Monthly evaporated and condensed milk market report

MISSING IMAGE

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:
AA00013239:00079


This item is only available as the following downloads:


Full Text


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(DECEMBER 1937)

No. 220 WASHINGTON, D. C. DECEMBER 23, 1937
INFORMATION IN THIS MONTH'S REPORT IS FURNISHED BY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDENSED MILK, OR BOTH.


S ECIRP PA I D PRODUCERS K


F 0 B FACTORY FOR NOVE 7


FINI LQ t-kI ) FUL%-AVL "0 FIJr\ 0 V/YIIILIII V. .t I V. IF. I'lu
NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
REPORTING RANGE AVERAGE
NEW ENGLAND 7 $ $ -
MIDDLE ATLANTIC 6 .70-2.29 1.95
SOUTH ATLANTIC 4 1.62-2.01 1.78
E. NORTH CENTRAL 85 I.70-2.00 1.74
W. NORTH CENTRAL II 1.58-1.82 1.70
SOUTH CENTRAL 13 1.51-1.66 1.58
NORTHWESTERN II 1.35-1.68 1.54
SOUTHWESTERN 20 1.50-1,80 1.70
U.S. NOV. 1937 150 1.35-2.29 1.71
U.S. OCT. 1937 151 1.35-2.00 1.65
U.S. NOV. 193 6 152 1.42-2.05 1.64
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 OCTOBER $1.78.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
NOVEMBER 1937 OCTOBER 1937 NOVEMBER 1936
SECTION I $1.74 $1.68 $1.65
S 2 1.96 1.82 1.78
I 3 1.64 1.55 1.56
4 1.63 I.62 1.63
5 1.51 1.49 1.69
6 1.71] 1.71 1.73
U. S. AVERAGE 1.71 1.65 1.64
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS NOVEMBER 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 48 -4 I 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 3.12 4.40-5.00 4.70
CHICAGO 2.94-3.15 3.04 -
CLEVELAND 2.94-3.15 3.04 -
ST. Louis 2.94-3; 5 3.04 -
KANSAS CITY 2.94-3.15 3.04 -
MINNEAPOLIS-ST.PAUL 2.94-3.15 3.04
ATLANTA 2.94-3.15 3.04 4.40 4.40
NEW ORLEANS 2.94-3.15 3.05 4.40-4.71 4.56
DENVER 2.94-3.15 3.05-
SEATTLE 2.85-3.15 3.01
SAN FRANCISCO 2.80-3.15 3.05
Los ANGELES 2.80-3.15 3.05 -_
AVERAGE '1LESALE SELLING PRICES BY GEOGRAPHIC SECTIONS NOVEMBER 1937
UNSWEETENED EVA-ORATED SWEETENED CONDENSED SWEETENED CONDENSED
(PER CASE OF (PER CASE OF (BULK PER CWT.)
48 14g oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.12 $4.80 $8,50 $5.33
MIDDLE ATLANTIC 3.10 4.73 8.42 5.06
SOUTH ATLANTIC 3.10 4.73 8.50 6.00
E. N. CENTRAL 3.04 5.25 8.14 5.15
W. N. CENTRPL 3.05 5.25 8.15 5.37
SOUTH CENTRAL 3.05 4.73 8.50 6.00
NORTH WESTERN 3.06 5.39 8.50 6.00
SOUTH WEST-RN 3.04 5.39 8.39 5.65
U. S. AVERAGE
Nov. 1937 $3.07 $4.86 $8.31 $5.41
U. S. AVERAGE
OCT. 1937 $3.07 $4.89 $8.27 $5.34
U. S. AVERAGE
Nov. 1936 _$3.15 $4.86 $8.54 $5.71

NOVEMBER PRODUCTION EVAPORATED MILK BELOW AVERAGE


Following about the usual seasonal
cha-nges in production and stocks, November
evaporated milk n.arkets continue in a steady
position. Reports from manufacturers to the
Bureau of Agricultural Economics indicate a
pack i-; Novcrber of approximately 91 million
pounds, which was 29.3 percent. less than that
of November 1936. While this represents a heavy
decrease under last year, it is to be noted
that November production in 1936 of 129,736,000
pounds, was by f:.r the largest of record for
that month, the nearest approach to that figure
having occurred in November 1934, when the
total pack was 101 million pounds. The
November average during the 1932-36 period was


only 961 million pounds. This year's seasonal
drop of 25 percent between October 1 and
November 1 was tho same as the average during
the five year period just referred to. Each
month since the first of August, this year's
production of evaporated milk has shown heavy
percentage reductions under corresponding
months of 1936, with the result that the
calendar year total, January to November,
inclusive, is a 9.0 percent drop under the
corresponding period of last year. In terms
of volune, this is a reduction of 173,000,000
pounds.


