Livestock Roundup 6/13/22
Posted: June 13, 2022, 8:22 a.m.
Friday’s Slaughter is estimated at 124,000. 2,000 less than last week, but 5,000 more than the same week last year.
Friday’s Cutout Values
Choice: 271.32, Up .22 from the previous day.
Select: 248.89, Down .72from the previous day.
Choice/Select Spread: 22.43
5 Area Average Cattle Price
Live Steer: 140.52
Live Heifer: 139.41
Dressed Steer: 226.02
Dressed Heifer: 226.00
Live Cattle
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net buyers of 9,265 futures/options contracts, through June 7th. This expands their net long position to 21,350. Broken down, that is 78,753 longs VS 57,403 shorts. In last week's report we noted that this is a historically small position for Managed Money, which could be viewed as Bullish.
Below is a 10-year chart of the CoT.
The RED line is Commercials, consisting of Producer/Merchant/Processor/User and Swap Dealers
The BLUE line is Small Speculators
The GREEN line is Non-Commercials or Large Speculators, consisting of Managed Money and Other Reportables
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Feeder Cattle
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net buyers of 3,798 futures/options contracts, through June 7th. This shrinks their net short position to 5,472. Broken down, that is 10,900 longs VS 16,372 shorts.
Below is a 10-year chart of the CoT.
Technicals Premium
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Levels Premium
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Lean Hogs
Commitments of Traders Update: Friday’s CoT report showed Managed Money were net buyers of 4,335 futures/options contracts, through June 7th. This expands their net long position to 21,630. Broken down, that is 46,526 longs VS 24,896 shorts.
Below is a 10-year chart of the CoT.
The RED line is Commercials, consisting of Producer/Merchant/Processor/User and Swap Dealers
The BLUE line is Small Speculators
The GREEN line is Non-Commercials or Large Speculators, consisting of Managed Money and Other Reportables
Technicals Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
Levels Premium
🔒 You need to be a Premium User to unlock this content. Click here to unlock.
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