Monday Market Sentiment: Choice primal rib prices tank

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

After a $1.83 drop in fed cattle prices in the previous week, the 5-area cash cattle price has risen to $156.04.

Our panel of cattle industry experts estimated the price to continue to decline to $154.82. This week, they project an increase to $156.69.

Choice boxed beef prices are down from the previous week, with a low of $248.45 on Friday and a high of $250.53 on Tuesday. The $1.63 decrease moved the 27-day average to $245.25.

Choice primal rib continues to decline, dropping significantly throughout the week. Tuesday saw a high of $371.75 and dropped to $345.50 by Monday. Market high prices were seen towards the first of the month, and the $26.25 tank in the week moved the 27-day average down to $371.60.

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 Steve Landgraf, Lakin Feedyard.  


REPORT TODAY YESTERDAY DIFFERENCE
  Primal Rib - Ch 345.50 341.98 3.52
 
PRIMAL RIB - CH 10 DAYS 27 DAYS THIS YEAR
Average 364.21 371.60 328.62
High 379.15 388.24 388.24
Low 341.98 341.98 277.33
 
Chart
 

Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Brutus®

Brutus is the first side-by-side utility vehicle in the market to deliver front-end power take-off capability. Each Brutus model is ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight