Monday Market Sentiment: cash cattle, choice primal rib heat up
Prices continue to climb for the 5-area cash cattle market after bouncing back from a month earlier this month. Last week, the 5-area cash cattle price tipped $171.42, up $1.36 from the previous week.
Our panel of cattle industry experts who make up the Monday Market Sentiment group predicted the increase, although underestimated the extent of the jump with a prediction of $170.81. This week our panel upped their estimations, however it’s still lower than last week’s price at $171.06.
Choice boxed beef continues to move forward, hitting a going from Tuesday’s low of $254.29 to Monday’s high of $255.70. The increase moved the 27-day average to $251.52.
- BeefTalk: We can do better
- More records set in cattle market
- Livestock industry will have strong rebound
- Cattle slaughter numbers down
- Feeder Cattle Review: Lighter runs, anxious farmer feeders
Monday Market Sentiment: $171.06
Last Week’s Trade: $171.42
This Week’s Winner:
Pat Knobbe, Knobbe Cattle Company, and Shelby Jones, Ranger Feeders
*Click here for contest rules