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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/AA00013239/00083
 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: AA00013239:00083

Full Text
UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS

MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(A- IiL, 1938)

No. 12^3 V-ASH I NTONI___.__- APR IL2 ',93^

INFORMATION IN T!!IS MONTH'S REPORT IS FURNISHED BY ALL FIRMS OF RECORD
WHICH MANUFACTURE CASE GOODS EVAPORg.TEC MILK OR CONDENSED MIL., OR BOTH.

PRICES PAID PRODUCERS FOR 3.5o :LiL F. 0. B. FACTORY FOR MARCw 1938
SNUMBER OF FACTORIES __ PRICE : PER CWT._,
GEOGRAPHIC SECTIONS REPORTING RANGE AVERAGE
REPORTING RANGE AVERAGE
NEW ENGLAND -
MIDDLE ATLANTI'C 6 1 .43-1. 9 55
SOUTH ATLANTIC 4 .30-1.70 1.47
E.NORTH CENTRAL 83 1.35-1.53 .37
W.NORTH CENTRAL 11 1.24-.46 1.31
SOUTH CENTRAL 13 1.23-1 9
NORTHWESTERN -
SOUTHWESTERN 20 1.17-1.4_ 140
U.S. MAR. 1938 148 1.14-1.70 1.36
U.S. FEB. 1938 149 I1.2 1-1. 83 1.42
U.S. MAR. 1937_ 148 I 1.47-1.84 1.63
I/ REPORTS NOT RECEIVED FROM TEN FACT I IES IN THESE .-.-.:-AS WHICH BASE PRICES ON
FORMULA IN EVAPOR;.TED MILK MARKET AGREEMENT. FORMULA PRICE FOR THIS AREA
IN MARCH $1.43.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORAT-
cn MI I L MARVFT I M ARcMF-'MT.


SECT I ON I
1" 2
3
4
5
6
U. S. AVERAGE


b'AIC, 1P33

$1.37
1.57
1.28
1.30
1.27
1.44
I S3


FEBR'JARY I937 MARCH 1937

$1-42 $1.62
1.71 1.71
.33 1.53
.39 1.69
1.3 1.68
1_.51 1.80
S. 4- 1.63


NET WHOLESALE SELLING PR ICES IN CARLCTS -_ F.C. B. DISTI BUT I NG POINTS MARCH 1938
UT.sG G6ODGS
THE WHOLESALE PRICES GIVEN 'El. I..OW ., : 3j,;OED ON THE REPORTS M/aOE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT rMi,'.NUF~CT:JR!:rS DISTRIBUTING POINTS ON BASIS OF
CASH OR SHORT TIME CREDIT.


F.O.B.


BOSTON
NEW YORK CITY
PHIL/DELPH I A
CHI CAGO
CLEVELAND
ST. Louis
KANSAS CITY
MINNEAPOLIG-ST.
ATLANTA
NEW ORLEANS
DENVER
SEATTLE
SAN FRANCISCO
Los ANGELES


PA
I


EVAPORATED ,lI K
(PER CASE OF 48 14 7. CANS;
RANGE AVERAGE
$2.94-3.25 $3.06
2.94-3.25 3.07
2.79-3.19 3.04
2.84-3.15 2.97
2.6 -3.15 2.97
2.84-3. 5 2.98
JL 2.84-3.15 2.97
2.84-3.15 2.97
2. 8 "


L. d4-3. 1
2.84-3.15
2.84-3.15
2.74-3.05
2.74-3.05


,-f .i*


CONDENSED MILK
(PER CASE or 48 14 oz. CANS)


RANGE AVERAGE
$4.40-5.00 $4;.70
4.40-5.00 4.5
4.40-5.00 4.65




4.40 4.40
4.40-5.00 4.53


I -


AVERAGE


NEW ENGLAND
MID.ATLANTIC
So.ATLANT IC
E.N.CENTRAL
W.N.CENTRAL
SOUTH CENTRAL
NORTH WESTERN
SOUTH WESTERN
U.S. AVERAGE
MAR. 1938
U. AVERAGE
FEB. 1938
U.S. AVERAGE
MAR. 1937


