Livestock Roundup 12/02/2022

Posted: Dec. 2, 2022, 8:38 a.m.

Cattle Summary

Daily Cutout Values

Choice: 253.57, Down 1.31 from the previous day.

Select: 225, Down .01 from the previous day.

Choice/Select Spread: 28.57

5 Area Average Cattle Price

Live Steer: 155.23

Live Heifer: 155.11

Dressed Steer: 245.00

Dressed Heifer: N/A

Daily Slaughter

Estimated at 128,000. 4,000 more than the same week last year.

Feeder Cattle Index

11/30/2022: 178.40

11/29/2022: 178.40

Live Cattle (February)

Managed Money Position: 60,850

Seasonal Trend in Play: February live cattle have pulled back from November 27th to December 9th for 14 of the last 15 years, with the average pullback being roughly 3.00.

LEG2023_2022-12-02_08-13-39

Feeder Cattle (January)

Managed Money Position: -4,066

Seasonal Trend in Play: January feeder cattle have pulled back from November 29th to December 9th for 14 of the last 15 years, with the average pullback being roughly 3.00.

GFF2023_2022-12-02_08-14-00

Hogs Summary

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

Carcass Base Price

Range: 77.00-88.50

Weighted Average: 85.26

Change from Prior Day: -.80

Head Count: 10,542

Daily Hog Slaughter

492,000. 9,000 more than the same week last year.

Lean Hogs (February)

Managed Money Position: 51,747

Seasonal Trend in Play: Coming Soon, December 6th!

HEG2023_2022-12-02_08-14-13

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Livestock Feeder Cattle Lean Hogs Live Cattle

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