Chop Chop | Livestock Roundup | 5/2/2023
Posted: May 2, 2023, 8:05 a.m.
Cattle Summary
Daily Cutout Values
- Choice: 310.02, Down 1.42 from the previous day.
- Select: 291.00, Up 2.66 from the previous day.
- Choice/Select Spread: 19.02
5 Area Average Cattle Price
- Live Steer: 177.15
- Live Heifer: 177.38
- Dressed Steer: 284.05
- Dressed Heifer: 284.17
Daily Slaughter
- Estimated at 123,000. Down 1,000 from last week but 10,000 more than the same week last year.
Feeder Cattle Index
- 04/28/2023: 201.81
- 04/27/2023: 203.20
Live Cattle |
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Seasonal Trend in Play
Commitment of Traders Update (through April 25th)
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Feeder Cattle |
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Seasonal Trend in Play:
Commitment of Traders Update (through April 25th)
Technicals (August-Q) August feeder cattle pulled back in yesterday's trade, which brings the RSI closer to 70. 3-day pullbacks have been sparce since the start of the year as buyers have used essentially any and all pullbacks as buying opportunities. A break and close below support from 227.50-228.00 could keep buyers at bay and potentially spark a round of profit taking.
Resistance: 232.225-233.00* Support: 227.50-228.00**** |
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Hogs Summary
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT) Carcass Base Price Range: 64.00-76.00 Weighted Average: 72.85 Change from Prior Day: 1.18 Head Count: 8,415 CME Lean Hog Index 4/27/2023: 71.49 4/26/2023: 71.29 |
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Lean Hogs |
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Seasonal Tend in Play
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