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:
AA00013239:00049


This item is only available as the following downloads:


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE


MONTHLY EVAPORATED AND CONDENSED MILK MARKET


REPORT


(APRIL 1935)

No. 188 WASHINGTON, D.C. APRIL 23, 1935
INFORMATION IN THIS MONTHS 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/ K


. F 0. B. FACTORY FOR M 5*


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
NEW ENG'LAND I -
MIDDLE ATLANTIC 6 1.54-1.74 1.64
SOUTH ATLANTIC .2 1.31-1.55 1.43
E. NORTH CENTRAL 86 1.39-1.68 1.44
W. NORTH CENTRAL 9 .31-1.60 1.41
SOUTH CENTRAL 9 1.27-1.53 1.33
NORTH WESTERN 10 1.19-1.40 1..30
SOUTH WESTERN 20 1.25-1.50 1.40
U. S. MAR. 1935 142 1.19-1.74 1.42
U. S. FEB. 1935 141 1.20-1.80 .57
U. S. MAR. 1934 134 0.84-1.49 1.11
*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
3UTTERMARKET QUOTATIONS. THESE AVERAGES ARE NOT AVAILABLE AT THIS TIME.
PRICESPAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED-'
MILK MARKETING AGREEMENT.
MARCH 1935. FEBRUARY 1935 MARCH 1934
SECTIO'N I $1.44 $1.60 $1.17
2 1.64 1.71 I 1.33
3 .36 1.51 1.03
4 1.33 1.42 0.91
5 1.29 1.37 0.97
S 6 1.42 1.58 1.04
U. S. AVERAGE 1.42 1.57 1.11
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS MARCH 1935
CCASE 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


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


IME CREDIT.


EVAPORATED MJLK
(PER CASE OF 48 14I OZ. CANS)


PAUL


RANNa


$2.55-3.00
2.55-3.00
2.55-3.00
2.75-2.90
2.70-2.90
2.70-2.90
2.70-2.90
2.70-2.90
2.70-2.90
2.70-2.90
2.74-2.90
2.74-2.90
2.74-2.90
2.65-2.90


AVERAGE


$2.87
2.87
2.87
2.80
2.79
2.80
2.82
2.79
2.80
2.80
2.80
2.83.
2.83
2.83


CONDENSED
(PER CASE OF 48 -
RANGE 1


$4.50-4.85
4.31-4.85
4.75-4.85
5.25




3.87-5.00

5.39
5.39


MILK
14 OZ. CANS)
AVERAGE


$4.73
4.64
4.82
5.25




4.08

5.39
5.39


AVERAGE "'OLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS MARCH 1935


NEW ENGLAND
MIDDLE ATLANTI(
SOUTH ATLANTIC
E. N. CENTRAL
W. N. CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN


UNSWEETENED EVAPORATED
(PER CASE OF
48 142 OZ. CANS)


$2.86
2.84
2.83
2.78
2.79
2.81
2.82
:2.83


SWE TENED CONDENSED
S(PER CASE OF ..
48 1.4 oz. CANs)


.$4.78
4.63
4.93
5.25
4.52
5.39
5.39


SWEETENED CONDENSED
(BULK PER CWT.)


