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:
AA00013239:00054


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UNITED SfATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS.,
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(SEPTEMBER 1935)
No. 193 WASHINGTON, D.C. SEPTEMBER 24, 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 PAID PRODUCERS FOR 3.54 MILK


. F 0. B. FACTORY FOR A 5*


GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND -$ -
MIDDLE ATLANTIC 6 1.18-1.44 1I31
SOUTH ATLANTIC 2 1.02-1.18 1.10
E. NORTH CENTRAL 86 1.11-1.38 1.18
W. NORTH CENTRAL 9 1.02-1,28 1.09
SOUTH CENTRAL 9 1.01-1.09 1.03
NORTH WESTERN 10 1.01-1,25 I, I
SOUTH WESTERN 20 1.12-1.33 1.28
U.S. AUG. 1935 142 1.01-1.44 1.18
U.S. JULY 1935 142 0.98-1.40 1.13
U.S. AUG. 1934 138 0.88-1.67 1.21
*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.
AUGUST 1935 JULY 1935 AUGUST 1934
SECTION I $1.18 $1.13 $1.23
2 1.31 1.27 1.39
3 1.04 1.01 1.18
4 1.19 1.13 1.06
5 1.09 1.07 .. 05
6 1.29 1.23 1.21
U.S. AVERAGE 1.18 1. 13 1.21
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS AUGUST 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 MILK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14I oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.50-2.80 $2.65 $4.50-4.89 $4.75
NEW YORK CITY 2,50-2.80 2.65 4.31-4.90 4.65
PHILADELPHIA 2.50-2.80 2.64 4.75-4.87 4.82
CHICAGO 2.45-2.70 2.55 5.25 5.25
CLEVELAND 2.45-2.70 2.54 -
ST. LOUis 2.45-2.70 8.56 -
KANSAS CITY 2.45-2.70 2.57- -
MINNEAPOLIS-ST.PAUL 2.45-2.70: 2.56
ATLANTA 2.45-2.70 2.58
NEW ORLEANS 2.45-2.70 2.58 4.02-5.00 4.20
DENVER 2.45-2.70 2.58 -
SEATTLE 2.45-2.70 2.60 -
SAN FRANCISCO 2.45-2.70 2.53 5;39 5.39
Los ANGELES 2.40-2.70 2.50 5.39 5,39

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS AUGUST 1935
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDEN ED
(PER CASE OF (PER CASE OF I (BOLK PER CWT.)
48 14- oz. CANS) 48 t4 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.64 $4.78 $7.25 $4.45
MIDDLE ATLANTIC 2.60 4.63 7.21 4.29
SOUTH ATLANTIC 2.58 4.93 7.29 4.71
E. N. CENTRAL 2.55 5.25 7.05 4.45
W. N. CENTRAL 2.55 6.81 4.57
SOUTH CENTRAL 2.55 4.43 7.25 4.80
NORTH WESTERN 2.61 5.39 7.25 4,80
SOUTH WESTERN 2.55 5,39 7.25 4.80
U.S. AVERAGE
AUG.1935 $2.58 $4.77 $7.14 $4.60
U.S. AVERAGE
JULY 1935 $2.62 $4.80 $7.38 $4.50
U.S. AVERAGE
AUG.1934 $2.53.. $4.731 $6.83 $4.45

STOCKS OF EVAPORATEb MIIKC CONTINUE TO CLIIB
The tendency for stocks to accumulate in milk in August was 154,158,000 pounds, repre-
manufacturers' hands which had featured ovapo- senting a decrease of 6.5% under last year, so
rated milk markets for several previous months that the increase in stocks vwas mostly due to
continued in August, and reports from manu- a slowing up of the movement into consumption.
facturers as of September 1 revealed that
another now high record was reached on that Estimated trade output in August of
date. The amounts on hand totaled 358,779,000 141,554,000 pounds was 137 million pounds less
pounds, which was an increase of 5.5 percent than in July, and 64,000,000 pounds less than
over August 1, and an increase of 114.5 percent August of last year. In making this comparison,
over the stocks held by manufacturers on however, it should b.e noted that in.August 1934,
September 1, 1934. Production of evaporated markets were in a stronger position, and
(Continued on next page)
SEPTEMBER 1935








