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:
AA00013239:00044


This item is only available as the following downloads:


Full Text
UNIT:- ;TATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRI CULTURAL ECONOMICS
VARKT NE:.'S SERVICE
'rOTHLY EVAPORATED A!;D CO"NDENSED VILK MARKET REPORT
(NOVEM:.LE 1934)
ALL:


P~ASHI NTON. ).C~.


NovEMBER 22 1934


INFORMATION IN THIS MONTH'S REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CA;.E GOO'S EVAPORATED MILK OR CONDENSED VILK, CR BOTH.

PRICES PAID PRODC: ERS FOR 3.5c MILK F. C. B. FACTORY FOR OCTOBER 1934*
GEOGRAPHIC SECTIONS NUMR O FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
RE,-PORT ING RANGE AVERAGE
NEW ENGLAND $ $
MIDDLE ATLAN:TIC 6 1.23-1.64 .39
SOUTH ATLANJTIC 2 1.09-1.15 1.12
E. NORTH CCNTRAL 85 1.13-1.38 1.20
'V. NORTH CENTRAL 1.08-1.25 1.13
SOUTH CENTRAL 9 1.08-1.14 1.09
NORTH WESTERN 10 I.C- I.25 1.18
,OUTH WESTERN 19 1.C4- .39 1.30
U.S. OCT. 134- 140 1.04-1.68 1.20
';.S. SEPT. IS34 139 0.- 7-I.709 1.17
J.S. OCT. 1933 132 0.75-1 .4 1.10
":-OTE: THE INFORN.-',TION CARRIED IN THE FODY OF TI4S TABLE APPLIES TO THE PREVIOUS
.'ON.TH RATHER THAN THE CURRENT MONTH. UNDER THE PROVI IONS OF THE EVAPORATED MILK
MARKETING AGREEH'ET rOW IN EFFECT, .;OST M;kNU- ACTUR:. R CALC:JLATE PRI CS PAID PRO-
DUCERS BY FORMULLAS WHICH TAKE INTO ACCOUNT THE C'! RREI ET MONTHH S AVERAGE WHOLESALE
BUTTER MARKET QUOTATIONS. THESE AVERAGES ,,'RE ,-'OT AVAILABLE: AT THIS TIME.


PRICES PAID PRODUCERS ACOORDIN: TO 'EOGRAPr IC S:-CTIONS OUTLINED IN EVAPORATED
'ILK MARKETING AGREEMENT.


SECT I ON
11
II
II
II


U. S. AVERAGE


OCTOEFR 1 -


*1 ---I-----


I 1.17
1.39
I.06
1.12
1.31
1.31


S.20 1.17


OCTOBER 1933
$1.14
S1.36
1.00
0.85
1.01
0.98


1.10


NET WHOLESALE SELLING PRICES IN CARLOTS F.3.2. DISTRIBUTING POINTS OCTOBER 1934
(CASE GOODS)
THE WHOLESALF PRICES ,I VEN BELOW ARE ASCED ON THE REPORTS UADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT,


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS
KANSAS CITY
MINNEAPOLIS-ST
ATLANTA
NEW' ORLi/NS;
DENVER
SEATTLE
SAJ FANcC I SCO
Los ANGELES


EVAPO:CATED LK
(PER CA:E OF 4O 14 C OZ. CA'S)


RN\NG


______ __________ --A P I


$2.58
2.58
2. 57
2.47
2.49
2.49
2.43
2.49

2.50
2.50
2.54
2.:2
2.52-


$V.53-2. 0
2.50-2.70
2.50-2.70
2.40-2.70
2.40-2.C70
2.40-2.60
2.40-2. 0
2.40-2.eo
2.40-2.60
2.40-2.60
2.40-2. 0
2.45-2.O0
2.45-2.C0
2.45-2. O
2.45-2.60


CONDENSED MILK
(PER CASE Or 48 14 OZ. CANS)


$4.75-4.85
4.26-4.30
4.75-4.85
5.25




3.87-5.00

4.90
4.90


AVERAGE
$4.82
4.63
4.82
5.25




4.01

4.90
4.90


AVERAGE '.HCLESALE SELLING PRPI CE


NEt',1 ENGLAND
M DDLE ATLAIT I C
RO ITH ATLANT I C
N, CENTRAL
W. N. CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN
U. S. AVERAGE
OCT. 1I-34


