The 5-Area Accumulated Average Cattle Price fell this week from $126.55 on April 26 to $123.78 on May 3.<p></p>
The panel of cattle industry experts who make up our Monday Market Sentiment had an average guess of <p></p>$12
There is considerable interest in what cattle prices will do heading into 2017 and throughout the year.
After passing through the U.S. House and Senate with bipartisan support, the Securing Our Agriculture and Food Act (H.R. 1238) last week moved to the President’s in-box for final approval.
Global beef trade is dynamic and trade levels rise and fall based on factors such as changes in currency valuation, areas of drought and global demand.
Prices were generally softer in December, especially for older and open females.
USDA's prospective planting report projects a large corn crop and resulted in a feeder cattle rally, but it could be a wolf in sheep's clothing.
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Beef imports are up, while exports have fallen.