After a two-week increase, the 5-Area Accumulated Average Cattle Price declined $1.18 per hundredweight to $160.75 per hundredweight last week.

Our panel of cattle industry experts who make up the Monday Market Sentiment projected the decline, estimating it to hit $161.21 per hundredweight. This week, the panel expects the price to continue to drop, reaching $159.88 per hundredweight.

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

Choice boxed beef continues to pick up during the start of the grilling season, jumping from $259.57 per hundredweight during the week ending May 11, to $260.96 per hundredweight by May 12. During the middle of the week on May 14, boxed beef hit a high of $264.74 per hundredweight, and leveled out at $262.92 per hundredweight by the end of the week on May 18. The price increases moved the 27-day average to $258.84 per hundredweight.

Choice primal rib also made significant gains throughout last week, starting off May 12 at $384.91 per hundredweight and hitting $387.11 per hundredweight by May 14. However, by the end of the week on May 18, prices had declined to $383.94 per hundredweight. The price movement set the 27-day average to $383.96 per hundredweight.

Each week the Cattle Trader Center, on behalf of Merck Animal Health, 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 Mike Binns, Brookover Cattle.

Want to join the expert panel? Email your 5-area cash trade estimate by 10 a.m. CT each Tuesday to lfagen@vancepublishing.com along with your name and company affiliation.