Livestock Roundup 1/27/23
Posted: Jan. 27, 2023, 10:27 a.m.
Daily Cutout Values
Choice: 268.75, Up .47 from the previous day.
Select: 251.48, Down .32 from the previous day.
Choice/Select Spread: 17.27
5 Area Average Cattle Price
Live Steer: 153.77
Live Heifer: 152.23
Dressed Steer: 247.34
Dressed Heifer: 246.08
Daily Slaughter
Estimated at 126,000. 6,000 more than last week and 5,000 more than the same week last year.
Feeder Cattle Index
1/25/2023: 178.80
1/24/2023: 177.78
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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
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)
Carcass Base Price
Range: 67.00-73.00
Weighted Average: 70.57
Change from Prior Day: -1.70
Head Count: 4,933
Daily Hog Slaughter
491,000. Up 57,000 from last week and 17,000 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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