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. The Minneapolis prices beginning in January 2010 are calculated by adding freight and unloading charges to Chicago prices (see table 19). The Minneapolis price series ended in December 2009. 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. |