Friday’s Slaughter is estimated at 114,000, 6,000 less than last week and 1,000 more than the same week last year.
Friday’s Cutout Values
Choice: 272.62, Up .76 from the previous day.
Select: 258.90, Down .81 from the previous day.
Choice/Select Spread: 13.72
5 Area Average Cattle Price
Live Steer: 141.02
Live Heifer: 140.17
Dressed Steer: 225.87
Dressed Heifer: 225.15
Commitments of Traders: The most recent CoT report showed funds were net sellers of 766 futures/options contracts, shrinking their net long position to a modest 39,498 contracts. Broken down that is 80,743 longs VS 41,245 shorts.
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Commitments of Traders: The most recent CoT report showed funds were net sellers of 2,207 futures/options contracts, expanding their net short position to 4,800 contracts. Broken down that is 10,873 longs VS 15,673 shorts.
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