PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

6:22

Cattle Current Podcast—Feb. 12. 2025

Cattle Current Market Update with Wes Ishmael ·

2025/02/11

Cattle futures closed lower Tuesday with pressure including less packer production, apparent non-commercial long liquidation and more pessimism around this week’s cash fed cattle price potential. Toward the close, Live Cattle futures were an average of $1.29 lower. Feeder Cattle futures were an average of $2.68 lower. Negotiated cash fed cattle trade was limited [...]

7:01

Cattle Current Podcast—Feb. 11, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/02/10

Cattle futures rose Monday, building on the previous session’s firmer tone, following last week’s rout. Toward the close, Live Cattle futures were an average of 97¢ higher. Feeder Cattle futures closed an average of $2.45 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, [...]

14:33

Cattle Current Podcast—Feb. 10, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/02/09

Cattle futures stabilized Friday, following a week of losses driven by opening of the Mexican border to feeder cattle, discovery of a new bird flu train in dairy cattle, packer-announced production cuts for the coming week and lower cash fed cattle prices. Live Cattle futures closed an average of 38¢ higher, except for unchanged [...]

6:46

Cattle Current Podcast—Feb. 5, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/02/04

As logic suggested, Cattle futures lost ground Monday, between likely technical correction, the weekend announcement from APHIS that Mexican cattle imports to the U.S. will resume this week and tariffs levied on Canada, Mexico and China, though Mexican tariffs are now postponed for a month. Live Cattle futures closed an average of $2.04 lower. [...]

11:03

Cattle Current Podcast—Feb. 3, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/02/02

Cattle futures bounced back Friday, buoyed by the week’s stronger cash fed cattle prices and ahead of what turned out to be a generally neutral USDA Cattle report compared to expectations (see below). Live Cattle futures were an average of 74¢ higher (12¢ higher at the front to $1.07 higher at the back). Week [...]

6:09

Cattle Current Podcast—Jan. 31, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/31

Cattle futures continued to correct lower Thursday, as wholesale beef prices continued lower and despite hefty gains in Southern Plains fed cattle prices. Keep in mind, the much-anticipated USDA Cattle inventory report will be released Friday afternoon. Toward the close, Live Cattle futures were an average of $2.04 lower. Feeder Cattle futures were an [...]

5:48

Cattle Current Podcast—Jan. 30, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/30

Cattle futures were lower Wednesday with likely profit taking, pressure from softer Choice boxed beef cutout values and the bounce in Corn futures. Toward the close, Live Cattle futures were an average of $1.90 lower. Feeder Cattle futures were an average of $3.03 lower. Negotiated cash fed cattle trade was mostly inactive on light [...]

4:51

Cattle Current Podcast—Jan. 29, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/28

Last week’s upward momentum in cash prices, and stubbornly strong Choice boxed beef prices, helped support gains in Cattle futures Tuesday. Toward the close, Live Cattle futures were an average of $2.39 higher. Feeder Cattle futures were an average of $1.98 higher. Negotiated cash fed cattle trade was at a standstill in all major [...]

6:42

Cattle Current Podcast—Jan. 28, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/28

Last week’s hefty cash prices helped Live Cattle futures mostly gain Monday. Toward the close, Live Cattle futures were an average of 80¢ higher, except for an average of 9¢ lower in the back three contracts. Feeder Cattle futures were an average of 90¢ lower, except for 70¢ higher in waning spot Jan. [...]

6:53

Cattle Current Podcast—Jan. 27, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/26

Negotiated cash fed cattle trade was active on very good demand in the North through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were $7 higher in Nebraska at $210-$212/cwt. and $6-$7 higher in the Western Corn Belt at $210-$212. Dressed delivered prices were $6-$8 higher In Nebraska at $328-$330 (a [...]

5:20

Cattle Current Podcast—Jan. 24, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/24

Cattle futures extended gains Thursday on bullish fundamentals and stronger outside markets. Toward the close, Feeder Cattle futures were an average of 83¢ higher. Live Cattle futures were an average of 66¢ higher. Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Thursday afternoon, with [...]

5:23

Cattle Current Podcast—Jan. 23, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/22

Cattle futures powered ahead Wednesday with little apparent explanation other than exuberant fund-buying and perhaps bullish positioning ahead of Friday's monthly Cattle on Feed report. Pre-report estimates peg the Jan. 1 feedlot inventory 0.2% lower year over year, December placements 1.8% higher and December marketings 1.3% higher. Toward the close, Feeder Cattle futures were [...]

5:18

Cattle Current Podcast—Jan. 22, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/22

Feeder Cattle futures were pressured by stronger Corn futures, worries about cold-damaged winter wheat pasture in the Southern Plains and perhaps growing hesitancy related to the ultimate opening of the Mexican border to feeder cattle. Toward the close, they were down an average of $1.63 lower, except for 85¢ higher in spot Jan. Live [...]

5:45

Cattle Current Podcast—Jan. 21, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/21

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 $1 higher in the Texas Panhandle at $201/cwt., steady to $1 higher in Kansas at $201, unevenly steady in Nebraska at $203-$205 and $1-$3 [...]

9:25

Cattle Current Podcast—Jan. 20, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/18

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the Southern Plains to light to moderate on light to moderate demand in the North through Friday afternoon with too few transactions to trend, according to the Agricultural Marketing Service. For the week, FOB live prices were $1 higher in the [...]

7:00

Cattle Current Podcast—Jan. 17, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/17

Cattle futures lost ground Thursday, with likely profit taking, technical resistance and perhaps reaction to chatter about when cattle imports from Mexico might resume. Negotiated cash fed cattle trade was active on good demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service, with FOB live prices unevenly steady at $202-$205/cwt. and [...]

5:37

Cattle Current Podcast—Jan. 16, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/16

Negotiated cash fed cattle trade was light on light demand in the Texas Panhandle through Wednesday afternoon with FOB live prices $1 higher at $201/cwt. in a light test, according to the Agricultural Marketing Service. FOB live prices were steady to $1 higher in Kansas at $201 on moderate trade and demand. Elsewhere, trade [...]

4:19

Cattle Current Podcast — Jan. 15, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/15

Cattle futures consolidated Tuesday awaiting this week’s cash fed cattle direction. Toward the close, Feeder Cattle futures were an average of 52¢ higher across a broad range. Live Cattle futures were an average of 49¢ lower across a broad range. Negotiated cash fed cattle trade mostly inactive on very light demand in all regions [...]

6:24

Cattle Current Podcast—Jan. 14, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/14

Cattle futures were lower Monday on likely profit taking and positioning following last week’s charge higher. Toward the close, Feeder Cattle futures closed an average of $1.42 lower. Live Cattle futures closed an average of 96¢ lower. Negotiated cash fed cattle trade mostly inactive on very light demand in all regions through Monday afternoon, [...]

9:46

Cattle Current Podcast—Jan. 13, 2025

Cattle Current Market Update with Wes Ishmael ·

2025/01/12

Negotiated cash fed cattle trade was light on moderate demand in the Southern Plains and Nebraska through Friday afternoon, according to the Agricultural Marketing Service. Trade in the western Corn Belt was limited on light demand. For the week, FOB live prices were $4 higher in the Southern Plains at 200-201/cwt., $3 higher in [...]

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Cattle Current Market Update with Wes Ishmael

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