Livestock Roundup 04/04/22
Posted: April 5, 2022, 8:23 p.m.
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Friday’s Cutout Values
Choice: 267.14 Down 1.25 from the previous day.
Select: 262.52, Up .18 from the previous day.
Choice/Select Spread: 4.62
5 Area Average Cattle Price
Live Steer: 139.36
Live Heifer: 138.73
Dressed Steer: 222.53
Dressed Heifer: 222.23
Live Cattle
Seasonal Trend in Play: Yes
Seasonal Spread in Play: Yes.
Want to learn more about Seasonal Trends? Email Seasonals@BlueLineFutures.com
Commitments of Traders report: Friday’s CoT report showed Managed Money were net buyers of, 9,886 futures/options contracts through March 29th. 5,939 of those contracts were short covering. This puts the Managed Money net position at 51,764 futures/options. Broken down this is 80,367 longs VS 28,603 shorts. A decent sized position, but nothing to write home about.
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Feeder Cattle
Seasonal Trend in Play: Yes
Seasonal Spread in Play: Yes
Want to learn more about Seasonal Trends? Email Seasonals@BlueLineFutures.com
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Lean Hogs
Seasonal Trend in Play: None
Seasonal Spread Trend in Play: Yes
Commitments of Traders report: Friday’s CoT report showed Managed Money were net buyers of 6,697 futures/options contracts. This puts the Managed Money net long position at 69,131 futures/options contracts. Broken down this is 78,347 longs VS 9,216 shorts.
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