Feeds - Midweek Cash Markets

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis dropped 1/2 cent over the past week to stand 1/2 cent below May futures. The national average cash corn price dropped 14 1/4 cents to $3.34 1/4. Basis is still firmer than the three-year average, which is 8 cents below futures.   SOYBEAN COMMENTS The national average soybean basis firmed a penny over the past week to 1/4 cent below May futures. The national average cash price dropped 17 3/4 cents on the week to $8.62 1/2. Basis is much better than the three-year average of 31 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis fell 7 3/4 cents over the past week to 3 3/4 cents below May futures. The average cash price dropped 37 1/2 cents to $5.46 1/2. SRW basis is still better than the three-year average of 9 1/2 cents below futures. The national average hard red winter (HRW) wheat basis firmed a penny over the past week to 28 1/4 cents below May futures. The average cash price fell 25 cents over the past week to $4.46 3/4. HRW basis is much stronger than the three-year average of 50 1/2 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $119.31 last week, up $9.42 from the previous week. Cash cattle traded around $113 on the Fed Cattle Exchange online auction on Wednesday and cash-negotiated trade started around $112 in the Southern Plains. Last year, the cash price was $125.30. Choice boxed beef prices plunged $20.13 over the past week to $235.17. Last year, Choice boxed beef prices were $226.14.   HOG COMMENTS The average lean hog carcass price slipped 66 cents over the past week to $64.46. Last years lean carcass price on this date was $77.70. The pork cutout value plunged $17.28 over the past week to $61.18. Last year at this time, the cutout price stood at $79.60.

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis dropped 1 3/4 cents over the past week to even with May futures. The national average cash corn price firmed 11 1/2 cents to $3.48 1/2. Basis is still much firmer than the three-year average, which is 9 1/2 cents below futures.   SOYBEAN COMMENTS The national average soybean basis firmed 3/4 cent over the past week to 1 1/4 cents below May futures. The national average cash price surged 56 3/4 cents on the week to $8.80 1/4. Basis is much better than the three-year average of 33 1/4 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis dropped 2 1/2 cents over the past week but remains 4 cents above May futures. The average cash price surged 69 1/4 cents to $5.84. SRW basis is much better than the three-year average of 8 1/2 cents below futures. The national average hard red winter (HRW) wheat basis slipped 3/4 cent on the week to 29 1/4 cents below May futures. The average cash price surged 64 3/4 cents over the past week to $4.71 3/4. HRW basis is much stronger than the three-year average of 51 3/4 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $109.89 last week, up $1.05 from the previous week. Cash cattle traded around $120 on the Fed Cattle Exchange online auction on Wednesday. We expect cash-negotiated trade will also be around that level. Last year, the cash price was $128.96. Choice boxed beef prices firmed another $8.06 over the past week to $255.30. Last year, Choice boxed beef prices were $228.99.   HOG COMMENTS The average lean hog carcass price firmed $4.54 over the past week to $65.12. Last years lean carcass price on this date was $69.50. The pork cutout value firmed another $4.58 over the past week to $78.46. Last year at this time, the cutout price stood at $72.52.

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis dropped 5 3/4 cents over the past week but remains 1 3/4 cents above May futures. The national average cash corn price dropped 45 cents to $3.37. Basis is still much firmer than the three-year average, which is 9 1/2 cents below futures.   SOYBEAN COMMENTS The national average soybean basis firmed a penny over the past week to 2 cents below May futures. The national average cash price dropped 46 3/4 cents on the week to $8.23 1/2. Basis is much better than the three-year average of 32 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis slipped 1/4 cent over the past week but remains 6 1/2 cents above May futures. The average cash price dropped 4 3/4 cents to $5.14 3/4. SRW basis is much better than the three-year average of 8 1/4 cents below futures. The national average hard red winter (HRW) wheat basis firmed 1 1/2 cents on the week to 28 1/2 cents below May futures. The average cash price dropped 16 1/4 cents over the past week to $4.07. HRW basis is much stronger than the three-year average of 52 1/4 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $108.84 last week, down another $4.33 from the previous week. Cash cattle trade has ranged from $103 to $112 so far this week but we expect the average price to be about steady with last week. Last year, the cash price was $128.96. Choice boxed beef prices surged $40.07 over the past week to $247.24. Last year, Choice boxed beef prices were $228.67.   HOG COMMENTS The average lean hog carcass price firmed $2.83 over the past week to $60.58. Last years lean carcass price on this date was $59.22. The pork cutout value firmed $5.06 over the past week to $73.88. Last year at this time, the cutout price stood at $66.15.

