After a $4.15 decrease in the previous week, the 5-area cash cattle price is back on the climb, hitting $157.07 last week.

Our panel of cattle industry experts were within $0.50 of nailing the Monday Market Sentiment estimation with a guess of $157.57. This week the panel is predicting another increase, projecting it to be $159.03.

Choice boxed beef prices continue on a two-week skid, seeing a low of $237.66 on Friday and a high of $238.17 on Tuesday. The decrease has moved the 27-day average down $2.91 to $246.38.

Choice primal rib made huge drops last week after a previous volatile trend. Choice primal rib prices saw a $13.11 crash from the previous week’s high to last week’s high of $336.92 on Friday. The loss in momentum moved the 27-day average to $348.54.

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 Jeff Cox, Northwest Cattle Feeders. 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
  Primal Rib - Ch 335.78 336.92 -1.14
 
PRIMAL RIB - CH 10 DAYS 27 DAYS THIS YEAR
Average 341.76 348.54 333.94
High 350.03 356.63 388.24
Low 332.57 332.57 277.33
 
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Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.