MEAT 143 



Kansas Wheat 1914 l 



Cents per 

 bushel 



Price received by Kansas Farmer 87.0 



Margin taken by local elevator 3.0 



Freight to seaboard 15.0 



Inspection weighing .25 



Gross profits of grain merchant 1.25 



Export elevator, loading into boat, etc 1.25 



Ocean freight 6.0 



Insurance on water .75 



Exporter's expenses 1.0 



Exporter's profits 1.25 



Price delivered in Liverpool 116.75 



Here the biggest margin taken by any dealer is the three cents 

 taken by the local elevator. 



If we trace the wheat through the mill, and as flour, into the 

 hands of the housewife, the margins are as follows: 



The 1906 Wheat Crop Producer to Consumer 2 



Cents per 

 bushel 



Price received by Kansas farmer 64.0 



Local elevator 3.0 



Transportation 8.4 



Inspection, weighing, interest on draft .25 



Commission 1.0 



Miller 10.0 



Wholesaler 5.0 



Retailer. . . .20.0 



Price to householder of flour contained 



in one bushel of wheat 111.65 



In this case, transportation and milling are expensive services 

 which change the place or form of the wheat. The largest margin 

 for " handling " the product is the retailer's margin. This is typical 

 of all commodities, and this retailer's margin increases as the 

 commodity becomes more perishable. 



Meat. Different investigations have been made by various 

 market experts into the gross margins in the meat industry. One 

 careful investigation gives us these margins: 



Cattle Hogs 



Farmer received 60.5 per cent 60.2 per cent 



Freight, yardage, feed, etc 2.4 2.1 



Packer's gross returns 11.3 15.4 



Retailer's gross returns 25.8 22.3 



100 100 



1 Prices of wheat to Producers in Kansas, etc. 63 Cong. 3 Sess. House 

 Doc. No. 1271. 



2 Bulletin of the United States Bureau of Labor Statistics, No. 130, 

 "Wheat and Flour Prices from Farmer to Consumer." 