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis slipped a penny over the past week but remains 7 1/2 cents above May futures. The national average cash corn price dropped 11 1/2 cents to $3.82. Basis is much firmer than the three-year average, which is 10 1/4 cents below futures.   SOYBEAN COMMENTS The national average soybean basis dropped 1 1/2 cents over the past week to 3 cents below May futures. The national average cash price dropped 35 1/2 cents on the week to $8.70 1/4. Basis is much better than the three-year average of 32 3/4 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis slipped 1/2 cent over the past week but remains 6 3/4 cents above May futures. The average cash price dropped 16 cents to $5.19 1/2. SRW basis is much better than the three-year average of 9 cents below futures. The national average hard red winter (HRW) wheat basis firmed 1 1/2 cents on the week to 28 1/2 cents below May futures. The average cash price dropped 16 1/4 cents over the past week to $4.07. HRW basis is much stronger than the three-year average of 53 3/4 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $113.17 last week, down $1.68 from the previous week. Cash cattle trade started around $110.00 this week. Last year, the cash price was $127.14. Choice boxed beef prices firmed 35 cents over the past week to $207.17. Last year, Choice boxed beef prices were $228.24.   HOG COMMENTS The average lean hog carcass price firmed $1.29 over the past week to $57.75. Last years lean carcass price on this date was $53.12. The pork cutout value firmed $4.14 over the past week to $68.82. Last year at this time, the cutout price stood at $61.49.

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis slipped 1 1/4 cents over the past week but remains 8 1/2 cents above May futures. The national average cash corn price firmed 13 1/4 cents to $3.93 1/2. Basis is much firmer than the three-year average, which is 8 1/2 cents below futures.   SOYBEAN COMMENTS The national average soybean basis dropped 2 3/4 cents over the past week to 1 1/2 cents below May futures. The national average cash price firmed 23 1/2 cents on the week to $9.05 3/4. Basis is much better than the three-year average of 33 1/4 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis dropped a nickel over the past week but remains 7 1/4 cents above May futures. The average cash price dropped 27 cents to $5.35 1/2. SRW basis is much better than the three-year average of 11 1/4 cents below futures. The national average hard red winter (HRW) wheat basis dropped 4 cents on the week to 30 cents below May futures. The average cash price dropped 3 cents over the past week to $4.23 1/4. HRW basis is much stronger than the three-year average of 57 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $114.85 last week, down $4.86 from the previous week. This week’s cash cattle trade started around $113 in the Southern Plains. Last year, the cash price was $128.15. Choice boxed beef prices firmed 48 cents over the past week to $206.82. Last year, Choice boxed beef prices were $224.93.   HOG COMMENTS The average lean hog carcass price firmed 30 cents over the past week to $56.46. Last years lean carcass price on this date was $51.85. The pork cutout value firmed $1.12 over the past week to $64.68. Last year at this time, the cutout price stood at $57.79.

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis slipped 1/4 cent over the past week to 9 3/4 cents above March futures. The national average cash corn price dropped 10 1/4 cents to $3.80 1/4. Basis is much firmer than the three-year average, which is 9 1/4 cents below futures.   SOYBEAN COMMENTS The national average soybean basis firmed 1/2 cent over the past week to 1 1/4 cents above March futures. The national average cash price dropped 15 3/4 cents on the week to $8.82 1/4. Basis is much better than the three-year average of 30 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis firmed 1/4 cent over the past week to 12 1/4 cents above March futures. The average cash price dropped 25 1/4 cents to $5.52 1/2. SRW basis is much better than the three-year average of 13 1/4 cents below futures. The national average hard red winter (HRW) wheat basis firmed 1/2 cent on the week to 26 cents below March futures. The average cash price dropped 27 cents over the past week to $4.26 1/4. HRW basis is much stronger than the three-year average of 61 3/4 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $119.71 last week, up 81 cents from the previous week. Cash cattle trade this week started around $115 in the Southern Plains. Last year, the cash price was $128.22. Choice boxed beef prices firmed 77 cents over the past week to $206.34. Last year, Choice boxed beef prices were $219.46.   HOG COMMENTS The average lean hog carcass price firmed 62 cents over the past week to $56.16. Last years lean carcass price on this date was $52.82. The pork cutout value firmed 43 cents over the past week to $63.36. Last year at this time, the cutout price stood at $57.79.

