Monthly evaporated and condensed milk market report

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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:
AA00013239:00056


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(NOVEMBER 1935)
No. 195 WASHINGTON D.C. NOVEMBER 21, 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.


IC ULF PAID PRODUCERS FOR 3.5 MILK F. 0. B. FACTORY FOR C IUbUt Ia3E o
GEOGRAPHIC SECTIONS NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ -$ -
MIDDLE ATLANTIC 6 1.36-1,67 1 47
SOUTH ATLANTIC 2 1.14-1.31 1.23
E. NORTH CENTRAL 85 1.23-1.52 1.31
W. NORTH CENTRAL 9 1,14-1.39 1.21
SOUTH CENTRAL 91.14 1.14
NORTH WESTERN 0 I. |--138 1.27
SOUTH WESTERN 2 1.16-1.65 1.40
U.S, OCT, t9355 j41 ..1... .i 1i1-1.67 1.31
U.S. SEPT. 9935 J 41 1.05-1.50 _1.22
U.S. OCT. J934 140 1.04-1.68 1.20


*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
MARKETING QUOTATIONS. THESE AVERAGES ARE NOT AVAILABLE AT THIS TIME.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
OCTOBER 1935 SEPTEMBER 1935 OCTOBER 1934
SECTION I $1.31 $1.23 $1.20
2 1.47 1.37 1.39
3 1.15 1.08 1.10
4 1.34 1.25 1.18
5 1.24 1.16 1.17
6 1.45 1.33 1.35
U.S. AVERAGE 1.31 1.22 1.20
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS OCTOBER 1935
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERSI DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.
EVAPORATED M LK CONDENSED MILK
F B (PER CASE OF 48 14j oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AvERAGe
BOSTON $2.55-2.80 $2.66 $4.50-4.87 $4.77
NEW YORK CITY 2.55-2.80 2.66 4.31-4.90 4.65
PHILADELPHIA 2.55-2.80 2.65 4.75-4,87 4.83
CHICAGO 2.50-2.70 2.56 5.25 5.25
CLEVELAND 2.45-2.70 2.55
ST. LoUIS 2.45-2.70 2.57
KANSAS CITY 2.45-2.70 2.58
MINNEAPOLIS-ST.PAUL 2.45-2.70 2.57
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 2.50-2.70 2.62 -
SAN FRANCISCO 2.35-5.70 2.51 5.39 5.39
Los ANGELES 2.35-2.70 2.51 5.39 5.39
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS OCTOBER 1935
UNSWE TENED EVAPORATED SWE TENED CONDENSED SWEETENED CONDENSED
(PER CASE OF. PER CAGE OF, BULK PER CWT.)
48 14- Oz. CANS) 48 14 oz. CANS) UNSKIMMED I SKIMMED


SNEW ENGLAND
MIDDLE ATLAwnIC
SOUTH ATLANTIC
E. N. CENTRAL
W. N. CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN


$2.65
2.62
2.60
2.55
2.57
2.58
2.62
2.55


$4.77
4.63
4.93
5.25
4.43
5.39
5.39


$7.35
7.29
7.35
7.10
7.00
7.35
7.35
7.35


$4.54
4.43
4.80
4.44
4.58
4.80
4.80
5.00


U.S. AVERAGE
OCT.1935 $2.59 $4.77 $7.23 $4.62
U.S. AVERAGE
SEPT.1935 $2.59 $4.77 $7.25 $4.62


U.S. AVERAGE
OCT.1 934


$2.53


$4.73


$6.95


$4.41


EVAPORATED MILK MARKETS FIRM HEAVY CLEARANCE OF STOCKS


All reports from distributing centers
indicate that evaporated milk is now in a very
firm position. Statistics collected by the
Bureau of Agricultural Econ. mics from nanufact-
urnrs as of November 1 show that even at that
time, markets had acquired considerable strength.
A general price advance of 20 cents per case
became effective about Novembor 15, with sono
private label brands up 25 cents. Heavy nove-
nents out of manufacturers' hands occurred in


October, and this along with a sharply reduced
production during the month, accounts for a
present situation which is in decided contrast
to that of the past few months.

Tho quarterly survey of stocks of evapo-
rated milk in the hands of wholesale grocers on
September 30, which became available during the
past month, confirms previous assumptions that
such stocks were low at that time. This report


(Continued on next page)
NOVEMBER 1935


"^


,,,,






PAGE 2
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTINGG WHETHER THEIR
WN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PROMISES, 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 M LK
(Q AE GOOOSI


C NDENSED *I IK
CASE GOODS)


CONDENSED MILK
N(ULK GOODS)


TOTAL STOCKS ON NOV. I, 1935
No. OF FIRMS REPORTING*


COMPARISON
NOVEMBER
OCTOBER
0 CHANGE
FIRMS IN
NOVEMBER
NOVEMBER
a CHANGE
FIRMS IN


FOR SAME FIRMS:
I, 1935
I, 1935
DURING MONTH
COMPARISON
I, 1S35
I, 1934
FROM PREV. YEAR
COMPARE SONS*


COMPARISON FOR SAME FIRMS:
OCTOBER, 1935
SEPTEMBER, 1935
o CHANCE DURING MONTH
FIRMS IN COMPARISON*
OCTOBER, 1935
OCTOBER, 1934
% CHANGE FROM PREV, YEAR
FIRMS IN COMPARISON*


