A monitoring system for a plurality of pressure pumps may include, for each pump, a strain gauge, a position sensor and a pressure transducer. A strain gauge may be positionable on each pump to generate a strain measurement corresponding to strain in each pump. A position sensor may be positionable on each pump to generate a position measurement corresponding to a position of a rotating member corresponding of each pump. A pressure transducer is positionable on each pump to generate a boost pressure measurement that is usable with the strain measurement and the position measurement to determine a cavitation threshold for each pump.