The national average corn basis softened 1 cent from last week stand 22 1/2 cents over May futures. The national average cash corn price declined 89 3/4 cents from last week to $6.64.
Basis remains stronger than the three-year average, which is 4 1/2 cents below futures for this week.
The national average bean basis improved 2 1/4 cents from last week to stand 30 1/4 cents over May futures. The national average cash price softened 65 1/4 cents from last week to $14.10 1/2.
Basis remains much better than the three-year average, which is 9 cents under futures for this week.
The national average soft red winter (SRW) wheat basis improved 2 3/4 cents from last week to 5 1/2 cents below May futures. The average cash price declined 32 1/4 cents to $6.91. The national average hard red winter (HRW) basis improved 1/4 cent from last week to 26 1/4 cents under May futures. The average cash price softened 33 cents to $7.09.
Basis remains much better than the three-year average for SRW and HRW. The three-year average SRW basis for this week is 36 cents under futures and 66 cents under futures for HRW.
National average cash steer bid improved $2.96 last week to $127.74. Cash cattle trade began today in the Southern Plains, with prices about steady with last week. Last year at this time, the cash price was $121.91.
Boxed beef prices improved $1.05 from last week, with Choice beef now at $191.48. Last year at this time, Choice boxed beef prices were $183.09.
The national average lean carcass bid improved $2.75 over the past week to $76.99. Last year's price on this date was $82.67.
The pork cutout value declined 64 cents from last week to $76.95. Last year at this time, the average cutout price stood at $78.42.