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Latest data may be preliminary
or projected.
Missing values indicate unreported values, discontinued series, or not yet released data.
WheatYearbookTable32
Table 32--Wheat and flour price relationships, Kansas City (dollars per cwt)
Mkt year and qtr 1/
Cost of wheat to produce flour 2/
Wholesale price of bakery flour 3/
Wholesale price of byproducts 4/
Total wholesale price
Total wholesale price less cost of wheat
2004/05
Q1 Jun-Aug
9.29
10.67
1.12
11.78
2.49
Q2 Sep-Nov
9.59
11.08
.98
12.07
2.48
Q3 Dec-Feb
9.48
11.12
.95
12.07
2.59
Q4 Mar-May
8.97
10.65
.77
11.42
2.45
MY Jun-May
9.33
10.88
.95
11.83
2.50
2005/06
Q1 Jun-Aug
9.07
10.80
.66
11.46
2.39
Q2 Sep-Nov
10.28
12.10
1.00
13.10
2.82
Q3 Dec-Feb
10.59
11.25
1.40
12.65
2.07
Q4 Mar-May
11.57
12.75
1.07
13.82
2.25
MY Jun-May
10.38
11.73
1.03
12.76
2.38
2006/07
Q1 Jun-Aug
12.13
13.13
1.17
14.30
2.18
Q2 Sep-Nov
12.44
13.38
1.47
14.85
2.41
Q3 Dec-Feb
12.37
12.80
2.32
15.12
2.75
Q4 Mar-May
12.69
13.78
1.33
15.11
2.42
MY Jun-May
12.41
13.28
1.57
14.85
2.44
2007/08
Q1 Jun-Aug
15.14
16.32
.88
17.20
2.06
Q2 Sep-Nov
20.59
20.27
1.94
22.20
1.62
Q3 Dec-Feb
27.70
27.12
2.74
29.86
2.16
Q4 Mar-May
27.25
27.60
2.45
30.05
2.79
MY Jun-May
22.67
22.82
2.00
24.83
2.16
2008/09
Q1 Jun-Aug
21.90
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1/ June-May. Latest data may be preliminary. 2/ No. 1 hard red winter, 13-percent protein. Cost of 2.28 bushels based on a 73-percent extraction rate. cwt = hundredweight. 3/ Quoted as mid-month bakers' standard patent, bulk basis. 4/ Assumes 50-50 millfeed distribution between bran and shorts or middlings, bulk basis. Source: USDA, Agricultural Marketing Service, Monthly Feedstuffs Prices; Milling and Baking News, Market Fax; and ERS estimates.