The national average corn basis softened 15 1/2 cents to stand 98 1/2 cents over December futures. The national average cash corn price fell 50 1/4 cents from last week to $5.68.
Basis remains much stronger than the three-year average, which is 18 cents below futures.
The national average bean basis softened 14 3/4 cents to $1.00 3/4 over November futures. The national average cash price softened 95 1/4 cents from last week to $14.53 1/4.
Basis remains much better than the three-year average, which is 7 1/2 cents below futures for this week.
The national average soft red winter (SRW) wheat basis softened 9 cents to 35 3/4 cents below December futures. The average cash price fell 9 1/4 cents to $6.10 1/2. The national average hard red winter (HRW) basis softened 1/4 cent to 13 1/2 cents under December futures. The average cash price softened 21 3/4 cents to $6.84 1/2.
Basis remains much better than the three-year average for SRW and HRW. The three-year average SRW basis for this week is 63 1/2 cents under futures and 78 1/2 cents under futures for HRW.
National average cash steer bids softened $1.21 last week to $123.34. This week, most expect steady prices compared with last week. Last year at this time, the cash price was $124.10.
Boxed beef prices firmed 28 cents from last week, with Choice beef now at $196.56. Last year at this time, Choice boxed beef prices were $191.14.
The national average lean carcass bid fell $3.37 over the past week to $91.77. Last year's price on this date was $77.29.
The pork cutout value fell $2.13 from last week to $94.89. Last year at this time, the average cutout price stood at $77.46.