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TUESDAY Q’S
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
IOWA FARMER TESTS RELAY CROPPING
EPA CLARIFIES RIGHT TO REPAIR
RANCHERS, BLM PARTNER ON MONITORING
FINANCE
DAILY REPORTING
CATTLE INVENTORY SIGNALS BULLISH OUTLOOK
RESILIENCE PRESSURES GLOBAL FOOD SYSTEMS
STOCKS RISE AMID AI UNCERTAINTY
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Monday, February 02
AUCTION SUMMARY
Ericson Livestock
4,960 Ericson, NE
Saturday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 472.50-540.00 | 500-600 lbs | 440.00-470.00 |
| 600-700 lbs | 408.00-471.00 | 600-700 lbs | 376.00-412.00 |
| 700-800 lbs | 369.00-420.50 | 700-800 lbs | 358.50-369.25 |
| 800-900 lbs | 356.50-381.00 | 800-900 lbs | 318.00-330.00 |
| 900-1000 lbs | 323.00-327.50 | 900-1000 lbs | 305.00 |
Lexington Livestock
4,922 Lexington, NE
Friday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 472.00-531.00 | 400-500 lbs | 505.00 |
| 600-700 lbs | 400.00-453.00 | 500-600 lbs | 420.00-460.00 |
| 700-800 lbs | 372.50-413.00 | 600-700 lbs | 375.00-430.50 |
| 800-900 lbs | 344.00-370.00 | 700-800 lbs | 348.50-385.00 |
| 900-1000 lbs | 336.00 | 800-900 lbs | 326.00-349.00 |
Ft. Pierre Livestock
4,313 Ft. Pierre, SD
Friday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 582.50-590.00 | 300-400 lbs | 545.00 |
| 500-600 lbs | 483.00-506.00 | 400-500 lbs | 484.00-500.00 |
| 600-700 lbs | 416.00-460.00 | 500-600 lbs | 430.00-482.50 |
| 700-800 lbs | 375.00-425.00 | 600-700 lbs | 381.00-445.00 |
| 800-900 lbs | 359.00-387.50 | 700-800 lbs | 353.00-372.50 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Monday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Feb | 238.175 | 2.325 ▲ | Mar | 366.350 | 6.075 ▲ |
| Apr | 239.525 | 2.725 ▲ | Apr | 364.175 | 5.900 ▲ |
| Jun | 234.250 | 2.525 ▲ | May | 360.350 | 5.225 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Monday
| Corn | Change | Soy Beans | Change | ||
| Mar | 4.2575 | 0.0250 ▼ | Mar | 10.6025 | 0.0400 ▼ |
| May | 4.3350 | 0.0225 ▼ | May | 10.7250 | 0.0450 ▼ |
| Jul | 4.3975 | 0.0225 ▼ | Jul | 10.8575 | 0.0475 ▼ |
KANSAS CITY BOARD OF TRADE
Monday
| Wheat | Change | ||||
| Mar | 5.3525 | 0.0950 ▼ | |||
| May | 5.4625 | 0.0875 ▼ | |||
| Jul | 5.5950 | 0.0800 ▼ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Monday | 108,000 | Friday |
| Week Ago (est) | 100,000 | Steer & Heifer: 70,000 |
| Year Ago (act) | 113,000 | Cow & Bull: 20,000 |
| Wk To Date (est) | 108,000 | Saturday |
| Last Week (est) | 100,000 | Steer & Heifer: 1,000 |
| Last Year (est) | 113,000 | Cow & Bull: 1,000 |
Monday, February 02
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 29,314 | 1,576 | 239.44 |
| Live Heifer | 14,571 | 1,388 | 239.70 |
| Dressed Steer | 7,126 | 1,025 | 376.16 |
| Dressed Heifer | 2,621 | 895 | 376.95 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 368.21 | 364.91 | 3.30 |
| Change from prior day: | +2.65 ▲ | +2.97 ▲ |
DAILY CATTLE SLAUGHTER
| Monday | 108,000 | Friday |
| Week Ago (est) | 100,000 | Steer & Heifer: 70,000 |
| Year Ago (act) | 113,428 | Cow & Bull: 20,000 |
| Wk To Date (est) | 108,000 | Saturday |
| Last Week (est) | 100,000 | Steer & Heifer: 1,000 |
| Last Year (est) | 113,428 | Cow & Bull: 1,000 |
Cold weather, light receipts, and strong prices set the tone for this episode as Lauren Moylan sits down with John Campbell for a wide-ranging conversation that blends market reality with industry tension. From stocker and feeder prices across Colorado and Kansas to cow sales that stayed surprisingly strong despite snow and cold, the cattle market continues to defy expectations. The conversation then shifts beyond price into harder topics. Protest culture, firearms responsibility, immigration numbers, beef labeling, imported beef, and whether Product of the USA labels actually matter to consumers. Equal parts market update and cultural gut check, this episode doesn’t try to smooth the edges. It says the quiet parts out loud.
