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:
AA00013239:00080

Full Text

UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JANUARY T938)
No. 220 WASHINGTON, D.O. JANUARY 22, 1938
INFORMATION IN THIS MONTH'S REPORT IS FURNISHED BV ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS EVAPORATED MILK OR CONDENSED MILK, OR BOTH.


PRICES PAID PRODUCERS F K


rn P_ FAC.T('IP rnR nFlRMR FR 1R37


NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS
REPORTING RANGE AVERAGE
NEW ENGLAND $ $
MIDDLE ATLANTIC 6 80-2.31 2.01
SOUTH ATLANTIC 4 1.62-2.10 1.81
E. NORTH CENTRAL 85 1.63-1.96 1.73
W. NORTH CENTRAL II 1.58-175 1.66
SOUTH CENTRAL 13 1.47-1.63 1.58
NORTHWESTERN II 1,35-1 65 1.53
SOUTHWESTERN 20 1.51-1.87 1.70
U.S. DEC. 1937 150 1,35-2,31 1.71
U.S. NOV. 1937 150 1.35-2.29 1.71
U.S. DEC. 1936 153 1.40-2.05 1.62
I/ REPORTS NOT RECEIVED FROM TEN FACTORIES IN THESE AREAS WHICH BASE PRICES ON
FORMULA IN EyAPOl -TED MILK MARKETING AGREEMENT. FORMULA PRICE FOR THIS AREA
IN NOVEMBER 1.79.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
DECEMBER 1937 NOVEMBER 1937 DECEMBER 1936
SECTION .73 $174 162
S 2 2.02 .96 1.76
3 I.CI 164 1.53
4 1.2 1.63 1.58
5 1.51 1.51 1.61
6 1.72 | 1.71 1.71
U.S. AVERAGE 1.71 1 1.71 1.62
NET WHOLESALE SELLING PRICES IN CARLOTS- F.O.B. DISTRIBUTING POINTS DECEMBER 1937
(CASE GOODS)
THE WHOLESALE PRICES GIVVN BELOW ARE BE-SED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED .T Mi.NUFACTUJIFRS' DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT T!ME CREDIT.


F.O.B.


EVAPORATED M LK
(PER.CASE OF 48 14, oz. CANS)


RANGE


AVERAGE


CONDENSED MILK
(PER CASE OF 48 14 OZ. CANS)


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 4.68
CHICAGO 2.94-315 3.04
CLEVELAND 2.94-3.15 3.03
ST. Louis 2.94-3.15 3;05
KANSAS CITY 2.94-3.15 3.05
MINNEAPOLIs-ST.PAUL 2;94-3.15 3.05
ATLANTA 2.94-3.15 3.04 4.40 4.40
NEW ORLEANS 2.94-3. 5 3.05 4.40-4.63 4.52
DENVER 2.94-3.15 3.05
SEATTLE 2.78-3. 5 2.97
SAN FRANCI;CO 2.80-3.15 2.98
Los ANGEL;:U 1 2.80-3.15 2.99 -
AVERAGE '-IGLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS DECEMBER 1937
UNSWE TENED EVAPORATED SWEETENED CONDENSED SWEETENED CONDENSED
I PER CASE OF (PER CASE OF BULK PER CWT.)
48 142 oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.13 $4;80 $8.50 $5.33
MID. ATLANTIC 3.09 4.73 8.50 5.04
SOUTH ATLANTIC 3.11 4.73 8.50 5.75
E. N. CENTRAL 3.04 5.25 8.20 5.13
W. N. CENTRAL 3.04 '5.25 7.93 5.15
SOUTH CENTRAL 3.05 4.73 8.50 6.00
NORTH WESTERN 3.06 5.39 8.50 6.00
SOUTH WESTERN 3.04 5.39 8.36 5.65
U.S. AVERAGE
DEC.1937 $3.07 $4.86 $8.29 $5.33
U.S. AVERAGE
Nov.1937 $3.07 $4.86 _$8.31 $5.41
U.S. AVERAGE
DEC.133 ____ $3.12 $4.8 $8.51 $5.70


F\IADn3Trnzm hAI I PRGO Ilr.TITR


N I 1 937 BELOW THAT OF |936


Summarized reports from manufacturers who
furnish information monthly to the Bureau of
Agricultural Economics,indicate that the pack
of evaporated milk in December represented a
heavier-than-usual increase over November, the
increase being 11.0 percent, compared with an
average increase of but 2.6 percent during the
corresponding periods of the previous five
years. Refcardless of this heavy seasonal
increase, however, December production was 11
percent below that of a ye:r earlier, although
it is to be noted that ii December 1936, the
heaviest pack of record for that month occurred.


Manufacturers' reports point to a total
production last month (December) of 101,304,000
pounds, which makes a total for the calendar
year 1937 of 1,857,531,000 pounds. While this
is a decrease of 186,000,000 pounds, or 9.1
percent undcr 1936, nevertheless the 1937
production exceeded that of all previous years
except 1936. Daring the first half of 1937,
production of evaporated milk just about
eq'ualled that of the corresponding period of
1936, but beginning in August, there were very
substantial reductions each month under a year
ea-rlier.


