Levels to Watch for Today's Livestock Trade| Livestock Roundup 4/28/23
Posted: April 28, 2023, 9:38 a.m.
Cattle Summary
New Seasonal Trends for May
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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
Seasonal Trend in Play
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).
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Seasonal Trend in Play:
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).
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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
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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.
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Next week starts a new trading month, which means new seasonal trend alerts!
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Livestock
Feeder Cattle
Lean Hogs
Live Cattle
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