PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

7:04

Cattle Current Podcast—Apr. 8, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/07

Cattle futures plumbed lower Friday with continued concerns about Highly Pathogenic Avian Influenza in dairy cattle. Live Cattle closed an average of $3.08 lower ($2.70 to $3.80 lower). Feeder Cattle futures closed an average of $4.96 lower ($3.92 to $5.85 lower). Negotiated cash fed cattle trade ranged from moderate on moderate demand in the [...]

5:49

Cattle Current Podcast—Apr. 5, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/05

Negotiated cash fed cattle trade was slow on light demand in the North through Thursday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices are $2-$3 lower at $187/cwt. Dressed delivered prices are $3-$5 lower in Nebraska at $296-$297 and $2-$3 lower in the western Corn Belt at $297. Trade [...]

6:13

Cattle Current Podcast—Apr. 4, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/03

Cattle futures closed lower Wednesday with pressure including softer early cash fed cattle prices, weakening wholesale beef values and continued uncertainty tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans. Live Cattle closed an average of 74¢ lower. Feeder Cattle futures closed an average of $2.05. [...]

6:19

Cattle Current Podcast—Apr. 3, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/03

Cattle futures firmed and clawed back a little ground without much conviction on Tuesday after being hammered by panic selling in the previous session, tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans. Live Cattle closed an average of $1.02 higher (50¢ to $1.70 higher). Feeder [...]

8:15

Cattle Current Podcast—Apr. 2, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/04/02

Cattle futures, already weakened by last week's lower cash fed cattle trade and Choice wholesale beef values, crumbled Monday with another round of panic selling tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans (see below). Live Cattle closed an average of $4.91 lower (45¢ lower [...]

7:37

Cattle Current Podcast—Apr. 1, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/30

Futures and equity markets were closed on Friday, in observance of Good Friday. Although Cattle futures firmed at the end of weekly trade, they ended sharply lower week to week, due in part to the previous Friday’s monthly Cattle on Feed report. As mentioned in Cattle Current, feedlot placements in February were 9.7% more [...]

7:23

Cattle Current Podcast—Mar. 29, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/28

Cattle futures gained Thursday, recovering more of the early-week losses as traders positioned for the end of the week and quarter, and ahead of a long weekend. Live Cattle closed an average of $1.49 higher. Feeder Cattle futures closed an average of 89¢ higher, except for 30¢ lower in expiring Mar. Negotiated cash fed [...]

5:34

Cattle Current Podcast—Mar. 28, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/28

Cattle futures firmed Wednesday. Feeder Cattle futures closed an average of 91¢ higher (32¢ to $1.42 higher). Live Cattle closed an average of 27¢ higher, except for 15¢ lower in the back contract. Negotiated cash fed cattle trade on Wednesday ranged from a standstill to slow on light demand in Kansas where FOB live [...]

5:27

Cattle Current Podcast—Mar. 27, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/27

Cattle futures sank Tuesday amid uncertainty spun by negative and potentially negative news. Closest to home, Monday's announced confirmation of highly pathogenic avian influenza (HPAI) in dairy cattle from herds in Kansas and Texas likely drew the attention of funds and algorithms. The infections appear to be tied to wild birds. There is no [...]

6:58

Cattle Current Podcast—Mar. 26, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/26

Cattle futures closed lower Monday, with pressure including Friday's bearish monthly Cattle on Feed report. Live Cattle closed an average of $1.09 lower (67¢ to $1.52 lower). Feeder Cattle futures closed an average of $1.60 lower (50¢ to $2.37 lower). Negotiated cash fed cattle trade was at a standstill in all major cattle feeding [...]

6:24

Cattle Current Podcast—Mar. 25, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/24

Cattle futures closed lower Friday, with likely positioning ahead of what turned out to be a bearish monthly Cattle on Feed report (see below). Live Cattle closed an average of $1.63 lower (87¢ to $2.00 lower). Feeder Cattle futures closed an average of $3.24 lower (92¢ to $4.30 lower). Negotiated cash fed cattle trade [...]

6:49

Cattle Current Podcast—Mar. 22, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/22

Negotiated cash fed cattle trade was moderate on moderate to good demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $2 higher in the Southern Plains at $188/cwt., $2-$3 higher in Nebraska at $190 (a few up to $191) and $2-$3 higher in [...]

6:56

Cattle Current Podcast—Mar. 21, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/20

Cattle futures closed slightly lower Wednesday, basically in a holding pattern ahead of weekly cash fed cattle trade and Friday’s monthly Cattle on Feed report. Live Cattle closed an average of 37¢ lower. Feeder Cattle futures closed an average of 36¢ lower. Negotiated cash fed cattle trade ranged from slow on light demand to [...]

6:00

Cattle Current Podcast—Mar. 20, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/20

Cattle futures closed narrowly mixed as traders appeared to wait for the week’s cash direction and looking toward Friday’s monthly Cattle on Feed report. Live Cattle narrowly mixed, from an average of 38¢ lower in the front four contracts to an average of 21¢ higher. Feeder Cattle futures closed narrowly mixed, from an average [...]

8:34

Cattle Current Podcast—Mar. 19, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/19

Strong cash fed cattle prices and higher wholesale beef values helped Cattle futures extend gains Monday. Live Cattle futures closed an average of $1.38 higher (70¢ higher at the back to $1.80 higher toward the front). Feeder Cattle futures closed an average of $2.40 higher ($1.92 to $3.12 higher). Choice boxed beef cutout value [...]

7:20

Cattle Current Podcast—Mar. 18, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/17

Negotiated cash fed cattle trade was moderate on moderate demand in all major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were $1 higher in the Southern Plains at $186/cwt., $2.00 higher in Nebraska at $187-$188 and $3 higher in the western Corn belt [...]

6:35

Cattle Current Podcast—Mar. 15, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/15

Cattle futures closed sharply lower Thursday in an outside day with apparent technical pressure. Live Cattle futures closed an average of $2.18 lower ($1.85 to $2.97 lower). Feeder Cattle futures closed an average of $3.89 lower ($2.80 to $4.67 lower). Negotiated cash fed cattle trade was slow on light to moderate demand in the [...]

6:55

Cattle Current Podcast—Mar. 14, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/14

Cattle futures closed higher Wednesday with prospects of higher cash trade again this week. Live Cattle futures closed an average of $1.42 higher ($1.17 to $2.10 higher) amid heavy volume. Feeder Cattle futures closed an average of $1.84 higher ($1.30 higher at the front to $2.17 higher at the back). Negotiated cash fed cattle [...]

5:15

Cattle Current Podcast—Mar. 13, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/12

Cattle futures gained Tuesday with support from higher-trending wholesale beef prices and last week's stronger cash trade. Live Cattle futures closed an average of 64¢ higher. Feeder Cattle futures closed an average of 92¢ higher (57¢ to $1.32 higher). Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill [...]

6:03

Cattle Current Podcast—Mar. 12, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/12

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 $2 higher in the Southern Plains at $185/cwt., $1.50-$2.00 higher in Nebraska at $185-$186 and $2 higher in the western Corn Belt at $185-$186. [...]

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Cattle Current Market Update with Wes Ishmael

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