Monthly evaporated and condensed milk market report

UNITED STATES DEPARTMENT OF AGRICULTURE
BUREAU OF AGRICULTURAL ECONOMICS
MONTHLY EVAPORATED AND CONDENSED MILK MARKET REPORT
(JUNE 1937)


No. 214 WASHINGTON, D.C. JUNE 22, 1937
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 MAY 1937*
NUMBER OF FACTORIES PRICE PER CWT.
GEOGRAPHIC SECTIONS REPOR G AVERAGE
REPORTING RAtNGE AVERAGE
NEW ENGLAND I$ $
MIDDLE ATLANTIC 6 T/ I.39-1.52 1.49
SOUTH ATLANTIC 3 1.29- .65 1.46
E.NORTH CENTRAL 84 1.40-1.69 1.43
W.NORTH CENTRAL I I .29- .52 1.36
SOUTH CENTRAL 13 1.20-1.36 1.28
NORTHWESTERN 11I I.30-1.49 I.41
SOUTHWESTERN 22 1.36-1.66 1.58
U. S. MAY 1937 150 1.20-1.69 1.43
U. S. APRIL 1937 150 1.31-1.90 1.49
U. S. MAY 1936 147 1.11-1.55 1.29
* NOTE: THE INFORMATION CARRIED IN THE BODY OF THIS TABLE APPLIES TO THE PREVIOUS
MONTH RATHER THAN THE CURRENT MONTH. UNDER THE PROVISIONS OF THE EVAPORATED MILK
MARKETING AGREEMENT NOW IN EFFECT, PRICES PAID PRODUCERS ARE CALCULATED BY FORMULAS
WHICH TAKE INTO ACCOUNT THE CURRENT MONTH'S AVERAGE WHOLESALE BUTTER AND CHEESE
MARKETING QUOTATIONS. THESE AVERAGES ARE NOT AVAILABLE AT THIS TIME.
I/ REPORTS NOT RECEIVED FROM TEN FACTORIES IN THESE AREAS WHICH BASE PRICES ON
FORMULA IN EVAPORATED MILK MARKETING AGREEMENT. FORMULA PRICE FOR THIS AREA
IN MAY $1.47.
PRICES PAID PRODUCERS ACCORDING TO GEOGRAPHIC SECTIONS OUTLINED IN EVAPORATED
MILK MARKETING AGREEMENT.
MAY 1937 APRIL 1937 MAY 1936


SECTION I
2
3
4
5
6

U.S. AVERAGE


1 .43 1_ .49 1 .29


NET WHOLESALE SELLING PRICES IN CARLOTS F.O.B. DISTRIBUTING POINTS MAY 1937
(CASE GOODS
THE WHOLESALE PRICES GIVEN BELOW ARE BASED ON THE REPORTS MADE BY MANUFACTURERS
COVERING ACTUAL SALES DELIVERED AT MANUFACTURERS' DISTRIBUTING POINTS ON BASIS OF
CASE OR SHORT TIME CREDIT.

EVAPORATED M)LK CONDENSED MILK
F. 0. B. (PER CASE OF 48 14, OZ. CANS) (PER CASE OF 48 14 oz. CANS)
RANGE AVERAGE RANG- AVERAGE
BOSTON $2.90-3.30 $3.02 $4.40-5.00 $4.70
NEW YORK CITY 2.90-3.30 3.03 4.40-5.00 4.66
PHILADELPHIA 2.90-3.30 i 3.00 4.40-5.00 4.69
CHICAGO 2.80-3.30 2.92 -
CLEVELAND 2.80-3.05 2.92 -
ST. Louis 2.80-3.05 2.94 -
KANSAS CITY 2.80-3.05 2.93 -
MINNEAPOLIS-ST.PAUL 2.80-3.20 2.93
ATLANTA 2.84-3.05 2.95 4.40 4.40
NEW ORLEANS 2.84-3.20 2.95 4.50-5.00 4.60
DENVER 2.84-3.05 2.95
SEATTLE 2.80-3.05 2.93
SAN FRANCISCO 2.70-3.05 2.83
Los ANGELES 2.70-3.05 2.83 -_
AVERAGE WHOLESALE SELLING PRICES BY GEOGRAPHIC SECTIONS MAY 1937


