Monday Market Sentiment: Cash cattle to gain with holiday near
Industry experts predict the cash market will rebound this week after losing $1.63 per cwt last week. This week’s sentiment expects the market will improve by $1.40 to $120.29 per cwt.
The Monday Market Sentiment is a forecast of the upcoming weekly cash trade (5-Area weighted average price) prices reported by the USDA. Cash cattle prices declined for the third consecutive week but our cattle industry experts say losses will cease in the week before Christmas. The 5-Area price fell $1.63 to $118.89 per cwt.
Cash sales were light last week and trading was quiet to start this week. Cattle feeding margins dipped as a result of the cash price decline. Futures prices began the week strongly as last Friday’s cattle on feed report showed higher-than-expected feedlot occupancy.
Each week the Cattle Trader Center, on behalf of Vance Publishing, 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 Terry Ryan, JBS Five Rivers.
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