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:
AA00013239:00041


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Full Text

UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED VILK MARKET REPORT
TAuGuST 1347
No. 10 WASH I NTON, D.C AAJGU sT 22, 1934
INFORMATION IN THIS MONTH'S ..RPORT IS FURNtISHFED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDEN;:EED MILK, OR BOTH.


PRICES PAID PRODUCERS FOR 3.51 M


GEOGRAPHIC SECTIONS
NEW ENGLAND
MIDDLE ATLANTIC**
SOUTH ATLANTIC
E. NORTH CENTRAL
W. NORTH CENTRAL
SOUTH CENTRAL


NUMBER OF FACTORIES
RE.DORTING


LK F. 0. 5. FACTORY FOR AUGUST 1934*
PRICE PER CWT.
RANGE AVERAGE


1. 1
1.20


1-
1.160
1.20


NORTH WESTERN I 1.05 1.05
SOUTH WESTERN I 0.88 0.88
U.S. AUG. 1534 5 .- .-2 1.10
U.S. JULY 1934** 13-, 0.25-1.50 1.09
U.S. AU_ 1_33 83 0.4_-1.30 1.10
**133 ADDITIONAL FACTORIES REPORTED PRICES NOT AVAILABLE AS YCT, OR TO BE BASED IN
PART ON THE CURRE:,T MONTH'S WHOLESALE BUTTER OR BUTTER ,rj'D CHEESE QUOTATIONS, 17 OF
THESE BEING LOCATED IN N.Y. AND PA. 36 RE:'ORTED PLANT'; CLOSED. NO PRICE INFOR-
MATION RECEIVED FROM REMAINING FIF :S. AVERAGE PRICES SHOWN FOR THE UNITED STATES
DO NOT INCLUDE ANY OF THE'iE FACTOr- IE. SUBJECT TO REVISION. *** REVISED.
PRICES PAID PROD':CERS FCR -3.5 ;ILKLR F B. FACTORY FOR JULY 1934
THE FOLLOWING REVISED PRICES PAID FOR JULY MILK INCLUDE PRICES PUBLISHED LAST
MONTH, AND THOSE LATER; REPORTED BY OTHER FIRMS. _______
NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS RPOGEAGE
REPORTING RANGE AVERAGE
NEW ENGLAND $ $ -
MIDDLE ATLANTIC 8 I.16-1.50 1.29
SOUTH ATLANTIC 2 0.98-1.05 1.02
E. NORTH CENTRAL 83 1.03-1.30 1.11
W. NORTH CENTRAL 9 0.98-1.13 1.07
SOUTH CENTRAL 9 0.08-.01 0.99
NORTH WESTERN 10 0.8F-1.03 0.96
SOUTH WESTERN 19 C.85-1.17 1.06
U.S JULY 1934
[RFVISED) 133 0.85- 1.50 1.09
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORAT-
ED MILK MARKETING AGREEMENT.


1 JULY 1934 -
I.


SECTION I
2
11 p
3
i 4
5
U S _
II. AVER.G
U.S. AvER.*G:


$ 1 1 1
1.?9
1 .01
0.95
0. :5
S1.09
I. 09


JUNE 1934


$1 12
1.23
1. 03
0. 8
1.03
1.04
1.07


JULY 1933


$1.15
1.30
1.03
G. QI
0.92
1. 05
1.09


NET WHOLESALE E SELLING PRICES IN CARLOTS F.O.B. DISTRIB'JTING POINTS JULY 1934
,CA:SE GOODS
THE WHOLESALE E PRICES G I VE" B LOW ARL: 9,\ ED ON THE REPORT MADiE BY MANUFACTURERS
COVERING ACTUAL GAL.ES DELI VERED AT ;MANUFACT UE'S 1 DIS:TR IBUT ING POINTS ON 3ASIS OF
CPAC '1i- C/UH O' RT T I ./r C r i T


