The livestock complex found some late-week support, as all three of the markets were able to close mostly higher Friday afternoon. But what was most surprising was that Friday's Feb. 1 Cattle on Feed report came out neutral to somewhat supportive. March corn is down 6 3/4 cents per bushel, and March soybean meal is down $1.20. The Dow Jones Industrial Average is down 748.63 points.
Friday's export report revealed that beef net sales of 21,500 metric tons (mt) for 2025 were up 64% from the previous week and up 35% from the previous four-week average. The three primary buyers were Japan (9,800 mt), South Korea (3,400 mt) and China (2,700 mt). Pork net sales of 25,600 mt for 2025 were up 3% from the previous week, but down 27% from the prior 4-week average. The three largest buyers were Mexico (5,700 mt), Japan (4,100 mt) and Colombia (3,800 mt).
From Friday to Friday, livestock futures scored the following changes: February live cattle up $0.08, April live cattle down $0.30; March feeder cattle up $1.60, April feeder cattle up $1.13; April lean hogs down $4.93, June lean hogs down $4.05; March corn down $0.05, May corn down $0.04.
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