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:
AA00013239:00048


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AR ICU LTURAL ECONOMICS
.- 1 :; NEWS SERVICE

MONTHLY Y EVAPORATED AND CONDENSED MILK MARKET REPORT
(MARCH 1935)
No. 187 WASH IN GTON D.0, MARCH_22 1935
INFORMATI ON IN THIS MONTH'S REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDENSED MILK, OR BOTH.

PRICE PAI PA PRCD UCERS FO 3.5" 'ILK F. 0. R. FACTORY FOP E'RUARY 1935*
NUiER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS OF FACTORIES
R____ _EORT I NG ANGE AVERAGE
NEW ENGLAND $ -
MIDDLE ATLANTIC 6 1.53-1.0 1.71
SOUTH ATLANTIC 2 1.50-1.55 1.53
E. NORTH CENTRAL 86 1.5- I.'8 1.60
W. NORTH CENTRAL S1 1.50-1.68 1.55
SOUTH CENTRAL 9 1.44-1.54 1.51
NORTH WESTERN 10 1.29-1.58 1.40
SOUTH WESTERN 19 1.20-1.60 1.53
U. S. FEB. 1935 141 1.20-1.80 1.57
U.S. JAN. 1935 139 .1.20-1.81 1.40
U. S. FEB. 1934 131 0. 66-_19 1.10
*NOTE: THE INFORMATION CARRIED IN THE BODY OF T'HiS TA'-LE AP LIES TO THE PREVIOUS
MONTH RATHER THAN THE CURRENT MONTH. UrDER THE ROVI'.'I'E!NS OF THE EVAPORATED MILK
MARKETING AGREEMENT NOW IN EFFECT, MOST MANUFACTURERS CALCULATE E PRICES PAID PRO-
DUCERS BY FORMULAS WHICH TAKE INTO ACCOUNT THE CURRENT MONTH'S 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.


FEBRUARY 1935


JAN.


______________- --.-----. --~~


U. S. AVERAGE
U. S. AVERAGE____ ____--


$1.50
1.71
1.51
1.42
1.37
1.58
1.57


--- ~--I.. ..-
UARY 1935 FEBRUARY 1934
$1.48 $1.14
I.63 1.37
1.38 1.02
1.34 0.76
1.35 0.96
1.49 0.98
1.46 i 1.10


NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS FEBRUARY 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.


F. 0. B.


BosTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUIS
KANSAS CITY
MINNEAPOLIS-ST.
ATLANTA
NEW ORLEANS.
DENVER
SEATTLE
SAN FRANCISCO
Los ANGELES
AVERAGE


PAUL


SEVAORAFTED M LK
(PER CAGE OF 4 14; OZ. CANS)
RANGE AVERAGE


$2.55-3.05
2.55-3.05
2.55-3.05
2.75-2. 95
2.50-2.95
2.60-2.95
2.75-2.95
2.65-2.95
2.75-2.90
2.75-2.90
2.60-2.90
2.55-2.S90
2.85-2.90
2.85-2.90


WHOLESALE SELLING PRICES


UNSWEETENED EVAPORATED
(PER CASE OF
48 141 oz. CANS)


$2.90
2.90
2.80
2.82
2.81
2.83
2. 84
2.81
2.84.
2.83
2.83
2.82"
2.33
2.82


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


RANGE AVERAGE
$4.50-4.85 $4.73
4.26-4.85 4.63
4.75-4.85 4.82
5.25 5.25




3.87-5.00 3.98

5.39 5.39
5.39 5.39


BY GEOGRAPHIC SECTIONS FEBRUARY 1935
SWEETENED CONDENSED SWEETENED CONDENSED
(P..R CASE OF BULKK PER CWT.
48 14 oz. CANS) UNSKIMMED SKIMMED


NEW ENGLAND $2.89 $4.78 $7 50 $4.73
MIDDLE ATLANTIC 2.85 4.52 3.25 4.46
SOUTH ATLANTIC 2.84 4.93 7.50 5.06-
E. N. CENTRAL 2.78 5.25 7.36 4.54,
W. N. CENTRAL 2.78 7.24 4.87
SOUTH CENTRAL 2.82 4.46 7.50 5.06
NORTH WESTERN 2.82 5.39 7.50 4.88
SOUTH WESTERN 2.83 5.39 7.25 4.67
U. S. AVERAGE
FEB. 1935 $2.83 $4.77 $7.52 $4.71


