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:
AA00013239:00055


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Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(OCTOBER 1935-
~ ~ ~ ~ ~ ~ ~


WA8HINGTON. D.C.


OCTOBER 22, 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 PRO


rn_ P. RA(F~TORV FOP RFPTFMRER 1935*


GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECT I ONS ____________
REPORTING RANGE AVERAGE
NEW ENGLAND $ -
MIDDLE ATLANTIC 6 1.25-1.50 1 37
SOUTH ATLANTIC 2 1.06-1 23 1.15
E. NORTH CENTRAL 85 1.14-1.41 1.23
W. NORTH CENTRAL 9 1,06-1.31 1 14
SOUTH CENTRAL 9 1,05-1.09 1,06
NORTH WESTERN 10 I JI-1.29 1.18
SOUTH WESTERN 20 1.3-1.38 1 26
U.S. SEPT. 1935 141 1,05-1 50 .1.22
U.S. AUG. 1935 142 1,01-1.44 1.18
U.S. SEPT. 1934 .139 0,97-1.79 1.17
*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 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.
SEPTEMBER 1935 AUGUST 1935 SEPTEMBER 1934
SECTION I $1 23 $1.18 $1.17
2 1.37 1 31 1.39
3 1.08 .04 1,06
4 125 1.19 1.12
i 5 1.16 109 1.11
6 1.33 1_29_ 1.31
U.S. AVERAGE 1.22 1.18 1.17
NET WHOLESALE SELLING PRICES IN CARLOTS -F.0.B. DISTRIBUTING POINTS SEPTEMBER 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 14- oz, CANS:) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.50-2.80 $2.66 $4.50-4.87 $476
NEW YORK CITY 2.50-2.80 2.66 4.31-4.90 4.65
PHILADELPHIA 2.50-2.80 2.62 4.75-4.87 4.,83
CHICAGO .2,.50-2.70 2,57 5.25 5.25
CLEVELAND 2.45-2.70 2.51
ST. LOUIS 2.45-2.70 2.57
KANSAS CITY 2.45-2.70 2.58
MINNEAPDLIS-ST.PAUL 2.45-2.70 2.58
ATLANTA 2. 50-2.70 2.59
NEW ORLEANS 2.50-2.70 2.59 4.02-5.00 4.20
DENVER 2.50-2.70 2.58 .
SEATTLE 2.0-2.70 2;63 -
SAN FRANCISCO 2.40-2.70 2.51 5.39 5.39
Los ANGELES 2.35-2.70 2.51.. 5.39 .5.39
AVERAGE WHOLESALE SELLING PRICES GY GEOGRAPHIC SECTIONS -.SEPTEMBER 1935
UNSWEETENED EVAPORATED SWE TENED CONDENSED SWEETENED CONDENSED
iPER CASE OF (PER CASE OF. BULK PER CWT.)
48 14: OZ. CANS) 48 14 OZ, CANS) UNSKIMMED SKIMMED
NEW ENGLAND: $2.64 $4.78- -$7.28 $4.57
MIDDLE ATLANTIC 2.61 4.63 7.41 4i32
SOUTH ATLANTIC 2.60 4.93 7.44 4i94
E.-.N. CENTRAL 2.54 5.25 7.07 4,42
W. N. CENTRAL 2.55 7.17 4.76
SOUTH CENTRAL 2.56 .. 4.43 7.44 4i94
NORTH WESTERN 2.63 5.39 7.44 4.94
SOUTH WESTERN 2.55 5.39 7.10 4.94
U. S. AVERAGE
SEPT. 1935 $2.59 $4.77 7 $7.25 $4.62
U. S. AVERAGE
AUG. 1935 $2.58 $4.77' I $7.14 $4.60
U. S. AVERAGE
SEPT. 1934 $2.54 $4.73 $6.77 $4.50


EVAPORATED MILK STOCKS LOWER GOVERNMENT BUYS FOR RELIEF DISTRIBUTION


An increased movement of evaporated milk
into channels of consumption during September
placed the market on that commodity in a
position more favorable to manufacturers than a
month ago. Stocks in manufacturers' hands are
still extremely heavy, however, despite a
reduction during September of 15,00,000 pounds',
compared with an average reduction during that
month of around 9,500,000 pounds. Deliveries
on recently awarded Government contracts for


relief distribution will shortly begin to
supplement regular trade requirements, which
along with seasonal reductions in production
lend 'support.

September production of evaporated milk
was 6 percent below September, 1934, and 16
percent under August, the latter change being
about the same. as the average rate of decrease
during the preceding five years. Total esti-


(Cantinued.on next page)
OCTOBER 1935.


NO. 194


WASHINGTON D.C.


