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WEDNESDAY WIRE

MARKET REPORT

WEATHER 20/20 REPORT

AGRICULTURE

  • LEPTIN GENE GUIDES CATTLE SELECTION

  • REGENERATIVE AGRICULTURE BUILDS RESILIENT FUTURE

  • DISTILLERS GRAINS STILL OFFER VALUE

FINANCE

  • DAILY REPORTING

  • TIGHT SUPPLIES LIFT LIVESTOCK MARKETS

  • FARMER SENTIMENT SLUMPS SHARPLY

  • GLOBAL AG PRICES EASE 2026

Introducing CattleChannel: A New Way to CattleUSA

WEDNESDAY WIRE: CHARTS & TRENDS

On average, 3.66 Billion lbs of beef have been imported into the U.S. & 3.58 Billion lbs have been exported annually between 2020-2024.

Imports consist primarily of lean beef trimmings for blending with domestic fat trimmings, alongside fresh, chilled, and frozen beef cuts.

A significant amount of exports are grain-fed beef, focusing heavily on primal cuts and a substantial amount of beef variety meats that are in low demand domestically.

Join the conversation - comment online!

P.S. - Have a chart or trend you think should be featured in next week’s Wednesday Wire? DM us on Instagram @cattleusa.media with your submission!

DAILY MARKET SUMMARY

Tuesday, February 03

AUCTION SUMMARY

Joplin Regional Stockyards

5,456 Carthage, MO

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
600-700 lbs400.00-460.00400-500 lbs430.00-490.00
700-800 lbs352.00-400.00 500-600 lbs389.00-452.00
800-900 lbs339.00-365.00600-700 lbs347.00-390.00
900-1000 lbs320.00-331.00700-800 lbs326.00-347.50
1000-1100 lbs301.00-316.00800-900 lbs322.00-326.00

Sioux Falls Regional

5,021 Worthing, SD

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs462.50-540.00500-600 lbs405.00-505.00
600-700 lbs410.00-465.00 600-700 lbs375.00-426.00
700-800 lbs374.00-419.00700-800 lbs348.00-375.00
800-900 lbs353.00-373.00800-900 lbs324.00-351.50
900-1000 lbs327.00-352.75900-1000 lbs292.50-324.00

Russell Livestock

4,048 Russell, IA

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
400-500 lbs512.50-595.00400-500 lbs445.00-512.50
500-600 lbs469.00-540.00500-600 lbs411.00-455.00
600-700 lbs417.50-475.00600-700 lbs374.00-414.00
700-800 lbs361.00-423.00700-800 lbs319.00-368.00
800-900 lbs340.00-371.00800-900 lbs392.50-329.50

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Tuesday

Live Cattle Change  Feeder Cattle Change
Feb 240.325 2.150 Mar 367.925 1.575
Apr 241.625 2.100 Apr 365.875 1.700
Jun 236.625 2.375 May 362.400 2.050

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Tuesday

Corn Change  Soy Beans Change
Mar 4.2850 0.0275 Mar 10.6575 0.0550
May 4.3575 0.0225 May 10.7725 0.0475
Jul 4.4200 0.0225 Jul 10.9050 0.0475

KANSAS CITY BOARD OF TRADE

Tuesday

  Wheat Change
Mar 5.3475 0.0050
May 5.4675 0.0050
Jul 5.6050 0.0100

ESTIMATED DAILY CATTLE SLAUGHTER

Tuesday 115,000 Monday
Week Ago (est)112,000 Steer & Heifer: 91,000
Year Ago (act)122,000 Cow & Bull: 17,000
Wk To Date (est)223,000  
Last Week (est)212,000  
Last Year (est)235,000  

Tuesday, February 03

5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE

As of 10:00 amHead CountAvg WeightAvg Price
Live Steer - - -
Live Heifer - - -
Dressed Steer - - -
Dressed Heifer - - -

DAILY ESTIMATED CUTOUT VALUES

600-900#ChoiceSelectChoice/Select Spread
Current Cutout Values: 370.71 367.23 3.48
Change from prior day: +2.50 +2.32  

DAILY CATTLE SLAUGHTER

Tuesday 115,000 Monday
Week Ago 112,000 Steer & Heifer: 91,000
Year Ago (act) 122,053 Cow & Bull: 17,000
Week To Date 223,000  
Same Period Last Week 212,000  
Same Period Last Year 235,481  

Tuesday, February 03

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