On February 2, 2026, March feeder cattle concluded the trading day with a remarkable increase of $6.08, reaching $366.35 per hundredweight (cwt). April live cattle also saw a rise, closing at $239.53 per cwt, up by $2.73. Additionally, April lean hogs climbed $1.48 to settle at $96.63 per cwt.
Karl Setzer, a partner at Consus Ag Consulting, remarked, "The livestock sector experienced significant gains at the beginning of the week, with cattle taking the lead. The recent semi-annual report highlighted a decrease in U.S. cattle supply compared to last year, marking the smallest herd since 1951 at 86.2 million head. Tyson's CEO further indicated that this tight supply may persist until 2027, with uncertainties surrounding the return of Mexican feeder imports. Tyson anticipates a rise in chicken consumption during this period."
In the grain markets, March corn fell by 2½¢, ending at $4.25¾ per bushel, while March soybeans closed down 4¢ at $10.60¼ per bushel. March CBOT wheat decreased by 10¼¢, closing at $5.27¾ per bushel. Moreover, March crude oil prices dipped by $2.99, settling at $62.22 per barrel.
The S&P 500 Index rose by 37.41 points, and the Dow Jones Industrial Average increased by 515.19 points, indicating a positive trend in the broader market.
