After a large jump in the previous week, 5-area cash cattle fell this week from $169.04 to $167.52.
Our panel of cattle industry experts that make up the Monday Market Sentiment panel projected an increase, however, this week, numbers fell. Their estimations set the MMS at $169.62, while 5-area cash cattle actually fell. This week, the panel lowered their projections, predicting the price to hit $166.62.
Choice boxed beef prices were steady this past week, seeing a high of $253.63 on Wednesday and a low of $250.73 on Monday. This price moved the 27-day average slightly up to $246.62.
Choice primal rib had another uneven week, jumping from Tuesday’s low of $356.22 to Monday's high of $362.83. The price movement raised the 27-day average to $348.28.
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 Tom Brink, Five Rivers Cattle Feeding.
Want to join the expert panel? Email your 5-area cash trade estimate by 10 a.m. CT each Tuesday to firstname.lastname@example.org along with your name and company affiliation.
|Primal Rib - Ch||362.83||361.14||1.69|
|PRIMAL RIB - CH||10 DAYS||27 DAYS||THIS YEAR|