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:
AA00013239:00046


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UNITED STATES DEPARTMENT OF AGRICiULTURE
BUREAU OF AGRICULTURALECONOMICS
MARKET NEWS SERVICE

MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JANUARY 1935)

__ W'__ NASH INGTOND.C. JANUARY 23, 1935


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 DECEMBER 1934*


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
REPORTING RANGE AVERAGE
NEW ENGLAND- $ $ -
MIDDLE ATLANTIC 6 1.40-1.84 1.57
SOUTH ATLANTIC 2 1.25-1.30 1.28
E. NORTH CENTRAL 85 1.20-1.60 1.35
W. NORTH CENTRAL 9 1.17-1.40 1.29
SOUTH CENTRAL 9 1.25-1.31 1.26
NORTH WESTERN 10 1,20-1.38 1.32
SOUTH WESTERN 18 1.22-1.47 1.40
U.S. DEC. 1934 139 1.17-1.84 1.35
J.S. NOV. 1934 140 1.09-1.81 1.32
U.S. DEC. 1933 127 0,76-1.76 1 .00
*NOTE: THE INFORMATION CARRIED IN THE BODY OF THIS TALE 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 MONTH'S 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.
DECEMBER 1934 NOVEMBER 1934 DECEMBER 1933
SECTION I $1 35 $1.31 $1.03
2 1.57 1.52 1.35
3 1.26 1.23 0.89
4 1.30 1.32 0.83
5 1.32 1,29 0.83
1.44 1.48 0.91
U. S. AVERAGE 1.35 1.32 1.00

NET WHOLESALE SELLING PRICES IN CARLOTS- F.O.B. DISTRIBUTING POINTS DECEMBER1934
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F. 0. B.


EVAPORATED M LK
(PER CASE CF 48 143 oz. CANS)
RANGE I AVFRAGF


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


RANGE


AVERAGE


BOSTON $2.50-2.70 $2.59 $4.75-4.85 $4.82
NEW YORK CITY 2.50-2.70 2.59 4.26-4.90 4.63
PHILADELPHIA 2.50-2.70 2.58 4.75-4.85 4.82
CHICAGO 2.40-2.60 2.49 5.25 5.25
CLEVELAND 2.40-2.60 2.50
ST. LouIS 2.40-2.60 2.49
KAN SS CITY 2.40-2.60 2.49 -
M NN-APOLIS-ST.PAUL 2.40-2.60 2.49
ATLANTA 2.45-2.60 2.51
New ORLEANS 2.45-2.60 2.51 3.87-5.00 4.00
DENVER 2.45-2.60 2.52
SETTLE 2.45-2.60 2.55
SAN FRANCISCO 2.45-2.60 2.53 4.90 4.90
Los ANGELES 2.45-2.60 2.53 4.90 I 4.90

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS DECEMBER 1934
UNSWEETENED EVAPORATED SWEET NED CON'DNSED SWFTrVo (,J: ,IEC
(PER CASE OF 'PL[ CASE OF "
48 14g oz. CANS) 48 14 cz, CANS) U::~; o : D
NEW ENGLAND $2.59 $4.84 $6.0 I
'"IDDLE ATLANTIC 2.58 -.62 'D7 4.35
_JUTH ATLANTIC 2.55 4.93 6.90 4.65
E. N. CENTRAL 2.49 5.25 6.55 4.31
W. N. CENTRAL 2.50 6.56 4.48
SOUTH CENTRAL 2.51 4.46 6.90 4.65
NORTH WESTERN 2.54 4.90 6.68 4.65
SOUTH WESTERN 2.53 4.90 6.75 4.58
U. S. AVERAGE
DEC. 1934 1 $2.53 $4.73 $6.83 $4.47
U. S. AVERAGE
Nov. 1934 $2.53 $4.73 $6.80 $4.42


U. S. AVERAGE
DEC. 1933 $2.55


$4.95 $7.04 $4.61


EVAPORATED MILK FIRM AT HIGHER PRICES


THE EVAPORATED MILK MARKET IS
FIRM THIS MONTH, WITH WHOLESALE SELLING
PRICES HIGHER, FOLLOWING AN AMENDMENT TO
THE MARKETING AGREEMENT WHICH BECAME
EFFECTIVE JANUARY II. BY THIS AMENDMENT
THE SCHEDULE OF MAXIMUM SELLING PRICES
HAS BEEN ADVANCED 20 CENTS PER CASE,
ALTHOUGH IT DOES NOT FOLLOW THAT THE FULL
AMOUNT OF THE INCREASE WILL APPLY, AS
ACTUAL PRICES WILL BE LARGELY INFLUENCED
BY COMPETITIVE FACTORS. REPORTS INDICATE
THAT 15 CENTS IS THE INCREASE GENERALLY


BEING ASKED. THE AMENDMENT MADE NO
CHANGE WITH RESPECT TO MINIMUM PRICES.
IN ADDITION TO THE PRICE CHANGE, ANOTHER
DEVELOPMENT THIS MONTH IS THE ANNOUNCE-
MENT OF AWARDS FOR THE PURCHASE BY THE
GOVERNMENT OF 37,618,800 POUNDS
864,800 CASES) OF EVAPORATED MILK.
ALREADY DELIVERIES ON THESE CONTRACTS ARE
BEING MADE AT NUMEROUS DELIVERY POINTS IN
VARIOUS PARTS OF THE COUNTRY. IN
ADDITION TO GOVERNMENT PURCHASES, OTHER
TRADE IS SAID TO BE ACTIVE, EVEN AT THE


(CONTINUED ON NEXT PAGE)
JANUARY 1935


No. 185


-------


------





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 PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.


