Monday Market Sentiment: 5-Area prices starts the New Year off bright

Monday Market Sentiment: 5-Area prices starts the New Year off bright

The year started bright for the 5-Area Accumulated Average Cattle Price, which jumped this week nearly $11 to hit $134.04.

Our panel of cattle industry experts who make up the Monday Market Sentiment were a little low, guessing an average price of $127.21 per hundredweight. This week, the panel is more optimistic with a guess of $135.52 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 jumped throughout the week, starting off on December 29 at $201.09 per hundredweight and increased to $218.06 per hundredweight by January 4. The largest increase was between Friday and Monday when prices jumped $5.47. The 27-day average price now rests at $201.97.

Choice primal rib saw a fall during the week. Last week, primal rib kicked off December 29 at $326.89 per hundredweight and ended Janurary 4 at $325.36 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 Keith Bryant, Reeve Cattle Company.

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.

 

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