WHOLESALE SELLING PRICES BY GEGRA~' 1 SECTIoNS 'ARCH 1938
UNSWEETENED EVAPORATED SWEET N:D CO. JO SE) .3 'E WETENED CONDENSED
(PER CASE OF (PE- CAL-E 'F '_ LK PCR CWT.
48 I t OZ. CANS) 4 14 7O. CANS) UNSKIMMED SKIMMED
$3.05 $4. 0 $3.00 $4.91
3.03 4.73 8.90 4.79
3.03 4.73 3.00 4.92
2.95 5.25 7.61 4.63
2.27 5.25 7.55 4.84
2. 7 4.73 8.00 5.50
2., 7 5.33 8.00 5.50
90 5-.3 7.97 5.23

'.-39 i $4.88 $7.77 $4.38

$3.06 $4.86 $3._? $5.13

$2.96 $ $4.89 s $8.0 $S.42


PRODUCTION OF EVAPORATED MILK CONTINUED HEAVY


UNUSUALLY HEAVY PRODUCTION WAS A
FEATURE OF EVAPORATED MILK MARKETS IN
MARCH. SUMMARIES OF REPORTS SENT BY
MANUFACTURERS TO THE BUREAU OF AGRICULTUR-
AL ECONOMICS REVEAL THAT MARCH PRODUCTION
WAS APPROXIMATELY 172 MILLION POUNDS, A
NEW HICH RECORD FOR THE MONTH AND AN IN-
CREASE OF 16 MILLION POUNDS, OR 10.4 PER-
CENT OVER THE PREVIOUS MARCH RECORD WHICH


WAS ESTABLISHED ONLY LAST YEAR. THERE
HAS SEEN A GRADUAL INCREASE IN THE
MARCH PACK OF EVAPORATED MILK EACH
SUCCEEDING SEASCN CVER A LONG PERIOD OF
YEARS, EXCEPT IN 1934, WHEN EVAPORATED
MILK PRODUCTION SHARED IN THE REDUCTION
COMMON TO OTHER MANUFACTURED DAIRY
PRODUCTS DUE TO THE PREVIOUS YEARS
DROUGHT, WHICH CAUSED SHORT FEED


(CONTINUED ON NEXT PAGE)


MARCH 1938


En MILK MARKETING AGREEMENT


L -


i


T


~---- --~-~ -~--


-- ---








STOCKS AND PRODUCTION OF EVAPORATED AND CONDENSED MILK


TOTAL STOCKS INCLUDE ALL STOCKS HELD BY MANUFACTURERS REPORTING WHETHER THEIR
WN 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
DELIVEREDa
STOCKS AND PRODUCTION FIGURES FOR THE CURRENT MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTURING THE CLASSES OF MILK INDICATED.


EVAPORATED MILK
(CASE GOODS)


TOTAL STOCKS ON APRIL I, 1938
NO. OF FIRMS REPORTING*


COMPARISON
APRIL I,
MARCH I,
6 CHANGE
FIRMS IN
AP IL I ,
APRIL I.,
6 CHANGE
FIRMS IN


FOR SAME FIRMS:
1938
1938
DURING MONTH
COMPAR ISON
1 38
1237
FROM PREV. YEAR
COMPARE SON*


COMPARISON FOR SAME FIRMS:
MARCH 1938
FEBRUARY, 1338
CHANGE DURING MONTH
IRMS IN COMPARISON*
MARCH, 1938
MARCH, 1937
CHANGE FROM PREV.YEAR
FtRMS IN COMPARISON*


123,801,294 LBS.
38

123,801,294 Les.
132,633,113 L s.
-- 6.63 %
38
123,734,304 Les.
152,346,642 LeS.
18.78 %
37


163,507,879
126,339 394
+31.79
37
16E,322,435
150,637,399
410.41
36


LBS.

