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.
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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 email@example.com along with your name and company affiliation.
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