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:
AA00013239:00077


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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
[OCTOLEK 1937T


NO. 218 WASIINGTON, D.C..


OCTOBER 22, 1937


INFOR TION 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
GEOGRAPHIC SECTIONS OF
REPORTING


F. 0. B. FACTORY FOR SEPTEMEER 1937*
PRICE PER CWT.


FN '-rMF


AVERAGE


NEW ENGLAND / $
MIDDLE ATLANTIC 5 T/ 1.68-1.90 1.74
SOUTH ATLANTIC 4 1.5-1.90 1.64
E. NORTH CENTKAL 85 I.58- .90 1.62
W. NORTH CENTRAL II 1.51-1.69 1.58
SOUTH CENTPAL 13 1.44- .E3 1.47
NORTHWESTERN 11 .35-1.65 1.51
SOUTHWESTERN 22 1.51-1.77 1.70
U.S. SEPT. 1937 151 1.35-1.90 1.61
U.S. AUG. 1937 152 1.30-1.83 1.52
U.S. SEPT. 1136 151 1.40-2.15 1.74
* NOTE: THE INFOi .,.l I ON CARRIED IN THE BODY OF THIS TABLE APPLIES TO THE PREVIOUS
MONTH RATHER THAI' T!!E CU'-iF.NT MONTH. UNDER THE PROVISIONS OF THE EVAPORATED MILK
MARKETING AGREEMENT NOW' IN EFFECT, PRICES PAID PRODUCERS ARE CALCULATED BY FORMULAS
WHICH TAKE IfTO ACCOUNT THE CURRENT MONTH'S AVERAGE WHOLESALE BUTTER AND CHEESE
MARKETING QUOTATIONS. T;ESE AVERAGES 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.


SECTION
II
II
It
II


SEPTEMBER 1937


AUGUST 1937


S$1 .62 1 .52
2 1.77 1.66
3 1.53 1.43
4 I.60 1.53
5 I.49 1.45
6 1.72 1.66


U. S. AVERAGE


SEPTEMBER 1936
$1 .75
1.83
1.54
1.66
1 .70
1.83


--_-- -4---- .- -4_- -


1.61


I .52


I.74


NET WHOLESALE SELLING PRICES IN CARLOTS- F.O.B. DISTRIBUTING POINTS SEPTEMBER 1937
(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.

EVAPORATED MILK CONDENSED MILK
F. 0. B. (PER CASE OF 4 14-.- oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE AVERAGE
BOSTON $3.04-3.25 $3.13 $4.40-5.00 $4.70
NEW YORK CITY 3.04-3.25 3.14 4.40-5.00 4.65
PHILADELPHIA 3.04-3.25 3.11 4.40-5.00 4.69
CHICAGO 2.94-3.15 3.04 -
CLEVELAND 2.94-3.15 3.03 -
ST. Louis 2.94-3.15 3.05 -
KANSAS CITY 2.94-3.15 3.04 -
MINNEAPOLIS-ST.PAUL 2.94-3.15 3.04 -
ATLANTA 2.94-3.15 3.05 4.40 4.40
NEW ORLEANS 2.94-3.15 3.05 4.40-5.00 4.51
DENVER 2.94-3.15 3.05 -
SEATTLE 2.94-3.15 3.01 -
SAN FRANCISCO 2.80-3.15 2.98
Los ANGELES 2.80-3.15 2.99 -

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS SEPTEMBER 1937
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
(PER CASE OF (PER CASE OF BBULK PER CWT.)
48 I4; oz. CANS) 48 14 OZ. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.12 $4.80 $8.25 $5.07
MIDDLE ATLANTIC 3.08 4.73 8.25 4.95
SOUTH ATLANTIC 3.09 4.83 8.25 5.75
E. N. CENTRAL 3.04 5.25 7.95 4.88
W. N. CENTRAL 3.05 5.25 7.75 5.31
SOUTH CENTRAL 3.04 4.73 8.25 5.75
NORTH WESTERN 3.06 5.39 8.25 5.75
SOUTH WESTERN 3,01 5.39 8.25 5.75
U. S. AVERAGE
SEPT.1937 $3.06 $4.89 $8.06 $5.16
U. S. AVERAGE
AUG. 1937 $3.06 $4.89 $8.02 $5.15
U. S. AVERAGE
SEPT.1936 $3.19 $4.78 $8.83 $5.79


EVAPORATED MILK PRODUCTION DECLINES SEASONALLY STOCKS LOWER


Reports from evaporated milk manufactur- of Agricultural Economics, reveal some striking
ers, which have been summarized in the Bureau statistical changes during September, but


(CONTINUED ON NEXT PAGE)
OCTOBER 1937


~--------







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 MI K CONDENSED MILK CONDENSED MILK
(CASE GOODS) (CASE Goos) BULK GOODS)


