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:
AA00013239:00043


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
OCTOBERR 19347


No. 132 WASHINTON, D.C.


OCTOBER 24, 1934


INrORMATION IN THIS MONTH'S REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDENSED MILK, OR BOTHi

PRICES PAID PRODUCERS FOR 3.5 VJILK F. 0. B. FACTORY FOR SEPTEMBER 1934*
NUMEER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
NEW ENGLAND $ -$ -
MIDDLE ATLANTIC 6 1.22-I.S6 1.39
SOUTH ATLANTIC 2 1.04-115 1.10
E. NORTH CENTRAL 84 1.12-1.79 1.17
W. NORTH CENTRAL 9 1.04-1.24 1.09
SOUTH CENTRAL 9 I.C4-I.14 1.05
NORTH WESTERN 10 101-1.23 .12
SOUTH WESTERN 19 0.97-1.34 1.26
U.S. SEPT. 1934 139 0.97-1.79 1.17
U.S. AUG. 1934 138 0.98-1.67 1.21
U.S. SEPT. 1933 7S 0.78-1.20 1.07
*NOTE: THE INFORMATION CARRIED IN THE BODY OF THIS TABLE APPLIES TO THE PREVIOUS
MONTH RATHER THAN THE CURRENT MONTH. UNDER THE PROVISIONS OF THE EVAPORATED MILK
MARKETING AGREEMENT NOW IN EFFECT, MOST MANUFACTURERS CALCULATE PRICES PAID PRO-
DUCERS BY FORMULLAS WHICH TAKE INTO ACCOUNT THE CURRENT MONTH'S AVEiRAGE WHOLESALE
BUTTER MARKET QUOTATIONS. THEf.E AVERAGES ARE NOT AVAILABLE AT THIS TIME.

PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.


SEPTEMBER IP34


AUGUST b34 SEPTEMBER 1934
A,.JG ST ll:,34


SECTION I $1.17 $ $1.13
2 1.3 .3''3 1.37
4 1.1 I .0S 0.85
5 1.11 1.05 0.98
.31 1.21 0.99
U.S. AVERAGE 1.17 1.21 1.09

NET WHOLESALE SELLING PRICES IN CARLOTS F.0.E. DISTRIBUTING POINTS SEPTEMBER 1934
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE CASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F. O. B.


BOSTON
NEW YORK CITY
PHILADELPHIA
CHicAGO
CLEVELAND
ST. LouI s
KANSAS CITY
MINNEAPOLI -ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
Los ANGELES


EVAPORATED M LK
(PER CASE OF 48 14 oz. CANS)
RANGE I AVERAGE


$2 50-2.70
. 50-2.70
2.50-2.70
S40-2. 50
2 40-2.6 O
2.40-2.60
2.40-2.60
2.40-2.60
2.45-2.60
2.45-2. 60
2.45-2.60
2.40-2.60
2.45-2.60
2.45-2.0


$2.60
2.59
2.60
2.49
2.50
2.50
2.52
2.50
L.
2.52
2.54
2.55
2.53


CONDENSED MILK
(PER CAqE OF 48 14 oz. CANS)
RANGE AVERAGE


$4. b-4.8
4.26-4.90
4.75-4.85
5.25




3.87-5.00

4.90
4.90


$4.82
4.61
4. 2
5.25




4.06

4.90
4.90


AVERAGE


NEW ENGLAND
MIDDLE ATLANTIC
SOUTH ATLANTIC
E. N. CENTRAL
W. N. CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN


U. S. AVERAGE
SEPT. 1934


WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS
UNSWE TENED EVAPORATED SWEETENED CONDENSED
(PER CASE OF (PEr CASE OF
48 14 oz. CANS) 48 14 oz. CANS)


$2.5S
2.57
2.56
2.50
2.50
2.52
2.54
2.55


$2. 54 i


$4.84
4.62
4.93
5.25

4.46
4.90
4.90


,4- 73


- SEPTEMBER 1934
SW ETENED CONDE:NSED
(BULK P'.R CWT.)


UNSKIMMED


$7.00
6.95
7.00
6 47
6.75
7.00

6.80
R- 77


SKI MMED
$4.46
4.31
4.75
4.31
4.C5
4.75
4.75
4.85

$4. 50


U. S. AVERAGE
AUG. 1234 $2.53 $4.73 $6.83 $4.45
U. S. AVERAGE
SEPT. 1933 ___ $2.55 $4.94 $7. 14 _$4.61


EVAPORATED MILK MARKET STEADY HEAVY TRADE OUTPUT


NO CHANGES OF PARTICULAR IMPORTANCE
APPEAR TO HAVE OCCURRED IN EVAPORATED
MILK MARKETS DURING THE PAST MONTH. THE
TONE OF THE MARKET IS STEADY, WITH PRICES
SHOWING NO CHANGES OF ANY CONSEQUENCE.
THERE HAS BEEN SOME DISCUSSION IN THE
TRADE REGARDING THE POSSIBILITY OF THE
MARKETING AGREEMENT BEING AMENDED TO
PROVIDE FOR A NEW SCHEDULE OF WHOLESALE
SELLING PRICES, BUT NO OFFICIAL APPROVAL
HAS DEEN GIVEN TO SUCH A CHANGE.


