The 5-Area Accumulated Average Cattle Price remained consistent week over week, starting at $104.24 on October 31 and moving to $104.41 on November 7.
The panel of cattle industry experts who make up our Monday Market Sentiment guessed below the price last week with an average prediction of $102.90 per cwt. This week, the panel came in above with an average guess of $105.16 per cwt.
Choice boxed beef has seen a decrease throughout the week, starting Nov 3 at $188.74 per cwt, and ending Nov 9 at $184.55 per cwt. This moved the 27-day average to $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 Ryan Loseke, Loseke Feedyards.