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:
AA00013239:00074


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Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED M ILK MARKET REPORT
(MAY 1937)
No. 213 WASHINGTON, D.C. MAY 22, 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.


PRICES PAID PRODUCERS FOR 3.5% MILK


F. 0. B. FACTORY FOR APRIL 1937*


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPORTING RANGE : AVERAGE
NEW ENGLAND $ -
MIDDLE ATLANTIC 6 T/ .54- .58 .57
SOUTH ATLANTIC 3 1.36-1.70 .52
E.NORTH CENTRAL 84 1.45- .90 .49
W.NORTH CENTRAL II I .36-1.63 .45
SOUTH CENTRAL 13 1.31-1.39 .36
NORTHWESTERN 11 1.38-1.58 .49
SOUTHWESTERN 22 .40-1.66 .60
U.S. APR. 1937 150 1.31-1.90 1.49
U.S. MAR. 1937 148 1.47-1.84 1.63
U.S. APR. 1936 145 1.25-1.65 1.40
*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.

1/ 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 APRIL $1.51.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.

APRIL 1937 MARCH 1937 APRIL 1936
SECTION I $1.49 $1.62 $1.40
2 .59 1.71 .51
t 3 .41 1.53 .28
I 4 .49 1.69 1.36
t 5 1.50 I.68 1.37
6 i .63 1.80 1.57

U.S. AVERAGE I .49 1 .63 1 .40
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS APRIL 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
CASE OR SHORT TIME CREDIT .

S EVAPORATED MILK CONDENSED MILK
F. 0. B. (PER CASE OF 48 44, oz. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANGE I AVERAGE
BOSTON $2.90-3.30 $3.02 $4.40-5.00 $4.70
NEW YORK CITY 2.90-3.30 3.03 4.40-5.00 I 4.65
PHILADELPHIA 2.90-3.30 3.01 4.50-5.00 4.69
CHICAGO 2.80-3.05 2.92 -
CLEVELAND 2.80-3.20 2.92 1 -
ST. Louis 2.80-3.05 2.95 -
KANSAS CITY 2.80-3.05 2.93
MINNEAPOLIS-ST.PAUL 2.80-3.20 2.93 -
ATLANTA 2.84-3.05 2.95 4.40 4.40
NEW ORLEANS 2.84-3.20 2.95 4.40-5.00 4.52
DENVER i 2.84-3.05 2.95
SEATTLE i 2.84-3,07 2.94
SAN FRANCISCO 2.70-3.05 2.82
Los ANGELES 2.70-3.05 2.82

AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS APRIL 1937
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWEETENED C)NDENRED
(PER CASE OF (PEr CASE OF _(BULK PER CWT.)
48 14-- oz. CANS) 48 14 OZ. CANS) UNSK MMED SKIMMED
NEW ENGLAND $3.03 $4.80 $8.25 $5.30
MIDDLE ATLANTIC 3.01 4.73 8.25 4.96
SOUTH ATLANTIC 3.03 4.83 8.25 6.00
E. N. CENTRAL 2.95 5.25 7.86 4.93
W. N. CENTRAL 2.97 5.25 8.00 5.65
SOUTH CENTRAL 2.98 4.73 8.25 6.00
NORTH WESTERN 3.01 5.39 8.25 6.17
SOUTH WESIERN 2.88 I 5.39 8.25 6.00
U. S. AVERAGE
APRIL 1937 $2.98 $4.89 $8.07 $5.34
U. S. AVERAGE
MARCH 1937 $2.96 $4.89 $8.08 $5.42
U. S. AVERAGE
APRIL 1936 $2.96 $4.80 $7.98 $4.99
**********l*********************************************** ************************
NOTICE: THE MAILING LIST FOR THIS REPORT WAS RECENTLY CIRCULARIZED. THIS IS THE*
*AST COPY WHICH WILI. BE SENT TO YOUr ADDRESS, UNLESS THE CARD WHICH WAS PROVIDED *
*IS RETURNED, OR WE ARE OTHERWISE ADVISED OF YOUR DESIRE TO HAVE THE REPORT CON- *
I NUED *
* ************* ** ******************* *********M***************
MAY 1937






STOCKS AND PRkC'JCTIO O OF EVAPCRATZD AND CCM\DENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
WN OR STOCKS OF OTHERS; WHETHER ON THCIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIGUR:- FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED M LK CONDENSED MILK CONDENSED MILK
(CASE GOODS) (CSE GOODS) BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON MAY I, 1937 161,207,600 LBS. 4,400,288 LBS. 5,633,462 LBS.
NO. OF FIRMS REPORTING 38 7 26
COMPARISON FOR SAME FIRMS:
MAY I, 1937 161,207,600 LBS. 4,400,288 LBS. 5,633,462 LBS.
PRIL I, 1937 152,455,094 LBS. 4,202,616 LBS. 5,103,721 Bs.
CHANGE DURING MONTH + 5.74% + 4.70% +10.38b
FIRMS IN COMPARISON 38 7 26
MAY I, 1937 158,322,249 LBS. 4,400,288 LBS. 5,632,036 LBS.
NAY I, 1936 61,774,996 LeS. 3,740,714 s. 4,366,162 Ls.
CHANGE FROM PREV. YEAR +156.29% +17.63 +28.
IRMS IN COMPARISON* 35 7 25

