Friday’s Slaughter is estimated at 120,000, 11,000 more than last week and 8,000 more than the same week last year.
Friday’s Cutout Values
Choice: 270.47, Down .93 from the previous day.
Select: 260.33, Down .89 from the previous day.
Choice/Select Spread: 10.14
5 Area Average Cattle Price
Live Steer: 138.77
Live Heifer: 138.56
Dressed Steer: 222.36
Dressed Heifer: 221.88
Commitments of Traders: Friday’s CoT report showed Managed Money were net sellers of 11,500 futures/options contracts through April 5th, trimming their net long position to 40,264. Broken down this is 76,515 longs VS 36,251 shorts.
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Commitments of Traders: Friday’s CoT report showed Managed Money were net sellers of 11,382 futures/options contracts through April 5th, trimming their net long position to 57,749. Broken down this is 69,570 longs VS 11,821 shorts.
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