UNSWEETENED EVAPOrATED
(PFR CASE 0-
43 141 oz. CANS)
$2.58
2.56
2.40
2.49
2.50
2.54
2.53


$2.5'7


'' .RAPHIC SECTIONS OCTOBER 1934
ETEFTEiN ED CO" `'- EEC S EETENED CONDENSED
(PFR CACE OF (3'LK PER CWT.)
13 14 oz. CM:s) UNSKIM'MED SKIMMEk__ED
'$4.4 $6.55 $4.33
4.62 7.57 4.28
4.93 6.80 4.55
5.25 6.56 4.24
6.56 4.48
4.46 6. 5 4.55
4.90 6.85 4.79
4.90 6.71 4.50


.$4 73


6-95


1$4.'41


U. S. AVERAGE
SEPT. 1934 $2.54 4 $4.73 $6.77 $4.50
U. S. AVERAGE
OCT. 1933 $2.57 $4.94 $7.10o $4.59

EVAPORATED VILK STOCKS LARGE PRODUCTION HEAVY


EACH MONTH SINCE JUIJE THE PRO-
DUCTION OF EVA.'ORATED MILK (CASE GOODS)
HAS REACHED NE'W HIGH RECORDS, EXCEEDING
THE QUANTITIES MANUFACTURED IN THE CORRE-
SPONDING MONTHS OF ANY PREVIOUS YEAR.
ESTIMATED PRODUCTION IN OCTOBER OF
138,000,000 POUNDS REPRESENTS AN INCREASE
OF ALMOST 25,000,000 POUNDS, OR 22 PER
CENT OFFER OCTOBER 1933, AND AN INCREASE
OF 37,000,010- POUNDS, OR 36 PERCENT OVER
THE AVERAGE OCTOBER PRODUCTION DURING THE
PAST FIVE YEI.RS. THERE WAS MORE THAN THE
USUAL PREDICTION UNDER SEPTEMBER, BUT IN
VIEW OF THE HEAVY PACK DURING RECENT
MONTHS, OCTOBER STILL REMAINED FAR ABOVE


AVERAGE.

ALONG WITH THIS INCREASE IN PRO-
DUCTION THERE HAS BEEN A HEAVY PILING
UP CF STOCKS IN MANUFACTURERS' HANDS.
REPORTED STOCKS ON NOVEMBER I OF
215,609,000 POUNDS ARE SOME 26,000,000
POUNDS LESS THAN A YEAR EARLIER, BUT
INDICATE AN INCREASE OF OVER 25,000,000
POUNDS DURING THE MONTH OF OCTOBER.
STOCKS INCREASED ALSO IN OCTOBER 1933,
BUT THE AVERAGE OCTOBER CHANGE IS A
SLIGHT REDUCTION.


THE!


RE IS NO NOTABLE CHANGE IN THI


(CONTINUED ON NEXT PAGE)
NOVEVEER 1934


No. 183


I 1


F. 0. B.


.PAUL


T-


--


"'


--


.


AVERACE


1





PAGE 2
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PROMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENT; AND WHETHER SOLD OR 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.


TOTAL STOCKS ON Nov. I, 1934
NO. OF FIRMS REPORTING*


EVAPORATED MILK CONDENSED MILK CoNDENSED MI IK
(CASE GOODS) (CSE GODS) (BULK GOODS
TOTAL STOCKS
215,699,918 LBS. 13,554,769 LBS. 9,412,661 LBS.
39 8 31


COMPARISON
NOVEMBER
OCTOBER
eo CHANGE
FIRMS IN
NOVEMBER
NOVEMBER
o CHANGE
FIRMS IN


FOR SAME FIRMS:
I, 1934
1, 1934
DURING MONTH
COMPARISON
I, 1934
I, 1933
FROM PREV. YEAR
COMPARISON*


COMPARISON FOR SAME FIRMS:
OCTOBER, 1934
SEPTEMBER, 1934
% CHANGE DURING MONTH
FIRMS IN COMPARISON*
OCTOBER, 1934
OCTOBER, 1933
v CHANGE FROM PREV. YEAR
FIRMS IN COMPARE ISON*


215,699,918 LBS.
175,128,759 LBS.
+23.17%
39
208,730,952 LBS.
234,664,949 LBS.
I I.05a
34



133,274,984 LBS.
141,254,400 LBss
5.65e.
38
129,032,571 LBS.
105,815,266 LBS.
+21.940
33


13,554,769 LBS.
15,891,476 LBS.
-14.70%
8 ..
13,554,769 LBS.
13,198,193 LBS.
+ 2.70L
8

PRODUCTION

4,076,491 LBS.
4,136,195 LBS.
1.44Z
7
4,076,491 LBS.
4,036,493 LBS.
+ 0.99%
7


9,412,661 LBS.
9,375,510 LoS.
+ 0.40%
31
8,812,805 LBS.
10,421,800 LBS.
-15.44%
29



9,217,478 LBS.
9,443,060 LBS.
2.39%
31
8,603,524 LBS.
9,896,024 LES.
-13.06'
29


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON OCT. 1,1934 175,128,759 LBS. 15,891,476 LBS. 9,475,602 LBS.
ESTIMATED TOTAL PRODUCTION
OCTOBER 1934 138,107,000 LBS. 4,076,000 LBS. 12,615,000 LeS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
AVERAGE DA!LY PURCHASES PER PRODUCER*

