Last week’s 5-area cash cattle price slowed from the previous week, dropping $0.10 to $163.83.

Our panel of cattle industry experts who make up our Monday Market Sentiment panel expected the cash cattle price to keep the previous week’s momentum, overestimating it to hit $164.49. This week out panel is predicting the price to hit $165.24

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 took off last week, hitting a high of $250.49 on Wednesday, $2.18 from the previous week’s high, and a low of $248.92 on Thursday. This price increase moved the 27-day average to $244.18.

Choice primal rib had a volatile week, fluctuating from $343.55 on Tuesday to $351.22 by Monday. Primal rib hit a high of $352.22 on Friday. The price movements placed the 27-day average at $343.97.

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 Wesley Davis, JBS Five Rivers.

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 249.84 249.16 0.68
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 248.13 244.18 236.89
High 250.49 250.49 263.66
Low 243.88 237.66 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.