Dry milk market report for ...

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Title:
Dry milk market report for ...
Physical Description:
v. : ; 21 x 39 cm.
Language:
English
Creator:
United States -- Bureau of Agricultural Economics. -- Market News Service
United States -- Bureau of Agricultural Economics
Publisher:
The Dept.
Place of Publication:
Washington, D.C
Publication Date:
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Dried milk -- Prices -- Statistics -- Periodicals -- United States   ( lcsh )
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federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )
serial   ( sobekcm )

Notes

Statement of Responsibility:
United States Department of Agriculture, Bureau of Agricultural Economics, Market News Service.
Dates or Sequential Designation:
Apr. 1926-June 1938.
General Note:
Title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 39506362
ocm39506362
System ID:
AA00011437:00009

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Preceded by:
Powdered milk market report for ...
Succeeded by:
Monthly dry milk report for ...


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Full Text




JANUARY 26, 1938.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS


WASHINGTON, D.C.


DRY MI LK MARKET REPORT FOR JANUARY 1938
MANUFACTURERS' WHOLESALE SELLING PRICES DURING DECEMBER
THE WHOI.ESALE PRICES GIVEN BELOW ARE BASED.UPrON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLO.
DRY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
(BULK GOODS). --U-TGOD -J (BULK GOOOS)
REPORTED SALES REPORTED SALES REPORTED SALES


3 4 325,137 16 16 112,369 4 4 1,058,960
4 4 403,244 "- 17i 15,836 4 2,881,654
4- 5 866,448 134,100 171 18 59,633 5 6- 33,200 632200
5 51 1,074,467 830,949 I8- 191 454,476 6 7 36,600 -
5- 6 1,826,304 1,613,919 9i 20 543,936 7 8-- 12,205 5,250
6 2- 6- 161,359 2,186,098 20; 21 109,490 8 9- 118,000
61 7 14,236 1,622,174 9. -1- 11,400
7 7 10,236,723
72 8 4,439 3,815,241
8 81 1,662,655
S- 9 239,072
OTAtL 4,675,634 22,340,93 1,445,740 4,022,619 197,850
GRAND TOTAL 27,016,565 1,445,740 4,220,469
AVERAGE PRICE 5.070 7.10_ 5,000 7.570
DEC. 1937 6.756 18.84. 5.12q:
NOV. 1937 6.60. 18.67 5.070
DEC. 19368 9.06 S 20.48. 7.080


L/ DRY WHOLE MILK (1 LB. CANS)


- 35.510 pER POUND.


DRY SKIM MILK: WHOLESALE SELLING PRICES, F.O.B. DISTRIBUTING POINTS, DECEMBER
(CENTS PER POUND)


F.0.8.
BOSTON
New YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. Louis


BAGS

5 5,584
5.4
5.25 6.5

5 5.5


S BBLS.
7,463 8.967
6.5 9.5
6.8 9
6.5 9
7.37 9
7.5 9


F.O.B.
KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

4.5 6.54
4.5 5.5

5.5 6.75


BSLS,
7.5 9 .
5.2. 7.76
6.16 7.7
6.5 7.76
6.58 7.75


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR FJPCHASED FROM OTHERS, WHETHER ON
THEIR OWN PREMISES, IN STORAGE OR IN TRANSIT \UNSOLD) FOR WAREHOUSE CONSIGN-
MENT, AND WHETHER SOLD OR CONTRACTED FOR SALE BUTNOT DELIVERED.
___TOTAL STOCKS ON HAND (ALL FIRMS REPORTING) ..
CLASSES OF JANUARY I, 19383
DRY MILK FIRMS IN BAGS IN BARRELt IN CASES TOTAL
PQoUNDS POUNDS POUNDS PouNIDS
WHOLE MILK 21 .4,381 989,290 1,550,816 2,544,487
SKIM MILK 149 3,368,530 19,291,105 43,455 22,703,090J/
PART SKIM MILK 3 0 10,231 51,887 62.118
CREAM 2 0 0 2,0 2550 2.
BUTTERMILK8 3,826,403 177.6O8 1,790 4,005,801
JANUARY 1, 1937 (REVISED)
WHOLE MILK 21 4,244 2,562,6G3 1,363,043 3,929,940
SKIM MILK 26 8,954,929 22, 196 ,3 7,707 31 178.959
- PART SKIM MILK 3 0 25,902 36,089 61 991
CREAl 3 0 0 94 94
BUTTERMILK 68 3,218 102 276,548 -1,404 3,496,054
1/ EQUIVALENT TO 24 DAYS' REQUIREMENTS: ON THE BASIS OF THE AVERAGE DAILY REQUIRE-
MENTS FOR THE PAST YEAR STOCKS OF DRY SKIM MILK ON JANUARY 1, WERE EQUAL TO APPROX-
IMATELY 24 DAYS1 REQUIREMENTS IN COMPARISON WITH 29 DAYS ON DECEMBER I, 1937:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND JANUARY I, 1937 WERE THE
EQUIVALENT OF 34 DAYS1 SUPPLY. TOTAL STOCKS DECEMBER I, 1937 (INCLUDING LATE
REPORTS): DRY WHOLE MILK 3,102,653 POUNDS; DRY SKIM MILK 27,181,328 POUNDS;
DRY BUTTERMILK 4,766,621 POUNDS.


CLASSES OF
DRY MILK

WHOLE MILK
SKIM MILK
PART SKIM
CREAM POWDER
BUTTERMILK


COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS


TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING


PREVIOUS YEAR


PREVIOUS MONTH


- __________________


S1 RMS
20


6 I


JAN. 1,1938


2.544.112


22.001.368


62.118


JAN. 1.1937 1 FIRMf


JAN. 1.1938


I- -- I---


3. 926640


I .q 1


T T,~ ~ _______ -. I r .L''-


LI


2,550


92


-- I`- -- k I-.


7


3.772.940


J-- J- ---_T


I 3,487,954 I 68


2 9A. 44. 12


21.9FR.024


R I.ll


2,550-
3,805,540


DEC. .1 937


3.102.653


27.068.493


70.1 P


4I 3,362
4,766,621


FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT N4JM9BR OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.


(OVER)
JANUARY 1938


UNIV. QF FL L.




U.S. DEPOTOOY
!~~- -


-,---- ----


-I ..------


- I


__


, ... ,
9 ,


I 51( __ ~;;7____-l=-~Y' L II I L-I~~~-Y~LIC 1 I _~- r_-~;~_L__;;7


P


30.91n.OR5


---


67







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS DECEMBER


INCLUDES REPORTS FROM PRINCIPAL'FIRMS OPERATING DRY MILK FACTORIES IN THE
Il lI n RTAI S C


EXPORTS

TOTAL NOVEMBER 1937
TOTAL NOVEMBER 1936
JAN. NOV. (INC.) 1937
JAN. NOV. (INC.) 1936

CASEIN IMPORTS NOVEMBER
CASEIN IMPORTS JAN. NOV.


PoUNtoD
321,796
322,399
3,724,880
3,508,744


TOTAL -
TOTAL -
JAN. -
JAN. -


NOVEMBER
NOVEMBER
NOV. (INC.
NOV. (INC.


1937
108,858 LBS.
5,177,125 LBS.


