Live cattle futures edged out higher on Thursday, with contracts up 10 to 20 cents in the front months, with deferreds 32 to 92 cents higher. Cash trade has yet to be reported so far this week. Thursday morning’s Fed Cattle Exchange online auction showed no sales on the 1,224 head, with bids at $238. Feeder cattle futures were down $1 to $1.75 on the day, as strength in the corn market added some pressure. The CME Feeder Cattle Index was down another 34 cents to $368.59 on March 4.
The weekly Export Sales report from USDA showed a total of just 11,163 MT of beef sold in the week ending on February 26, a calendar year low. Japan was the top buyer of 3,300 MT, with 2,300 MT sold to South Korea. Shipments were up to 14,914 MT in that week, which was the second largest for 2026.The largest destination was South Korea at 5,000 MT, with 3,700 MT to Japan.
