Cattle Current Market Update with Wes Ishmael

Cattle futures regained some ground Thursday. Toward the close, Live cattle futures were an average of $1.17 higher. Feeder Cattle futures were an average of $2.03 higher. Negotiated cash fed cattle trade was moderate on moderate demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service. So far this week, FOB live [...]

Live Cattle futures firmed and clawed higher Wednesday, while all but the front months drifted lower in Feeder Cattle. Toward the close, Live cattle futures were an average of $1.21 higher. Feeder Cattle futures were an average of $1.40 lower, except for an average of $1.06 higher in the front two contracts.   Negotiated [...]

Cattle futures plunged Tuesday with technical correction, exaggerated by apparent fund selling and wariness over seasonal pressure on cash fed cattle prices and wholesale beef values. Toward the close, Live cattle futures were an average of $5.93 lower. Feeder Cattle futures were limit down $9.25, except for $7.80 lower in the back contract.   [...]

Cattle futures were mostly higher Monday but hesitantly. Toward the close, Live cattle futures were an average of 58¢ higher, except for 22¢ lower in spot Oct. Feeder Cattle futures were an average of 98¢ higher, except for 65¢ lower in away Sep.   Negotiated cash fed cattle trade was inactive on light demand [...]

Cattle futures were softer again Friday with pressure from declining wholesale beef values and lower outside markets. Live cattle futures closed an average of $1.26 lower. Feeder Cattle futures closed an average of $2.34 lower, except for unchanged in spot Sep. Week to week on Friday, Live Cattle futures closed an average of $3.60 [...]

Cattle futures were mixed Tuesday after a strong start with likely pressure from more bearish outside markets. Toward the close, Live cattle futures were narrowly mixed, from an average of 10¢ lower in six contracts to an average of 14¢ higher. Feeder Cattle futures were mixed, from an average of 85¢ lower in four [...]

Cattle futures regained the previous session's losses and more on Friday as traders retrenched for the beginning of a new month. Live cattle futures were an average of $2.70 higher and Feeder Cattle futures were an average of $3.89 higher. Week to week on Friday, Live Cattle futures closed an average of $2.61 higher [...]

Cattle futures closed lower Thursday with likely profit taking ahead of the long weekend. Toward the close, Live cattle futures were an average of $2.03 lower. Feeder Cattle futures were an average of $2.87 lower, except for 55¢ higher in expiring Aug. Negotiated cash fed cattle trade was moderate on moderate demand in Kansas [...]

Cattle futures continued to push higher Wednesday. As the week wears on there is likely to be some profit taking ahead of the long weekend. Toward the close, Live cattle futures were an average of 70¢ higher, except for 17¢ lower in waning spot Aug. Feeder Cattle futures were an average of 96¢ higher. [...]

Cattle futures rebounded and gained on bullish fundamentals Tuesday, following the previous session's volatility tied to news of New World screwworm confirmed in a U.S. resident, who was infected while traveling in South America. Toward the close, Live cattle futures were an average of $1.57 higher. Feeder Cattle futures were an average of $2.81 [...]

Cattle futures gapped lower on the open Monday, pressured by Friday's Cattle on Feed report and Headlines about a human case of New World screwworm being confirmed in the U.S. (see below). However, Cattle futures recovered much of the lost ground by the end of the session. Toward the close, Live cattle futures were [...]

Cattle futures surged higher Friday, supported by strong fundamentals and perhaps receiving a boost from stronger outside markets. Live cattle futures were an average of $1.73 higher. Feeder Cattle futures were an average of $4.18 higher. Week to week on Friday, Feeder Cattle futures were an average of $16.86 higher and Live Cattle were [...]

Cattle futures traded both sides of steady through Thursday but were mainly higher toward the close. Live cattle futures were an average of 58¢ higher, except for unchanged and 7¢ lower in the front two contracts. Feeder Cattle futures were an average of 87¢ higher. Keep in mind that USDA will release the monthly [...]

Stronger cash fed cattle prices and the recent surge in wholesale beef value helped drive Cattle futures higher on Wednesday. Toward the close, Live cattle futures were an average of $2.92 higher. Feeder Cattle futures were an average of $5.97 higher. Negotiated cash fed cattle trade was moderate on moderate demand in Nebraska through [...]

Cattle futures continued mostly higher Tuesday with continued power from fundamental strength. Toward the close, Live cattle futures were an average of 73¢ higher (5¢ to $1.55 higher), except for 42¢ lower in spot Aug. Feeder Cattle futures were an average of $2.49 higher. Negotiated cash fed cattle trade was inactive on light to [...]

Cattle futures closed higher again Monday with follow-through support from the previous session and surging wholesale beef values. Toward the close, Live cattle futures were an average of $1.31 higher (15¢ to $1.82 higher). Feeder Cattle futures were an average of $3.97 higher. Negotiated cash fed cattle trade was inactive on moderate demand in [...]

Cattle futures closed higher Friday on stronger wholesale beef values and the fact that USDA's New World Screwworm update the previous day did not include reopening the U.S. border to Mexican cattle, as some had feared. Live cattle futures closed an average of $3.43 higher. Feeder Cattle futures closed an average of $4.53 higher. [...]

Cattle futures closed sharply lower Friday on likely profit taking, week-end positioning and lack of weekly cash fed cattle direction. However, they still posted strong weekly gains. Live cattle futures closed an average of $5.10 lower. Feeder Cattle futures closed mostly limit down, an average of $9.20 lower. However, week to week on Friday, [...]

