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CORN COMMENTS
The national average corn basis dropped 1 1/4 cents over the past week but is still 2 3/4 cents above March futures. The national average cash corn price dropped 3 3/4 cents to $5.24 3/4.
Basis is better than the three-year average, which is 2 3/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis dropped 1 3/4 cents over the past week to 1 3/4 cents under March futures. The national average cash price dropped 38 1/2 cents on the week to $13.67 3/4.
Basis is much better than the three-year average of 22 1/4 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 1/4 cent over the past week to 13 1/4 cents under March futures. Many locations are no longer giving a bid for spot delivery. The average cash price firmed 9 1/2 cents to $6.54 1/2. SRW basis is weaker than the three-year average of 3 1/2 cents below futures.
The national average hard red winter (HRW) wheat basis held at 31 3/4 cents below March futures again this week. The average cash price firmed 11 1/4 cents over the past week to $6.05 1/4. HRW basis is better than the three-year average of 37 1/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $109.52 last week, down $1.75 from the previous week. Cash cattle trade started at steady to lower prices compared with last week. Last year, the cash price was $124.03.
Choice boxed beef prices firmed $7.91 over the past week to $218.91. Last year, Choice boxed beef prices were $212.53.
HOG COMMENTS
The average lean hog carcass price firmed 19 cents over the past week to $65.67. Last years lean carcass price on this date was $59.53.
The pork cutout value firmed $1.24 over the past week to $77.92. Last year at this time, the cutout price stood at $73.34.
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CORN COMMENTS
The national average corn basis dropped 4 3/4 cents over the past week but is still 4 cents above March futures. The national average cash corn price firmed 24 3/4 cents to $5.28 1/2.
Basis is better than the three-year average, which is a penny below futures.
SOYBEAN COMMENTS
The national average soybean basis dropped 2 1/2 cents over the past week to even with March futures. The national average cash price surged another 42 1/4 cents on the week to $14.06 1/4.
Basis is much better than the three-year average of 22 3/4 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed a penny over the past week to 13 1/2 cents under March futures. Many locations aren’t giving a bid for spot delivery. The average cash price firmed 14 cents to $6.45. SRW basis is weaker than the three-year average of 3 cents below futures.
The national average hard red winter (HRW) wheat basis held at 31 3/4 cents below March futures. The average cash price firmed 22 1/4 cents over the past week to $5.94. HRW basis is better than the three-year average of 37 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $111.27 last week, down 24 cents from the previous week. Cash cattle trade started in the $110 to $111 range this week. Last year, the cash price was $124.47.
Choice boxed beef prices firmed $5.73 over the past week to $211.00. Last year, Choice boxed beef prices were $209.56.
HOG COMMENTS
The average lean hog carcass price firmed $3.06 over the past week to $65.48. Last years lean carcass price on this date was $59.34.
The pork cutout value firmed $1.24 over the past week to $76.68. Last year at this time, the cutout price stood at $73.28.
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CORN COMMENTS
The national average corn basis slipped 1/4 cent over the past week but is still 8 3/4 cents above March futures. The national average cash corn price firmed 28 3/4 cents to $5.03 3/4.
Basis is much better than the three-year average, which is 2 3/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis firmed 2 cents over the past week to 2 1/2 cents above March futures. The national average cash price surged another 68 cents on the week to $13.64.
Basis is much better than the three-year average of 25 1/4 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 5 1/2 cents over the past week to 14 1/2 cents under March futures, though many locations aren’t giving a bid for spot delivery. The average cash price firmed 35 3/4 cents to $6.34. SRW basis is weaker than the three-year average of 1 3/4 cents below futures.
The national average hard red winter (HRW) wheat basis held at 31 3/4 cents below March futures. The average cash price firmed 18 1/2 cents over the past week to $5.71 3/4. HRW basis is much better than the three-year average of 40 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $111.51 last week, up $2.32 from the previous week. Cash cattle are expected to trade higher again this week. Last year, the cash price was $124.21.
Choice boxed beef prices dropped $5.03 over the past week to $205.27. Last year, Choice boxed beef prices were $208.25.
HOG COMMENTS
The average lean hog carcass price firmed $2.49 over the past week to $62.42. Last years lean carcass price on this date was $57.73.
The pork cutout value firmed $4.45 over the past week to $75.44. Last year at this time, the cutout price stood at $73.41.
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CORN COMMENTS
The national average corn basis firmed 1 1/4 cents over the past week to 9 cents above March futures. The national average cash corn price firmed 23 3/4 cents to $4.75.
Basis is much better than the three-year average, which is 5 3/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis slipped 1/2 cent over the past week but remains 1/2 cent above January futures. The national average cash price surged 47 3/4 cents on the week to $12.96.