(INC.)


IMPORTS

1937
1938
) 1937
) 1936


POUNDS
2,190
893,456
2,903,039
23,862,642


1936
603,287 LBS.
15,357,646 LBS.


DECEMBER SALES OF DRY SKIM MILK REACH NEW RECORD HIGH FOR MONTH


Dry skim milk markets were reported
steady to firm during the early part of
January, and information supplied the Bureau of
Agricultural Economics by manufacturers with re-
spect to production and stocks indicates that
the statistical position of markets was
relatively strong during that period. Stocks
were reduced considerably in December, and
while production during that month exceeded
November, in line with the usual seasonal
tendency,. total output in December was about
16.0 percent less than in December 1936.
During the latter part of the current month
(January), an unsettled feeling developed in
some quarters, which at the moment has resulted
in price declines of from to 1l per pound
on some offerings at Eastern markets, although
this does not apply to all sales.

Manufacturers' sales of dry skim milk
in December amounting to 27,017,000 pounds,
were 5 million pounds greater than the
preceding month, being the heaviest December
sales of record. While the average selling
price F.O.B. factory in December, of 6.750
per pound, was a slight increase over November,
it was 2.30 below the average price a year
earlier, in December, 1936. It is to be
noted, however, that the average of 9.060
recorded for the latter month, as well as the
same average in October of that year, was the
highest average for any month since the early
part of 1928. Furthermore, with the exception.
of 1936, and 1935, the December 1937 average
was also the highest for that-month since 1929.

The usual trend of production in
December is an increase over November, and as
previously indicated, such occurred last month.
On a same plant comparison basis, December
production was 25.0 percent greater than that
of November, but 15.0 percent below the
previous year. This would indicate a total
December preoractiean -of- pproxima.tely 23 nill.on







699 68ZL80 9Zi. JA

VCOaO18 do AIISa8AINn


pounds, which, if correct, would be the third
highest of record for the month. The other
year in addition to 1936 when December- output
was unusually large was 1953.

Manufacturers' total stocks of dry skim
milk on January 1, were 22,703,000 pounds, 85
percent of which was in barrels. In terms of
the average daily requirements during the past
ye;r, these January 1 stocks represented a 24 .
days' supply. On December 1, the supply on a
similar basis amounted to 29 days requirements,
and on January 1, 1937, there was an estimated
supply equivalent to 34 days' requirements.

Production of dry buttermilk in December
was 8.0 percent greater than the previous month,
and 1.4 percent above that of a year earlier,
Sales of this class of goods in December were
the heaviest of any month during the year.
Average selling prices of 5.12 per pound were
about 2 lower than in December 1936. Manu-
facturers' stocks of dry buttermilk on
January 1, totalling 4 million pounds, reflected
a reduction of about 20 percent during December.

In the case of dry buttermilk, and that
portion of dry skim milk manufactured for animal
feed, developments in the hatchery industry are
of importance. The outlook for baby chick
production in 1938 continues favorable, and if
an increase in hatchery output occurs, this
should tend to widen the outlet for dry milk
products of animal feed quality*

Casein market continues to maintain a
more or less weak tone, according to trade
comments, with the same influences operating as
a month ago. Supplies are reported in excess
of current requirements, due in part to pro-
duction and to a rather marked reduction in
the industrial use of caein, particularly by
the paper industry, Po* Of 20-30 mesh in
carlots, FtO.B. Atla-i i Sabox ard vary within a
Strange of 9 to I98 C04i40






TARY 1938


PAGE 2


COMPARISONN OF PROOUGTION SPOAUNS) FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
DRY MI LK
DFIRMS* DEC. 1937 DEC. 1936 FIRMS* DEC. 1937 Nov. 1937
WHOLE MILK 19 1,297,889 835,989 19 1,297,889 1,253,506
SKIM MILK 117 19,162,357 22,803,838 I15 19,145,966 15,278,408
PART SKIM 2 20,960 46,245 2 20,960 18,503
CREAM POWDER 2 4,138 2,168 2 4,138 7,612
BUTTERMILK 63 3,145,912 3.102, 535 64 3, 153,612 I 2,912,755.
REPORTS INDICATE THAT DECEMBER PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS O. 0 BARRELS 91.57 CASES 8.33%.
DRY SKIM MILK: 22.67%(4,603,261 Les) 77.32%(15,696,669 LBs) 0.01%.
DRY BUTTERMILK: 97.95.(3,236,843 Les) 2,05(' 67,831 Les)
PRODUCTION DRSXKIM MILK NOVEMBER 1937 (INCLUDING LATE REPORTS) BAGS 3,427,793
POUNDS (22.32%);- BARRELS 11,931,737 LBS. .77...658); TOTAL 15,359,530 POUNDS
(SUBJECT TO REVISION).
PRODUCTION DRY SKIM MILK NOVEMBER 1936 24,012,000 POUNDS (FINAL FIGURE).
*FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
EXPORTS AND IMPORTS OF DRY MILK DURING NOVEMBER 1937









FEBRUARY 28, 1938.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS


WASHINGTON, D.C.


DRY MILK MARKET REPORT FOR FEBRUARY 1938
MANUFACTURERS' WHOLESALE SELLING PRICES DURING JANUARY
THE WHOLESALE PRICES GIVEN BELOW ARE .BAGED.UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
DRY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
(BULK GOODS) -(BULK GOODS) / (BULK GOODS)
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE FOUNDS PRICE IN BAGS IN BBLS.
3. 4 27,315 15 16- 40,000 31 4 1,016,892
4 4- 735,420 16 17 5,050 4 1,001,018
4 5 1,037,868 I 18 46,940 5 6- 1,526,100 -
5 51 2,751,660 363,090 18- 19 178,836 6- 7 23,125 10,500
5- 6 1,600,358 1,148,534 19-- 20g- 60,385 7- 8 65,799
6 6- 192,213 1,315,786 201 21 342,655 8 : -
61 7 42,518 2,406,673 9 6 -10 4,870
7 71 3,864,027
7- 8 4,479,479
8 8- 305,732
8 9 128,145
TOTAL 6,387,352 14,011,466 673,866 3,567,135 81,169
GRAND TOTAL 20,398,818 673,866 3,648,304
AVERAGE PRICE 5.080 6.960 5.09 7.95,
JAN. 1938 6.37$ 19.660 5.150
DEC. 1937 6.75 18.841 5.12
JAN. 1937 8.86 19.70 7.05.


I/ DRY WHOLE MILK (1 LB. CANS)


DRY SKIM MILK:


- 37.33 PER POUND.


