USDA’s 5-Area Accumulated Average Cattle Price continues to climb, reaching $165.54 per hundredweight last week. The five-week increase moved cash cattle prices up $1.91 per hundredweight from the previous week.
Cattle industry experts who make up the Monday Market Sentiment, were off with their bid of $163.85 per hundredweight. This week, they estimate prices to hit $165.59 per hundredweight.
As more consumers fire up their BBQ grills as the weather warms, so have prices for choice boxed beef. After declining to a low of $245.79 per hundredweight on March 23, choice boxed beef picked up a steady pace, ending March 30 on $251.70 per hundredweight. This moved the 27-day average to $247.06 per hundredweight.
Choice primal rib continues to break year-high records, ending March 30 on a high of $379.37 per hundredweight. Prices kicked off at $364.84 on March 24, making the $9.53 per hundredweight climb throughout the week. The continual price increases have moved the 27-day average to $358.15 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 Ryan Loseke, Loseke Feedyards.
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.