The 5-Area Accumulated Average Cattle Price saw a huge jump this week from $133.21 on Feb. 22 to $136.13 on Feb. 29.
The panel of cattle industry experts who make up our Monday Market Sentiment were a little low with a prediction of $134.50 per hundredweight. This week, they seem more optimistic with an average guess of $137.32 per hundredweight.
Choice boxed beef slipped throughout the week, starting Feb. 24 at $217.72 per hundredweight, and ending March. 1 on $218.15 per hundredweight. The increase moved the 27-day average to $218.20 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 were Chris Hayes, Hayes Feed Yard, Inc.
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.