Cattle Current Market Update with Wes Ishmael
979 episodes - English - Latest episode: 12 days ago - ★★★★★ - 37 ratingsDaily Cattle Market News
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Episodes
Cattle Current Podcast—Apr. 18, 2024
April 17, 2024 23:03 - 6 minutes - 5.31 MBCattle futures drifted Wednesday as traders awaited cash direction. Likely, there was added hesitancy ahead of Friday monthly Cattle on Feed report. Estimates see placements being 8% less year over year and marketings down 12% for an April 1 inventory about 2% higher. At the close and before final settlement, Live Cattle futures mixed, [...]
Cattle Current Podcast—Apr. 17, 2024
April 16, 2024 23:10 - 5 minutes - 4.33 MBCattle futures continued higher Tuesday for the second consecutive session, perhaps establishing a bottom. At the close and before final settlement, Live Cattle futures were an average of $1.59 higher. Feeder Cattle futures were an average of $2.38 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions [...]
Cattle Current Podcast—Apr. 16, 2024
April 16, 2024 00:41 - 8 minutes - 6.87 MBCattle futures bounced back some Monday with likely short covering. At the close and before final settlement, Live Cattle futures were an average of $1.86 higher. Feeder Cattle futures were an average of $3.51 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according [...]
Cattle Current Podcast—Apr. 15, 2024
April 14, 2024 22:22 - 7 minutes - 6.1 MBCattle futures sank lower Friday with pressure including the bounce higher in grain futures, more cases of Bovine Influenza A Virus in dairy cattle and struggling outside markets. Live Cattle futures closed an average of $2.39 lower. Feeder Cattle futures closed an average of $3.27 lower. Week to week on Friday, Live Cattle futures [...]
Cattle Current Podcast—Apr. 12. 2024
April 12, 2024 00:59 - 7 minutes - 5.66 MBCattle futures were higher into the close and before settlement on Thursday, despite steady to lower early cash fed cattle prices and recently weaker wholesale beef values. Live Cattle futures were an average of 56¢ higher. Feeder Cattle futures were an average of 95¢ higher. Negotiated cash fed cattle trade ranged from slow on [...]
Cattle Current Podcast—Apr. 11, 2024
April 11, 2024 01:39 - 4 minutes - 3.91 MBCattle futures lost more ground Wednesday with pressures including heavy carcass weights and announced import restrictions by some states on cattle from states with confirmed cases of Bovine Influenza A Virus (BIAV). At the close and before final settlement, Live Cattle futures were an average of $1.57 lower. Feeder Cattle futures were an average [...]
Cattle Current Podcast—Apr. 10, 2024
April 10, 2024 00:56 - 4 minutes - 3.66 MBCattle futures gained some Tuesday with a likely technical bounce. At the close and before final settlement, Live Cattle futures closed an average of $1.26 higher, while Feeder Cattle futures closed an average of $1.94 higher. Negotiated cash fed cattle trade was at a standstill through in all major cattle feeding regions through Tuesday [...]
Cattle Current Podcast—Apr. 9, 2024
April 09, 2024 00:15 - 6 minutes - 5.32 MBHigher wholesale beef values helped Live Cattle futures firm on Monday. Live Cattle closed an average of 67¢ higher. Feeder Cattle futures closed an average of 50¢ lower, except for $1.45 higher in spot Apr. Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Monday afternoon, according [...]
Cattle Current Podcast—Apr. 8, 2024
April 07, 2024 19:48 - 7 minutes - 5.66 MBCattle futures plumbed lower Friday with continued concerns about Highly Pathogenic Avian Influenza in dairy cattle. Live Cattle closed an average of $3.08 lower ($2.70 to $3.80 lower). Feeder Cattle futures closed an average of $4.96 lower ($3.92 to $5.85 lower). Negotiated cash fed cattle trade ranged from moderate on moderate demand in the [...]
Cattle Current Podcast—Apr. 5, 2024
April 05, 2024 19:49 - 5 minutes - 4.66 MBNegotiated cash fed cattle trade was slow on light demand in the North through Thursday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices are $2-$3 lower at $187/cwt. Dressed delivered prices are $3-$5 lower in Nebraska at $296-$297 and $2-$3 lower in the western Corn Belt at $297. Trade [...]
