Midweek Cash Markets (VIP) -- June 5, 2013

June 5, 2013 11:19 AM
 

CORN COMMENTS

The national average corn basis softened 7 cents over the past week to stand 47 cents over July futures. The national average cash corn price softened 11 1/4 cents from last week to $7.07 3/4.

Basis remains much stronger than the three-year average, which is 10 1/4 cents above futures.

 

SOYBEAN COMMENTS

The national average bean basis softened 13 cents from last week to stand 18 1/2 cents over July futures. The national average cash price firmed 17 1/4 cents from last week to $15.50 1/2.

Basis remains much better than the three-year average, which is 8 cents over futures for this week.

 

WHEAT COMMENTS

The national average soft red winter (SRW) wheat basis was unchanged from last week at 7 cents below July futures. The average cash price softened 1 1/4 cents to $6.94 1/2. The national average hard red winter (HRW) basis firmed 3/4 cent from last week to 14 cents under July futures. The average cash price declined 3 1/4 cents to $7.29 1/4.

Basis remains much better than the three-year average for SRW and HRW. The three-year average SRW basis for this week is 17 cents under futures and 62 cents under futures for HRW.

 

CATTLE COMMENTS

National average cash steer bid dropped 11 cents last week to $124.64. Cash cattle trade is expected to be steady this week. Last year at this time, the cash price was $122.79.

Boxed beef prices fell $5.13 from last week, with Choice beef now at $204.40. Last year at this time, Choice boxed beef prices were $197.13.

 

HOG COMMENTS

The national average lean carcass bid rose $2.05 over the past week to $95.98. Last year's price on this date was $86.69.

The pork cutout value improved $1.24 from last week to $95.13. Last year at this time, the average cutout price stood at $89.23.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close