Livestock Roundup | Livestock Rundown | 5/9/2023
Posted: May 9, 2023, 9:19 a.m.
Cattle Summary
Daily Cutout Values
- Choice: 308.56, Down .63 from the previous day.
- Select: 285.12, Down 3.04 from the previous day.
- Choice/Select Spread: 23.44
5 Area Average Cattle Price
- Live Steer: 173.93
- Live Heifer: 173.84
- Dressed Steer: 280.94
- Dressed Heifer: 280.92
Daily Slaughter
- Estimated at 126,000. Up 3,000 from last week and 7,000 from the same week last year.
Feeder Cattle Index
- 05/05/2023: 200.01
- 05/04/2023: 199.46
Commitment of Traders
- Live Cattle: The most recent CoT report showed Managed Money holding a net long position of 107,551 futures/options contracts, up 518 from the previous week. Broken down, that is 124,263 longs VS 16,712 shorts. The net position is at the upper end of historical levels, but still less than what we saw in February.
- Feeder Cattle: The most recent CoT report showed Managed Money holding a net long position of 14,587 futures/options contracts, up 1,378 from the previous week. Broken down, that is 21,835 longs VS 7,248 shorts. Though it is not a record long net position, it is the largest position in over 5 years.
Live Cattle |
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Seasonal Trend in Play
Technicals (June - M)
Resistance: 165.75-166.275*** Pivot: 164.00-164.25 Support: 161.075-161.925***, 159.175-159.75*** |
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Feeder Cattle |
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Seasonal Trend in Play:
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Hogs Summary
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT) Carcass Base Price Range: 65.00-75.50 Weighted Average: 72.80 Change from Prior Day: 1.91 Head Count: 7,868 CME Lean Hog Index 5/04/2023: 74.53 5/03/2023: 73.24 Commitment of Traders
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Lean Hogs |
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Seasonal Tend in Play
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500
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