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UF UFIR



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/AA00013239/00045
 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: AA00013239:00045

Full Text


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(DECEMBER 1934)

No. 184 WASHINGTON, D.C .. DECEMBER 21 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 NOVEMBER 1934*


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
NEW ENGLAND -
MIDDLE ATLANTIC 6 1.26-1.81 1.52
SOUTH ATLANTIC 2 1.20-1.25 .23
E. NORTH CENTRAL 85 1.15-1.56 1.31
W. NORTH CENTRAL 9 1.20-1.35 126
SOUTH CENTRAL 9 1.23 .23
NORTH WESTERN 10 1.20-1.44 1.31
SOUTH WESTERN 19 1.09-1.51 1.42
U.S. NOV. 1934 140 1.09-1.56 1.32
U.S. OCT. 1934 140 1.04-1.68 1.20
U.S. NOV. 1933 130 0.80-1.81 1.08
*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 FORMULAS WHICH TAKE INTO ACCOUNT THE CURRENT MONTHS AVERAGE WHOLESALE
BUTTER MARKET QUOTATIONS. THESE AVERAGES ARE NOT AVAILABLE AT THIS TIME.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
NOVEMBER 1934 OCTOBER 1934 NOVEMBER 1933
SECTION I $1.31 $1.20 $1.13
2 1.52 1.39 1.42
3 1.23 1.10 0.97
4 1.32 1.18 0.86
5 1.29 1.17 0.97
6 1.48 1.35 0.99_
U. S. AVERAGE 1.32 1.20 1.08

NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B, DISTRIBUTING POINTS NOVEMBER 1934
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERSI DISTRIBUTING POINTS ON BASIS OF


CASH OR SHORT


F. 0. B.


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS
MINNEAPOLIS-ST.
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
.SAN FRANCISCO
Snos ANLS fc-


IME CREDIT.


PAUL


EVAPORATED MJLK
(PER CASEOF 48 142 oz. CANS)


RANNF-


AVERAGE


CONDENSED MILK
(PER CASE OF 48 14 oz. CANS)


RANGE


-- "- 3 -- _____________ -t-


$2.50-2.70
2.50-2.70
2.50-2.70
2.40-2.60
2.40-2.60
2.40-2.60
2.40-2.60
2.40-2.60
2.45-2.60
2.45-2.60
2.45-2.60
2.45-2.60
2.45-2.60
2 45-2. 60


$2.58
2.58
2.58
2.49
2.49
2;49
2.49
2.48
2.50
2.50
2;50
2.53
2,53
2.54
2 62


$4.75-4.85
4.26-4.90
4.75-4.85
5.25




S3.87-5.00

4.90
4. .9


AVERAG':"-


$4.82
4.63
4.82
5.25




4.00

4.90
4.90


r ..--V C. -.
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS NOVEMBER 1934
UNSWE TENED EVAPORATED SWEETENED CONDENSED ) SWEETENED CONDENSED
(PER CASE OF (PER CASE OF BULK:PER.CWT,)
48 -14- oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.58 $4.84 $6.85 $4.35
MIDDLE ATLANTIC 2.56 4.62 744 4.27
SOUTH ATLANTIC 2.55 4.93 6.85 4.60
E. N. CENTRAL 2.48 5.25 6.52 4.28
W. N. CENTRAL 2,49 6.68 4.56
SOUTH CENTRAL 2.50 4.46 6.85 4.60
NORTH WESTERN 2.53 4.90i 6.66 4.60
SOUTH WESTERN 2.54 4.90 6.71 4.50
U. S. AVERAGE I
Nov. 1934 $2.53 $4.73$ $6.80 $4i42
U. S. AVERAGE
OCT. 1934 $2.53 _$4.73 $6.95 $4.50


