Livestock Roundup 6/27/22
Posted: June 27, 2022, 7:07 a.m.
Cattle on Feed
On Feed: 101% VS estimates 101.5
Placements: 98% VS estimates 99.7
Marketings: 102% VS estimates 103.0
Friday’s Slaughter is estimated at 122,000. 5,000 less than last week and 4,000 more than the same week last year.
Friday’s Cutout Values
Choice: 264.98, Up .32 from the previous day.
Select: 245.02, Up .08 from the previous day.
Choice/Select Spread: 19.96
5 Area Average Cattle Price
Live Steer: 144.50
Live Heifer: 141.82
Dressed Steer: 234.91
Dressed Heifer: 237.07
Live Cattle
Commitments of Traders Update: Friday’s Commitments of Traders report showed funds were net buyers of 7,216 contracts through June 21st. Much of this was short covering, 5,264; vs 1,952 new longs. This puts their net long position at 39,142 futures/options contracts. Broken down that is 78,548 longs VS 39,406 shorts.
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Feeder Cattle
Commitments of Traders Update: Friday’s Commitments of Traders report showed Managed Money were net buyers of 21 contracts, doing little to their net short position of 3,531 futures/options. Broken down, that is 10,329 longs VS 13,860 shorts.
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Lean Hogs
Commitments of Traders Update: Friday’s Commitments of Traders report showed Managed Money were net buyers of 9,982 futures/options contracts through June 21st. Majority of this was short covering, 6,330 contracts, VS 3,652 new longs. This puts their net long position at 28,814 futures/options. Broken down that is 48,135 longs VS 19,321 shorts.
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