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UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
No. 211 WASHINGTON, D.C. MARCH 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 FE 7*
NUMBER OF FACTORIES PRICE PER CWT.
REPORTING RANGE AVERAGE
NEW ENGLAND $ $
MIDDLE ATLANTIC 6 T 1.63-1.75 1.69
SOUTH ATLANTIC 2 1.44-1.62 1.53
E.NORTH CENTRAL 83 1.54-1.84 I.58
W.NORTH CENTRAL II 1.50-1.65 I.59
SOUTH CENTRAL 13 1.40-1.53 I.44
NORTHWESTERN II 1.47-1.61 1.53
SOUTHWESTERN 22 1.52-1.71 1.67
U.S. FEB. 1937 148 1.40-1.84 1.58
U.S. JAN. 1937 144 1.40-1 .78 1.59
U.S. FEB. 1936 141 1.38-1.99 1.62
* NOTE: THE INFORMATION CARRIED IN THE BODY OF THIS TABLE APPLIES TO 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.
_/ 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 FEBRUARY 1 .63.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MIILK MARKETING AGREEMENT.
FEBRUARY 1937 JANUARY 1937 FEBRUARY 1936
SECTION I $1.58 $1.59 $1.64
2 .69 1.75 1.79
3 1.50 1.51 1.53
"1 4 1.59 1.58 1.56
5 1.53 1.57 1.49
6 .69 1.71 1.68
U.S AVERAGE 1.58 1.59 1.62
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS FEBRUARY 1937
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.
F. 0. B.
(PER CASE OF 48 14.7 OZ. CANS)
A AvGE F
(PER CASE OF 48 14 OZ. CANS)
BOSTON $2.94-3.30 $3.06 $4.40-5.00 $4.70
NEW YORK CITY 2.94-3.30 3.08 4.40-5.00 4.65
PHILADELPHIA 2.94-3.30 3.05 4.40-5.00 4.70
CHICAGO 2.84-3.20 2.98 -
CLEVELAND 2.84-3.20 2.96 -
ST. Louis 2.84-3.20 3.00 -
KANSAS CITY 2.84-3.20 2.99 -
MINNEAPOLIS-ST.PAUL 2.84-3.20 2.98 -
ATLANTA 2.84-3.20 2.98 4.40 4.40
NEW ORLEANS 2.84-3.20 2.99 4.40-5.00 4.50
DENVER 2.84-3.20 2.98
SEATTLE 2.84-3.10 2.93
SAN FRANCISCO 2.74-3.05 2.86
Los ANGELES 2.74-3.05 2.86 _--
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS FEBRUARY 1937
UNSWEETENED EVAPORATED SWE TENED CONDENSED SWEETENED CONDENSED
(PER CASE OF (PER CASE OF BULK PER CWT.
48 147 oz. CANS) 48 14 OZ. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.06 $4.80 $8.50 $5,62
MIDDLE ATLANTIC 3.03 4.73 8.50 5.38
SOUTH ATLANTIC 3.03 4.83 8.50 6.25
E. N. CENTRAL 2.98 5.25 8.30 5.30
W. N. CENTRAL 2.99 5.25 8,33 5.86
SOUTH CENTRAL 2.98 4.73 8.50 6.25
NORTH WESTERN 2.99 5.39 8.50 -6.33
SOUTH WESTERN 2.91 5.39 8.50 6.25
FEB.1937 $2.99 $4.89 $8.40 $5.66
JAN.1937 $3.11 $4.86 $8.49 $5.69
FEB.1936 $2.93 $4.80 $8.05 $5.06
EVAPORATED MILK FIRM FOLLOWING
Reports received by the Bureau of
Agricultural Economics from evaporated milk
manufacturers this month (March) indicate that
there was a heavier-than-usual seasonal increase
in production during February, but that an
unusually active movement from manufacturers'
hands during the month more than offset this,
The net result of these counter changes-was
that manufacturers' stocks on March 1 were 15
percent lighter than a month earlier. Estimated
production of evaporated case in February was
123,000,000 pounds, an increase of approximately
9 percent over February 1936, This was a
record pack for the mornh, exceeding the
previous February record in 1935 by over 2
million pounds. Regardless of the short month,
1937 production in February was 5.6 percent
greater than in January, compared with an
(CONTINUED ON NEXT PAGE)
STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK
TOTAI_ STOCKS 'INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WtHETHER THEIR
9WN OR TOCKS OF OTHERS; WHETHER ON THEIR OVN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
STOCKS AND PRODUCTION FIGURES FOR THE CjURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIF.1S MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK CONDENSED MI K CONDENSED MIK
(CASE GOODS) CASE GOODS) BULK GOODS)
TOTAL STOCKS ON MAR. I, 1937 176,912,495 LBS. 4,958,337 LBS. 4,821,353 LBS.