U. S. AVERAGE
Nov. 1933


4s-q5


______ ri '4'- '-.- '1' - -- -


$7.20


$4.67


PRODUCTION AND TRADE OUTPUT


OF EVAPORATED MILK HEAVY


A CONTINUED HEAVY PRODUCTION OF DECEMBER I ABOUT THE SAME AS DURING THE
EVAPORATED MILK (CASE GOODS) IS REVEALED CORRESPONDING PERIOD OF 1933, WHEREAS IN
IN THE REPORTS COMPILED FOR NOVEMBER BY PRECEDING MONTHS THE ACCUMULATED TOTAL
THE BUREAU OF AGRICULTURAL ECONOMICS, SINCE JANUARY I HAD SHOWN SUBSTANTIAL
WHICH SHOW AN INCREASE OF 40 PERCENT OVER DECREASES. 'MOST OF THE PREVIOUS HEAVY
THE PRODUCTION DURING NOVEMBER 1933. THE SHORTAGE UNDER 1933 WAS DUE TO RELATIVELY
ESTIMATED NOVEMBER PACK THIS YEAR WAS LIGHT FACTORY OUTPUT DURING THE EARLY
APPROXIMATELY 103,000,000 POUNDS, WHICH MONTHS OF THIS YEAR, JULY BEING THE FIRST
IS A NEW-NOVEMBER HIGH, EXCEEDING THE MONTH IN 1934 WHICH EXCEEDED A YEAR
PREVIOUS RECORD REACHED IN NOVEMBER,1932, EARLIER. 'AT THE END OF JUNE, FOR EXAMPLE,
BY 11,000,000 POUNDS, AND EXCEEDING THERE WAS A SHORTAGE IN PRODUCTION UNDER
NOVEMBER LAST YEAR BY 30,000,000 POUNDS. THE JANUARY TO JULY PERIOD OF LAST YEAR
THIS HEAVY PRODUCTION LAST MONTH MAKES AMOUNTING TO 110 MILLI-ON POUNDS, OR 11
THE TOTAL FOR THE CALENDAR YEAR TO PERCENT. SINCE JUNE, THE SWING HAS BEEN
(CONT I NUED: ON NEXT PAGE)
DECEMBER 1934


I
I


t2 SR






PAGE 2
STO-CS A':D PROD ACTION OF EVAPORATED AND CONDENSED MiILK

TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONS I GNMENT; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DEL IVERED.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING G THE CLASSES OF MILK INDICATED.


EVAPORATED MILK
(CASE GOODS)


CONDENSED MILK
(CASE GOODS)


C NDENSED MILK
(BULK GOODS)


TOTAL STOCKS ON DEC. 1934
NO. OF FIRMS REPORTING*


COMPARISON
DECEMBER
NOVEMBER
o CHANGE


FOR SAME FIRMS:
1, 1934
I, 1934
DUR I NG MONTH


FIRMS IN COMPARISON
DECEMBER 1, 1934
DECEMBER I, 1933
o CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*

COMPARISON FOR SAME FIRMI:
NOVEMBER, 1934
OCTOBER, 1934
o CHANGE DURING MONTH
FIRMS IN COMPARISON*
NOVEMBER, 1934
NOVEMBER, 1933
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


203,202,023 LBS.
40


203,185,023 LBS.
215,699,913 LBS.
5.8C%
39
196,450,113 LBS.
225,040,450 LBS.
-12.70%
34



99,794,775 LBS.
133,274,984 LsS.
-25. 12f
38
97,196,30.1 LBS.
69,166,285 LBS.
+40.53%
33


TOTAL STOCKS
11,236,161 LOS.
8


11,236,161 LBS.
13,554,769 LBS.
-17.11,
8
11,236,161 LBS.
10,783,419 LBS.
+ 4.20%
8


PRODUCTION


4,830,550 LOS.
4,076,491 LOS.
+18.50%
7
4,830,550 LBS.
4,014,277 LBS.
+20.33/
7


9,131,506 LeS.
34


8,903,717 LBS.
9,139,571 LBS.
2.58%
31
9,130,506 LBS.
9,784,412 LBS.
6.68o
33



6,988,109 LBS.
9,015,564 LBS.
-22.490
30
6,973,722 LBS.
6,774,394 LeS.
+ 2.946
29


FI AL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON NOV. 1, IS34
ESTIMATED TOTAL PRODUCTION
NOVEMBER 1934


215,639,918 LsS.

.103,419,000 LBS.


9,416,753 LBS&

4,891,000 LBS.


13,554,769 LBS.

11,052,000 LBS.