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON OCT. 1, 1935
ESTIMATED PRODUCTION OCT. 1935


229,065,432 LBS.
37


229,065,492 LBS.
343,088',926 LBS.
-33.24%.
37
228,558,425-LBS.
212,019,632 LBS.
+ 7.80%'
35


103,402,680 .LBS.
131,943,051 LBS.
-21.63%-
36
103,094,504 LBS.
13.1,344,877 LBS.
-21.51d
34


343,131,991 LBS.
105,325,000 LOS.


TOTAL STOCKS
14,678,492 LBS.
8


14,678,492 LBS.
17,349,000 LBS.
-15.39%
8
14,678,492 LBS.
13,554,769 LBS.
+ 8.29%
8

PRODULCTInN

3,733,013 LBS.
3,900,567 LBS.
4.30%
7
3,733,019 LBS.
4,076,491 LBS.
8.43%
7


17,349,000 LBS.
3,751,000 LBS.


5,490,311 LoS.
32


5,336,513 LBS.
8,134,717 LBS.
-34.40%
31
4,739;841 LBS.
9,012,957 LBS.
-47.41%
29



8,451,439 LSS.
9,669,368 LBS.
-12.60%
31
8,705,149 LBS.
8,850,297 LoS.
1.64%
29

8,333,496 LBS.
13,830,000 LES.


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


AVERAGE DAILY PURCHASES PER; PL.ODUCER*

OCTOBER SEPTEMBER
1935 1_ 1iS'34 1935 1934
TOTAL PURCHASES 278,662,246 Los 291,616,194 LBS 323,517,448 LBS 305,648,446 Los
NUMBER OF "RODUCERS 98,789 92,844 101,939 93,117
AVERAGE DAILY
PURCHASES PER
PRODUCER 90.39 LBS 101.32 LBS 105.79 LBS 109.41 LOS
PERCENTAGE CHANGES
IN 1935 COMPARED 10.20 3.31
WITH 1934


PERCENTAGE CHANGE IN OCT. 1935 COMPARED WITH SEPT. 19305
PERCENTAGE CHANGE IN OCT. 1934 COMPARED WITH SEPT. 1934


-13.99
- 7.39


*THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(Continued from first page)


shows that on the above date whole-ale grocers'
stocks were only about half as large as on the
same date a year earlier, and that 'the increase
during the third quarter of this year, July to
September, inclusive, was only 15 percent,
compared with a 29 percent increase last year,
and an average increase of 23 percent during the
previous five years in the July to September
period.. Trade comment indicates that whole-
salers and jobbers in general who were quite low
in stocks became more aggressive buyers,
particularly in November, partly in anticipation
of the previously mentioned price advance.

Estimated production of evaporated case
in October of only 105,325,000 pounds was the
lowest for the month since 1931, and represents
a reduction of 21.5 percent under October 1934.
The reduction under September was also 21.5
percent, compared with a usual seasonal decline
of but 3 percent. The total pack for the
calendar year through October, however, still
exceeds thlt of the corresponding period of
1934 by 10.6 percent. At the end of September
the 1935 increase was 13.7 percent.

Minuf:.cturers' stocks of evaporated milk
on November 1 totaled 229,065,000 pounds, which
was 7.8 percent above November 1, 1934, but a
marked changee from tho itiution on October 1,


when current stocks were 98.5 percent greater
than a year earlier. The reduction of
114,000,000 pounds luring Octiber is the largest
October decrease of record. Of further
significance is the fact that during the past
five years the average change from October 1 to
November 1 was a slight increase. Only three
times since 1921 were November 1 stocks
heavier than those of October 1, these years
being 1930, 1933 and.last year.

Condensed milk production and stocks have
followed the same general trends as evaporated,
although the changes are not so marked. Pro-
duction in October was 1.6 percent loss than in
1934, but amounted to a total of less than
4,000,000 pounds. Manufacturers' :tocks on
November 1 (case goods) i.ere 14,678,000 pounds,
an increase of 8 percent above last ycar, but
more than 2,000,000 pounds below average for
that date. The tendency of condensed milk stock
has been downward during recent years. Five
years ago, stocks on November 1 were approximate-
ly 25 million pounds, and ten years ago they
were 35 million pounds.
Prices being paid producers by condensed
and evaporated milk plants have advanced with
changes in butter prices. The average price
paid for 3.5 percent milk in September was $1.22
per cwt., in October it was $1.31 per ewt., and
in November will be still higher.

-ij nop. FL LU
.o "-. I -1t P


NOVEMBER 1935


S l U.S. DEPOITOY


VP96 PL80 II9ZIII
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