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Cattle Current Market Update with Wes Ishmael
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Cattle Current Market Update with Wes Ishmael

Author: Wes Ishmael: cattle business analyst and journalist

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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 firmed and crept higher Tuesday without the previous day’s pressure from outside markets and supported by higher wholesale beef values. Toward the close, Live Cattle futures were an average of 36¢ higher, except for 7¢ lower in near Apr. Feeder Cattle futures were an average of 59¢ higher, except for an average [...]
Cattle futures closed lower again Monday, pressured by bearish outside markets and despite Friday’s neutral-to-friendly Cattle on Feed report. Uncertainty also lingered about the potential strike at the JBS plant in Greeley, Colo. Toward the close, Live Cattle futures were an average of $1.59 lower. Feeder Cattle futures were an average of $3.16 lower. [...]
Cattle futures closed lower Friday, pressured by the lack of direction from negotiated cash fed cattle trade before the close, the Cattle on Feed report (see below) issued after the close of trade and wariness over the union at the JBS plant in Greeley voting whether to strike. Live Cattle futures were an average [...]
Cattle futures meandered in two-sided trading with thoughts of steady to stronger cash fed cattle prices this week and likely positioning ahead of Friday’s monthly Cattle on Feed report. Depending on the estimates, analysts peg January feedlot placements 4% less, January marketings 13% less and the Feb. 1 inventory of cattle on feed down [...]
Cattle futures mostly edged higher Wednesday, maintaining the previous session’s strong gains and expectations for steady to stronger cash fed cattle prices this week. Toward the close, Live Cattle futures were an average of 11¢ higher, except for unchanged to an average of 15¢ lower in two contracts. Feeder Cattle futures were an average [...]
Cattle futures closed higher Tuesday, supported by last week’s stronger cash fed cattle prices. Toward the close, Live Cattle futures were $1.96 higher. Feeder Cattle futures were an average of $4.01 higher. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Monday afternoon, according to the [...]
Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were mostly $3 higher in the Southern Plains at mainly $248/cwt., mostly $5 higher in Nebraska at mainly $345 and $3-$4 higher in the [...]
Cattle futures eased mostly lower Friday, awaiting full development of the week’s cash fed cattle trade. Live Cattle futures closed an average of 21¢ lower, except for 57¢ higher in spot Feb. Feeder Cattle futures closed an average of 33¢ higher, except for 27¢ lower in three contracts. Negotiated cash fed cattle trade was [...]
Cattle futures eased lower Thursday, awaiting the week’s cash fed cattle direction and more bearish outside markets. Toward the close, Live Cattle futures were narrowly mixed, from an average of 13¢ lower to an average of 23¢ higher. Feeder Cattle futures were an average of 63¢ lower, except for 10¢ higher in one contract. [...]
Cattle futures rose Wednesday with expectations of steady to higher cash fed cattle prices again this week. Toward the close, Live Cattle futures were an average of $2.08 higher ($3.45 higher near the front to $1.17 higher at the back). Feeder Cattle futures were an average of $3.11 higher. Negotiated cash fed cattle trade [...]
Cattle futures eased lower Tuesday amid two-sided trade and waiting this week’s cash fed cattle direction. Toward the close, Live Cattle futures were an average of 55¢ lower. Feeder Cattle futures were an average of $1.06 lower. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through [...]
Cattle futures mostly extended gains Monday, buoyed by last week’s stronger cash fed cattle prices. Toward the close, Live Cattle futures were an average of 68¢ higher, except for 47¢ lower and unchanged in the back two contracts.   Feeder Cattle futures were an average of 92¢ higher, except for $1.02 lower in the [...]
Cattle futures closed higher Friday, supported by steady to stronger cash fed cattle prices, recovering from the previous session’s sell-off tied to news union workers voted to authorize a strike at the JBS beef packing plant in Greeley, Colo., though no timetable was set for the strike. Live Cattle futures closed an average of [...]
Cattle futures closed higher Monday, buoyed by last week’s stronger cash fed cattle prices and the friendly Cattle inventory report (see below). Toward the close, Live Cattle futures were an average of $2.72 higher.  Feeder Cattle futures were an average of $4.67 higher. Negotiated cash fed cattle trade was inactive on light demand in [...]
Cattle futures closed lower at the end of a volatile session Friday. Although cash fed cattle prices improved, wariness remained ahead of the semiannual Cattle inventory report (see below), while traders squared books for end of the week and month. Live Cattle futures were an average of $2.11 lower (47¢ to $2.57 lower), except [...]
Cattle futures eased mostly lower Thursday with likely profit taking, the lack of direction in weekly cash fed cattle trade and positioning ahead of USDA’s Cattle report due to be published on Friday. Toward the close, Live Cattle futures were an average of $1.o5 lower. Feeder Cattle futures were an average of $1.27 lower, [...]
Cattle futures were higher Wednesday, helped by early cash fed cattle bids on the upper end of last week’s range. Toward the close, Live Cattle futures were an average of $1.10 higher. Feeder Cattle futures were an average of $2.93 higher. Negotiated cash fed cattle trade was mostly inactive on light demand in all [...]
Cattle futures meandered Tuesday, awaiting weekly cash direction. Toward the close, Live Cattle futures were an average of 24¢ lower, except for an average of 2¢ higher in the back two contracts. Feeder Cattle futures were narrowly mixed, from an average of 29¢ lower in five contracts to an average of 19¢ higher. Negotiated [...]
Last week’s stronger cash fed cattle prices helped Cattle futures continue higher on Monday. Toward the close, Live Cattle futures were an average of $1.10 higher.  Feeder Cattle futures were an average of $2.35 higher Negotiated cash fed cattle trade was mostly inactive on light to moderate demand in all cattle feeding regions through [...]
Cattle futures closed higher Friday with stronger negotiated cash fed cattle prices and wholesale beef values’ continued gains. Reaction to the latest Cattle on Feed report could vary (see below). Live Cattle futures were an average of $1.18 higher (67¢ higher toward the back to $2.52 higher in spot Feb). Feeder Cattle futures were [...]
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