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Monthly evaporated and condensed milk market report
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Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/AA00013239/00058
 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: AA00013239:00058

Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MARKET NEWS SERVICE
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JANUARY 1936)

No. 197 WASHINGTON, D.C. JANUARY 23, 1936
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 3.5% MILK F. 0. B. FACTORY FOR DECEMBER 1935*
NUMBER OF FACTORIES PRICE PER CWT,
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
NEW ENGLAND -$ $
MIDDLE ATLANTIC 6 1.65-1.89 1.74
SOUTH ATLANTIC 2 1.41-1.58 1.50
E. NORTH CENTRAL 85 1.54-1.71 1.58
W. NORTH CENTRAL 9 1.41-1.61 1.48
SOUTH CENTRAL 9 1.41-1.42 1.42
NORTH WESTERN 10 1.40-1.74 1.52
SOUTH WESTERN 20 1,42-2,00 1.64
U.S. DEC. 1935 141 1,40-2.00 1.57
U.S. NOV. 1935 141 1.20-1.90 1.49
U.S. DEC. 1934 139 1.17-1.84 1.35


* 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
MARKETING QUOTATIONS. THESE AVERAGES ARE NOT AVAILABLE AT THIS TIME.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
DECEMBER 1935 NOVEMBER 1935 DECEMBER 1934
SECTION I $1.58 $1.5 $1.35
S 2 1.74 1.68 1-57
S 3 1.42 1.34 1I26
4 1.57 1.50 1.30
5 1.50 1.39 1.32
6 1.68 1.58 1.44
U.S. AVERAGE 1.57 1.49 1.35
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS DECEMBER 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 48 142 oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.55-3.15 $2.96 $4,50-4;90 $4;78
NEW YORK CITY 2.55-3.15 2.96 4.35-4.90 4.64
PHILADELPHIA 2.55-3.15 2.95 4.75-4.88 4.83
CHICAGO 2.55-3.05 2.90 5.25 5.25
CLEVELAND 2.55-3.05 2.91 -
ST. Louis 2.55-3.05 2.90
KANSAS CITY 2.55-3.05 2 91
MINNEAPOLIS-ST.PAUL 2.55-3.05 2.90- -
ATLANTA 2.75-3.05 2 94
NEW ORLEANS 2.75-3.05 2.93 4.02-5.00 4.20
DENVER 2.75-3.05 2.94
SEATTLE 2.65-3.05 2.95
SAN FRANCISCO 2.70-3.05 2.89
Los ANGELES 2.70-3.05 2.87 -
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS DECEMBER 1935
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
(PER CASE OF (PER CASE OF (BULK PER CWT.)
48- 14- oz. CANS) 48- 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.97 $4.78 $7.95 $4.89
MIDDLE ATLANTIC 2.95 4.63 8.61 4.83
SOUTH ATLANTIC 2.94 4.93 7.95 5.10
E. N. CENTRAL 2.80 5.25 7.91 4.93
W. N. CENTRAL 2.90 7.54 4.86
SOUTH CENTRAL 2.90 4.43 7.95 5.10
NORTH WESTERN 2.96 5.39 7.95 5.18
SOUTH WESTERN 2.92 5.39 8.08 5.13
U.S. AVERAGE
DEC. 1935 $2.91 $4.77 $7.97 $4.98
U.S. AVERAGE
Nov. 1935 $2.73 $4.77 $7.56 $4.86
U.S. AVERAGE
DEC. 1934 $2.53 $4.73 $6.83 $4.47

EVAPORATED MILK MAdKETS FIRM AT HIGHER PRICES
Evaporated milk markets in January have pounds. QGirrent supplies at the first of the
been without any unusual or outstanding develop- year were thus more than 50 percent below, those
ments. Trading has continued on a firm basis, of both last, year and average. The December
and stocks remain low, as goods have moved well reduction of stocks was approximately
and production increases have not been suffici- 18,000,000 pounds, whereas in December, 1934,
ently large to cause any appreciable difference there was a reduction of close to 47,000,000
in the immediate tone of the market. pounds.' In view of the lighter reserve supplies
Supplies of evaporated milk in manu- this year, however, the smaller current pro-
facturers' hands on January 1 were relatively duction is not so significant as it might
light, totaling but 72,916,000 pounds, the otherwise be. Probable trade output of evapo-
lightest stocks on that date since 1927. Last rated milk in December, which takes into account
year, total stocks held by manufacturers were production, stocks and foreign trade, is likely
156,793,000 pounds, and the January 1 average to be 10 to 15 percent lower than in December,
from 1931 to 1935, inclusive, was 160 275 000 1934,. when trade output was reported at
(Continued. on neyt page)
JANUARY 1936


