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:
AA00013239:00052


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MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JULY 1935)
No. 191 WASHINGTON, D. C. JULY 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 P AIU PRODUCERS FOR 3.5% MILK F. 0. B. FACTORY FOR JUNE 1935*
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT,
REPORTING RANGE AVERAGE
NEW ENGLAND $ $ $
MIDDLE ATLANTIC 6 1.22-1.34 1.27
SOUTH ATLANTIC 2 0.98-1.18 1.08
t, NORTH CENTRAL 86 1 08-1.35 1.13
W. NORTH CENTRAL 9 0;97-1.25 1.10
SOUTH CENTRAL 9 097-1.12 0.99
NORTH WESTERN 10 1.00-1.21 1l12
SOUTH WESTERN 20 1.16-1,28 1.24
U.S* JUNE 1935 142 0.97-1.35 1.13
U.S. MAY 1935 142 1,04-1.58 1.23
U. Si JUNE 1934 137 0.78-Ft.46 1.09
*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, PRICES PAID PRODUCERS ARE CALCULATEDBY FORMULAS
WHICH TAKE INTO ACCOUNT THE CURRENT MONTHS AVERAGE.WHOLESALE BUTTER AND CHEESE
MARKET QUOTATIONS. THESE AVERAGES ARE NOT AVAILABLE AT THIS TIME*
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
JUNE 1935 MAY 1935 JUNE 1934
SECTION I $1.12 $1.24 $1.15
S 2 1.27 1.41 1.30
i 1.02 1.13 1.03
4 1.17 1.21 0.di
I 5 110 1.20 0,92
6 1.26 1.30 1.05
U.S. AVERAGE .113 1.23 1.09
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS JUNE 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 M LK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14 oz. CANS) PER CASE OF 48 14 oz.. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.55-3.00 $2.84 :$4;50-4;90 $4; 75
NEW YORK CITY 2,55-3.00 2.84 4.31-4.90 4.64
PHILADELPHIA 2.55-3.00 2.84 4.75-4.85 4.82
CHICAGO 2.55-2.90 2.77 5.25 5.25
CLEVELAND 2.55-2.90 2.78
ST. Louis 2.55-2.90 2.76
KANSAS CITY 2,70-2,90 2.79
MINNEAPOLIS-ST.PAUL 2.55-2.90 2.77
ATLANTA 2.70-2.90 2.80 -
NEW ORLEANS 2.70-2.90 2.79 4.02-5.00 4.22
DENVER 2.70-2.90 2.79
SEATTLE 2.50-2.90 2.77
SAN FRANCISCO 2.35-2.90 2.71 5.39 5.39
Los ANGELES 2.35-2.90 2.70 5.39 5.39
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JUNE 1935'
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDEN ED
(PER CASE OF PER CASE OF (BULK PER CWT.)
48 14- oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.84 $4.78 $770
MIDDLE ATLANTIC 2,83 4.63 8.25 4.38
SOUTH ATLANTIC 2.81 4.93 7.70 4.90
E. N. CENTRAL 2.78 5.25 7.34 4.48
W. N. CENTRAL 2.78 7.30 4.69
SOUTH CENTRAL 2.82 4.56 7.70 4.90
NORTH WESTERN 2.79 5.39 7.70 5.04
SOUTH WESTERN 2,76 5.39 7.75 4.79
U. S. AVERAGE
JUNE 1935 $2.80 $4.80 $7.64 $4.67
U. S. AVERAGE$4.
MAY 1935 $2.83 $4.80 $7.67.69
U. S. AVERAGE
JUNE 1934 $2.54 $4.74 6.99 $4.43
EVAPORATED MILK PRODUCTION AND STOCKS REACH NEW PEAKS


