Cattle Current Market Update with Wes Ishmael

Cattle futures strengthened Friday on the back of the week's sharply higher fed cattle prices. Live cattle futures closed an average of $2.06 higher. Feeder Cattle futures closed an average of $3.42 higher. From Monday through Friday, Live Cattle futures closed an average of $5.51 higher. Feeder Cattle futures closed an average of $10.72 [...]

Cattle futures were mixed to higher Thursday with Feeder Cattle receiving additional support from reclosure of the southern border to Mexican cattle imports due to New World screwworm. Toward the close, Live cattle futures were mixed, from an average of 45¢ lower to an average of 24¢ higher. Feeder Cattle futures were an average [...]

Cattle futures continued mainly higher Wednesday, with positive outside markets and growing optimism about cash fed cattle prices this week. Toward the close, Live cattle futures were an average of $1.06 higher. Feeder Cattle futures were an average of $1.60 higher. Negotiated cash fed cattle trade was mostly inactive on moderate demand in all [...]

Cattle futures bounced higher Monday, supported by another day of lower Corn futures, the post-holiday bounce in wholesale beef values and thoughts that cash fed cattle prices could improve this week. Toward the close, Live cattle futures were an average of $2.40 higher. Feeder Cattle futures were an average of $5.04 higher. Negotiated cash [...]

Cattle futures closed higher Monday, buoyed by firmer cash fed cattle prices as last week progressed and by sharply lower Corn futures. Toward the close, Live cattle futures were an average of $1.70 higher (62¢ higher at the back to $2.20 higher). Feeder Cattle futures were an average of $3.46 higher (72¢ higher in [...]

Cattle closed mainly higher Thursday, supported by another day of bullish outside markets. Live cattle futures closed an average of 90¢ higher. Feeder Cattle futures closed an average of 52¢ higher, except for an average of 6¢ lower in the back two contracts. From last Thursday to the previous Friday, Live Cattle futures closed [...]

Cattle futures bounced back Wednesday and recovered about half of the previous session's losses which were tied to the kneejerk reaction to USDA's announced plans to begin reopening the Mexican border to cattle imports as soon as next week. Toward the close, Live cattle futures were an average of $1.58 higher.  Feeder Cattle futures [...]

Cattle futures closed sharply lower Tuesday in response to USDA's announced plans to begin reopening the Mexican border to cattle imports as soon as next week. Toward the close, Live cattle futures were an average of $2.50 lower. Feeder Cattle futures were an average of $4.73 lower. Negotiated cash fed cattle trade was inactive [...]

Cattle futures built on the previous session's gains Monday, supported once again by stronger outside markets and stronger cash fed cattle prices at the end of last week. Toward the close, Live cattle futures were an average of $1.04 higher. Feeder Cattle futures were an average of $2.34 higher. Negotiated cash fed cattle trade [...]

Cattle futures closed higher Friday, supported by stronger outside markets and resilient Choice wholesale beef values. Live cattle futures were an average of $2.55 higher ($1.45 higher at the back to $4.10 higher toward the front). Feeder Cattle futures were an average of $4.04 higher. Week to week on Friday, Live Cattle futures closed [...]

Negotiated cash fed cattle trade was light on moderate demand in Nebraska and limited on light demand in Kansas through Thursday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some early FOB live trades in Nebraska at $230/cwt. and a few in Kansas at $223-$225. Last week, FOB [...]

Cattle futures eased mainly lower again Wednesday as traders awaited direction from weekly cash fed cattle trade. Toward the close, Live cattle futures were an average of 53¢ lower except for 37¢ higher toward the back. Feeder Cattle futures were an average of 64¢ lower. Negotiated cash fed cattle trade was inactive on light [...]

Cattle futures eased mainly lower Tuesday, apparently waiting to see the week's cash fed cattle direction, despite higher outside markets and a surge in Choice wholesale beef value. Toward the close, Live cattle futures were an average of 53¢ lower except for 30¢ higher in near Aug. Feeder Cattle futures were an average of [...]

Cattle futures closed mixed but firmer Monday. Toward the close, Live cattle futures were mixed, from an average of 40¢ lower to an average of 28¢ higher. Feeder Cattle futures were an average of 71¢ higher. Negotiated cash fed cattle trade was inactive in all major cattle feeding regions through Monday afternoon, according to [...]

Cattle futures closed lower Friday after early support, likely pressured by softer cash fed cattle prices, weaker Choice wholesale beef values and perhaps some positioning ahead of the monthly Cattle on Feed report (see below). Live cattle futures were an average of $1.38 lower. Feeder Cattle futures were an average of $1.51 lower. Week [...]

Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service. So far, this week, FOB live prices are $4-$6 lower in Nebraska at $236/cwt. and $3-$4 lower in the western Corn Belt at $236-$238. Dressed delivered prices are [...]

Cattle futures were mainly firmer Wednesday. Toward the close, Live cattle futures were an average of 66¢ higher, except for an average of 55¢ lower in three contracts. Feeder Cattle futures were an average of 60¢ higher, except for an average of 95¢ lower in three contracts. Negotiated cash fed cattle trade ranged from [...]

