Livestock Roundup 1/26/23
Posted: Jan. 26, 2023, 9:09 a.m.
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Cold Storage SnapshotTotal red meat supplies in freezers were up 2 percent from the previous month and up 11 percent from last year. Total pounds of beef in freezers were up 4 percent from the previous month and up 7 percent from last year. Frozen pork supplies were up 1 percent from the previous month and up 16 percent from last year. Stocks of pork bellies were up 16 percent from last month and up 66 percent from last year. Cattle Summary Weekly Export Sales: Out at 7:30am CT. Follow us on social media (Twitter/Facebook/YouTube) to get the latest news! Daily Cutout Values Choice: 268.28, Down 1.36 from the previous day. Select: 251.80, Down .59 from the previous day. Choice/Select Spread: 16.48 5 Area Average Cattle Price Live Steer: 155.00 Live Heifer: N/A Dressed Steer: N/A Dressed Heifer: N/A Daily Slaughter Estimated at 127,000. 7,000 more than last week and last year. Feeder Cattle Index 1/24/2023: 177.77 1/23/2023: 177.53 |
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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 Summary
Weekly Export Sales: Out at 7:30am CT. Follow us on social media (Twitter/Facebook/YouTube) to get the latest news!
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)
Carcass Base Price
Range: 67.00-74.00
Weighted Average: 72.27
Change from Prior Day: 1.10
Head Count: 14,308
Daily Hog Slaughter
490,000. Up 9,000 from last week and up 14,000 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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