UNSKIMMED


$7.65
8.25
7.65
7.44
.7.33
7.65
'7.65
7.71


SKIMMEQ


$4.70
4.50'
4.95
.4.49
4.73
4.95
5.08
4.83


U. S. AVERAGE
MAR. 1335 $2.82 $4.79 $7.64 $4.72
U. S. AVERAGE
FEB. 1935 $2.83 $4.77_ $7.52 $4.71


U. S. AVERAGE
MAR. 1934


$2.54


$4.88


$6.81


Sj, S -- -


$4.46


PRODUCTION OF EVAPORATED MILK


INCREASES


- STOCKS VERY LOW


EVAPORATED MILK MARKETS DO NOT SHOW LAST MONTH ARE STILL !N EFFECT.
MUCH CHANGE SO FAR IN APRIL FROM THE
SITUATION WHICH EXISTED A MONTH AGO. PRO- LOW STdCKS CONTINUE TO BE A
DUCTION HAS PICKED UP SOME, BUT STOCKS FEATURE OF THE CURRENT SITUATION. STOCKS
ARE STILL VERY LOW. THE MOVEMENT OF GOODS ON HAND APRIL I WERE SLIGHTLY HEAVIER
INTO TRADE CHANNELS., WHICH WAS LESS IN THEN ON MARCH I, BUT THE REPORTED
FEBRUARY THAN A YEAR EARLIER, WAS ALSO. QUANTITIES REPRESENT A NEW LOW .FOR APRL I.
LESS IN MARCH. SELLING PRICES PREVAILING MANUFACTURERS HOLDINGS OF EVAPORATED CASE
***; *********************** I*ED *N N**PAE
* NOTICE: THE MAILING LIST FOR THIS REPORT WAS RECENTLY CIRCULARIZED. THIS
* IS THE LAST COPY WHICH.'WI LL BE SENT TO YOUR ADDRESS, UNLESS THE CARD WHICH *
* WAS PROVIDED IS RETURNED, OR WE ARE OTHERWISE ADVISED OF YOUR DESIRE TO HAVE *
( THE REPORT CONTINUED. ,.
**********-**** **** ***** ** .** ** r* 'P.** L ********3**5*********************** ********

APRIL 1935


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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
WN O"R 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 CONDENSEDD MI K CONDENSED MILK**
(CASE GOODS) (.CA-SE GOODS) (BULK GOODS)


TOTAL STOCKS ON.APRIL 1, 1S35
No. OF FIRMS'REPORTING*

COMPARISON FOR SAME FIRMS:
APRIL I, 1935
MARCH 1935
% CHANGE DURING MONTH
FIRMS IN COMPARISON
APRIL I, 1935
APRIL 1., 1934
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*

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


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON MAR. 1, 1935
ET I rTn r TAI mLrOD TI OI


39,993,362 LBS.
39


39,993,362 :LBS.
28,913,632 ,LBS.
+38.32%
39
39,494,344 LBS.
93,785,.652 LBS.
-60.02%
36



140,246,297 LBS.
119,779,890 LBS.
+17.09%
38
133,834,531 LBS.
124,839,700 LBS.
+11.23
35


28,913,632 LBS.


TOTAL STOCKS
3,714,411 LBS.
8


3,714,411 LBS.
5,152,896 LBS.
-27.92%
8
3,714,411 LBS.
4,875,312 :LBS.
-23.81%
8

PRODUCTION

4,951,317 LBS.
4,901,515 LBS.
+ 1.02%
7
S4,951,317 LBS.
6,163,331 LBS.
9.66%
7


5,152,89Q LBS.


4,831,990 LBS.
30


4,626,867 LBS.
4,590,.918 LBS.
+ 0.78%
28
4,818,550 LBS.
4,817,198 LBS.
+ 0.03%
28



8,731,868 LBS.
6,400,609 LBS.
+36.42%
28
8,908,249 LBS.
7,353,399 LBS.
+21.. 4,,b
28

4,645,813 LBS.


MARCH, 1935 141,331,000 LBS. 5,844,000 LBS. 12,920,000 LBS.
FIRMS, NOT FACTORIES. FOME FIRMS OPERATE MORE THAN ONE FACTORY. ** SWEETENED
AVERAGE DAILY PURCHASES PER PRODUCER*


TOTAL PURCHASES
NUMBER OF PRODUCERS
AVERAGE DA-ILY
PURCHASES PER
PRODUCER
PERCENTAGE-CHANGES
IN 1935 COMPARED
WITH 1934


MARCH FEBRUARY
1935 1534 1935 1934
1314,227,995 LBS 300,943,106 LBS 258,200,407 LBS 257,661,620 LBS
838,5S9 83,139 .86,781 80,751


