PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

6:07

Cattle Current Podcast—June 4, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/06/04

Cattle futures firmed Monday with stronger wholesale beef prices after early pressure from last week’s wobbly cash fed cattle prices. Heading into the close, Live Cattle futures were an average of 19¢ higher, except for 62¢ lower in away Aug. Feeder Cattle futures were narrowly mixed from an average of 13¢ lower in the [...]

8:15

Cattle Current Podcast—June 3, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/06/02

Negotiated cash fed cattle trade ranged from moderate on moderate demand up north to a standstill through Friday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were $1 lower in the Southern Plains at $186/cwt., $2 lower in Nebraska at $190 and steady in the western Corn Belt at [...]

7:44

Cattle Current Podcast—May 31, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/30

Cattle futures continued lower Thursday with follow-through pressure including negative outside markets, oversold conditions and perhaps some month-end profit taking. Heading into the close and before settlement, Live Cattle futures were an average of 75¢ lower. Feeder Cattle were an average of 78¢ lower. Negotiated cash fed cattle trade ranged from light on light [...]

6:37

Cattle Current Podcast—May 30, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/29

Cattle futures closed lower Wednesday with pressure including negative outside markets, oversold conditions and perhaps some month-end profit taking. Heading into the close and before settlement, Live Cattle futures were an average of $1.65 lower. Feeder Cattle were an average of $3.15 lower. Negotiated cash fed cattle trade ranged from limited on light demand [...]

6:31

Cattle Current Podcast—May 29, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/29

Cattle futures started and ended the session higher Tuesday, supported by last week’s stronger cash prices and the neutral monthly Cattle on Feed report, Live Cattle futures were an average of 83¢ higher. Feeder Cattle futures were an average of $3.52 higher. Negotiated cash fed cattle trade ranged from mostly inactive on very light [...]

7:11

Cattle Current Podcast—May 27 and 28, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/26

Negotiated 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 $1 higher in the Southern Plains at $187/cwt., mainly $2 higher in Nebraska at $192 [...]

6:52

Cattle Current Podcast—May 24, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/23

Cattle futures started stronger Thursday, buoyed by higher cash fed cattle prices in the South, but faded to a lower close on likely positioning ahead of Friday’s Cattle on Feed report and the holiday weekend. Heading into the close and before settlement, Live Cattle futures were an average of 56¢ lower. Feeder Cattle were [...]

5:31

Cattle Current Podcast—May 23, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/23

Cattle futures continued higher Wednesday, supported by recently stronger cash fed cattle and wholesale beef prices. The next two trading sessions appear to be wild cards as traders position ahead of Friday’s monthly Cattle on Feed report and the three-day weekend. Heading into the close and before settlement, Live Cattle futures were an average [...]

5:20

Cattle Current Podcast—May 22, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/21

Cattle futures closed higher Tuesday, supported by steady to stronger wholesale beef values. Heading into the close and before settlement, Live Cattle futures were an average of $1.01 higher. Feeder Cattle were an average of $1.62 higher. Negotiated cash fed cattle trade ranged from a standstill in the Southern Plains to slow on light [...]

7:39

Cattle Current Podcast—May 21, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/20

Cattle futures were narrowly mixed Monday, as traders appeared to take stock after last week’s strong gains. Heading into the close and before settlement, Live Cattle futures were an average of 17¢ higher, except for 30¢ lower in near Aug. Feeder Cattle were an average of 57¢ lower, except for 10¢ higher in the [...]

7:07

Cattle Current Podcast—May 20, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/19

Negotiated cash fed cattle trade ranged from inactive on very light demand in the Texas Panhandle to active on good demand elsewhere, through Friday afternoon according to the Agricultural Marketing Service. FOB live prices were $2-$3 higher in Kansas at $186/cwt., $3-$4 higher in Nebraska at $190 and $3-$5 higher in the western Corn [...]

7:50

Cattle Current Podcast—May 17, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/17

Cattle futures extended further Thursday, buoyed by another day of higher wholesale beef prices, bullish outside markets and a positive reading of export demand. Net U.S. beef export sales for 2024 the week ending May 9 of 15,100 metric tons were 23% more than the previous week, but 11% less than the prior four-week [...]

6:49

Cattle Current Podcast—May 16, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/15

Cattle futures extended gains, supported by recently resurgent wholesale beef prices. Heading into the close and before settlement, Live Cattle futures were an average of 26¢ higher. Feeder Cattle were an average of 47¢ higher. Choice boxed beef cutout value was $2.38 higher Wednesday afternoon at $306.77/cwt. Select was 49¢ higher at $294.31/cwt. Negotiated [...]

5:00

Cattle Current Podcast—May 15, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/14

Cattle futures rallied Tuesday, supported by slower packer production which is helping lift wholesale beef prices. Heading into the close and before settlement, Live Cattle futures were an average of $2.29 higher and Feeder Cattle futures were an average of $4.20 higher. Choice boxed beef cutout value was $5.44 higher Tuesday afternoon at $304.39/cwt. [...]

7:15

Cattle Current Podcast—May 14, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/14

Cattle futures were narrowly mixed Monday as traders appeared to wait for further cash direction. Heading into the close and before settlement, Live Cattle futures were narrowly mixed, from an average of 46¢ lower to an average of 22¢ higher. Feeder Cattle closed were an average of 37¢ higher, except for 67¢ lower in [...]

9:14

Cattle Current Podcast—May 13, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/13

Negotiated cash fed cattle trade ranged from inactive on very light demand in the Texas Panhandle to moderate on moderate demand elsewhere through Friday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were steady in the Texas Panhandle at $184/cwt., unevenly steady to $1 higher in Kansas at $183-$185, [...]

6:16

Cattle Current Podcast—May 10, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/10

Cattle futures were lower again Thursday, on weaker boxed beef cutout values and the lack of cash direction. Live Cattle futures were an average of 63¢ lower. Feeder Cattle futures were an average of $1.19 lower. Front month Cattle futures were trending mixed early in today’s session. Negotiated cash fed cattle trade ranged from [...]

5:48

Cattle Current Podcast—May 9, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/08

Cattle futures were lower Wednesday on wobbly boxed beef values and the lack of weekly cash fed cattle direction. Heading into the close and before settlement, Live Cattle futures were an average of $1.18 lower. Feeder Cattle futures were an average of $1.60 lower. Negotiated cash fed cattle trade was at a standstill in [...]

4:34

Cattle Current Podcast—May 8, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/07

Cattle futures bounced back Tuesday, supported by resurgent wholesale beef values. Toward the close and ahead of settlement, Live Cattle futures were an average of $1.06 higher. Feeder Cattle futures were an average of $1.60 higher. Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, [...]

7:05

Cattle Current Podcast—May 7, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/06

Heading into the close and before settlement, Live Cattle futures were an average of 27¢ higher through the front five contracts, buoyed by last week’s stronger cash trade and then unchanged to an average of 61¢ lower. Feeder Cattle futures were an average of $1.28 lower with pressure from nearby Corn contracts. Heading into [...]

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Cattle Current Market Update with Wes Ishmael

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