PRODUCTION IN SEPTEMBER FOLLOWED
THE USUAL SEASONAL TENDENCY DOWNWA;;D, AS
COMPARED WITH THE PREVIOUS MONTH> WITHi A
DROP UNDER AUGUST AMOUNT NG TO IS.G PER
CENT. IN FELATICN TO SEPTEMBER 1933,
HOWEVER, THEiFE WAS AN INCREASE OF 12.9
PERCENT, mPPRlOX I r,1ATFLY THE .3AME
PERCENTAGE CHANGE WITH RESPECT TO THE
PREVIOUS YEAR AS OCCURRED IN AUGUST. IN
TERMS OF VOL'.ME, THE ESTIMATED INCREASE
IN SEPTEMBER OVE' SEPTEMBER 1933 WAS


(CONTINUED ON NEXT PAGE)

OCTOGER 1934


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PAGE 2
STOCKS AND -PODUCT ICN OF EVAPORATED AND CONDENSED V ILK
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 OF; CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK CONDENSED MIl.K CONDENSED MI K
(CASE GOODS) (CASE GOODS) (BULK GOODS)

TOTAL STOCKS
TOTAL STOCKS ON OCT. 1, 1934 175,128,759 LBS. 15,891,476 LBS. 8,922,624 LBS.
NO. OF FIRMS REPORTING* 40 8 30
COMPARISON FOR SAME FIRMS:
OCTOBER I, 1934 172,858,373 LaB. 15,891,476 LBS. 8,922,924 LBS.
SEPTEMBER 1, 1934 167,863,992 LBS. 17,432,461 LBS. 8,961,790 LsS.
SCHANGE DURIMG MONTH + 2.98% 8.84% 0.43z
FIRMS IN COMPARISON 39 8 30
OCTOBER I, 1934 169,206,404 Las. 15,891,476 LES. 8,204,406 LBS.
OCTOBER 1, 1933 208,493,238 Lss. 14,683,251 LES. 9,807,630 LBS.
CHANGE FROM PREV. YEAR -18.84, + 8.23fo -16.35/
FIRMS IN COMPARISON* 35 8 27

PRODUCT I ON
COMPARISON FOR SAME FIRMS:
SEPTEMBER, 1934 139,432,832 LBS. 4,136,135 LBS. 8,733,176 LBS.
AUGUST, 1934 167,341,737 LBS. 6,470,937 LBS. 8,837,276 LBS.
CHANGE DURING MONTH -C.68 -36.08'4 1.18I
FIRMS IN COMPARISON* 37 7 31
SEPTEMBER, 1934 135,929,577 LES. 4,136,195 LBS. 7,935,882 LBS.
SEPTEMBER, 1933 120,370,736 LBS. 3,444,029 Las. 9,223,346 LBS.
CHANGE FROM PREV. YEAR +12.C33 +20.10 -13.96
FIRMS IN COMPARISON* 33 7 28
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON SEPT. 1,1934 17,863,392 LBS. 17,432,481 LBS. 9,210,198 LBS.
ESTIMATED TOTAL PRODUCTION
SEPTEMBER 1934 143,130,000 LBS. 4,136,000 Los. 12,090,000 LBS.
*FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

SEPTEMBER AUGUST __
1__ 34 133 1334 133Z
TOTAL PURCHASES 301,601,491 LBs 270,371,024 LoS 347,457,822 LBS 316,568,930 LBS
NUMBER .OF PRO.DUCERS 94,477 87,694 92,474 84,982
AVERAGE DAILY
PURCHASES PER
PRODUCER 106.41 LBS 102.77 LOS 121.21 LBS 120.17 LBS
PERCENTAGE CHANGES
IN 1934 COMPARED + 3.54 + 0.87
WITH 1933
PERCENTAGE CHANGE IN SEPTEMBER 1934 COMPARED WITH AUGUST 1934 -12.21
PERCENTAGE CHANGE IN SEPTEMBER 1933 COiPARED WITH AUGUST 1933 -14.48
THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIR3T PAGE)