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis firmed 3/4 cent over the past week to 10 cents above March futures. The national average cash corn price dropped 1 3/4 cents to $3.90 1/2. Basis is much firmer than the three-year average, which is 3 1/4 cents below futures.   SOYBEAN COMMENTS The national average soybean basis firmed 2 cents over the past week to 3/4 cent above March futures. The national average cash price firmed 6 3/4 cents on the week to $8.98. Basis is much better than the three-year average of 25 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis dropped 4 1/2 cents over the past week to 12 1/2 cents above March futures. The average cash price firmed 13 1/4 cents to $5.77 3/4. SRW basis is much better than the three-year average of 2 1/2 cents below futures. The national average hard red winter (HRW) wheat basis firmed 1/4 cent on the week to 26 1/2 cents below March futures. The average cash price firmed 6 1/4 cents over the past week to $4.53 1/4. HRW basis is much stronger than the three-year average of 54 1/2 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $118.90 last week, down $2.15 from the previous week. Light cash cattle trade started around $120 in the Southern Plains. Last year, the cash price was $126.36. Choice boxed beef prices dropped 74 cents over the past week to $205.57. Last year, Choice boxed beef prices were $216.49.   HOG COMMENTS The average lean hog carcass price dropped another $1.78 over the past week to $55.54. Last years lean carcass price on this date was $54.13. The pork cutout value is exactly the same as last week at $62.93. Last year at this time, the cutout price stood at $58.46.

Click here for related charts. Click here for Pro Farmer’s Daily Advice Monitor.   CORN COMMENTS The national average corn basis firmed a penny over the past week to 9 1/4 cents above March futures. The national average cash corn price firmed 3 cents to $3.92 1/4. Basis is much firmer than the three-year average, which is 4 3/4 cents below futures.   SOYBEAN COMMENTS The national average soybean basis firmed 2 1/4 cents over the past week to 1 1/4 cents below March futures. The national average cash price firmed 14 3/4 cents on the week to $8.91 1/4. Basis is much better than the three-year average of 24 1/4 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis firmed 13 1/2 cents over the past week to 17 cents above March futures as some locations that pulled bids last week were bidding for old-crop wheat again. The average cash price dropped a penny to $5.64 1/2. SRW basis is much better than the three-year average of 5 1/4 cents below futures. The national average hard red winter (HRW) wheat basis firmed 2 1/2 cents on the week to 26 3/4 cents below March futures. The average cash price firmed 4 1/2 cents over the past week to $4.47. HRW basis is much stronger than the three-year average of 56 1/4 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $121.05 last week, down $1.82 from the previous week. Cash cattle trade has taken place in the $119 to $120 range this week. Last year, the cash price was $124.96. Choice boxed beef prices dropped $4.41 over the past week to $206.31. Last year, Choice boxed beef prices were $216.44.   HOG COMMENTS The average lean hog carcass bid dropped $1.42 over the past week to $60.98. Last years lean carcass price on this date was $55.55. The pork cutout value plunged another $6.23 over the past week to $64.15. Last year at this time, the cutout price stood at $62.71.

Click here for related charts. Click here for Pro Farmers Daily Advice Monitor.   CORN COMMENTS The national average corn basis firmed 1 1/4 cents over the past week to 8 1/4 cents above March futures. The national average cash corn price dropped 2 1/4 cents to $3.89 1/4. Basis is much firmer than the three-year average, which is 3 3/4 cents below futures.   SOYBEAN COMMENTS The national average soybean basis firmed 1/2 cent over the past week to 3 1/2 cents below March futures. The national average cash price fell 12 1/2 cents on the week to $8.76 1/2. Basis is much better than the three-year average of 26 1/4 cents under futures.   WHEAT COMMENTS The national average soft red winter (SRW) wheat basis plunged 16 3/4 cents over the past week as several locations that had strong push bids had no price for old-crop this week. Basis is still 3 1/2 cents above March futures. The average cash price dropped 17 cents to $5.65 1/2. SRW basis is still better than the three-year average of 4 1/4 cents below futures. The national average hard red winter (HRW) wheat basis firmed 2 1/2 cents on the week to 26 3/4 cents below March futures. The average cash price firmed 4 1/2 cents over the past week to $4.47. HRW basis is much stronger than the three-year average of 57 1/4 cents under futures.   CATTLE COMMENTS Cash cattle trade averaged $122.87 last week, down $1.43 from the previous week. Cash cattle trade is expected to take place at weaker prices again this week. Last year, the cash price was $124.98. Choice boxed beef prices dropped $2.80 over the past week to $210.72. Last year, Choice boxed beef prices were $217.57.   HOG COMMENTS The average lean hog carcass bid dropped $1.42 over the past week to $60.98. Last years lean carcass price on this date was $57.16. The pork cutout value plunged another $6.23 over the past week to $64.15. Last year at this time, the cutout price stood at $64.43.