5-area cash trade made more progress last week, jumping from $154.58 in the previous week to $161.32 last week.

Our panel of cattle industry experts underestimated the amount the price would increase, predicting it would settle at $155.90. This week they increased their estimation to $161.75.

Choice boxed beef prices made steady increases throughout last week, with Tuesday’s $246.11 price ending on Monday’s high of $251.39, settling the 27-day average at $254.27.

Choice primal rib also gained momentum last week, increasing from Tuesday’s $350.67 price to Monday’s high of $356.63. This moved the 27-day average up slightly to $351.19.

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 Chris Hayes, Hayes Feedlot.

REPORT TODAY YESTERDAY DIFFERENCE
  Boxed Beef - Choice 251.39 248.67 2.72
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 248.06 254.27 235.52
High 251.39 263.66 263.66
Low 246.11 246.11 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.