COMPARISON FOR SAME FIRMS: PRODUCTION
APRIL 1937 177,03L2,937 LBS. 3,628,346 L'S. 12,505,949 LBS.
ARCH 1937 150,637,399 aBS. 3,704,612 LBS. 9,993,575 LBS.
CHANGE DURING MONTH +17.5S2 2.06& +25. 14
IRMS IN COMPARISON* 37 7 26
APRIL 1937 176,450,403 LBS. 3,628,346 LBS. 12,182,505 LBS.
APRIL 1936 177,545,374 LBS. 4,742,643 LBS. 11,737,451 ILS.
CHANGE FROM PREV. YEAR 0.62% -23.50% + 3.79%
IRMS IN COMPARISON* 34 7 25
-INAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON APR. I, 1937 152,575,323 LBS. 4,202,616 LBS. 5,594,192 LBS.
-STIMATED PRODUCTION APR. 1937** 178,244,000 LBO. 3,664,000 LBS. 17,824,000 LBS.
:STIMATED PRODUCTION APR. 1936** 179,356,000 LBS. 4,789,000 LBS. 17,174,000 LBS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
%*SUBJECT TO REVISIONS.
AVERAGE DAILY PURCHASE P-R PRODUCER*
APRIL MARCH
1937 i 1936 1937 1936
FOTAL PURCHASES 357,94-,,961 LBS.1324,9.17,099 LBS. 313,003,112 LBS. 282,563,653 LBS
1UMBER OF PRODUCERS 105,749 1 92,778 103,914 88,985
AVERAGE E DAILY
PURCHASES PER I
PRODUCER 112.83 LBS. 116.74 LBS. 97.17 LBS. 102.43LB;
-ERCENTAGE CHANGES
IN 1937 COMPARED 3.35 5.14
WITH 1936


rtRCENTAGE CHANGE IN APR. I /I COMPARED WITH MAR. IU6Y
PERCENTAGE CHANGE IN APR. 1936 COMPARED WITH MAR. 1936


STEADY TONE TO EVAPORATED MILK MARKETS


Evaporated milk markets continue about
steady this month, and prices are generally un-
changed. The undertone of the market, however,
apparently lacks the full strength of a month
ago, which may be partly a seasonal development.
The month of May is only two-thirds gone, but so
far, the changes in butter prices suggest a
price to producers for milk about in line with
the nrie np nai in AnvI.1


Final tabulations of reports from the
sample group of wholesale grocers show that their
stocks on March 31 were about the saie volume as
ia year previous, confirming the results of a pre-
iliinary tabulation referred to a month ago, and
further indicating that this year's heavier trade
output apparently reflects a heavier movement
!into actual consumption than in 1936.
i


SI The trend of production during the next
Production of evaporated milk is still few months is a matter of conjecture. The heavy
relatively heavy. The April pack was not up to !pack so far this year has been somewhat of a sur-
that of April 1936, although the reduction was prisee to those who had looked for the scarcity
only about a million pounds, or less than 1 per- ;of feed supplies to cut heavily into dairy pro-
cent, and except for 1936, was the largest of 'duction generally. Production trends have varied
record. Estimated production in April was *in different sections of the country, but milk
178,000,000 pounds, and the total for the calen- 'supplies have been relatively plentiful in some
dar year to May 1 was 575,000,000 pounds, an of the condensery areas. There has apparently
increase of 17,000,000 pounds, or 3 percent over been a considerable amount of shifting from one
the corresponding period of 1936. The seasonal product to another by manufacturers the past few
increase during April this year was 19 percent, months, depending upon the prospective returns
compared with an average of about 17 percent. from alternative outlets. In this connection,
it is of interest to note that the number of pro-
Manufacturers' stocks of evaporated milk ducers delivering milk to condenseries, while
on May 1 amounted to 161,208,000 pounds, accord- still considerably greater than a year ago, is
ing to reports received by the Bureau of Agri- inot as much of an increase over 1936 as in pre-
cultural Economics. This is an increase of 9 coding months. In fact, the increases over a
million pounds during April, which is only little year earlier have been less each month since the
more than half the average increase during that first of the year. One indication that some
month, but along with this is the fact that shifting may be taking place is found in the pro-
current stocks are double the average of the auction of manufactured dairy products by sect-
past five years, and are 100,000,000 pounds ions. In Wisconsin, for example, March butter
heavier than a year ago. The May 1 stocks are onsr In was 22 percent greater than in 136bu
not the heaviest ever reported for that date, production was percent greater than in 1936,
however, for in 1931 they reached the peak for I the cheese production s percent l er
the month of 177,000,000 pounds. This years In the Northeastern fluid milk sections, pro-
the month of 177,onds. This year's duction of both butter and cheese has been heavy
stocks do not appear to be unduly burdensome, for some time. Butter production generally has
partly due to the active movement of evaporated bcen lighter since January 1 than during the
milk into apparent consumption this year. Pre-
lcorresponding period of last year, although there
liminary estimates for April indicate a heavier is some feeling that as soon as cows get on full
trade output than in 1936, although not nearly pasture feed, there may be a considerable in-
so heavy a percentage increase as had occurred
in previous months. The increase in April over crease, at least during the flush months.
a year earlier was 20 percent, and for the first I.. .
quarter was 24 percent. UNIV. OF FL LId.


MAY 1937


00OOO SCL9O P9UI
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