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.

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.

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 cmies@vancepublishing.com along with your name and company affiliation.

 
REPORT TODAY YESTERDAY DIFFERENCE
  Primal Rib - Ch 335.41 335.37 0.04
 
PRIMAL RIB - CH 10 DAYS 27 DAYS THIS YEAR
Average 330.77 330.38 331.85
High 335.41 341.58 344.27
Low 325.63 321.14 321.14
 
Chart
 
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.