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:
AA00013239:00066


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


No. 205


WasHINsTON 0.C.


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 3.51 MILK F. 0. B. FACTORY FOR AUGUST 1936*
NUMBER OF FACTORIES PRICE PER CWT._
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGEE
NEW ENGLAND -1 $ $ -
MIDDLE ATLANTIC 6 T 1.80-1.83 1.81
SOUTH ATLANTIC 2 -- 1.64 1.64
E. NORTH CENTRAL 86 I.6S-2.15 1.77
W. NORTH CENTRAL 9 .59-1.78 1.70
SOUTH CENTRAL 13 1.50-1.71 1.59
NORTH WESTERN II 1.58-1.73 1.66
SOUTH WESTERN 22 1.41-1.90 1.78
U.S. AUGUST 1936 149 1.41-2.15 1.74
U.S. JULY 1936 149 1.43-1.98 1.63
U.S. AUGUST 1935 142 1.01-1.44 1.18
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.
I/ REPORTS NOT RECEIVED FROM TEN FACTORIES IN THESE AREAS WHICH BASE PRICES ON
FORMULr, IN EVAPORATED MILK MARKETING AGREEMENT. FORMULA PRICE FOR THIS AREA
IN AUGUST $1.66.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATE
MILK MARKETING AGREEMENT.
AUGUST 1936 JULY 1936 AUGUST 1935
SECTION 1 $1.76 $1.66 $1.18
2 1.81 1.69 1.31
3 1.62 1.50 1.04
4 1.66 1.55 1.19
5 1.66 1.59 1.09
6 1.83 1.74 1.29
U.S. AVERAGE 1.74 1.63 1.18
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS AUGUST 1936
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERSt DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.

EVAPORATED ILK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14, oz. CANS) (PER CAGE OF 48 14 oz. CANS)
H RANGE AVERAGE KR/NGE AVERAGE
BOSTON $3.00-3.40 $3.28 $4.40-5.00 $4.73
NEW YORK CITY 3.00-3.40 3.28 4.40-5.00 4.69
PHILADELPHIA 3.00-3.40 3.26 4.40-5.00 4.73
CHICAGO 3.09-3;30 3.18 5.25 5.25
CLEVELAND 2.90-3.30 3.17 -
ST. Louis 3.09-3.30 3.18
KANSAS CITY 3.09-3.30 3.20
MINNEAPOLIS-ST.PAUL 2.90-3.30 3.18
ATLANTA 3;09-3 30 3.19 4.40 4.40
NEW ORLEANS 2.90-3;30 3.19 4.25-5.00 4.33
DENVER 3.093-;30 3.19 -
SEATTLE 2.95-3 35 3.18
SAN FRANCISCO 2.80-3.30 3.05 -
Los ANGELES 2.80-3.30 3.06 -

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS AUGUST 1936
UNSWE TENED EVAPORATED SWEETENED CONDENSED SW ETENED CONDENSED
(PER CASE OF (PER CASE OF (BULK PER CWT.)
48 14 oz. CANS) 48- 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.27 $4.81 $9.00 $5.55
MIDDLE ATLANTIC 3.23 4.69 9;00 5.50
SOUTH ATLANTIC 3.25 4.75 9.00 6.13
E. N. CENTRAL 3.17 4;87 8.63 5.64
W. N. CENTRAL 3.19 4.87 8.56 5.80
SOUTH CENTRAL 3.20 4.66 9.00 6.13
NORTH WESTERN 3.22 5.39 9.50 6.13
SOUTH WESTERN 3.10 5,39 900 6.13
U. S. AVERAGE
AUG. 1936 $3.20 $4.82 $8.86 $5.74
U. S. AVERAGE
JULY 1936 $3.17 $4.79 $8.43 $5.39
U. S. AVERAGE
AUG. 1935 $2.58 $4.77 $7.14 $ 4.60

HEAVY. PACK OF EVAPORATED MILK IN AUGUST STOCKS VERY LOW
September evaporated milk markets are pounds below the previous low record which'- r
firm, as a result of continued light supplies reached in 1921. Stocks on September 1 of
and an active movement from manufacturers' hands. last year, totaling 358,780,000 pounds, were
Perhaps the outstanding feature of the past month thus more than three times heavier than this
has been the unusually low stocks of September 1. year, and the September 1 average during the
The amount held by manufacturers on that date was.past five year period, 1931-35, was more than
only 102,021,000 pounds, a new low record for double that of the current year. All dairy
September 1, and a reduction of 12,000,000 products are now in light supply, although


