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PRIVATE ITEM
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Monthly evaporated and condensed milk market report
ALL VOLUMES CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/AA00013239/00053
 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: AA00013239:00053

Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(AUGUST 1935)
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AUGUST EC 1960


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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 3.54 MILK F. 0. B. FACTORY FOR JULY 1935*
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ $ -
MIDDLE ATLANTIC 6 1.18-1.39 1.27
SOUTH ATLANTIC 2 0.98-1.18 1.08
E. NORTH CENTRAL 86 1.,08-1.40 1.13
W. NORTH CENTRAL 9 0.98-1.25 1.06
SOUTH CENTRAL 9 0.98-1.09 0.99
NORTH WESTERN 10 1.00-1.20 1.09
SOUTH WESTERN 20 1.12-1.27 1.19
U.S. JULY 1935 142 0.98-1.40 1.13
U.S. JUNE 1935 142 .97-1.35 1.13
U.S. JULY 1934 138 0.85-1.50 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 CALCULATED BY FORMULAS
WHICH TAKE INTO ACCOUNT THE CURRENT MONTH'S 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.
JULY 1935 JUNE 1935 JULY 1934
SECTION 1 $1.13 $1.12 $1.11
2 1.27 1.27 1.29
-3 1.01 1,02 1.01
4 1.13 1.17 0.95
5 1.07 1.10 0.95
6 1.23 1.26 1.09
U.S. AVERAGE 1.13 1.13 1.09


NET WHOLESALE SELLING PRICES IN CARLOTS -


F.O.B. DISTRIBUTING POINTS JULY 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 M4LK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14t oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2;55-285 $2.69 $4.50-4.85 $4.74
NEW YORK CITY 2.55-2.80 2.67. 4.31-4.90 4.65
PHILADELPHIA 2.55-2.85 2.67 4.75-4.85 4.82
CHICAGO 2;50-2.75 2.58 5.25 5.25
CLEVELAND 2.45-2.85 2.60 -
ST. LOUIS 2.50-2.75 2.60
KANSAS CITY 2.50-2.75 2;61
MINNEAPOLIS-ST.PAUL 2.50-2.70 2.60
ATLANTA 2.50-2,70 2.59
NEW ORLEANS 2.50-2.70 2.59 4.02-5.00 4.21
DENVER 2.50-2.70 2.59
SEATTLE 2.45-2.77 2.61 -
SAN FRANCISCO 2.35-2.70 2.56 5.39 5.39
Los ANGELES 2.35-2.70 2.54 5.39 5.39
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JULY 1935
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDEMN ED
(PER CASE OF ( PER CASE OF (BULK PER CWT.)
48 14- oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.69 $4.78 $7.40 $4.51
MIDDLE ATLANTIC 2.65 4.63 8.17 4.22
SOUTH ATLANTIC 2.64 4.93 7.29 4.65
E. N. CENTRAL 2.58 5.25 7. 5 4.42
W. N. CENTRAL 2.58 -7.18 4.60
SOUTH CENTRAL 2.61 4.58 7.40 4.65
NORTH WESTERN 2.64 5.39 7.40 4.65
SOUTH WESTERN 2.60 5.39 7.38 4.65
U. S. AVERAGE
JULY 1935 $2.62 $4.80 $7.38 $4.50
U. S. AVERAGE
JUNE 1935 $2.80 0$4.80 $7.64 $4.67
U. S. AVERAGE
JULY 1934 $2.53 $4.73 $6.99 $4.46


STOCKS OF EVAPORATED MILK AT NEW RECORD LEVELS


A FURTHER PILING UP OF EVAPORATED
MILK IS REFLECTED IN THE REPORT OF MANU-
FACTURERS1 STOCKS AS OF AUGUST I. EXCEED-
ING BY OVER 50 MILLION POUNDS THE FIGURE
FOR JULY I, WHEN A NEW ALL-TIME RECORD
HIGH WAS REACHED, AUGUST I STOCKS OF
339 978,000 POUNDS WERE 135 MILLION POUNDS,
OR 66 PERCENT, GREATER THAN THAT OF
AUGUST I LAST YEAR, AND 81 MILLION POUNDS
ABOVE THE AUGUST I AVERAGE OF THE PAST
FIVE YEARS, THE PREVIOUS HIGH RECORD FOR
AUGUST WAS REACHED IN 1929, WHEN MANU-
FACTURERS' STOCKS WERE REPORTED AS


281,137,000 POUNDS.
OFFSETTING TO SOME EXTENT THE
HEAVY CARRYOVER OF MANUFACTURERS RECENTLY,
ARE THE LIGHTER INVENTORIES OF WHOLESALE
GROCERS. THE LATEST INFORMATION ON THE
LATTER SITUATION APPLIES TO JUNE 30, AT
WHICH TIME STOCKS OF A SAMPLE GROUP OF
THIS CLASS OF DISTRIBUTORS WERE 40 PER-
CENT BELOW A YEAR EARLIER. DURING THE
SECOND QUARTER OF THE YEAR, WHOLESALE
GROCERS STOCKS DECREASED ALMOST 30 PER
CENT, WHILE DURING THE SAME QUARTERLY


(CONTINUED ON NEXT PAGE)
AUGUST 1935


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STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
OWN OR STOCKS OF OTHfRS; 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 :'ILK CONDENSED MILK
____(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON AUG. I, 1935 339,978,051 LBS. 16,158,679 LBs. 13,101,812 LBS.
NO. OF FIRMS REPORTING* 38 8 30

