This week the 5-Area Accumulated Average Cattle Price continued its five-week drop this week, dropping $2.01 from $155.54 last week to $153.53.
Our panel of cattle industry experts who make up the Monday Market Sentiment guessed a little too high with their estimation of $156.19 per hundredweight. This week, the panel projects the 5-Area price to increase to $153.21 per hundredweight.
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 Steve Landgraf, Lakin Feedyard.
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.