PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

6:00

Cattle Current Podcast—Aug. 1, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/31

Cattle futures were narrowly mixed Wednesday, awaiting the week’s cash direction. Before settlement, Live Cattle futures were an average of 34¢ lower. Feeder Cattle futures were narrowly mixed, from an average of 55¢ lower to an average of 29¢ higher with the most support in nearby months. Negotiated cash fed cattle trade ranged from [...]

4:41

Cattle Current Podcast—July 31, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/30

Cattle futures were narrowly mixed but mainly higher Tuesday. Before settlement, Live Cattle futures were an average of 41¢ higher, except for 12¢ lower in three contracts. Feeder Cattle futures were an average of 39¢ higher, except for 31¢ lower in three contracts. Negotiated cash fed cattle trade was at a standstill in all [...]

6:57

Cattle Current Podcast—July 30, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/29

Cattle futures stepped lower Monday with apparent technical selling. Before settlement, Live Cattle futures were an average of $1.20 lower. Feeder Cattle futures were an average of $2.75 lower. 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 [...]

5:52

Cattle Current Podcast—July 29, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/28

Cattle futures closed mixed to higher Friday, buoyed by higher cash fed cattle prices and firmer wholesale beef values. Live Cattle futures closed narrowly mixed from 13¢ lower to 28¢ higher. Feeder Cattle futures closed an average of $1.13 higher with added support from lower Corn futures. Negotiated cash fed cattle trade ranged from [...]

6:37

Cattle Current Podcast—July 26, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/25

Cattle futures closed higher Thursday, supported by the prospects of steady to higher cash trade, as well as more favorable domestic economic growth than expected. Before settlement, Live Cattle futures were an average of $1.01 higher across a wide range. Feeder Cattle futures were an average of 52¢ higher. Negotiated cash fed cattle trade [...]

4:37

Cattle Current Podcast—July 25, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/25

Cattle futures were mostly lower Wednesday, pressured by bearish outside markets and the lack of weekly cash direction. Before settlement, Live Cattle futures were an average of 71¢ lower, except for unchanged to an average of 45¢ higher in the front three contracts. Feeder Cattle futures were an average of $1.79 lower. Negotiated cash [...]

4:40

Cattle Current Podcast—July 24, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/24

Cattle futures extended gains Tuesday. Before settlement, Live Cattle futures were an average of $1.21 higher. Feeder Cattle futures were an average of $1.72 higher. Negotiated cash fed cattle trade ranged from slow on light demand to a standstill in all major cattle feeding regions through Tuesday afternoon, with too few transactions to trend, [...]

7:11

Cattle Current Podcast—July 23, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/23

Cattle futures strengthened Monday, helped along by positive outside markets and the monthly Cattle on Feed report (see below), which indicated fewer placements than expected last month. Before settlement, Live Cattle futures were an average of $1.05 higher. Feeder Cattle futures were an average of 54¢ higher, well off session highs, capped by advancing [...]

7:27

Cattle Current Podcast—July 22, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/21

Cattle futures continued mostly lower Friday ahead of the monthly Cattle on Feed report (see below), which could provide some support Monday. Live Cattle futures were an average of 47¢ lower, except for an average of 65¢ higher in the front two contracts. Week to week on Friday, Live Cattle futures were an average [...]

6:36

Cattle Current Podcast—July 19, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/18

Cattle futures sagged lower Thursday with the week’s wobbly cash fed cattle trade, sharply lower outside markets and likely positioning ahead of Friday’s monthly Cattle on Feed report. Before settlement, Live Cattle futures were an average of $2.06 lower. Feeder Cattle futures were an average of $2.47 lower. Negotiated cash fed cattle trade ranged [...]

3:55

Cattle Current Podcast—July 18, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/17

Negotiated cash fed cattle trade was slow on light to moderate demand in the Southern Plains through Wednesday afternoon with early FOB live trades at $188/cwt. Elsewhere, trade ranged from mostly inactive on light demand to a standstill, according to the Agricultural Marketing Service. Last week, FOB live prices were mostly $198 in Nebraska [...]

5:32

Cattle Current Podcast—July 17, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/16

Cattle futures mostly strengthened Tuesday, supported by bullish outside markets. Before settlement, Live Cattle futures were an average of 57¢ higher. Feeder Cattle futures were an average of 72¢ higher, except for unchanged in spot Aug and an average of 9¢ lower in the back two contracts. Negotiated cash fed cattle trade ranged from [...]

6:26

Cattle Current Podcast—July 16, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/15

Feeder Cattle futures moved higher Monday, helped along by wilting Corn futures, while Live Cattle futures sought near-term direction. Feeder Cattle futures were an average of 62¢ higher. Before settlement, Live Cattle futures were narrowly mixed, from 25¢ lower to 37¢ higher. Negotiated cash fed cattle trade was at a standstill through Monday afternoon, [...]

8:38

Cattle Current Podcast—July 15, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/14

Negotiated cash fed cattle trade ranged from inactive on very light demand to limited with very light demand through Friday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were $2 lower in the Southern Plains at $188/cwt., steady in Nebraska at $198 and steady to $3 lower in the [...]

4:26

Cattle Current Podcast—July 12, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/12

Cattle futures firmed Thursday. Before settlement, Live Cattle futures were an average of 28¢ higher, except for 5¢ lower in the back contract. Feeder Cattle futures were an average of $1.04 higher. Negotiated cash fed cattle trade ranged from slow with light to moderate demand in the North to inactive with very light demand [...]

5:17

Cattle Current Podcast—July 11, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/10

Cattle futures continued to unwind Thursday, pressured by declining wholesale beef value and lower cash trade in the South. Before settlement, Live Cattle futures were an average of 61¢ lower. Feeder Cattle futures were an average of $1.94 lower. Negotiated cash fed cattle trade was slow on light demand in the Southern Plains through [...]

5:57

Cattle Current Podcast—July 10, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/09

Cattle futures tried to gain early again in Tuesday’s session but broke back, apparently spurred in part by a knee-jerk reaction to mid-day Choice boxed beef prices which were $4.87/lower; Select was $1.69 lower. Before settlement, Live Cattle futures were an average of $1.52 lower. Feeder Cattle futures were an average of $2.92 lower. [...]

6:35

Cattle Current Podcast—July 9, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/09

Cattle futures tried to gain early in Monday’s session but ran out of steam to close lower in what turned out to be a risk-off day in ag commodities, perhaps with some positioning at the beginning of the Goldman Roll. Before settlement, Live Cattle futures were an average of $1.34 lower. Feeder Cattle futures [...]

6:31

Cattle Current Podcast—July 8, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/06

Negotiated cash fed cattle trade was slow on light demand in the Southern Plains through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were steady at $190/cwt. in a light test. Elsewhere, trade ranged from limited on light demand to inactive on very light demand with too few transactions to trend. [...]

4:01

Cattle Current Podcast—July 5 and 5, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/07/03

Cattle futures extended gains Wednesday, supported by strong wholesale beef values and prospects of steady to higher cash fed cattle prices for the holiday-shortened week. Before settlement, Live Cattle futures were an average of 71¢ higher. Feeder Cattle futures were an average of $1.88 higher. Negotiated cash fed cattle trade ranged from mostly inactive [...]

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Cattle Current Market Update with Wes Ishmael

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