AGAIN NEW HIGH RECORDS HAVE BEEN
ESTABLISHED IN THE PRODUCTION AND STOCKS
OF EVAPORATED MILK, ACCORDING TO SUMMARIES,
MADE BY THE U.S. BUREAU OF AGRICULTURAL
ECONOMICS FROM INDIVIDUAL REPORTS SUPPLIED
BY EVAPORATED MILK MANUFACTURES. PRO-
DUCTION IN MAY WHICH WAS AN ESTIMATED
TOTAL OF 231,663,000 POUNDS, WAS THE :',
LARGEST QUANTITY PRODUCED IN ANY MONTH OF
ANY YEAR, BUT THE REPORTS FOR JUNE SHOW
AN INCREASE OF 14.5o OVER MAY INSTEAD OF
AN AVERAGE INCREASE OF ABOUT 3.5 PERCENT,
MAKING A TOTAL ESTIMATED JUNE PRODUCTION
OF 269,344,000 POUNDS. ON THE BASIS OF,


INFORMATION AVAILABLE FOR THE FTIR'T SIX,
MONTHS OF THE CALENDAR YEAR, THE PACK OF
EVAPORATED MILK EXCEEDED, THAr-F OF THE
CORRESPONDING PERIOD OF 1934 BY 19[
MILLION POUNDS, OR 22 PERCENT.
HEAVY PRODUCTION OF THIS CLASS OF
GOODS THIS YEAR UP TO JUNE IST WAS
ACCOMPANIED BY HEAVY INCREASES IN TRADE
OUTPUT, EXCEPT DURING MAY WHEN THERE WAS
A SHARP DROP. STATISTICS ON FOREIGN TRAD
FOR JUNE ARE NOT YET AVAILABLE, BUT FROM
THE INFORMATIONAT:HAND THERE WILL BE A
DECREASE IN JUNE, AS COMPARED WITH LAST


(CONTINUED ON NEXT PAGE)
JULY 1935


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


DD I Af M A nIm ^ --...... ... .. .


- -







STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
OWN OR STOCKS OF OTHEI-; WHETHER CN THEIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS: AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVEREDe
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INC-LUDE.REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.


EVAPORATED MILK
(CASE GOODS)


C NDENSED Ml-LK< CONDENSED MILK
CASE GOODS') (BULK GOODS)


TOTAL STOCKS ON JULY I, 1935
NO. OF FIRMS REPORTING*
'COMPARISON FOR SAME FIRMS:
JULY I, 1935 .
JUNE I, 1935
% CHANGE DURING MONTH
FIRMS IN COMPARISON
JULY I, 1935
JULY I, 1934
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARE' SON*

COMPARISON FOR SAME FIRMS:
JUNE, 1935
MAY, 1935
% CHANGE DURING MONTH
FIRMS IN COMPARISON*
JUNE, 1935
JUNE, 1934
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


285,476,574 LBS.
37


285,476,574 Las.
179,628,668 LBS.
+58.93%
37
283,429,667 LBS.
251,899,360 LBS.
+86.59%
34


252,688,590 LBS.
220,660,505 LBS.
+14.51o
37
250,600,953 LBS.
195,820,973 LBS.
+27.97%
34


TOTAL STOCKS
16,511,339 LBS.
8


16,511,339 LBS.
12,284,163 LBS.
+34.4(41
8
16,511,339 LBS.
13,912,453 LBS.
+18.68%
8
PRODUCTION

4,602,963 LBS.
4,619,392 LBS.
0.36%
7
4,602,963 LBS.
5,933,404 LBS.
-22.42%
7


;12,605,382 LBS.
30


12,605,382 LBS.
9,437,570 LBS.
+33.57/0
30
12,255,240 LBS.
9,353,950 LBS.
+31.02%
27


17,751,519 LBS.
14,129,092 LBS.
+25.64%
31
16,966,402 LBS.
12,581,966 LBS.
+34.85%
28


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JUNE 1, 1935 179,684,414 LBS. 12,284,163 LBS. 9,571,163 LBS.
ESTIMATED PRODUCTION JUNE 1935 269,344,000 LOS. 4,606,000. LBS 29,013,000 LOS.
FIRMS, NOT FACTORIES. SOME'FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