OCTOBER SEPTEMBER
____1934 1933 1934 1933
TOTAL PURCHASES 283,258,560 LBS 257,1I4,333 LBS 301,601,491 LRS 270,371,024 LBS
NUMBER OF PRODUCERS 93,383 88,010 94,477 87,694
AVERAGE DAILY
PURCHASES PER
PRODUCER 99.58 LBS 94,25 Les 10.41 LBS 102.77 LBS
PERCENTAGE CHANGES
IN 1934 COMPARED + 5.66 + 3.54
WITH 1933


PERCENTAGE CHANGE
PERCENTAGE CHANGE


IN OCTOBER 1934 COMPARED WITH SEPTEMBER 1934
IN OCTOBER 1933 COMPARED WITH SEPTEMBER 1933


- 6.42
- 8.29


* THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIRST PAGE)


TONE OF THE MARKET. A SLIGHTLY UNSETTLED
FEELING HAS EXISTED IN SOME QUARTERS, BUT
THIS HAS BEEN OFFSET BY THE STRENGTH
ADDED BY BUTTER MARKETS. WHOLEC'SLE
SELLING PRICES OF EVAPORATED MILK REMAIN
UNCHANGED, SEEING FIXED BY THE VR',PORATED
MILK MARKETING AGREEMENT. THE POSSI-
BILITY OF THE WHOLESALE SELLING PRICE
SECTION OF THE AGREEMENT BEING PhMCDED TO
GRANT A PRICE INCREoSE CONTINUES ;O BE
THE SUBJECT OF CONSIDERABLE COMMENT IN
THE TRADE, BUT WHILE COUCH A MATTER IS
BEING GIVEN CONSIDERATION, NO WCDIFICA-
TION OF PRICES HAS AS YVT BFEN APPROVED
BY THE AGRICULTURAL ADJUSTMC-!IT
ADMINISTRATION. PRICES -O PRODUCERS
UNDER THE TERMS OF THE AGREEMENT ARE
BASED PARTLY UPON WHOLESALE BUTTER MARKET
QUOTATIONS, AND ACCORDINGLY HAVE ADVANCED
SOMEWHAT.

THE MOVEMENT OF EVAPORATED MILK
INTO TRADE CHANNELS HAS BEEN VERY HEAVY
DURING RECENT MONTHS, AND THE LAST
QUARTERLY REPORT OF STOCKS IN WIin lFALE
GROCERS' tA kDt An Or SEi.IEtAnFP 30 SuoW


AN INCREASE OF 27 PERCENT OVER JUNE 30,
WHILE DURING THE CORRESPONDING PERIOD OF
1933, THE'IE WAS A DECREASE OF ALMOST
II PERCENT. THE FiVE-YEAR AVERAGE
CHANGE FRO.'O JUNE 30 TO SEPTEMBER 30 IS
A 16 PEPCEN:T INCREASE. THE HEAVIER
INCREASE THIS VEAR MAY HAVE BEEN PARTLY
DUE TO ANTICIPATION OF A WHOLESALE PRICE
ADVANCE, ALTHOUGH THERE APPARENTLY HAS
BEEN A HEAVY MOVEMENT OF EVAPORATED MIl '
INTO DIRECT CON>'UMTPTION. FOR THE
CALENDAR YEAR TO NOVEMBEER I, THE TPAOE
OUTPUT OF EVAPORATED MILK BY MANU-
FACTURERS INCREASED AROUND 90,000,000
POUNDS OVER THE CORRESPONDING PERIOD
OF 1933.

CONDENSED CASE PRODUCTION IN
OCTOBER WAS ABOUT THE SAME AS LAST YEAR,
AND STOCK WERE SLIGHTLY HEAVIER. THE
IMPORTANCE OF THIS PRODUCT AS TO VCIJ:ME,
COMPARED WITH EVAPORATED MILK IS
INDICATED BY PRODUCTION, WHICH IN
OCTOBER WAS APPROXIMAlELV 4,000,000
POUNDS WHILE EVAPORATED CA-; PRjODUCTION
WAR l31 ,Y, CM mi,




UNIV. OF FLI LIS.
DOCUMENTS DEPTH.




U.. DEPOITORY


NOVEMBER 1934


9Q96 mtC ll0 Z9ZlI
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