TOTAL STOCKS ON OCT. I, 1937
NO. OF FIRMS REPORTING*
COMPARISON FOR SAME FIRMS:
OCTOBER I, 1937
SEPTEMBER I, 1937
CHANGE DURING MONTH
FIRMS IN COMPARISON
OCTOBER I, 1937
OCTOBER 1, 1936
% CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*

COMPARISON FOR SAME FIRMS:
SEPTEMBER, 1937
AUGUST, 1937
CHANGE DURING MONTH
FIRMS IN COMPARISON*
SEPTEMBER, 1937
SEPTEMBER, 1936
CHANGE FROM PREV. YEAR
FIRMS IN COMPARISON*


227,71.0,378 LBS.
38

227,710,378 LBS.
263,324,151 LBS.
-13.52%
38
227,710,378 LBS.
160,708,667 LBS.
+41.69
38



134,543,987 LBS.
154,495,221 LBS.
-12.81%
37
134,54.3,987 LoS.
183,316,335 -SS.
-26.61%
37


TOTAL STOCKS
8,698,826 LBS.
6

8,698,826 LBS.
10,572,470 LBS.
-17.72%
6
8,698,826 LBS.
12,109,165 LeS.
-28.16%
6

PRODUCTION

4,019,480 LBS.
3,991,842 LBS.
+ 0.69%
6
4,019,430 LBS.
4,334,335 LOS.
7.26%
6


10,861,505 LBS.
28

10,861,505 LBS.
13,072,253 LBS.
-16.91I
28
10,861,505 LBS.
12,230,275 LBS.
-11 .19%
28



11,294,622 LBS,
12,1-50,516 LBS.
7.04%
27
11,294,622 LBS.
13,527,020 LBS.
-16.50%
27


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON SEPT.1, 1937 263,324,151 LOS, 10,572,470 Los. 13,373,239 LoS.
ESTIMATED PRODUCTION SEPT.1937** 135,137,000 LoS. 4,019,000 LDS. 15,914,000 LBS.
FINAL PRODUCTION SEPT. 1936 184,136,000 L3S. 4,334,000 LOS. 19,059,000 LoS.
* FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISION.
AVERAGE DAILY PURCHASE PER PRODUCER*
SEP EMEIR AUGUS -
1937 1936 1937 1 1936
TOTAL PURCHASES 307,555,583 Los 327,338,801 LoS 353,350,553 LuS 344,818,679 LOS.
NUMDCR OF PRODUCERS 114,018 107,800 114,025 105,768
AVERAGE DAILY
PURCHASES PER
PRODUCER 89.91 LDS 101.22 LoS 99.96 LDS 105.17 LOS.


PERCENTAGE CHANGES
IN 1.937 COMPARED
WITH 1935


PERCENTAGE CHANGE IN
PERCENTAGE CHANGE IN


-11.17


SEPT. 1937
SEPT. 1936
(CONTINUED


COMPARED WITH AUG. 1937
COMPARED WITH AUG. 1936
FROM FIRST PAGE)


nothing has occurred which alters the generally
firm tone of markets. Production has dropped,
and trade output has picked up, so that the
current relatively heavy c?,rry-over of stocks
is apparently .not burdensome. Other dairy
products are fairly firm and naturally, this
also lends some support to evaporated milk.

Tho September pack of evaporated milk,
amounting to approximately 135,000,000 pounds,
was 26.6 percent less than that of a year earl-
ier, although this comparison loses some of its
significance when it is noted that the September
1936 production was a record high for that
month. Another year in which unusually heavy
.September production of evaporated milk occurred
was 1934, when there was a total pack of
147,000,000 pounds. The 1937 September
production represented a decrease of around
7,000,000 pounds below the September 5-year
average (1932-36) of 142,000,000 pounds,
although as noted, this relatively high average
was largely due to the1934 and 1936 situations.
The seasonal drop from August.to Soptenbcr this
year was.12,8 percent, compared to an average
drop of 11.9 percent. Estimated calendar year
production up to October 1 is l billion pounds,


a decrease of about 70 million pounds, or 4.5
percent below the corresponding period of 1936.

Stocks of evaporated milk in manufactur-
ers' hands on October 1 amounted to 227,710,000
pounds, compared with 160,709,000 pounds on
the sane date last ysar, and average October 1
stocks of 212,727,000 pounds. Except for 1935,
this year's stocks were the heoviost on
October 1 since 1929. There was, however, a
reduction of stocks during September of
35,600,000 pounds, compared with an average
September reduction during the past five years
of only 13,000,000 pounds. Preliminary
calculations point to a very heavy September
trade output. Apparently, there was also an
active movement in September direct into
consumption proper, for again using
preliminary figures, there are indications
that wholesale grocers' stocks on September 30
were only about the same as a year earlier.

Wholesale selling prices of evaporated
case goods continue generally unchanged, and
still average around 13 15 cents per case
below a year ago. Condensed case prices,
however, are slightly higher than last year.


OCTOBER 1937


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