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.
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.
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.
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.
The average lean hog carcass price dropped $1.93 over the past week to $69.32. Last year's 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.