Compare local elevator bids for corn, soybeans, and wheat near Hereford, Deaf Smith County.
Hereford is the feedlot capital of the world — Deaf Smith County's feedlot capacity exceeds 700,000 head at peak. Feed corn and milo bids here are set almost entirely by feedlot nutrition managers rather than export economics. When fed cattle prices are strong and feedlots are expanding, Hereford corn bids lead the Texas Panhandle. Watch USDA Cattle on Feed report.
Cash bids for Hereford area elevators are reported to USDA AMS through the Texas Daily Grain Report. GrainBrief pulls this data every morning at 6:00 AM CT. Sign up free to see the current bid and historical basis chart for Hereford.
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Submit Your BidGrain basis is the difference between the local elevator cash bid and the nearby CBOT futures contract. For Hereford, Deaf Smith County, the basis reflects transportation costs to export terminals, local supply and demand balance, and elevator margin.
A strengthening basis (moving toward zero or positive) means local demand is increasing relative to futures — elevators are bidding more aggressively for your grain. A weakening basis means local supply is ample or export demand has softened.
Factors that affect Hereford area basis include: proximity to river export terminals, local processor demand (ethanol, crush, livestock feeding), seasonal harvest pressure, and freight costs from this location to terminal markets.
| Basis Signal | What It Means | Marketing Implication |
|---|---|---|
| Basis narrows (strengthens) | Local demand exceeding local supply; elevator bidding up | Good time to sell — local pricing is strong relative to futures |
| Basis widens (weakens) | Local supply ample; elevator has less urgency to buy | Consider storing if carry is positive on futures — wait for demand signal |
| Basis vs. 5-yr average | Compare current basis to historical seasonal pattern | If current basis is stronger than average, seasonal advantage may not persist |
GrainBrief pulls daily grain cash bid data from USDA Agricultural Marketing Service (AMS) via their MARS API. The Texas Daily Grain Report covers elevator bids reported throughout the state each morning. This is the same underlying data used by DTN, Barchart, and other commercial grain data providers.
GrainBrief ingests USDA AMS data daily at 6:00 AM CT. USDA typically publishes Texas grain bids between 9:00 AM and noon local time. Create a free account to get email alerts when new bids are posted.
Yes — use the What's Your Bid? form to anonymously submit your local elevator's cash bid. Your submission helps other farmers in Deaf Smith County and surrounding areas benchmark whether they're getting a competitive price. No sign-in required and your IP address is never stored.
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