Basis is much better than the three-year average of 29 3/4 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 2 3/4 cents over the past week to 20 cents under March futures. The average cash price firmed 4 1/4 cents to $5.98 1/4. SRW basis is weaker than the three-year average of 12 1/4 cents below futures.
The national average hard red winter (HRW) wheat basis held at 31 3/4 cents below March futures. The average cash price firmed 5 3/4 cents over the past week to $5.53 1/4. HRW basis is much better than the three-year average of 64 3/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $109.19 last week, up $3.07 from the previous week. Cash cattle are expected to trade higher again this week, though packers may wait to assess needs after the holidays before actively pursuing animals. Last year, the cash price was $122.50.
Choice boxed beef prices slipped 37 cents over the past week to $210.30. Last year, Choice boxed beef prices were $208.25.
HOG COMMENTS
The average lean hog carcass price dropped another $2.11 over the past week to $59.93. Last years lean carcass price on this date was $57.73.
The pork cutout value firmed $4.12 over the past week to $70.99. Last year at this time, the cutout price stood at $75.28.
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CORN COMMENTS
The national average corn basis firmed 1 1/2 cents over the past week to 7 3/4 cents above March futures. The national average cash corn price firmed 17 3/4 cents to $4.51 1/4.
Basis is much better than the three-year average, which is 10 3/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis slipped 1/4 cent over the past week but remains a penny above January futures. The national average cash price surged 63 1/4 cents on the week to $12.48 1/4.
Basis is much better than the three-year average of 22 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis dropped 2 3/4 cents over the past week to 22 3/4 cents under March futures. The average cash price firmed 15 3/4 cents to $5.94 1/4. SRW basis is much weaker than the three-year average of 7 1/4 cents below futures.
The national average hard red winter (HRW) wheat basis held at 31 3/4 cents below March futures. The average cash price firmed 17 3/4 cents over the past week to $5.47 1/2. HRW basis is better than the three-year average of 70 1/2 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $106.12 last week, down 63 cents from the previous week. Cash cattle are expected to trade about steady this week. Last year, the cash price was $122.28.
Choice boxed beef prices firmed $3.45 over the past week to $210.67. Last year, Choice boxed beef prices were $210.15.
HOG COMMENTS
The average lean hog carcass price dropped another $2.93 over the past week to $62.04. Last years lean carcass price on this date was $59.12.
The pork cutout value dropped $6.82 over the past week to $66.87. Last year at this time, the cutout price stood at $76.45.
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CORN COMMENTS
The national average corn basis firmed 1 1/2 cents over the past week to 6 1/4 cents above March futures. The national average cash corn price firmed a nickel to $4.33 1/2.
Basis is much better than the three-year average, which is 10 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis slipped 1 3/4 cents over the past week but remains 1 1/4 cents above January futures. The national average cash price firmed 23 1/2 cents on the week to $11.85.
Basis is much better than the three-year average of 22 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis slipped 1/4 cent over the past week to 20 cents under March futures. The average cash price firmed 15 cents to $5.78 1/2. SRW basis is much weaker than the three-year average of 1 3/4 cents below futures.
The national average hard red winter (HRW) wheat basis firmed a penny to 31 3/4 cents below March futures. The average cash price firmed 11 1/2 cents over the past week to $5.29 3/4. HRW basis is better than the three-year average of 41 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $106.75 last week, down $3.00 from the previous week. Cash cattle are expected to trade lower again this week, with light activity mostly around $105 seen thus far in the northern market. Last year, the cash price was $120.36.
Choice boxed beef prices plunged another $11.04 over the past week to $207.22. Last year, Choice boxed beef prices were $209.57.
HOG COMMENTS
The average lean hog carcass price dropped another 69 cents over the past week to $64.97. Last years lean carcass price on this date was $60.65.
The pork cutout value dropped $3.91 over the past week to $73.69. Last year at this time, the cutout price stood at $82.39.
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CORN COMMENTS
The national average corn basis firmed 2 1/4 cents over the past week to 4 3/4 cents above March futures. The national average cash corn price firmed 2 1/4 cents to $4.28 1/2.
Basis is much better than the three-year average, which is 11 3/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis firmed 3 cents over the past week to 3 cents above January futures. The national average cash price firmed 8 1/2 cents on the week to $11.61 1/2.
Basis is much better than the three-year average of 23 1/2 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 5 1/4 cents over the past week to 19 3/4 cents under March futures. The average cash price was unchanged at $5.63 1/2. SRW basis is much weaker than the three-year average of 3 1/4 cents below futures.
The national average hard red winter (HRW) wheat basis firmed 1 3/4 cents to 32 3/4 cents below March futures. The average cash price slipped 1 1/2 cents over the past week to $5.18 1/4. HRW basis is better than the three-year average of 43 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $109.75 last week, down 52 cents from the previous week. Cash cattle started trading around $108.00 in the Southern Plains this week. Last year, the cash price was $119.17.
