The price for 5-area cash cattle rebounded slightly last week, hitting $162.05 after falling to $158.38 the previous week.

Our panel of cattle industry experts predicted a slight increase, projecting the 5-area to reach $160.07. This week the Monday Market Sentiment panel projects the market to continue to make gains, reaching $164.04.

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 saw gains this week, starting with a low of $239.23 on Tuesday and reaching a high of $245.37 on Monday. The 27-day average for choice boxed beef continues to fall, dropping to $250.13 from $251.03 last week.

Choice primal rib continued its decline again last week, hitting a low of $341.38 on Monday after hitting the week-high price of $345.47 on Friday. The 27-day average has dropped to $382.91.

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 John Butler, Beef Marketing Group.

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.