Live cattle posted gains of 45 cents to $1.55 across the nearbys on Monday. There were no deliveries issued against February live cattle on first norite day on Monday. Cash trade settled in last week at $240-244 in the north and $242-245 in the south. Action on Monday was limited. Feeder cattle futures closed with contracts a tick to 70 cents higher across most front months on Monday. The CME Feeder Cattle Index was back up 19 cents to $374.47 on February 5. The Monday OKC feeder cattle auction had an estimated 9,500 head for sale, with feeder steers steady to $5 higher and heifers up $5-15. Lighter weight calves were up $15-25.
On Friday, President Trump signed an executive order to raise the TRQ on beef imports from Argentina by 80,000 MT, a move signaled last fall. For reference, average monthly imports of beef from all origins in 2025 was 151,666 MT.
