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:
AA00013239:00078


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Full Text
I- I
UNIT 0 STATES DEPARTMENT OF AGRICULTURE ---------
BUREAU OF AGRICULTURAL ECONOMICS J-8. DEPONTOW:
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(NovEMBER 1937).
No. 219 WASHINGTON, D. C. NOVEMBER 24, 1937
INFORMATION IN THIS MONTHS REPORT, IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDENSED MILK,.OR O8TH.


S ECIRP PA I D PRODUCERS F


O B. FACTORY FOR OCTO 7*


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
NEW ENGLAND $ $
MIDDLE ATLANTIC. 6 1.74-1.90 1.78
SOUTH ATLANTIC 4 1.53-2.00 1.72
E. NORTH CENTRAL 85 1.46-2.00 1.68
W. NORTH CENTRAL II .53-1.72 1.60
SOUTH CENTRAL 13 I.44-1.58 1.50
NORTHWESTERN II 1.35-1.66 1.52
SOUTHWESTERN 22 1.51-1.75 1.69
U.S. OCT. 1937 151 1..35-2.00 1.65
U.S. SEPT. 1937 151 1.35-1.90 1.61
U.S. OCT. 1936 152 1.33-2.00 1.65
NOTE: THE INFORMATION CARRIED IN THE BODY OF THIS TABLE APPLIESTO 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.
IJ 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 $1.70.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
OCTOBER 1937 SEPTEMBER 1937 OCTOBER 1936
SECTION I $1.68 $1.62 $1.65
2 1.82 1.77 1.72
3 1.55 1.53 1.54
4 1.62 1.60 1.60
5 1.49 1.49 1.66
6 1.71 1.72 1.76
U. S. AVERAGE 1.65 1.61 1.65
NET WHOLESALE SELLING PRICES IN CARLOTS F. O. B. DISTRIBUTING POINTS- OCTOBER 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 EASIS OF
CASH OR SHORT TIME CREDIT.
EVAPORATED MJLK CONDENSED MILK
F. 0. B. (PER CASE OF 48 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 3.13 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 2.34-3.15 3.04
KANSAS CITY 2.94-3.15 3.04
MINNEAPOLtS-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 3.06 4.53 4.53
DENVER 2.94-3.15 3.05 -
SEATTLE 2.85-3.15 3.02
SAN FRANCISCO 2.84-3.15 3.02
Los ANGELES 2.84-3.15 3.01 -
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS OCTOBER 1937
UNSWE TENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
(PER CASE OF (PER CASE OF BULK PER CWT.
48 14Z oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.12 $4.80 $8.50 $5.33
MIDDLE ATLANTIC 3.09 4.73 8.50 5.06
SOUTH ATLANTIC 3.10 4.83 8.50 6.00
E. N. CENTRAL 3.04 5.25 8.03 4.98
W. N.'CENTRAL 3.05 5.25 8.17 5.59
SOUTH CENTRAL 3.05 4.73 8.50 6.00
NORTH WESTERN 3.05 5.39 8.50 6.00
SOUTH WESTERN 3.04 5.39 8.50 6.00
U. S. AVERAGE
OCT. 1937 $3.07 $4.89 $8.27 $5.34
U. S. AVERAGE
SEPT. 1937 $3.06 $4,89 $8.06 $5.16
U. S. AVERAGE
OCT. 1936 __ $3.20 $8.65 $5.68

LIGHT PACK OF EVAPORATED MILK THIS FALL


The reduced rate of production continues
to be a condition supporting evaporated milk
markets. Reports received by the Bureau of
Agricultural Economics from manufacturers and
distributors of this class of dairy products
confirm trade comments to the effect that the
pack of case goods has fallen off materially,
the October reduction under a year earlier
being considerably greater than that of August


and September. High production costs are
mentioned as one of the factors affecting the
current output of oondenseries, although data
as to average daily purchases of milk (deliveries
from producers) during October suggests that
less milk was available.

Total estimated production of evaporated
milk in October was 121,087,000 pounds, which


(CONTINUED ON NEXT PAGE)
NOVEMBER 1937






PAGE 2.


STOCKS AND PRODUCTION OF EVAPORATED AND.CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHITHER THEIR
9WN OR STOCKS OF OTHERS; WHETHER ON THEIR O'WN P,-ClMI'SES, -I:1 STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS; ANP WI: : AE'HR SOI.0 OR CONTI,\CTEC FON AND NOT
DELI VrRED.
STOCKS A.D PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.


