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Monthly evaporated and condensed milk market report
ALL VOLUMES CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/AA00013239/00082
 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: AA00013239:00082

Full Text

UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(MARCH 1938)


WASHINGTON. D.C-.


MARCH 22, 1938


INFORMATION IN THIS MONTHS 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 FEBRUARY 1938


GEOGRAPHIC SECTIONS


NUMbER OF FACTORIES
REPnPRT lG t


PRICE PER CWT.
RANGE AVERAGE


NEW ENGLAND $ -
i:IDDLE ATLANTIC 6 1.48-1.83 1.69
SOUTH ATLANTIC 4 1.36-1.80 1.54
E. NORTH CENTRAL 83 1.40-1.51 1.41
W. NORTH CENTRAL II 1.29-1.48 1.37
SOUTH CENTRAL 13 1.23-1.37 1.30
NORTHWESTERN 11 1.21-1I47 .37
SOUTHWESTERN 21 1.27-1.55 1.48
U.S. FEB. 1938 149 1 ..4-, .83 1.42
U.S. JAN. 1938 149 1.1 -1.97 1. .53


U.S. FEB. 1937


S.40- .84


I .55


I REPOI-TS NOT RECEIVED FR"M TEN FACTORIES IN THESE AREAS WHICH BASE PRICES ON
FORMULA. IN EVAPORATED I LK MARKET AGREEMENT. FORMULA PRICE FOR THIS AREA
I N FEBRUARY $1 .46.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
FEBRUARY 1938 JANUARY 1937 FEBRUARY 1937
SECTION I $1.42 $1.54 $1.58
2 1.71 1.82 1.69
3 1.33 1.44 1.50
4 1.39 1.49 1.59
5 1.35 .44 1.53
6 1.51 1.60 1.69
U.S. AVERAGE i 1.42 1I.53 I.58

NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS FEBRUARY 193F
(CASE GOODS)
THE WHOLESr.LE PRICES GIVEN BELOW ARE DASED ON THE REPORTS MADE BY MANUFACTURER
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERSI DISTRIBUTING POINTS ON BASIS OF
CASH OR SHOiT TI'V:; CREDIT.


EvAr',o;A-
(PER CASE OF 48
RANGE


TED MILK
- 14. ;oz. C.Ns)
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 3.13 .r.40-5.00 4.64
PHILADELPHIA 3.04-3.25 3.12 4.40-5.00 4.69
CHICAGO 2.94-3.15 3.04-
CLEVELAND 2.94-3.15 3.03
ST. Lnuis 2.94-3.15 3.05
KANSAS CITY 2.4-3. 15 3.05
MINNEAPOL S-ST .PAUL 2.94-3.15 3.04
NEW ORLEAr'S 2.94-3.15 3.05 4.40-5.00 4.54
DENVE, 2.94-3.15 3.04
SEATTLE 2.94-3.15 2.98
SAN FRANCISCO 2.79-3.15 2.91
Los ANGELE-S 2.7-3I 4,40 440
ATLANTA 2.694-3 4740 4.40
AVE GE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS FEBRUARY 1938
UNSWEETENED EVAPORATEDD SWE TENED CONDENSED SWEETENED CONDENSED
(PER CASE OF (PER CASE OF (PULK PER CWT.)
48 14- oz. CANS) 48 14 oz. CANS) UNSKIMMED SKIMMED
NEW ENGLAND $3.13 $4.80 $8.25 $5.08
MID. ATLANTIC 3.03 4.73 8.25 5.04
So. ATLANTIC 3.10 4.73 8.25 5.75
E. N. CENTRAL 3.04 5.25 7.85 4.90
W. N. CENTRAL 3.06 5.25 7.69 4.88
SOUTH CENTRAL 3.05 4.73 8.25 5.75
NORTH WESTERN 3.03 5.39 8.25 5.75
SOUTH WESTERN 2.97 5.39 8.14 5.40
U.S. AVERAGE
FE3.1938 $3.06 $4.80 $8.01 $5.13
U.S. AVERAGE
JAN.1938 $3.06 $4.86 $8.10 $5.19
U.S. AVERAGE
FEB.1937 $2.99 $4.89 $8.40 $5.66

RECORD PRODUCTION OF EVAPORATED MILK IN JANUARY AND FEBRUARY

Production of evaporated milk in February was the largest of record for that month,
according to reports received from manufacturers yy -Mae reee of Agricultural Economics.* The
estimated pack of 127,627,000 pounds was an increase of 2.8 percent over th-t of February 1937,
when the previous high record for the month had occurred. Average February production during
the past five years was only 113,30C,000 po~uds. It is significant to note that 1938 has
started off with new high monthly records of production having been established in both January
and February. The combined pack during the two months, amounting to 251,726,000 pounds,
represents a 4 percent increase over the first two months of 1937, the increase in terms of
volume being 10 million pounds. It is of further intur.st to note that while February was a
short month, production was 2.7 greater than in Jonuary, compared with an average change in the

(CONTINUED ON NEXT PAGE)
MARCH 1938


No. 222


F.O.B.


