After four weeks of decline through the month of December, hitting a low of $116.85 per hundredweight on Dec. 22, the 5-Area Accumulate Average Cattle Price has bumped up to $123.48 per hundredweight on Dec. 29.
The panel of cattle industry experts who make up the Monday Market Sentiment were optimistic, projecting the cash cattle price to hit $120.22 per hundredweight. This week, they expect the market to keep momentum and hit $127.21 per hundredweight.
Choice boxed beef rallied with the Holiday Season, jumping from $191.28 per hundredweight on Dec. 222 to $201.09 per hundredweight on Dec. 29.
Choice primal rib had another volatile week, dropping from $335.98 per hundredweight on Dec. 22 to $326.89 per hundredweight on Dec. 29.
Each week the Cattle Trader Center, 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 Scott Keeling.
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.