Cattle Current Podcast—Apr. 4, 2024
April 03, 2024 22:52 - 6 minutes - 4.98 MBCattle futures closed lower Wednesday with pressure including softer early cash fed cattle prices, weakening wholesale beef values and continued uncertainty tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans. Live Cattle closed an average of 74¢ lower. Feeder Cattle futures closed an average of $2.05. [...]
Cattle Current Podcast—Apr. 3, 2024
April 03, 2024 03:15 - 6 minutes - 5.06 MBCattle futures firmed and clawed back a little ground without much conviction on Tuesday after being hammered by panic selling in the previous session, tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans. Live Cattle closed an average of $1.02 higher (50¢ to $1.70 higher). Feeder [...]
Cattle Current Podcast—Apr. 2, 2024
April 02, 2024 01:45 - 8 minutes - 6.61 MBCattle futures, already weakened by last week's lower cash fed cattle trade and Choice wholesale beef values, crumbled Monday with another round of panic selling tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans (see below). Live Cattle closed an average of $4.91 lower (45¢ lower [...]
Cattle Current Podcast—Apr. 1, 2024
March 30, 2024 22:59 - 7 minutes - 6.1 MBFutures and equity markets were closed on Friday, in observance of Good Friday. Although Cattle futures firmed at the end of weekly trade, they ended sharply lower week to week, due in part to the previous Friday’s monthly Cattle on Feed report. As mentioned in Cattle Current, feedlot placements in February were 9.7% more [...]
Cattle Current Podcast—Mar. 29, 2024
March 28, 2024 23:33 - 7 minutes - 5.91 MBCattle futures gained Thursday, recovering more of the early-week losses as traders positioned for the end of the week and quarter, and ahead of a long weekend. Live Cattle closed an average of $1.49 higher. Feeder Cattle futures closed an average of 89¢ higher, except for 30¢ lower in expiring Mar. Negotiated cash fed [...]
Cattle Current Podcast—Mar. 28, 2024
March 28, 2024 01:22 - 5 minutes - 4.47 MBCattle futures firmed Wednesday. Feeder Cattle futures closed an average of 91¢ higher (32¢ to $1.42 higher). Live Cattle closed an average of 27¢ higher, except for 15¢ lower in the back contract. Negotiated cash fed cattle trade on Wednesday ranged from a standstill to slow on light demand in Kansas where FOB live [...]
Cattle Current Podcast—Mar. 27, 2024
March 27, 2024 00:06 - 5 minutes - 4.37 MBCattle futures sank Tuesday amid uncertainty spun by negative and potentially negative news. Closest to home, Monday's announced confirmation of highly pathogenic avian influenza (HPAI) in dairy cattle from herds in Kansas and Texas likely drew the attention of funds and algorithms. The infections appear to be tied to wild birds. There is no [...]
Cattle Current Podcast—Mar. 26, 2024
March 26, 2024 00:22 - 6 minutes - 5.59 MBCattle futures closed lower Monday, with pressure including Friday's bearish monthly Cattle on Feed report. Live Cattle closed an average of $1.09 lower (67¢ to $1.52 lower). Feeder Cattle futures closed an average of $1.60 lower (50¢ to $2.37 lower). Negotiated cash fed cattle trade was at a standstill in all major cattle feeding [...]
Cattle Current Podcast—Mar. 25, 2024
March 24, 2024 22:29 - 6 minutes - 5.12 MBCattle futures closed lower Friday, with likely positioning ahead of what turned out to be a bearish monthly Cattle on Feed report (see below). Live Cattle closed an average of $1.63 lower (87¢ to $2.00 lower). Feeder Cattle futures closed an average of $3.24 lower (92¢ to $4.30 lower). Negotiated cash fed cattle trade [...]
Cattle Current Podcast—Mar. 22, 2024
March 22, 2024 00:56 - 6 minutes - 5.46 MBNegotiated cash fed cattle trade was moderate on moderate to good demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $2 higher in the Southern Plains at $188/cwt., $2-$3 higher in Nebraska at $190 (a few up to $191) and $2-$3 higher in [...]
