Cash cattle prices increased from last week with the five area cash cattle moving to $150.84.
Our panel of Monday Market Sentiment cattle industry experts project prices to decline and move down to $149.49.
Choice boxed beef fluctuated throughout the week, hitting a high on $244.06, but ending on Monday at $240.16. This moves the 27-day average to $229.42. The cut seeing the greatest steady price increase over the course of the week was choice primal short plate with a $5.16 rise, ending Monday at $173.35.
Estimated cattle slaughter continues to be on the rise with the high beef demand season on the horizon. After moving above the 27-day average in the previous week, slaughter numbers fluctuated during the week and settled at 115,000 head on Monday. This brings the 27-day average up to a year high of 110,778.
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 of Hayes Feedlot.