PRODUCER; WAS 10 POUNDS,
WHEREAS THIS YEAh JUNE WAC ONLY 3.3
POUNDS ADOVE MAY.

TOTAL STOCKS OF EVAPORATED CASE
ON JULY 1 AMOUNTED TO 153 MILLION
POUNDS, AN INCREASE CF APPROXIMATELY 42
PER CENT OVER JULY I LAST YEAR. IN, THIS
CONNECTION, HOWEVER, IT IS TO 3E
REMEMBERED THAT TOTAL CTOCKS WERE UN-
USUALLY LOW IN THE SUMMER OF 1933. THE
JULY I FIVE-YEAR AVERAGE (1 929-193) OF
EVAPORATED CASE STOCKS IS 208 MILLION
POUNDS. INCIDENTALLY, THE AVERAGE JUNE
INCREASE IN EVAnORATED MILK STOCKS DUR-
ING THIS RAME FIVE YEAR PERIOD WAS 48
MILLION POUNDS. THIS YEAR THE INCREASE
WAS LESS THAN 3 MILLION POUNDS.
PRODUCTION OF CONDENSED CASE IS
SMALL IN RELATION TO EVAPORATED, AND THE
TREND OF PRODUCTION IS DIFFERENT. JUNE
PRODUCTION, FOR EXAMPLE, WAS 15 PER CENT
HEAVIER THAN A YEAR AGO. THE SEASONAL
INCREASE WAS ALSO GREATER THAN IN THE
CASE OF EVAPORATED MILK. STOCKS OF
CONDENSED CAOE ARE LIGHT, HAVING BEEN
ONLY 14 MILLION POUNDS ON JULY I. THIS
REPRESENTED A 7 PER CENT DECREASE UNDER
JULY 1, 1933. THE AVERAGE OF JULY I
STOCKS OVER THE ABOVE FIVE YEAR PERIOD
WAS 25 MILLION POUNDS, SO THAT THE
SUPPLY SITUATION ON THIS CLASS OF GOODS
IS FIRM.


UNIV. OF FL LII.
SCUENTII PT.

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