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:
AA00013239:00064


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UNITED STATES DEPARTMENT OF AGRICULTURE I
BUREAU OF AGRICULTURAL ECONOMICS .....
MARKET NEWS SERVICE ..
MONTHLY. EVAPORATED AND CONDENSED MILK MARKET PORT
(JULY 1936)
No. 203 WASHINGTON.D. C. JULY 24, 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 L


F%. 0. 8. RACI'T0RY. FOR *MJINE 1936*


GEOGRAPHIC SECTION NUMBER OF FACTOR ES PRICE PER CWTo
REPORTING RANGE AVERAGE
NEW ENGLAND $ -$
MIDDLE ATLANTIC 6 1 45-1.48 1.47
SOUTH ATLANTIC 2 1.27-1.40 I 34
E. NORTH CENTRAL 86 1.33-1.55 1,.58
W. NORTH CENTRAL 9 1;24-1.43 1,34
SOUTH CENTRAL 13 1.22-1.45 1.31
NORTH WESTERN 17 1I29-1.58 1.41
SOUTH WESTERN 22 1.27-1,5 1.49
U.S. JUNE 1936 149 1722-1.58 1.39
U.S. MAY 1936 147 1.11-1.55 1.29
U.S. JUNE 1935 142 0.97-1.35 1.13
* NOTE: THE INFORMATION CARRIED IN THE BOD" OF THIS .~ABLE APPLIES TO THE PREVIOUS
MONTH RATHER THAN THE CURRENT MONTH. UNDER THE PROVI: i'NS OF THE EVAPORATED MILK
MARKETING AGREiCMENT NOW IN EFFECT, PRICES PAID PRODUCL..,3 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.


I/ REPORTS
FORMULA
IN JUNE


NOT RECEIVED FROM TEN FACTORIES IN THESE AREAS WHICH BASE PRICES ON
N EVAPORATED MILK MARKETING AGREEMENT. FORMULA PRICE FOR THIS AREA
1.42.


PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
JUNE 1936 MAY 1936 JUNE. 1935
SECTION I $1.38 $1.28 $1.12
1 2 1.;47 1;35 1.27
3 1.31 1.18 1.02
4 1.38 1.29 1.17
5 1.41 1.30 1.10
6 1.54 1.49 1.26
U.S. AVERAGE 1.39 1.29 1.13
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS JUNE 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.


F. 0. B.


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUis
KANSAS CITY
MINNEAPOLIS-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
Los ANGELES


EVAPORATED M4LK
(PER CASE OF 48 14^ OZ. CANS)l


RANGE


R AVRG


$2.85-3.15
2.85-3.15
2.85-3.15
2.77-3.05
2.75-3.05
2.79-3.05
2.84-3.05
2.70-3.05
2.84-3.05
2.75-3.05
2.84-3.05
2.84-3.05
2.70-3.05
2.70-3 05


$3.02
3.03
3.01
2.92
2.92
2.93
2.95
2.94
2.95
2.95
2.95
2.94
2.85
2P83


CONDENSED MILK
(PER CASE OF 48 14 OZ. CANS)


RA- L
$4.50- ,-.85
4.31-4.90
4.35-4.85
5.25




4.02-5.00


AVERAGE
$4.73
4.64
4.65
5.25




4.21


AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JUNE 1936
UNSWEETENED EVAPORATED SWE TENED CONDENSED SWEETENED CONDENSED
PERCHC ASE OFPER CASE OFBULK PR CWT)
48 14q oz. CANS) 48 -14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.01 $4.78 $7.94 $4.96
MIDDLE ATLANTIC 2.98 4.63 7.90 4.82
SOUTH ATLANTIC 2.99 4.93 -7.94 5.13
E. N. CENTRAL 2;92 5.25 .7.83 4.98
W. N. CENTRAL 2;93 -7.57 4.91
SOUTH CENTRAL 2.94 4.56 7.94 5.13
NORTH WESTERN 2.96 5.39 7.94 5.27
SOUTH WESTERN 2.89 5.39 7194 5S13
U. S. AVERAGE
JUNE 1936 $2.95 $4.80 $7.84 $5.00-
U. S. AVERAGE
MAY 1936 $2.96 $4.80 $7.86 $4.98
U. S. AVERAGE
JUNE 1935 $2.80 $4.80 $7.64 $ 4.67'

PRICES OF EVAPORATED MILK ADVANCE MARKET FIRM


Evaporated milk markets continue very
firm in July at prices which at the close of
the month were approximately 25 cents per case
higher than in June. The prevailing firmness
reflects in part the relatively unfavorable
production which exist in many areas, and which
have not yet showed signs of improving


sufficiently to avoid a further falling off.
The June pack, estimated at approximately
266,199,000 pounds, was slightly less than in
June 1935, although it should be noted that
in 1935, tho.heaviest June production on record
occurred. Scattered reports regarding July
suggest thatin several of the important


(Continued on next page)
JULY 1936


AVERAGE







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 SOLb OR CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM


"n-*r A, II rn nirn .,nrlil~rrrnnl Nfl~ TLUr Cl ar~EFC fle


MIL1K INDICATED.


