IAS Market Talk with David Rueber – 09/30/26

IAS Market Talk · Sep 30, 2026 · 5m

The cattle market remains challenging as strong feeder cattle prices collide with difficult feedlot break-evens and limited leverage in the cash market. While early bids and stronger futures are offering some encouragement this week, producers still have plenty of risk to manage heading into the final months of the year.

In this week’s IAS Market Talk, Dave Rueber looks at cash cattle trade, regional basis differences, packer margins, feeder cattle costs, and cost of gain. With 900-pound feeder steers creating projected break-evens near $240 while the April board sits around $225, the numbers…