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:
AA00013239:00068


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Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BURrAU OF AGRI CULTURAL ECONOMICS
MONTHLY EVAPORATED AND COi 'ENSED VI LK ,MARKET REPORT
(NOVEMBER 1936)
No. 207 WASHINOTONI D.C. NOVEMBER 23, 1936
INFORMATION IN THIS MOMTH'S REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CAbE GOODS EVAPORATED MILK OR CONDENSED MILK, OR BOTH.


PdICES PAID PRC~D'ICRFh Fflp Fi5r M.II K


F> (' FAC.f~ C~Tn) CyR rT5cFR 1036;*


NUMfBER OF. FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
___________ REPORTING RANGE AVERAGE
NE'.V ENGLAND $ -
MIDDLE ATLANTIC F / 1.69-1.75 1.72
SO..TH ATLANTIC 2 1.8-1 .71 1.65
E. NORTH CENTRAL 38 1.48-2.00 1.65
W, NORTH CENTRAL 10 .41-1 8 1.59
SOUTH CENTRAL 13 1.34-1.64 1.51
NORTH WESTERN 11 1.40-1.78 1.66
SOUTH WESTERN 22 1.33-1.87 1.72
U.S. OCT. 1936 152 1.33-2.00 1,65
U.S. SEPT. 1936 151 1.40-2.15 1.74
U.S. OCT. 1935 141 1.11-1t. 7 1.31
* NOTE: THE INFORMATION dARRIDt IN THE BODY OF THIS TABLE A-'PLIES TO THE OREVIOU3
MONTH RATHER TH,.N THE CURRENT MONTH. UNDER THE PROVISIONS OF THE EVAPORATED MILK
MARKETING AGREEMENT NOW IN EFFECT, PRICES PAID PRODUCERS APE CALCULATED BY FORMULAS
WHICH TAKE INTO ACCOUNT THE CURRENT MONTH'S AVE'.,GE WHOLESALE BUTTER AND CHEESE
MARKETING QUOTATIONS. THESE AVERAGES /.RE NOT AVAILABLE AT THIS TIME.
I/ REPORTS NOT RECEIVED FROM TEN F CTORIES IN THESE iREAS WHICH BASE PRICES ON
FORMULA IN EVAPORATED MILK MARKETINGG AGREEMENT. FORMULA PRICE FOR THIS AREA
1N OCTOBER $1.55.

PRICES PAID PRODJUCRS ACrO.-,r ING To GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
OCTouER 1936P SEPTEMBER 130G OCTOBER 1935
SECTION I 1. $1.75 $1.31
S 2 1.72 1.83 1.47
3 .54 1.54 1.15
4 .0 .66 1.34
S.I6 1.70 1.P4
.7G 1.83 1.45
U. S. AVERA/ E .R 5 1.74 1.31
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.P. DISTRIBUTING POINTS OCTOBER 1936
(CA E. ooL.e)
THE WHOLESALE PRICES G I VEN BELO.' ARE rNSED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTU-,L SALES DELIVERED ;-T MAN'UF, CTURCEG' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F. 0. B.


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. LOUis
KANSAS CITY
M1 NNEAPOLIS-ST. PI.UL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
LOS ANGELES


EVAPORATED MILK
(PER CA1E OF 48 14, oz. CANS)


RAN;J1E


- 1- -?


R AN G E Av.L. GC


$3.00-3.40
3.00-3.40
3.000-3.40
3.09-3.30
2.90-3.30
3.09-3.30
3.09-3.30
2.90-3.30
3.09-0. 30
2.90-3.30
3.09-3.30
3.09-3;32
2.95-3.30
2.95-3.30


$3.28
3.28

3.13
3.18
3.19
3. 19
3.19
3.19
3.20
3.19
3.20
3.08
LSOB


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


RANGcE
$4.40-5. 00
4.35-5.00
4.35-5.00
5.25



4.40
4.25-5.00.