I


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-- --


-- -'-'








STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSEb-MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
9WN OR STOCKS OF OTHERS; WHETHER ON THEIR OWN PREMISES, IN STORAGE, OR IN TRANSIT
UNSOLD) FOR WAREHOUSE CONSIGNMENTS; AND WHETHER SOLD OR CONTRACTED FOR AND NOT
DELIVERED.
STOCKS AND PRODUCTION FIGURES FOR TrE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.
Ev PORATED MILK CONDENSED MIvK CONDENSED MI.K
"______~"___ (_CASE Gooos) (CASE GOODS) BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON MARCH I, 1938 132,60S,413 LES. 4,574,124 LBS. 4,012,832 LBS.
No. OF FIRMS REPORTING* 39 6 27
CoMrAI"-ON FOR SAME FIRMS
MAcCH I, 1938 132,660,413 LeS. 4,574,124 LBS. 4,012,832 LBS.
FrF ;.-RY I, 1938 156,893,943 LBS. 4,935,229 LBS. 4,149,263 LBS,
SCHANGE DURING MONTH -15,45 7.32% 3.29%
FIRMS IN COMPARISON 39 .6 27
MARCH I, 1938 132,627,753 LBS. 4,574,124 LBS. 4,012,832 LBS,
MARCH I, 1937 176,912,495 LBS, 4,958,337 LBS. 5,298,742 LBS.
b CHANGE FROM PREV. YEAR -25.03% 7.75% -24.27%
FIRMS IN COMPARISON* 38 6 27
PRODUCTION
COMPARISON FOR SAME FIRMS:
FEBRUARY, 1938 126,339,394 LBS. 3,546,800 LBS. 8,877,719 LBS.
JANUARY, 1938 123,043,836 LBS. 3,973,256 LBS. 9,328,818 LBS.
% CHANGE DURING MONTH + 2.68% -10.73% 4.84%
FIRMS IN COMPARISON* 38 6 30
FEBRUARY, 1938 126,192,938 LBS. 3,546,800 LBS. 8,870,783 LBS.
FEBRUARY, 1937 122,734,098 LBS. 3,952,737 LBS. 9,323,817 LBS.
% CHANGE-FROM PREV. YEAR + 2.82% -10.27% 4.86%
FIRMS IN COMPARISON* 37 6 29

.FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON FEB. I, 1938 156,893,943 LBS. 4,935,229 LBS. 4,229,013 LBS.
ESTIMATED PRODUCTION FEB. 1938** 127,627,000 Los. 3,547,000 LOS. 11,230,000 LOS,
ESTIMATED PRODUCTION FED. 1937** 124,127,000 LOS. 3,953,000 LOS. 11,804,000 LOS.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISION.
AVERAGE DAILY PURCHASES PER PRODUCER*

FEBRUARY JANUARY
1938 1937 1938 1937
TOTAL PURCHASES 276,208,599 LoS 272,659,273 LOS 274,014,170 LOS 278,848,619 LOS
NUM;.ER OF PRODUCERS 108,846 101,961 108,508 103,559
AVERs E DAILY
PURCHASES PER
PRODUCER 90.63 LOS 95.51 LOs 81.46 LOS 86.86 LDS
PERCENTAGE CHANGES
IN 1938 COMPARED -5.11 6.22
WITH 1937


IN FED. 1938 COMPARED WITH JAN. 1938 -
IN FEC. 1937 COMPARED WITH JAN. 1937 -
(CONTINUED FROM FIRST PAGE)


other direction of approximately 1 percent during the p,.st five years.

:Maufacturers' stocks of evapore.ted milk on March 1 amounted to 132,660,000 pounds.
While this figure is some 44 million pounds less than the stocks reported for the corresponding
date in 1937, it is about 40 million pounds above the 1933-37 average for March 1. In two of
the past five years, however, March 1 stocks were unusually low, being only 29 million pounds on
March 1, 1935, and 45 million pounds a year later. Current year stocks were reduced only 24
million pounds during February, compared .with a February reduction of 32 million pounds in 1937.
The Janu:ary reduction was also light compared with a year earlier. These lighter reductions
this year are accounted for in part by the heavier pack since January 1, and reduced trade output
The amount of evaporated milk which cleared through manufacturers' hands during February was
approximr-tely 5 million pounds less than a year earlier, trade output for the month totaling only
149 million pounds. For the first two months of the year, trade output was approximately 24
million pounds, or 7.5 percent less than the corresponding period of 1937.
Wholesale selling prices of evapor-.ted milk averaged the same in Febiriary as the previous
month. Prices were reduced slightly during the month on certain brands in the Pacific Coast and
Mountain States territory, but this change was not general. March opened with the tone of the
market .iorc or less unsettled, and t:is finally lead to a general reduction of 10 per case
about March 19. Relatively heavy supplies -ran continued difficulty in moving goods at prevailing

prices were conditions which contributed to the unsettled feeling. FL
UNIV. OF. FL LH.
iCUMENT8 DEPOT
MARCH 1938
C116 EiL8 Z9Z.l CO
J9H111311 IM9IIIII lHUMM0IIIMU HillY. Cr


PAGE 2


PERCENTAGE CHANGE
PERCENTAGE CHANGE


+ 11.26
+ 9.96