Levels to Watch for Today's Livestock Trade| Livestock Roundup 4/28/23

Posted: April 28, 2023, 9:38 a.m.

Cattle Summary

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Daily Cutout Values

  • Choice: 311.07, Up 1.83 from the previous day.
  • Select: 289.09, Up 1.15 from the previous day.
  • Choice/Select Spread: 21.98

5 Area Average Cattle Price

  • Live Steer: 178.81
  • Live Heifer: 179.91
  • Dressed Steer: 284.47
  • Dressed Heifer: 285.03

Daily Slaughter

  • Estimated at 122,000. Down 6,000 from last week and 1,000 from the same week last year.

Feeder Cattle Index

  • 04/25/2023: 201.31
  • 04/24/2023: 201.26

Live Cattle

Seasonal Trend in Play

  • None

Commitment of Traders Update (through April 18th)

  • Live Cattle:  Managed Money were net long 104,341 futures/options contracts.  Broken down that is 124,385 longs (up 10,168) VS 20,044 Shorts (down 2,151).

LEM2023_2023-04-28_08-01-46

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Feeder Cattle

Seasonal Trend in Play: 

  • None

Commitment of Traders Update (through April 18th)

  • Feeder Cattle:  Managed Money were net long 11,012 futures/options contracts.  Broken down that is 19,183 longs (up 1,902) VS 8,171 Shorts (down 768).

GFK2023_2023-04-28_08-05-11

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Hogs Summary

 

Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)

Carcass Base Price

Range: 62.00-77.00

Weighted Average: 72.05

Change from Prior Day: 2.46

Head Count: 12,303

CME Lean Hog Index

4/25/2023: 71.31

4/24/2023: 71.20

     

Lean Hogs

  Seasonal Tend in Play

  • December lean hog futures have trended higher from March 30th to June 10th for 12 out of the last 15 years.

HEM2023_2023-04-28_08-09-11

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Livestock Feeder Cattle Lean Hogs Live Cattle

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