Livestock Roundup 1/20/23
Posted: Jan. 20, 2023, 7:47 a.m.
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Oliver Sloup on the latest technical developments in live cattle and fund positioning ahead of today's Cattle on Feed report. |
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Cattle Summary Weekly Export Sales Beef: Net sales of 17,300 MT for 2023 Cattle on Feed Estimates On Feed: 96.8% Placed: 91.5% Marketed: 94.7% Daily Cutout Values Choice: 271.51, Down 2.57 from the previous day. Select: 255.69, Up 1.83 from the previous day. Choice/Select Spread: 15.82 5 Area Average Cattle Price Live Steer: 154.49 Live Heifer: 153.00 Dressed Steer: 247.25 Dressed Heifer: 248.00 Daily Slaughter Estimated at 120,000. 2,000 less than last week but 3,000 more than the same week last year. Feeder Cattle Index 01/18/2023: 177.87 01/17/2023: 179.09 |
Live CattleManaged Money Position: 91,489 |
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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: 42
Seasonal Trend in Play: None
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Hogs SummaryWeekly Export Sales Pork: Net sales of 34,100 MT for 2023 Daily Direct Hogs Plant Delivered (as of 1:30 PM CT) Carcass Base Price Range: 65.00-74.00 Weighted Average: 70.35 Change from Prior Day: -.86 Head Count: 9,829 Daily Hog Slaughter 448,000. 40,000 less than last week and 9,000 less than last year. |
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Lean HogsManaged Money Position: 22,735 Next Seasonal: A seasonal that has played out for 12 of the last 15 years starts on January 30th.
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