The 5-Area Accumulated Average Cattle Price has made a collective increase of $2.73 per hundredweight in the past two weeks after the price of fed cattle jumped to $161.93 per hundredweight last week.
Our panel of cattle industry experts who make up the Monday Market Sentiment projected the prices to hold steady at the previous week’s price of $160.83 per hundredweight. This week, they estimate 5-Area cattle to slightly decline to $161.21 per hundredweight.
Feed cattle? Like predicting market trends? Have use for a $100 gift card from Cabela's? Then we want you. Click here to join our Monday Market Sentiment panel of cattle industry experts.
After struggling in the previous week ending May 4, choice boxed beef picked up momentum, starting May 5 off at $255.56 per hundredweight, and ending May 11 on a high of $259.57 per hundredweight. This moved the 27-day average to $257.83 per hundredweight.
Choice primal rib also picked up momentum last week. After decreasing to $376.55 per hundredweight during the week ending May 4, primal rib prices steadily increased to $380.99 per hundredweight by May 11. This moved the 27-day average to $384.32 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 Shelby Jones, Ranger Feeders.
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.
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