<%BANNER%>

UF UFIR



PRIVATE ITEM
Digitization of this item is currently in progress.
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/AA00013239/00042
 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: AA00013239:00042

Full Text

UNITED STATES DEPARTMENT CF AGRICULTURE
BUREAU OF AGRI CULTUPA;.. LCON-)MIC 5
MARKET NEWS SERVICE
MONTHLY .EVAOA.TED AND CONDENSED Mr;ILK MARKET REPORT
-(TEPTEMBE.R 1934)

No. 181 WASLH 'GTON C. SEPTEMBER 22, 1934
INFORMATION IN THIS -MONTH'S i-EPORT IS FURNISHED 3Y ALL FIRMS OF RECORD WI-ICH
MANUFACTURE CASE GOODS EVAPORATED MI LK OR CONODENED MILK, OR 0OTH.
PRICES PAID PRC'.'CCERSF FCOR 3. MILK F. C. B. FACTORY 'COR AU'UST 1934*_
NU:.iBER Or' FACTOR IE S PRICE PER CWT.
GEOGRAPHIC SECTIONS REI:; ORTRE PER CG--AVE
-RF- ORTIi G RANGE _____ AVERAGE
NEW ENGLAI.D $
MIDDLE ATLANTIC** I.16-1.60 1.39
SOUTH ATLANTIC 2 I.15- .27 .21
E. NORTH CENTRAL 33 1.17- .67 1.23
W. NORTH CENTRAL 9 110- .31 20
SOUTH CENTRAL 1.1 .27 1.18
NORTH WEI:.TERN 1 0.97- .15 1.06
SOUTH WE3TERN 13 C.88-1.28 1.17
U.S. AG. AUG 1934,4 i 3 --,T--77 r __ 2 ~_____-
U.S. JULY 1I34 138 0.85-1.50 1.09
U.S.AU._ ___ .84-. _____4 1 ..10______
*NJOTE: BEG I ;'NINCG 'I!TH THIS ISSUE, THE I INFORMATION CARRIED IN THE bODY OF THIS TABLE
APPLIES TO THE -REVlI O'JFS MONTHi RATHER THAN THE CURRENT MONTH. SUCH A CHANGE IS MADE
BECAUSE OF THE ;ACT THAT I'N:CR THi PROV I ', S OF THE EVAPORATED MILK MARKET ING
AGREEMENT 'NW 1,' EFFECT, I.:OST 'AAN'JFACTIJERS CALCULATE PRI P'7E- PAID PRODUCERS BY
FORMULAS WHICH H TA; QUOTAT IONS. IHE' E AVERAGES \RE rNOT AVAILABLE ,,T THIS TIME.
PRICES PAID ";ODUCER-S ACCORDING Tr GEOGRAPHIC SECTIONS OUTLINED IN EVAPORAT-
ED MILK V;ARKLTIN"G AG\REEME'JT. ___
AU__ UST 134 JULY 1934 AUGUOT 1933
SECTION I i.23 1. 11 $-.- 14
S1.3 1.29 1.39
3 1.18 1.01 1.05
4 .06 0.5 0.93
.5 105 0.5 1.06
1.21 1.09 1.01
U.S. AVERACE 1.21 1.09 I.C _

NET WHOLESALE SELF.LI N PRICES IN C,:RLOTS F.0.B. DISTRIBUTI NG FCINT3 A'JUST 1?34
(CASE cooCs)
THE WHOLESALE --'RICES GIVEN iTELOW / RE BACED ON THE REPORTS rMADE BY MANUFACTURERS
COVEkING ACT'Ji-L ,\LLS DELIVERED AT L'ANUF,ACTURER.' DISTRI OUTING POINTS ON BASIS OF
CASH OR SHOfIT TIiCE GC E,)IT.
SVAi*, '-TED f/ LK CON'DENISED MILK
F. 0. B. (PECA, or F 43 14 oz. cA\r,'s) (PE.R CAoE OF 48 14 oz. CANS)
__ RANGE A'VER..',GE RANGE AVERAGE
BOSTON* 5-.70 ---- 7 $4. 75--4.85 $82
NEW YORK CITY* 2.50-2.70 .58 4.2c-4.90 4.61
PH ILADELPHIA* 2.C-2.70 2.58 4.75-'.85 4.82
CHICAGO 2.40-2.60 2.4C 5.25 5.25
CLEVELAND 2.4'-2.60 2 47
ST. Louis 2.4'-?. 60 2.48
KANSAS CITY 2.0-2 ".49
MINNEAPOLIS-ST.PAUL 2.40-2.60 2.47
ATLANTA .40-2.60 2.4- -
NEW ORLEANS 42.4 '-2.60 2.4. 3.37-5.00 4.03
DENVER 2.45-2.60 2.4'
SEATTLE 5-. 2.52 -
SAN FRANCISCO 2.45 0 2. 5 4.90 4.90"
Los ANGELES '. 4-2. 60 2.50 4.90 4.30
SLA-ST M ONTH~i3 MINIMlUM PRICES FOR THESE 3 MARKETS SHOUI.D H-AVE EEN .50 INSTEAD OF
$2.40.
,AVERAGE .' "LEALF 3ELL.!N PR'CE ,.Y EOGRAP I C ECTICNS AUJGUT I_134 ____
EOGIAPSHIC JNSWC-TENED: E',AP.'.ATED S' ETENED CONDEMI';EP L'.'ECTE:C-D CONDENSED
SECTIONS (PF RCAr OrF PE CA or (jSE OF i CWT-_
scTO- l^; CANS) 48 14 OZ. CANS/ UNKIMSKID SKIMMED
NErv ErGLAND 2.59, $4.84 $6.85 $4.53
MIDDLE ATLANTIC 2.. 4.62 7.57 25
SO'TH ATILANTIC 2.54 4.93 6.85 4-.42
E. N. CENTi'AL 2.4 5.25 G.52 4.37
W. N. CENTRAL. 2.-9 6.64 4.55
SOUTH CENTrAL 2.51 4.46 o.85 4.60
NORTH WESTERN 2. :;4 r. 00 6.85 4. 0
SOUTH WESTEIRN 2.55__ _S 4.90 6.70 4.54
U. S. AVE:'AGGE
AUG. 1934 $2.53 $4.73 $6.8 $4.45
U A. AVERAGE
JULY 13 ,4 $2.53 $4.73 _$6.99 _-- 46
U. S. AVE..,,-GE
AuG. 1933 $2.54 $4.94 $7.30 4.6

