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
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 email@example.com along with your name and company affiliation.