Monday Market Sentiment: 5-Area price drops again

The 5-Area Accumulated Average Cattle Price saw a drop from $120.82 on June 21 to $116.64 on June 28.

The panel of cattle industry experts who make up our Monday Market Sentiment predicted $124.68 per hundredweight. This week, they seem less optimistic with an average guess of $118.44 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 decreased throughout the week, starting June 22 at $217.08 per hundredweight, and ending June 28 on $208.04 per hundredweight. The increase moved the 27-day average to $221.76 per hundredweight.

Each week the 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 winners were Joe Morgan with a guess of $116.56 and Andrea Kitch with a guess of $116.72.

Want to join the expert panel? Email your 5-area cash trade estimate by 10 a.m. CT each Tuesday to

[email protected]

along with your name and company affiliation.