PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

9:12

Cattle Current Podcast—Mar. 11, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/09

Negotiated cash fed cattle trade was slow on light demand in all major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service. For the 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 [...]

6:56

Cattle Current Podcast—Mar. 8, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/08

Cattle futures closed higher Thursday, buoyed by stronger cash fed cattle prices. Live Cattle futures closed an average of $1.11 higher. Feeder Cattle futures closed an average of 84¢ higher (42¢ to $1.12 higher), except for unchanged in spot Mar. Negotiated cash fed cattle trade in the Southern Plains through Thursday afternoon ranged from [...]

7:17

Cattle Current Podcast—Mar. 7, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/07

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service. Last week, FOB live prices were $183/cwt. in the Southern Plains, $183-$184.50 in Nebraska and $183-$184 in the western Corn Belt. Dressed delivered prices [...]

4:52

Cattle Current Podcast—Mar. 6, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/06

Cattle futures moved ahead Tuesday, mostly erasing losses from the previous session. Live Cattle futures closed an average of 81¢ higher (52¢ to $1.32 higher). Feeder Cattle futures closed an average of $1.12 higher (75¢ to $1.50 higher). Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through [...]

7:04

Cattle Current Podcast—Mar. 5, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/05

Cattle futures took a breather Monday as traders appeared to await further cash direction. Live Cattle futures closed an average of 80¢ lower (32¢ to $1.77 lower). Feeder Cattle futures closed an average of $1.47 lower (80¢ to $2.40 lower). Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to [...]

9:39

Cattle Current Podcast—Mar. 4, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/04

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 steady to $1 higher in the Southern Plains at $183/cwt., steady to $1.50 higher in [...]

6:52

Cattle Current Podcast—March 1, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/03/01

Cattle futures continued a downward correction Thursday. Live Cattle futures closed an average of 60¢ lower. Feeder Cattle futures closed an average of 93¢ lower (37¢ to $1.85 lower). Negotiated cash fed cattle trade ranged from slow on light demand to moderate on moderate demand through Thursday afternoon, according to the Agricultural Marketing Service. [...]

8:19

Cattle Current Podcast—Feb. 29, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/29

Cattle futures softened Wednesday with pressure including likely profit taking and month-end positioning. Live Cattle futures closed an average of $1.13 lower (80¢ to $1.60 lower). Feeder Cattle futures closed an average of $2.80 lower ($2.12 to $3.85 lower). Negotiated cash fed cattle trade was slow on light demand in the Southern Plains, through [...]

3:47

Cattle Current Podcast—Feb. 28, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/28

Cattle futures basically paddled in place Tuesday, awaiting the week's cash direction. Live Cattle futures closed an average of 33¢ lower. Feeder Cattle futures closed narrowly mixed, from an average of 14¢ lower in three contracts to an average of 16¢ higher. Negotiated cash fed cattle trade ranged from mostly inactive on light demand [...]

6:59

Cattle Current Podcast—Feb. 27, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/26

Overall, futures traders seemed to look past the bearish placement number in Friday's monthly Cattle on Feed report, seeming instead to focus on strong fundamentals, including last week's higher cash fed cattle trade. However, the bounce higher in Corn futures helped dampen Feeder Cattle futures. Live Cattle futures closed an average of 26¢ higher, [...]

8:31

Cattle Current Podcast—Feb. 26, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/25

Cattle futures renewed gains Friday, supported by stronger cash fed cattle prices and perhaps positioning ahead of the Cattle on Feed report (see below). Live Cattle futures closed an average of $1.31 higher ($1.00 higher at the back to $2.10 higher in spot Feb). They were an average of $1.19 higher week to week [...]

7:41

Cattle Current Podcast—Feb. 23, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/23

Cattle futures softened Thursday with likely positioning ahead of Fridays monthly Cattle on Feed report. Many expect the report to indicate a sharp decline in feedlot placement, about 12% less year over year in January, based on average analyst estimates. January marketing are estimated to be about even, while the Feb. 1 on-feed inventory [...]

7:07

Cattle Current Podcast—Feb. 22, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/22

Cattle futures continued to crawl mostly higher Wednesday. Live Cattle futures closed an average of 44¢ higher, except for 42¢ lower in spot Feb. Feeder Cattle futures closed an average of 45¢ higher, except for an average of 20¢ lower in two contracts. Negotiated cash fed cattle trade ranged from a standstill in the [...]

6:28

Cattle Current Podcast—Feb., 21, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/21

Cattle futures closed mostly higher Tuesday, supported by positive fundamentals. Live Cattle futures closed average of 58¢ higher, except for an average of 30¢ lower in the front two contracts. Feeder Cattle futures closed an average of $2.22 higher, except for 35¢ higher in spot Mar. Negotiated cash fed cattle trade ranged from a [...]

6:50

Cattle Current Podcast—Feb. 20, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/20

Futures and equity markets were closed Monday in observance of President's Day. 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 lower in the Southern Plains at $180/cwt., unevenly steady in Nebraska [...]

9:14

Cattle Current Podcast—Feb. 19, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/18

Cattle futures rallied higher Friday helped along by recently stronger wholesale beef values. Live Cattle futures closed average of $1.11 higher (65¢ to $1.95 higher). Feeder Cattle futures closed an average of $1.67 higher (50¢ higher at the back to $3.32 higher at the front). Negotiated cash fed cattle trade ranged from mostly inactive [...]

7:07

Cattle Current Podcast—Feb. 16, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/16

Live Cattle futures closed higher Thursday, supported by firmer wholesale beef values and more reprieve in Corn futures. Live Cattle futures closed average of 64¢ higher (17¢ higher at the back to $1.60 higher toward the front). Feeder Cattle futures closed an average of 57¢ lower, except for an average of 75¢ higher in [...]

7:28

Cattle Current Podcast—Feb. 15, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/15

Overbought conditions, seasonally lower wholesale beef values, early cash fed cattle sales at lower money and the previous day’s surprisingly strong Consumer Price Index all weighed on Cattle futures Wednesday. Feeder Cattle futures closed an average of $2.43 lower. Live Cattle futures closed an average of $1.57 lower. Negotiated cash fed cattle trade ranged [...]

5:59

Cattle Current Podcast—Feb. 14, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/14

Cattle futures softened Tuesday with pressure from outside markets and likely profit taking. Feeder Cattle futures closed an average of $1.07 lower. Live Cattle futures closed an average of 73¢ lower. Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing [...]

9:27

Cattle Current Podcast—Feb. 12, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/11

Cattle futures eased Friday as traders appeared to take a break from the week's strong gains and awaiting cash fed cattle direction which ultimately proved positive. Feeder Cattle futures closed an average of $1.23 lower (15¢ to $2.45 lower) except for 30¢ higher in spot Mar. Live Cattle futures closed an average of 25¢ [...]

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Cattle Current Market Update with Wes Ishmael

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