PULSE PRICE REPORT

Crop prices (July 27)

Rio Creek Feed Mill – Algoma

Commodity – Price – Basis

Corn – $3.52/bushel – -0.41

Soybeans – $9.26/bushel – -0.41

Wheat (SRW) – $4.52/bushel – -0.60

Fox River Valley Ethanol – Green Bay

Corn- $3.57/bushel – -0.36

New-Corn Crop – $3.68/bushel – -0.35

Basis: The difference between the local cash price for a commodity and the Chicago cash price (where the Board of Trade sets national futures price).

“The crops are doing quite well for the most part, better than what we were anticipating. We still could use some more rain, especially right now when the corn is starting to tassle. Winter wheat looks decent but I think production will be down a bit from last year because the fall we had was so wet. We may have a slightly earlier harvest than average, compared to last year it will be significantly earlier.” ~ UW-Extension, Kewaunee

Gas Price Averages

United States: $2.71

United States one year ago: $3.52

Wisconsin: $2.68

Wisconsin one year ago: $3.52

Northern Door: $2.69

Sturgeon Bay: $2.59

Other Commodities

Gold: $1,097.40/troy ounce

Silver: $14.66/troy ounce

Oil: $47.58/barrel

Live Cattle: $1.43/pound

Lean Hogs: $0.62/pound

Sources: aaa.com, agweb.com, gasbuddy.com, money.cnn.com