S 114.41 LBSI 116.77 LBS 106.26 LBS 114.21 LBS

2.02 6.96
-


PERCENTAGE CHANGE IN MARCH 1935 COMPARED WITH FEBRUARY 1935
PERCENTAGE CHANGE IN MARCH 1934 COMPARED WITH FEBRUARY 1934


- + 7.67
- + 2.24


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


ON THE FIRST OF THE CURRENT MONTH WERE
39,993,000 POUNDS, COMPARED WITH
28,913 000 POUNDS ON MARCH I, AND AN
APRIL 1 FIVE-YEAR AVERAGE OF 109,727,000
POUNDS. CONDENSED CASE STOCKS WERE ALSO
AT A NEW LOW RECORD LEVEL ON APRIL I,
AMOUNTING TO BUT 3,714 000 POUNDS,
COMPARED WITH 4,875,00 POUNDS LAST YEAR,
AND A FIVE-YEAR AVERAGE OF 9,821,000
POUNDS.

MARCH PRODUCTION OF EVAPORATED
CASE, ESTIMATED AT 141,331,000 POUNDS,
WAS THE SECOND HEAVIEST MARCH PRODUCTION
ON RECORD, BEING EXCEEDED ONLY IN MARCH
1933, AND THEN BY BUT 4- MILLION POUNDS.
PRODUCTION IN MARCH IS NORMALLY GREATER
THAN FEBRUARY ALTHOUGH THE INCREASE THIS
YEAR WAS BUT 17 PERCENT, WHEREAS IN 1934
IT WAS 28 PERCENT, AND THE AVERAGE
INCREASE OVER THE PAST FIVE YEARS WAS 24
PERCENT. THIS YEAR'S PRODUCTION INCREASE,
HOWEVER, OCCURRED AT A TIME WHEN RAW
MILK SUPPLIES ARE MORE OR LESS SCARCE,
AND WHEN PRODUCTION OF BUTTER IS FALLING
CONSIDERABLY BELOW THAT OF THE EARLY PART
OF 1934. PRELIMINARY ESTIMATES SUGGEST


'THAT TRADE OUTPUT OF EVAPORATED MILK IN
[MARCH WAS PROBABLY LESS THAT THAT OF
MARCH LAST-YEAR. THE MARCH DECREASE WILL
BE HEAVIER'THAN THE DECREASE WHICH
OCCURRED ALSO IN FEBRUARY.
CHANGES IN BUTTER PRICES FROM WHICH
CONDENSER PRICES ARE CALCULATED, RESULTED
IN REDUCED PRICES TO PRODUCERS IN MARCH
AS COMPARED WITH FEBRUARY. THE MARCH
AVERAGE WAS $1.42 PER CWT. WHILE
FEBRUARY AVERAGED $1.57. IN MARCH 1934
PRICES TO PRODUCERS AVERAGED $1.11 PER
CWT.
A NEW MARKETING AGREEMENT ON
EVAPORATED MILK IS TO BE CONSIDERED AT AN
EARLY CONFERENCE BETWEEN THE INDUSTRY AND
THE AGRICULTURAL ADJUSTMENT ADMINISTRATION
IN THE MEANTIME THE PROVISIONS -OF THE
OLD AGREEMENT REMAIN IN EFFECT. NO
FURTHER PURCHASES OF EVAPORATED MILK FOR
RELIEF DISTRIBUTION ARE BEING MADE BY
THE GOVERNMENT, EXCEPT CERTAIN AMOUNTS
BROUGHT AGAINST CONTRACTS WHICH WERE
IN DEFAULT,


UNIV. OF FL LUS.





U.S. DEPOUTO(RY
r -' li


APRIL 1935


l096 VEL9 0 Z CI g
111 11 11111111111111 III 1111111i ll 111111 1111 l IIIII 111 11111111 II


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