Live Cattle futures dropped for a second consecutive week. 4/24/26

Live Cattle futures and Feeder Cattle futures saw strong daily gains but marked their second consecutive week of lower weekly closes. June Live Cattle futures finished the week down $2.12, while August Feeder Cattle futures trimmed weekly losses to $3.90. The cash market reflected softer conditions, with the five-area average price for live steers dropping about $2.00 from recent weeks. Additionally, weekly cattle slaughter trailed the same period last year by 37,000 head. Export data presented a mixed picture across livestock markets. Beef exports surged 26% from the previous week to 15,100 metric tons, driven by demand from South Korea, Japan, and Mexico. Conversely, pork net sales plummeted to a marketing year low of 16,100 metric tons, a 57% drop week-over-week.

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