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 MO NH INCLUDE REPORTS FROM
PRACTICAL AY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
S: EVAPORATED MILK CONDENSED MILK CONDENSED MILK
(CASE GOODS) (?CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON SEPT. 30, 1935 358,779,607 LBS. 18,460,352. LBS. 11,138,088 LBS.
NO.-OF FIRMS REPORTING* 38 8 28
COMPARISON FOR SAME FIRMS:
SEPTEMBER ., 1935 358,779,607 LBS. 18,460,352 LBS. 11,124,888 LBS.
SAU'GUST "1, 1935 339,978,051 LBS. 18,158,679 LBS. 1.3,216,872 LBs.
% CHANGE DURING MONTH + 5.53% + 1.66 --15.83%
FIRMS IN COMPARISON 38 8 : 27
SEPTEMBER 1, 1935 354,068,930 LBS. 18,460,352 LBS. 10,593,349 LBS.
SEPTEMBER 1, 1934 165,072,006 LBS. 17,432,461 LeS. 8,440,357 LBS.
% CHANGE FROM PREV. YEAR +114.49% + 5.90 +25.51%
FIRMS IN COMPARISON* 35 8 25
PRODUCTION"
COMPARISON FOR SAME FIRMS:
AUGUST, 1935 156,910,451 LBS. 4,331,256 LBS. 10,942,643 LBS.
JULY, 1935 198,976,540 LBS, 3,884,858 LBS. 12,979,822 LBS.
% CHANCE DURING MONTH -21.14% '. +11.49% -15.69%
FIRMS IN COMPARISON* .37 7 29
AUGUST, 1935 154,..58,326 LBS. 4,331.,256 LBS. 10,326,562 LBS.
AUGUST, 1934 64,945,504 LBS. 6,470,937 LBS. 9,195,443 LBS.
% CHANGE FROM PREVIOUS YEAR -,6.54% -33.07 +12.30%
FIRMS IN COMPARISON*' 34 7 26
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON AUG. 1, 1935 339,978,051 LBS. 18,158,-679 LBS. 13,955,761 LBS.
ESTIMATED PRODUCTION AUG. 1935 1'61,929,000 LBS.: 4,468,000 LBS. 17,221,000 LBS.
FIRMS, NOT FACTORIES.- SOME FIRMS OPERATE MORE THAN ONE FACTORY.
AVERAGE DAILY PURCHASES PER P-RODUCER*

AUGUST JULY
1935 1934 1935 -1934
TOTAL PUBCHASES 379,885,537 LBS 362,212,748 LBS 440,679,773 LBS 402,062,928 LBS
NUMBER OF PRODUCERS 104,851 94,013 107,777 95,393
AVERAGE DAILY
PURCHASES PER
PRODUCER 116.87 LBS 124.28 LBS 131.90 LBS 135.96 LBS
PERCENTAGE CHANGES
IN 1935 COMPARED 5.96 2.99
WITH 1934 _


PERCENTAGE CHANGE IN AUG. 1935 COMPARED WITH JULY 1935 -
S PERCENTAGE-CHANGE IN AUG. 1934 COMPARED WITH'JULY 1934 -


* THESE FIGURES INCLUDE MILK
AND CONDENSED MILK,


PURCHASED


--I 139
- 8.69


PRIMARILY FOR.THE MANUFACTURE OF EVAPORATED


(Continued from, first page)


consumption was unusually heavy, amounting to
206,000,000 pounds. The 1935 situation differs
considerably from that of a year ago in that
the usual buyers of evaporated milk are holding
off in their purchases and apparently are not
taking goods much beyond their immediate
requirements. The price situation has had con-
siderable to do with this, for during recent
months wholesale selling prices have dropped.
The August average wholesale selling price for
the entire"country was $2.58 per case, compared
with.$2.62 in July. Last year the August
average was $2.53 per case. ..

Some talk is heard of price shading,
although it is reported that this is not
extensive. It is also reported that certain
manufacturers have hold to asking prices in
anticipation of an improved market later on,
and for this reason sales are not being pushed,
regardless of the heavy supplies on hand. The


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falling off of trade output in August, however,
is important, for it was sufficiently heavy to
make the accumulative trade output for the
calendar 'yeor almost 31- percent less than the
corresponding period of 1934, whereas at the end
of July there was an increase of over 2 percent.
The calendar year reduction in terms of volume
amounts to 42,500,000 pounds. On the other hand,
there was an increase of production during this
same period, amounting to 198,500,000.pounds,
or 16 percent over 1934.

Production of condensed case in August
was one-third less than in August, 1934 and
amounted'to but 4,331,000 pounds. Stocks of
condensed case on September 1 were slightly
heavier.than.last ye-r, as well as the previous
month, but are¬ burdensome, amounting to
but 18,640,000 pounds.



UNIV. OF FL.LS.


U.i 'S.EPOTO

U.SJJ. DePCOTORY


SEPMTiE8R i035




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