Livestock Roundup 11/23/22

Posted: Nov. 23, 2022, 8:52 a.m.

Cattle Summary

Daily Cutout Values

Choice: 256.63, Up 1.06 from the previous day.

Select: 234.18, Up .95 from the previous day.

Choice/Select Spread: 22.45

5 Area Average Cattle Price

Live Steer: N/A

Live Heifer: N/A

Dressed Steer: N/A

Dressed Heifer: N/A

Daily Slaughter

Estimated at 129,000. Unchanged from last week but 5,000 more than the same week last year.

Feeder Cattle Index

11/21/2022: 174.64

11/18/2022: 174.64

Live Cattle

Managed Money Position: 49,704

Coming Soon:  Seasonal Trend Alert for February Live Cattle starts on November 27th. 

This trend has played out for 14 of the last 15 years with the average pullback being roughly 3.00.  We are beginning to position for this for clients who Below is a snapshot, we will send more information this afternoon.  

February Live Cattle Seasonal Chart

Feeder Cattle

Managed Money Position: -6,592

Coming Soon:  Seasonal Trend Alert for January Feeder Cattle that starts on November 27th.  Contact us for more information.

Technicals:  Feeder cattle futures gave back some of Monday's gains yesterday, filling the gap at 181.20 to a T.  A break back below 180.925-181.20 could trigger additional pressure, with little support until 179.275-179.35.


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Hogs Summary

Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)

Carcass Base Price

Range: 80.00-88.00

Weighted Average: 85.30

Change from Prior Day: 3.14

Head Count: 10,051

Daily Hog Slaughter

492,000. 3,000 less than last week but 11,000 more than last year.

Lean Hogs

Managed Money Position: 18,296

Seasonal Trend in Play:   December lean hogs have trended higher from November 9th to November 25th for 13 of the last 15 years. 


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Livestock Feeder Cattle Lean Hogs Live Cattle

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