Cattle Current Market Update with Wes Ishmael

Cattle futures extended gains Thursday on bullish fundamentals and stronger outside markets. Toward the close, Feeder Cattle futures were an average of 83¢ higher. Live 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, with [...]

Cattle futures powered ahead Wednesday with little apparent explanation other than exuberant fund-buying and perhaps bullish positioning ahead of Friday's monthly Cattle on Feed report. Pre-report estimates peg the Jan. 1 feedlot inventory 0.2% lower year over year, December placements 1.8% higher and December marketings 1.3% higher. Toward the close, Feeder Cattle futures were [...]

Feeder Cattle futures were pressured by stronger Corn futures, worries about cold-damaged winter wheat pasture in the Southern Plains and perhaps growing hesitancy related to the ultimate opening of the Mexican border to feeder cattle. Toward the close, they were down an average of $1.63 lower, except for 85¢ higher in spot Jan. Live [...]

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $1 higher in the Texas Panhandle at $201/cwt., steady to $1 higher in Kansas at $201, unevenly steady in Nebraska at $203-$205 and $1-$3 [...]

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the Southern Plains to light to moderate on light to moderate demand in the North through Friday afternoon with too few transactions to trend, according to the Agricultural Marketing Service. For the week, FOB live prices were $1 higher in the [...]

Cattle futures lost ground Thursday, with likely profit taking, technical resistance and perhaps reaction to chatter about when cattle imports from Mexico might resume. Negotiated cash fed cattle trade was active on good demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service, with FOB live prices unevenly steady at $202-$205/cwt. and [...]

Negotiated cash fed cattle trade was light on light demand in the Texas Panhandle through Wednesday afternoon with FOB live prices $1 higher at $201/cwt. in a light test, according to the Agricultural Marketing Service. FOB live prices were steady to $1 higher in Kansas at $201 on moderate trade and demand. Elsewhere, trade [...]

Cattle futures consolidated Tuesday awaiting this week’s cash fed cattle direction. Toward the close, Feeder Cattle futures were an average of 52¢ higher across a broad range. Live Cattle futures were an average of 49¢ lower across a broad range. Negotiated cash fed cattle trade mostly inactive on very light demand in all regions [...]

Cattle futures were lower Monday on likely profit taking and positioning following last week’s charge higher. Toward the close, Feeder Cattle futures closed an average of $1.42 lower. Live Cattle futures closed an average of 96¢ lower. Negotiated cash fed cattle trade mostly inactive on very light demand in all regions through Monday afternoon, [...]

Negotiated cash fed cattle trade was light on moderate demand in the Southern Plains and Nebraska through Friday afternoon, according to the Agricultural Marketing Service. Trade in the western Corn Belt was limited on light demand. For the week, FOB live prices were $4 higher in the Southern Plains at 200-201/cwt., $3 higher in [...]