TOTAL STOCKS ON JAN. I, 1935
NO. OF FIRMS REPORTING*
COMPARISON FOR SAME FIRMS:
JANUARY I, 1935
DECEMBER I, 1934
% CHANGE DURING MONTH
FIRMS IN COMPARISON
JANUARY I, 1935
JANUARY I, 1934
%CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*

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


EVAPORATED M LK
(CASE GOODS)


155,165,760 LBS.
40

155,165,760 LBS.
203,402,023 LBS.
-23.716
40
151,220,228 LOS.
210,406,804 LBS.
-28.13'
34



92,277,498 LBS.
100,372,775 LBS.
8.07%
39
89,645,035 LBS.
81,059,670 LBS.
+10.59%
33


C NDENSED MILK
(CASE GOODS)
TOTAL STOCKS
10,515,928 LBS.
8

10,515,928 LBS.
11,236,161 LBS.
6.416
8
10,515,928 LBS.
9,136,525 LBS.
+15.10
8

PRODUCTION

4,103,726 LBS.
4,551,382 LBS.
9.84%
7
4,103,726 LBS.
4,445,700 LBS.
7.69r
7


C NDENSED MILK
(BULK GOODS


7,452,396 LBS.
.30

7,223,013 LeS.
8,665,097 LBS.
-16.64%
29
7,137,132 LSs.
9,185,897 LBS.
-22.30%
27



6,359,238 LBS.
6,500,539 LBS.
2.17o
29
6,217,705 LBS.
7,268,557 LBS.
-14.46%
27


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON DEC. 1,.1934 203,402,023 LBS. 11,238,161 LBS. 9,135,151 LBS.
CORRECTED TOTAL STOCKS ON
NOVEMBER I, 1934 13,554,769 LBS. 9,416,753 LBS.
ESTIMATED TOTAL PRODUCTION
DECEMBER, 1934 93,731,000 LBS. 4 _70000 LES. 9,513,000 LBS.
*FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

I DECEMBER NOVEMBER
S 1934 1933 1934 1933


TOTAL PURCHASES
NUMBER OF PRODUCERS
AVERAGE DAILY
PURCHASES PER
PRODUCER


238,287,115
88,326


87.03 LBS


PERCENTAGE CHANGES
IN 1934 COMPARED -
WITH 1933
PERCENTAGE CHANGE IN DECEMBER
PERCENTAGE CHANGE IN DECEMBER


230,346,154
83,049


LBS


92.58 LBS


5.99


243,375,369
91,239


LBS


88.91 LBS


I + 10. 17


205,429,951 LBS
84,875


80.70 LBS


1934 COMPARED WITH NOVEMBER 1934 -2.11
1933 COMPARED WITH NOVEMBER 1933 +14.72


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


HIGHER PRICES.

PRODUCTION OF EVAPORATED MILK IN
DECEMBER EXCEEDED THAT OF DECEMBER 1933
BY MORE THAN 10 PERCENT, BUT WAS NOT
EQUAL TO THE DECEMBER PRODUCTION OF 1932,
WHEN THE RECORD HIGH FOR THAT MONTH WAS
REACHED, NOR IN 1930 THE PREVIOUS HIGH
RECORD YEAR. HEAVY PRODUCTION IN
DECEMBER 1934 WAS DOUBTLESS STIMULATED
BY ACTIVE DEMAND, THE ANTICIPATED PRICE
INCREASE AND THE PENDING GOVERNMENT
CONTRACTS. THE LARGE DECEMBER PACK IS
THE OPPOSITE OF WHAT OCCURRED TO BUTTER,
FOR ESTIMATES ON DECEMBER BUTTER PRO-
DUCTION POINT TO A DECREASE OF 11.7 PER
CENT UNDER A YEAR EARLIER. IT ALSO WAS
APPARENTLY THE CAUSE OF CREAM SHIPMENTS
FROM CERTAIN AREAS TO EASTERN MARKETS
BEING SOMEWHAT REDUCED SINCE DECEMBER I.
THE HEAVIER MAKE DOES NOT DENOTE
INCREASED MILK PRODUCTION, BUT RATHER A
SHIFT IN THE UTILIZATION OF MILK
PURCHASED. AVERAGE DAILY DELIVERIES PER


DAIRY IN DECEMBER W E 6 PERCENT LESS
THAN IN DECEMBER 13. THE HEAVY PRO-
DUCTION OF EVAPORATED MILK DURING THE
L.TT7., Pi,,RT OF 133,4 ACCOUNT FC.. TOT-L
. *.-.ODUCTION whichC H i THE HIc3HF:;T ON
FE~C).,L, EXCE.iEDIN0 THE '193 kECOID SLIGHTLY,

STOCKS OF EVAPORATED MILK IN MANU-
FACTURERS' HANDS ON JANUARY I AMOUNTED TO
155 166 000 POUNDS. THIS REPRESENTED A
48,600,000 POUNDS REDUCTION IN DECEMBER,
AND A DECREASE OF MORE THAN 55,000,000
POUNDS UNDER JANUARY 1, 1934. THE
AVERAGE DECEMBER REDUCTION WAS AROUND
5,000,000 POUNDS DURING THE PAST FIVE
YEARS.
PRODUCTION OF CONDENSED CASE IN
DECEMBER WAS 7.6 PERCENT LESS THAN A
YEAR EARLIER, AND STOCKS ON JANUARY 1
WERE 15 PERCENT ABOVE THOSE OF JANUARY I,
1934. ToTAL STOCKS, HOWEVER, AMOUNTED
TO BUT 10-2 MILLION POUNDS.


JANUARY 1935


[UNIV OF FL LIIB.




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