EVAPORATED MILK STOCKS REDUCED HEAVILY IN AUGUST
THE CONDITION OF CANNED) ;'ILK PRODUCTION OF EVAPORATED CASE.IN
MARKETS THI -; M .NTH MAY HE DESCRII lED AS AUGUST REACHED A NEW HIGH RECORD FOR THAT
QUIET BUT STEADY, ACCORDING TO I:,FOR- MONTH. MANUFACTURERS' REPORTS INDICATE
MAT ION SUPPLIED THE U.S. BUREAU OF AN INCREASE OF 13 PERCENT aBOVE LAST
AGRICULTURAL ECONo.MICS. PRODUCTION HAS YEARS PRODUCTION, THE PREVIOUSS HIGH
SEEN UNUSUALLY HEAVY THE PAST TWO MONTHS, RECORD FOR AUGUST. JULY PRODUCTION SET A
AND SUPPLIES ,RE PLENTIFUL BUT NOT NEW HIGH FOR THAT MONTH ALSO, EXCEEDING
BURDENSOME. PRICES ARE GENERALLY JULY, 1933 B 102 MILLION POUNDS, AND THE
UNCHANGED, AS IHE PROPOSED REVISIONS OF HEAVY PACK OF JULY, 1-29 BY 3- MILLION
THE EVAPORATED MILK MARKETING AGREEMENT POUNDS. THE LIGH'f;- PRODUCTION IN THE
ARE STILL PENDING* EARLIER MONT).H' Or' THIS YEAR, HOWEVER,
(CONTINUED ON NEXT PARF)
SEPTEMBER. 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) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCT ON FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK CONDENSED MILK CONDENSED MI K
(___CASE GOODS) (CASE GOODS) (BULK GOODS
TOTAL STOCKS
TOTAL STOCKS ON SEPT. 1,1934 137,015,939 LBS. 17,432,461 Los. 8,692,364 LBS.
No. OF FIRMS REPORTING* 39 8 28
COMPARISON FOR SAME FIRMS:
SEPTEMBER I, 1934 168,616,453 LBS. 17,432,481 LBS. 8,692,364 LBS.
AUGUST I, 1934 205,544,860 LBS. 17,153,688 LBS. 9,165,262 LSS.
P CHANGE DURING MONTH -18.94 + 1.61l 5.13
FIRMS IN COMPARISON 38 8 28
SEPTEMBER I, 1934 161,897,875 LBS. 17,432,461 LBS. 7,966,601 LBS.
SEPTEMBER 1, 1933 177,536,394 LBS. 16,427,911 LBS. 10,971,761 LBS.
o CHANGE FROM PREV. YEAR 8.81 + 6. I -27.39
FIRMS IN COMPARISON* 34 8 25

PRODUCT ION
COMPARISON FOR SAME FIRMS:
AUGUST, 1934 167,286,156 LBS. 6,470,937 LBS. 9,029,849 LBS.
JULY, 1934 181,405,198 LBS. 5,752,397 LBS. 9,2?5,292 LBS.
SCHANGE DURING MONTH 7.78% +12.49/ 2.12%
FIRMS IN COMPARISON* 36 7 29
AUGUST, 1Q34 152,623,521 LBS. 6,470,937 Les. 8,127,884 LBS.
AUGUST, 1933 143,560,915 LBS. 4,241,406 LBS. 7,733,616 LBS.
0 CHANGE FROM PREV. YEAR +13.28e +52.57% + 5.10
FIRMS IN COMPARISON* 32 7 26
FINAL RE'/ISIONS FOR LAST MONTH:
TOTAL STOCKS ON AUG. I, 1234 205,544,860 LBS. 17,155,688 LBS. 9,921,362 LBS.
ESTIMATED TOTAL PRODUCTION
AUGUST 1934 175,125,000 LBS. 6,471,000 LBS. 12,954,000 LBS.
* FIRMS, NOT FACTORIES, SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