U. S. AVERAGE
JAN. 1935
U. S. AVERAGE
FEB. 1934


$2.67

$2.57


$4.73 $7.13

$4.90 $6.85


$4.47-

$4.40


EVAPORATED MILK STOCKS LOWEST ON RECORD


LOWEST STOCKS OF EVAPORATED MILK ON
RECORD ARE REVEALED IN THE SUMMARY OF
REPbRTS SUBMITTED BY MANUFACTURERS THIS
MONTH TO THE BUREAU OF'AGRICULTURAL
ECONOMICS. TOTAL STOCKS OF THIS CLASS OF
GOODS ON MARCH I AMOUNTED TO BUT
28,914 000 POUNDS, COMPARED WITH
112,936,000 POUNDS LAST YEAR, A DECREASE
OF OVER 75 PERCENT. THE PREVIOUS LOW
RECORD FOR STOCKS WAS ON MAY I, 1933,
WHEN MANUFACTURERS HELD 37, 0,0, 00 POUNDS.
THE REDUCTION DURING FEBRUARY .THIS YEAR
WAS 51.6 PERCENT, COMPARED TO A 32.4


PERCENT REDUCTION DURING FEBRUARY OF
LAST YEAR.
ANOTHER CHANGE TO BE NOTED IS THE
INCREASE OF E'i/AORATED MILK PRODUCTION
DURING FEBRUARY. ESTIMATED TOTAL PRO-
DUCTION OF 123,657,000 POUNDS, WHICH IS
A NEW HIGH FOR THAT MONTH, REPRESENTS AN
INCREASE OF 4.6 PERCENT OVER JANUARY,
AND 23.3 PERCENT OVER FEBRUARY 1934. THE
PREVIOUS RECORD FOR FEBRUARY PRODUCTION
WAS IN 1933, BUT AMOUNTED TO ONLY
109,622,000 POUNDS.


(CONTINUED ON NEXT PAGE)
I1RCH 1935


SECT I ON
II
II


2
3
4
5


--r- ~ ~ -


I


---- -r






PAGE 2


STOCKS AND PRODUCTION OF EVA-'0RATED AND CONDENSED MILY


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
PRACT I CALL ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.


EVAPORATED MILK CONDENSED MI.K CONDENSED MILK
__- CASE GOODS) (CASE GOODS) (BULK GOODS)


TOTAL STOCKS ON MARCH I, 1235
NO. OF FIRMS REPORTING*


COMPARISON
MARCH I,
FEBRUARY
% CHANGE
FIRMS IN
MARCH I,
MARCH I,
% CHANGE
FIRMS IN


FOR SAME FIRMS:
1935
I, 1235
DURING MONTH
COMPARISON
IS35
1934
FROM PREV. YEAR
COMPARISON*


COMPARISON FOR SAME FIRMS:
FEBRUARY, 1935
JANUARY, 1935
CHANGE DURING MONTH
FIRMS IN COMPARISON*
FEBRUARY, 1935
FEBRUARY, 1934
o CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


28,C13,632 LOS.
41


28,913,632 LBS.
55,79U,830 LeS.
-51.64%
41
26,164,242 LLS.
112,936,473 Lns.
-76.83'
34



120,428,691 LBS.
115,063,154 LBS.
+ 4.66%
40
116,101,618 LBS.
94,123,355 LBS.
+23.35%
33


TOTAL STOCKS
5,152,896 LBS.
8


5,152,896 LaS.
8,068,284 LBS.
-36.13
8
5,152,896 LBS.
4,774,412 LBS.
+ 7.930
8

PRODUCT ION

4,901,515 LBS.
4,541,471 Las.
+ 7.931
7
4,901,515 LBS.
4,355,285 LBS.
+12.541
7


4,212,507 LBS.
26


4,212,507 LBS.
5,043,146 LBS.
-16.47%
26
4,209,907 LBS.
5,130,397 LBS.
-17.94
24



5,995,539 LBS.
6,619,557 LBS.
9.43"
26
5,895,219 LBS,
5,427,911 LBS.
+ 8,61%
24


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON FEB. 1,.1935 59,790,890 LBS. 8,068,284 LBS. 5,635,061 LBS.
ESTIMATED TOTAL PRODUCTION
FEBRUARY, 1935 5 I_123,F57,000 LBS. 4,918,000 LPS. 10,204,000 LBS.
*FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASER PER PRODUCER*


FEBRUARY --M
1935 1_ J934
TOTAL PURCHASES 253,200,407 LBS 257,361,620 LBS
NUMBER OF PRODUCERS 86,781 80,751
AVERAGE DAILY
PURCHASES PER
PRODUCER 106.26 LBS_ 114.21 LBS
PERCENTAGE CHANGES
IN 1935 COMPARED 6.96
WITH 1934