--~---~----------


........... .... ww v






STOCKS AND PRODUCTION OF, EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
PWN 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
DELI VERED.
STOCKS AND PRODUCTION FIGURES FOR'THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK.INDI.CATEDO
EVAPORATED MILK CONDENSED MILK CONDENSED MILK
(CASE GOODS) CASE GOODS) BULK GOODS_
TOTAL STOCKS
TOTAL STOCKS ON OCT. I, 1935 343,131,991 LBS. 17,349,000 LBS. 8,181,619 LBS.
NO. OF FIRMS REPORTING* 38 8 31
COMPARISON FOR SAME FIRMS:
OCTOBER 1, 1935 343,131,991 LBS. 17,349,000 LBS. 8,181,619 LBS.
EPTEMBER I, 1935 358,779,607 LBS. 18,460,352 LBS, 10,941,393 LS.
SCHANGE DURING MONTH 4.36. 6,02 o -25.22%
FIRMS IN.COMPARISON 38 8 31
OCTOBER I, 1935 342,149,850 LBS, 17,349,000 LBS. 8,i058,540 LBS.
OCTOBER i, 1934 172,305,547 LBS. 15,891,476 LBS. 8,808,393 LBS,
SCHANGE FROM PREV. YEAR +98.57% + 9.17% 8.51\
FIRMS IN COMPARISON* 36 8 28
PRODUCTION
COMPARISON FOR SAME FIRMS:
SEPTEMBER, 1935 131,943,051 LBS. 3,900,567 LBS. 9,916,875 LBS.
AUGUST, 1935 156,910,451 LBS. 4,331,256 LBS. 10,832,897 LBS.
%CHANGE DURIMG MONTH -15.91% 9,94 8.46%
FIRMS IN COMPARISON* 37 7 31
SEPTEMBER, 1935 131,569,499 LBS. 3,900,567 LBS. 9,785,456 LBS.
SEPTEMBER, 1934 139,827,497 LBS. 4,138,195 LBS. 9,107,001 LBS.
SCHANGE FROM PREV. YEAR 5.91% 5.70% -+ 7.45%
FIRMS IN COMPARISON 35 7 28
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON SEPT. 1,1935 358,779,607 LBS. 18,460,352 LBS. 11,648,190 LBS.
ESTIMATED PRODUCTION SEPT.1935 138,202,000 LBS. 3,928,000 LBS; 14,990,000 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.

AVERAGE DAILY PURCHASES PER PRODUCER*

SEPTEMBER AUGUST
1935 1934 1935 1934
TOTAL PURCHASES 323,517,448 LBS 305,648,446 LBS 379,885,537 LBS 362/212,748 LBS
NUMBER OF PRODUCERS 101,939 93,117 104,851 94,01,3
AVERAGE DAILY
PURCHASES PER
PRODUCER 105.79 LBS 109.41 LBS 116.87 LBS 124.28 LBS
PERCENTAGE CHANGES
IN 1935 COMPARED 3.31 5.96
WITH 1934
D


PERCENTAGE CHANGE IN SEPT. 1935 COMPARE
PERCENTAGE CHANGE IN SEPT. 1934 COMPARED WITH Auo. 1934


PURCHASED PRIMARILY FOR THE MANUFACT


* THESE FIGURES INCLUDE MILK
AND CONDENSED MILK.


- 0 .418
-11.96
URE OF EVAPORATED


(Continued from first page)


mated production in September was 138,202,000
pounds, compared with 146,883,000 pounds last
year. Manufacturers' stocks on October 1
amounted to 343,132,000 pounds, an increase of
98 percent over October 1, 1934 and 87 percent
above the October 1 five-year average
(1930-1934). Stocks of creamery butter are
also heavier than last year, as well as con-
siderably above average, although the market
on both of these two classes of goods appears
to retain a steady position.

Wholesale selling prices of evaporated
milk to regular trade were practically the same
in September as in August, averaging $2.59 per
case, with the lowest price of $2.35 per case
reported from the Pacific Coast. The top price
reported for the month was $2.80 per case,
September prices averaged 5 cents per case above
a year earlier, the same relationship that
existed in August.


Government bids opened recently called
for 200,000-cases, and awards were actually
made for 216,800 cases, equivalent to 9,430,800
pounds. Prices at which awards were made ranged
from $2.05 to $2.22 per case. Deliveries will
be largely from plants in the Middle West,
although most of the condensory sections are.
represented in the awards. These deliveries
are scheduled to begin the latterpart'of October.

Stocks of condensed case on October 1
totaled 17,349,000 pounds, an increase of 9.2
percent over the same date last year. Production
in September was 5.7 percent under last. year,
and amounted to only 3,901,000 pounds. Average
wholesale selling prices of condensed case in
September were the same as in August, $4.77
per case, and ranged from $4.02 to $5.39.


F UNIV. OF FL LI- .




tU.S. DEPCOTOY


OCTOBER 1935


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