AVERAGE
$4.75
4.72
4.75
5.25



4.40
4.69


AVERAGE -HOLESiALE SELLING PRICES PY ,EOGRAPHIC SECTIONS OCTOBER 1936
UNSWEETENED [IVA OR;,TED SWEETENED CONDENSED SWEETENED CONDENSED
LPER CASE CF (PER CtASE OF BULK PER CWT.
48 141 z. CANS) 43 14 OZ. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.27 $4.81 $8.75 $5.50
MIDDLE ATLANTIC 3.22 4.69 -8.83 5.52
SOUTH ATLANTIC 3.25 4.75 8.75. 6.00
E. N. CENTRAL 3.18 4.87 8.58 5.50
'fi. N. CENTRAL 3.19 4.87 8.44 5.72
SOUTH CENTRAL 3.19 4.66 8.75 6.00
NORTH WESTERN 3.20 5.39 8.75 6.17
SOUTH WESTERN 3.11 5.39 8.75 6.00
U. S. AVERAGE
OCT. 1936 $3.20 $4.82 $8.65 $5.68
U. S. AVERAGE
SEPT. 1936 $3.19 $4.78 $8.83 $5.79
U. S. AVER/.GE
OCT. 1935 $2.59 _$4.77 $7.23 $4.62
RECORD PRODUCTION EVAPOFATED ILK CONTINUED IN OCTOBER


The exceptionally heavy fall production
of evaporated ,..ilk has resulted in the accumu-
lation of large stocks in manufacturers' hands,
according to reports received by the U.S. Bureau
of Agricultural Economics. Regardless of this,
however, and the fact that wholesale grocers are
carrying stocks almost twice the amounts of a
year ago, markets remain full steady to firm,
and prices continue at unchanged lcvels. The
production of this class of goods has shown
greater percentage increases than other manu-


facturei dairy products, although the unusually
favorable fall has caused increases in the case
of most all products. There still appears to
be reason for expecting that .ilk production
will fall off materially as winter feeding gets
under way, for there is a shortage of grain
feeds, and prices are relatively high. Heaviest
fall production of milk has occurred in areas
where favorable pasture relieved feed shortages,
and according to crop reports, pastures in some
of the most important dairy sections were


(CONTINUED ON NEXT PAGE)
NOVEMBER 1936


AvEn cc






PAGE 2'
STOCKS AND PRODUCTION CF EVAPORATED AND CONDENSED MILK

TOTAL STOCKS INCLUDE ALL STOCKS HELD CY 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 MANUFACTURE


NG THE CLASSES


OF


MILK INDICATED.


TOTAL STOCKS ON Nov. I., 1936
NO. OF FIRMS REPORTING*


COMPARISON
NOVEMBER
OCTOBER
l CHANGE


FOR SAME FIRMS:
1, 1936
I, 1936
DURING MONTH


FIRMS IN COMPARISON
NOVEMBER I, 1536
NOVEMBER I, 1935
o CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*

COMPARISON FOR SAME FIRMS:
OCTOBER, 1936
SEPTEMBER, 1936
/ CHANGE DURING MONTH
FIRMS IN COMPARISON*
OCTOBER, 1936
OCTOBER, 1235
7 CHANGE FROM PREV, YEAR
FIRMS IN COMPARISON*


EVAPOR,.'TED MILK
(CASE GOODS)


251,751,162 LBS.
38


251,751,162 LES.
160,708,667 LBS.
+56.65%
38
247,946,024 LBS.
229,065,492 LBS.
+ 8.24%
35


1I6,573,459 L8S.
183,316,335 Los.
+ 1.78o
37
184,722,749 LBS.
103,402,680 LBG.
+78.364e
34


CONDENSED MI K
(CASE GOODS)

TOTAL STOCKS
11,689,009 LBS.
7


11,639,009 LBS.
12,109,165 LBS.
3.47%
7
11,699,000 LBS.
14,678,492 LBS.
-20.37%
7


PRODUCTION


3,262,381 LBS.
4,423,361 LES.
-26.25%
7
3,262,381 LBS.
3,733,010 LBS.
-12.61
7


C NDENSED MI K
BULK GOODS)


11,089,123 LBS.
30


11,081,995 LBS.
12,150,524 LBS.
8.79%
29
11,079,327 LBS.
5,240,.86 LBS.
.+111.41%
27



10,407,515 LBS.
12,517,257 LBS.
-16.85%
28
10,315,552 LBS.
7,800,732 LBS.
+32.23%
27


FINAL REVISIONS FOR LTST MONTH:
TOTAL STOCKS ON NOv. I, 1336 160,708,667 LBS. 12,109,1,5 LBS. 12,362,554 LBS.
ESTIMATED PRODUCTION OCT. 1336** 188,840,000 LBS. 3,380,000 Lis. 14,925,000 LBS.
FINAL PRODUCTION OCTOBER 1935 105,710,000 LBs. 3,868,06C LS. I 1,287,000 LBS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN\i ON[ FPCTORV.
** SUBJECT TO REVISION.

