After seeing slight increases in previous weeks the 5-area cash trade tipped last week, dropping from $161.05 to $156.90.

Our panel of cattle industry experts predicated only a short drop to $160.58, not underestimating the markets volatility. This week their predictions are lower than previous estimates, but higher than last week’s 5-area cash trade price, settling at $157.57.

Choice boxed beef prices were down from the previous week, steadily dropping as the week went on. Tuesday’s high of $247.64 ended on Monday’s low of $243.71. The drop moved the 27-day average down from $251.97 in the previous week to $249.29 last week.

Choice primal rib was unsteady last week, fluctuating from Thursday’s high of $350.03 to Monday’s low of $346.56. The price changes have moved the 27-day average to $351.52.

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 Terry Ryan, 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 243.02 243.71 -0.69
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 247.82 249.29 236.18
High 251.54 256.74 263.66
Low 243.02 243.02 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.