After a $1.36 jump in the previous week, the 5-area cash cattle market bumped up $0.24 to last week’s price of $171.66.
Our panel of cattle industry experts who make up our Monday Market Sentiment were $0.60 shy of hitting the mark with an estimation of $171.06. This week the panel expects the market to cool down, estimating the 5-area cash cattle price to slightly drop to $170.97.
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Choice boxed beef made some significant leaps last week, progressively moving from Tuesday’s low of $255.70 to Monday’s high of $257.48. The increase moved the 27-day average from $251.52 in the previous week to $252.60 last week.
After making huge jumps in the previous week, choice primal rib continues to see progress. The previous Friday saw a high of $403.30 which moved to last week’s high on Thursday to $406.82. However, this dropped to $398.48 by Monday. The price movement sent the 27-day average upward to $378.17 from the previous week’s price of $370.79.
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 Tom Brink, 5 Rivers.
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.