Cattle futures continued higher yet again Thursday, riding the same bullish fundamentals. Toward the close, Live cattle futures were an average of $3.32 higher. Feeder Cattle futures were an average of $5.95 higher. Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Thursday afternoon, according [...]

Cattle futures powered upward Wednesday, helped along by another bounce in wholesale beef values and growing expectations of steady to higher cash fed cattle trade again this week. Toward the close, Live cattle futures were an average of $2.04 higher. Feeder Cattle futures were an average of $3.91 higher. Negotiated cash fed cattle trade [...]

Cattle futures charged higher Tuesday, helped along by last week's record-high cash fed cattle prices and resurgent wholesale beef values. Toward the close, Live cattle futures were an average of $3.29 higher. Feeder Cattle futures were an average of $5.65 higher. Negotiated cash fed cattle trade was inactive on moderate demand in all major [...]

Cattle futures extended gains Monday, helped along by last week's stronger negotiated cash fed cattle prices and thoughts that wholesale beef values may have established the seasonal bottom. Toward the close, Live cattle futures were an average of 52¢ higher. Feeder Cattle futures were an average of 78¢ higher. Negotiated cash fed cattle trade [...]

Cattle futures bounced back Friday after the previous session's sharp decline and despite bearish outside markets. Live cattle futures closed an average of 98¢ higher. Feeder Cattle futures closed an average of $1.59 higher. Cattle futures were mostly higher week to week on Friday, which says plenty when considering the sharp downward correction on [...]

Cattle futures closed sharply lower Thursday with likely profit taking, month-end position squaring and technical wariness over the impact of steeper U.S. tariffs on Brazilian beef imports. Toward the close, Live cattle futures were an average of $4.68 lower. Feeder Cattle futures were an average of $8.59 lower. Negotiated cash fed cattle trade was [...]

Cattle futures continued to grind higher Wednesday on bullish supply and demand fundamentals. Toward the close, Live cattle futures were an average of $2.06 higher. Feeder Cattle futures were an average of $2.74 higher. So far this week, Live Cattle futures are $4.80 higher and Feeder Cattle futures are $7.77 higher. Negotiated cash fed [...]

Cattle futures were higher Friday ahead of the monthly Cattle on Feed and semiannual Cattle inventory reports. Live cattle futures were an average of 67¢ higher. Feeder Cattle futures were an average of $2.08 higher. Week to week on Friday, Live Cattle futures were $3.80 higher and Feeder Cattle futures were $8.34 higher. Negotiated [...]

Cattle futures were lower Thursday on likely profit taking and positioning ahead of Friday's Cattle on Feed and Cattle inventory reports. Toward the close, Live cattle futures were an average of 84¢ lower. Feeder Cattle futures were an average of $2.39 lower. Negotiated cash fed cattle trade was limited on moderate demand in the [...]

Cattle futures gapped higher Wednesday, supported by outside markets and perhaps some early positioning ahead of the monthly Cattle on Feed and semiannual Cattle inventory reports due out Friday. Toward the close, Live cattle futures were an average of $2.25 higher. Feeder Cattle futures were an average of $4.39 higher. Negotiated cash fed cattle [...]

Cattle futures moved higher Tuesday, except for slightly lower in nearby Live Cattle contracts. Toward the close, Live cattle futures were an average of 50¢ higher, except for an average of 37¢ lower in the front three contracts. Feeder Cattle futures were an average of $1.16 higher. Negotiated cash fed cattle trade was mostly [...]

Cattle futures gained ground Monday, buoyed by the Live Cattle discount to cash, as well as ongoing strong cash demand for feeder cattle. Toward the close, Live cattle futures were an average of $1.92 higher. Feeder Cattle futures were an average of $3.76 higher. Negotiated cash fed cattle trade was mostly inactive on moderate [...]

Cattle futures closed lower Friday with likely week-end profit taking. Live cattle futures closed an average of 72¢ lower (12¢ lower in spot Aug to $1.00 lower). Feeder Cattle futures closed an average of $1.39 lower. Week to week on Friday, Live Cattle futures closed an average of 77¢ higher (12¢ higher toward the [...]

Cattle futures wobbled Thursday, awaiting the week's cash fed cattle direction while wholesale beef values continue their seasonal decline. Toward the close, Live cattle futures were an average of 48¢ lower, except for 2¢ higher in the back contract.  Feeder Cattle futures were mixed, from unchanged to an average of 34¢ lower in the [...]

Cattle futures extended gains Wednesday, supported by supply fundamentals and the cash premium to Live Cattle futures. Toward the close, Live cattle futures were an average of $1.47 higher. Feeder Cattle futures were an average of $3.56 higher. Negotiated cash fed cattle trade was inactive on moderate demand in all major cattle feeding regions [...]

Cattle futures closed higher Tuesday as traders retrenched with expectations of cash fed cattle prices at least mirroring last week's hefty gains. Toward the close, Live cattle futures were an average of $2.25 higher. Feeder Cattle futures were an average of $2.79 higher. Negotiated cash fed cattle trade was inactive on moderate demand in [...]

Cattle futures reversed Monday on likely profit taking from last week's heady gains as traders await this week's cash fed cattle direction and eye seasonally slumping wholesale beef values. Toward the close, Live cattle futures were an average of $1.92 lower. Feeder Cattle futures were an average of $4.82 lower. Negotiated cash fed cattle [...]

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 [...]