Monday Market Sentiment: 5-Area price sees a slight increase

After a small dip last week to $132.30 per hundredweight, the 5-Area Accumulated Average Cattle Price jumped back up to $133.24 per hundredweight.

The panel of cattle industry experts who make up our Monday Market Sentiment were pretty close with a prediction of $132.40 per hundredweight. This week, they slightly increased their estimation to $132.51 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 saw falls throughout the week, starting Jan. 12 at $235.18 per hundredweight, and ending Jan. 18 on $231.28 per hundredweight. The drop moved the 27-day average to $212.26 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 Mike Drinnin.

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

lfagen@farmjournal.com

along with your name and company affiliation.