Livestock Roundup 2/2/23
Posted: Feb. 2, 2023, 8:32 a.m.
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Cattle Summary Daily Cutout Values Choice: 265.07, Down 1.02 from the previous day. Select: 252.78, Down .14 from the previous day. Choice/Select Spread: 12.29 5 Area Average Cattle Price Live Steer: N/A Live Heifer: N/A Dressed Steer: N/A Dressed Heifer: N/A Daily Slaughter Estimated at 127,000. Unchanged from last week but 7,000 more than the same week last year. Feeder Cattle Index 01/31/2023: 180.37 01/30/2023: 180.42 |
Live Cattle
Managed Money Position
Updated each Friday with the weekly CoT Report
- Managed funds were net sellers of 7,815 futures/options contracts, shrinking their net long position for the second straight week, they are now net long 76,857 contracts. Broken down that is 266,783 longs VS 64,986 shorts.
Seasonal Trend in Play
- June live cattle have trended higher from January 29th to February 19th for 13 of the last 15 years. The average gain has been about 1.00, or $400 per futures contract
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Feeder Cattle
Managed Money Position
Updated each Friday with the weekly CoT Report
- Managed Money are net short 5,900 futures/options contracts. Broken down, that is 9,991 longs VS 15,8891 shorts.
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: 65.00-76.00 Weighted Average: 73.03 Change from Prior Day: 2.18 Head Count: 10,408 Daily Hog Slaughter 490,000. Unchanged from last week but 64,000 more than last year. |
Lean HogsManaged Money Position Updated each Friday with the weekly CoT Report
Seasonal Tend in Play
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