Cattle Current Market Update with Wes Ishmael

Negotiated cash fed cattle trade was moderate on moderate demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $7-$8 lower at $248/cwt. and dressed delivered prices were $10 lower at $393. Trade was limited on moderate demand in Kansas and the western Corn Belt. Although too few [...]

Cattle futures were mixed on Wednesday. Toward the close, Live Cattle futures were an average of 65¢ lower, pressured in part by weakening post-holiday wholesale beef values. Feeder Cattle futures were an average of $1.14 higher, except for an average of 72¢ lower in three contracts with support from the cash market. Negotiated cash [...]

Cattle futures were lower Tuesday, led by Feeder Cattle. Toward the close, Live Cattle futures were an average of 32¢ lower. Feeder Cattle futures were an average of $1.62 lower, except for 35¢ higher in spot Aug. Negotiated cash fed cattle trade was mostly inactive on light demand in Kansas and in the North [...]

Cattle futures were narrowly mixed on Monday. Toward the close, Live Cattle futures were an average of 43¢ higher, despite last week’s lower cash fed cattle prices. Feeder Cattle futures were an average of 37¢ lower, except for an average of 33¢ higher in two contracts, with recent cash pressure and higher grain futures [...]

Equity and futures markets were closed Friday in observance of Independence Day. Negotiated cash fed cattle trade ranged from active on good demand in Kansas to light on moderate demand in the North through Thursday afternoon, according to the Agricultural Marketing Service. For the week, FOB live prices were $3 lower in Kansas at [...]

Cattle futures were narrowly mixed Wednesday with traders awaiting more negotiated cash fed direction. Toward the close, Live Cattle futures were an average of 29¢ higher, except for an average of 39¢ lower in two contracts. Feeder Cattle futures were narrowly mixed, from an average of 29¢ lower through the front half of the [...]

Cattle futures continued lower Tuesday with month-end and quarter-end positioning. Toward the close, Live Cattle futures were an average of 96¢ lower, except for 80¢ higher in spot Jun and 2¢ higher at the back. Feeder Cattle futures were an average of $3.29 lower. Negotiated cash fed cattle trade was inactive on light demand [...]

Cattle futures closed lower again Monday with likely continued profit taking and positioning ahead of month-end and quarter-end. Toward the close, Live Cattle futures were an average of $1.49 lower. Feeder Cattle futures were an average of $2.16 lower. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding [...]

Negotiated cash fed cattle trade remained largely undeveloped through Friday afternoon. The only established trade for the week, based on USDA reports, was mostly steady FOB live prices in the western Corn Belt at $260/cwt. Late-day private reports suggested unevenly steady prices across a broader area. The previous week, FOB live prices were $258-$260/cwt. [...]

Cattle futures crawled higher Thursday. Toward the close, Live Cattle futures were an average of 49¢ higher, except for 5¢ lower in near Dec. Feeder Cattle futures were an average of 66¢ higher. Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Thursday afternoon, according [...]

Cattle futures were higher Wednesday. Toward the close, Live Cattle futures were an average of $1.09 higher. Feeder Cattle futures were an average of $3.18 higher. Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service. Last week, [...]

Cattle futures trended lower Tuesday with likely profit taking. Toward the close, Live Cattle futures were an average of 97¢ lower. Feeder Cattle futures were an average of $1.06 lower. Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural [...]

Cattle futures were higher Monday, responding to last week’s higher negotiated cash fed cattle prices, supportive outside markets and the friendly placement number in Thursday’s Cattle on Feed report. Toward the close, Live Cattle futures were an average of $1.69 higher. Feeder Cattle futures were an average of $4.14 higher. Negotiated cash fed cattle [...]

Negotiated cash fed cattle trade ranged from limited on moderate demand in Nebraska to mostly inactive on light demand elsewhere through Friday afternoon, according to the Agricultural Marketing Service. Although established trade was undeveloped through Friday afternoon, there were private reports of FOB live bids at $258-$260 in various regions. The previous week, FOB [...]

Cattle futures softened Thursday with the lack of negotiated cash fed cattle direction, positioning ahead of the three-day weekend and monthly Cattle on Feed report (see below), as well as potential profit taking. Toward the close, Live Cattle futures were an average of $1.14 lower. Feeder Cattle futures were an average of 75¢ lower. [...]

Cattle futures took a breather on Wednesday with likely profit taking and positioning ahead of Friday’s Cattle on Feed report. Toward the close, Live Cattle futures were an average of 41¢ lower, except for 62¢ higher in spot Jun. Feeder Cattle futures were an average of 68¢ higher. Negotiated cash fed cattle trade was [...]

Cattle futures gained more steam on Tuesday, supported by the recent bounce in wholesale beef values and thoughts cash fed cattle prices could gain this week. Toward the close, Live Cattle futures were an average of $4.52 higher. Feeder Cattle futures were an average of $6.56 higher. Negotiated cash fed cattle trade was inactive [...]

Cattle futures bounced higher Monday, buoyed by positive outside markets and falling Crude Oil futures, in response to the announced resolution to the U.S.-Iran war. Keep in mind that Juneteenth on Friday shortens the trading week and that the monthly Cattle on Feed report will be published Thursday. Toward the close, Live Cattle futures [...]

Negotiated cash fed cattle trade was mostly inactive on light demand in Kansas through Friday afternoon, according to the Agricultural Marketing Service. Elsewhere, trade was limited on moderate demand. Although too few transactions to trend in those regions, there were some FOB live trades at $256/cwt. in the Texas Panhandle, $255 in Nebraska and [...]

Cattle futures ground higher Thursday with fundamental strength. Toward the close, Live Cattle futures were an average of $1.61 higher. Feeder Cattle futures were an average of $4.44 higher. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service. [...]

Cattle futures were mostly higher Wednesday with increased chances of steady to higher negotiated cash fed cattle prices this week. Toward the close, Live Cattle futures were an average of $1.14 higher, except for 10¢ lower in the back contract. Feeder Cattle futures were an average of 73¢ higher, except for unchanged to 20¢ [...]

Cattle futures strengthened Tuesday, perhaps with renewed focus on tightening supplies. Toward the close, Live Cattle futures were an average of $2.11 higher. Feeder Cattle futures were an average of $2.68 higher. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Tuesday afternoon, according to the [...]

Cattle futures softened Monday with likely profit taking and positioning. Toward the close, Live Cattle futures were an average of $4.16 lower. Feeder Cattle futures were an average of $3.54 lower. Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Monday afternoon, according to the [...]

Cattle futures extended gains Friday. Live Cattle futures were an average of 79¢ higher. Feeder Cattle futures were an average of 53¢ higher, except for 25¢ lower in the back contract. Week to week on Friday, Live Cattle futures closed an average of $2.01 higher, and Feeder Cattle futures closed an average of $6.22 [...]

Cattle futures roared higher Thursday, despite confirmation of New World screwworm in the United States. Apparently, the eventuality was priced into the market and removing the uncertainty added buyer confidence. Feeder Cattle futures were an average of $10.68 higher, limit up in all but three contracts. Live Cattle futures were an average of $3.85 [...]