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.

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