EVA''OR/VTED M LK CONDENSED MILK
F. 0. 2. (PER CA E or 42 14 oz.. CANS) (PER CASE OF 48 14 OZ. CANS)
RANGE AVEc.AGE RANGE AVERAGE
BOSTON $2.40- .70 $2.57 $4.75-4.85 $4.82
NEW YORK CITY 2.40-2.70 2.57 4.26-4.90 4.61
PHILADELPHIA 2.40-2.70 2.55 4.75-4.85 4.82
CHICAGO 2.40-2.60 2.47 5.25 5.25
CLEVELAND 2.40-2.60 2.48
ST. Louis 2.40-2.60 2.48
KANSAS CITY 2.40-2.30 2.48
MINNEAPOLIS-ST.PAUL 2.40-2.0 2.48
ATLANTA 2.40-2.60 2.48 -
NEW ORLEANS 2.40-2.60 2.49 3.87-5.00 4.06
DENVER 2.40-2.60 2.49
SEATTLE 2.40-2. 0 2.51 -
SAN FRANCISCO ?.40-2.60 2.51 4.90 4.90
Los ANGELES 2.40-2.0 2.53 4.90 4.90
AVERAGE WHOLESALE E SELLING PRICES BY GEOGRAPHIC SECTIONS JULY 1934
C UNSWEETENED EVAF'OR-.TED Sw FTENED CONDENSED SWEETENED CONDEMN ED
GEOGRAPHIC (PER. CASE OF (PER CASE OF (BULK PER CWT.)
SECTIONS 48- 144 OZ. CANS) 4 14 OZ. CANS) UNSKIMMED SKIMMED
NEW ENGLAND -- 2.58 $44 $7.15 I 4.40
MIDDLE ATLANTIC 2.55 4.63 7.64 4.32
SOUTH ATLANTIC 2.54 4.93 7.15 4.60
E. N. CENTRAL 2.49 5.25 6.62 4.38
W. N. CENTRAL 2.49 -6.8 4.55
SOUTH CENTRAL 2.50 4.46 7.10 4.60
NORTH WESTERN 2.52 4.30 6.96 4.54
RSOUTHI WcESTERN 2 o52 4.90 8.96 4.54


U. S. AVERAGE
Ju111 V 134


$ F. 3


$4. 73


$6.99


JU -- -t$4 7


U. S. AVERAGE
JUNE 1934
U. S. AVERAGE
JULY 1333


$2.54


_$2. 53


$4.74


$6.99


$4.46

$4.43


$4.94 $7. 15 $4.59


(OVER)

AUGUST 1I34


--


.


C------L- ---------t----~i~------


--- ---


I-


uvY "L L "~


.L







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 3OL) OR CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH I "CLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF I. ILK INDICATED.
EVAPORATED M LK CONDENSED MI K C9NDEISED MI K
S__(CASE GOODS CALE GOODS (SULK GOODS)


TOTAL STOdKS ON AUG. I, 1934
NO. OF FIRMS REPORTING*
COMPARISON FOR :.AME FIRM:
AUGUST I, 1934
JULY I, IS34
o CHANGE DURING MONTH
FIRMS IN COMPARISON
AUGUCT I 134
AUGUST 1, 1933
o CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*

COMPARISON FOR SAME FIRM,:
JULY, 1934
JUNE, 1934
C CHANGE DURING MONTH
FIRMS IN COMPARISON*
JULY, 1934
JULY, 1933
o CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


203,885,419 LPS.
37

203,885,419 LBS.
153,149,361 LBS.
+33.13o
37
199,214,504 LSS.
131,980,000 LeS.
+50.94,
34


I10,477,337 LBS.
17,557,019 LeS.
.65"P
35
176,972,41, LBS.
1 7,274,434 LRS.
+ 5..80
32


TOTAL STOCKS
17,155,688 LBS.
8


17,155,688 LSs.
13,912,453 LsS.
+23.31
8
17,155,638 LES.
16,932,426 LBS.
+ 1.32%
8


PRODUCT I ON

5,752,397 LaS.
5,933,404 L3S.
3.05%
7
5,752,397 LBS.
4,803,220 LBS.
+19.76S
7


9,238,134 LBS.
28


9,238,134 LSS.
9,254,527 LoS.
0.18e
28
7,922,775 LBS.
11,771,248 LBS.
-32.69%
23


9,416,109 LBS.
12,392,847 LBS.
-24.02%
29
8,100,252 LBS.
7,209,690 LBS.
+12.35,
24


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JULY 1, 1934 153,149,361 LES. 13,912,453 LBS.
ESTIMATED TOTAL PRODUCTION
JULY 1334 190,039,000 LBS. 5,374,000 LBS.
*FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
AVERAGE DAILY PURCHASES PER PRODUCER*


10,105,115 LBS.

11,123,000 LBS.


19 34


JULY


91 933


1934


JUNE


1933


TOTAL PURCHASES 384,056,168 LBS 34-8,902,893 LaS 398,732,209 LBS 391,945,951 LBS
NUMBER OF PRODUCERS 92,297 83,819 91,726 84,687
AVERAGE DAILY
PURCHASES PER
PRODUCER 134.23 LSS 134.24 LBs 144.90 LBs 154.27 LBS


PERCENTAGE CHANGES
IN 1934 COMPARED
WITH 1933


PERCENTAGE
PERCENTAGE


- 0.01


CHANGE IN JULY 1934
CHANCE IN JULY 1933


6.07

COMPARED WITH JUNE 1934 7.36
COMPARED WITH JUNE 1933 -12.98


THESE FIGURES INCLUDE I LK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.