Manufacturers' stocks of evaporated


(CONTINUED ON NEXT PAGE)
DECEMBER 1937







STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
'WN OR STOCKSS 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 R-PORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK U' OENSED MI LK CONDENSED MI K
(ASE GOODS) CASE.GOODS) BULK GOODS
TOTAL STOCKS
TOTAL STOCKS ON DEC. 1, 1937 218,372,054 LBS. 7,153,022 LBS. 4,932,640 LBS.
NO. OF FIRMS RE IORTING* 40 6 28
COMPARISON FOR SAME FIRMS:
DECEMBER 1, 1937 218,288,015 LBS. 7,153,022 LBS. 4,931,848 LBS.
NOVEMBER I, 1937 244,765,671 LBS. 8,251,745 LBq. 8,513,408 LBS.
CHANCE DURING MONTH -10.82% -13.32% -42.07%
FIRMS IN COMPARISON 39 6 27
DECEMBER I, 1937 218,288,015 LBS. 7,153,022 LBS. 4,931,848 LBS.
DECEMBER I, 1936 278,510,659 L3S. 10,190,271 LFS. 7,746,749 LBS.
SCHANGE FROM PPEV. YEAR -21.62% -29.83 1' -35.34%
FiriMS IN COMPARISON* 39 6 27
PRODUCTION
COMPARISON FOR SAME FIRMS:
NOVEMBER, 1937 90,358,665 LBS. 3,461,187 LBS. 7,923,488 LBS.
OCTOBER, 1937 121,086,690 LaS. 4,343,951 LBS. 3,421,128 LBS.
SCHANGE DURING MONTH -25.38% -20.32, 5.91%
FIRMS IN COIMPARI SON* 38 6 28
NOVEMBER, 1937 127,880,696 LBS. 3,461,137 LBS. 7,923,488 LBS.
NOVEMBER, 1936 90,358,665 LBS. 3,358,996 LOS. 8,641,302 LBS.
SCHANGE FROM PREV. YEAR -2.34% + 3.04% 8.31%
FIRMS IN COMPARISON* 38 6 28
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON Nov. I, 1937 244,765,671 LBS. 8,251,745 LBS.l/ 8,730,276 LOS.
ESTIMATED PRODUCTION NOV. 1937** 91,671,000 LoS. 3,461,000 LBS. 11,390,000 LOS.
FINAL PRODUCTION NOV/EBER 1936 129,736,000 LEs. 3,359,C00 LDS. 12,422,000 LOs.
* FIRMS, NOT FACTORIES. SOME FI 'MS OPERATE MOiRE THAN ONE FACTORY.


AVERAGE DAILY PURCHASES PER PRODUCER*


TOTAL PJRCiASES
NUMBER OF PRODUCERS
AVERAGE DAILY
PURCHASES PER
PRODUCER


I 037


1937 1 193


NOVEMBER
2 ,93 L


237,015,272 LoS 274,353,660 LBS
II1,865 109,193


70.63 L.S 83.75 LOS


PERCENTAGE CHANGES
IN 1337 COMPARED I.67
wITH 1936
PERCENTAGE CHANGE IN \GV. 1937 CO'P/RED WITH OCT. 1937
PERCENTAGE CHANGE IN NOV. 1936 COfIPARED WITH OCT. 1936
(CONTINUED FROM FIfST PAGE)


OCTOBER
I P37 1936
279,907,680 L'S 332,483,543 LBS
112,824 103,913


80.03 Los 98.48 LDS


-18.73

- -11.75
-14.36


milk on Dece::,cer 1 were 218,300,000 pounds,
comp .red with 278,000,000 pounds a. year
earlier, -also hl.s-.vy reduction, amounting to
21.6 percent. This Yuer'ls change during
Kover..ber, however, compared favorably with the
aver tge reduction of stocks betwev n November 1
and December 1 in the preceding five years
v.ich was 28 million pounds. This year's
reduction between these two dates was 26
million pounds. Deccrber 1 stocks of most
r..anuiactured idiry products -re now lower than
they were a year ago. The report for December 1
indicated tot.l U. S. stocks of butter in cold
storage on th-t date of but 66,208,000 pounds,
cormp::red with 88,800,000 pounds on December 1,
1936, and k:e.rican cheese stocks of only
93,624,000 pounds, compared with 98,975,000
pounds last yo:r. Ecducod to a milk equivalent
basis, December 1 stocks of butter, cheese,
evapur.ted and condensed milk were 21.0 percent
under a. year ago.

One condition which has lent support to
evapor:,.ted milk markets the past three months
has bean the active movement of this product
into apparent consume ttion. Preliminary
calculations indic).te an increased November
trade output of about 14.0 percent over last
year, which r.kes a gain of about 4 percent
for the calendar yetr to December 1. The
latter increase r'.ounts to over 75 million
pounds. Exports of evaporated milk during the


ll III Ill ll ll II ll Illl l I IIIII II
1P98 tIL8O Z9ZL
111111 in i11111111111111111 iiii iii 1111111 111111 II11111111111


first ton months of 1937 were 19 million
pounds, which was 2 million pounds less than
in the corresponaing period of 1936.

Prices of evaporated milk continue on
last month's basis with no changes noted to
date. The U. S. average selling price in
November was $3.07 per case, a reduction of 8
per case under the Iovember 1936 average.
Butter ond cheese prices -.re considerably
higher than a year ago, even after sharp
declines which have occurred the past week.
For a few days near the middle "f December,
wholesale butter prices were higher than during
th:t period in 1929. Cheese prices, however,
continue considerably lower than in correspond-
ing periods of 1929, and the changes which
occurred on Wisconsin Cheese Boards December17
put ruling prices slightly lower than those of
December 1935, when December prices were the
highest for that period since 1929.

Production of condensed case in November
was only 3,461,000 pounds, which was a 3.07;
increase over Nove;ber 1936, and stocks of this
class of goods on December 1 were reported at
7,153,000 pounds. On December 1, 1936, stocks
of this product were 10,190,000 pounds.
Selling prices of condensed case in November
averaged the sane .s last year, namely $4.86
per case.


DECEtBER 1937


** SUBJECT TO REVISION.
_/ CORRECT FIGURE.


-- -- --


L


PAGE 2




Full Text
xml version 1.0 encoding UTF-8
REPORT xmlns http:www.fcla.edudlsmddaitss xmlns:xsi http:www.w3.org2001XMLSchema-instance xsi:schemaLocation http:www.fcla.edudlsmddaitssdaitssReport.xsd
INGEST IEID E1JE6TIJJ_O6FQH2 INGEST_TIME 2013-01-22T15:28:26Z PACKAGE AA00013239_00079
AGREEMENT_INFO ACCOUNT UF PROJECT UFDC
FILES