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:
AA00013239:00047


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Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(FEBRUARY 1935)


NAC0LJi-rM f l


FEBRUARY CD, 1ID0


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 JANUARY 1935*
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES __PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND -
MIDDLE ATLANTIC 6 1.58-1.81 1.63
SOUTH ATLANTIC 2 1.39-1.40 1.40
E. NORTH CENTRAL 85 1.30-1.67 1.48
W. NORTH CENTRAL 9 1.23-1.52 1.41
SOUTH CENTRAL 9 1.28-1.40 1.38
NORTH WESTERN 10 1.20-1.45 1.36
SOUTH WESTERN 18 1.23-1.52 1.45
U.S. JAN. 1935 139 1.20-1.81 1.46
U.S. DEC. 1934 _139 1.17-1,54 1,35
U.S. JAN. 1935 131 0.68-1.72 ___ 0.97
*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 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.


SECTION I
I" 2
3
4
5
6


U. S. AVERAGE


JANUARY

$1.48
1.63
1.38
1.34
1.35
1.449
1.46


1935 DECEMBER 1934 JANUARY 1934

$1.35 $1I01
1.57 1.30
1.28 0.88
1.30 0.70
1.32 0.85
1.44 0.80
1.35 0.97


NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS JANUARY 1935
(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.
EVAPORATED MJ LK CONDENSED MILK
F. 0. (PER CAE OF 4 14ND CANS) P ER CASE OF 4 14 CANS
F. 0. S. (PER CASE OF 48 --142 oz. CANS)l (PFR CASE OF 48 14 oz. CANS)


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS
KANSAS CITY
MINNEAPOLIS-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
LOS ANGELES


RANGE
$2.55-2.85
2.55-2.85
2.55-2.85
2.55-2.75
2.45-2.75
2.45-2. 75
2.55-2.75
2.55-2.75
2.55-2.75
2.55-2.75
2.60-2.75
2.45-2.80
2.45-2.75
2.45-2.75


AVERAGE


$2.73
2.73
2.73
2.34
2.63
2.03
2. 35
2.66
2.36

2.66
2.66
2.66
2.65


RANGE


$4.75-4.85
4.26-4.85
4.75-4 85
,5.25




3.87-5.00

4.90
4.90


_AVERAGE
$4.82
4.64
4.82
5.25
i-



4.02

4.90
4.90


WHOLESALE SELLING PRICES
UNSWEETENED EVAPORATED
S(PER. CASE OF
A] 1 -_ _


BY GEOGRAPHIC SECTIONS ,JANUARY 1935


SWEET NED CONDENSED
(PER CASE OF,


SWEETENED CONDENSED
(BULK PER CWT.)


I'o- 1I' OZ. CANS) Wd- 14 OZ. CANS) UN-KIM SKIMMED
NEW ENGLAND $2.72 $4.84 $7.10 $4.43
MIDDLE ATLANTIC 2.69 4.62 7.86 "4.20
SOUTH ATLANTIC 2.68 4.93 7.10 .4.65
E. N. CENTRAL 2.62 5.25 6.95 4.33
W. N. CENTRAL 2.63 6.93 4.59
SOUTH CENTRAL 2,65 4.46 7.12 4.65
NORTH WESTERN 2.68 4.90 7.00 4.73
SOUTH WESTERN 2.70 4.90 7.00 4.54
U. S. AVERAGE
JAN. 1935 $2.67 4.73 $7.13 $4.47
U. S. AVERAGE
DEC. 1934 $2.53 $4.73 $6.83 $4.47
U. S. AVERAGE
JAN. 1934 $2.56 $4,96 $6.64 $4.45

EVAPORATED MILK MARKETS FIRM STOCKS VERY LOW


EVAPORATED MILK MARKETS HAVE
DEVELOPED UNUSUAL STRENGTH THIS MONTH
(FEBRUARY). NOT ONLY HAS PRODUCTION
CONTINUED TO SHOW SUBSTANTIAL INCREA 8
OVER A YEAR AGO, BUT AS THE RESULT OF A
VERY ACTIVE MOVEMENT OF GOODS INTO TRADE
CHANNELS, STOCKS HAVE BEEN REDUCED TO
UNUSUALLY LOW QUANTITIES. WHOLESALE
SELLING PRICES WHICH WERE ADVANCED
GENERALLY BY 15 CENTS PER CASE IN
JANUARY, HAVE BEEN ADVANCED AGAIN SINCE
FEBRUARY I, ACCORDING TO REPORT, AND


IS VERY FIRM. STOCKS IN MANUFACTURERS'
SANDS ON FEBRUARY I AMOUNTED TO SLIGHTLY.
LESS THAN 60 MILLION POUNDS. THIS IS
NOT ONLY A DECREASE OF 97 MILLION POUNDS
UNDER STOCKS OF JANUARY 1, BUT IS III
MILLION POUNDS BELOW STOCKS REPORTED ON
HAND ON FEBRUARY I, 1934. THESE STOCKS
AS OF FEBRUARY I THIS YEAR ARE THE LOWEST
REPORTED FOR ANY MONTH SINCE JUNE, 1933,
AND ARE THE LOWEST FEBRUARY I STOCKS
SINCE 1927.


