PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

9:11

Cattle Current Podcast—Feb. 9, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/09

Live Cattle futures closed an average of 84¢ higher Thursday (5¢ higher at the back to $1.77 higher toward the front), supported by friendly World Agricultural Supply and Demand Estimates (see below) and prospects of higher cash prices this week. Feeder Cattle futures closed mixed, from an average of 53¢ higher through the front [...]

7:23

Cattle Current Podcast—Feb. 8, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/08

Cattle futures took a breather Wednesday with traders apparently waiting for the week’s cash direction. Feeder Cattle futures closed an average of 47¢ lower (17¢ lower toward the back to $1.12 lower in the spot month). Live Cattle futures closed an average of 76¢ lower (27¢ lower at the back to $1.27 lower toward [...]

6:17

Cattle Current Podcast—Feb. 7, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/07

Cattle futures roared back Tuesday with apparent fund buying. Feeder Cattle futures closed an average of $2.78 higher (from $1.95 higher at the back to $3.92 higher at the front). Live Cattle futures closed an average of $2.04 higher (from $1.05 higher near the back to $3.72 higher toward the front). Negotiated cash fed [...]

7:50

Cattle Current Podcast—Feb. 6, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/06

Cattle futures closed lower Monday on oversold conditions and likely profit taking as traders await this week’s cash direction. Feeder Cattle futures closed an average of $1.89 lower. Live Cattle futures closed an average of $1.19 lower. Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing [...]

9:33

Cattle Current Podcast—Feb. 5, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/05

Cattle futures were narrowly mixed Friday as traders paused at the end of a significantly positive week, fueled by gains in cash fed cattle prices and supported by the friendly Cattle report. For the week, FOB live prices were $3 higher in the Texas Panhandle at $178/cwt., $4 higher in Kansas at $178-$179, steady [...]

5:39

Cattle Current Podcast-Feb, 2, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/02/02

Cattle futures charged ahead Thursday, fueled by strong gains in cash fed cattle prices and the bullish Cattle inventory report (see below) released after trading the previous day. Feeder Cattle futures closed an average of $3.90 higher ($3.21 higher at the back to $4.72 higher at the front). Live Cattle futures closed an average [...]

4:03

Cattle Current Podcast—Jan. 31, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/31

Cattle futures bounced back Tuesday, perhaps with positioning ahead of Wednesday's Cattle inventory report. Feeder Cattle futures closed an average of $1.98 higher, except for 27¢ higher in the back contract. Live Cattle futures closed an average of 80¢ higher, 52¢ to $1.27 higher. Negotiated cash fed cattle trade ranged from mostly inactive on [...]

7:26

Cattle Current Podcast—Jan. 30, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/30

Cattle futures started Monday's session with follow-through support that faded as the day wore on amid likely profit taking and positioning ahead of Wednesday's USDA Cattle inventory report. Although another year of beef cow contraction is widely anticipated, the degree will also depend on whether USDA makes any adjustments to prior-year figures. Feeder Cattle [...]

7:18

Cattle Current Podcast—Jan. 29, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/28

Cattle futures continued higher Friday, buoyed by lighter carcass weights due to the weather, higher cash fed cattle prices and strong wholesale beef values. Feeder Cattle futures closed an average of $1.62 higher. Week to week, they were up an average of $7.64. Live Cattle futures closed an average of 94¢ higher. They were [...]

7:13

Cattle Current Podcast—Jan. 26, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/26

Negotiated cash fed cattle prices bounced higher Thursday. FOB live prices were $1.50 higher in the Texas Panhandle at $175/cwt., $2 higher in Kansas at $175, $2-$4 higher in Nebraska at $175-$177 and unevenly steady in the western Corn Belt at $174-$176. Dressed delivered prices $3-$4 higher in Nebraska at $277. Prices in the [...]

