CORN COMMENTS
The national average corn basis firmed 11 1/2 cents to 6 3/4 cents below December futures. The national average cash corn price firmed 26 1/4 cents to $4.19 1/2.
Basis is slightly weaker than the three-year average of 5 1/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis firmed 2 1/4 cents to 5 1/2 cents below January futures. The national average cash price firmed 29 1/2 cents to $9.98 1/4.
Basis is in line with the three-year average of 5 cents below futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 21 1/2 cents to 44 1/2 cents below December futures as several locations removed bids. The average cash price firmed 21 1/4 cents to $5.28 3/4. SRW basis is near the three-year average of 46 cents under futures.
The national average hard red winter (HRW) wheat basis firmed 3/4 cent to 52 cents below December futures. The average cash price dropped a penny to $5.22. HRW basis is weaker than the three-year average of 40 1/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $189.82 last week, down 23 cents from the previous week. This week’s cash cattle trade is expected to be steady to weaker. Last year, the cash price was $179.91.
Choice boxed beef dropped $3.85 over the past week to $315.59. Last year at this time, Choice boxed beef prices were $298.75.
HOG COMMENTS
The average lean hog carcass price firmed $3.70 over the past week to $88.10. Last year’s lean carcass price on this date was $74.41.
The pork cutout value firmed 58 cents over the past week to $102.15. Last year at this time, the cutout price stood at $86.58.