Las.
Les.
Les.
p


CO N)ENSGED MI LK
(CASE Gooos)


TOTAL STuCKS
4,826,738 LBs.
6

4,326,738 LBS.
4,574,124 L s.
S5.52 c
6
4,826,738 Les.
4,202 616 Les.
414.85 5
6
PRODUCT I ON

4,216,716 LBs.
3,546 800 Les.
4-18.89 %

4,216,716 Los.
3,704,612,L s.
+13.82
6


CONDENSED MILK
\BULK GOODS)


5,271,608 LBS.
28

5,121 500 Les.
4,007 040 Lsp.
27.81 %
.27
5,118,569 Les.
5,280.694 Lgs.
3.07 p
26



11,570,642 Les.
8,874 744 LBs.
+30.38 %
27
11,547,970 Los.
9,984,955 Lop.
+1,5.65 p
26


FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON MAR. I, 1938 .132,663,113 Los. 4,574,124 Les. 4,036,762 LoS.
ESTIMATED PRODUCTION MARi. 1938**171,8114,000 Lbs 4 2.s. 14,376,000 Los.
ESTIMATED PRODUCTION MAR. 1937**155,612,000 LBs. 3,723,000 Los. 12,431,000 Los.
FIRMS, NOT FACTORIES. SOME FIRMS OPERATE' MORE THAN ONE FACTORY.
** SUBJECT TO REVISION.

AVERAGE DAILY PURCHASES PER PRODUCER*


IOTAL PURCHASES
NUMBER OF PRODUCERS
AVERAGE DAILY
PURCHASES PER
PRODUCER


PERCE T TE CHANGES
IN I/b-CeMPARED
WITH 1937


PERCENTAGE CHANGE IN
PERCENTAGE CHANGE IN


M_____ ARCHA
1933 1-37
.5,3c;,3.6bb L:fst-l 97.,.62
1 14,411 i 103 15

23.98 Lest 97.62


- 7 77


MAR. 1938 COMPARED WITH FED. 1938 -
MAR. 1937 COMPARED WITH FED. 1937 -


1938


FEBRUARY


1937


L3s. + b, 'U,bb9 L3s 4 (e ,bb9, c(. LOS.
108, 46 101,961

Lo s. 90.63 Lss. 95.51 Los.


- 5.11 I
4 3.70
+ 2.21


(CONTINUED FROM FIRST PAGE)


SUPPLIES AND RELATIVELY HIGH FEED COSTS.
MARCH PRODUCTION THIS YEAR (1338) WAS
APPROXIMATELY 20 PERCENT GREATER THAN
THE AVERAGE OF THE PREVIOUS 5 YEARS,
WAS 50 PERCENT GREATER THAN IN MARCH 10
YEARS AGO, AND JLSST ABOUT DOUBLE THAT OF
15 YEARS AGO. DURING THE FIRST QUARTER
OF 1938, PRODUCTION IS ESTIMATED AT 423
MILLION POUNDS, AN INCREASE OF 26 MILLION
POUNDS, OR 6.6 PERCENT OVER THE CORRESPOND
ING THREE MONTHS OF 1937. IT IS OF INTER-
EST TO NOTE THE SEASONAL INCREASE THIS
YEAR, MAACH EXCEEDING FEBRUARY BY A 32
PERCENT GAIN, COMPARED WITH AN AVERAGE IN-
CREASE THE PAST 5 YEARS OF 28 PERCENT.
TRADE OUTPUT STATISTICS INDICATE
THAT THERE WAS A FAIRLY ACTIVE MOVEMENT OF
EVAPORATED MILK INTO APPARENT CONSUMPTION
DURING MARCH, OUT ON ACCOUNT OF THE PRO-
DUCTION SITUATION JUST REFERRED TO, STOCKS
IN MANUFACTURERS' HANDS ON APRIL I WERE
RELATIVELY HEAVY. THESE ARE REPORTED AT
123,801,000 POUNDS, COMPARED WITH
152,575,000 POUNDS A YEAR EARLIER. THIS
COMPARISON ALONE SUGGESTS A FIRMER SITUA-
TION THAN ACTUALLY EXISTED, FOR IT MUST DE
NOTED THAT LAST YEAR'S APRIL I STOCKS WERE
THE HEAVIEST EVER REPORTED FOR THAT DATE,
EXCEPT IN 1920. THE APRIL I AVERAGE OF
THE PAST 5 YEARS WAS ONLY 76,983,000 POUND,
WHICH AMOUNT IS SOME 47 MILLION POUNDS LESS
THAN THE CURRENT YEAR'S STOCKS. WITH THE
EXCEPTION OF LAST YEAR, MANUFACTURERS'
STOCKS ON APRIL I WERE THE HEAVIEST FOR
THAT DATE SINCE 1931. THE REDUCTION OF
MANUFACTURERS' INVENTORIES DURING MARCH
THIS YEAR WAS ONLY 8,800,000 POUNDS. LAST
YEAR THE REDUCTION WAS 24,400,000 POUNDS,