AVERiAGE DAILY PURCHASES PER PRODUCER*

OCT03ER __ SEPTEMBER
1936 1935 1935 1935
TOTAL PURCHASES 330,877,681 LBS 255,827,483 Los 326,773,424 LBS 292,409,282 LES
NUMEER OF PRODUCERS 103,776 93,475 104,314 95,076
AVER/.GE DAILY
PURCHASES PER
PRODUCER 99.96 LSS 88.29 LS 10,4.42 LSS 102.55 LBS.
PERCENTAGE CHANGES
IN 1936 COIVPARED + 13.22 4 1.82
WITH 1935


PERCENTAGE CHANGE IN OCT. 1936 COMPARED WITH SEPT. 1936 4.27
PERCENTAGE CHiNGE IN OCT. 1935 COMPARED WITH SEPT. 1935 -13.91


THESE FIGURES INCLUDE MILK PURCHASED PRIMARILY FOR THE MANUFACTURE OF EVAPORATED


AND CONDENSED MILK.


(CONTINUED FROM FIRST P/.GE)


supplying about the usual quantity of feed
until late in October.


Evaporated milk production in October
estimated at approxima-ely 189,000,000 pounds,
was the largest ever recorded for that month,
exceeding the production of October 1935 by
78.6 percent. The seasonal change fro!. Septem-
ber to October this year was an increase of 1.7
percent, compared with an usual decrease during
this period of 8.0 percent. With an increase
over last year in October alone of around
80,000,000 pounds, the calendar year increase
up to November 1 amounts to 170,000,000 pounds
over the corresponding ton months period of
1935. Total production January to November,
inclusive, was 1,820,000,000 pounds, compared
with 1,651,000,000 pounds during the ten months
period of 1935, a percentage increase of 10.2
percent.

Stocks of evaporated milk in manufacturers'
hands on October 1 were close to the lowest on
record for that datc, being only 161,000,000
pounds. A year earlier, stocks amounted to
343,000,000, and the October 1 average (1931-35)
was 208,000,000 pounds. During October, however,
stocks increased 56.6 percent, with the result
that on November 1 they were at a record high for
this date. Manufacturers' inventories on
November 1 show 251,751,000 pounds, compared
with 229,065,000 pounds last year, and a
November 1 five-year average of 191,087,000

ZL66 QCL9O Zm9
S i 11 1 u rlie llllll lll IIIII IIII I I lI II 1 III III1111 I 1111 I


pounds. i'holcsale grocers stocks on September
30, the i:.te covered by the last quarterly
survey, were 99.2 percent greater than a year
earlier, and 83.6 percent greater than on June
30. With such quantities on hand, these distri-
butors have bought less heavily, and trade out-
put of manufacturers has naturally decreased.
This was the case, not only in October, but in
September as well. The drop in trade output
during October under October, 1935 was more
than 50 percent, but for the calendar year to
November 1, there is still a net gain over last
year.
'Wholesale selling prices of evaporated
milk continue along at the same general level
prevailing since July 1. The U. average for
October was $3.20 ner case, compared with $2.59
in October.1935. Prices naid producers for
milk received during October averaged $1.65 per
cwt., compared wit.i $1.74 in September, and
$1.31 in October of last year. These changes
were influenced by changes in wholesale prices
of butter, which form the basis of calculations,
according to the Federal Marketing Agreement.
Butter prices in October averaged more than 2
per oound below the September average, but were
about 7? higher than a year earlier.
Production of condensed case goods in
October a.ountin- to less than 3 500,000 lbs.,
was 12.6% below last year, and stocks on
November 1 were 20.0% less. Wholesale selling
prices in October averaged $4.82 per case,
compared with $4.78 S b L.
in October 1935. "E A
OCUMENT p. T

I I A 41 4


OF MILK INDICATE




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