Cattle futures sold sharply lower Tuesday with technical pressure, more bearish outside markets and worries about the potential impact stemming from the Israel-Iran conflict. Toward the close, Live cattle futures were an average of $3.51 lower. Feeder Cattle futures were an average of $5.89 lower. Negotiated cash fed cattle trade was inactive on moderate [...]

Cattle futures closed higher Monday, gaining back much of the lost gains from the previous session, as wholesale beef values increased and outside markets rebounded from skittishness tied to the conflict between Israel and Iran. Toward the close, Live cattle futures were an average of $2.72 higher. Feeder Cattle futures were an average of [...]

Cattle futures closed sharply lower Friday, with correction, pressure from lower outside markets and week-end positioning. Live cattle futures closed an average of $3.10 lower. Feeder Cattle futures closed an average of $4.86 lower. Week to week on Friday, Live Cattle futures closed an average of $3.28 lower. Feeder Cattle futures closed an average [...]

Negotiated cash fed cattle trade ranged from mostly inactive on moderate demand in the western Corn Belt to moderate on very good demand in Kansas through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $3-$8 higher in Kansas at $233-$238/cwt. Although too few to trend, there were some FOB live [...]

Negotiated cash fed cattle trade was limited on good demand in the Texas Panhandle through Wednesday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some FOB live trades at $235/cwt., which was steady with the previous day and $3 higher than last week. Elsewhere, demand with limited on [...]

Cattle futures closed mostly higher Tuesday following a downturn earlier in the session tied to reported rumors about an immigration and enforcement raid at a Nebraska packing house. Toward the close, Live cattle futures were an average of 49¢ higher, except for an average of 79¢ lower in two nearby contracts. Feeder Cattle futures [...]

Cattle futures closed mostly higher again Monday with further follow-through support from last week's surging cash fed cattle prices. Toward the close, Live cattle futures were an average of $1.10 higher (7¢ higher to $3.12 higher in spot Jun), except for an average 15¢ lower in two contracts. Feeder Cattle futures were an average [...]

Cattle futures closed mostly higher again Friday with follow-through support from the week's surging cash fed cattle prices. Live cattle futures closed an average of $1.16 higher (12¢ higher toward the back to $3.40 higher at the front), except for 2¢ lower in away Aug. Feeder Cattle futures closed an average of 61¢ higher [...]

Thursday was a banner day for cash fed cattle with active trade and very good demand in all major cattle feeding regions, according to the Agricultural Marketing Service. Compared to the previous week, FOB live prices were mostly $9 higher in the Texas Panhandle at $232/cwt., $10 higher in Kansas at $232 with some [...]

Cattle futures closed higher Wednesday with the hint of steady to higher cash fed cattle prices. Toward the close, Live cattle futures were an average of $2.28 higher. Feeder Cattle futures were an average of $2.68 higher. Negotiated cash fed cattle trade ranged from light on good demand in the Southern Plains to inactive [...]

Live Cattle futures started strong but were an average of $1.14 lower toward the close Tuesday, as traders awaited the week's cash direction. Feeder Cattle futures were an average of 21¢ lower. Negotiated cash fed cattle trade was inactive on moderate demand in all major cattle feeding regions through Tuesday afternoon, according to the [...]

Cattle futures were higher Monday, supported by last week's strong gains in cash fed cattle prices. Toward the close, Live cattle futures were an average of $1.40 higher. Feeder Cattle futures were an average of $3.04 higher. Negotiated cash fed cattle trade was inactive on moderate demand in all major cattle feeding regions through [...]

Cattle futures closed lower Friday with week-end and month-end position squaring and profit taking. Live cattle futures closed an average of 43¢ lower. Feeder Cattle futures closed an average of 93¢ lower. Week to week on Friday, Live Cattle futures closed an average of 86¢ lower (32¢ to $1.10 lower), recovering much of steep [...]

Cattle futures rebounded from the early-week sell-down on Thursday, supported by stronger negotiated cash fed cattle prices and higher post-holiday wholesale beef values. Lower Corn futures added support. Toward the close, Live cattle futures were an average of $1.82 higher ($1.50 to $2.17 higher). Feeder Cattle futures were an average of $4.10 higher. Negotiated [...]

Cattle futures were lower again Wednesday with funds likely taking more risk off the table following the previous session's jolt. Toward the close, Live cattle futures were an average of $1.16 lower. Feeder Cattle futures were an average of $2.65 lower. Negotiated cash fed cattle trade was mostly inactive on light to moderate demand [...]

Cattle futures were lower Monday but off session lows by the end of the day, despite last week's higher cash fed cattle prices and neutral Cattle on Feed report. There were some unfounded rumors of unfounded rumors that could have spooked funds and set loose the algos early in the session, but there's no [...]

Cattle futures were mostly higher again Friday, buoyed by the week's stronger cash fed cattle prices and seasonally stronger wholesale beef values. Live cattle futures closed an average of 32¢ higher, except for an average of 9¢ lower in two contracts. Feeder Cattle futures closed an average of $1.06 higher. Week to week on [...]