WHOLESALE SELLING PRICES, F.C.B. DISTRIBUTING POINTS, JANUARY


(CENTS PER POUND)


BOSTON
NEW YORK
PHILADELPHIA
CHICAGO
CLEVELAND
ST. Louis


BAGS
60
4.75 6.15

5.5 6.5


BBLS.
6.5 9
6.25 9
7.125 9
6.5 9
7.199 9
7.5 9


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES
SAN FRANCISCO


BAGS

4.5 6.50
4.5 5.5

5.5 6.75


BBLS.
8 9
6.5 7.75
6.17 7.75
6.5 7.75
6.58 7.75


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FROM OTHERS, WHETHER ON
THEIR OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGN-
MENT, AND WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

TOTAL STOCKS ON HAND (ALL FIRMS REPORTING)
CLASSES OF FEBRUARY 1, 1938
DRY MILK FIRMS IN BAGS IN BARF.ELS IN CASES TOTAL
POUNDS POUNDS FOUNDS POUNDS
WHOLE MILK 20 6,738 778,321 1,409,476 2,194,535
SKIM MILK 153 4,290,714 24,081,588 53,630 20,425,932/
FART SKIM MILK 3 0 0 44,565 44,565.
CREAM 2 0 0 1,194 1,194
BUTTERMILK 89 3,739,733 144,850 1,760 3,836,343

FEBRUARY I, 1937 (REVISED)

WHOLE MILK 22 12,049 2,345,934 1,215,294 3,573,277
SKIM MILK 124 9,167,010 26,227,414 30,193 35,424,617
FART SKIM MILK 3 0 47,730 31 984 79,714
CREAM 2 0 0 721 721
BUTTERMILK 71 3,883,423 251,676 9041 4,136,003
I/ EQUIVALENT TO 30 DAYS' REQUIREMENTS: ON THE BASIS OF THE AVERAGE DAILY REQUIRE-
MENTS FOR THE PAST YEAR STOCKS.OF DRY SKIM MILK ON FEBRUARY I, WERE EQUAL TO APPROX-
IMATELY 30 DAYS' REQUIREMENTS IN COMPARISON WITH 24 DAYS ON JANUARY I 1938:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND FEBRUARY I, 1937 WERE THE
EQUIVALENT OF 39 DAYS' SUPPLY. TOTAL STOCKS JANUARY I 1938 (INCLUDING LATE REPORTS.
DRY WHOLE MILK 2,544,487 POUNDS DRY SKIM MILK 22,881,246 POUNDS; DRY BUTTERMILK-
4,027,201 POUNDS.

COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
SDRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS FEB. 1,1938 FEB. 1,1937 FIRMs FEB. 1,1938 JAN. 1,1938
WHOLE MILK 20 2,194,535 3,573,277 20 2,194,535 2,544,487
SKIM MILK 123 27,711,602 35,131,866 151 28,269,932 22,684,761
FART SKIM MILK 3 44,565 79,714 3 44,565 62,118
CREAM 2 1,194 721 2 1,194 2,550
BUTTERMILK 68 3,563,857 4,105,253 89 3,886,343 3,951,341
FIGURES SHOWING NUMBER OF FIRMS DO NOT REP:'ESENT NUMBER OF FACTORIES SINCE SOME -
FIRMS OPERATE MORE THAN ONE FACTORY.
(OVER)
FEBRUARY 1938


I I










PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS JANUARY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES._
COMPARISON OF PRODUCTION POUNDS FOR SAME FIRMS
CLASSES PREVIOUS YEAR .PREVIOUS MONTH
DRYILK_ FIRMS JAN. 1938 JAN. 1937 FIRMS JAN. 1938 DEC. 1937
WHOLE MILK 19 1,127,548 595,260 20 1,131,248 1,301,252
SKIM MILK 123 21,084,444 22,882,029 153 22,890,919 20,142,994
PART SKIM MILK 2 0 52,666 2 0 20,960
CREAM 2 1,194 2,202 2 1,194 4,138
BUTTERMILK 67 3,275,427 .3,228,467 89 3,503,714 3,298,494
FIGURES SHOWING NUMBER OF F-IRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN ONE FACTORY.
REPORTS INDICATE THAT JANUARY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 18.23% BARRELS 76.66% CASES 5.11.
DRY SKIM MILK: 28.27%(6,510,719 LBS) 71.66%(16,506,888 LBS) 0.07%.
DRY BUTTERMILK: 97.57%(3,439,584 Las) 2.43%( 85,530 LBS')
PRODUCTION DRY SKIM MILK DECEMBER 1937 (INC UDING ATE REPORTSp) AGS -- 4,705,513
POUNDS (22.94 ); BARRELS 15,808,490 LBS. (77.05%); CASES, 0.01%; TOTAL 20,515,663
POUNDS. (SUBJECT TO REVISION).
PRODUCTION DRY SKIM MILK DECEMBER 1936 26,802,000 POUNDS (FINAL FIGURE).
EXPORTS AND IMPORTS OF DRY MILK DURING DECEMBER 1937


EXPORTS

TOTAL DECEMBER 1937
TOTAL DECEMBER 1936
JAN. DEC. (INC.) 1937
JAN. DEC. (INC.) 1936


POUNDS
516,996
216,279
5,241,876
3,725,023


IMPORTS

TOTAL DECEMBER 1937
TOTAL DECEMBER 1936
JAN. DEC. (INC.) 1937
JAN. DEC. (INC.) 1936


POUNDS
3,499
707,966
2,906,538
24,570,608


CASEIN IMPORTS DECEMBER
CASEIN IMPORTS JAN. DEC. (INC.)


1937
32,803 LBS.
5,209,928 LBS.


1936
851,257 LBS.
16,208,903 LBS.


STOCKS AND PRICES DRY SKIM MILK CONTINUE BELOW YEAR AGO


Dry milk manufacturers reports to the
Bureau of Agricultural Economics indicate that
sales in January fell considerably below the
December volume, and that they were less than
those of a year earlier, but that, nevertheless,
the January movement was about equal to the
average for the month during the past five
years. January production reflected a seasonal
increase, as was the case of manufactured dairy
products generally, but unlike most products,
the January production of dry skim milk was less
than that of a year earlier, rather than
heavier. Although stocks wore heavier Februaryl
than on January 1, they were definitely lower
than a year :-go, and in terms of average daily
requirements were lower than for several months.

January sales of dry skim milk amounted
to 20,399,000 pounds, over two-thirds of which
was barreled goods. Sales in bags averaged
5.08 cents, and in barrels 6.96 cents, with the
weighted average based on volume of each class
being 6.37 cents. This reduction under the
December average reflected some of the price
revisions made during the month, which have
been followed by some further ch-nges in the
same direction this month, according to press
reports. Dry buttermilk prices in January
averaged about the same as the previous nonth.

Manufacturers' stocks of dry skim milk
on February 1-wore 21 percent less than on


Febru-ay 1, 1937 on the basis of bagged and
barreled goods combined. Current year's stocks-
on the above date were 28,426,000 pounds, of
which 24,000,000 pounds was reported in barrels.
A year e-rlior, total stocks of 35,400,000
pounds included 26,000,000 pounds in barrels.
Thus, goods packed in barrels constituted 85
percent of this year's supply and less than 75
percent of the supply last year. February 1
stocks of dry skim in bags were less thin 50
percent of those last year. Figured from the
standpoint of average daily requirements for
the past. year, February stocks of dry skim milk
wore equil to a 30 days' supply, compared to a
39 days' supply last year, and-24 days' on
January 1. Production in January was 5.2 per
cent less thlm in January 1937.

The Federal Surplus Commnodities Corpora-
tion has called for bids on 5,000,000 pounds of
dry skim milk of current make (Docember, January
or February) to be delivered on or before
April 15. Bids on this schedule will be opened
March 7.

