The 5-area cash cattle price kept its momentum from last week, jumping from $160.69 in the previous week to $163.93.

Our Monday Market Sentiment panel of cattle industry experts predicted the increase, although fell short at estimating how high the market would go, guessing the MMS to settle on $160.76. This week, they’ve upped their estimate to $164.49.

Choice boxed beef prices bounced back after seeing a high of $241.36 in the previous week. This week choice boxed beef steadily climbed from Tuesday’s low of $243.88 to Monday’s high of $248.31. The increase moved the 27-day average to $244.41.

Choice primal rib prices slowly increased throughout last week, increasing from $343.45 on Tuesday to $347.66 by Friday. However, prices dropped to $344.91 by Monday. The price movement set the 27-day average at $345.07.

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 Paul Woydziak, ILS Beef.

Want to join the expert panel? Email your 5-area cash trade estimate by 10 a.m. CT each Tuesday to cmies@vancepublishing.com along with your name and company affiliation.

EPORT TODAY YESTERDAY DIFFERENCE
  Boxed Beef - Choice 248.31 247.67 0.64
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 242.78 244.41 236.57
High 248.31 251.54 263.66
Low 238.03 237.66 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.