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:
AA00013239:00084


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UNIV.F FLLMy UNITED STATES DEPARTMENT OF AGRICULTURE
S BUREAU OF AGRICULTURAL ECONOMICS

,M, ON HL EVAPORATED AND CONDENSED MILK MARKET. REPORT
(May 1938)
t S. PDEPOTOnY _
fT____WASHINGTON, D. C. May 26. 1938.
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 1938
Geographic Sections Number of factories Price per cwt.
Sreporting Range Average
New England / $ --
Middle Atlantic 6 1.31 1.39 1.36
South Atlantic 4 1.18 1.60 1,37
E.North Central 82 1.24 1,38 1,26
W.North Central 11 1.13 1.31 1,20
South Central 13 1.12 1,18 1,14
Northwestern 11 ,98 1,19 1.13
Southwestern 21 1.03 1.32 1.25
U.S. Apr. 1938 ___ 148 .98 1.60 1.24
U.S. Mar. 1938 148 _1.14 1.70 1.36
U.S.' Aoro 1937 150 1.31 1.90 1.49
J/ Reports not.received from ten factories in these areas which base prices on
formula in evaporated milk market agreement. Formula price for this area
in April $1.32.
Prices Paid Producers according to Geographic Sections outlined in Evaporated
Milk Marketing Agreement. _
S April 1938 .March'1938 April 1937
Section 1 $ 1,26 $1,37 $1,49
2 1,39 1,57 1,59
3 1,17 1 1, 41
4 1.15" 1.30 1.49
5 1.12 1.27 1,50
6 1.27 3.44 1.63
U. S. Average 1.24 1.36 1.49
NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS APRIL 1938
(Case Goods)

The wholesale prices given below are brsed on the reports made by manufact-
urers covering actual srles delivered at manufacturers' distributing points on
basis of cash or short time credit.

Evaporated milk Condensed milk
F.O.B. (Por case of 48 141 oz.cans) I Per case of 48 14 oz cans)
Range Average Range Average
Boston $2.79 3.15 $2.90 $4.40 5.00 $4.70
New York City 2.79 3.15 2.91 4.40 5.00 .4.65
Philadelphia 2.79 3.05 2.88 4.40 5.00 4.69
Chicago 2.70 3.05 2.82 -
Cleveland 2.70 3.05 2.82 -
St. Louis 2.70 3.05 2.81 -
Kansas City 2.70 3.05 2.82 -
Minneapolis-St.Paul 2.70 3.05 2,82 -
Atlanta 2.70 3.05 2.82 4.40 4.40
New Orleans 2.70 3.05 2,83 4.40 5.00 4.53
Denver. 2.70 3.05 2.83
Seattle 2.70 2.95 2.79
San Francisco 2.55 2.90 2.72
Los Angeles 2.55 2.90 2.72 _
AVERAGE VWHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS APRIL 1938
Unsweetened evaporated Sweetened condensed Sweetened condensed
(per case of (per case of (Bulk per cwt.)
48 14 oz. cans) 48 14 oz. cans) Unskimmed Skimmed'
New England $2.91 $4,80 $8.00 $4.72
Mid.Atlantic 2.88 4,73 8.00 467
So.Atlantic 2.89 4,73 8.00 5,50
E.N.Central 2.81 5.25 7.51 4.45
W.N.Central 2.83 5.25 7.44 4.86
South Central 2.85 4.73 8.00 5650
North Western 2.83 8.00 5.50-
South Western 2.75 __8.00 5.50
U.S.Average
Apr. 1938 $2.85 $4.80 $7.72 $4.82
U.S.Average
Mar. 1938 $2.99, $4.86 .$7.77 $88
U.S.Average
Apr. 1937 $2.98 $4. 89 $8.07 $5.34
MAY 1938






STOCKS AND PROTECTION OF EVAPORATED AND CONDENSED MILK


Total stocks include all stocks held by manufacturers reporting whether their
own 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 the current rmnth include reports from
practically all firms manufacturing, the classes of milk indicated.
Evaporated Milk Condensed Milk Condensed Milk
(Case Goods) (dasc Goods) (Bulk Goods)
Total Stocko
Total Stocks on May 1, 1938 151,663,717 Lbs. 5,601,225 Lbs. 6,936,953 Lbs.
No. of firms reporting* 38 6 25