APPROXIMATELY 16 MILLION POUNDS. THI,
INCREASE, HOWEVER, TOGETHER WITH INCR:CASES
OVER THE CO'RFSPONDING PERIODS OF LAST
YEAR WHICH OCCURRED I N JULY AND AUGUST,
WERE NOT SUFFICIENT TO OFFSET DECREASES
IN PRECEDING MONTHS, SO THAT THE NCT
CHANGE UNDER 1933 FOR THE CALENDAR YEAR
UP TO OCTOEER I IS AN ESTIMATED DECREASE
OF 4 PERCENT, REPRESENT I N- CLOSE TO 60
MILLION POUNDS. IT IS OF PARTICULAR
INTEREST TO NOTE THE EVAPORATED MILK
PRODUCTION TREND OF THE PAST FEW MONTHS,
AS COMPARED WITH LAST YEAR. SUCH A STUDY
REVEALS THAT DESPITE THE DROUGHT
CONDITIONS, WHICH TO SOME DEGREE AFFECTED
MANY OF THE PRINCIPAL DAIRY AREAS,
EVAPORATED MILK PRODUCTION SINCE JUNE HAS
ACTUALLY GAINED IN VOLUME OVER 16'33. IN
SEPTEMBER, AVERAGE DAILY DELIVERIES PER
PRODUCER TO CONDENSERIES WERE 3.5 PERCENT
HEAVIER THAN IN SEPTEMBER 1933. FURTHER-
MORE, THE DROP UNDER AUGUST IN AVERAGE
DAILY DELIVERIES PER PRODUCER DURING
SEPTEMBER WAS LESS THIS YEAR THAN LAST.

TOTAL STOCKS OF EVAPORATED MILK
IN MANUFACTURERS' HANDS ON OCTOBER I
AMOUNTED TU 175,129,000 POUNDS. COMPARED
WITH OCTOBER I 1933, THIS WAS A
REDUCTION OF I1.8 PERCENT, BUT ON THE
OTHER HAND, IT REPRESENTED AN INCREASE
OF ALMOST 3 PERCENT OVER STOCKS OF
SEPTEMBER I. IN TERMS OF POUNDS,'THIS
INCREASE BETWEEN SEPTEMBER I AND OCTOBER I
WAS 5 MILLION POUNDS, AND WHILE DURING


SER-TEMF;ER LAST YEAH THERE WAS AN INCREASE
OF 31 MILLION POUNDS, OR 17.4 PERCENT,
,, :. .NCE TO FIGURIRL FOR OTHER PREVIOUS
YEAS REVEALS THAT FOR THE IVE-YEAR
PERIOD (1929-1933 INCLUSIVE) THE CHANGE
WAS NOT AN INCREASE, 3UT AN AVERAGE
CEDE'CTION DURING SEPTEMBER OF IG MILLION
POUNDS.
ALONG WITH A CONSIDERATION OF
CURRENT PRODUCTION AND STOCKS, IT IS
DESIRABLE TO INCLUDE ALSO THE MOVEMENT
OF EVAPORATED MILK INTO CONSUMING TRADE
CHANNELS. IN AUGUST THE INCREA-:ED TRADE
OUTPUT OVER AUGUST, 1933 WAS 102 MILLION
POUNDS, OR 96 PERCENT, AND AGAIN IN
SEPTEMBER A HEAVY INCREASE OCCURRED,
APPROXIMATING 40 MILLION POUNDS, OR 42
PERCENT. THIS HEAVY MOVEMENT INTO
WHOLESALE AND RETAIL TRADE CHANNELS HAS
BEEN-A MATERIAL FACTOR SUPPORTING EVAPC-
RATED MILK M.tI. KETS.

PRODUCTION OF CONDENSED CASE IN
SEPTEMBER SHOWED A 38.0 PERCENT
REDUCTION UNDER AUGUST BUT WAS 20.0 PER
CENT GREATER THAN A YEAR EARLIER. TOTAL
AMOUNTS PRODUCED, HOWEVER, CONTINUES TO
BE RELATIVELY SMALL, AC COMPARED WITH
EVAPORATED MILK. STOCKS OF CONDENSED
CASE 3N OCTOBER I TOTALING APPROXIMATELY
16 MILLION POUNDS WERE 3 PERCENT HEAVIER
THAN A YEAR EARLIER. APPARENT CONSUMPT-
ION OF THIS CLASS OF GOODS FOR THE
CALENDAR YEAR ALSO EXCEEDS THAT OF LAST
YEAR.


Cl66 lll90 Zl

IIIIIIIII III IIIIIIIIIIIII IIiI !IiIIIIIIIII


OCTOBER 1934


UNIV. DOF FL Lil.





U.S. DEPO TORY




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