Livestock Roundup 1/24/23
Posted: Jan. 24, 2023, 7:39 a.m.
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Cattle Summary Daily Cutout Values Choice: 271.44, Down .28 from the previous day. Select: 254.49, Down 1.94 from the previous day. Choice/Select Spread: 16.95 5 Area Average Cattle Price Live Steer: 155.32 Live Heifer: 155.21 Dressed Steer: 248.22 Dressed Heifer: 248.33 Daily Slaughter Estimated at 124,000. Down 1,000 from last week but 6,000 more than the same week last year. Feeder Cattle Index 1/20/2023: 177.69 1/19/2023: 177.03 |
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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.
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 SummaryDaily Direct Hogs Plant Delivered (as of 1:30 PM CT) Carcass Base Price Range: 63.75-74.00 Weighted Average: 70.62 Change from Prior Day: -.28 Head Count: 7,464 Daily Hog Slaughter 489,000. Up 65,000 from last week and up 37,000 from last year. |
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Lean HogsManaged 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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