Midweek Cash Market
Basis for corn and soybeans dropped despite a sharp decline in futures over the past week.
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Cash cattle prices reached an all-time high. Choice beef prices also surged, but are still far from their peak.
Corn and soybean basis firmed despite strong rises in cash prices.
Cash livestock and wholesale meat prices dropped over the past week.
Soybean basis dropped but the average cash price remained above $15.
Corn basis firmed, though the average cash price fell sharply.
Choice boxed beef prices continue to surge.
Cash hog prices firmed again this week as the seasonal rally is gradually underway.