The 5-Area Accumulated Average Cattle Price fell this week from $126.55 on April 26 to $123.78 on May 3.
The panel of cattle industry experts who make up our Monday Market Sentiment had an average guess of $127.08 per hundredweight. This week, they lowered their estimation to $123.95 per hundredweight.
Choice boxed beef saw a fall throughout the week, starting April 26 at $218.57 per hundredweight, and ending May 2 on $209.77 per hundredweight. The fall moved the 27-day average to $219.41 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 winners was Terry Ryan of JBS Five Rivers with a guess of $123.37.
Want to join the expert panel? Email your 5-area cash trade estimate by 10 a.m. CT each Tuesday to dwexler@Farmjournal.com along with your name and company affiliation.