After a three-week climb, the 5-Area Weekly Accumulated Average Cattle Price is down from the previous week, with a drop of $2.43 per hundredweight for a price of $159.43 per hundredweight.
Our panel of cattle industry experts who make up the Monday Market Sentiment projected there to be another increase to $162.07 per hundredweight, missing the market shift by $2.64 per hundredweight. This week the panel estimates there to be another decrease in prices, with a projection of $158.87 per hundredweight.
Choice boxed beef prices increased at a steady pace throughout last week. On Feb. 17, choice boxed beef started the week at $239.12 per hundredweight, and finished on Feb. 23 at $241.08 per hundredweight. This moved the 27-day average to $245.14 per hundredweight.
Choice primal rib continued to make increases throughout last week. After making a jump of $8 per hundredweight jump in the previous week, choice primal rib started Feb. 17 off at $331.28 per hundredweight and ended the week on $335.41 per hundredweight.
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 Mike Binns, Brookover Cattle Co.
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.