Comparison for same firms:
May 1, 1938 151,668,717 Lbs. 5,601,225 Lbs. 6,936,953 Lbs.
April 1, 1938 123,801,294 Lbs. 4,826,738 Lbs. 5,107,161 Lbs.
%6 change during month +22.51% +16.05% +35.83%
Firms in comparison 38 6 25
May 1, 1938 .151,574,734 Lbs. 5,601,225 Lbs. 6,936,953 Lbs.
May 1, 1937 161,160,713 Lbs. 4,400,288 Lbs. 5,349,719 Lbs.
% change from prev. year -5.95% +27.29% +29.67%
Firms in comparison* 37 6 25
Production
Comparison for same firms:
April, 1?38 197,867,798 Lbs. 4,810,475 Lbs. 13,213,284 Lbs.
March, 1938 166,507,879 Lbs. 4,216,716 Lbs. 11,528,926 Lbs.
% change during month +18.83% +14.08% +14.61%
Firms in comparison* 37 6 25
April, 1938 197,521,062 Lbs. 4,810,475 Lbs. 13,213,284 Lbs.
April, 1937 177,032,937 Lbs. 3,628,346 Lbs. 12,077,347 Lbs.
% change from prev. year +11.57% +32.58% +9.41%
Firms in comparison* 36 6 25
Final revisions for last month:
Total stocks on Apr. 1, 1938 '123,801,294 Lbs. 4,826,738 Lbs. 5,319,081 Lbs.
Estimated production Apr. 1938** *198,203,000 Lbs. 4,823,000 Lbs. 19,467,000 Lbs.
Estimated production Apr. 1937** 177,649,000 Lbs. 3,638,000 Lbs. 17,793,000 Lbs.
* Firms, not factories. Some firms operate more thnn one factory.
** Subject to revision.
AVERAagE DAILY MILK P ULCi'ASES PER PRODUCER
SAPRI L ",-- MACICH
___ 1938 [ 1937 .1 1938 I 1937


Total purchases
Number of producers
Average daily
Purchases per
npro uceor


390,570,043 Lbs. 356,211,012 Lbos.
117,079 106,484


111.20 TLb. 111.51 Lbn.


333,322,665 Lbs.
114,411


Percentage changes
In 1938-compared
with 1937 0.28 3.73
Percentage change in Apr. 1938 compared with Mar. 1938 + 18.32
Percentage change in Apr. 1937 compared ,with Mar. 1937 + 14.23


314,483,296Lbs
103,915


97.62Lbs


STOCKS-SHOWING MORE THAN AV GE SEASONAL tNCREAE.


Developments of primary importance in Trade comments indicate that the drop in
the evaporated and condensed milk industries wholesale prices in early April caused a slight
during April were the continued heavy production pickup in consumption, but the increase was in-
of both evaporated and condensed milk and the sufficient to keep ahead of the large seasonal
more than usual seasonal increase in stocks of gain in production. This resulted in an increase
these products held by manufacturers, says the in manufacturers' stocks during April that was
Bureau of Agricultural Economics. greater than that of last year for the same
Reports from firms making around 98 per- ponth of the 5-year (1933-37) average for April.
cent of the total domestic production of evapo- Total stocks of evaproated milk, case goods, re-
rated milk, case goods, show an increase of 11.6 ported by manufacturers on May 1 amounted to
percent in the April output over that of April 151,669,000 pounds, approximately 10,000,000
last year. Similar reports on condensed milk pounds less than stocks reported on May 1 last
indicate a gain of 32.6 percent in the produc- year. In the 19 years of record, only in 1920,
tion of case goods and 9.4 percent in bull 1930, 1931 and last year have May 1 stocks been
goods. Total production of evaporated milk, larger than those of this year.
case goods, in April is estimated as the largest Stocks of condensed milk, case goods, also
April production ever reported. For the first increased more than seasonally during April.
4 months of 1938, production has exceeded that Total stocks on May 1 were reported at 5,601,000
of the corresponding period last year by ap- pounds. The net increase in April amounted to
proximately 47,000,000 pounds, or 8 percent. 775,000 pounds compared with an increase of
Along with the heavy production, which 198,000 pounds in April last year, and a 5-year
is becoming more pronounced as the flush season average April gain of 647,000 pounds.
approaches, wholesale prices on both evaporated Wholesale grocery stocks of condensed and
and condensed milk have been slowly weakening evaporated milk at the end of March were approx-
in recent months. A decrease of 7 cents per the same as those of a year ago, according to the
case in the average wholesale price on evapo- Bureau's regular quarterly survey of stocks on
rated milk, case goods, in March was followed these products in the hands of wholesale grocers
by an additional decrease of 14 cents per case in 38 of the leading wholesale centers. On the
in April. A drop of 6 cents per hundredweight basis of reports from the sane firms for both
in the April price on condensed milk, case periods, wholesale stocks declined around 14 per-
goods, was also reported, as well as a decrease cent from December to March this year. This de-
of 5 cents per hundredweight on condensed milk, crease was slightly less than the 16 percent de-
bulk goods. The average April price on condensed,crease registered for the same period last year,
bulk goods, skimmed, was 6 cents per hundred- but it is not sufficient to indicate any change
weight less than in March. of importance in wholesale distributing channels.
MAY 19 38

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PRODUCTION OF EVAPOATED MILK CONTIUNES HEAVY. RESERVE,


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