No. OF FIRMS REPORTING* 38 7 26
COMPARISON FOR SAME FIRMS:
MARCH I, 1937 176,912,495 LBS. 4,958,337 LBS. 4,821,383 LBS.
FEBRUARY 1, 1937 208,910,821 LBS. 7,123,994 LBS. 5,249,334 LBS.
SCHANGE DURING MONTH -15.320 -30.40o 8.15%
FIRMS IN COMPARISON 38 7 26
MARCH 1, 1937 173,124,852 LBS. 4,958,337 LBS. 4,457,713 LBS.
MARCH I, 1936 45,374,954 LBS. 3,659,483 LBS. 1,996,443 LBS.
% CHANGE FROM PREV. YEAR +281.54% +35.49% +123.28o
FIRMS IN COMPARISON* 35 7 23
COMPARISON FOR SAME FIRMS:
FEBRUARY, 1937 122,734,098 LBS. 3,952,737 LBS. 8,862,860 LBS.
ANUARY, 1937 116,229,518 LBS. 4,689,601 LBS. 9,980,794 LBS.
% CHANGE DURING MONTH + 5.60% -15.71% -11.20L
FIRMS IN COMPARISON* 38 7 26
FEBRUARY, 1937 121,772,133 LBS. 3,952,737 LBS. 8,271,699 LBS.
FEBRUARY, 1936 111,785,683 LBS. 4,211,483 LBS. 9,018,260 LBS.
CHANGE FROM PREV. YEAR + 8.93% 6.14, 8.28%
FIRMS IN COMPARISON*' 35 7 23
FINAL REVISIONS FOR I LST MONTH:I
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISIONS.
AVERAGE DAILY PURCHASE FER PRODUCER*
1937 1936 1937 1936
TOTAL PURCHASES 273,650,659 LBS 232,887,796 LBS 281,663,196 LBS 241,615,679 LBS
NUMBER OF PRODUCERS 101,764 85,784 104,286 86,510
PRODUCER 96.04 LBS 96.96 LBS 87.12 LBS 90.09 LBS
IN 1937 COMPARED 0.95 3.30
PERCENTAGE CHANGE IN FEB. 1937 CO PARED WITH JAN. 1937
PERCENTAGE CHANGE IN FEB. 1936 COMPARED WITH JAN. 1936
(CONTINUED FROM FIRST PAGE)
average increase during the corresponding
period of the previous five years of less than
1 percent. At least part of the answer for
this year's increase is found in the heavier
milk production per cow which has featured
some of the important condenscry areas. This
is particularly true of the far Eastern States,
and most of the East NorthCentral Section,
which include Wisconsin, Michigan, Ohio,
Illinois and Indiana. In the latter State only
was this year's production per cow on March 1
lost: than last year. That there has been a
relatively heavy production of milk in this
territory has been indicated by reports
available regarding local production of butter
While manufacturers' stocks of evaporated
milk on March 1 wore the largest of record for
that date, it is of some significance to note
that the reduction during February was
32,000,000 pounds, compared to an average
reduction the past five years of but 24,000,000
pounds. This year's March 1 stocks amounting,
to 177,000,000 pounds, were considerably above
the five-year average of 81,000,000 pounds, but
it is to be noted th;.t this average is low
because of the extreu.ely low stocks in 1935 and
1936. In 1935, for example, the quantity on
hand was only 29,000,000 pounds, the smallest
amounts ever reported for any month, and the
following year, stocks totaled but 45,000,000
pounds. The drop in selling prices which
ZC96 CLSO Z9
occurred early in February, apparently further
stimulated buying by distributors of evaporated
milk, for a preliminary calculation of February
trade output indicates a heavy movement during
the r.onth, exceeding February 1936 by about 17
percent. The filling of Government contracts
under awards made in February contributed in
some measure to this movement, although the
total awards under the last AAA schedule on
evaporated milk called for but 10 million pounds.
Wholesale selling prices of evaporated
milk nave continued unchanged this month, and
average approximately 10( per case above a year
ago. From what has beonsiid, it is apparent
that supplies are plentiful, but nevertheless,
the tono of the market holds steady to firm.
Average prices paid producers for February milk
were approximately the sane as for January, but
were slightly lower than a year earlier.
Condensed milk is also steady to firm.
In the case of this product, production has been
run ing below last year, and trade output also
probably somewhat lower. Stocks of condensed
case on March 1, amounting to only about 5
million pounds, were a third greater than last
year. The sugar situation is of some interest
at the o.onent to manufactures of this class of
goods, with occasional reference to the
possibility of prices of condensed milk
advancing if sugar costs increase.
"UNIV. Oe FL Li.
I.LSY. DEiPOMftTOR! |
TOTAL STOCKS ON FEB. I, 1937
ESTIMATED PRODUCTION FEB. 1937**
ESTIMATED PRODUCTION FEB. 1936**
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