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by Wes Ishmael: cattle business analyst and journalist
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 stepped confidently higher Monday, buoyed by Friday’s Cattle on Feed report with placements 9.2% less year over year and 6.5% less than pre-report estimates with snug supplies ahead (see below). Toward the close, Live Cattle futures were an average of $5.06 higher. Feeder Cattle futures were an average of $8.31 higher. Negotiated [...]
Cattle futures sputtered Friday and ended the week lower with apparent squeamishness about the Cattle on Feed report that was published after the session and wonderment about the impact of next week’s resumption of Mexican feeder cattle imports through the port of entry at Santa Teresa, New Mexico Sept. 24. Turned out that the [...]
Cattle futures were lower again Thursday, with steady to lower negotiated cash fed cattle prices and likely positioning ahead of Friday’s Cattle on Feed report. Depending on the estimates considered, analysts expect August placements to be down about 3%, August marketing to be about 4% less and the Sept. 1 cattle on feed inventory [...]
Cattle futures softened further Wednesday, pressured by bearish outside markets, and likely profit taking as traders await the week’s negotiated cash fed cattle direction. Toward the close, Live Cattle futures were an average of $2.79 lower. Feeder Cattle futures were an average of $5.10 lower. Negotiated cash fed cattle was mostly inactive on light [...]
Cattle futures were lower Tuesday with likely profit taking from the recent gains. Toward the close, Live Cattle futures were an average of $1.70 lower. Feeder Cattle futures were an average of $3.43 lower. Negotiated cash fed cattle was inactive on light demand in the North through Tuesday afternoon, according to the Agricultural Marketing [...]
Cattle futures ended Friday and the week higher, supported by the step higher in negotiated cash fed cattle prices and lower grain futures. Live Cattle futures closed an average of $2.33 higher. Feeder Cattle futures closed an average of $4.56 higher. Week to week on Friday, Live Cattle futures closed an average of $6.35 [...]
Cattle futures strengthened on Thursday, supported by stronger cash feeder cattle prices and thoughts that negotiated cash fed cattle prices could follow suit. Toward the close, Live Cattle futures were an average of 84¢ higher, except for unchanged in two contracts. Feeder Cattle futures were an average of $1.74 higher. Negotiated cash fed cattle [...]
Cattle futures mainly held or extended gains on Wednesday, in the face of another day of bearishness in outside markets. Toward the close, Live Cattle futures were an average of 51¢ lower, except for an average of 12¢ higher in two contracts. They were an average of $3.46 higher Wednesday. Feeder Cattle futures were [...]
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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