UNSWEETENED EVAPORATED
(PER CASE OF
48 141 oz. CANS)


SWEETENED CONDENSED
(PER CASE OF
48 14 oz. CANS)


NEW ENGLAND $3.03 $4.80
MIDDLE ATLANTIC 3.01 '4.73
SOUTH ATLANTIC 3.02 4.83
E. N. CENTRAL 2.94 5.25
W. N. CENTRAL 2.96 5.25
SOUTH CENTRAL 2.96 4.73
NORTH WESTERN 2.96 5.39
SOUTH WESTERN 2.87 5.39
U. S. AVERAGE
MAY 1937 $2.97 $4.89
U. S. AVERAGE
ApR. 1937 $2.98 $4.89


U. S. AVERAGE
MAY 1936


$2.96


$4.80


SWEETENED CONDENSED
BULK PER CWT.
UNSKIMMED SKIMMED
$6.25 $5.33
8.08 4.85
8.25 6.00
7.72 5.00
7.68 5.07
8.25 6.00
8.25 6.00
8.25 6.00

$7.95 $5.26

$8.07 $5.34

S$7.86 $4.98


(CONTINUED ON NEXT PAGE)


JUNE 1937





PAGE 2
STOCKS AND PRODUCTION 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 MONTH INCLUDE REPORTS FROM
PRACTICALLY ALL FIRMS MANUFACTUF ING THE CLASSES OF MILK INDICATED.
EVAPORATED MILK CONDENSED MI K CONDENSED MILK
(CASE GOODS) (CASE GOODS) (BULK GOODS)
TOTAL STOCKS
TOTAL STOCKS ON JUNE I, 1937 242,241,156 LBS. 8,869,282 LBS. 11,238,976 LBS.
No. OF FIRMS REPORTING* 38 7 28
COMPARISON FOR SAME FIRMS:
JUNE I, 1937 242,241,156 LBS. 8,669,282 LBS. 11,238,976 LBS.
MAY I, 1937 161,207,600 DS. 4,400,288 Les. 6,070,526 LBS.
CHANGE DURING MONTH +50.27% +97.02% +85.14>
IRMS IN COMPARISON 38 7 28
JUNE 1, 1937 239,369,605 LBS. 8,669,282 LBS. 11,029,391 LBS.
UNE I, 1936 141,774,079 LBS. 8,251,523 LBS. 9,08R,749 BS.
CHANGE FROM PREV. YEAR +68.84% + 5.06 +21.35%
IRMS IN COMPARISON* 36 7 26
PRODUCTION
COMPARISON FOR SAME FIRMS:
MAY 1937 232,613,884 LBS. 4,890,726 LBS. 18,881,932 LBS.
PRIL 1937 177,032,937 LBS. 3,628,346 Les. 13,605,134 LS.
CHANGE DURING MONTH +31 .403 +34.79% +38.797
IRMS IN COMPARISON* 37 7 28
MAY 1937 231,470,145 LBS. 4,890,726 LBS. 18,116,933 LBS.
MAY 1936 235,437,455 LBS. 4,746,453 LBS. 16,962,389 LBS.
CHANGE FROM PREV. YEAR 1.69% + 3.04% + 6.80(B
PIRMS IN COMPARISON* 35 7 26
FINAL REVISIONS FOR LAST MONTH:
TOTAL STOCKS ON MAY I, 1937 161,207,600 LBS. 4,400,288 LBS. 6,003,393 LBS.
ESTIMATED PRODUCTION MAY 1937** 247,838,000 LBS. 4,972,000 LBS. 26,556,000 LBS.
ESTIMATED PRODUCTION MAY 1936** 252,098,000 LBS. 4,325,000 LBS. 24,865,000 LBS.
FIRMS, NOT FACTORIES. bOME FIRMS OPERATE MORE THAN ONE FACTORY.
** SUBJECT TO REVISION.
AVERAGE DAILY PURCHASE PER PRODUCER*
MAY APRIL
1937 I 1936 1937 1936
TOTAL PURCHASES 453,842,798 LBs 2LBS 357,94 ,96 LBS 324,917, LBS
NUMBER OF PRODUCERS 113,949 102,491 105,749 92,778
AVERAGE DAILY
PURCHASES PER
PRODUCER 128.48 LBS 133.79 LBS 112.83 LBS 116.74 LBS
PERCENTAGE CHANGES
!N 1937 COMPARED
WITH 1936 3.97 3.35


