The 5-area cash cattle price rose to $170.06 this week, gaining more than $3 in a week. After dropping the last two weeks, prices have bounded back.
Our panel of Monday Market Sentiment cattle industry experts were almost modest with their predictions, guessing that the cash cattle would hit only $167.52. This week the panel is optimistic, estimating the price to rise to $170.81.
Choice boxed beef prices have been on the rise this week. Prices hit a high of $254.27 on Monday. This moved the 27-day average to $250.39.
Choice primal rib made huge leaps during the week of Nov. 11, starting at $381.79 on Tuesday and hitting a low of $375.97 on Thursday. By Monday, prices hit a high of $394.51. This moved the 27-day average to $361.88.
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 Joe Kovanda, Bartlett Cattle.
Want to join the expert panel? Email your 5-area cash trade estimate by 10 a.m. CT each Tuesday to firstname.lastname@example.org along with your name and company affiliation.
|Primal Rib - Ch||394.51||391.58||2.93|
|PRIMAL RIB - CH||10 DAYS||27 DAYS||THIS YEAR|