USDA’s 5-Area Accumulated Average Cattle Price in on an upward trend, continuing a four-week strong increase. Last week, the cattle price hit $163.63 per hundredweight, up a solid $2.45 per hundredweight from the previous week ending March 13.
Our panel of cattle industry experts who make up the Monday Market Sentiment were off with their projection of a decrease to $160.73 per hundredweight. However, this week, they’ve upped their bid to $163.85 per hundredweight.
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After a volatile month, choice boxed beef continues to decline, dropping $1.25 per hundredweight throughout last week. Choice boxed beef kicked off March 17 at $247.04 per hundredweight, and ended March 23 on $245.79 per hundredweight. This moved the 27-day average to an even $245 per hundredweight.
Choice primal rib held another strong week, rounding off a four-week increase with a high of $370.45 per hundredweight on March 19. Last week kicked off at $366.34 per hundredweight and ended on March 23 at $367.63 per hundredweight. The week high is $7.55 per hundredweight more than the previous week’s high of $363 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 Joe Kovanda, Bartlett Cattle.
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.