After a huge jump in fed cattle prices last week, the 5-area cash cattle price has fallen to $162.79.
Our panel of cattle industry experts estimated the price to fall to $162.47. This week, they project another decrease to $162.32.
Choice boxed beef prices are up $0.09 this week. Although it may not seem like much of an increase, the small jump keeps choice boxed beef on a continual increase since mid-June
Choice primal rib is up $5.46 after a closing price of $349.40 last Friday. The year average for choice primal rib is now $330.03.
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, Hayes Feedlot.