TOTAL STCCKc oN; Nov. I, 1937
NO. OF FIRMS REfORTING*


EVAPORATED MILK CONDENSED MILK CONDENSED MIK
_CA OE GOODS) 1(CASE GOODS) (9ULK GOODS)
TOTAL STOCKS
244,765,671 Les. 8,351,745 LBS. 8,593,453 LBS.
3j 6 26


COMPARE I SON
NOVEMBER
OCTOBER
% CHANGE
FIRMS IN
NOVEMBER
NOVEMBER
% CHANGE
FIRMS IN


FOR SAME FIRMS:
I, 1937
I, 1937
DURING MONTH
COMPARISON
I, 1937
I, 1936
FROM PREV. YrAR
CO.PAr A ISO;,'*


COMPARISON FOR SAME FIRMS:
OCTOBER, 1937
SEPTEMBER, 1937
% CHANGE DURING MONTH
FIRMS IN COMPARISON*
OCTOBER, 1937
OCTOBEP, 1936
% CHANGE FROM PREV. YEAR
FIRMS IN COMPAR1InNM*


244,865,671 LeS.
227,710,378 LBS.
+ 7.49%
39
244,765,671 LBS.
251,751,162 LPS.
2.77
39


121,086,690 LBS.
134,543,987 LBS.
-10.0%
37
121,086,690 LBS.
186,141,314 LOS.
-34.95%
.3,7


8,351,745 LBS.
8,628,826 LBS.
3.99%
6
8,351,745 LBS.
11,689,009 LBS.
-28.55%

PRODUCTION

4,343,951 LBS.
4,019,480 LBS.
+ 0.08
6
4,343,951 LSS.
3,153,447 LOS.
+37.75%
6


8,593,453 Les.
10,538,345 LBS.
-18.46%
26
8,481,340 LBS.
I1,159,210 LBS.
-24.00%
25


8,433,731 LBS.
11,001,927 LBS.
-23.34%
25
8,255,484 LOS.
10,843,240 LBS.
-23.87'.
P4


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON OCT. I, 1937 227,710,378 LOS. 8,698,826 LBS. 11,032,943 LOS.
ESTIMATED PRODUCTION OCT. 1937** 121,087,000 LOS. 4,344,000 LOS. 12,658,000 LOS.
FINAL PRODUCTION CCTOE'ER 1936 186,141,000 LOS. 3,153,000 LOS. 16,627,000 LoS.

FIRMS, NCT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISION.
AVERAGE DAILY PURCHASE PER PRODUCER*

OCTOBER SEPTEMEER
1937 1936 1937 1936
TOTAL PURCHISES 279,907,680 LOb 332,486,543 LOS 307,555,586 LnS 327,338,801 LSS
NUMC:R OF PRODUCCRS 112,b24 108,913 114,018 107,800
AVERAGE DAILY
PURCHASES PER
PRonUCER 80.03 LOS 98.48 Las 89.91 LDS 101.22 LSS
PERCENTAGE CHANGES
IN 1937 COMPARED 18.73 1 .17
WITH 1936


PERCENTAGE CHrNGE IN OCT. j197 COMrARED WkITH S-.PT. 1937
PERCENTAGE CHANGE IN OCT. 1936 COMF ARED '.11TH SEPT. 1936


-10.99
- 2.71


(CONTINUED FROM FIRET PAGE)
compared with October 1936 is a reduction of 65,00C,000 lbs., or 35.0%. In August the reduction
under a year earlier was 26,000,000 lbs., and in September 49,000,00) Ibs. This downward trend
since August 1 accounts for a calendar year reduction during the period Jan. to Oct., incl., of
over 135,000,000 lbs. While the October 1936 pack was by far the largest of record for that
month, it is of interest to note than even in 1934, October production amounted to 134,000,000
pounds. The seasonal drop under September tnis year was 10%o, while in 1936 the change was a 1.8%
increase. Of interest also in connection with the foregoing comparisons for the fall months, is
reference to total production during recent years, which was as follows:
1933 1,716,700,000 pounds 1935 1,838,890,000 pounds 1936 (Jan.-Oct.Inc.) 1,800,019,000
1934 1,711,570,000 pounds 1935 2,043,759,000 pounds 1937 (Jan.-Oct.inc.) 1,664,556,000
Manufacturers' stocks on November 1 were 244,765,000 pounds. This was a decrease of
7,000,000 lbs. under a year earlier, but an increase of 17,000,000 lbs. over October 1. The
average change between Oct. 1 and Nov. 1 during the 1932-36 period was an increase of but
2,750,000 Ibs. This year'sstocks on November 1 were approximately 30,000,000 lbs. heavier thae
the average of the past five yec.rs for that date, and except for 1936, the heaviest of record for
that date.

Supporting evaporated milk markets this fall has been an active movement of goods from
manufacturers' hands. The increase in September over last year was 38.0%, and a preliminary
estimate for October is an increase of around 10.0%. Thus, up to Nov. 1 this year, approximately
60,000,000 ld.s. more had moved into trade channels than during the corresponding period of 1936.

VWholesale grocers' stocks, on a sample survey basis, were approximately 5.0 percent lighter
on Sept. 30 than l-Ist year. The change between June 30 and September 30 was an increase of 58.0%,
compared with a 1936 increase of 80.0%, and the 1932-36 average increase of 23.0 percent.

Selling prices of evaporated milk in October continues to be about 13-15( per case lower
than last year. With butter prices higher as the fall has progressed, costs of milk have also
advanced. Average prices f.o.b. factory in October were $1.65 per crt. (3.5% fat basis),
compared with $1.61 in September. This October price is the sino as the average for that month
in 1936. Butter prices which are an important basis in establishing oondensery buying prices
have advanced further in November.
NO1VEMER 1937
Pk8g9 C80 Z9Z C




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