After a downward trend the past few weeks, the 5-area cash trade has bumped back up, moving from $153.14 to 154.58 last week.

Our panel of cattle industry experts predicted an increase to $153.36. This week they predict the price to make moderate increases to $155.90.

Choice boxed beef prices decreased from the previous week’s ending price of $249.69. Wednesday’s price of $248.48 gradually declined to Tuesday’s low of $246.11. The $2.37 decrease moved the 27-day average down slightly to $255.94.

Choice primal rib continues to remain volatile, making significant swings last week. Wednesday’s price of $351.54 dropped to $356.15 by Tuesday and back to $352.01 for Monday’s week high. This has moved the 27-day average up slightly to $350.77.

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 Joe Morgan of Poky Feeders.

REPORT TODAY YESTERDAY DIFFERENCE
  Boxed Beef - Choice 246.11 246.30 -0.19
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 248.96 255.94 235.20
High 252.91 263.66 263.66
Low 246.11 246.11 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.