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