Livestock Roundup 04/25/22

Posted: April 25, 2022, 8:10 a.m.

Friday’s Slaughter is estimated at 119,000, 5,000 more than last week and 5,000 more than the same week last year.

 

Friday’s Cutout Values

Choice: 267.61, Down 2.26 from the previous day.

Select: 254.77, Down .91 from the previous day.

Choice/Select Spread: 13.14

 

5 Area Average Cattle Price

Live Steer: 143.00

Live Heifer: 142.84

Dressed Steer: 231.90

Dressed Heifer: 230.95

 

Cattle on Feed results

Cattle on Feed: 102% VS Estimate of 100.4

Placements: 99.5% VS Estimate of 92.2

Marketings: 98% VS Estimate of 98.2

Live Cattle

Friday’s Commitments of Traders report showed Managed Money were net buyers of 7,309 futures/options contracts through April 19th. This increased their net long position to 46,807 contracts. Broken down, that is 83,644 longs VS 36,837 shorts.

 

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Feeder Cattle

Friday’s Commitments of Traders report showed Managed Money were net buyers of 390 futures/options contracts through April 19th. This shrunk their net short position to 4,410 contracts. Broken down that is 10,669 longs VS 15,079 shorts.

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Lean Hogs

Friday’s Commitments of Traders report showed Managed Money were net buyers of 1,833 futures/options contracts through April 19th. This expands their net long position to 56,507 contracts. Broken down that is 69,369 longs VS 12,862 shorts.

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