Casein markets are reported dull and weak.
Stocks are apparently more than ample for
immediate needs. Such a condition places
sellers at some disadvantage. Selling prices
f.o.b. Atlantic Seaboard points range around
8- to 10 cents per pound for 20 30 mesh.
2r vc~ll~rr~rnu -, r --u-


,(" ""A O ,34J "S'n

I p""-"I"-


lJ S?-


VOIiO'i: J0 AIISI3|AINn


PAGE 2










MARCH 28, 1938


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS


DRY MILK MARKET REPORT FOR MARCH 1938
MANUFACTURERS' WHOLESALE SELLING PRICES DURING FEBRUARY
THE WHOLESALE PRICES GIVEN BELOW ARE BASED UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE BASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD'.


DRY SKIM MILK
(BULK GOODS) i


REPORTED SALES
POUNDS
PRICE IN BAGS IN BBLS.
3 3 2,620


187,000
1,901,637
2,476,182
2,502,571


2,717

797,165


357,673 1,125,545
123,594 3,745,516
36,200 2,628,751
4,323,577
474,669
53,200 144,410
62,800


DRY WHOLE MILK
(PULK GOOD T-/


KFEPORTED SALES

PRICE POUNDS


I -1. 17-
I. 1 I 2.
171-18-
1,87-I9-
l9 -20o


237,079
51,154
295,798
720


DRY BUTTERMILK
BULKK GOODS)


REPORTED SALES
POUNDS
PRICE IN BAGS IN BBLS.


31 4'-
3 -4


62-7
71- 1
92 -10

91-10-2


1,706,425
780,264
1,425,587
23,965


-

12,710
9,875
339,497
10,110


TOTAL 7,640,677 13,305,150 584,751 3,936,241 372,192
GRAND TOTAL 20,945,3827 _584;751 4,308,433
AVERAGE PRICE 4.800 6.65. I .4.910 9 9.10
FEB. 1938 5.970 18.21 5.276
JAN. 1938 6.37 19.66' 5.15
FEB. 1937 8.256 19.12 2 6.46


MILK 1. LB.


CANS) 37.63


DRY SKIM MILK:


WHOLESALE-SELLING PRICES, O.F.B. DISTRIBUTING POINTS, FEBRUARY
(CENTS PER POUND)


BOSTON
NEW YORK
PHI LAD ELPHI A
CHICAGO
CLEVELAND
ST.LOUIS


BAGS
5.750
4.0 5.96

4.5 6.5


BBLS ;
6.75 8.50
6.35 9
6.35 8.5
6.5 9.5
7.5 8.5


KANSAS CITY
SEATTLE
PORTLAND
Los ANGELES


BAGS

4.5 6.5
4.5 -.-5.5
: 4.75'


SAN FRANCISCO 4.75- 6.75


BBLS.
7.6 8.50
5.75- 7.0
6.5 7.0
6.0 7.0
5.88- 7.0


4.5 5.0 7.0 8.5


MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE ALL STOCKS IN POSSESSION OF MANUFACTURERS
REPORTING, WHETHER MANUFACTURED BY THEM OR PU CHASED FROM OTHERS, WHETHER ON
THEIR OWN PREMISES, IN STORAGE OR IN TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGN-
MENT, AND WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.

TOTAL STOCKS ON HAND (ALL FIRMS REPORTING)


CLASSES OF
DRY MILK


WHOLE MILK


- I RMS


-1-.- 4 _~_


MARCH I, 1938
I ;-- a[ _n ,.1--T


IN tAGS


FOUNDS
14.997


IN BARRELS


POUNDS
Rf2P. 3P


IN UASES
-- -OUNDS
1I. gR.SR6i


IUIAL
POUNDS
2.183, 908


SKI M1, ,,J-c_147-0- ,f___ --
SKIM M.LK 147 5,153,035 26,812,300 54,959 32,020,294 /
PART SKIM MILK 3 700 0 39,457 40,157
CREAM 2- 0 0; 1,246. 1,246
BUTTERMILK 88 3,571,863 391,640 1,792 3,965,295

MARCH I, :1937 (REVISED)
WHULE MILK 208 8,77U .I1,'62,121 1,120,63b 3,U91U,b26
SKIM MILK 124 8,954,455 27,833,829 25,969 36,814,253
PART SKIM MILK 3 0 40,235 56,838' 97,123
CREAM 2 0 644 644
BUTTERMILK 69 3;764,868 304,701 ..972 4,070,541
/ EQUIVALENT TO 34 DAYS' REQUIREMENTS: ON THE BASIS OF-THE AVERAGE DAILY REQUIRE-
MENTS FOR THE PAST YEAR STOCKS OF DRY SKIM MILK ON MARCH I, WERE EQUAL TO APPROX-
IMATELY 34 DAYS' REQUIREMENTS IN COMPARISON WITH.30 DAYS ON FEBRyARY I, 1.938:
CALCULATED ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND MARCH .I 1937 WERE THE
EQUIVALENT OF 40 DAYS' SUPPLY. TOTAL STOCKS FEBRUARY I, 1938 INCLUDING LATE RE-
ORTS RY WHOLE MILK 2,194,535 POUNDS; DRY SKIM MIK -28,450,842 POUNDS; DRY
BUTTERMILK 3,897,943 POUNDS.
COMPARISON OF TOTAL STOCKS REPORTED BY.MANUFACTURERS ...
CLASSES OF TOTAL STOCKS POUNDS) ON HAND FOR SAME FIRMS REPORTING
DRY MILK PREVI.dUS YEAR PREVIOUS'MONTH
FIRMS MAR. 1,1938 MAR, li1937 FIRMS .MAR. 1,1938 FEB. 1,1938
WHOLE MILK 18 2,.1'83,804 3,076,526 19. 2,183,908 2,190,135
SKIM MILK 113 30,935,900 36,512,874 142 31-,812,109 28,187,565
PART SKIM MILK 2 39,457 97, 123 3 40,157 44,565
CREAM 2 1,246 644 2 1,246 1,194
BUTTERMILK 65 3,631, 100 4,060,1 41 88 S 3,965,295 3,872,943
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE
SOME FIRMS OPERATE MORE THAN ONE FACTORY...
(ovF )
MARCH 1938


WASHINGTON, D.C.


