Think you know the fed-cattle market? Try matching your skills against some of the best Feed yard managers in America. Each week Cattle Trader Center (cattletradercenter.com), sponsored by Merck Animal Health, solicits entries for “Monday Market Sentiment,” a contest conducted online where participants are asked to pick the weekly market price for fed cattle. The entry closest to USDA’s weekly 5-area weighted reported fed-cattle price wins a $100 Cabela’s gift card.
Contest entries typically fall relatively close to USDA’s reported weekly price. The chart below shows contest entry prices compared to actual USDA-reported prices for the 11 weeks from April 5 to June 14. The contest entries average just 47 cents per hundredweight higher than the actual USDA 5-area weighted price for the week.