CORN COMMENTS
The national average corn basis firmed 2 1/4 cents to 2 1/2 cents above March futures. The national average cash corn price firmed 12 1/4 cents to $4.54 3/4.
Basis is slightly weaker than the three-year average of 3 3/4 cents above futures.
SOYBEAN COMMENTS
The national average soybean basis firmed a penny to 2 1/4 cents above March futures. The national average cash price firmed 35 1/2 cents to $12.42 1/2.
Basis is slightly weaker than the three-year average of 3 1/4 cents above futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 2 3/4 cents to 56 1/2 cents under March futures. The average cash price firmed 31 cents to $5.54 1/4. SRW basis is much weaker than the three-year average of 23 1/2 cents under futures.
The national average hard red winter (HRW) wheat basis inched down 1/4 cent to 59 1/2 cents below March futures. The average cash price firmed 31 1/2 cents to $5.66 1/4. HRW basis is much weaker than the three-year average of 30 1/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $173.76 last week, up 29 cents from the previous week. Initial cash cattle trade started at $1.00 higher prices in Texas. Last year, the cash price was $155.25.
Choice boxed beef firmed $1.05 over the past week to $299.50. Last year at this time, Choice boxed beef prices were $268.28.
HOG COMMENTS
The average lean hog carcass price firmed $2.40 over the past week to $68.25. Last year’s lean carcass price on this date was $70.63.
The pork cutout value firmed 90 cents over the past week to $88.86. Last year at this time, the cutout price stood at $79.11.