After a three-week slump in the USDA’s 5-Area Area Weekly Accumulated Average Cattle Price, cash cattle have bounced back from $159.55 per hundredweight in the previous week to $160.07 last week.
Our panel of cattle industry experts were close to $1 off, with an estimation of $159.07 per hundredweight. However, this week the panel projects the market to pick up, bringing $162.28 per hundredweight.
Choice boxed beef prices continued to decline from the previous week’s drop of $3.96 per hundredweight for a low of $244.07 per hundredweight, to a high of $243.11 per hundredweight on Tuesday, Feb. 3, to a low of $238.48 per hundredweight on Monday, Feb. 9. This moved the 27-day average to $251.26 per hundredweight.
Choice primal rib had a volatile week, after a low of $244.07 per hundredweight in the previous week, Feb. 3, kicked off last week at a $322.27 per hundredweight. By Thursday, Feb. 5, primal rib saw a high of $327.90 per hundredweight, and dropped to $323.47 per hundredweight the next day. This set the 27-day average at $332.25 per hundredweight.
Each week the Cattle Trader Center, on behalf of Vance Publishing, 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 Mark Engler, Cactus Feeders.
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.