Cash fed cattle prices bounced back some last week after declining more-or-less steadily since the first week of April. That week, the 5-Area weekly weighted average steer price (live basis) worked out to $167.57. Two weeks ago, the 5-Area steer price bottomed out at $145.48. That is a decline from spring high to summer low (tentatively, at least) of 13.2 percent.
Choice boxed beef slipped on from Monday to Tuesday from $233.66 to $233.18. The 48-cent drop brought the 27-day average price to $239.03. Select boxed beef fell hard as well, dropping $1.16 to hit $227.95. The 27-day average price is now at $235.56.
Choice primal chuck saw the largest fall of the primal cuts, dropping $2.59 to hit $193.09. Choice primal round was close behind, falling $1.86. Choice primal loin increased $2.18 on Tuesday to hit $310.72.
Choice boxed beef prices rose 39 cents over the weekend from $233.27 to $233.66. The increase brought the 27-day average price to $239.87. Select boxed beef fell from $229.69 to $229.11, a 58-cent drop bringing the 27-day average price to $236.43.
Choice primal round saw the largest increase over the weekend of $1.52 to hit $221.54. Choice primal short plate had the largest fall of 75 cents, with choice primal brisket right behind at 74 cents.