PERCENTAGE CHANGE IN MAY 1937 COMPARED WI TH APR. 937
PERCENTAGE CHANGE IN MAY $936 COMPARED WITH APR. 1936


- +14.61
- +14.61


EVAPORATED MILK PRODUCTION NEAR PEAK FOR SEASON


Except for changes in production and
supplies, the evaporated milk situation continues
about the same as a month ago, according to re-
ports received by the Bureau of Agricultural
Economics from manufacturers. The supply changes
are partly seasonal in nature, for at this time
of the year, thero are normally increases in pro-
duction, as well as a tendency for manufacturers
to carry heavier inventories.

Stocks in the hands of manufacturers on
June 1 amounted to 242,000,000 pounds, an in-
crease of 100,000,000 pounds over Juno 1, 1936,
and 80,000,OCO pounds above the previous month.
The increase during May in the five year period,
1932-36, inclusive, was only 56,000,000 pounds.
The June 1 relationship with a year earlier is
about the same as that which had existed during
the last several months, for throughout 1937
manufacturers have carried much larger reserves
than in corresponding periods of 1936. June 1
stocks were the heaviest ever reported for that
date, the nearest approach to this year's stocks
having been in 1930, when 231,000,000 pounds
were reported. In terms of percentages, June 1
stocks were 68 percent over those of the same
date in 1936, and 76 percent over the above-
mentioned five year average.

The total pack of evaporated milk in May
was approximately 248,000,000 pounds. This
represented a decrease of 1.7 percent below May
1936. Except for last year, however, this would
have been a record high. The average May pro-
duction, 1932-36, inclusive, was 216,300,000
pounds, ranging from 189,000,000 pounds in 1934
to 252,000,000 pounds in 1936. The seasonal in-
crease in May this year was 31 percent, which
was about the usual change. For the calendar
year to June 1, there was an estimated increase
over the corresponding period of 1936 of about
124 million pounds, or 1.6 percent. Manu-


JUNE 1937


L996 PL IO I9II li
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facturers' reports covering quantities of milk
purchased from producers in May show increases
over May 1936 in total amounts and in numbers of
producers making deliveries, but a decrease of
3.9 percent in the average per producer.

Wholesale selling prices of evaporated
case continue unchanged at the same general
levels which have prevailed since February. At
these prices, apparent trade output exceeded that
of last year until May, when on the basis of such
information as is now available, it appears that
there was a drop under May 1936 of around 3 per
cent. For the first four months of 1937, trade
output was 18.6 percent greater than during the
corresponding period of 1936, so that even with a
Slight drop in May, the movement up to June 1
will bo greater than that of last year. In terms
of volume, the 1937 calendar year increase to
IMay 1, over the first four months of last year,
was 104,000,000 pounds, almost the equivalent of
Full month's pack during the season of lightest
production. Prices paid producers in May
averaged $1.43 per cwt., compared with $1.49 in
April, and $1.29 in May 1936. Since prices to
producers are based in part upon current butter
prices, producers' prices for June milk may be
slightly lower, for butter prices so far this
month have averaged about 1 cent per pound under
tho May average. Butter prices in June have been
supported by active buying by the AAA for relief
Distribution.

The market on condensedcase goods con-
,tinues at unchanged prices. Production in May of
18,000,000 pounds was 6.8 percent above a year
earlier. Stocks on June 1 of 8,670,000 pounds
represented an increase of 5 percent over those
of June 1, 1936. .-
SUNIV. OF FL LlS.


SU.s. DEPTOY..
U.S. DEPO O@TOR Y

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