RK I UIGL .Ly -LUL riivIo IVIAWIne U ur r,. ii '.J-fl I 'J-,- --.-----...--
EVAPORATED M LK CONDENSED MI K CONDENSED MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON JULY I, 1936 186,359,265 LBS. 11,275,251 LBS. 14,081,769 LBS.
NO. OF FIRMS REPORTING* 37 8 30
COMPARISON FOR SAME FIRMS:
'JULY I, 1936 186,359,265 LBS. 11,275,251, LBS. 14,081,769 LBS.
JUNE 1, 1936 141,774,079 LBS. 8,251,523 LeS. 9,084,373 LBS.
% CHANGE DURING MONTH +31.45% +36.64% 55.01%
FIRMS IN COMPARISON 37 8 30
JULY 1, 1936 186,147,464 LBS, 11,275,251 LBS. 14,08!,769 LBS.
JULY 1, 1935 287,062,895 LBS. 16,511,339 LBS. 12,415,821 LBS.
% CHANGE FROM PREV. YEAR -35.15% -31.71% +13.42%
FIRMS IN COMPARISON* 36 8 30
PRODUCTION .
COMPARISON FOR SAME FIRMS:
JUNE, 1936 251,753,046 LBS. 4,127,121 LBS. 19,505,596 LBS.
MAY, 1936 235,437,455 LBS. 4,746,453 LBS. 16,952,302 LBS.
% CHANGE DURING MONTH + 6.93% -13.05% +[5.06%
FIRMS IN COMPARISON* 36 7 31
JUNE, 1936 251,534,154 LBS. 4,127,121 LBS. 19,505,596 LBS.
JUNE, 1935 252,688,590 LBS. 4,602,963 LBS. 17,812,003 LBS.
% CHANGE FROM PREV. YEAR 0.46% -10.34% + 9.51%
,FIRMS IN COMPARISON* 35 7 31

FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JUNE I, 1936 141,774,079 LBS. 8,251,523 LBS. 9,373,898 LBS.
ESTIMATED PRODUCTION JUNE 1936** 266,199,000 LBS. 4,173,000 LBS. 29,364;000 LBS.
ESTIMATED PRODUCTION JUNE 1935** 267,429,000 LBS. 4,654,000 LBS. 26,814,000 LBS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISIONS.
AVERAGE DAILY PURCHASES PER PRODUCER*

JUNE MAY
1936 1935 1936 1935
TOTAL PURCHASES 441,918,671 LBS 442,369,096 LBS 424,735,029 LBS 412,037,198 LBS
NUMBER OF PRODUCERS 103,966 102,209 97,402 99,213
AVERAGE DAILY
PURCHASES PER
PRODUCER 141.69 LBS 144.27 LBS. 140.67 LBS 133.97 LBS
PERCENTAGE CHANGES
IN 1936 COMPARED 1.79 + 5.0-
WITH 1935


PERCENTAGE CHANGE IN JUNE 1936 COMPARED WITH-MAY 1936
PERCENTAGE CHANGE IN JUNE 1935 COMPARED WITH MAY 1935


- + 7.69
+ 7.69


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


condensery areas, production has dropped con-
siderably. The full effect of the drought,
insofar as it may influence this summer's pro-
duction of evaporated milk, was not felt in
June, but will be more in evidence when the
report for July becomes available. The seasonal
increase in evaporated milk production during
June this year was slightly greater than the
average of the past five years, both in terms
of percentage change and volume, the percentage
increase for June over May this year being 6.9
percent, compared with a 5.6 percent average.
The volume increase during June over May this
year was approximately 16& million pounds,
compared with an average June average of ll2
million pounds during the 1931-35 period.

Average wholesale selling prices in
June were practically the same as for May.
Some price increases were announced during the
month, but since the first of July, a more or
less general advance of around 25 cents per
case has occurred. Anticipation of these
advances was responsible for some active buying,
and supplies in many cases are said to be
light. Total stocks in manufacturers' hands on
July 1 were reported as 186,359,000 pounds, an


increase of 31.4 percent during the month of
June, but a decrease of over 35.0 percent under
July 1, 1935. The increase of stocks on July 1
this year over June 1 was less than the usual
increase during this period.

Prices paid producers will be higher in
July than in June if present butter prices are
maintained, for according to the evaporated
milk marketing agreement, prices to producers
supplying milk to condenseries are based in
part upon prevailing butter quotations. Butter
production during June showed a much greater
decrease under a year earlier than occurred on
evaporated milk, and this falling off in make,
along with relatively light stocks in cold
storage has tended to keep butter markets
generally firm. Wholesale butter prices are
higher now than they have been at this season
any year since 1930.


June
10.3
this
July
were


Production of condensed case goods in
was 13.0 percent less than in May, and
percent less than in June 1935. Stocks of
class of goods in manufacturers' hands on
1, amounting to only 11,275 000 pounds
about a third less than on july 1, 1935.


JULY 1936


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