PODCAST

Cattle Current Market Update with Wes Ishmael

Wes Ishmael: cattle business analyst and journalist

Daily Cattle Market News

business business news

All Episodes

7:47

Cattle Current Podcast—Jan. 11, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/11

Negotiated cash fed cattle trade ranged from slow on light demand to mostly a standstill through Wednesday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were a few early FOB live trades in the western Corn Belt at $175/cwt. and a few dressed delivered sales at $274-$275. Last week, [...]

5:20

Cattle Current Podcast—Jan. 10, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/10

Howdy to all, this is Wes Ishmael with your Cattle Current Market Update for Tuesday night and Wednesday morning the 10th of January. Live Cattle futures closed mostly higher Tuesday with late-session support tied to widespread severe weather dampening packer production and feedlot cattle performance. Feeder Cattle mostly followed along. Live Cattle futures closed [...]

7:31

Cattle Current Podcast—Jan. 9, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/09

Cattle futures moved higher early in the day, supported by last week’s stronger cash fed cattle prices, looming performance-depressing weather and some thoughts that the bottom is in or near for Choice wholesale beef values. By the end, Feeder Cattle closed mostly higher with help from lower Corn futures, while Live Cattle finished lower, [...]

8:04

Cattle Current Podcast—Jan. 8, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/07

Cattle futures softened Friday with continued pressure by the week’s decline in Choice wholesale beef prices. Choice boxed beef cutout value was $1.26 higher Friday afternoon at 277.16/cwt. and Select was 71¢ higher at $259.53/cwt. Week to week, however, Choice was down $12.55, while Select was 80¢ lower. Feeder Cattle futures closed an average [...]

6:19

Cattle Current Podcast—Jan. 5, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/05

Cattle futures softened Thursday with pressure including the recent free-fall in Choice wholesale beef values and relatively light volume. Feeder Cattle futures closed an average of $1.08 lower. Live Cattle futures closed an average of 44¢ lower. Negotiated cash fed cattle trade ranged from slow on light demand to a standstill through Thursday afternoon, [...]

5:21

Cattle Current Podcast—Jan. 4, 2024

Cattle Current Market Update with Wes Ishmael ·

2024/01/04

Cattle futures struggled to a narrowly mixed close Wednesday, pressured by lower outside markets and falling wholesale beef values through much of the session. Stronger cash fed cattle prices added support later. Feeder Cattle futures closed mixed, from an average of 19¢ lower to an average of 43¢ higher. Live Cattle futures closed mixed, [...]

6:19

Cattle Current Podcast—Jan. 3, 2023

Cattle Current Market Update with Wes Ishmael ·

2024/01/03

Cattle futures rallied on Tuesday, supported by last week's stronger cash fed cattle prices and more trade volume. Feeder Cattle futures closed an average of $3.10 higher. Live Cattle futures closed an average of $1.79 higher, ($1.15 to $3.42 higher), except for 82¢ lower in newly minted away Jun. Negotiated cash fed cattle trade [...]

6:51

Cattle Current Podcast—Jan. 1 and 2, 2024

Cattle Current Market Update with Wes Ishmael ·

2023/12/31

Negotiated cash fed cattle trade was slow on light demand in all regions through Friday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were $1 higher in the Texas Panhandle at $172/cwt., $1-$2 higher in Kansas at $172, $1 higher in Nebraska at $172-$173 and mostly $2 higher in [...]

5:24

Cattle Current Podcast—Dec. 29, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/29

Negotiated cash fed cattle trade ranged from moderate on moderate demand to mostly inactive on light demand through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $1 higher in the Texas Panhandle at $172/cwt., $1-$2 higher in Kansas at $172 and mostly $2 higher in the western Corn Belt at [...]

5:21

Cattle Current Podcast—Dec. 28, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/28

Cattle futures closed mixed Wednesday in light holiday trade. Feeder Cattle futures closed an average of 57¢ higher (7¢ to 92¢ higher). Live Cattle futures closed an average of 34¢ lower (12¢ to $1.12 lower), except for 15¢ higher in waning spot Dec. Negotiated cash fed cattle trade was at a standstill in all [...]

6:30

Cattle Current Podcast—Dec. 27, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/27

Cattle futures faded early pressure Tuesday to close higher amid light holiday trade. Support included last week’s higher cash fed cattle prices and the weekend’s harsh weather in parts of cattle feeding country. Stronger outside markets helped, as did the fact that traders had apparently already factored in last week’s Cattle on Feed Report, [...]

6:59

Cattle Current Podcast—Dec. 25-26, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/23

Cattle futures were mixed on Friday, ahead of the monthly Cattle on Feed report and amid light holiday trade. Feeder Cattle futures closed an average of $1.39 higher (97¢ to $2.07 higher). Week to week on Friday, Feeder Cattle futures closed an average of $3.91 higher ($1.85 higher at the front to $5.45 higher [...]

6:18

Cattle Current Podcast—Dec. 22, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/22

Cattle futures closed mostly lower amid light trade Thursday, perhaps also pressured by positioning ahead of Friday's Cattle on Feed report that will come out after tomorrow's close. Feeder Cattle futures closed an average of $1.83 lower. Live Cattle futures closed an average of $1.36 lower (90¢ to $1.65 lower), except for 52¢ higher [...]

5:00

Cattle Current Podcast—Dec. 21, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/21

Cattle futures gained strength late in yesterday’s session, albeit amid light pre-holiday trade. Support included chatter that beef packers appear to be short-bought and may have to advance cash prices this week. Feeder Cattle futures closed an average of $2.40 higher. Live Cattle futures closed an average of 98¢ higher (45¢ to $1.57 higher). [...]

5:21

Cattle Current Podcast—Dec. 20, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/20

Cattle futures eased lower Tuesday, awaiting cash direction and with some potential positioning ahead of Friday's monthly Cattle on Feed report. Depending on whose numbers you follow, estimates are for November placements to be about 4% less year over year with November marketings down about 7% and the Dec. 1 on-feed inventory about 2% [...]

6:12

Cattle Current Podcast—Dec. 19, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/19

Cattle futures rallied higher Monday with follow-through support, including renewed buying interest, especially in Feeder Cattle, and firming cash fed cattle prices at the end of last week. Feeder Cattle futures closed an average of $2.40 higher ($1.97 to $2.85 higher). Live Cattle futures closed an average of 68¢ higher (27¢ to 97¢ higher). [...]

7:45

Cattle Current Podcast—Dec. 18, 2023

Cattle Current Market Update with Wes Ishmael ·

2023/12/17

Cattle futures continued higher Friday, supported by friendlier outside markets and oversold conditions. Feeder Cattle futures closed an average of $2.24 higher ($1.55 to $2.57 higher). They were an average of $6.68 higher week to week ($4.95 to $7.98 higher). Live Cattle futures closed an average of $1.12 (72¢ to $1.42 higher). They were [...]

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Cattle Current Market Update with Wes Ishmael

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