Livestock Roundup 2/7/23
Posted: Feb. 7, 2023, 5:30 a.m.
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Cattle Summary
Daily Cutout Values
Choice: 266.57, Up 1.83 from the previous day.
Select: 253.72, Up 2.11 from the previous day.
Choice/Select Spread: 12.85
5 Area Average Cattle Price
Live Steer: 158.17
Live Heifer: 157.96
Dressed Steer: 249.88
Dressed Heifer: 249.40
Daily Slaughter
Estimated at 120,000. 1,000 less than last week and 3,000 less than the same week last year.
Feeder Cattle Index
02/03/2023: 181.29
02/02/2023: 181.45
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Live Cattle
Managed Money Position
Updated each Friday with the weekly CoT Report
- Delayed by the CFTC.
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
- Delayed by the CFTC.
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: 65.00-77.00
Weighted Average: 72.34
Change from Prior Day: -.31
Head Count: 4,585
Daily Hog Slaughter
487,000. 12,000 more than last week and 8,000 more than the same week last year.
Lean Hogs
Managed Money Position
Updated each Friday with the weekly CoT Report
- Delayed by the CFTC.
Seasonal Tend in Play
- August lean hogs have firmed from January 30th to March 8th for 12 of the last 15 years. The average rally in the 12 positive years was 4.42. The average decline in the two off trend years was 3.69.
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