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:
AA00013239:00081

Full Text


UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(FEE.RIuARY 1938)
No. 221 WAHINGTrN, D.C. F-RUARY 23, 1938
INFORMATION IN THIS MONTH S REPORT IS FURNISHED FY ALL FIRMS OF RECORD WHICH
MANUFACTURE CASE GOODS 'EVAPORATED MI; L; OR CONDENSED MI L:<, OR BOTH.


PRICES PAID PRODUCERS FOR 3.5% MILK F. 0. B. FACTORY FOR JANUARY 1938
NUMBER OF FACTORIES PRICE PEP CW.'T.
GEOGRAPHIC SECTIONS REtORTING RANGE AVfRACE
NEW ENGLAND $ -
MIDDLE ATLANTIC 6 .60- .97 1.70
SOUTH ATLANTIC 4 1.43-1.95 168
E. NORTH CENTRAL 94 .51-1.73 53
W. NORTH CENTRAL II 39- .56 .47
SOUTH CENTRAL 13 .33-1.49 1.40
NORTHWESTERN I I .30-1 .4 .45
SOUTHWESTERN 20 I.38-1 .2 1.58
U.S. JAN. 1938 149 1 30-1 ,7 1.53
U.S. DEC. 1937 150 1.35-2.31 I.'71
U.S. JAN. 1937 144 1.40-1.78 1.59
I/ REPORTS NOT RECEIVED FROM TEN FACTORIES IN THESE AREAS WHICH BASE PRICES ON
FORMULA IN EVAgORATED MILK MARKET AGREEMENT'. FORMULA PRICE FOR THIS AREA
IN JANUARY $1.58.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
JANUARY 1938 DECEMBER 1937 JANUARY 1937
SECTION I $1.54 $1.73 $1.59
2 1.82 2.02 1.75
3 [.44 .P1 1.51
4 1.49 1 .62 1.58
5 I .44 1 .51 I.57
S 6 1.60 I .72 1.71
U.S. AVERAGE 1 .53 1.71 1 .59

NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBIJTING POINTS JANUARY 1938
(CASE GOODS)
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORT& MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS DISTF'IBUTI G POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F.O.B.


BOSTON
NEW YORK CITY
PHILADELPHIA
CHICAGO
CLEVELAND
ST. Louis
KANSAS CITY
MINNEAPOLIS-ST.PAUL
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
Los ANGELES


EVAAORTED MILK
(PER CASE OF 48 14P ; OZ. CANS)
RANGE 1 AVERAGE


$3.04-3.25
3.04-3.25
3.04-3.25
2.94-3.15
2.94-3.15
2.94-3.15
2.94-3.15
2.94-3.15
2.94-3.15
2.94-3.15
2.94-3.15
2.90-3.15
2.85-3.15
2.89-3.15


$3.13
3.13
3.12
3.04
3.03
3.05
3.05
3.04
3.04
3.05
3.05
3.02
3.01
3.06


RANGE:


4.40-5.00
4.40-5.00
4.4C-5.00




4.40
4.40-5.00


AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS JANUARY 1938
UNSWEETENED EVAPORATED SWEETENED CONDENSED SWECTENED CONDENSEO
(PER CASE OF (PER CASE OF (BULK PER CWT.
48 14- oz. CANS) 48 14 oz. CANS) UNSKIMMED 1 6KIIMMED
NEW ENGLAND $3.13 $4.80 $8.25 $5.17
MID. ATLANTIC 3.08 4.73 8.25 5.04
So. ATLANTIC 3.10 4.73 8.25 5.75
E. N. CENTRAL 3.04 5.25 8.09 4.99
W. N. CENTRAL 3.04 5.25 7.69 5.00
SOUTH CENTRAL 3.05 4.73 8.25 5.75
NORTH WESTERN 3.04 5.39 8.25 5.75
SOUTH WESTERN 3.03 5.39 8.21 5.47
U.S. AVERAGE
JAN. 1938 -$3.06 $4.86 $8.10 $5.19
U.S. AVERAGE
DEC.1937 $3.07 $4.86 $8.29 $5.33
U.S. AVERAGE
JAN.1937 $3.11 $4.86 $'8.49 $5.69


