Live cattle futures closed with mostly higher action, up 82 cents to $1.25, as the exception was February, down 12 cents. Open interest was up 214 contracts. Cash trade from last week settled in at $232-233 across the country. Feeder cattle futures continued the rally, with contracts up $2.65 to $2.90. OI rose 378 contracts. The CME Feeder Cattle Index was up another $2.89 to $353.11 on January 2. The Monday OKC feeder cattle auction had an estimated 9,800 head sold, with sales of $3-10 higher on feeder steers and heifers up $10-20. Calves were up $15-20.
Export Sales data for the week ending on December 25 was released on Monday, showing net cancellations of 2,127 MT for 2025, with sales of 7,379 MT for 2026. Shipments were tallied at 7,379 MT.
