Livestock Roundup 6/21/22
Posted: June 21, 2022, 6:35 a.m.
Friday’s Slaughter is estimated at 124,000. Unchanged from last week, but 6,000 more than the same week last year.
Friday’s Cutout Values
Choice: 266.26, Down .90 from the previous day.
Select: 246.53, Up 1.15 from the previous day.
Choice/Select Spread: 19.73
5 Area Average Cattle Price
Live Steer: 143.73
Live Heifer: 142.94
Dressed Steer: 229.73
Dressed Heifer: 229.95
Live Cattle
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net buyers of 10,576 futures/options through June 14th. Much of which was short covering (12,733 contracts). This expands their net long position to 31,926. Broken down, that is 76,596 longs VS 44,670 shorts. This is still a relatively neutral breakdown for the funds, which continues to favor the Bulls.
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Feeder Cattle
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net buyers of 1,354 futures/options through June 14th. This shrinks their net short position to 3,553. Broken down that is 10,436 longs VS 13,989 shorts.
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Lean Hogs
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net sellers of 3,641 futures/options contracts through June 14th. This shrinks their net long position to 18,832 futures/options. Broken down that is 44,483 longs VS 25,651 shorts.
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