5-} 6
6 62
61 -7
7 71

78 8
8 -
8 9


S/ DRY WHOLE


I


--


- -


I


I-i;;~-;;--t-----~------


I








PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS FEBRUARY


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
CLSCOMfARI SON OF PRODUCT I O. POUNDSS. FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
SFIRrMS FEB. tI38 I FE:B. 1937 FIRMS FEB. 1938 JAN. 1938
WHOLE MILK 17 1,045,299 359.485 18 1,047,436 .1,084,548
SKIM MILK 113 22,438,834- I 19734.034 142 23,602,551 22,793,258
PARTSK IM I LK 2 0 56959 2 700 .0
CREAM 2 2,602 2398 2 2,602 1,194
BUTTERMILK 63 4.214,232 2,919,204 87 4,415,318 3,526,686


FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE Si
FIRMS OPERATE MORE THAN ONE FACTORY.
REPORTS INDICATE THAT FEBRUARY PRODUCTION WAS PACKED AS FOLLOWS:
DRY WHOLE MILK: BAGS 12.44 BARRELS 73.06 CASES
DRY SKIM MILK: 36.05o(8,581,866 LES). 63.92'(15,213,908 LBS) "
DRY BUTTERMILK: .". 66.00;(2,9j4,018 L S) 34.00%( 1,501,300 LBs).
PRODUCTION DRY SKIM MILK JANUARY 1938 (INCLUDING LATE REPORTS)
BAGS 6,648,924 POUNDS (28.63/)
BARRELS 16,559,688 POUNDS (71.30?) oMOK>eO
CASES 15,712 POUNDS ( 0.07%)
TOTAL 23,224,324 POUNDS I/
PRODUCTION DRY SKIM MILK JANUARY 1937 23,270,705 POUNDS. 1 /
PRODUCTION DRY SKIM MILK FEBRUARY 1937 20,266,402 POUNDS. _


1/ SUBJECT TO REVISION.
EXPORTS AND IMPORTS OF DRY MILK


DURING JANUARY AND FEBRUARY 1938


EXPORTS

TOTAL JANUARY 1938
TOTAL JANUARY 1937
TOTAL FEBRUARY I938
TOTAL FEBRUARY 1937.
JAN. FEB. (INC.) 1938
JAN. FEB. (INC.) 1937


CASEIN
CASEIN
CASEIN


IMPORTS.
IMPORTS
IMPORTS


JANUARY
FEBRUARY
JAN. FEB.


POUNDS
370,656
216,37.1
1,295,249
281,632
1,635,905
498,003


I SPORTS


TOTAL JANUARY 1938
TOTAL JANUARY 1937
TOTAL FEBRUARY 1933
TOTAL FEBRUARY 1937
JAN. FEB. (INC.) 1938
JAN. FEB. (INC.) 1937


1938
38,752
56,723
(INC.) 95,475


LESS,
LBS.
LOS.


1937
723,400
1,573,872
2,297,272


HEAVY SALES OF DRY SKIM MILK IN FEBRUARY


February sales of dry skim "ilk were the
heaviest for that nonth since 1935, according
to summaries prepared from reports submitted to
the Bureau of Agricultural Economics by dry milk
manufn.cturors. The total volume reported sold
was 20,946,000 pounds, of which 13,305,000
pounds was packed in barrels, and 7,641,000'
pounds in bags. The increase over February
1937 was due to increased sales this year of dry
skin in bags for animal feed, February sales of
barreled goods being slightly below last year.
Reference to previous years.shows that in 1934,
the heaviest February sales of record were made,
the combined total sales bagged and barreled
at that time being 24,886,000 pounds. The
following year, February sales were again heavy,
being within a half million pounds of the above
amount. Government buying accounted for part
of the February 1935 heavy trade output.
Allowing for those two years, sales in February
1938 were next heaviest of record for the month.

Production of dry-skim milk in February
was heavier than last year in .the case of both
barreled and bagged products. Barreled goods
production as reported was 15,214,000 pounds, a
decrease of 1,300,000 pounds under January, but
an increase of about a million pounds over
February 1937. Animal feed production in
February was 81 million pounds, an increase of
2 million pounds over January and approximately.'
2L million pounds over February 1937. The com-
bined production of both classes was 3.6 percent
above January, and 13.7 percent above February
1937.

Stocks of dry skim milk on March 1 were
32,020,000 pounds, compared with 281 million
pounds on February 1, and 36j- million pounds on
March 1, 1937. The decrease on March 1 under a
year earlier amounted to 15 percent, most of
which was animal feed product, although barreled
goods stocks were also lower. In terms of
average daily requirements, March 1 stocks
represented 34 days' supplies, compared with a
.L 6ZL9O 91 'MARC
MOL 6Z8O0 Z9CZ1 'RCI

V(1llO-- do 0AiIS8 AINn


40 days' supply on March 1, 1937'. Stocks of
dry skin increased approximately 3- million
pounds during February this year, as against
an increase of 11 million pounds in February
1937% The average change during February in
the period 1933-37, inclusive, however, was a
reduction of 1 million pounds.

Wholesale selling prices in February of
dry skim in barrels averaged 6.650 per pound,
which was a third of a cent decrease under
January, but a drop of 2.372 under February
last year. Animal feed product in bags averaged
4.8, per pound in February, again a very slight
drop of approximately i under January, but 1.79
under the February 1937 price. February prices
of both classes of product were above those of
February 1935, and the several years immediately
preceding.

Awards were made early this month (March)
on 5,000,000 pounds of spray process dry skin
milk in barrels purchased by the Federal Surplus
Commodities Corporation for relief distribution.
Prices on these sales ranged from 55 to 6z per
pound, f.o.b. shipping point. Specifications
on these contracts called for current make,
delivery to be made on or before April 15. The
awards included deliveries at various shipping
points in California, Idaho, Illinois, Indiana,
Michigan, Minnesota, Missouri, Oregon,
Pennsylvania, Washington and Wisconsin.

Casein market continues weak. Buying
interest generally lacking and supplies reported
to be more than ample for current or prospective
requirements in immediate future. Approach of
new production season has added: somewhat to
caution of buyers. Wholesale selling prices
f.o.b. Atlantic Seaboard points range from 7-
to 8- cents per pound for 20 to 30 mesh. Wet
casein is reported around 31 cents and dry
casein 4 to 5 cents per pound,; fo.b. shipping
points in Wisconsin.

H 1938


OME


14.504.
0.03%.


POUNDS
972
1, 104,690
22,441
847,985
23,413
1,952,675


LES.
LBS.
LES.


---------------' --------


PAGE 2






APRIL 27, 1938.


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
DRY MILK MARKET REPORT FOR APRIL 1938


WASHINGTON, D.C.