Takeaways:
Cold weather slowed receipts but did not weaken the cattle market
Feeder and stocker cattle continued to sell at historically strong levels
Lighter-weight cattle showed strength, especially in the 450–550 lb range
Cow and bred female markets stayed stout despite weather challenges
Internet bidding played a major role in supporting cow sales
The cattle market remains supply-driven more than demand-driven
Strong prices don’t eliminate deeper structural industry issues
Protest culture and personal responsibility sparked sharp discussion
Responsible firearm ownership requires situational awareness
Immigration numbers are shifting for the first time in decades
Product of the USA labeling alone won’t fix consumer trust
Labels without education don’t move demand
Imported beef concerns deserve facts, not assumptions
The beef industry struggles to communicate value to consumers
Cultural conversations inside ag are becoming harder but more necessary
Have a topic you want to hear discussed? Use the button below to send us your request and tune in to CattleUSA TV on YouTube to see the answer 🤠
*Do not include personal details like addresses, passwords, financial information or other sensitive data*
Monday, February 02
CattleUSA Insurance Partner Logic Ag Marketing Commentary
Short and sweet, looking at the table above, Managed Money is still betting on the bull market continuing given they added 4,208 net long positions. The USDA, on Friday, gave them the report they were looking for, claiming last year's calf crop was 1.6% smaller than 2024's calf crop. Throw the fuel on the fire, that $5 higher cash last week and higher wholesale beef prices today, and we have plenty of reasons for today's jump higher. As of right now, it appears like futures are gap hunting, with only the highest of the gaps left to fill. $247.350 in April Live Cattle is the beginning of the first gap left on October 17th, and $370.675 is the beginning of the March Feeder gap that same day. A month ago, those felt a mile away, today not so much. Shoot, even the hog market shrugged off the correction it had begun last week. Will 2026 be another full year of strong livestock markets and poor grain markets? I'm very nervous but coming around, as you're aware of my belief demand has shifted a little bit. Since you don't want me raining on your parade, on a beautiful Monday, I'll hold those thoughts for another day. Have a great evening and enjoy the change in weather.
-Fat cattle kill at 108,000 vs 100,000 a week ago and 113,000 a year ago
-Choice boxes up 2.65 to $368.21 and select up 2.97 to $364.91 for a spread of 3.30 on 58 loads
-CME feeder index(Feeder LRP Settlement) for 1/30 came in at $374.41
-Fed Cattle LRP’s ending last week settled at $239.44
-Hog kill at 461,000 vs 426,000 a week ago and 476,000 a year ago.
-Afternoon Pork reported up 1.48 at $95.70 on 287 loads
-CME lean hog index on 1/29 reported at 85.78
-CME pork cutout index on 1/30 reported at 95
-LRP’s ending 2/1 settled at approximately $85.70
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SOUTH AMERICA RAINFALL FORECAST: FEB 2-17
BRAZIL: Minas Gerais/Bahia to MG will see 3”-6”… Upgrade account to read the rest.
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