Livestock Roundup 1/23/23
Posted: Jan. 23, 2023, 10:50 a.m.
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Cattle Summary Cattle on Feed On Feed: 97.1%, VS average estimate 96.8% Placed: 92.0%, VS average estimate 91.5% Marketed: 94.7%, VS average estimate 93.9% Daily Cutout Values Choice: 271.72, Up .21 from the previous day. Select: 256.43, Up .74 from the previous day. Choice/Select Spread: 15.29 5 Area Average Cattle Price Live Steer: 155.07 Live Heifer: 154.88 Dressed Steer: 248.01 Dressed Heifer: 248.13 Daily Slaughter Estimated at 123,000. Unchanged from last week but 8,000 more than the same week last year. Feeder Cattle Index 1/19/2023: 177.03 1/18/2023: 177.83 |
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Live Cattle
Managed Money Position: Managed Money are net long 84,672 futures/options contracts, down 6,817 from the previous week. Broken down, that is 110,091 longs VS 25,419 shorts.
(Updated with the weekly CoT Report)
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: Managed Money are net short 5,951 futures/options contracts, down 5,993 from the previous week. Broken down, that is 9,919 longs VS 15,870 shorts.
(Updated with the weekly CoT Report)
Seasonal Trend in Play: None
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Hogs Summary
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)
Carcass Base Price
Range: 64.00-74.00
Weighted Average: 70.90
Change from Prior Day: .55
Head Count: 6,436
Daily Hog Slaughter
485,000. Up 8,000 from last week and up 43,000 from last year.
Lean Hogs
Managed Money Position: Managed Money are net long 10,663 futures/options contracts, down 12,072 from the previous week. Broken down, that is 45,001 longs VS 34,338 shorts.
(Updated with the weekly CoT Report)
Next Seasonal: A seasonal that has played out for 12 of the last 15 years starts on January 30th.
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