PEAK JANUARY PRODUCTION OF EVAPORATED MILK


The heaviest January pack of record is
indicated in reports received by the Bureau of
Agricultural Economics from manufacturers of
evaporated milk. Total estimated production
for the month was 124,000,000 pounds, compared
with 117,600,000 pounds in Jaruary 1937, an
increase of 5.5 percent. The seasonal increase
in Jamary over the preceding month was 22.3
percent, whereas the average increase in the
corresponding period during the past 5 ycors


was only 13.5 percent. January was the first
month since last July that production exceeded
that of a year earlier. This upward trend is
in line with production changes in the case of
butter. For somo time it has been expected that
production of manufactured dairy products
gencrolly would be he!tvier this winter season
thanL last, with the bulk of the increase
occurring after the turn of the year.


(CONTINUED ON NEXT PAGE)
FEBRUARY 1938.


CONDENSED MILK
(PEi CA,:' OF 48 14 Oz. CANS)


AVERAGE
$4.70
4.65
4.68




4.40
4.53


I-- - -


I I .


RANGE---


I i


) i -r--


-t-


,


,


-~ -


..~...:_.. .^_^







STOCK .-AD PRODUCTION OF J.X'A-C.fRAE A.3D CO'-uGLL ,.,. P.-
TOTAL STOCKS INCLUDE ALL STOCKS HELD aV MANUFACTURERS REPORTING WHETHER THEIR
WN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES, IN STORAGE. OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS; AN-D WHETHER R SOLD OR CCNTR.ACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIG'IRFEl FR T.,E CURkEN1 MONTHH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS :MANUFACTURING THE CLASSL8 CF friLK IN:DI CATED.
EVAPORATF-D MILK CgNUE"SED MI yK CONDENSED 1I LK
(CASE GOCPqD_ CAsE GOOos) (BULK GOODS)


TOTAL STOCKS ON FEB. 1,1938
No. OF FIRMS REPORTING*


COMPARISON FOR SAME FI
FEBRUARY 1, 1938
JANUARY I, 1938
% CHANGE DURING MONT
FIRMS IN COMPARISON
FEBRUARY I, 1938
FEBRUARY I, 1937
% CHANGE FROM PREV.
FIRMS IN COMPARISON*


RMS:


H


YEAR


COMPARISON FOR SAME FIIMS;
JANUARY, 1938
DECEMBER, 1937
% CHANGE DURING MONTH
FIRMS IN COMPARE SON*
JANUARY, 1938
JANUARY, 1937
% CHANGE FROM PREV. YEAR
FIRMS IN CO1PAR4SON*
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON JAN. 1,1938
ESTIMATED PRODUCTION JAN.1938**
ESTIMATED PRODUCTION JAN.1937**


136,767,104 LBS.
39


156,767,604 LaS.
181,65R,749 LBS.
-17.71e
39
156,717,710 LBS.
208,910,321 LB3.
-24.98%
38


122,738,188 LBS.
100,376,067 LOS.
+22 .281
39
122,601,946 LBS.
116,229,519 LBS.
+ 5.48%
38

181,685,749 LBs.
124,099,000 LOS.
117,352,000 Las.


TOTAL STOCKS
4,S35,220 LBS.
6


4,935,223 LBS.
6,L:28,59S LBS.
-20.76
6
4,935,229 LBS.
7,123,994 LBS.
-30.72%
6
PRODUCT ON

3,273,256 LOS.
4,,43,609 LBS.
-10.58%
6
3,973,256 LBS.
4,689,601 LPS.
-15.28%
6

6,228,596 LBS.
3,973,000 LBS.
4,690,000 LOS.


4,204,186 L3s.
30


4,204,186 LBS.
5,002,934 LBS.
-15.97%
30
4,204,186 LBS.
5,666,846 LBS.
-25.81%
30


9,526,695 LBS.
10,372,114 LBS.
8.15
30
9,526,695 LBS.
11,078,632 LBS.
-14.01%
30


5,013,234
11,346,000
13,195,000


LBS.
LBS.
L3S.


* FIRMS, NOT FACTORIES.
** SUBJECT TO REVISION,


SOMF FIRMIo. OPERf.TE.MORE THAN CNE FACTORY.

