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:
AA00013239:00061


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS -
MARKET NEWS $ERVIE U.S. DEP TCoY'
MONTHLY EVAPORATED AND CONDENSED M,LK MARKET REPORT
(APRIL, 1936)
No. 200 WASHINGTON, 0.C. APRIL 22, 1936
INFORMATION IN THIS MONTHS REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK ;OR CONDENSED MILK, OR BOTH.


I JIUt:b AI.Lj KUUDU.jC.ERSb.-R 3,5% I L F. 0. B.' FACTORY -OR MARCH Ib36'
GEOGRAPHIC SECTION ER OF.F.ACTORIES PRICE PER CWT.
GEOGRAPHIC SECTION
__REPORTING RANGE AVERAGE
NEW ENGLAND -$ '-
MIDDLE ATLANTIC 6 51-1.73 1.63
SOUTH ATLANTIC 2 1,33-1,43 1.38
E. NORTH CENTRAL 85 '1.43-175 1.47
W. NORTH CENTRAL 9 1.33-1.55 1.38
SOUTH CENTRAL- 9 1.32-1.33 1.33
NORTH WESTERN 10 1.29-1.53 1.44
SOUTH WESTERN 20 1.40-1.63 1. 52
U.S. MAR. 1936 141 1.29-1,75 1.47
U.S. FEB. 1936 141 1.38-1.99 1.62
U.S. MAR. 1935 142 1.19-1.74 1.42
*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 A-VERAGE 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.
MARCH 1936 FEBRUARY 1936- MARCH 1935
SECTION I $1.46 $1.64 $1.44
2 1.3 1.79 1.64
3 1.34 1.53 1.36
4 1.43 1.56 33
5 1.44 1.49 1.29
6 1.55 1.68 1.42
U.S. AVERAGE 1.47 .62 1.42


NET WHOLESALE


SELLING PRICES'IN CARLOTS F.O.B. DISTRIBUTING POINTS


- MARCH 1936


(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.
EVAPORATE? MILK CONDENSED MILK
F. O. 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 $4.50-4.85 $4;73
NEW YORK CITY 2.55-3.15 2.97 4.31-4.90 4.64
PHILADELPHIA 2.55-3.15 2.95 4.75-4.85 4.82
CHICAGO 2.55-3.05 2;91 5.25 5.25
CLEVELAND 2 55-3.05 2.91 -
ST. Louis 2.55-3.05 2.91
KANSAS CITY 255-3.05 2.91 -
MINNEAPOLIS-ST.PAUL 2.55-3.05 2.90 -
ATLANTA 2 84-3.05 2.95' -
NEW ORLEANS 2.75-3.05 2.98 4.02-4.50' 4.26
DENVER 2.84-3.05 2.95. -
SEATTLE 280-3.05 2.94 -
SAN FRANCISCO 2.74-3.05 2.88 -
Los ANGELES 2.74-3.05 2.87 --
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS MARCH 1936
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSEb
(PERICASE OF (PER CASE OF (BULK PER CWT.)
48 14; oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $2.93 $4.78 $805 $4.95
MIDDLE ATLANTIC 2.94 4.78 8;05 4.90.
SOUTH ATLANTIC 2.93 4.93 '805 5.15
E.N.CENTRAL 2.90 5.25 '7.97 5.06'
W.N.CENTRAL 2.90 8.00 5,07
SOUTH CENTRAL 2.83 4.43 8.05 5.10
NORTH WESTERN 2.87 5.39 8.05 5.25
SOUTH WESTERN 2.90 5.39 8.05 5.15
U. S. AVERAGE
MAR. 1936 $2.91 $4.81 $8.02 $5.04
U. S. AVERAGE
FEB. 1936 $2.93 '$4.80 $8.05 $5.06
U. S. AVERAGE
MAR. 1935 $2.82 $4.79 $7.64 $4.72

STEADY TONE IN EVAPORATE. MILK MARKETS INVESTORIES .LOW
The tone of evaporated milk markets in still low as compared with recent months, as
April is steady. Production has shown slightly well as with previous years at this season.
more than the usual seasonal increase, but Until the past week when butter prices broke
stocks have been movirig fairly well and are sharply, dairy markets as a whole have shared
(Continued-on next page)
********************************************************************************
NOTICE: THE.MAILING LIST FOR THIS REPORT WAS RECENTLY CIRCULARIZED. THIS
IS THE LAST COPY WHICH WILL BE SENT TO YOUR ADDRESS, UNLESS THE CARD WHICH *
WAS PROVIDED IS RETURNED, -OR WE ARE OTHERWISE ADVISED OF YOUR DESIRE TO HAVE *
THE REPORT CONTINUED. *
.L 1 *

