USDA Economic Research Service Data Sets
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Data Sets

Wheat Data: Yearbook Tables
Wheat and flour price relationships, Minneapolis
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View all years for this table. Latest data may be preliminary or projected.
Missing values indicate unreported values, discontinued series, or not yet released data.

WheatYearbookTable33
Table 33--Wheat and flour price relationships, Minneapolis (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
2003/04
Q1 Jun-Aug
9.33
10.33
.96
11.29
1.96
Q2 Sep-Nov
9.67
10.15
1.15
11.30
1.62
Q3 Dec-Feb
10.27
11.03
1.20
12.23
1.97
Q4 Mar-May
10.65
11.17
1.29
12.46
1.81
MY Jun-May
9.98
10.67
1.15
11.82
1.84
2004/05
Q1 Jun-Aug
9.87
10.48
1.19
11.67
1.80
Q2 Sep-Nov
11.16
11.50
1.05
12.55
1.38
Q3 Dec-Feb
10.69
11.88
.84
12.72
2.03
Q4 Mar-May
10.77
11.38
.68
12.06
1.29
MY Jun-May
10.62
11.31
.94
12.25
1.62
2005/06
Q1 Jun-Aug
11.07
11.58
.88
12.46
1.39
Q2 Sep-Nov
11.42
12.70
.85
13.55
2.13
Q3 Dec-Feb
11.44
12.20
1.01
13.21
1.77
Q4 Mar-May
11.46
12.53
.99
13.53
2.07
MY Jun-May
11.35
12.25
.93
13.19
1.84
2006/07
Q1 Jun-Aug
12.30
13.03
1.10
14.14
1.84
Q2 Sep-Nov
11.99
12.52
1.40
13.92
1.93
Q3 Dec-Feb
12.24
12.70
2.11
14.81
2.56
Q4 Mar-May
12.80
13.42
1.37
14.78
1.99
MY Jun-May
12.33
12.92
1.49
14.41
2.08
2007/08
Q1 Jun-Aug
14.95
15.60
1.21
16.81
1.86
Q2 Sep-Nov
20.41
19.97
1.94
21.91
1.49
Q3 Dec-Feb
32.41
32.82
2.47
35.29
2.88
Q4 Mar-May
30.85
31.38
2.50
33.89
3.04
MY Jun-May
24.66
24.94
2.03
26.97
2.32
1/ June-May. Latest data may be preliminary.
2/ No. 1 dark northern spring, 14-percent protein. Cost of 2.28 bushels based on a 73-percent extraction rate. cwt = hundredweight.
3/ Quoted as mid-month bakers' spring 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.
Date run: 8/21/2008
For more information, contact: Gary Vocke

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Updated date: August 14, 2008