The 5-Area Accumulated Average Cattle Price came back up this week, moving from $97.57 on October 17 to $99.41 on October 24.
The panel of cattle industry experts who make up our Monday Market Sentiment guessed high last week with an average prediction of $100.91 per hundredweight. This week, the panel came in under with an average guess of $98.64 per hundredweight.
Choice boxed beef has seen an increase throughout the week, starting October 20 at $177.89 per hundredweight, and ending October 26 on $182.31 per hundredweight. This moved the 27-day average to $184.11 per hundredweight.
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 Pat Knobbe, Knobbe Cattle Co.