Livestock futures rally across the board to close the week higher.

Livestock markets closed higher across the board on Friday to cap a strong weekly rally. February Live Cattle futures gained $1.85 to settle at $224.80, finishing $7.60 higher for the week, or about 3.5%. Weekly beef export sales totaled 9,600 metric tons, down 13% from the prior week, while wholesale boxed beef prices eased and weekly cattle slaughter reached 435,000 head. January Feeder Cattle futures climbed $3.67 on Friday to $335.35, gaining nearly $17 on the week as Feeder Cattle CVOL held steady at 17.31%. February Lean Hog futures rose $0.37 on Friday and $2.26 for the week to record their first positive weekly close since September, while Lean Hog CVOL firmed 45 ticks to 31.01%.