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:
AA00013239:00067


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS

MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(OCTOBER 1936)

No. 206 WASHINGTON, D.C. OCTOBER 22, 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 SEPTEMBER 1936*
NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
NEW ENGLAND $ $ -
MIDDLE ATLANTIC 6 T/ 178-185 183 3
SOUTH ATLANTIC 2 1.66-1;71 1.69
E. NORTH CENTRAL 87 1.59-2.15 1.75
W. NORTH CENTRAL 10 1.52-1.78 1.67
SOUTH CENTRAL 13 1.45-1.80 1.59
NORTH WESTERN 11 1,56-1.78 1I69
SOUTH WESTERN 22 1.40-1.91 1.78
U.S. SEPT. 1936 151 1.40-2.15 1.74
U. S. AUG. 1936 149 1.41-2.15 1.74
U.S. SEPT. 1935 141 1.05-1.50 1.22
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 AVERi.GES ARE NOT AVAILABLE AT THIS TIME.
I/ REPORTS NOT RECEIVED FROM TEN FACTORIES IN THESE AREAS WHICH BASE PRICES ON
FORMULA IN EVAPORATED MILK MARKETING AGREEMENT. FORMULA PRICE FOR THIS AREA
IN SEPTEMBER $1.66.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
SEPTEMBER 1936 AUGUST 1936 SEPTEMBER 1935
SECTION I 1.75 1.76 $1.23
2 1.83 1.81 1.37
3 1.54 1.62 1.08
4 1.66 1.66 1.25
5 1.70 1.66 1.16
6 1.83, 1.83 1.33
U. S. AVERAGE 1.74 1.74 1.22
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS SEPTEMBER 1936


(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW /ARE BASED ON THE REPORTS MADE
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS1 DISTRIBUTING POINTS
CASH OR SHORT TIME CREDIT.


BY MANUFACTURERS
ON BASIS OF


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 IILK
(PER CASE OF 48 14- oz. CANS)


RANGE


$3.00-3.40
3.00-3;40
3.00-3.40
3.09-3.30
2.90-3.30
2.90-3.30
3.09-3.30
2.90-3.30
3.09-3.30
2.90-3.30
3.09-3.30
3.09-3.47
2.95-3.30
2.99-3.30


AVERAGE


1.2 I .


$3.29
3.27
3.27
3.18
3.19
3 17
3.20
3.16
3.19
3.20
3.19
3.20
3.08
3.07


CONDENSED MILK
(PER CASE OF 48-- 14 oz. CANS)


RANCE


$4.40-5.00
4.40-5.00
4.35-5.00
5.25



.4.40
4.25-5.00


AVERAGE
$4.73
4.71
4.80
5.25



4.40
4.43


AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS SEPTEMBER 1936
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 $3.25 $4.69 $8.58 $5.53
MIDDLE ATLANTIC 3.21 4.69 9.00 5.54
SOUTH ATLANTIC 3.22 4.66 9.00 6.13
E. N. CENTRAL 3.17 4.87 8.86 5.81
W. N. CENTRAL 3.17 4.87 8.58 5;69
SOUTH CENTRAL 3.18 4.66 9.00 6.13
NORTH WESTERN 3.19 5.39 9.00 6.25
SOUTH WESTERN 3.11 5,39 9.00 6.13
U. S. AVERAGE
SEPT.1936 $3.19 $4.78- $8.83 $5.79
U. S. AVERAGE
AUG. 1936 $3.20 $4.82 $8.86 $5.74
U. S. AVERAGE
SEPT. 1935 $2.59 $4.77 $7.25 $4.62

RECORD SEPTEMBER PACK OF EVAPORATED MILK MARKET REMAINS FIRM

The strong demand for evaporated milk siderable support to the market. Selling prices
this fall is reflected in the production trend are generally unchanged this month.
since mid-summer. September production not only
reached an all time record for that month, but Sales of evaporated milk by manufacturers
was an increase over August, reversing the usual have been heavy throughout this season. Data
seasonal trend, which had always been a decrease, for September aro not yet available, but for the
Manufacturers' stocks of evaporated milk on first eight months of the year, the increase in
October 1 were heavier than a month earlier, but 1936 trade output over the corresponding period
were so far below usual inventories on that of 1935, was 18.0 percent. The increase above
date, that this particular situation lent con- amounted to more than 200,000,000 pounds. Not
(Continued on next page)
OCTOBER 1936






