This week the 5-Area Accumulated Average Cattle Price saw an increase after weeks of falling to hit $151.35.
Our panel of cattle industry experts who make up the Monday Market Sentiment guessed a bit low with $149.29 per hundredweight. This week, the panel projects the 5-Area price to increase to $151.63 per hundredweight.
Choice boxed beef dropped this week, starting off on June 30 at $253.22 per hundredweight and dropping to $247.65 per hundredweight by July 6. The largest fall was over the weekend from $250.12 on Friday to $247.65 on Monday. The fall moved the 27-day average to $250.78 per hundredweight.
Choice primal rib decreased throughout the week. Last week, primal rib kicked off June 30 at $350.90 per hundredweight and ended July 6 at $347.60 per hundredweight. The price movement set the 27-day average to $358 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 Joe Kovanda, Bartlett Cattle.
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.