The 5-Area Area Weekly Accumulated Average Cattle Price continues a two-week climb, after a three-week skid. Last week, cash cattle brought $161.85 per hundredweight, $1.78 per hundredweight more than the previous week’s price of $160.07 per hundredweight. Markets were closed Monday, Feb. 16 for President’s Day.
Our panel of cattle industry experts who make up the Monday Market Sentiment overshot the price with their projection of $162.28 per hundredweight. This week, the panel estimates the cash cattle price to bring $161.24 per hundredweight.
Choice boxed beef prices have remained volatile, with a significant drop in the previous week from $244.07 per hundredweight to $238.48 per hundredweight. Choice boxed beef started the week off at $239.74 per hundred weight on Feb. 10, hitting a low of $237.68 per hundredweight on Feb. 12. This moved the 27-day average to $248.32 per hundredweight.
Choice primal rib prices continue to increase, jumping from $323.47 per hundredweight in the previous week to a high of $331.28 per hundredweight on Feb. 17. This set the 27-day average to $331.22 per hundredweight.
Each week the Cattle Trader Center, on behalf of Vance Publishing, 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 Matt Selee, Cattle Empire.
Want to join the expert panel? Email your 5-Area cash trade estimate by 10 a.m. CT each Tuesday to firstname.lastname@example.org along with your name and company affiliation.