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Monday Market Sentiment: 5-area cash cattle price drops

Cash cattle prices continue a steady decline, dropping the 5-area cash cattle price down $2.66 from the previous week to $146.72.


The Monday Market Sentiment panel of cattle industry experts estimated a decline, but only to $148.36. This week, they project the decline to continue, dropping to $145.61.


Choice boxed beef prices strengthened from the previous week, seeing with Monday’s high of $229.06 up $6.54. The 27-day average is still declining, settling at $232.92. Choice primal rib saw huge increases throughout the week, hitting $337.63 on Monday. The weekly highs set the 27-week average at $327.25.


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INDUSTRY HEADLINES

 

 

Monday Market Sentiment: $148.36
Last Week’s Trade: $146.72
Change: $1.64

 

This Week’s Winner:
Terry Ryan, JBS Five Rivers

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