Cattle futures were higher Thursday, supported by the week's stronger cash fed cattle trade and perhaps some positioning ahead of Friday's Cattle on Feed report. Pre-report estimates peg April placements and marketings about 3% lower year over year, with the May 1 inventory of cattle on feed down about 1.5%. Live cattle futures were [...]

Negotiated cash fed cattle trade was limited on good demand in Kansas, Nebraska and the Western Corn Belt through Wednesday afternoon, according to the Agricultural Marketing Service. Although too few transactions to trend, there were some early FOB live trades in Nebraska at $229-$230/cwt. and a few dressed delivered sales at $360-$370. Likewise, there [...]

Wholesale beef prices surged higher Tuesday. Choice boxed beef cutout value was $3.93 higher Tuesday afternoon at $358.75/cwt. Select was 85¢ higher at $344.96. Negotiated cash fed cattle trade was mostly inactive on light to moderate demand in all major cattle feeding regions through Tuesday afternoon, with too few transactions to trend, according to [...]

Stronger wholesale beef values and last week's firm to higher cash fed cattle prices helped lift Live Cattle futures Monday. Toward the close, Live Cattle futures were an average of 89¢ higher. Feeder Cattle futures were mixed, from an average of 35¢ lower to an average of 13¢ higher. Negotiated cash fed cattle trade [...]

Cattle futures firmed Friday and gained back some of the steep losses from the previous two sessions, helped along by a bounce in wholesale beef values. Live Cattle futures were an average of 91¢ higher. Feeder Cattle futures were an average of $1.01 higher (62¢ to $1.77 higher). Week to week on Friday, Live [...]

Negotiated cash fed cattle prices gained on Thursday with moderate trade and good demand in the Texas Panhandle, Nebraska and the western Corn Belt, according to the Agricultural Marketing Service. FOB live prices were $1-$2 higher in the Texas Panhandle at mostly $220/cwt., $1-$4 higher in Nebraska at $229 and $1-$2 higher in the [...]

Cattle futures hit new highs Wednesday and then reversed to close sharply lower with likely profit taking and skittishness over the overbought status and price levels. Toward the close, Live Cattle futures were an average of $2.38 lower. Feeder Cattle futures were an average of $3.98 lower. Negotiated cash fed cattle trade ranged from [...]

Cattle futures eased lower Tuesday with likely profit taking from the previous session's strong gains. Toward the close, Live Cattle futures were an average of 73¢ higher (35¢ to $1.17 higher), except for an average of 32¢ lower in the front three contracts. Feeder Cattle futures were an average of 41¢ higher, except for [...]

Cattle futures popped higher Monday, helped along by more bullish outside markets and news that the U.S. shuttered the Southern border to cattle, bison and horses once again May 11 due to the spread of New World screwworm. “The protection of our animals and safety of our nation's food supply is a national security [...]

Cattle futures gained early in Friday's session and then closed lower with likely profit taking. Live Cattle futures were an average of 63¢ lower, except for 42¢ higher in spot Jun. Feeder Cattle futures were an average of $1.45 lower, except for 50¢ higher in spot May. Week to week on Friday, Live Cattle [...]

Cattle futures gained Thursday with higher cash fed cattle prices and stronger Choice wholesale beef values.   Toward the close, Live Cattle futures were an average of $1.22 higher. Feeder Cattle futures were an average of $2.83 higher. Negotiated cash fed cattle trade was light to moderate on very good demand in Nebraska and [...]

Cattle futures were lower Wednesday but pared losses as the session wore on, as traders took a breather from recent contract highs. Toward the close, Live Cattle futures were an average of 64¢ lower, except for 5¢ higher in away Jun. Feeder Cattle futures were an average of 69¢ lower. Negotiated cash fed cattle [...]

Lower outside markets helped keep Cattle futures in check Tuesday. Toward the close, Live Cattle futures were unchanged to an average of 21¢ higher, except for 7¢ lower in spot Jun. Feeder Cattle futures were unchanged to an average of 22¢ higher, except for 52¢ lower in spot May. Negotiated cash fed cattle trade [...]

Cattle futures extended gains Monday with follow-through support from last week's stronger cash fed cattle prices. Toward the close, Live Cattle futures were an average of $1.43 higher. Feeder Cattle futures were an average of $2.05 higher. Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions [...]

Cattle futures closed higher Friday, continuing to ride bullish fundamentals and stronger cash prices. Live Cattle futures closed an average of $1.88 higher. Feeder Cattle futures closed an average of $2.38 higher. Week to week on Friday, Live Cattle futures closed an average of $2.25 higher. Feeder Cattle futures were an average of $1.85 [...]

Cattle futures were mainly lower Thursday, despite the previous day's surge in cash fed cattle prices. Toward the close, Live cattle futures were an average of 52¢ lower, except for an average of 79¢ higher in the front two contracts. Feeder Cattle futures were an average of $1.39 lower, except for 47¢ higher in [...]

Cattle futures were higher Monday, supported by another week of stronger cash fed cattle prices and a day of sharply higher wholesale beef values. Toward the close, Live Cattle futures were an average of 83¢ (20¢ higher toward the back to $1.50 higher at the front). Feeder Cattle futures were an average of 51¢ [...]