Midweek Cash Market
Cash cattle trade higher early this week
Basis movement diverged among wheat classes
Basis movement was mixed among the grains
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