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:
AA00013239:00076


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Full Text

UNITED STATES DEPARTMENT OF AGRICULTURE
j" BUREAU OF AGRICULTURAL ECONOMICS

"-.c.--,' MONTHLY EVAPORATED AND CONDENSED MI LK MARKET REPORT

(JULY 1937)


No. 215


W JASHIINGTOIN, C0 JULY 23, 1937
WA S, I INGTON, C----- ---


INFORMATION IN THIS MONTHIs REPORT IS FU-NISHEO BY ALL FIrPMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDEMNED MILK, OR BOTH.
PRICES PAID PRODUCERS FrO'R 3._ MIL_ K F. O. B. F,-TOjFY FOR JUNE 1937*
NUMBER OF FACTORIES F__ RI_ FEIR CWT
GEOGRAPHIC SECTIONS REPORTING RANGE v. --AERAGE
NEW ENGLAND $ $
MIDDLE ATLANTIC 6 7.2 -1.47 1.40
SOUTH ATLANTIC 3 .36- *6 1 .48
E.NORTH CENTRAL 85 1.38-1.63 1.41
W.NORTH CENTRAL 11 I15-1 .52 1.37
SOUTH CENTRAL 13 I.26- .36 .28
NORTHWESTERN II 1.30- .51 1.41
SOUTHWESTERN 22 I.36-i.67 1.51

U. S. JUNE 1937 151 1.25-1.67 1.42
U. S. MAY 1937 150 1.20-1 .69 1.43
U. S. JUNE 1936 149 1___ .2-1.8 I 1.39
*NOTE: THE INFORMATION CARRIED IN THE BODY OF THIS TAELr APPLIES TO THE PREVIOUS
MONTH RATHER THAN THE CURRENT MONTH. UNDER THE PROVISIONS OF THE EVAPORATED MILK
MARKETING AGREEMENT NOW IN EFFECT, PRICES PAID PFODUCERS ARE CALCULATED BY FORMULAS
WHICH TAKE INTO ACCOUNT THE CURRENT MONTH'S AVEPRGE WHOLESALE BUTTER AND CHEESE
MARKETING QUOTATIONS. THESE AVERAGES ARE NOT AVAILABLE AT THIS TIfE.
I/ REPORTS NOT RECEIVED FROM TEN FACTORIEr IN T':ESgC AREA WHICH BASE PRICES ON
FORMULA IN EVAPORATED MILK MARKETING AGREEMENT. FORMULA PRICE FOR THIS AREA
IN JUNE $1.47.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.

JUNE 1937 MAY 1937 JUNE 1936
SECTION I $ 1.41 $1.43 $ 1.38
2 1.43 1.51 1.47
3 1.33 1.33 1.31
S 4 1.45 1.46 I .38
S 5 1.40 1.40 1.41
6 1.60 1.60 1.54
U. S. AVERAGE 1.42 1.43 .39


NET WHOLESALE SELLING PRICES IN


CARLOTS F.O.B. DISTRIBUTING POINTS JUNE 1937


(CASE GOODS)
THE WHOLESALE PRICES GIVEN BLOW ARE BASDC ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURER&' DISTRIBUTING POINTS ON BASIS OF
CASE OR SHORT TI'E CREDIT.

EVAPORATED MILK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14' oz. CANS) (PEF CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $2.90-3.30 $3.02 $4.40-5.00 $4.70
NEW YORK CITY 2.90-3.30 3.03 4.40-5.00 4.65
PHILADELPHIA 2.90-3.30 3.01 4.40-5.00 4.69
CHICAGO 2.80-3.05 2.93 -
CLEVELAND 2.80-3.20 2.93 -
ST. Louis 2.80-3.05 2.94 -
KANSAS CITY 2.80-3,05 2.93 -
MINNEAPOLIS-ST.PAUL 2.80-3.20 2.93
ATLANTA 2.84-3.05 2.95 4.40 4.40
NEw ORLEANS 2.84-3.20 2.95 4.40-5.00 4.52
DENVER 284-3.05 2.95 -
SEATTLE 2.84-3.05 2.93
SAN FRANCISCO 2.70-3.05 2.82 -
Los ANGELES 2.70-3.05 2.82 -_ -
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JUNE 1937
UNSWE TENED 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 $3.04 $ 4.80 $8.25 $5.33
MIDDLE ATLANTIC 3.00 4.73 8.25 4.92
SOUTH ATLANTIC 3.03 4.83 8.25 6,00
E. N. CENTRAL 2.94 5.25 7.70 4.85
W. N. CENTRAL 2.96 5.25 7.67 5.22
SOUTH CENTRAL 2.97 4.73 8.25 6.00
NORTH WESTERN 2.97 5.39 8.25 6.00
SOUTH WESTERN 2.86 5.39 8.25 6.00
U. S. AVERAGE
JUNE 1937 $2.97 $ 4.89 $7.93 $5.24
U. S. AVERAGE
MAY 1937 $2.97 $ 4.89 $7.95 $5.26


