CORN COMMENTS
The national average corn basis fell 15 cents but remained 8 1/2 cents above July futures. The national average cash corn price firmed 48 1/4 cents to $6.79 1/2.
Basis is slightly weaker than the three-year average of 11 3/4 cents above futures.
SOYBEAN COMMENTS
The national average soybean basis firmed 58 1/2 cents to 77 1/2 cents above August futures. The national average cash price surged $1.15 1/4 to $15.22 1/2.
Basis is much better than the three-year average of 5 1/2 cents above futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis slipped 3/4 cent to 27 3/4 cents under July futures. The average cash price surged $1.03 1/2 to $7.06 3/4. SRW basis is weaker than the three-year average of 19 1/2 cents under futures.
The national average hard red winter (HRW) wheat basis fell 5 3/4 cents to 47 1/2 cents below July futures. The average cash price jumped 83 3/4 cents to $8.28 1/4. HRW basis is much weaker than the three-year average of 29 1/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $184.92 last week, down $3.83 from the previous week. Cash cattle started trading at $2 lower prices this week. Last year, the cash price was $144.55.
Choice boxed beef fell $4.81 over the past week to $334.25. Last year at this time, Choice boxed beef prices were $266.57.
HOG COMMENTS
The average lean hog carcass price firmed $2.60 over the past week to $85.98. Last year’s lean carcass price on this date was $110.17.
The pork cutout value firmed $6.40 over the past week to $96.08. Last year at this time, the cutout price stood at $111.15.