The national average corn basis firmed 1/2 cent to stand $1.03 1/2 over September futures. The national average cash corn price fell 3 cents from last week to $5.68 1/4.
Basis remains much stronger than the three-year average, which is 3 cents below futures.
The national average bean basis firmed 1/4 cent to $1.42 over September futures. The national average cash price rallied 93 1/2 from last week to $14.01
Basis remains much better than the three-year average, which is 28 1/2 cents over futures for this week.
The national average soft red winter (SRW) wheat basis softened 15 cents to 27 cents below September futures. The average cash price fell 27 3/4 cents to $6.03 1/1. The national average hard red winter (HRW) basis improved 1/4 cent from last week to 13 1/4 cents under September futures. The average cash price firmed 1/2 cent to $6.86.
Basis remains much better than the three-year average for SRW and HRW. The three-year average SRW basis for this week is 40 1/4 cents under futures and 68 3/4 cents under futures for HRW.
National average cash steer bid firmed $2.42 last week to $122.45. Cash cattle trade has yet to get started, but traders are hoping for steady to firmer prices compared with last week. Last year at this time, the cash price was $120.51.
Boxed beef prices firmed $3.69 from last week, with Choice beef now at $192.35. Last year at this time, Choice boxed beef prices were $191.10.
The national average lean carcass bid firmed $1.41 over the past week to $102.49. Last year's price on this date was $91.84.
The pork cutout value fell $2.01 from last week to $102.67. Last year at this time, the average cutout price stood at $86.58.