5:24

Cattle Current Podcast—Jan. 25. 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/25

Cattle futures extended gains Wednesday with help from higher cash fed cattle prices, albeit in limited trade. Feeder Cattle futures closed an average of 53¢ higher. Live Cattle futures closed an average of 61¢ higher. Negotiated cash fed cattle trade was moderate on moderate demand in Kansas through Wednesday afternoon, according to the Agricultural [...]

5:17

Cattle Current Podcast—Jan. 24, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/24

Cattle futures bounced higher Tuesday with support from stronger wholesale beef values. Feeder Cattle were also buoyed by hefty cash trade. Feeder Cattle futures closed an average of $1.87 higher ($1.47 to $2.37 higher). Live Cattle futures closed an average of 63¢ higher. Choice boxed beef cutout value was $2.99 higher Tuesday afternoon at [...]

7:20

Cattle Current Podcast—Jan. 23, 2023

Cattle Current Market Update with Wes Ishmael ·

2024/01/23

Cattle futures faded early pressure to close narrowly mixed Monday. Despite the neutral Cattle on Feed report, reasons for skittishness included anemic cash fed cattle trade at static prices. Feeder Cattle futures closed from an average of 44¢ lower in the front three contracts to an average of 24¢ higher. Live Cattle futures closed [...]

8:31

Cattle Current Podcast—Jan. 22, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/20

Negotiated cash fed cattle trade on Friday ranged from a standstill in the Southern Plains to slow on light demand in the North, but with too few transactions to trend, according to the Agricultural Marketing Service. The previous week, FOB live prices were $172/cwt. in the Southern Plains, $173 in Nebraska and $175 in [...]

5:46

Cattle Current Podcast—Jan. 19, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/19

Cattle futures stretched higher Thursday, led by Feeder Cattle. Recently higher wholesale beef prices and growing prospects of steady to higher cash fed cattle prices this week added support. There was also likely some positioning ahead of the monthly Cattle on Feed report scheduled for release Friday. Analyst estimates ahead of the report peg [...]

6:01

Cattle Current Podcast—Jan. 18, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/18

Cattle futures faded early pressure to close mostly higher Wednesday with help from resurgent wholesale beef values. Feeder Cattle futures closed an average of 83¢ higher. Live Cattle futures closed an average of 45¢ higher, except for 2¢ lower in spot Feb. Negotiated cash fed cattle trade ranged from inactive on light demand to [...]

6:12

Cattle Current Podcast—Jan. 17, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/17

Cattle futures strengthened Tuesday, helped along by recently higher wholesale beef values and likely lower fed cattle carcass weights in the near term due to the severe winter weather. Feeder Cattle futures closed an average of $1.16 higher. Live Cattle futures closed an average of 74¢ higher (22¢ higher at the back to $1.75 [...]

4:14

Cattle Current Podcast—Jan. 16, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/16

Futures and equity markets were closed Monday in observance of Martin Luther King, Jr. Negotiated cash fed cattle prices were at a standstill through Monday afternoon, according to the Agricultural Marketing Service. Last week, they wobbled on either side of steady. FOB live prices were steady to $1 lower in the Southern Plains at [...]

9:03

Cattle Current Podcast—Jan. 15, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/15

Feeder Cattle futures closed an average of 49¢ higher Friday, helped by falling Corn futures, which were pressured by the latest World Agricultural Supply and Demand Estimates (see below). Week to week on Friday, Feeder Cattle closed an average of $3.25 higher. Live Cattle futures closed an average of 26¢ lower, except for unchanged [...]

6:29

Cattle Current Podcast—Jan. 12, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/12

Cattle futures faded early pressure Thursday to close higher with support including the bounce higher in Choice wholesale beef prices. Feeder Cattle futures closed an average of $1.24 higher. Live Cattle futures closed an average of 62¢ higher (32¢ to $1.05 higher). Choice boxed beef cutout value was $2.82 higher Thursday afternoon at 285.89/cwt. [...]

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Cattle Current Market Update with Wes Ishmael

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