Livestock Roundup 1/12/23
Posted: Jan. 12, 2023, 8 a.m.
Cattle Summary
Weekly Export Sales
Beef: Net sales for 2023 marketing year, which began January 1st, totaled 13,300 MT
Daily Cutout Values
Choice: 280.73, Down 3.80 from the previous day.
Select: 258.10, Down .23 from the previous day.
Choice/Select Spread: 22.63
5 Area Average Cattle Price
Live Steer: 158.52
Live Heifer: N/A
Dressed Steer: 250.00
Dressed Heifer: N/A
Daily Slaughter
Estimated at 127,000. 2,000 head more than last week and 13,000 head more than last year.
Feeder Cattle Index
01/10/2022: 182.32
01/09/2022: 180.98
Live Cattle
Managed Money Position: 82,762
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: 344
Seasonal Trend in Play: None
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Hogs Summary
Weekly Export Sales
Pork: Net sales for 2023 marketing year, which began January 1st, totaled 13,100 MT
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)
Carcass Base Price
Range: 67.00-75.00
Weighted Average: 72.99
Change from Prior Day: -.32
Head Count: 7,178
Daily Hog Slaughter
490,000, 15,000 more than last week and 59,000 more than last year.
Lean Hogs
Managed Money Position: 50,359
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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