Claim OwnershipCattle Current Market Update with Wes Ishmael
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Whether you trade cattle once a year or every day, Cattle Current with Wes Ishmael helps you stay in the market with a daily morning snapshot of the previous day's market action and news shaping the market ahead. Cattle market highlights and commentary include: market news; cash calf and feeder cattle price trends at auction; relevant futures prices and trends; cash fed cattle prices; overview of the cash grain market; trends in major Equity indexes. Stay in the market.
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Cattle futures continued closed lower Friday, but off session lows. Pressure included the week’s softer cash fed cattle prices, news about U.S. tariffs being rolled back on Brazilian beef imports and Tyson announcing closure of its packing plant in Lexington, Neb. Live Cattle futures were an average of 33¢ lower. Feeder Cattle futures were [...]
Cattle futures continued to unwind Thursday. Toward the close, Live Cattle futures were an average of $2.01 lower. Feeder Cattle futures were an average of $3.92 lower. Negotiated cash fed cattle trade ranged from light on moderate demand in the western Corn Belt to limited on moderate demand in Nebraska and Kansas. Trade was [...]
Cattle futures sagged lower Wednesday with pressure from lower negotiated cash fed cattle prices and sluggish wholesale beef values. Toward the close, Live Cattle futures were an average of $2.60 lower. Feeder Cattle futures were an average of $4.83 lower, except for 90¢ higher in spot Nov. Presumably, USDA will publish the November Cattle [...]
Cattle futures extended gains from the previous session on Monday with a feeling of confidence, despite more negative rhetoric from the White House, aimed at beef packers this time (see below). Toward the close, Live Cattle futures were an average of $7.02 higher. Feeder Cattle futures were limit-up $9.250, except for $2.80 higher in [...]
Cattle futures firmed Friday. Live Cattle futures were an average of $2.74 higher. However, they were an average $6.97 lower week to week on Friday. That’s about an average $23.09 lower over the past three weeks. Feeder Cattle futures were an average of $2.36 higher on Friday but an average of $13.38 lower week [...]
Cattle futures moved lower again on Thursday with follow-through pressure and lower negotiated cash fed cattle prices for the week. Toward the close, Live Cattle futures were an average of 74¢ lower, except for $1.85 higher in the back contract. Feeder Cattle futures were an average of $4.96 lower. Negotiated cash fed cattle trade [...]
Cattle futures extended losses Wednesday, trading mostly limit-down, as traders hunt for a bottom to the emotionally driven break, tied to President Trumps goal of lowering domestic retail beef prices. Toward the close, Live Cattle futures were an average of $7.20 lower. Feeder Cattle futures were an average of $9.19 lower. Negotiated cash fed [...]
Queasiness about political intent for the cattle markets and wonderments about resumption of cattle imports from Mexico pressured Cattle futures on Tuesday. Toward the close, Live Cattle futures were an average of $4.25 lower. Feeder Cattle futures were an average of $8.09 lower. Negotiated cash fed cattle trade was inactive on light demand in [...]
Fundamentals appeared to return to Cattle futures trade Monday as prices gained back some of the recent losses. Toward the close, Live Cattle futures were an average of $2.34 higher. Feeder Cattle futures were an average of $5.36 higher. Negotiated cash fed cattle trade was inactive on light demand in all cattle feeding regions [...]
Heightened volatility and uncertainty tied to lingering wonderments about President Trump’s stated goal to reduce beef prices capped recent gains in Cattle futures on Friday. Month-end position squaring was likely also at play. Live Cattle futures closed an average of $1.99 lower, except for $1.32 higher in expiring spot Oct. Week to week on [...]
Cattle futures mostly crawled higher Thursday as traders await further direction from this week’s negotiated cash fed cattle trade. Toward the close, Live Cattle futures were an average of 70¢ higher (from 2¢ higher to $4.10 higher in waning spot Oct. Feeder Cattle futures were an average of 73¢ higher, except for an average [...]
Toward the close, Live Cattle futures were an average of $5.33 higher. Feeder Cattle futures were an average of $8.57 higher. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service. So far this week, FOB live prices are [...]
Live Cattle futures firmed and mostly gained Tuesday, while Feeder Cattle futures continued to unwind with long position liquidation. Toward the close, Live Cattle futures were an average of 71¢ higher, except for an average of 54¢ lower in the front two contracts. Feeder Cattle futures were an average of $9.61 lower. Negotiated cash [...]
Cattle futures continued to plunge lower Monday, fueled by uncertainty created by the federal government’s attempts to lower domestic consumer beef prices (see below). Toward the close, Live Cattle futures were an average of $9.14 lower. Feeder Cattle futures were an average of $13.22 lower, limit down, except for $9.025 lower in spot Oct. [...]
Cattle futures, continued to firm Tuesday and gain back from last Friday’s sharp losses. Toward the close, Live Cattle futures were an average of $1.59 higher. Feeder Cattle futures were an average of 87¢ higher. Negotiated cash fed cattle trade was mostly inactive on light to moderate demand in all major cattle feeding regions [...]
Cattle futures melted down Friday on President Trump’s widely reported and vague comments that the White House plans to lower beef prices. Algorithmic trading likely drove the selloff deeper and faster than would have otherwise been the case. Fundamentally speaking and guided by history, government intervention in cattle and beef markets has never been [...]
Negotiated cash fed cattle trade ranged from limited on moderate demand in the North to inactive on light demand in the Southern Plains through Thursday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some early FOB live sales in Nebraska at $240/cwt. and in the western Corn Belt [...]
Cattle futures paused from the recent surge on Wednesday. Live Cattle futures closed narrowly mixed, from an average of 13¢ lower in four contracts to an average of 19¢ higher. Feeder Cattle futures closed from an average of 34¢ lower, except for an average of 8¢ higher in three contracts. Cattle futures were mainly [...]
Cattle futures rolled higher Tuesday, supported by cash. Live Cattle futures closed an average of $1.76 higher. Feeder Cattle futures closed an average of $4.31 higher. They’re taking a breather so far on Wednesday. Negotiated cash fed cattle trade was inactive on light to moderate demand in all regions through Tuesday afternoon, according to [...]
Cattle futures continued to churn higher Monday. Toward the close, Live Cattle futures were an average of $1.12 higher. Feeder Cattle futures were an average of $2.18 higher, except for 12¢ lower in spot Oct. Negotiated cash fed cattle trade was inactive on light to moderate demand in all regions through Monday afternoon, according [...]
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