U. 6. AVERAGE
JUNE 1936


$2.95


$ 4.80


_$7.84 $5.00


(CONTINUED dN NEXT PAGE)


JULY 1937






PAGE 2
STOCKS AND PRODUCT ON OC EVAPORATED !D CONDENSED MILK

TOTAL STCCKC INCLUDE ALIL STOCKS 1-,LLD 8' M,-NUFACTURL'RS REPORTING WHETHER THEIR
OWN OR STOCKS OF- O)THEFS; WNH-THER ON THE I .)WN i-'R' ,!I 1 OES, I :J STORAGE, OR IN TRA:S IT
(UNSOLD) FOR '.VREHOrUJE CONSIGNMENT=,; AND W:.:ETHER D SOLD OR CONTR, TED FOR AND NOT
DELI VERED.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ;\LL FI RMS MANUFCCTUR I NC THE C'-;,:SEC OF MILK INCIC. TED.


S:.\jAOR1 /I LK CC r .NL. IL X I; LK
E -::'S) EL__ S0__


TOTAL STOCKS ON JULY I, 1937
NO. OF FIRMS REPORTING*
COMPARISON FOR SAME FIRMS:
JULY I, 1J37
JUNE 1, 1937
;0 CHANGE DURING MONTH
FIRMS IN COMPARISON
JULY I, 1l-37
JULY I, 1 36
SCHA/.,NGE FROM PREV. YEAR
FIRMvS IN COMPARISON*

COMPARRISON FOR S,'.ME F IRMG:
JU-NE, I 37
MAY, 1 37
CHANCE DURING MONTH
FIRMS IN COrIPAsRISON*
JUNE, 1?37
JUNE, 1935
CHANGE FROM PREV. YEAR
FI RMS IN COMPARE ISON*
FINAL REVISIONS FOR L'.ST MONTH:
TOTAL STOCKS ON JUNE I, 1937
ESTIMATED PRODUCT 1 ON JUNE 1937**
EST I MATED PRODUCT I ON JUNE 1936"**


302,435,212 LES.
38

302,435,212 LeS.
242,241,1:6 L's.
+24. 85;,
38
299, 131 ,5 1 LES.
183,359,29 5 Lts.
+ib0. 51
76


242,981,459 LBS.
232,1 3,9 L s.
+ 4.43
37
241 ,803,95 L-.,
1, I ( '75 ;i L: *.
3.?5
:35


242,390,276 LFS.
24.2,931,000 LF .
252,9~73,000 LE,


TOT L _ST )CK 3
1 ,913, 34 LUe.
6

10,019,59^- LOS.

+25. ',
0
10,919,594 LBS.
1 1 ,275,251 LBe'.
3.15

PRODUCT !oN

4,392,3!W LOF.
4,SI. ,72? -:.as.
.51 ,io

4,392,31 LE S.
4, 127 1 1 L S.
+ 6.43
6


-,3 _9,282 LB,
4,481 ,000 LOS.
4, 10,000 LE".


~ ___


11,338,303
25,107,00 n
25,388,000


LES.
LBS.
LSS.


* FIRMS, NOT FACTORIES,. SOME IR;,.S OPEkAT;: MORE THr,-\N -NE FACTORY.
** SUOJECT TO REVISION.
AVEF.\AGq: DA I LY PURCHASE PLR PROODICER*


TOTAL PURCHASES
NUMBER OF PRODUCERS
AVERAGE DAILY
PURCHASES PER
PRODUCER
PERCENTAGE CHANGE
IN 1937 COMPARED
WITH 193i]


JUNE MAY
1937 ____ 1933 1 37 1936
4 2,87-, 76 Les 443,4371,-C i4 S Las 43, 79 42,5,74,650 LSs
113,034 103, 67 13,F49 102,491