Cattle Current Podcast—Mar. 21, 2024
March 20, 2024 23:49 - 6 minutes - 5.56 MBCattle futures closed slightly lower Wednesday, basically in a holding pattern ahead of weekly cash fed cattle trade and Friday’s monthly Cattle on Feed report. Live Cattle closed an average of 37¢ lower. Feeder Cattle futures closed an average of 36¢ lower. Negotiated cash fed cattle trade ranged from slow on light demand to [...]
Cattle Current Podcast—Mar. 20, 2024
March 20, 2024 00:15 - 6 minutes - 4.81 MBCattle futures closed narrowly mixed as traders appeared to wait for the week’s cash direction and looking toward Friday’s monthly Cattle on Feed report. Live Cattle narrowly mixed, from an average of 38¢ lower in the front four contracts to an average of 21¢ higher. Feeder Cattle futures closed narrowly mixed, from an average [...]
Cattle Current Podcast—Mar. 19, 2024
March 19, 2024 01:44 - 8 minutes - 6.87 MBStrong cash fed cattle prices and higher wholesale beef values helped Cattle futures extend gains Monday. Live Cattle futures closed an average of $1.38 higher (70¢ higher at the back to $1.80 higher toward the front). Feeder Cattle futures closed an average of $2.40 higher ($1.92 to $3.12 higher). Choice boxed beef cutout value [...]
Cattle Current Podcast—Mar. 18, 2024
March 17, 2024 00:29 - 7 minutes - 5.88 MBNegotiated cash fed cattle trade was moderate on moderate demand in all major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were $1 higher in the Southern Plains at $186/cwt., $2.00 higher in Nebraska at $187-$188 and $3 higher in the western Corn belt [...]
Cattle Current Podcast—Mar. 15, 2024
March 15, 2024 01:08 - 6 minutes - 5.28 MBCattle futures closed sharply lower Thursday in an outside day with apparent technical pressure. Live Cattle futures closed an average of $2.18 lower ($1.85 to $2.97 lower). Feeder Cattle futures closed an average of $3.89 lower ($2.80 to $4.67 lower). Negotiated cash fed cattle trade was slow on light to moderate demand in the [...]
Cattle Current Podcast—Mar. 14, 2024
March 14, 2024 01:26 - 6 minutes - 5.54 MBCattle futures closed higher Wednesday with prospects of higher cash trade again this week. Live Cattle futures closed an average of $1.42 higher ($1.17 to $2.10 higher) amid heavy volume. Feeder Cattle futures closed an average of $1.84 higher ($1.30 higher at the front to $2.17 higher at the back). Negotiated cash fed cattle [...]
Cattle Current Podcast—Mar. 13, 2024
March 12, 2024 22:48 - 5 minutes - 4.21 MBCattle futures gained Tuesday with support from higher-trending wholesale beef prices and last week's stronger cash trade. Live Cattle futures closed an average of 64¢ higher. Feeder Cattle futures closed an average of 92¢ higher (57¢ to $1.32 higher). Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill [...]
Cattle Current Podcast—Mar. 12, 2024
March 12, 2024 01:23 - 6 minutes - 4.85 MBNegotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $2 higher in the Southern Plains at $185/cwt., $1.50-$2.00 higher in Nebraska at $185-$186 and $2 higher in the western Corn Belt at $185-$186. [...]
Cattle Current Podcast—Mar. 11, 2024
March 09, 2024 23:42 - 9 minutes - 7.37 MBNegotiated cash fed cattle trade was slow on light demand in all major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were $2 higher in the Southern Plains at $185/cwt., $1.50-$2.00 higher in Nebraska at $185-$186 and $2 higher in the western Corn Belt [...]
Cattle Current Podcast—Mar. 8, 2024
March 08, 2024 01:39 - 6 minutes - 5.56 MBCattle futures closed higher Thursday, buoyed by stronger cash fed cattle prices. Live Cattle futures closed an average of $1.11 higher. Feeder Cattle futures closed an average of 84¢ higher (42¢ to $1.12 higher), except for unchanged in spot Mar. Negotiated cash fed cattle trade in the Southern Plains through Thursday afternoon ranged from [...]