AUGUST JULY
1934 1933 1934 1933
TOTAL PURCHASES 347,457,822 LBS 316,568,999 LBS 384,056,168 Les 348,802,893 LBS
NUMBER OF PRODUCERS 92,474 84,982 92,297 83,819
AVERAGE DAILY
PURCHASES PER
PRODUCER 121.21 LBS 120.17 LBs 134.23 LSs 134.24 LBS
PERCENTAGE CHANGES
IN 1934 COMPARED + 0,87 0.01
WITH 1933
PERCENTAGE CHANGE IN AUGUCT 1934 COMPARED WITH JULY 1934 9.70
PERCENTAGE CHANGE IN AUGUST 1933 COMPARED WITH JULY 1933 -10.48
*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIRST PAGE)


MAKES THE TOTAL FOR THE CALENDAR YEAR
THROUGH AUGUST APPROXIMATELY 77 MILLION
POUNDS, OR 6 PERCENT BELOW THE CORRE-
SPONDING PERIOD OF 1933. AT THE END OF
JULY, THE CLANEDAR VEAR SHORTAGE WAS 97
MILLION POUNDS, OR OVER 8 PER CENT,

THE RECENT .INCREASES IN EVAPORATED
MILK PRODUCTION APPARENTLY REPRESENT A
RESPONSE TO THE STIMULUS OF UNUSUALLY
HEAVY TRADING WHICH TOOK PLACE DURING THE
PERIOD WHEN THERE WAS SOME TALK AS TO THE
POSSIBILITY OF PRICES ADVANCING. AS A
1 SELLINGG AHEAD, CERTAIN MANUFACTURERS ARE
PERHAPSS IN A MORE FAVORABLE POSITION THAN
OTHERS AT THIS TIME IN THE MATTER OF
STOCKS, ALTHOUGH ON THE WHOLE, STOCKS
SEEM TO BE CAUSING NO PARTICULAR CONCERN.
TOTAL STOCKS OF EVAPORATED CASE GOODS IN
MANUFACTURERS' HANDS ON SEPTEMBER I
AMOUNTED TO 167,000,000 POUNDS, WHICH
REPRESENTS A DECREASE OF ALMOST 9 PERCENT
UNDER SEPTEMBER I, 1933. THE AUGUST
REDUCTION OF STOCKS WAS OVER 36 MILLION
POUNDS, COMPARED TO AN AVERAGE AUGUST
REDUCTION DURING THE PAST FIVE YEARS OF
AROUND 21 MILLION POUNDS. IN THIS
CONNECTION, IT IS OF INTEREST TO NOTE
THAT DURING AUGUST LAST YEAR, STOCKS DID
NOT DECREASE AS USUALLY OCCURS, BUT
ACTUALLY INCREASED BY SOME 45 MILLION
POUNDS, WHICH WILL EXPLAIN WHY THE AUGUST
TRADE OUTPUT THIS YEAR SHOWS SO HEAVY AN






SEPTEMBER


INCREASE OVER A YEAR AGO.

CONDENSED MILK (CASE GOODS) PRO-
DUCT I N IN AUGUST WAS 52 PERCENT ABOVE
AUGUST, 1933, ALTHOUGH IN TERMS OF
ACTUAL VOLUME, THIS INCREASE WAS ONLY
SLIGHTLY MORE THAN 2 MILLION POUNDS.
STOCKS OF CONDENSED CASE ON SEPTEMBER I
OF 17g MILLION POUNDS WERE 6 PERCENT
GREATER THAN A YEAR EARLIER.

MANUFACTURERS WHO ARE LOOKING
FORWARD TO DEVELOPMENTS THE NEXT FEW
MONTHS POINT TO THE IMPORTANCE OF
CONSUMER PURCHASING POWER HOLDING UP IF
GOODS ARE TO BE KEPT MOVING. RETAIL
SALES ARE BEING PUSHED IN SOME QUARTERS
THROUGH SPECIAL ADVERTISING, AND THIS
HAS HELPED CONSUMPTION. THE PRODUCTION
SITUATION DURING THE FALL AND WINTER
MONTHS IS A MATTER OF CONJECTURE AT
THIS TIME, ALTHOUGH THERE IS KNOWN TO
BE A GENERAL SHORTAGE OF FEED. THE
MOST RECENT REPORTS FROM IMPORTANT
BUTTER AREAS WHERE CONDENSERIES
OPERATE EXTENSIVELY INDICATE THAT
PRODUCTION IS HEAVIER THAN A YEAR AGO,
WHILE IN SOME OF THE GATHERED CREAM
TERRITORY THERE HAVE BEEN UNUSUALLY
SHARP DECREASES.




-R( U934 V, 'Q_ -FL





-R 1934 DEPO"S- -y
--. DEP-- O Cf


LLtV6 VPL O Z9Zl C
Il 11111 I1111111111 I 111111 liii Il