Livestock Roundup 1/6/23
Posted: Jan. 6, 2023, 8:40 a.m.
Cattle Summary
Weekly Export Sales
Beef: Net sales reductions of 6,900 MT for 2022 were primarily for Japan (2,200 MT), South Korea (1,900 MT), China (1,000 MT), Taiwan (900 MT), and Hong Kong (500 MT). Net sales of 12,500 MT for 2023 were primarily for Japan (4,400 MT), South Korea (2,100 MT), Taiwan (2,100 MT), China (1,500 MT), and Hong Kong (900 MT). Exports of 11,700 MT were primarily to Japan (4,500 MT), South Korea (3,100 MT), China (1,100 MT), Mexico (900 MT), and Canada (800 MT).
Daily Cutout Values
Choice: 281.63, Down 1.26 from the previous day.
Select: 256.55, Up .55 from the previous day.
Choice/Select Spread: 24.68
5 Area Average Cattle Price
Live Steer: 158.04
Live Heifer: 159.00
Dressed Steer: 250.35
Dressed Heifer: 252.00
Daily Slaughter
Estimated at 127,000. 1,000 more than last week and 15,000 more than the same week last year.
Feeder Cattle Index
01/04/2022: 180.31
01/03/2022: 180.73
Live Cattle
Managed Money Position: 79,751
Next Seasonal: A seasonal that has played out for 13 of the last 15 years starts January 29th for June live cattle.
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Feeder Cattle
Managed Money Position: -286
Seasonal Trend in Play: None
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Hogs SummaryWeekly Export Sales Pork: Net sales reduction of 51,900 MT for 2022 were primarily for Mexico (21,800 MT), Japan (9,200 MT), South Korea (5,800 MT), Canada (4,400 MT), and Australia (4,200 MT). Net sales of 73,600 MT for 2023 were primarily for Mexico (31,000 MT), Japan (15,700 MT), South Korea (7,000 MT), Canada (5,400 MT), and Australia (5,300 MT). Exports of 19,400 MT were primarily to Mexico (8,700 MT), China (3,000 MT), Japan (2,600 MT), South Korea (1,300 MT), and Colombia (1,000 MT).
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT) Carcass Base Price Range: 72.00-77.00 Weighted Average: 74.39 Change from Prior Day: .92 Head Count: 11,225 Daily Hog Slaughter 490,000. 10,000 more than last week and 28,000 more than last year. |
Lean HogsManaged Money Position: 52,248 Seasonal Trend in Play: A bullish seasonal trend for August lean hogs goes from December 6th to January 18th. This has played out for 12 of the last 15 years.
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