The 5-area cash cattle market continues on a two-week skid after dropping from $163.04 in the previous week to $157.65 last week.

Our panel of cattle industry experts predicted the drop, however underestimated the volatility of the market with an estimation of $162.94. This week, they’re optimistic, predicting the 5-area cash cattle price to hit $159.55.

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.

After making huge leaps in the week of Jan. 13 to $263.81, choice boxed beef saw a drop of $12.40 by the following Monday, Jan. 26, to $251.41.  The previous week’s price rally is still carrying the 27-day average to $251.48.

Choice primal rib had another volatile week, ending Jan. 26 on an unsteady $336.10. Primal rib saw a drop from Tuesday, Jan. 20, with a price of $337.20, to a $4.75 drop two days later. This has helped set the 27-day average to $339.89.

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 Terry Ryan, JBS 5-Rivers.

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
  Primal Rib - Ch 336.10 335.00 1.10
 
PRIMAL RIB - CH 10 DAYS 27 DAYS THIS YEAR
Average 338.64 339.89 336.20
High 344.27 361.79 344.27
Low 332.45 329.81 329.81
 
Chart
 
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.