Cattle Current Market Update With Wes Ishmael

Cattle futures closed lower Tuesday, with pressure including technical correction, sharp declines in front-month Lean Hogs and the fact that Corn futures were an average of 17¢ higher week to week through the front four contracts. Except for 5¢ and 7¢ higher on either end of the board, Live Cattle futures closed an average [...]

Cattle futures were mixed on Monday, with Live Cattle mostly higher, but Feeder Cattle mostly lower, pressured by surging Corn futures. Except for 45¢ and 27¢ lower in the front two contracts, Live Cattle futures closed an average of 40¢ higher. Except for 45¢ and 30¢ higher in the back two contracts, Feeder Cattle [...]

Negotiated cash fed cattle prices made solid gains for the week, with live prices $2 higher in the Southern Plains at $103/cwt., $4-$5 higher in the Northern Plains at $106-$107 and $1-$5 higher in the western Corn Belt at $104-$105. Dressed trade was steady to $5 higher at mostly $165. Cattle futures continued higher [...]

Negotiated cash fed cattle trade remained undeveloped through Thursday afternoon, as Cattle futures continued to mostly grind higher. Live Cattle futures closed an average of 17¢ higher, except for an average of 10¢ lower at either end of the board. Except 7¢ lower for expiring Spot Sep, Feeder Cattle futures closed an average of 33¢ [...]

Negotiated cash fed cattle trade remained undeveloped through Wednesday afternoon. There were 1,533 offered, but no sales, in the weekly Fed Cattle Exchange auction. Although expectations remain for steady to higher prices this week, slaughter cattle sold $2-$5 lower at Sioux Falls Regional in South Dakota. Choice 2-3 steers (395 head) brought an average [...]

After early follow-through support Tuesday, Cattle futures traders seemed content to hold their positions and wait for direction from the cash market. Live Cattle futures closed narrowly mixed but mostly higher (35¢ lower to 30¢ higher). Other than 35¢ lower at the front and 5¢ lower at the back, Feeder Cattle futures closed an [...]

Cattle futures rallied Monday, helped along by stronger cash fed cattle prices last week, as well as Friday’s bullish Cattle on Feed report. Live Cattle futures closed an average of $1.54 higher ($1.05 to $2.62 higher). Feeder Cattle futures closed an average of $2.03 higher ($1.77 to $2.70 higher). Wholesale beef values were weak [...]

Negotiated cash fed cattle prices continued to look stronger through Friday afternoon, based on USDA reports. Although too few to trend, there were a few live trades reported at $102/cwt. in Kansas and Nebraska, which was $1-$2 higher than the previous week. Overall, live trade in in the Southern Plains was $1 higher at [...]

Negotiated cash fed cattle trade remained undeveloped through Thursday afternoon, according to USDA reports. Although too few to trend, there were a few live trades reported at $100-$101/cwt. in Kansas, which was $1 higher than last week. Cattle futures closed mostly narrowly higher as traders anticipated cash trade and Friday’s monthly Cattle on Feed [...]

Cattle futures rallied higher Tuesday. Some of it could be traders sensing a bottom in the cash market, as well as potential optimism about the monthly Cattle on Feed report due out Friday. Live Cattle futures closed an average of $1.32 higher through the front three contracts and then an average of 48¢ higher. [...]