This week the 5-Area Accumulated Average Cattle Price fell to its lowest this year, hitting $148.81.
Our panel of cattle industry experts who make up the Monday Market Sentiment shot a bit too high with a guess of $151.06 per hundredweight. This week, the panel projects the 5-Area price to increase to $149.29 per hundredweight.
Choice boxed beef fell this week, starting off on June 24 at $256.12 per hundredweight and dropping to $252.73 per hundredweight by June 30. The price increase moved the 27-day average to $251.98 per hundredweight.
Choice primal rib decreased throughout the week. Last week, primal rib kicked off June 24 at $356.34 per hundredweight and ended June 30 at $352.73 per hundredweight. There was a slight increase in the week from Monday to Tuesday when prices increased $1.83 to hit $352.73. The price movement set the 27-day average to $361.65 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 Steve Landgraf, Lakin Feedyard
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.