After taking a $5.00 hit in the previous week to $154.77, the 5-area cash trade has slipped further down to $153.14 last week.  

Our panel of cattle industry experts predicted the price to increase to $155.03. This week they predict the 5-area cash trade to settle at $153.36.

For the week ending August 11, boxed beef prices were pushing $252.17. Last week, they topped out at Tuesday’s high of $252.19, slowly declining to Monday’s low of $249.69. The week’s price spread moved the 27-day average to $256.86.

After a fairly unpredictable past few weeks, choice primal rib leveled out last week, seeing Tuesday’s low of $348.37 and Thursday’s high of $352.35. This moved the 27-day average to $349.81.

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.

 

REPORT TODAY YESTERDAY DIFFERENCE
  Boxed Beef - Choice 249.69 249.77 -0.08
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 253.68 256.86 234.85
High 258.15 263.66 263.66
Low 249.69 248.45 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.