(CONTINUED ON NEXT PAGE)
SEPTEMBER 1936


SEPTEMBER 23, 133O







PAGE 2
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
WN 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
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 CONDENSED MILK
(CASE GOODS) ,CASE GOODS) BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON SEPT. 1,1936 102,021,173 LBS. 11,115,984 LBS. 12,111,723 LBS.
No. OF FIRMS REPORTING* 36 8 26
COMPARISON FOR SAME FIRMS:
SEPT. I, 1936 101,597,048 LBS. 11,115,984 LBS. 12,111,723 LBS.
AUG. I, 1936 99,638,153 LBS. 11,188,358 LBS. 13,344,363 LBS,
0 CHANGE DURING MONTH + 1.97% 0.655 9.24
FIRMS IN COMPARISON 35 8 26
SEPT. 1, 1936 101,597,048 LBS. 11,115,984 LBS. 12,111,723 LBS.
SEPT. I, 1935 358,579,687 LBS. 18,460,352 LBS. 1'0,511,450 LBS.
a CHANGE FROM PR7V. YEAR 71.670 -39.78' +15.22o
FIRMS IN COMPARISON* 35 8 26

PRODUCTION
COMPARISON FOR SAME FIRMS: PROU O
AUG. 1936 179,109,757 LBS. 4,738,i31 LBS. 11,040,825 LBS.
JULY 1936 197,507,184 LBS, 4,162,836 LBS, 12,163,023 LBS,
SCHANGE DURING MONTH 9.31% +13.82% 9.23%
FIRMS IN COMPARISON* .34 7 26
AUG. 1936 179,109 757 LBS. 4,738,131 LBS. 11,040,825 LBS.
UG. I, 1935 156,747,771 L, S 4,331,256 LBS. 9,556,037 LBS.
% CHANGE FROM PREV. YEAR + 14.27. + 9.4% + 15.54'
FIRMS IN COMPARISON 34 7 26

FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON AUG. I, 1936 99,638,153 LBS. 11,188,358 LBS. 13,653,990 LBS.
ESTIMATED PRODUCTION AUG. 1936** 183,428,000 LBS. 4,994,000 LBS. 14,280,000 LBS.
FINAL PRODUCTION AUG. 1935 160,522.000 LBS. 4,565,000 LBS. 12,359,000 LBS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISION.
AVERAGE DAILY PURCHASES PER PRODUCER*

AUGUSI JULY
1936 1935 196 I 1935
TOTAL PURCHASES 346,283,163 LBS 354,041,366 LBS 382,409,737 LBSj395,869,901 Los
NUMBER OF PRODUCERS 103,505 99,015 102,761 101,494
AVERAGE DAILY
PURCHASES PER
PRODUCER 107.92 LBS 115.34 LBS 120,04 Los 125.82 LBS
PERCENTAGE CHANGES
IN 1936 COMPARED 6.43 4.59
WITH 1935 _____
PERCENTAGE CHANGE IN AUGUST 1935 COMPARED WITH JULY 1936 -10.10


PERCENTAGE


CHANGE IN AUGUST 1935 COMPARED WITH JULY 1935


- 8.33


* THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED
AND CONDENSED MILK.
(CONTINUED FROM FIRST PAGE)


evaporated milk and butter show the heaviest re-
ductions. In terns of milk equivalents, stocks
of the principal manufactured dairy products on
September 1 were almost a third below a year ago,
and about 13.0 percent below average.

Production of evaporated milk during
August, estimated at 183,428,000 pounds, was
14.0 percent heavier than last year, and the in-
crease makes the total pack for the year 2.5
percent greater than during January to August,
inclusive, in 1935. The seasonal decrease in
August this year, as compared with July, was 9.3
percent, while the average decrease during recent
years has been 16.5 percent. August production
was the heaviest of record for that date, and
that this should have occurred at a time when
such is not the general trend of dairy production,
was probably due to the extreme shortage of
current supplies previously referred to, and
the resulting effort of numerous manufacturers
to build up reserves, or at least to retain their
prevailing supply situation. Butter production
in August was about 12.5 percent below last year,
and total U. S. nilk production as estimated for
September 1 was about 8 percent lower than in
1935 and 5 percent lower than in 1934. The


final report of the Bureau on total production
of evaporated milk in 1935, which has just
become available, shows a total pack of case
goods last year amounting to 1,838,890,000
pounds. This is an increase of 127,000,000
pounds over 1934. Production of evaporated
milk has almost doubled in the past 15 years.

Prices paid producers supplying con-
denseries, being based upon the formula set
forth in the Federal marketing agreement,
follow largely the changes in butter and
cheese markets, and thus in August were higher
than in July, the average price per cwt. for
3.5 percent milk these two months being $1.74
and $1.63, respectively. In August 1935 the
average price paid producers was $1.18 per
cwt. September prices are not generally
available as yet, although average butter and
cheese prices so far this month do not show
nuch change front August. August selling
prices, averaging $3.20 per case, were slightly
above July, and as yet there appears to be no
material change in September selling values.
Current selling prices, however, are 60 to 65
cents per case above a year ago.


SEPTEMBER 1936


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UNIV. OF FL L1.


U.S. DEPOITOw


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