After a small dip last week to $132.30 per hundredweight, the 5-Area Accumulated Average Cattle Price jumped back up to $133.24 per hundredweight.
The panel of cattle industry experts who make up our Monday Market Sentiment were pretty close with a prediction of $132.40 per hundredweight. This week, they slightly increased their estimation to $132.51 per hundredweight.
Choice boxed beef saw falls throughout the week, starting Jan. 12 at $235.18 per hundredweight, and ending Jan. 18 on $231.28 per hundredweight. The drop moved the 27-day average to $212.26 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 Mike Drinnin.
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.