THE CURRENT MAXIMUM PRICE IN THE EASTERN PRODUCTION HAS BEEN UNUSUALLY
TERRITORY IS $3.00 PER CASE. HEAVY AS COMPARED WITH THE PREVIOUS YEAR,
EACH MONTH SINCE LAST JULY AND THIS
THE SITUATION AS INDICATED BY CONDITION CONTINUES. THE JANUARY PACK
TRADE MOVEMENT, PRICE CHANGES, AND STOCKS THIS YEAR, ESTIMATED AT 118,562,000
(CONTINUED ON NEXT PAGE)
FEBRUARY 1935


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AVERAGE


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PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING, WHETHER THEIR
9WN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS; 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.
EVAPORATED MILK CONDENSED MILK CONDENSED MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON FEB. I, 1935 59,790,890 LBS. 8,068,284 LBS. 5,497,006 LBS.
NO. OF FIRMS REPORTING* 41 8 30

COMPARISON FOR SAME FIRMS:
FEBRUARY 1, 1935 59,790,890 LBS. 8,068,284 LBS. 5,290,617 LBS.
JANUARY I, 1935 156,793,274 LBS. 10,515,928 LBS. 7,292,732 LBS.
o CHANGE DURING MONTH -61.87% -23.28% -27.45%
FIRMS IN COMPARISON 41 8 29
FEBRUARY I, 1935 56,732,061 LBS. 8,068,284 LBS. 5,493,806 LBS.
FEBRUARY I, 1934 168,501,557 LBS. 6,394,103 LBS. 7,011,856 LBS.
CHANGE FROM PREV. YEAR -66.33- +26.183 -21.65%
FIRMS IN COMPARISON* 35 '8 28
PRODUCTION
COMPARISON FOR SAME FIRMS:
JANUARY, 1935 115,063,154 LBS.. 4,541,471 LBS. 6,670,123 LBS.
DECEMBER, 1934 92,455,297 LBS. 4,103,726 LBS. 6,367,649 LBS4
SCHANGE DURING MONTH +24.45% +10.67% + 4.75%
FIRMS IN COMPARISON* 40 7 29
JANUARY, 1935 112,654,528 LBS.' 4,541,471 6,662,137 LBS.
JANUARY, 1934 93,782,041 LBS. 4,859,340 7,192,136 LBS.
SCHANGE FROM PREV. YEAR +20.12% 6.54% 7.37%
FIRMS IN COMPARISON* 34 7 28
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JAN. I, 1935 156,793,274 LBS. 10,515,928 LBS. 7,686,683 LBS.
ESTIMATED TOTAL PRODUCTION
JANUARY, 1935 118,562,000 LBS. 4,574,000 9,723,000 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

JANUARY DECEMBER
_1935 1934 1934 1933
TOTAL PURCHASES 260,476,094 LBS 266,697,604 LBS 238,287,115 LBS 238,346,154 LBS
NUMBER OF PRODUCERS 88,321 81,650 88,326 83,049
AVERAGE DAILY
PURCHASES PER
PRODUCER_ 95.14 LBS 105.37 LBS 87.03 LBS 92.58 LBS
PERCENTAGE CHANGES
COMPARED WITH I 9.71 5.99
PREVIOUS YEARS


PERCENTAGE CHANGE IN JANUARY 1935 COMPARED WITH DECEMBER 1934
PERCENTAGE CHANGE IN JANUARY 1934 COMPARED WITH DECEMBER 1933


- + 9.31
- +13.82


*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.

(CONTINUED FROM FIRST PAGE)


POUNDS IS A NE'" JANUARY HIGH, THE NEAREST
APPROACH TO THIS BEING TWO YEARS AGO
WHEN JANUARY PRODUCTION WAS 116,947,000
POUNDS. THE HEAVY PRODUCTION, HOWEVER,
HAS BEEN READILY ABSORBED, AND EVEN AT
THE RECENTLY ADVANCED PRICES SOME MANU-
FACTURERS ARE SAID TO BE SOLD UP TO
CAPACITY. PART OF THE CURRENT TRADE
OUTPUT IS THE FILLING OF GOVERNMENT
CONTRACTS, REPRESENTING MILK BOUGHT FOR
RELIEF DISTRIBUTION. THE TOTAL CONTRACTS
AWARDED AMOUNTED TO OVER 37 MILLION
POUNDS (864,800 CASES). DELIVERIES ON
THESE CONTRACTS HAVE BEEN MADE DURING
THE MONTH. NO OTHER GOVERNMENT AWARDS
FOR EVAPORATED MILK FOR RELIEF DISTRI-
BUTION HAVE BEEN MADE.


THE FIRMNESS OF EVAPORATED MILK
MARKETS IS SHARED IN BY OTHER DAIRY
PRODUCTS. WHOLESALE BUTTER PRICES
REACHED 38, CENTS AT NEW YORK EARLY IN
THE MONTH AND ARE STILL ABOVE 35 CENTS.
BUTTER PRODUCTION IS DOWN, AND STOCKS
ARE VERY LOW FOR THE SEASONS IN THIS
RESPECT BEING IN SHARP CONTRAST TO THE
RECORD HIGH STOCKS ON HAND A YEAR AGO*
HIGHER BUTTER PRICES HAVE INCREASED
THE PRICES WHICH CONDENSERIES ARE PAYING
FOR MILK, THE AVERAGE PRICE PAID
PRODUCERS IN JANUARY BEING $1.46
PER CWT., COMPARED WITH $1.35 IN
DECEMBER, AND 97 CENTS PER CWT. IN
JANUARY, 1934.


UNIV. OF FL LH.
DOcUMENTS DEPTO



U.S. DEOTO
1 U.$. DE POMTOfT


FEBRUARe 1935


m66 1 CELO 'L n L




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