Cash cattle prices continue to increase, with the five area cash cattle price moving up to $152.17. This is a $1.33 jump from the previous week.
Our panel of Monday Market Sentiment cattle industry experts project prices to decline to $150.12.
After a slight increase last Wednesday, choice boxed beef saw a steady decline throughout the week, ending on $233.79 on Monday. This moves the 27-day average to $234.30. Choice primal rib continues to be sought after, ending on $331.89 on Monday. This moves the 27-day average to $312.94, $13.30 above the yearly average.
While estimated cattle slaughter numbers fluctuated throughout the week, numbers are trending up with the 27-day average moving from 110,778 in the previous week to 111,889 this week.
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 Mark Engler of Cactus Feeders.