The 5-Area Accumulated Average Cattle Price took a slight dip over the last week, moving from $104.41 on November 7 to $103.97 on November 14.
The panel of cattle industry experts who make up our Monday Market Sentiment guessed above the price last week with an average prediction of $105.16 per cwt. This week, the panel came in below with an average guess of $103.51 per cwt.
Choice boxed beef has seen a decrease throughout the week, starting Nov 8 at $185.34 per cwt, and ending Nov 14 at $183.92 per cwt. The 27-day average remained consistent at $183.39 per cwt.
Each week Beef Market Central, on behalf of Merck Animal Health, awards a $100 gift certificate from Cabela's to the industry leader whose forecast comes closest to the 5-Area cash trade number reported by the USDA. The most recent winner was Tom Stuckey, Denker Feedlots.