The USDA 5-Area Accumulated Average Cattle Price continued to decline last week, after ending a six-week price increase during the week ending April 13. Cash cattle prices took a $2.81 per hundredweight hit, dropping the 5-Area Average to $161.63 per hundredweight. The two-week decline has dropped cash cattle $5.96 per hundredweight.
Our panel of cattle industry experts who make up the Monday Market Sentiment predicted the fall, however had projected it to decrease to $163.14 per hundredweight. This week, the panel estimates a weaker market, projecting cash cattle to hit $159.36 per hundredweight.
After a volatile previous week ending April 13, choice boxed beef prices progressed to a high of $260.80 per hundredweight last week on April 15. However, choice boxed beef prices declined to $257.79 per hundredweight by April 17, and bounced back to $259.14 per hundredweight by April 20.
Choice primal rib kicked off last week strong, climbing from $388.26 per hundredweight on April 14 to $390.97 per hundredweight the following day. Prices then began to slip, dropping to the week’s low of $382.02 per hundredweight by April 17.
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 Mike Binns, Brookover Cattle Co.
Want to join the expert panel? Email your 5-area cash trade estimate by 10 a.m. CT each Tuesday to email@example.com along with your name and company affiliation.
|Quotes & Data provided by iNet Solutions Group, Inc.|
|All commodity prices delayed 10 minutes.|