* FIRMS, NJOT FACTORIES'. SOME FIRMS OPF-PATE MORE THAN ONE FACTORY.
AVERAGE DAILY PURCHASES PER PRODUCER*

NOVEMBER OCTOBER
1934- __1933 1934 1933
TOTAL PUt,'CHASES 243,375,3639 Las 205,429,951 LBS 283,258,560 LBS 257,154,333 Les
NUMBER OF PRODUCERS 91,2339 84,875 93,383 88,010
AVERAGE DA ILY
PURCHASES PER
PRODUCER O8.91 Ls 80.70 LBS 99.58 LeBS. 94.25 LeS


PERCENTAGE CHANGES
IN 1934 COMPARED
WITH 1933


+ 10.17


+ 5.66


PERCENTAGE CHANGE IN NOVEMBER 1934 COMPARED WITH OCTOBER 1934 - 10.72
PERCENTAGE CHANGE IN NOVEMBER 1933 COMPARED WITH OCTOBER 1933 - 14.38
*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND COIIDENSED MILK.
(CONTINUED FROM FIRST PAGE)


ALMOST AS MUCH IN THE OPPOSITE DIRECTION.
RECENT INCREASES IN PRODUCT ION
HAVE HAD NO DEPRESSING EFFECT ON THE
MARKET, FOR THE REASON THriT THE MOVEMENT
OF EVAPORATED MILK INTO TRADE CHANNELS
HAS BEEN VERY HEAVY. JP TO THE F I RT OF
NOVEtABER THERE WAS A CALENDAR YEAR
INCREASE IN TRADE OUTPUT OVER THE CORRE-
SPONDING MONTHS OF 1933 OF '-S MILLION
POUNDS, OR 6.4 PERCENT, AND WHILE THE
NOVEMBER TRADE OUTPUT FIGURES ARE NOT AS
/ET AVAILABLE, AN INCREASE DURING THAT
MONTH ALONE OF SOME 30 MILLION POUNDS
OVER NOVEMBER 1933 WOULD NOT BE SURPRIS-
INl, ON THE BASIS OF STOCK REDUCTIONS
ALGNE DI RING NOVEMBER THI S YEAR AND LAST,
THIS IS NOT SO EVIDENT, FOR THE
REDUCTION OF 12 MILLION PO'JNDS THIS YEAR
WAS ONLY 3 MI LLION POUNDS MORE THAN IN
NOVEMBaEP, 1933, BUT THIS OCCURRED
DESPITE THE PREVIOUSLY MENTIONED 30
MILLIGH P''IDiC PRrOJrlCT ION INCREASE IN
NOVEMBER Ti;!S YEAR 'jFT- I, ij'V TAE-iEF 1I '3 .


NO SELLING PRICE CHANGES OF
CONSEQUENCE HAVE OCCURRED ON EVAPORATED
MILK DURING THE PAST MONTH. THESE PRICES
ARE STILL UNDER CONTROL THROUGH THE
MARKETING AGREEMENT COVERING THIS
INDUSTRY, AND WHILE CONSIDERABLE DISCUSS-
ION HAS TAKEN PLACE AND CONTINUES REGARD-
ING PROPOSED PRICE MODIFICATIONS, NO
CHANGES HAVE BEEN APPROVED AS VET.
DURING THE PAST MONTH, SCHEDULES
WERE SENT TO MANUFACTURERS OF EVAPORATED
MILK BY THE FEDERAL SURPLUS RELIEF
CORPORATION, ASKING FOR RIDS FOR JANUARY
DELIVERY, WHICH BIDS ARE TO BE OPENED
DECEMBER 22. MILK PURCHASED UNDER THIS
SCHEDULE WILL BE USED FOR RELIEF
DISTRIBUTION.
CONDENSED CASE PRODUCT ON'IN
NOVEMBER OF 4,8,0 POUNDS ESTIMATED)
WAS 20.3 PERCENT GREATER THAN I NOVEMBER
1933. STOCKS OF THIS CLASS OF GOODS ON
DECEMBER I AMOINITING TO RUT 11,236,008
POUNDS-WERE 4.2 PERCENT ABOVE THOSE OF A
'EAR EARL IER.


... UNIV. OF FL LIP.
C i




U.S. DEPOGTOW Y


DECEMBER 1 i 934


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