APRIL 1936


,,,,,, ,,.,.,,,-..^__^___ ___,


_~____ -___ ~~~__~~ ~,_,~,





PAGE 2


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 THEtR 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 MILK CONDENSEDD MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON APR.. 1,1936 42,597,452 LBS. 2,962,638 LBS. 2,477,4,10 LBS.
NO. OF FIRMS REPORTING* 36 .8 28
COMPARISON FOR SAME FIRMS:
APRIL 1, 1936 42,597,452 LBS. .2,.962,638 LBS. 2,477,410 LBS.
MARCH I, 1936 45,374,954 LBS. 3,659,483 LBS. 2,063,110 LBS.
0 CHANGE DURING MONTH 6.12% -19.04 +20.08
FIRMS IN COMPARISON 36 8 .. 28
APRIL I, 1936 42,597,452 LBS. 2,962,638 LBS. 2,477,410 LBS.
APRIL I, 1935 39,980,440 LBS.. 3,714,411 LBS. 4,421,040 LRS.
% CHANGE FROM PREV. YEAR + 6.55% -20.24% -43.04%
FIRMS IN COMPARISON* 36 8 28
PRODUCTION
COMPARISON FOR SAME FIRMS:
MARCH, 1936 142,775,704 LBS. 4,114,301 LBS. 11,302,199 LBS.
FEBRUARY, 1936 111 ,785,683 LBS, 4,211,483 LBS. 9,519,176 LBS.
% CHANGE DURING MONTH + 27.72 2.31% 18,73%
FIRMS IN COMPARISON* .35 7 28
MARCH, 1936 142,'775,704 LBS. 4,114,301 LBS. 11,302,199 LBS.
MARCH, 1935 140,123,876 LBS. 4,951,317 LBS. 8,170,482 LBS.
o CHANGE FROM PREV. YEAR 1.89% -16.90% +38.33'
FIRMS IN COMPARISON* 35 7 28

FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON MAR. I, 1936 45,374,954 LBS. 3,659,483 LBS, 2,328,528 LBS,
ESTIMATED PRODUCTION MAR.' 1936** 144,222,0500 LBS. 4,'555,000 LBS. 18,773,000 LBS.
ESTIMATED PRODUCTION MAR. 1.935** 141,547,000 LBS. 5,481,000 LBS. 13,571,000 LBS.
* FIRMS, NOT FACTORIES'. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
**SUBJECT TO REVISIONS.
AVERAGE DAILY PURCHASES: PER PRODUCER*

MARCH FEBRUARY
'_936 1935 1'936 1935
TOTAL PURCHASES 282,595,250 LBS 279,117,833 LBS 230,084,196 LBS 2378,58,564 LBS
NUMBER OF PRODUCERS 87,308 84,242 84,445 80,957
AVERAGE DAILY
PURCHASES PER
PRODUCER 104.41 LBS 106.88 LBS 93.95 LBS 104.80 LBS
PERCENTAGE CHANGES
IN 1936 COMPARED 2.31 10.35.
WITH 1935 '


PERCENTAGE CHANGE IN MAR. 1936 COMPARED.WITH FEB. 1936
PERCENTAGE CHANGE IN MAR. 1935 COMPARED WITH FEB. 1935


- +11. 13
- + 1.98


* THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FR TE;P MANUJEACTURE OF, EVAPORATED
AND CONDENSED MILK.
(Continued, from first page)


in a generally steady tone, for very much the
same reasons as above mentioned. The butter
situation was at least in part due to a lack of
buying activity on the part of some interests
who felt that price advances early in the month
had taken butter values to a point where con-
sumption might respond unfavorably, The
approach of the flush production season is an
added factor in the butter market at the moment.
Butter prices averaged slightly higher in March
this:year than last, but April prices will
average lower, for most of the month to date,
prices have been 4 to 5 cents lower than a year
ago.

The usual seasonal change in the pro-:
duction of evaporated milk during March, as
compared with February, is about a 24 percent
increase. The increase this year was close to
28 percent. Total estimated production in
March of 144,222,000 pounds was only slightly
below the highest March production of record
which was reached in March 1933. The total
pack at that time was 145,706,000 pounds. The
March increase over March, 1935, was 1,9 percent,
although for the first quarter of the year,
January to March, inclusive, there was a
decrease of 1 percent. This was caused by the
reduced pack in February. No production reports,


are as yet available for April.
Stocks of ecvaporated milk continue at a
relatively low figure. April 1 stocks reported
by manufacturers amounted to only 42,597,000
pounds, an increase of 6.5 percent over a year
earlier, but less than half of the five-year
average for i/March, which is 88,412,000 pounds.
Except for last year, April 1 stocks were the
lowest of record since 1920. Current trade
reports from some sources are to the effect
that production and sales are now about the
sare. Should production increases occur, there
would be a tendency for stocks to accumulate.
The average increase in evaporated stocks
between.April 1 and May 1 the past five years
was 16,000,000 pounds. Since 1935 the increase
was 35,000,000 pounds, the report of May 1
stocks this year will be of considerable
interest. Also of interest will be the report
of stocks held by wholesale grocers at the close
of the first quarter of the year on March 31,
which report will be available next month.
No changes of note in selling prices
have occurred during the past month, and the
March average was approximately the same as
February although 9 cdnts per case above a
year earlier,
S Production of condensed case in March
was 16.9 percent below March, 1935, but
condensed bulk was 38.3 percent greater. Stocks
of condensed case on April 1, amounting to but
2,963,000 pounds were a new low for that date.


APRIL 1936


SL96 PlL O Z9gZ C
1 1IIIIII111 IIIIII 111 111111 1 111111 1111 1111111111 1111 11111 11111




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