133.50 ieaS 142.72 LBS 183.48 LDS 133.79 Las
J I


- 4.36


PEiCENTAGE CHANGE IN JUNE 1937


-3.97

COMPARED WITH I','AY 1937 +C. 24


PERCENTAGE CHANGE IN JUNE 1936 COMPARED '.ITH MAY 1936 +G.67
CVAPOR:TED MILK PRICESi ADVANCE IN JULY
Reports submitted !by evaporated silk -Comnarr.d with June 1936, however, this yc-.r's
manufacturers to the Eureau o Airicultural Jun. p-'ck, estimated ;.t 243 million pounds, was
Economics, indicate that regardless of this du&:,. about 4 percen.t. This yeJ.,r's June change,
year's hee.vy production of evaporated milk, and along with dccrcrass under 1936 in both April
the unusually large stocks in manufacturers' and MLay, make production for the first six
hands on July 1, the market on this class of months of the cralcnr.r ye-r cpiro-ximately the
goods is firm, with a price advance having taken saome as the corresponding porJd of 1936, wh-re-
place the middle of the month. as in the first quarter of the yeor there was a
One of the outstanding features of the definite tendency to.vard nevier increases. In
present situ-.tion relates to suoolies. A April a-nd May the( first indications of a swing
tabulation of reports from manufacturers, shows in the other direction occurred, the rclation-
that total stocks in their hands on July 1 shcrips to fcorrpnding months of 197:6 pr ng
amounted to 302,435,000 pounds, an increase of dres asves of 0. urcsnt d 1rcic d, the
60.5 percent over July 1, 1956. This year's Junr pack wvs dowax 4.0 percent.
JTulv 1 f-istocks are records dw 4.0 pt rcent.


next heacviest July 1 stocks having been recorded
in 1935, in which year th-re were further
increases in stocks during subsequent months,
finally resulting in total stocks of 359,000,000
pounds on September 1. That amount represented
the ine-viest inventories of record for any
month. July 1 stocks in 1935 were 287,000,000
pounils, or 15,000,000 pounds less than those of
this year on the same date. In connection with
the large reserves which are now in manufactur-
ers' hands, it in of interest to note that
according to a preliminary tabulation, wholesale
rockers' stocks on July 1 were also heavier
than a year ago. The increase shown on reports
from rrocer distributors at scattered points
was approximately 8 percent. The June increase
in manufacturers' stocks this year was 60
million pounds, compared with an average
increase of 51 million pounds the past 5 years.
The production situation apparently
offers some explanation as to why markets should
continue frim and higher in the face of the above
mentioned ho.vy supplies. The seasonal increase
in production during June was just about average,
being an increase over May of 4.4 percent.


Wholesale selling prices of evaporated
milk were advanced 100 per case a'tcr July 15,
which makes current prices about that much
higher than a year ago. These prices are still
lower than they were the first of the year, for
in February there was a 15 reduction. Trade
output of evaporated :.;ilk in June as conmnared
with a year earlier wa.s apparently even lighter
than the 4May reduction of 3 percent, btu for
the six months, January to June, inclusive, was
heavier by approximately 8 p-rcent. There were
heavy incre-iscs in trade outnut over 1938 during
the early part of the year. Casual reports from
some manufacturers suggest orders booked ahead
for delivery up to August first, are fairly
heavy, particularly in view of prospective pro-
duction and present supplies. This accounts in
part for the present firm tone.
Cozdensed milk (case goods) production in
June of 4. million pounds vras 6 percent above
thiat of June 1936, but toh total for the 6
i.;onths period, January to June, inclusive, was
2.5 percent less than in 1936. Manufacturers'
stocks of case goods wera 3 percent below those
of a year earlier.
1937


60L6 tCL90 Z9ZII C
111111111 111111 111111 111 1111 1111111 1111 111 111111 1111111 111


0C D'.-SED MI LK
(r:U L GOOD.


15,354,503 LBS.
27

15,354,503 LOS.
I ,CO:;,968 LBS.
*139. 54,
27
15,332,139 LBS.
14,143,878 LeS.
+ 8.36o',
26


9 e i,3rI LOS.
18,29,9326 LEs.
+ 6.80,
27
19,10, 260 LeS.
19, )01 ,39;4 LOS.
I.03,
26
()1
r C)


--- ----- ----


~--.--. ----__I __




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