COMPARISON FOR SAME FIRMS:
AUGUST I, 1935 333,978,051 LBS. 18,158,679 LBS. 12,816,683 LBS.
JULY I, 1935 287,204,067 LBS. 16,511,339 LBS. 12,322,900 LBS.
SCHANGE DURIMG MONTH +18.38% + 9.98% +4.01
FIRMS IN COMPARISON 38 8 29
AUGUST I, 1935 338,817,017 LBS. 18,158,679 LBS. 12,813,283 LBS.
AUGUST I, 1934 203,824,894 LBS. 17,155,688 LBS. 9,189,161 LBS.
o CHANGE FROM PREV. YEAR +66.23% + 5.85% +39.44%
FIRMS IN COMPARISON* 36 8 27

PRODUCTION
COMPARISON FOR SAME FIRMS:
JULY, 1935 198,976,540 LBS. 3,884,858 LBS. 12,485,915 LBS.
JUNE, 1935 252,943,906 LBS. 4,602,963 LBS. 17,573,213:LBS.
CHANGE DURING MONTH -21.34% -15.60% -28.95%
FIRMS IN COMPARISON* 37 7 30
JULY, 1935 198,695,806 LBS. 3,884,858 LBS. 12,297,183 LBS.
JULY, 1934 180,018,609 LBS. 5,752,397 LBS. 9,291,647 LBS.
SCHANGE FROM PREV. YEAR +10.38% -32.47% +32.35%
FIRMS IN COMPARISON* 35 7 28
FINAL REVISIONS FOR LAST MO NH:
TOTAL STOCKS ON JULY I, 1935 287,204,067 LBS. 16,511,339 LBS. 13,058,657 LBS.
ESTIMATED PRODUCTION JULY,1935 209,278,000 LBS. 3,885,000 LBS. 19,449,000 LBS.

* FlRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

JULY JUNE
1935 1934 1935 1934
TOTAL PURCHASES 440,679,773 LBs 402,062,928 LBS 44777,7,014 LS 369,657,030 LBS
NUMBER OF PRODUCERS 107,777 95,393 95,785 81,642
AVERAGE DAILY
PURCHASES PER
PRODUCER 131.90 LBS 135;96 LBS 155.50 LOS **150.93 Los
PERCENTAGE CHANGES
IN 1935 COMPARED 2.99 + 3.08
WITH 1934


PERCENTAGE CHANGE IN JULY 1935 COMPARED WITH JUNE 1935
PERCENTAGE CHANGE IN JULY 1034 COMPARED WITH JUNE 1934


-15.22
- 9.92


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

(CONTINUED FROM FIRST PAGE)


STOCKS INCREASED
OF THE LATTER,
POINTED OUT THAT
IN MARCH AND APRIL
LOWEST EVER


TRADE OUTPUT OF EVAPORATED MILK IN
MAY AND JUNE WAS QUITE LOW, COMPARED WITH
A YEAR EARLIER, AS BUYERS WERE INCLINED
TO HOLD OFF FOR PRICE DECLINES WHICH THEY
CONSIDERED WERE INEVITABLE, AND WHICH DID
OCCUR LATER. AVERAGE WHOLESALE SELLING
PRICES OF EVAPORATED CASE IN JULY WERE 15
TO 20 CENTS PER CASE CELOW JUNE, ALTHOUGH
NOT DOWN TO THE JULY 1934 AVERAGE.
BURDENSOME STOCKS HAVE INCREASED SELLING
PRESSURE RECENTLY. A CONSIDERABLE
INCREASE OF SALES UNDER PRIVATE LABELS IS
REPORTED. PRELIMINARY INFORMATION REGARD-
WIN TRADE OUTPUT FOR JULY SUGGESTS THAT
WHILE THE QUANTITIES MOVED WERE NOT AS
GREAT AS IN JUNE, THEY- WERE' WE;LI. It EXCESS
OF SALES IN JULY, 1934.


PRODUCTION OF EVAPORATED'CASE
GOODS IN JULY IS ESTIMATED AS AROUND
209,000,000 POUNDS, REPRESENTING AN
INCREASE OF 10 PERCENT OVER JULY OF LAST
YEAR. IN RELATION TO JUNE, THERE WAS A
SEASONAL DECREASE OF 21 PERCENT, COMPARE[
WITH AN AVERAGE REDUCTION OF 17 PERCENT.
JULY PRODUCTION WAS WELL UNDER BOTH MAY
AND JUNE, 3UT WAS THE LARGEST ON RECORD
FOR THAT MONTH. FOR THE CALENDAR YEAR T
AUGUST I, EVAPORATED MILK PRODUCTION
EXCEEDED THE CORRESPONDING PERIOD OF 193.
3Y 210 MILLION POUNDS, OR 20 PERCENT.
CONDENSED CASE PRODUCTION WAS
RELATIVELY LIGHT IN JULY, AMOUNTING TO
3,885,000 POUNDS, A DECREASE OF 15 PER
CENT UNDER JUNE AND 32 PERCENT UNDER
JULY, 1934. STOCKS OF THIS CLASS OF
GOODS ON AUGUST I, TOTALLING 18,158,000
POUNDS, WERE SLIGHTLY ABOVE A YEAR AGO,
DUT LESS THAN AVERAGE, SELLING PRICES
IN JULY AVERAGED THE SAME AS IN JUNE.


1U.S. DIEPOt ATORY j


AUGUST 1935


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PERIOD MANUFACTURERS'
600 PERCENT. IN CASE
HOWEVER, IT SHOULD 3E
MANUFACTURERS' STOCKS
OF THIS YEAR WERE THE
REPORTED.