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.
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 email@example.com along with your name and company affiliation.