JANUARY


I I$34


260,476,094 LBS 266,697,604 LBS
88,321 81,650


95.14 LBS 105.37 LBS

9.71


PERCENTAGE CHANGE IN FEBRUARY I135 COMPARED WITH JANUARY 1935 +11.69
PERCENTAGE CHANGE IN FEBRUARY 1934 COMPARED WITH JANUARY 1934 + 8.39
*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIRST PAGE)


THE FOREGOING FIGURES SUGGEST THAT
THE EVAPORATED MILK MARKET SITUATION IS
FIRM, AND SUCH IS THE CASE. INFORMATION
REGARDING FEBRUARY TRADE OUTPUT IS NOT
YET AVAILABLE, BUT FOR PREVIOUS MONTHS
BACK AS FAR AS LAST JULY, THERE WERE
HEAVY I INCREASES OVER CORRESPONDING PERIODS
OF A YEAR EARLIER. IN JANUARY, THE
INCREASE WAS 55.3 PERCENT. PRELIMINARY
CALCULATIONS INDICATE THAT THE FEBRUARY
GAIN OVER THAT OF FEBRUARY 1934 WILL BE
SLIGHT, BUT THE CURRENT MARKET IS NEVER-
THELESS IN A STRONG POSITION, BECAUSE OF
THE ALMOST ACUTE SHORTAGE OF STOCKS, AND
THE GENERALLY LOWER PRODUCTION OF DAIRY
PRODUCTS AS A WHOLE. ONE CONDITION TO
BEAR IN MIND IN COMPARING THIS YEAR'S
FEBRUARY TRADE OUTPUT WITH THAT OF A YEAR
AGO, IS THAT IN FEBRUARY 1934 THERE WAS
AN UNUSUALLY HEAVY MOVEMENT. GOVERNMENT
CONTRACTS FOR MILK FOR RELIEF DISTRIBUTION
WHICH WERE AWARDED IN JANUARY ARE STILL
BEING FILLED, AND THIS IS CONTRIBUTING
TO THE INCREASE IN APPARENT CONSUMPTION.


THE TOTAL AWARDS, HOWEVER, AMOUNTED TO
ONLY 37: MILLION POUNDS, AND SINCE
DELIVERIES ARE BEING MADE OVER A CON-
SIDERABLE PERIOD, THE FULL AMOUNT CANNOT
BE CREDITED TO ANY SINGLE MONTH. PART
OF THE INCREASE IN EVAPORATED MILK TRADE
OUTPUT IS APPARENTLY DUE TO SOME SHIFT
TO THIS PRODUCT, POSSIBLY FROM FLUID
MILK, PARTICULARLY IN THOSE SECTIONS WHERE
CONSUMER PURCHASING POWER IS CUTTING DOWN
THE USE OF FLUID MILK AT PREVAILING PRICES.

WHOLESALE SELLING PRICES OF
EVAPORATED CASE IN FEBRUARY AVERAGED ABOUT
15 CENTS PER CASE ABOVE JANUARY. THE
EVAPORATED MILK MARKETING AGREEMENT WHICH
CONTAINS A SELLING PRICE SCHEDULE IS
STILL IN EFFECT, ALTHOUGH ANNOUNCEMENT
HAS JUST RECENTLY BEEN MADE OF THE
TENTATIVE APPROVAL BY THE SECRETARY OF
AGRICULTURE OF AN AMENDMENT, ONE OF THE
PRINCIPAL FEATURES OF WHICH IS THE
ABOLITION OF THE MAXIMUM AND MINIMUM RE-
SALE PRICES, AND THE SUBSTITUTION OF THE
OPEN PRICE SYSTEM.


* *
* NOTICE: THE MAILING LIST FOR THIS REPORT WAS RECENTLY CIRCU- *
* *
SLARIZED. IF IT IS DESIRED THAT THIS REPORT BE CONTINUED TO
* YOUR ADDRESS, SUCH A REQUEST SHOULD BE SENT IMMEDIATELY, IFNOT *
* *
ALREADY DONE. *
************************************************************


UNIV. OF FL LI.

MARCH 1O935
MARCH 1935 j I


U.S. DE POITOW
1'


P96 PL80O L 9ZL
I I llII IIllllllll 1 lllll llllllllll l lllll lll lll II


--


--


I )65 1934


9I35b




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