The national average corn basis firmed 3 1/2 cents to stand 7 1/4 cents under December futures. The national average cash corn price firmed 2 1/4 cents from last week to $4.35 1/2.
Basis is slightly better than the three-year average, which is 9 1/4 cents below futures.
The national average bean basis softened 3 1/2 cents to 10 cents under November futures. The national average cash price softened 14 cents from last week to $12.66 1/2.
Basis remains much better than the three-year average, which is 21 1/2 cents below futures for this week.
The national average soft red winter (SRW) wheat basis firmed 4 cents to 27 3/4 cents below December futures. The average cash price fell 4 1/2 cents to $6.53 3/4. The national average hard red winter (HRW) basis firmed 1/4 cent to 13 3/4 cents under December futures. The average cash price softened 10 1/2 cents to $7.34 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 49 1/2 cents under futures and 68 cents under futures for HRW.
Official cash cattle trade prices are not available, but based on private estimates, last week's cash cattle trade largely occurred at $128. Yesterday, cash trade began at $129. Last year at this time, the cash price was $126.11.
Based on estimates from Urner Barry, Choice boxed beef prices have firmed $2.29 to $194.88. Last year at this time, Choice boxed beef prices were $195.71.
Average lean carcass bids are unavailable due to the government shutdown, but the cash market has been steady to lower so far this week. Last year's lean carcass price on this date was $97.66.
Based on estimates from Urner Barry, pork cutout values are 3 cents higher to $91.18. Last year at this time, the average cutout price stood at $85.42.