STOCKS AND PRODUCtION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS; AND WHETHER SOLO 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 MI K
(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON OCT. I, 1936 160,578,167 LBS. 12,109,165 LBS. 12,362,554 LBS.
No. OF FIRMS REPORTING* 38 8 31
COMPARISON FOR SAME FIRMS:
OCT. I, 1936 158,606,999 LBS. 12,109,165 LBS. 12,313,173 LBS.
SEPT.1, 1936 102,021,173 LBS. 11,115,984 LBS. 12,248,106 LBS.
% CHANGE DURING MONTH +55.46% + 8.93% + 0.53%
FIRMS IN COMPARISON 36 8 29
OCT. 1, 1936 158,046,156 LBS. 12,109,165 LBS. 12,197,376 LBS.
OCT. I, 1935 343,088,926 LBS. 17,348,989 LBS. 8,124,490 LBS.
% CHANGE FROM PREV. YEAR -53.93% -30.20% +50.131
FIRMS IN COMPARISON* 35 8 28
PRODUCTION
COMPARISON FOR SAME FIRMS:
SEPT. 1936 182,038,846 LBS. 4,423,361 LBS. 14,119,264 LBS.
AUG. 1936 179,307,943 LBS. 4,738,131 Las. 13,070,046 LBS.
o CHANGE DURING MONTH + 1.52% 6.64% + 8.03%
FIRMS IN COMPARISON* 35 7 29
SEPT. 1936 181,835,310 LBS. 4,423,361 LBS. 13,415.,907 LBS.
SEPT. 1935 131,943,051 LBS. 3,900,567 LBS. 9,585,653 LBS.
CHANGE FROM PREV. YEAR +37.81 LBS. +13.401 +40.0
FIRMS IN COMPARISON* 34 7 7

FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON SEPT. 1,1936 102,021,173 LBS. 11,115,984 LBS. 12,249,517 LOS.
ESTIMATED PRODUCTION SEPT.1936** 185,780,000 LBS. 4,567,000 LBS. 17,881,000 LOs.
FINAL PRODUCTION SEPT.1935 134,809,000 LBS. 4,027,000 LBS. 12,772,000 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISION.
AVERAGE DAILY PURCHASES PER PRODUCER*

SEPTEMBER AUGUST
1936 1935 1936 1935
TOTAL PURCHASES 326,773,424 LBS 292,499,282 LBS 346,283,163 LBS 354,041,366 LBS
NUMBER OF PRODUCERS 104,314 95,076 103,505 99,015
AVERAGE DAILY
PURCHASES PER
PRODUCER 104.42 LoS 102.55 LBS 107.92 LDS 115.34 Los


PERCENTAGE CHANGES
IN 1936 COMPARED
WITH 1935
PERCENTAGE
PERCENTAGE


+ 1.82


- 6.43.


CHANGE IN SEPT. 1936 COMPARED WITH AG. 1936 -3.24
CHANGE IN SEPT. 1935 COMPARED WITH AUG. 1935 -.09
CHANGE 'IN SEPT. 1935 COMPARED WITH AUG. 1935 --.1.09


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


all of the past few months' sales have as yet
moved into actual consumption, for preliminary
tabulations of stocks in hands of wholesale
grocers on September 30 reveal that this class
of distributors was carrying more than double
the stocks of a year earlier, but active buying
and the firm asking prices of manufacturers
are definite indications of the healthy. tone of
the market.

Manufacturers' stocks on October 1 are
reported as 160,578,000 pounds, compared with
343,132,000 pounds on October 1 of last year,
and a 1931-35 average for that date of
207,872,000 pounds. Except for 1931, this
year's October 1 stocks were the lowest for
that date since 1926. In 1931, the quantities
on hand Octoberl utc only 136,000,000 pounds,
but it is to be noted that in 1931, production
of evaporated milk was lower than in either of
the two preceding years, and trade movement was
sluggish, particularly during the latter part of
the year. :

September production of evaporated case
goods, estimated at approximately 186,000,000


pounds, was a 38.0 percent increase over
September 1935, and was 39,000,000 pounds heavier
than the previous September high, which occurred
in 1934. The seasonal change from August to
September this year was an increase of 1.5 per
cent. In 1935, the comparison was a 16.0 percent
decrease, and during the past five years the
average August-September change was a 15.5 per
cent decrease. Production this year was
apparently stimulated by the strong market tone
and the relatively light supplies of this class
of goods.

Average wholesale selling prices of
evaporated case in September of $3.19 per case
represented no material change from August,
although prices in some areas averaged slightly
higher, due principally to different manu-
facturers selling in these areas. The above
average price for September was 60 cents per
case above the September 1935 average. Prices
to producers supplying condenseries averaged
the sane as in August, $1.74 per cwt. for 3.5
percent milk, but were 52 cents per cwt. above
August 1935.


OCTOBER 1936


1,696 EL90 Z9ZI
I 11111 1111111111 IIII ll 1 1111 II I I


PAGE 2


UNIV. OF FL LiI.





LU.Sl. DEPOTORY




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