Average Cattle Prices move up in mid-December

The 5-Area Accumulated Average Cattle Price is moving back up this week after a decrease last week, jumping from $109.48 on December 12 up to $111.34 on December 19.

The panel of cattle industry experts who make up our Monday Market Sentiment came over in their guess last week with an average prediction of $112.32 per hundredweight. This week, the panel came in under with an average guess of $110.28 per hundredweight.

Feed cattle? Like predicting market trends? Have use for a $100 gift card from Cabela's? Then we want you. Click here to join our Monday Market Sentiment panel of cattle industry experts.

Choice boxed beef has seen an increase throughout the week, starting December 15 at $193.46 per hundredweight, and ending December 21 at $197.25 per hundredweight. This moved the 27-day average up to 189.17 per hundredweight.

Each week Beef Market Central, 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 Binns, Brookover Cattle Co.