Midweek Cash Markets | April 13, 2022
Click here for related charts.
Click here for Pro Farmer’s Daily Advice Monitor.
CORN COMMENTS
The national average corn basis firmed 2 1/4 cents to 2 1/2 cents below May futures. The national average cash corn price firmed 22 1/2 cents to $7.73 3/4.
Basis is weaker than the three-year average of 3 1/4 cents above futures.
SOYBEAN COMMENTS
The national average soybean basis firmed 3 3/4 cents over the past week to a penny above May futures. The national average cash price firmed 54 1/2 cents on the week to $16.71 1/4.
Basis is better than the three-year average of 3 3/4 cents under futures.
WHEAT COMMENTS
The national average soft red winter (SRW) wheat basis slipped a penny to 45 1/2 cents under May futures. The average cash price firmed 64 1/2 cents to $10.58 1/4. SRW basis is much weaker than the three-year average of 13 1/4 cents under futures.
The national average hard red winter (HRW) wheat basis firmed 3 3/4 cents to 55 1/2 cents below May futures. The average cash price firmed 81 cents to $11.06 3/4. HRW basis is much weaker than the three-year average of 22 1/4 cents under futures.
CATTLE COMMENTS
Cash cattle trade averaged $138.82 last week, down 50 cents from the previous week. This week’s cash trade started at prices around $1 higher. Last year at this time, the cash price was $122.03.
Choice boxed beef prices firmed $2.43 over the past week to $273.47. Last year, Choice boxed beef prices were $272.91.
HOG COMMENTS
The average lean hog carcass price dropped $1.72 over the past week to $98.00. Last year’s lean carcass price on this date was $102.79.
The pork cutout value firmed $2.43 over the past week to $106.80. Last year at this time, the cutout price stood at $108.85.
