After a slight drop in the previous week, 5-area cash cattle rallied, jumping from $163.83 to $169.04.

Our panel of cattle industry experts that make up the Monday Market Sentiment panel projected the increase, however were short in their estimations at setting the MMS on $165.24. This week, the panel upped their previous projections, predicting the price to hit $169.62.

Interested in joining the Monday Market Sentiment panel? Click here for more information. Weekly winners receive a $100 gift card to Cabelas, compliments of Merck Animal Health Feedyard Team.

Choice boxed beef prices remained steady from the previous week, seeing a high of $251 on Tuesday and a low of $247.41 on Friday. This price moved the 27-day average slightly up to $244.53.

Choice primal rib had another uneven week, jumping from Tuesday’s low of $351.29 to Wednesday’s high of $356.53, settling on $352.85 at the end of Monday. The price movement placed the 27-day average at $335.12.

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 Joe Kovanda, Bartlett Cattle.

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.

REPORT TODAY YESTERDAY DIFFERENCE
  Boxed Beef - Choice 249.20 247.41 1.79
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 249.47 244.53 237.19
High 251.00 251.00 263.66
Low 247.41 237.66 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.