I





PAGE 2


STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
OWN OR STOCKS 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 MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK CONDENSED MI*K CONDENSED MILK
(CASE GOODS) (CASE GOODS) ('BULK dOODS)"
TOTAL STOCKS
TOTAL STOCKS ON JAN. 1, 1936 72,916,046 LBS.' 8,828,524 LBS. 2,731,792 LBS.
No. OF FIRMS REPORTING* 36 8 32
COMPARISON FOR SAME FIRMS:
JANUARY I, 1936 72,916,046 LBS. 8,828,524 LBS. 2,731,792 LBSI
DECEMBER I, 1935 91,249,674 LBS. 11,697,252 LBS. 3,'239,585 LBS.
SCHANGE DURING MONTH -20.09% -24.521 -15.67%
FIRMS IN COMPARISON 36 8 32
JANUARY I, 1936 72,916,046 LBS. 8,828,524 LBS. 2,731,792 LBS.
JANUARY 1, 1935 154,673,950 LBS. 10,515,928 LBS. 7,298,114 LBS.
% CHANGE FROM PREV. YEAR -52.86% -16.05 -62.57%'
FIRMS IN COMPARISON* 36 8 32,
PRODUCT I ON
COMPARISON FOR SAME FIRMS:
DECEMBER, 1935 100,252,134 LBS. 3,820,022 LBS. 10,774,679 LBSs
NOVEMBER, 1935 86,238,461 LBS. 3,602,409 LBS. 8,592,849.LBS.
% CHANGE DURING MONTH +16.25% + 6.07% +25.39%.
FIRMS IN COMPARISON* 36 7 32.
DECEMBER, 1935 100,252,134 LBS. 3,320,922 LBS.' 10,774,679 LBS.
DECEMBER, 1934 91,572,366 LBS. 4,103,726 LBS. 6,633,579 LBS.
% CHANGE FROM PREV. YEAR + 9.48% 6.89% +62.43%,
FIRMS IN COMPARISON* 36 7 32
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON DEC. I, 1935 91,249,674 LBS. 11,697,252 LBS. 3j372,792 LBs.
ESTIMATED PRODUCTION DEC. 1935 102,872,000 LBS. 3,824,000 LBS. 17,581,000 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
AVERAGE DAILY PURCHASES PER PRODUCER*

DECEMBER NOVEMBER
1935 1934 1935 1934
TOTAL PURCHASES 217,255,668 LBS 220,694,197 LeS 209,436,537 LBS 227,149,598 LBS
NUMBER OF.PRODUCERS 87,138 85,631 90,376 86,014
AVERAGE DAILY
PURCHASES PER
PRODUCER 80.43 LBS 85.63 LBS 77.25 LBS 88.03 LBS
PERCENTAGE CHANGES
IN 1935 COMPARED 6.07 12.25
WITH 1934
PERCENTAGE CHANGE IN DEC. 1935 COMPARED WITH NOV. 1935 + 4.12
PERCENTAGE CHANGE IN DEC. 1934 COMPARED WITH NOV......934-- -- 2.73
* THESE FIGURES INCLUDE MILK PURCHASED PRIMAwRTvFOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
SUMMARY OF 1935 STATISTICS

AVERAGE PRICES AVERAGE WHOLESALE SELLING MANUFACTURERSt STOCKS ON
PAID PRODUCERS PRICES FOB DISTRIBUTING IST. F EACH MONTH
3Y CONDENSERIES POINTS (POUNDS
MONTH FOB FACTORY EVAPORATED CONDENSED
(3.51 MILK CASE GOODS CASE GOODS EVAPORATED CONDENSED
PER CWT.) (PEq CASE OF (PER CASE OF CASE CASE
48-14 oz. CANS) 48-14 OZ. CANS)
JAN. $1.46 $2.67 $4.73 156,793,000 10,516,000
FEB. 1.57 2.83 4.77 59,791,000 8,068,000
MAR. 1.42 2.82 4.79 28,914,000 5,153,000
APR. 1.46 2.83 4.80 39,993,000 3,714,000
MAY 1.23 2.83 4.80 74 145,000 5,552,000
JUNE 1.13 2.80 4.80 179,684,000 12,284,000
JULY 1.13 2.62 4.80 287,204,000 16,511,000
AUG. 1.18 2.58 4.77 339,978,000 18,159,000
SEPT. 1.22 2.59 4.77 358,780,000 18,460,000
OCT. 1,31 2.59 4.77 343,132,000 17,349,000
Nov. 1.49 2.73 4.77 229,065,000 14,678,000
DEC, 1.57 2.91 4.77 91,250,000 I1,697,000
(Continued from first page)


137,600,000 pounds. This is in considerable
contrast to the showing in November, during
which month there was a 100 percent increase
over a year earlier, due quite largely to the
depleted condition of supplies held by whole-
sale grocers and other distributors.

December production of evaporated milk,
estimated at approximately 103,000,000 pounds,
was an increase of 9.4 percent over the previous
year, and an increase of 16.2 percent over the
preceding month. In November, the comparisons
with a year earlier and the previous month
were both decreases.


The firm tone of evaporated milk markets
during the past two months is reflected in the
higher wholesale selling prices which prevailed.
The general U.S. average selling price of evapo-
rated case in December was $2.91 per case,
compared with $2.73 in November and $2.53 in
December, 1934. Condensed case averaged $4.77
per case in both November and December, which
price was only 4 cents per case. above the
December, 1934 average. Prices paid producers
by condensaries for December milk varied
according to sections of the country, but on
the average were 8 cents per cwt. above November
prices, and 22 cents per cwt. above a year
earlier.

F UNIV. OF FL LIT .


JANUARY 1936


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