STOCKS OF EVAPRATED MILK BELOW AVERAGE MARKETING AGREEMENT PRICES UNCHANGED


STOCKS OF EVAPORATED MILK IN THE
HANDS OF MANUFACTURERS ON AUGU-sT I, AS
REPORTED TO THE U.S. BUREAU OF AGRIC'IL-
TURAL ECONOMICS, WERE CONSIDERABLY BELOW
AVERAGE, BUT THERE WAS AN INCREASE IN
STOCKS OVER THO::E OF JULY I WHICH AMOUNT-
ED TO 50,000,000 POUNDS, COMPARED WITH AN
AVERAGE INCREASE OF SUT 26,000,000
POUNDS, OFFsETTINC THIS, HOWEVER, IS THE
FACT THAT THE AUGUST I STOCKS TOTALING
203,835,000 POUNDS, WERE 31,000,000
POUNDS LESS THAN THE AUGUST I FIVE-YEAR
AVERAGE. THIS RELATIONSHIP, TOGETHER
WITH PRODUCTION THIS SEASON RUNNING
MATERIALLY DELOW LAST YEAR, PARTLY
ACCOUNT; FOR THE STEADY TO FIRM MARKET
WHICH CONTINUES TO PREVAIL. REGARDLESS
OF A GENERAL FALLING OFF OF DAIRY PRO-
DUCTION, EVAPORATED MILK DID SHOW AN
INCREASE IN JULY OF 102I MILLION POUNDS
OVER A YEAR EARLIER, FUT IN ALL OTHER
MONTHS OF 1934, THE YEAR TO YEAR COMPARI-
SONS SHOWED DECREASES, WITH THE RESULT
THAT FOR THE CALENDAR YEAR TO AUGUST I,
1934 PRODUCTION WAS 98 MILLION POUNDS
LESS THAN THE CORRESPONDING PERIOD OF
1933. THLRE WAS A DECREASE OF 242
MILLION POUNDS UNDER 1933 PRODUCTION
DURING THE FLUSH PRODUCTION PERIOD ALONE,
MAY, JUNE, AND JULY.

TRADE OUTPUT OF EVAPORATED MILK
EXCEEDED THAT OF 1933 EARLY IN THE YEAR,
AND AGAIN IN JUNE, SUT DURING ALLOTHER
MONTHS WA; LESS THAN LAST YEAR. FOR THE
PERIOD, JANUARY TO JULY, INCLUSIVE1
THERE WAS AN ESTIMATED DECREASE IN 1934
OF 60 MILLION POUNDS UNDER THE FIRST SIX
MONTHS OF 133. SOME OF THE SIGNIFICANCE



AUGUST


99L6 'LC80 Z9ZgL
SII N H IIIIIIIIIIIII 111111111 ii 1111111111 11111111111 llllll II


OF THIS COMPA.IS-N IS REMOVED, HOWEVER,
WHEN IT IS RECOGNIZED THAT ESTIMATES OF
MONTHLY TRADE OUTPUT DO NOT TAKE INTO
ACCOUNT STOCKS HELD BY WHOLESALE GROCERS,
BECAUSE OF A LACK OF DATA. THE LAST
QUARTERLY REPORT OR;F WHOLESALE GROCERS'
STOCKS, WHICH APF'LIES TO JUNE 30, SHOWS
THAT ON THAT DATE IN 1933, THIS CLASS OF
DISTRIBUTORS WERE CARRYING STOCKS ALMOST
DODULE THE AMOUNTS USUALLY HELD, AND
ALMOST DOUBLE THE STOCKS HELD DN JUNE 30
THIS YEAR, THE AMOUNTS THIS YEAR DEING
ASOUT AVERAGE. THUS, A LIGHTER TRADE
OUTPUT IN 1934 MAY DE PARTLY ACCOUNTED
FOR DY LIGHTER STOCKS CARRIED DY. WHOLE-
SALE GROCERS THIS YEAR. IT IS POSSIBLE
THAT THE HEAVY MOVEMENT OF EVAPORATED
MILK FROM MANUFACTURERS HANDS IN JUNE
THIS YEAR MAY HAVE DEEN DUE TO WHOLESALE
GROCERS STOCKING UP IN ANTICIPATION OF A
PRICE INCREASE, SINCE ADOUT THAT TIME
THERE WAS A PROPOSAL TO AMEND THE
EVAPORATED MILK MARKETING AGREEMENT-AND
REMOVE THE EXISTING MAXIMUM WHOLESALE
SELLING PRICE PROVISION. THIS AMENDMENT
IS STILL PENDING.
AVERAGE WHOLESALE SELLING PRICES
OF EVAPORATED CASE IN JULY WERE
PRACTICALLY THE SAME AS IN JUNE.
SOME PFICE SHADING WAS SAID TO
HAVE TAKEN PLACE, OUT THE VOLUME
OF -USINESS ON SUCH A BASIS WAS
PROOADLY NOT LARGE IN RELATION
TO TOTAL SALES.


UNIV. rL FL LM.



1934 --l

U.S. DEPOOITOffY


~___




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