MARCH


WHILE THE AVERAGE MARCH R EDUCTI ON DURING
THE PAST 5 YEARS WAS 16,000 000 POUNDS.
I WHILE THIS YEAR'S REDUCTION OF STOCKS
WAS CONSIDERABLY LESS THAN THAT OF. MARCH
1937, MORE OF CURRENT PRODUCTION MOVED
INTO APPARENT CONSUMPTION WITH THE RESULT
THAT MARCH TRADE OUTPUT WAS APPROXIMATE-
LY THE SAME -OTH YEARS. THE MARCH MOVE-
MENT EXCEEDEOTHE 11933-37 AVERAGE FOR THE
"MONTH DY MORE THAN 10 PERCENT. A PRE-
LIMINARY SUMMARY OF STOCKS OF EVAPORATED
MILK IN WHOLESALE GROCERS' HANDS ON MARCH
31, SHOW-, IAT THIS CLASS OF DISTRIBUTORS
AS A GROUP ARRIVINGG AMOUNTS ABOUT 2 PER-
CENT LESS THAN A YEAR EARLIER.
THE FEELING WITH RESPECT TO THE
EVAPORATED MILK THE PAST MONTH HAS DEEN
SOMEWHAT UNSETTLED, EVEN AFTER THE 10
CENT PER CASE REDUCTION OF WHOLESALE SELL-
ING PRICES IN MARCH, THE MARKET LACKED
SNAP. REPORTS ON MILK PRODUCTION POINTED
TO INCREASED SUPPLIES OF MANUFACTURED
DAIRY PRODUCTS GENERALLY, AND ANY APPAR-
ENT SLOWING UP OF TRADE ADDED TO UNEASI-
NESS. A FURTHER PRICE REDUCTION OF 15
CENTS PER CASE ON EVAPORATED, BECAME
EFFECTIVE IN THE EARLY PART OF APRIL, AND
ACCORDING TO TRADE REPORTS, THERE WAS SOME
PICK-UP IN SALES FOLLOWING THIS, WITH A
S RESULTANT BETTER FEELING.
WHOLESALE PRICES AT ATLANTIC SEABOARD
POINTS ARE NOW MOSTLY AROUND $3.00 PER
CASE FOR THE BETTER KNOWN BRANDS, WITH
LESSER KNOWN BRANDS 15 CENTS LOWER THAN
THIS.
SWEETENED CONDENSED CASE GOODS IN
MANUFACTURERS' HANDS ON APRIL I SHOWED
AN INCREASE OF 15 PERCENT OVER A YEAR
EARLIER, AND MARCH PRODUCTION EXCEEDED
THAT OF MARCH, '937. pRnt..-
UNIV. OF FLL.
1938

i__ 1r..


L69 V W IIll III


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