MANUFACTURERS' WHOLESALE SELLING .PRICES DURING MARCH
THE WHOLESALE PRICES GIVEN BELOW ARE BASED.UPON REPORTS FROM MANUFACTURERS
COVERING ACTUAL SALES TO JOBBERS, WHOLESALE GROCERS AND SIMILAR BUYERS FOR GOODS
F.O.B. FACTORY ON THE EASIS OF CASH OR SHORT TIME CREDIT. WIDE RANGES IN PRICES
MAY BE IN PART, ATTRIBUTED TO DIFFERENCES IN QUALITY OR GRADE OF PRODUCT SOLD.
ERY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
BULK GOODS__) (BULK GO66o-I/ ___1 -ULK GOODS
REPORTED SALES REPORTED SALES REPORTED SALES
POUNDS POUNDS
PRICE IN BAGS IN BBLS. PRICE POUNDS PRICE IN BAGS IN BBLS.
3 310 295,930 15 15-0 86,200 3 160,250 -
31 4 2,363,507' 399,700 157 16- 264,227 31-- 4, 2,083,830 600
4 4- 2,711,778 694,600 16- -17- 440,055 5, 1,781,413 21,279
44 -5 2,647,531 1,372,466 17~ 18- 88,430 5 6 6,110 -
5 5. 1,124,733 2,452,671 18 19 6 7 10,295 448,509
5 6 2,877,173 2 2,568 7 -
6 61 23,903 5,706,227 8 9--
6 7 2,400 5,833,130 9L- 10 2,000
7 71 72,000 .729,485 10"- II 2,600
71 8 123,556
88 8 -- 78,224
TOTAL 9,241,782 20,267,232 881,480 4,041,898 474,988
GRAND TOTAL 29,509,014 1 881,480 4,516,886
AVERAGE PRICE 4.27 0 5.98 I 4.570- -6.68O
MAR. 1938 5.45. 16.895 4.792
FEB. 1938. 5.97 18.21 5.270
MAR. 1937 7.627 17.62_ 5.85q
iJ DRY WHOLE MILK (I LB. CANS) 36.450 PER POUND.
DRY SKIM MILK: WHOLESALE SELLING PRICES, F.0.B. DISTRIBUTING POINTS, MARCH
(CENTS PER. POUND)
F.O.B. BAGS BBLS. F.O.B. BAGS BBLS.
BOSTON 4 5.250 6,175 7,5# KANSAS CITY 7 7.50
NEW YORK 3.5 5.125 5 8i.5 SEATTLE 3.75 5.07505.2- 6.64
PHILADELPHIA 4 6.5 6.175 7.5 PORTLAND 4 4.75 5.8- 6.58
CHICAGO 4 6.5 6.-12 7.5 Los ANGELES 4 4.75 6 6.5
CLEVELAND 4.3 7 7.5 SAN FRANCISCO 4 5 6 6.5
ST. LOUIS 5 6.5 7 7.5
MANUFACTURERS' STOCKS OF DRY MILK
TOTAL STOCKS ON HAND INCLUDE ALL STOCKS IN POSSESSION OF MANUFACTURERS
'REPORTING, WHETHER MANUFACTURED BY THEM OR PURCHASED FROM OTHERS, WHETHER ON
THEIR OWN PREMISES, IN 'STORAGE OR INl TRANSIT (UNSOLD) FOR WAREHOUSE CONSIGN-
MENT, AND WHETHER SOLD OR CONTRACTED FOR SALE BUT NOT DELIVERED.
TOTAL STOCKS ON HAND (ALL FIRMS REPORTING)
CLASSES OF APRIL 1938-
DRY MILK FIRMS IN BAGS IN BARRELS IN CASES TOTAL
POUNDS POUNDS POUNDS POUNDS
WHOLE MILK 20 b7,44 9 983.46 2 1,I10,95 2,24479UU
SKIM MILK 151 6,597,803 28,671,597 51,012 35,320,412 1/
PARTSKIMMILK 3 0 0 88,518 88,518
CREAM 2 0 0 850 850
BUTTERMILK 90 3,304,149 221,755 821 3,526,725
APRIL 1, 1937 (REVISED)
WHOLE MILK 19 6,030 1,783,238 1,104,701 2,893,969
SKIM MILK 124 9,187,650 26,857,145 40,563 36,085,358
PART SKIM MILK 3 0 65,093 68,223 133,316
CREAM-. .- _
BUTTERMILK 68 3,849,146 274,545 711 4,124,401
I/ EQUIVALENT TO 38 DAYS' REQUIREMENTS: ON THE BASIS OF THE AVERAGE DAILY REQUIRE-
MENTS FOR THE PAST YEAR STOCKS OF DRY SKIM MILK ON APRIL I, WERE EQUAL TO APPROXI-
MATELY 38 DAYS' REQUIREMENTS IN COMPARISON WITH 34 DAYS ON MARCH I, 1938. CALCULATED
ON THE SAME BASIS A YEAR AGO, STOCKS ON HAND APRIL I, 1937 WERE THE EQUIVALENT OF
39 DAYS' SUPPLY. TOTAL STOCKS MARCH I, 1938 (INCLUDING LATE REPORTS): DRY WHOLE
MILK 2 183,908 POUNDS; DRY SKIM MILK 32,173,554 POUNDS; DRY BUTTERMILK -
3,968,755 POUNDS.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
TOTAL STOCKS (POUNDS) ON HAND FOR SAME FIRMS REPORTING
CLASSES OF
DRY MILK PREVIOUS YEAR PREVIOUS MONTH
FIRMS APR. 1,1938 APR. 1,1937 FIRMS APR. 1,1938 MAR. 1,1938
WHOLE MILK 19 2,242,341 2,893,969 20 2,244,906 2,183,908
SKIM MILK 117 34,103,575 35,945,630 145 35,104;012 31,846,045
PARTSKIMMILK 3 88.518 133,316 3 88,518 40,157
CREAM- 2 850 1,246
BUTTERMILK 65 3,178.321 4,113,102 87 3,446,725 3,952,467


FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER
FIRMS OPERATE MORE THAN ONE FACTORY.


(OVER)
APRIL 1938


OF FACTORIES SINCE SOME


UNIV. OF FL LII.


DU.. DEP ITOrY

u.t. gpoTOIY







PRODUCTION OF DRY MILK REPORTED BY MANUFACTURERS MARCH


INCLUDES REPORTS FROM PRINCIPAL FIRMS OPERATING DRY MILK FACTORIES IN THE
UNITED STATES.
COMPARISON OF PRODUCTION POUNDS) FOR SAME FIRMS
CLASSES OF PREVIOUS YEAR PREVIOUS MONTH
RY MIL FIRMS MAR. 1938 MAF. 1937 FIRMS MAR. 1938 FEB. 1938
WHOLE MILK 17 1,380,097 700,660 17 1,386,331 1,047,436
SKIM MILK 117- 28,609,458 24;316 154 145 30,036,141 23,647,008
PARTSKIM MILK 2 54,696 74,009 2 54,696 700
CREAM -2 2 1,404 2,602
BUTTERMI LK 67 3,914,222. 3,.543,62Q0 88 4, 115,094 4,400,438
FIGURES SHOWING NUMBER OF FIRMS DO NOT REPRESENT NUMBER OF FACTORIES SINCE SOME
FIRMS OPERATE MORE THAN "ONE FACTORY.


REPORTS INDICATE THAT MARCH PRODUCTION WAS PACKED AS FOLLOWS
DRY WHOLE MILK: BAGS 6.03% BARRELS 85.68% CASES
DRY SKIM MILK: 35.08%(10,.632,412 LBS&) 4.92(1 9,675,665 Les)
DRY BUTTERMILK: 92..49%( 3,824,990 BS.) 7.511( 310,614 LBS)
PRODUCTION DRY SKIM MILK. FEBRUARY. 1938.(INCLUDING LATE REPORTS)
.BAGS 8,695,871 POUNDS (36.33%)
BARRELS 15,229,654 POUNDS (63.64C)
CASES 7,592 POUNDS ( 0.03%)
TOTAL 23,933, 1i7 POUNDS I/'
PRODUCTION DRY SKIM MILK MARCH 1937 24.,51-9,622 POUNDS. 1J
1/ SUBJECT TO REVISION. ;
EXPORTS AND IMPORTS OF DRY MILK DURING MARCH 1938


8.29%.


EXPORTS

TOTAL MARCH 1938
TOTAL MARCH 1937,
JAN.-MAR. (INC.) 1938-
JAN.-MAR. (INC.) 1937


POUNDS
788,443
326, 189
2,454,348-
824,192


CASEIN IMPORTS MARCH
CASEIN IMPORTS JAN. -'MAR. (INC.)