Choice boxed beef prices plunged $22.63 over the past week to $218.26. Last year, Choice boxed beef prices were $218.65.
HOG COMMENTS
The average lean hog carcass price dropped another $1.05 over the past week to $65.66. Last years lean carcass price on this date was $59.46.
The pork cutout value dropped $1.43 over the past week to $77.60. Last year at this time, the cutout price stood at $79.73.
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CORN COMMENTS
The national average corn basis dropped 2 cents over the past week but remains 2 1/2 cents above March futures. The national average cash corn price dropped 4 cents to $4.26 1/4.
Basis is better than the three-year average, which is 9 3/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis firmed 2 1/2 cents over the past week to steady with January futures. The national average cash price dropped 38 1/2 cents on the week to $11.53.
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 dropped 9 1/2 cents to 25 cents under futures as some locations pulled old-crop bids and on the rollover to the March contract. The average cash price fell 38 1/2 cents to $5.63 1/2. SRW basis is much weaker than the three-year average of 3 1/2 cents below futures.
The national average hard red winter (HRW) wheat basis dropped 2 3/4 cents to 34 cents below March futures. The average cash price fell 19 3/4 cents over the past week to $5.19 3/4. HRW basis is better than the three-year average of 44 1/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $110.27 last week, up 70 cents from the previous week. Cash cattle are expected to trade about steady this week. Last year, the cash price was $118.92.
Choice boxed beef prices dropped $3.41 over the past week to $240.89. Last year, Choice boxed beef prices were $226.95.
HOG COMMENTS
The average lean hog carcass price dropped another 99 cents over the past week to $66.71. Last years lean carcass price on this date was $58.20.
The pork cutout value firmed $2.41 over the past week to $79.03. Last year at this time, the cutout price stood at $81.16.
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CORN COMMENTS
The national average corn basis firmed 3 3/4 cents over the past week to 1/4 cent above December futures. The national average cash corn price firmed 12 1/4 cents to $4.26.
Basis is better than the three-year average, which is 5 1/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis slipped 3/4 cent over the past week to 5 3/4 cents below January futures. The national average cash price firmed 27 1/2 cents on the week to $11.75.
Basis is much better than the three-year average of 26 3/4 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 1/4 cent to 14 3/4 cents under December futures. The average cash price held at $5.83. SRW basis is weaker than the three-year average of 6 1/4 cents below futures.
The national average hard red winter (HRW) wheat basis firmed 2 3/4 cents to 31 1/2 cents below December futures. The average cash price firmed 4 1/4 cents over the past week to $5.26 1/4. HRW basis is better than the three-year average of 39 1/2 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $109.62 last week, up $3.29 from the previous week. Cash cattle are expected to trade higher again this week. Last year, the cash price was $115.96.
Choice boxed beef prices surged another $13.00 over the past week to $235.84. Last year, Choice boxed beef prices were $238.21.
HOG COMMENTS
The average lean hog carcass price dropped $1.93 over the past week to $69.32. Last years lean carcass price on this date was $59.58
The pork cutout value dropped $6.01 over the past week to $76.22. Last year at this time, the cutout price stood at $86.43.
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CORN COMMENTS
The national average corn basis dropped 2 3/4 cents over the past week to 3 1/2 cents below December futures. The national average cash corn price firmed 9 1/4 cents to $4.13 3/4.
Basis is better than the three-year average, which is 7 1/4 cents below futures.
SOYBEAN COMMENTS
The national average soybean basis slipped 1/2 cent over the past week to a nickel below January futures. The national average cash price firmed 65 3/4 cents on the week to $11.47 1/2.
Basis is much better than the three-year average of 29 3/4 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis firmed 5 3/4 cents to 15 cents under December futures. The average cash price dropped 2 1/4 cents to $5.83. SRW basis is weaker than the three-year average of 10 1/2 cents below futures.
The national average hard red winter (HRW) wheat basis dropped 1 1/4 cents to 34 1/4 cents below December futures. The average cash price dropped 4 3/4 cents over the past week to $5.22. HRW basis is better than the three-year average of 42 3/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $106.33 last week, up $2.09 from the previous week. Cash cattle are expected to trade higher again this week. Last year, the cash price was $115.19.
Choice boxed beef prices surged $12.65 over the past week to $222.84. Last year, Choice boxed beef prices were $242.34.
HOG COMMENTS
The average lean hog carcass price dropped 68 cents over the past week to $71.37. Last years lean carcass price on this date was $59.55
The pork cutout value firmed $1.14 over the past week to $82.23. Last year at this time, the cutout price stood at $80.07.