(CONTINUED ON NEXT PAGE)
JANUARY 1938


rv-\ rr-) ifr hli,. I IV -rl1rT O I 1937. BEL W T F 93







STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD 3Y MANUFACTURTHS REPORTING' WHETHER THEIR
OWN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
(UNSOLD) FOR WAREHOUSE CO.SIGNMENT2; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK CONDENSED MILK CONDENSED MILK
CASE GOODS) (CASE GOODS) (BULK GOODS
TOTAL STOCKS
TOTAL STOCV3S CN JAN.I, 1938 181,685,749 LBS. 6,223,596 LBS. 4,923,858 LBS.
No. OF FIRMS REPORTING* 39 6 29
COMPARISON FOR SAME FIRMS:
JANUARY I, 1938 181,385,749 LBS. 6,228,596 LBS. 4,923,858 LBS.
DECEMBER I, 1337 218,372,054 LBS. 7,153,022 LBS. 5,001,673 LBS.
o CHANGE DURING MONTH -16.80P -12.92$ -- 1.56%
FIRMS IN COMPARISON 39 6 29
JANUARY 1, 1938 181 ,622,318 LBS,. 6,228,596 LBS. 4,923,858 LBS.
JANUARY I, 1937 253,903,304 LBS. 9,071,333 LBS. 5,599,925 Las.
;o CHANI3E FRCO:i PREV. YEiAR -29.85e -31 .34- -12.07%
FIRMS IN Cor.PAH ISON* 38 6 29
PRODUCTION
COMPARE SON FOR GAME FI;.MS:
DECEMDER 1937 100,376,067 LBS. 4,443,609 LBS. 10,288,034 LBS.
NOVEMBER, 1-37 90,358,665 L3S. 3,461,187 LoS. 8,301,276 LBS.
$ CHANGE. DFURI-G MONTH +11.09% +28.38% +23.930
FIRMS IN COM-ARISON* 38 6 29
DECEMBER, 1937 I00,,33,'513 LeS. 4,443,609 Los. 10,288,034 LBS.
DECEMBER, 1936 I 12,940,624 LaS. 3,733,885 LBS. 9,346,128 LOS.
n CHANGE FROM PR'EV. YEAR -11. I4 +18.91, + 6.65%
FIRMS IN COMPARISON* 37 6 29
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON DEC. I, 1937 21;,372,054 LOS. 7,153,022 LOS. 5,074,344 LBS.
ESTIMATED PRODUCTION DEc.1937** 101,304,000 LoJS. 4,444,000 LnS. 14,066,000 LOS.
FINAL PRODUCTION DECEML:ER 1"35 114,004,u000 L:S. 3,736,000 LOS. 13,189,000 LOS.
* FIRMS, NOT FACTORIES. SOME F I R.MS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO RLVISION.

AVERAGE DAILY PURCHASES PER PRODUCER*

CEC E:'ER ~V EVEM RBER
1937 1936 I 7 1936
TOTAL PURCnACES 255,752,341 LOs 275,782,245 LOS 237,015,272 L-s 274,353,660 LOS
rIUMr.ER OF PRODIUCERS 110, 159 103,878 1 1 1 65 109, 193
AVERAGE DAILY
PURCHASES PER
PRODUCER 74.89 L7S 83.24 LOS 70.63 LCS 83.75 Los
PERCENTAGE CHANCES
IN 1937 COMPARED -10.03 -15.67-
WITH I : __3


PERCENTAGE CHANGE IN CEC. 137 COi.PARSED WITH NOV. 1337
PERCENTAGE CHANGE IN DEC. I533 COMPARED WITH NOV. 1936
(CONTINUED FROM FIRST PAGE)


- +6.03
- -0.61


Stocks of evaporated milk in manjufactur-
ers' hands on Janua.ry 1 were 30.0 percent less
than on Jarauzry 1, 1937, and 17.0 percent below
thost of December 1. Total stocks on hald r:s
the New Year opened wore 181,636,000 pounds,
compared with 258,904,000 pounds on January 1
last year, and 1933-37 average for the same
date of 159,822,000 pounds. Over a period of
years, January 1 stocks have varied consider-
ably, the above mentioned stocks of last year
being the highest of record for th,.t date, and
the 71,355,000 pounds reported for January 1,
1927 bcin3 the lowest. It might be mentioned
that two -years ago, on January 1, 1936 stocks
were close to a low record, having been only
73,000,000 pounds. The December 1937 reduction
of 36- million pounds compares favorably with
the average December reduction of 28 million
pounds during the past five years.

With the r--ate of production on a lower
level, and current stocks not burdensome,
the market has been full steady. Some trade


co..-=ents suggest that buying activity has
slackened, although a prclininary estimate for
December shows th-.t tr .do output that month was
greater than in Novembcr, and also greater than
in December, 1936. The indications are that
for the year, trade output exceeded that of
1936 by some 75 to 80 million pounds, which
woull represent an increase in 1937 of approxi-
r:ately 4.0 percent. Such increase as occurred
in trade output in 1937 apparently went into
consumption, for a preliminary tabulation front
the survey of wholesalee grocers' stocks on
December 31 indicates th .t this class of
distributors had less milk on hand at the close
of 1937 than at the close of 1936.

No general change of selling prices has
occurred, and they continue at the sane level
which has prevailed since August 1. These
prices average about 5 cents per case below a
year ago.



UNIV. OF FL LIt.


DOCU.. DNT DEPTO

U.S. DIPOCTOIRY I


JANUARY 1938


9968 tL0O Zi9ZI C
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