Cattle Current Podcast—Mar. 7, 2024
March 07, 2024 00:08 - 7 minutes - 5.84 MBNegotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service. Last week, FOB live prices were $183/cwt. in the Southern Plains, $183-$184.50 in Nebraska and $183-$184 in the western Corn Belt. Dressed delivered prices [...]
Cattle Current Podcast—Mar. 6, 2024
March 06, 2024 01:53 - 4 minutes - 3.9 MBCattle futures moved ahead Tuesday, mostly erasing losses from the previous session. Live Cattle futures closed an average of 81¢ higher (52¢ to $1.32 higher). Feeder Cattle futures closed an average of $1.12 higher (75¢ to $1.50 higher). Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through [...]
Cattle Current Podcast—Mar. 5, 2024
March 05, 2024 01:47 - 7 minutes - 5.66 MBCattle futures took a breather Monday as traders appeared to await further cash direction. Live Cattle futures closed an average of 80¢ lower (32¢ to $1.77 lower). Feeder Cattle futures closed an average of $1.47 lower (80¢ to $2.40 lower). Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to [...]
Cattle Current Podcast—Mar. 4, 2024
March 04, 2024 00:04 - 9 minutes - 7.73 MBNegotiated cash fed cattle trade ranged from slow on light demand to mostly inactive on light demand through Friday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service. For the week, FOB live prices were steady to $1 higher in the Southern Plains at $183/cwt., steady to $1.50 higher in [...]
Cattle Current Podcast—March 1, 2024
March 01, 2024 02:42 - 6 minutes - 5.5 MBCattle futures continued a downward correction Thursday. Live Cattle futures closed an average of 60¢ lower. Feeder Cattle futures closed an average of 93¢ lower (37¢ to $1.85 lower). Negotiated cash fed cattle trade ranged from slow on light demand to moderate on moderate demand through Thursday afternoon, according to the Agricultural Marketing Service. [...]
Cattle Current Podcast—Feb. 29, 2024
February 29, 2024 01:02 - 8 minutes - 6.67 MBCattle futures softened Wednesday with pressure including likely profit taking and month-end positioning. Live Cattle futures closed an average of $1.13 lower (80¢ to $1.60 lower). Feeder Cattle futures closed an average of $2.80 lower ($2.12 to $3.85 lower). Negotiated cash fed cattle trade was slow on light demand in the Southern Plains, through [...]
Cattle Current Podcast—Feb. 28, 2024
February 28, 2024 00:41 - 3 minutes - 3.03 MBCattle futures basically paddled in place Tuesday, awaiting the week's cash direction. Live Cattle futures closed an average of 33¢ lower. Feeder Cattle futures closed narrowly mixed, from an average of 14¢ lower in three contracts to an average of 16¢ higher. Negotiated cash fed cattle trade ranged from mostly inactive on light demand [...]
Cattle Current Podcast—Feb. 27, 2024
February 26, 2024 23:25 - 6 minutes - 5.6 MBOverall, futures traders seemed to look past the bearish placement number in Friday's monthly Cattle on Feed report, seeming instead to focus on strong fundamentals, including last week's higher cash fed cattle trade. However, the bounce higher in Corn futures helped dampen Feeder Cattle futures. Live Cattle futures closed an average of 26¢ higher, [...]
Cattle Current Podcast—Feb. 26, 2024
February 25, 2024 23:20 - 8 minutes - 6.83 MBCattle futures renewed gains Friday, supported by stronger cash fed cattle prices and perhaps positioning ahead of the Cattle on Feed report (see below). Live Cattle futures closed an average of $1.31 higher ($1.00 higher at the back to $2.10 higher in spot Feb). They were an average of $1.19 higher week to week [...]
Cattle Current Podcast—Feb. 23, 2024
February 23, 2024 00:18 - 7 minutes - 6.16 MBCattle futures softened Thursday with likely positioning ahead of Fridays monthly Cattle on Feed report. Many expect the report to indicate a sharp decline in feedlot placement, about 12% less year over year in January, based on average analyst estimates. January marketing are estimated to be about even, while the Feb. 1 on-feed inventory [...]