IMPORTS


TOTAL MARCH
TOTAL MARCH
JAN. MAR.. (I
JAN. MAR. (I


1938
1.,344 LBS.
96., 819 LBS.


1938
1937
NC.). 1938
NC.) 1937
1937
792,491
.3,089,763


POUNDS
1,421
466,653
24 834
2,419,328


LBS.
LBS.


MARCH SALES.OF DRY SKlM'MILK 'NEW RECORD:-HIGH FOR MONTH


Tabulation of reports furnished the
Bureau of Agricultural Economics-by manufacturers
of dry skim milk, show th:-t again in March a'new-
high record of sales was reached. Total sales
of this' class of goods, amounting to 29,509,000
pounds, exceeded by'2 million pounds the previous
March record established last year.' Five years
ago, March sales were only 20a million pounds,
and ten years ago, total sales that month were
less than 10 million pounds. More than two-thirds
of this year's sales of dry skim milk have.been
barreled goods packed for human consumption.

Production of dry skim milk in March was
approximately 30- million pounds, 65 percent of
which was packed in barrels. This was an
increase over March 1937 of 17.7 percent, but
was a slight decrease under March 1936, in which
year the heaviest March pack of record occurred.
Average production-during March in the 5-year
period, 1933-37 inclusive, was slightly less than
211 million pounds. The increase during March
over February, was 27.0 percent this year,
compared with an average seasonal increase of
about 20 percent.

Stocks of dry skin milk 'in manufacturers'
hands on April 1 amounted to 35,320,000 pounds,
a decrease of 5 percent below a yor- earlier, but
an increase of 1Q percent over .the previous
month. In terms of pounds the increase in stocks
during March was 3,300,000 pounds, compared with
an average March increase the past: 5 years of
600,000 pounds. These April .1 'stocks, however,
represented the equivalent of but 38: days average
daily requireennts, figured on the basis of the
past year's inovements, compared with a 39 days
supply on hand April 1, 1937. Of these. current
stocks, 81 percent was in barrels, an.;increase of
about 6 percent over the amount held in barrels-
on April 1 last year. As. previously noted, March
production was heavy,- and it was active selling
during the month that was responsible for keeping-
stocks in a relatively .favorable position
compared with last year.


,Manufacturers selling prices of dry skim
iilk in March averaged slightly below the
previous month. In the case of dry skim in
bags, the reduction was approximately ,, and
on barreled goods about 2/3j per-pound.
Compared with a year earlier, dry skin ir bags
was 1.40 lower, and in barrels 2.40 lower.
Included in March sales was part of the spray
process dry skin purchased early in the month
by the Federal Surplus Commodities Corporation
under a continuation of the dairy products
surplus removal program, which milk was distri-
buted through State relief agencies. On
April 23 the F.S.C.C. made additional awards for
the purchase of 91 can's (3,642,000 pounds)'of
roller process dry skim, for delivery prior to
May 31. .The latter purchases represented
surplus stocks in plants located in Wisconsin,
Minnesota, Nobraska, Michigan, New York,
Maryland, Utah and Oregon.
.The latest import and.export. figures
available on dry milk are for March, during
which month total exports were 788,000 pounds,
compared with 326,000 pounds in March 1937, Of
this year's March exports, 524,000 pounds were
dry skim, and the balance dry whole milk. Total
exports for the first quarter' of 1938 were'
2,454,000 pounds, 1,863,000 pounds of which
were dry skin. During the corresponding period
of 1937, exports totaled 824,000 pounds, 349,00C
pounds being dry .skim, and 475,000 pounds .dry
whole milk. Imports of dry milk this year up to
April 1 were only 25,000 pounds, all of which
was dry whole milk. Last year, during the'
corresponding period, imports were 2,419,000
pounds, of which 1,313,000 pounds were dry skim.
The casoin market continues to be'weak
according to information available. Production
is said to be about normal for the season stocks
oh hand fairly large, and buying slow. Purchases
are mostly on a hand-to-mouth basis. Wholesale
selling prices f..o.b..Atlantic Seaboard range
6 to 7.- per pound fbr carlots of 20-30 mesh.
e.t'casoin at Wisconsin shipping points reported
around ,3z per pound, and dry case in 4 to 5.


APRIL 1.938


Z9ZL 6ZL80 A 981. C

VOIaO-d doO llSAIAINnl


PAGE 2






May 27, 1938


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS WASHINGTON, D. C.
DRY MILK MARKET:.REPORT FOR MAY 1938
MANUFACTURERS' WHOLESALE SELLING PRICES DURING APRIL


The wholesale prices given below are based upon reports from manufacturers
covering actual sales to jobbers, wholesale !grocers and similar buyers for goods
F.O.B. factory on the basis of cash or short time credit. Wide ranges in prices
may be in part attributed to differences in quality or grade of product sold.
RY SKIM MILK DRY WHOLE MILK DRY BUTTERMILK
"(Bulk goods) (Bulk.goods) I /(Bulk goods)
Reported' sales ., Reported sales Reported sales
Pounds Pounds
Price In bags In bbls. Price Pounds .Price In bags /In bbls.
2 873,132 14 15 88,426 2- 37 1,028,224
3 3 2163,918 -- 15 16 .176,378 3 4 1,680,328 -
3 4 3,029,391 221,000 16 17 .306.471 4g 5- 1,430,716 9,100
75 396951Oq.
4 4 3,753,895 617,590 17 18 5,200 5 6 .100 43,872
4 5 820,194 2,038,034 18 I 944 6-- 7 5,460 1,900
5 61,484 4,248,633 7- 8 3,515
5j- 6 2,604 .6,457,386.
6 100 5,674,138
6 -1 7 79,700 1,416,122
7 7 237,020
7. -8 .200
TOTAL 10,784,418 20,910,123 577,419 4,144,828 58,387
GRAND TOTAL 31.694.541 577. 419 4.203.215
AVERAGE PRICE 3.79 5.67 .. 4.14 5.88.
Apr. 1938 5,03 16,5 4,16
Mar, 1938 5.450 16.89 4.790
Apr. 1937 7.19 17.31 .. 5.32


1/ Dry whole milk (1 lb. cans) ,


35.42,. per pound.


