The 5-Area Accumulated Average Cattle Price slightly increased this week from $133.91 on April 12 to $133.97 on April 19.
The panel of cattle industry experts who make up our Monday Market Sentiment had an average guess of $135.04 per hundredweight. This week, they decreased their estimation to $132.39 per hundredweight.
Choice boxed beef increased throughout the week, starting April 12 at $219.31 per hundredweight, and ending April 18 on $224.88 per hundredweight. The fall moved the 27-day average to $223.77 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 Adam Jimison, Bartlett Cattle Co.
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.