Live Cattle Futures Surge, Feeder Cattle Gains - 02/03/2026

[Para 1: The Lead] Live cattle futures and feeder cattle futures have seen significant gains on Tuesday, February 3, 2026. Live cattle futures contracts have climbed $2.10 to $2.40. Feeder cattle futures have also seen a rise of $1.57 to $2.05. The CME Feeder Cattle Index is up $3.82 to $374.41. The market is responding to strong demand and positive trading action. [Para 2-3: Supporting details & Context] Cash trade for live cattle settled at $238-240 and $375-378 dressed. Feeder cattle futures showed gains of $1.57 to $2.05. The CME Feeder Cattle Index has increased by $3.82 to $374.41. The OKC feeder cattle auction reported 2,624 head sold, with prices up $4-12 for feeder steers and $3-8 higher on feeder heifers. Wholesale Boxed Beef prices were mixed, with Choice boxes up $2.50 to $370.71 and Select up $2.32 at $367.23. USDA reported federally inspected cattle slaughter at 115,000 head for Tuesday, with the weekly total at 223,000 head, 11,000 head above last week but 12,481 head below the same week last year.