PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

6:25

Cattle Current Podcast—Nov. 8, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/11/08

Cattle futures extended gains Thursday with follow-through support from outside markets. Toward the close, Live Cattle futures were an average of 83¢ higher. Feeder Cattle futures were an average of 82¢ higher, except for unchanged in spot Nov. Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding [...]

6:12

Cattle Current Podcast—Nov. 7, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/11/06

Cattle futures were higher Wednesday, buoyed by aggressively stronger equity markets. Toward the close, Live Cattle futures were an average of $1.04 higher. Feeder Cattle futures were an average of $1.64 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural [...]

5:57

Cattle Current Podcast—Nov. 6, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/11/06

Cattle futures eased higher Tuesday, helped along by more bullish outside markets. Toward the close, Live Cattle futures were an average of 28¢ higher, except for 25¢ lower in spot Dec. Feeder Cattle futures were an average of 40¢ higher, except for 12¢ lower in spot Nov and no trade in the back contract. [...]

7:39

Cattle Current Podcast—Nov. 5, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/11/05

Cattle futures were lower Monday with likely technical pressure and uncertainty ahead of the election. Toward the close, Live Cattle futures were an average of 75¢ lower. Feeder Cattle futures were an average of 94¢ lower. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, [...]

8:57

Cattle Current Podcast—Nov. 4, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/11/02

Live Cattle futures closed an average of 15¢ higher, except for an average of 54¢ lower on either end of the board. Feeder Cattle futures were an average of $1.64 higher, supported by strong cash trade. Week to week on Friday, Live Cattle futures closed an average of $2.11 lower and Feeder Cattle futures [...]

5:55

Cattle Currrent Podcast—Nov. 1, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/31

Live Cattle futures were mixed Thursday and Feeder Cattle futures were lower with pressure from recently lower wholesale beef prices and month-end position squaring. Toward the close, Live Cattle futures ranged from an average of 12¢ lower in three contracts to an average of 50¢ higher, except for $4.60 higher in expiring Oct. Feeder [...]

5:56

Cattle Current Podcast—Oct. 31, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/31

Cattle futures continued to move lower Wednesday with weaker wholesale beef values and likely technical correction. Toward the close, Live Cattle futures were an average of $1.31 lower. Feeder Cattle futures were an average of $2.14 lower, except for 82¢ higher in expiring Oct. Negotiated cash fed cattle trade was light to moderate, on [...]

4:43

Cattle Futures Podcast—Oct. 30, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/29

Cattle futures ran out of steam Tuesday with technical pressure and lower wholesale beef values. Toward the close, Live Cattle futures were an average of $1.32 lower. Feeder Cattle futures were an average of $2.76 lower, except for 7¢ higher in spot Oct. Negotiated cash fed cattle trade ranged from inactive on very light [...]

6:07

Cattle Current Podcast—Oct. 29, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/29

Cattle futures were higher Monday, shrugging off Friday’s Cattle on Feed report, supported by high cash trade. Toward the close, Live Cattle futures were an average of 24¢ higher. Feeder Cattle futures were an average of 86¢ higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through [...]

9:40

Cattle Current Podcast—Oct. 28, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/28

Feeder Cattle futures were narrowly mixed Friday with likely trepidation ahead of the monthly Cattle on Feed report (see below). On Friday, Feeder Cattle closed from an average of 12¢ higher across the front half of the board to an average of 32¢ lower across the back half. They were also narrowly mixed in [...]

6:21

Cattle Current Podcast—Oct. 24. 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/24

Feeder Cattle futures softened Wednesday. Perhaps some of the softness had to do with the announcement yesterday that an E. coli outbreak in several states had been linked to a McDonald's Quarter Pounder; more specifically, slivered onions (see below). Toward the close, Feeder Cattle futures were an average of $1.95 lower. Live Cattle futures [...]

3:34

Cattle Current Podcast—Oct. 23, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/22

Cattle futures gained Tuesday, with support from the continued increase in Choice boxed beef cutout values. Toward the close, Live Cattle futures were an average of 89¢ higher. Feeder Cattle futures were an average of $1.33 higher Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Tuesday [...]

7:09

Cattle Current Podcast—Oct. 22, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/22

Cattle futures softened Monday, likely nudging chart resistance and perhaps with some early positioning ahead of Friday's monthly Cattle on Feed report. Toward the close, Live Cattle futures were an average of 50¢ lower. Feeder Cattle futures were an average of $1.10 lower. Negotiated cash fed cattle trade was at a standstill in all [...]

7:41

Cattle Current Podcast—Oct. 21, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/20

Cattle futures closed higher Friday, helped along by lower grain futures prices, stronger wholesale beef prices and the week’s steady-to-higher cash trade. Live Cattle futures were an average of 83¢ higher. Feeder Cattle futures were an average of $1.98 higher. However, week to week on Friday, Live Cattle were an average of 65¢ lower [...]

4:25

Cattle Current Podcast—Oct. 16, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/16

Cattle futures closed lower Tuesday, with likely profit taking and technical correcting. Toward the close, Live Cattle futures were an average of $1.19 lower. Feeder Cattle futures were an average of $3.08 lower Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to [...]

6:09

Cattle Current Podcast—Oct. 15, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/14

Cattle futures closed mostly higher Monday, supported by Choice wholesale beef values and softer Corn futures. Toward the close, Live Cattle futures were an average of 26¢ higher, except for 40¢ lower in spot Oct. Feeder Cattle futures were an average of 79¢ higher, except for an average of 51¢ lower in the front [...]

9:43

Cattle Current Podcast—Oct. 14, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/14

Click edit button to change this text. Negotiated cash fed cattle prices ended last week generally steady to $1 higher. FOB live prices were generally $186-$187/cwt. in Kansas, $187 in the Texas Panhandle and $187-$188 in the North. Dressed delivered prices were steady at $296. Cattle futures closed mixed on Friday but higher [...]

7:23

Cattle Current Podcast—Oct. 11, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/10

Cattle futures gained Thursday, with steady to stronger cash fed cattle prices and higher wholesale beef values. Toward the close, Live Cattle futures were an average of 66¢ higher. Feeder Cattle futures were an average of $1.16 higher. Negotiated cash fed cattle trade ranged from slow on light demand to moderate on moderate demand [...]

4:59

Cattle Current Podcast—Oct. 10, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/10

Cattle futures were lower Wednesday, with overbought conditions and the lack of weekly cash direction. Toward the close, Live Cattle futures were an average of 73¢ lower. Feeder Cattle futures were an average of $1.11 lower. Negotiated cash fed cattle trade was slow on light demand in the western Corn Belt through Wednesday afternoon, [...]

4:02

Cattle Current Podcast—Oct. 9, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/10/09

Toward the close, Live Cattle futures were an average of 54¢ higher. Feeder Cattle futures were an average of $1.51 higher. Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $1 higher [...]

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Cattle Current Market Update with Wes Ishmael

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