Cattle Current Podcast—Feb. 22, 2024
February 22, 2024 00:50 - 7 minutes - 5.7 MBCattle futures continued to crawl mostly higher Wednesday. Live Cattle futures closed an average of 44¢ higher, except for 42¢ lower in spot Feb. Feeder Cattle futures closed an average of 45¢ higher, except for an average of 20¢ lower in two contracts. Negotiated cash fed cattle trade ranged from a standstill in the [...]
Cattle Current Podcast—Feb., 21, 2024
February 21, 2024 00:46 - 6 minutes - 5.18 MBCattle futures closed mostly higher Tuesday, supported by positive fundamentals. Live Cattle futures closed average of 58¢ higher, except for an average of 30¢ lower in the front two contracts. Feeder Cattle futures closed an average of $2.22 higher, except for 35¢ higher in spot Mar. Negotiated cash fed cattle trade ranged from a [...]
Cattle Current Podcast—Feb. 20, 2024
February 20, 2024 01:30 - 6 minutes - 5.48 MBFutures and equity markets were closed Monday in observance of President's Day. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $2 lower in the Southern Plains at $180/cwt., unevenly steady in Nebraska [...]
Cattle Current Podcast—Feb. 19, 2024
February 18, 2024 01:13 - 9 minutes - 7.4 MBCattle futures rallied higher Friday helped along by recently stronger wholesale beef values. Live Cattle futures closed average of $1.11 higher (65¢ to $1.95 higher). Feeder Cattle futures closed an average of $1.67 higher (50¢ higher at the back to $3.32 higher at the front). Negotiated cash fed cattle trade ranged from mostly inactive [...]
Cattle Current Podcast—Feb. 16, 2024
February 16, 2024 00:49 - 7 minutes - 5.7 MBLive Cattle futures closed higher Thursday, supported by firmer wholesale beef values and more reprieve in Corn futures. Live Cattle futures closed average of 64¢ higher (17¢ higher at the back to $1.60 higher toward the front). Feeder Cattle futures closed an average of 57¢ lower, except for an average of 75¢ higher in [...]
Cattle Current Podcast—Feb. 15, 2024
February 15, 2024 02:05 - 7 minutes - 5.98 MBOverbought conditions, seasonally lower wholesale beef values, early cash fed cattle sales at lower money and the previous day’s surprisingly strong Consumer Price Index all weighed on Cattle futures Wednesday. Feeder Cattle futures closed an average of $2.43 lower. Live Cattle futures closed an average of $1.57 lower. Negotiated cash fed cattle trade ranged [...]
Cattle Current Podcast—Feb. 14, 2024
February 14, 2024 02:40 - 5 minutes - 4.79 MBCattle futures softened Tuesday with pressure from outside markets and likely profit taking. Feeder Cattle futures closed an average of $1.07 lower. Live Cattle futures closed an average of 73¢ lower. Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing [...]
Cattle Current Podcast—Feb. 12, 2024
February 11, 2024 01:36 - 9 minutes - 7.57 MBCattle futures eased Friday as traders appeared to take a break from the week's strong gains and awaiting cash fed cattle direction which ultimately proved positive. Feeder Cattle futures closed an average of $1.23 lower (15¢ to $2.45 lower) except for 30¢ higher in spot Mar. Live Cattle futures closed an average of 25¢ [...]
Cattle Current Podcast—Feb. 9, 2024
February 09, 2024 02:13 - 9 minutes - 7.36 MBLive Cattle futures closed an average of 84¢ higher Thursday (5¢ higher at the back to $1.77 higher toward the front), supported by friendly World Agricultural Supply and Demand Estimates (see below) and prospects of higher cash prices this week. Feeder Cattle futures closed mixed, from an average of 53¢ higher through the front [...]
Cattle Current Podcast—Feb. 8, 2024
February 08, 2024 01:10 - 7 minutes - 5.92 MBCattle futures took a breather Wednesday with traders apparently waiting for the week’s cash direction. Feeder Cattle futures closed an average of 47¢ lower (17¢ lower toward the back to $1.12 lower in the spot month). Live Cattle futures closed an average of 76¢ lower (27¢ lower at the back to $1.27 lower toward [...]