This week the 5-Area Accumulated Average Cattle Price dropped drastically this week, falling from $159.43 last Monday to $155.54. 

Our panel of cattle industry experts who make up the Monday Market Sentiment shot too high with their estimation of $158.98 per hundredweight. This week, the panel projects the 5-Area price to increase to $156.19 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 steadily declined throughout last week, kicking off June 2 at $251.59 per hundredweight and declining to $244.11 per hundredweight by June 8. The boxed beef prices saw the largest decrease between Thursday June 3 and Friday June 5, dropping $3.83. The price decline moved the 27-day average to $257.40 per hundredweight.

Choice primal rib decreased throughout the week. Last week, primal rib kicked off June 2 at $371.71 per hundredweight and ended June 8 at $357.57 per hundredweight. June 5 saw the largest drop from $363.29 on June 4 to $355.58. The price movement set the 27-day average to $377.87. 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 Wayne Lee, Cattle Empire.

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.