The national average corn basis improved 2 1/4 cents from last week to stand 13 1/2 cents over December futures. The national average cash corn price improved 19 3/4 cents from last week to $7.56 3/4
Basis remains stronger than the three-year average, which is 8 cents below futures for this week.
The national average bean basis slipped 1 1/4 cents from last week to stand 9 1/2 cents over January futures. The national average cash price declined 7 1/2 cents from last week to $14.22 1/4.
Basis is better than the three-year average, which is 16 cents under futures for this week.
The national average soft red winter (SRW) wheat basis improved 4 cents from last week to 5 1/2 cents below December futures. The average cash price declined 9 3/4 cents to $8.39 1/2. The national average hard red winter (HRW) basis firmed 1/4 cent from last week to 50 cents under December futures. The average cash price declined 12 cents to $8.27 1/2.
Basis is better than the three-year average for SRW and HRW. The three-year average SRW basis for this week is 30 cents under futures and 79 cents under futures for HRW.
National average cash steer bids last week improved 54 cents to $125.29. Most are expecting steady cash cattle trade this week. Last year at this time, the cash price was $124.88.
Boxed beef prices improved $1.06 from last week, with Choice beef now at $194.28. Last year at this time, Choice boxed beef prices were $196.87.
The national average lean carcass bid fell $2.82 from the past week to $78.29. Last year's price on this date was $83.29.
The pork cutout value declined 21 cents from last week to $81.27. Last year at this time, the average cutout price stood at $89.04.