Feeder cattle

This is Wes Ishmael with your Cattle Current Market Update for Monday night and Tuesday morning, the 20th of October.

Cattle futures continued mostly higher on Monday, led by feeder cattle and supported by last week's stronger negotiated cash-fed cattle prices.

Toward the close, live cattle futures were an average of 22 cents higher, except for an average of 15 cents lower in the front three contracts.

Feeder cattle futures were an average of $1.43 higher.

Negotiated cash-fed cattle trade was mostly inactive on light demand in the north through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $3 to $5 higher in Nebraska at $225 to $227 underweight, and they were mostly $4 higher in the western Corn Belt at mainly $2.24.

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A discussion on the cattle market from University of Missouri at Columbia livestock economist Elliott Dennis begins today's show.

He covers what is happening in feeder cattle, value of gain, live cattle, and slaughter.

The show continues with K-State's Romulo Lollato, Jessy Wilkes, and Ted Hinton as the group explains a project they are a part of that is working on adoption of conservation practices for wheat producers in Kansas.

They chat about how they are working to help growers and how growers can learn more information.

Elliot, thanks for joining us today.

Yeah, thanks for having me.

As we look at the cattle market today, what are we seeing for feeder cattle?

Yeah, the good news with feeder cattle markets is mostly when we've looked at kind of the regional prices for, you know, five weights and also seven, eight weights, they've seemed to kind of stabilize.

Cattle futures gained on Friday, helped by stronger cash-fed cattle prices and continued weakness in corn.

Live cattle futures closed an average of $1.46 higher, and feeder cattle futures closed an average of $0.73 higher, except for a nickel lower in looming November.

Negotiated cash-fed cattle trade was moderate on good demand in the north through Friday afternoon, according to the Agricultural Marketing Service.

Based on the last established trade for the week, FOB live prices were mainly $5 higher in Nebraska at mostly $225 a hundredweight, and they were mostly $2 to $4 higher in the western Corn Belt at mainly $222 to $224.

Get more.

Ka-ching! Come home to Hereford at Hereford.org.

Cavs and feeder cattle sold mainly higher at the weekly Friday auctions monitored by Cattle Current.

Yearland steers and heifers sold $8 to $10 higher at Fort Peer Livestock Auction in South Dakota, where there were 9,037 head.

Cattle futures gained on Thursday, helped by the early promise shown in cash-fit cattle trade.

Toward the close, live cattle futures were an average of $1.77 higher, and feeder cattle futures were an average of $3.78 higher.

Negotiated cash-fed cattle trade was limited on light demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service.

Although too few transactions to trend, there were some early dress trades at $3.45 to $3.55. Trade was limited on moderate demand in the Western Corn Belt.

Choice box beef cutout value was $2.52 lower Thursday afternoon and at $373.98 a hundredweight.

Select was $5.85 lower at $3.5262. Corn and soybean futures were lower again Thursday with continued harvest pressure Through late afternoon and through the front four contracts, corn futures were 2 to 4 cents lower, Kansas City wheat futures were 2 cents lower, and soybean futures were 11 to 13 cents lower, also pressured by higher yield estimates in Brazil.

Cavs and feeder cattle sold broadly mixed at the weekly Thursday auctions monitored by Cattle Current.

Steers sold $5 to $18 lower at Ogallala Livestock Auction in Nebraska where there were 4,786 head.

As for the cattle market, though, um, we're between third and fourth price counts.

Unlike the wheat and corn where we're starting to get near the 200 day on a pullback, we've got the 200 day just over us on both the feeder cattle and live cattle markets.

So this could be an easy shutoff with us getting to third and fourth extension counts, uh, to where, you know, again, we can see something set back here in both the feeder cattle, live cattle.

And we've been using a very small extension indicator.

Uh, Jesse, it was that initial leg higher pullback, and then we got a much bigger activation.

Kansas City wheat, December up 2 and three quarters, 715.

Spring wheat, December down 4 cents at 690.

Cotton for December up 15 points, 80.66. Live cattle, October down 72, 223.90. December down 125, 225.12. October feeder cattle, 212 lower, 340.95. November down 257, 338.45. October hogs down a nickel, 75.55, and December down 195, 66.07. We'll be back with more here on Market Talk, brought to you by Provant Seeds on the way right after this.

Toward the close, live cattle futures were an average of 31 cents higher, except for unchanged to an average of 39 cents lower in the front three contracts.

Feeder cattle futures were an average of 38 cents lower.

Negotiated cash-fed cattle trade was inactive on light demand in the north through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were steady to $2 higher in Nebraska at mostly $222 a hundredweight, and they were steady to $1 lower in the western Corn Belt at mostly $2.20.

Through late afternoon and through the front four contracts, corn futures were 3 cents higher, with likely skepticism about the degree of yield increase in Friday's World Agricultural Supply and Demand Estimates.

Kansas City wheat futures were 2 to 3 cents lower, and soybean futures were 2 to 3 cents lower.

Calves and feeder cattle sold mixed to higher at the weekly Monday auctions monitored by CalCurrent.

Feeder steers and heifers sold steady to $10 higher at Choplin Regional Stockyards in Missouri, where they were 8,287 head.

More about those momentarily.

Live cattle futures closed at an average of $2.73 higher, and feeder cattle futures closed at an average of $7.09 higher.

Week-to-week on Friday, feeder cattle futures were an average of $10.29 higher, and live cattle futures were an average of $5.01 higher.

Negotiated cash-fed cattle trade was light on moderate demand in the north through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were steady to $2 higher in Nebraska at mostly $222 a hundredweight, and they were steady to $2 lower in the Western Corn Belt at $218 to $220.

Corn futures closed mostly $0.19 to $0.21 lower through near July and then mostly $0.04 to $0.08 lower.

Kansas City wheat futures closed $0.10 to $0.17 lower through away Dec and soybean futures closed mostly $0.04 to $0.05 higher.

Cavs and feeder cattle sold mixed at the weekly Friday auctions monitored by Cattle Current.

Toward the close, live cattle futures were an average of $0.85 lower, except for $0.30 higher in spot October.

Feeder cattle futures were an average of $2.40 lower, except for $0.30 higher in spot October.

Negotiated cash fed cattle trade was limited on light demand in the Western Corn Belt through Thursday afternoon, according to the Agricultural Marketing Service.

Although too few transactions to trend, there were some early FOB live sales at $218 a hundredweight.

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Calves and feeder cattle sold mixed at the weekly Thursday auctions monitored by Cow Current.

Compared to two weeks earlier, calves sold steady to $15 lower at Ogallala Livestock Auction in Nebraska, where there were 4,484 head.