After looking into it, the store prices run with 33-42% margins. This is consistent with pre-pandemic margins, at least for big retailers. So if a box of 1k retails for $90 the cost is between $52-$60 at wholesale.
If you think of it that way, the current wholesale cost is double the retail of three years ago.
Thanks Paul, that helps me understand the economics of the primer costs.
Ironically, a store near me sent a notice email that they had primers in stock.
Winchester 209 shotgun primers $64.00 per thousand and Winchester SPP $74.00 per thousand. The SPP are a little over 2X what I used to pay.
CCI were in the $85.00 range, and they had some match rifle primers that were around $115.00.
I bought a thousand SPP even though I have a pretty good supply and in case the naysayers are right that we will appreciate these prices 2 years from now. I figure I can buy some and then the ones I paid $35.00 will still keep my overall loading costs much lower than factory ammo today.
The shotgun primers were something I did not have and while I don't currently load shotgun, I have the press powder wads some hulls and shot from a bulk buy I made years ago. So, I figured might as well grab a thousand for the heck of it. Again, a just in case purchase. If the prices go down will by a couple thousand more and dollar cost average into a lower cost per round.
Unfortunately, I could not see how many they had in stock. They had them in the storeroom and only brought out the ones you asked for. Limit was 1k per type per customer per day.
The email went out on the 8th and the other locations were sold out already.
I think it is a good sign that they had powder bullets and primers in stock.
They have had bare shelves for close to 2 years.
On the other hand, they had pallets of ammo out for sale. Prices still high.