DRY SKIM MILK: WHOLESALE SELLING PRICES. F. 0. B.: DISTRIBUTING POINTS. APRIL


F..O.B,
Boston
New York
Philadelphia
Chicago
-Cleveland
St. Louis


Bag ,.: -, ,
4.25#
3,5 5.125
3 65 7
3,5 7

3.45 5


(Cents per pound)
Bbls. O F.0.B.
4.512 7? Kansas City
5,25 7 eattle-:
5: 7.5 Portland *
4.5' 7 25 Los Angeles
5.5- -'7 San Francisco


Bags

3.6
3,75 -' 4,5

3.5 4.5


6.25 7
MANUFACTURERS' STOCKS OF DRY MILK


Bbls.
.625 70
4,94 6.25
5,5 -6,13
5.5- 6
5.5 6.13


TOTAL STOCKS on hand include all stocks in possession of manufacturers report-
ing, whether manufactured by them or purchased from others,. whether on their own
premises, in storage or in transit (unsold) for warehouse consignment, and whether
sold or contracted for sale .T.t not delivered. .
TOTAL STOCKS ON HAND (All'firms reporting)
CLASSES OF May 1, 1938__
DRY MILK Firmsj In bags .In barrels In cases Total
o Pounds Pounds 'Pounds. Pounds
Whole-Milk 20 40,489 .1,287,966 1,220,706 2,549,161
Skim Milk. 148 8,968,064 32,029,798 .47,743 41,045,605 1/
Part Skim Milk 3 0 0 85,441 85,441
Cream 2 0 0 803 803
Buttermilk 87 3.787,660 448,275 1.625 4,267,560
May 1, 1937 (Revised)
Whole Milk 20 12,752 1,634,072 1,009,004 2,655,828
Skim Milk 126 8,647,859 28,484,195 47,036 37,179,090
Part Skim Milk 3 0 26,893 62,918 89,811
Cream 2 0 0 323 323
Buttermilk 66 3.600,842 431,581 122 4.032.545
I/ Equivalent to 44 days' requirements: On the basis of the average daily require-
ments for the past year stocks of dry skim milk on May 1, were equal to approxi-
mately 44 days' requirements in comparison with 38 days on April 1, 1938: calculated
on the same basis a year ago, stocks on hand May 1, 1937 were the equivalent of 41
days' supply. Total stocks April 1, 1938 (including late reports): Dry whole milk-
2,244,906 pounds; Dry skim milk 35,508,661 pounds; Dry buttermilk 3,539,525
pounds.
COMPARISON OF TOTAL STOCKS REPORTED BY MANUFACTURERS
CLASSES OF Total stocks (pounds) on hand for same firms reporting

Firms May 1. 1938 May 1. 1937 Firms May_ 1. 1938 Ar 1. 1938
Whole Milk 19 2,548,902 2,655,828 20 2,549,161 2,244,906
Skim Milk 117 39,192,629 37,018,684 148 41,045,605 35,122,616
Part Skim Milk :3 85,441 89,811 3 85,441 -88,518
Cream 2 803 323 2 803 850
Buttermilk 64 3,884,798 4,011,045 87 4,237,560 3,383,828


Figures snowing number o1 firms do not represent number o01 actor.es
firms operate, more than one factory.
.(Over)
May 1938


since some-.








PRODUCTION OF DRY MILK REPORTED BY MAMTFACTURERS APRIL Page 2
Includes reports from principal firms operating dry milk factories in the
United States.
CLASSES OF Comparison of nrodiction pounds) for same firms
DRY MILK Previous yea Previous month
.Firms Apr. 1938 April 1937 Firms" April 1938 Mar. 1938


Whole Milk
Skim Milk
Part Skim Milk
Cream
Buttermilk
Figures showing
firms operate


1,457,078
33,388,630
0
2,228
4.498.186


821,997
27,658,764
8,285
1,901'
3.512.913


number of firms do not represent
more than one factory.


1,457,801
35,608,694
0
2,228
4.703.739


1,386,331
29,984,635
54,696
1,404
4.036.862


number of factories since some


Reports indicate that April production was packed
Dry whole milk: Bags 6,13% Barrels 78.60%
Dry skim milk: 36.08%(12,846,847 Lbs.) 63.92%1
Dry bt termilk: 93.77%( 4,410,865 Lbcs.) .. .6.23%(
Production dry skim milk March 1938 (including late reports;
Bags 10,786,653 pounds (35.36%)
Barrels 19,716,171 pounds (64,64%)
Total 30,502,824 pounds 1/
Production dry skim milk April 1937 27,846,146 pounds l/
1/ Subject to revision.


EXPORTS AND IMPORTS


- April 1938.
- April' 1937
Apr.(Inc.) 1938
Apr.(Inc.) 1937


EXPORTS
Pounds
667,654.
S411,864
S 3,122,002
1,236,056


imports April
imports Jan. Apr. (Inc.)


as follows:

(22,761,847
292,874
)


OF ORY MILK DURING APRIL 1938


Total
Total
Jan. -
Jan. -


Cases 15.27%
Lbs.)
Lbs,)


IMPORTS


- April 1938
- April 1937
Apr. (Inc.) 1938
Apr. (Inc.) 1937


1938
32,530
129,349


Lbs.
Lbs.


Pounds
74
80,764
24,908
2,500,095


1937
572,566 Lbs.
3,662,329-Lbs.


PRODUCTION AND SALES OF DRY SKIM MILK AT RECORD HIGH
LEVELS FOR APRIL. MAY 1 STOCKS ALSO LARGE


New high records for April were es-
tablished in the production and sales of
dry 'skim milk, according to the Bureau
of Agricultural Economics. A summary
of reports from leading manufacturers
comparing production for both this year
and last indicates an increase in the
April output of 21 percent over that of
April last year.
Complete figures on the production
of dry skim milk are not available for
April either this year or last. But
preliminary tabulations, which include
the current production of all major pro-
ducers, point to the largest April out-
put in the industry's history. A compar-I
ison of reports from identical plants
on the production of dry whole milk and
dry buttermilk also indicates a substan-
tial increase in the April output of '
these products over April 1937; dry
whole milk registered a gain of 77 per-
cent and dry buttermilk 28 percent.
Sales of dry skim milkin April, as
reported by manufacturers to the Bureau
amounted to a total of 31,700,000 pounds.
These sales are about 2 million pounds in
excess of the previous record sales for
April reported in 1936, and-almost 6
million pounds larger than the 5-year
(1933-37) average for April.
Included in the current April sales,
however, was a total of 2,338,000 pounds
of spray process delivered on contracts
previously awarded by the Federal Sur-
plus Commodity Corporation. If-this
amount is deducted from.the total sales
reported, deliveries would still be

MAY


81,LL 6L980 9 1.

voIl1IIIN II!ill Iill Ido IINn
V(]INO'- .40 A1ISNBAI~


among the largest of record for April.
Bids on 5,000,000 pounds of roller
process were opened by the Federal Sur-
plus Commodity Corporation in late April,
but awards were made for only 3,642,000
pounds, Deliveries on these awards will
probably all be made in May. Additional
bids on 8,000,000 pounds of spray pro-
cess have been asked for by the Corpor-
ation. These bids are scheduled to be
opened on May 31.
In spite of the largest April de-
liveries in history, the seasonal in-
crease in manufacturers' stocks .of dry
skim milk during April was one of the
largest of record for that month. Such
stocks on May 1 amounted.to a total of
more than 41 million pounds, the equiv-
alent of 44 days? supply. Measured on
the basis of volume the May 1 stocks
were the largest ever reported for that
date, but when considered in terms of
current requirement, they were exceeded
in 1931 when a total off57 days' supply
wa's reported, and in 1930 when they
equalled 46 days' supply.
On.the basis of the April sales,
prices on dry skim milk are still de-
clining. The average for April on all
sales reported was 5.03 cents per pound.
This is the lowest average April price
since 1933 when it amounted to 4.02
cents. The only other two years in which
the April average price was lower than
this year were the depression years of
1931 and 1932.



1938 .I -- .,



rt jo AINnL


17
113
2

62
62


Total
Total
:Jan. -
Jan. -


Casein
Casein


--,


1-


I




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