After a two-week climb, the 5-area cash cattle market started to decline last week, dropping $3.07 from the previous week to $163.04.

Our panel of cattle industry experts had a tough week keeping up with a volatile market, estimating the 5-area cash cattle market to hit $167.38. This week, they’ve collectively dropped their bid, projecting the price to hit $162.94.

Feed cattle? Like predicting market trends? Have use for a $100 gift card from Cabelas? Then we want you. Click here to join our Monday Market Sentiment panel of cattle industry experts.

Choice boxed beef made huge leaps last week, jumping from a high of $249.36 from the previous midweek to $263.81 by Wednesday, Jan. 14. However, the price began to taper off, dropping to $259.49 by Monday, Jan. 19. The price increases also boosted the 27-day average, setting it at $249.81.

Choice primal rib continues to remain volatile. After settling to $332 on Friday, Jan. 9, it jumped back to $344.27 as a high on Wednesday, Jan. 14. By Monday, Jan. 19, choice primal rib prices had dropped back to $338.54. The price movement set the 27-day average at $348.96.

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 winners were Jim Gilmore, Cattle Empire, and Tracy Brunner, Cow Camp.

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
  Boxed Beef - Choice 259.42 260.45 -1.03
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 258.14 249.81 256.55
High 263.81 263.81 263.81
Low 250.33 238.57 247.83
 
Chart
 
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.