Midweek Cash Market
Corn basis is in line with three-year averages
Cash values in both cattle and hogs fell from a week ago
Chinese purchases of U.S. soybeans led to higher bids
Basis is firming as end users look to attract more soybeans
Basis has made significant improvement for consecutive weeks
Strengthening basis in portions of the country outweighs the widening in the Dakota’s
Cash cattle values were also down from the previous week
National soybean basis is 15 cents weaker than the three-year average
The cash cattle market shows beginning signs of cooling
National soybean basis continues to drop