AVERAGE DAILY PURCH-.^SES PER PRODUCE,*


TOTAL PURCHASES
NUMBER OF PRODUCERS
AVERAGE DAILY
PURCHASES PER
PRODUCER


I J JANr\ARY


S1933
274,014,170 Lar
108,508

RlI 4S L .C


1937
27,.483,619 LDS
103,559

RH F L'es


DECEMBER


S137
2E5,75,,3 1rI L:S
110,158


74 89 LDS


1936
275,782,245 LaB
106,878


83.24 I FL


PERCENTAGE CHANGES
COMPAi E:0 WITH 6.22 10.03
FEVP, V1 fMU"
PERCENTAGE CHANGE IN JAN. 1938 CO 'PA,-ED WITH DEC. 1937 + 8.77
PERCENTAGE CHANGE IN JPN. 1337 COMPARED WITH DEC. 1936 + 4.35

EXPORTS OF EVAPORATED AND CONDENSED MILK, 1937
(PouFos) _
DESTINATION EVAPORATED CONDENSED MONTH EVAFORATED CONDENSED
UNITED KINGDOM 816,1I2 JAN. 1,.886,244. 473,788
ANAMA 3,303,219 199,248 FE. 2,010,042 261,246
4EXICO 1,278,071 7,757 MAR. 1,967,560 226,388
NEWFOUNDLAND & LADRADOR 544,217 290 ApR. 2,018,939 123,974
NETHERLAND W. INDIES 221,230 40,257 MAY I 946,192 457,303
tOLIVIA 199,168 17 994 JUNE 1,595,059 1,331,423
,OLUMBIAA 163,342 57,174 JULY 1,818,544 700,622
"ENEZUELA 236,175 367,857 AuG. 2, 25,748 740,901
"HILIPPINE ISLANDS 11,308,949 1,698,863 SEPT. I 538,643 1,2?0 720
2.AM 1,411,358 OCT. I 873,505 1,142,002
UNION OF So, AFRICA 15 4,806,382 Nov. 1,917,881 136,501
ALL OTHER COUNTRIES 3,382,496 776,602 DEC. 2,037,025 1,457,556
TOTAL 1937 22,874,432 7,972,424 ____ 22,874,432 7,972,424
P-n ,....- --


UVIAL I 5b1


23. 560.959


. 37n. 032


23- 560 95 2 370 032
(CONTINUED PROM FIRST PAGE)


23. 50fin n


P. 370.032


Manufacturers' stocks of evaporated
milk on February 1, as reported to the Bureau,
amounted to 156,768,000 pounds, representing a
reduction of approximately 25 million pounds
during the month of January. On February 1
last year, manufacturers reported stocks at
208,911,000 pounds. One change noted is that
on February 1, there was a reduction under the
same date last year of 52 million pounds,
whereas on January 1 the reduction under a year
earlier was 77 million pounds. While it is true
that the net change. between January 1 and
February 1 this year was only 25 million
pounds, as previously noted, compared with a


January not reduction of 50 million pounds in
1937, it should be :roted that manufacturers'
inventories ure relatively much smaller this
year, and that trade output has been heavier.
Furthcrnmor, wholesale grocers stocks according
to the last.quarterly survey as of December 31,
were slightly loss than a year earlier.

Wholesale selling prices of evaporated
milk in January averaged $3.06 per case,
ii~dicating no change from December. In late
January prices were reduced on most brands by
an average of 20 per case.


FEB-JARY 1938


I lilllll tlllll9 lll lllllll
.IJIIIiIIIII III 110 1111 1111 IIH 11111 11111 IIII111111 111111 1II


__


t i










UNITED STATES DEPARTMENT CF AGRI CULTURE
BUREAU OF AGRICULTURAL ECONOMICS


MARCH 4, 1938.


C O R R E C T I O N


UNV. OF FL L




U.S. DEpOJIf^-


MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(FEBRUARY 1938)

WASHINGTON. D. C. FE


No. 221


BRUARY 23, 1938


In the Monthly Evaporated and Condensed

Milk Market Report issued February 23, reference

was made to January changes in wholesale selling

prices. The statement in last sentence on page

2 applied to certain brands in the Pacific Coast

and Mountain States territory only.