Fed cattle prices keep gaining steam, with the 5-area cash cattle price peaking at $157.70, up $4.04 from the previous week.

Our panel of cattle industry experts estimated an increase in price to $154.34. This week they increased their projections to $157.49.

After prices of choice boxed beef caught fire in the previous weeks, the price has leveled off to a high of $248.18. The slight increase moved the 27-day average to $238.43. Choice primal rib prices also cooled after seeing a year-record high in the previous of $388.24 which carried over to Tuesday’s weekly high. Prices slowly declined throughout the week to Monday’s low of $377.81, moving the 27-day average to $369.42.

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 Jim Gillmore, Cattle Empire.

REPORT TODAY YESTERDAY DIFFERENCE
  Boxed Beef - Choice 248.18 248.12 0.06
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 246.13 238.43 229.33
High 248.18 248.18 248.18
Low 242.77 230.86 200.55
 
Chart
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.