Cattle Current Market Update with Wes Ishmael

Cattle Current Podcast—March 21, 2025
Cattle futures extended gains Thursday, supported by recently higher wholesale beef values and the increasing likelihood of higher cash fed cattle prices for the week. Through mid-morning Friday, Cattle futures were lower ahead of the monthly Cattle on Feed report.
On Thursday, Live Cattle futures closed an average of $1.36 higher. Feeder Cattle futures closed an average of $1.46 higher.
There was no AMS report for negotiated cash fed cattle prices Thursday afternoon. Through mid-morning Friday, there were reports of significantly higher week-to-week bids.
Last week, FOB live prices were $202-$203/cwt. in the Southern Plains and $206 in the North. Dressed delivered prices were $325.
Grain and Soybean futures were mixed Thursday.
Corn futures closed 2¢ to 7¢ higher through old-crop contracts and then mostly fractionally mixed. Front months were supported by strong weekly export demand.
Kansas City Wheat futures closed 5¢ to 8¢ lower through away May and then fractionally lower to 3¢ lower.
Soybean futures closed 1¢ to 4¢ higher through near Sep and then fractionally lower to 1¢ lower.