PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

7:08

Cattle Current Podcast—May 6, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/05

Cattle futures mostly edged higher Friday, extending gains from the previous session and supported by higher cash fed cattle prices. Live Cattle futures closed an average of 43¢ higher., except for 12¢ lower in the spot month. They were an average of $2.39 lower week to week on Friday. Feeder Cattle futures closed narrowly [...]

7:07

Cattle Current Podcast—May 3, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/03

Cattle futures rallied back Thursday, fueled by confirmation that no traces of Bovine Influenza A virus (BIAV) were found in ground beef samples by USDA’s Animal and Plant Health Inspection Service (APHIS). Live Cattle futures closed an average of $2.37 higher. Feeder Cattle futures closed an average of $3.26 higher. Negotiated cash fed cattle [...]

6:15

Cattle Current Podcast—May 2, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/02

Cattle futures tried to overcome the Bovine Influenza A virus headlines but couldn't, taking another step lower Wednesday. Heading into the close, Live Cattle futures were an average of $1.64 lower (67¢ to $2.30 lower). Feeder Cattle futures were an average of $3.55 lower. Negotiated cash fed cattle trade ranged from slow on light [...]

4:53

Cattle Current Podcast—May 5, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/05/01

Cattle futures tumbled Tuesday on new that Bovine Influenza A virus (BIAV) was confirmed in Colorado dairy cows and chatter that USDA was testing ground beef for particles of the virus in states where BIAV had been confirmed. Live Cattle futures closed an average of $2.21 lower. Feeder Cattle futures closed an average of [...]

6:30

Cattle Current Podcast—Apr. 30, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/30

Cattle futures softened Monday, taking a break from last week's gains and amid likely profit taking and month-end positioning. Heading into the close, Live Cattle futures were an average of 67¢ lower (32¢ to $1.35 lower), except for 77¢ higher in spot Apr. Feeder Cattle futures were an average of 42¢ lower. Negotiated cash [...]

8:48

Cattle Current Podcast—Apr. 29, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/28

Cattle futures closed higher Friday, helped along by stronger cash fed cattle prices to end the week, as well as weekly gains in Choice wholesale beef values. Live Cattle futures closed an average of 56¢ higher. They were an average of $3.82 higher week to week on Friday. Feeder Cattle futures closed an average [...]

4:18

Cattle Current Podcast—Apr. 26, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/26

Heading into Wednesday’s close, Cattle futures were recovering from the previous day’s losses, helped along by higher cash fed cattle trade in the north. Live Cattle futures mixed, from an average of $1.86 higher. Feeder Cattle futures were an average of $1.80 higher. Negotiated cash fed cattle trade and demand were moderate in Nebraska [...]

6:07

Cattle Current Podcast—Apr. 25, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/25

Heading into Wednesday’s close, Cattle futures were sharply lower, pressured by news that viral fragments of Highly Pathogenic Avian Influenza (HPAI) were found in pasteurized milk during the ongoing investigation into Bovine Influenza A virus found in dairy cattle. Although there is no reason to doubt the safety of pasteurized milk, the headlines made [...]

3:22

Cattle Current Podcast—Apr. 24, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/23

Cattle futures were mixed with Live Cattle taking a breather and awaiting weekly cash direction while last Friday’s Cattle on Feed report continued helping lift Feeder Cattle. Feeder Cattle futures were an average of 69¢ higher. Live Cattle futures mixed, from an average of 63¢ lower in the front five contracts to an average [...]

7:28

Cattle Current Podcast—Apr. 23, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/22

Cattle futures surged higher Monday, supported by Friday’s friendly Cattle on Feed report, which indicated fewer March placements than expected. At the close and before final settlement, Live Cattle futures were an average of $2.56 higher and Feeder Cattle futures were an average of $3.71 higher. Negotiated cash fed cattle trade was at a [...]

7:13

Cattle Current Podcast—Apr., 22, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/21

Cattle futures were narrowly mixed Friday with uncertainty about the Cattle on Feed report, which ultimately proved to be likely supportive. Live Cattle futures closed an average of 12¢ higher, except for unchanged to an average of 5¢ lower in three contracts. They were an average of $4.20 higher week to week on Friday. [...]

6:03

Cattle Current Podcast—Apr. 19, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/18

Cattle futures gained Thursday with likely positioning ahead of Friday’s monthly Cattle on Feed report. Export sales also provided support. Net U.S. beef export sales for the week ending April 11 were 17,700 metric tons for 2024, according to the weekly U.S. Export Sales report. That was 30% more than the previous week and [...]

6:38

Cattle Current Podcast—Apr. 18, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/17

Cattle 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, [...]

5:24

Cattle Current Podcast—Apr. 17, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/16

Cattle 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 [...]

8:35

Cattle Current Podcast—Apr. 16, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/16

Cattle 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 [...]

7:37

Cattle Current Podcast—Apr. 15, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/14

Cattle 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 [...]

7:04

Cattle Current Podcast—Apr. 12. 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/12

Cattle 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 [...]

4:53

Cattle Current Podcast—Apr. 11, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/11

Cattle 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 [...]

4:34

Cattle Current Podcast—Apr. 10, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/10

Cattle 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 [...]

6:38

Cattle Current Podcast—Apr. 9, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/09

Higher 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 [...]

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Cattle Current Market Update with Wes Ishmael

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