JUNE MAY
.1935 1934 1935 1934
TOTAL PURCHASES 447,077,014 LBS 369,657,030 LOS 461,839,229 LBS 416,844,849 LOS
IUMBER OF PRODUCERS 95,785 81,642 105,058 93,119
AVERAGE DAILY
PURCHASES PER
PRODUCER 155.58 Ls **150.93LBS -141.81 Los 144.40 Los
PERCENTAGE CHANGES
IN 1935 COMPARED + 3.08 1.79
WITH 1934


PERCENTAGE CHANGE IN JUNE 1935 COMPARED WITH MAY 1935
PERCENTAGE CHANGE IN JUNE 1934 COMPARED WITH MAY 1934


- + 9.71
- + 4.52


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


YEAR, WHICH WILL PRODADLY DE GREATER THAN
THE DECREASE OF CLOSE TO 20 PERCENT,THAT
OCCURRED IN MAY. IT IS THIS FALLING OFF
IN TRADE OUTPUT, AT A TIME WHEN PRODUCTION
HAS DEEN EXCEPTIONALLY HEAVY, WHICH
ACCOUNTS FOR THE UNUSUALLY LARGE STOCKS
IN MANUFACTURERS' HANDS AT THIS TIME. IT
SHOULD BE NOTED IN THIS CONNECTION THAT
TRADE OUTPUT CALCULATIONS MEASURE MOVE-
MENTS ONLY THROUGH MANUFACTURERS' HANDS
AND DO NOT TAKE INTO ACCOUNT STOCKS HELD
BY WHOLESALE GROCERS. THE REPORT OF
STOCKS IN THE HANDS OF THE LATTER ON JULY
IST HAS NOT DEEN COMPLETED DUE TO
DELINQUENT RETURNS. LARGE HOLDINGS OF
MANUFACTURERS, HOWEVER, TOGETHER WITH
RECENT PRICE CHANGES, SUGGEST THAT THERE
HAS PRODADLY DEEN SOME TENDENCY FOR STOCKS
TO DACK UP IN MANUFACTURERS' HANDS, ON
ACCOUNT OF UNWILLINGNESS OF DISTRIBUTORS
TO STOCK UP AT A TIME WHEN SOME PRICE
DECLINES WERE IN PROSPECT.
TOTAL STOCKS IN MANUFACTURERSt
HANDS ON JULY 1ST WERE 285,476,000 POUNDS,
AN INCREASE OF 106 MILLION POUNDS DURING


THE MONTH OF JUNE. IN 1934 THE JULY STOCKS
TOTALED 151,899,000 POUNDS AND REPRESENTED
AN INCREASE OF ONLY I MILLION POUNDS OVER
THE PREVIOUS MONTH. HE AVERAGE JUNE
INCREASE FOR'THE fIVE YEARS, 1930 TO 1934
INCLUSIVE, WAS 354- MILLION POUNDS. THE
PREVIOUS HIGH RECORD ON'STOCKS,
275,930 000 POUNDS WAS REACHED ON
AUGUST I, 1931.
REPORTS ON JUNE SELLING PRICES ARE
TO THE EFFECT THAT DECLINES WERE GENERAL.
THE AMOUNT OF THESE DECLINES RANGE FROM
150 TO 200 PER CASE. REGARDLESS OF THE
DROP BUYING WAS NOT STIMULATED AND THE
TONE OF THE MARKET IS NOT MORE THAN
STEADY*
THERE IS NOTHING PARTICULARLY OUT-
STANDING REGARDING CONDENSED CASE1GOODS.
STOCKS ON JULY IST AMOUNTED TO 162 MILLION
POUNDS, AN INCREASE OF 187 OVER THE
PREVIOUS YEAR BUT PRODUCTION IN UNE WAS
ONLY 4,600,000 POUNDS, A DECREASE OF 226
UNDER JUNE, 1934.


[ UNIv. OF FL L. -


U.S. DEPOSITORY


JULY 1935


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