After a three-week slump in the USDA’s 5-Area Area Weekly Accumulated Average Cattle Price, cash cattle have bounced back from $159.55 per hundredweight in the previous week to $160.07 last week.

Our panel of cattle industry experts were close to $1 off, with an estimation of $159.07 per hundredweight. However, this week the panel projects the market to pick up, bringing $162.28 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 continued to decline from the previous week’s drop of $3.96 per hundredweight for a low of $244.07 per hundredweight, to a high of $243.11 per hundredweight on Tuesday, Feb. 3, to a low of $238.48 per hundredweight on Monday, Feb. 9. This moved the 27-day average to $251.26 per hundredweight.

Choice primal rib had a volatile week, after a low of $244.07 per hundredweight in the previous week, Feb. 3, kicked off last week at a $322.27 per hundredweight. By Thursday, Feb. 5, primal rib saw a high of $327.90 per hundredweight, and dropped to $323.47 per hundredweight the next day. This set the 27-day average at $332.25 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 Mark Engler, Cactus Feeders.

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
  Boxed Beef - Choice 238.48 239.08 -0.60
 
BOXED BEEF - CHOICE 10 DAYS 27 DAYS THIS YEAR
Average 242.92 251.26 251.26
High 247.70 263.81 263.81
Low 238.48 238.48 238.48
 
Chart
 
 
Data provided by iNet Solutions Group, Inc.
All commodity prices delayed 10 minutes.