Livestock Roundup 1/24/23

Posted: Jan. 24, 2023, 7:39 a.m.

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Cattle Summary

Daily Cutout Values

Choice: 271.44, Down .28 from the previous day.

Select: 254.49, Down 1.94 from the previous day.

Choice/Select Spread: 16.95

5 Area Average Cattle Price

Live Steer: 155.32

Live Heifer: 155.21

Dressed Steer: 248.22

Dressed Heifer: 248.33

Daily Slaughter

Estimated at 124,000. Down 1,000 from last week but 6,000 more than the same week last year.

Feeder Cattle Index

1/20/2023: 177.69

1/19/2023: 177.03

     

Live Cattle

Managed Money Position: Managed Money are net long 84,672 futures/options contracts, down 6,817 from the previous week.  Broken down, that is 110,091 longs VS 25,419 shorts. 

Next Seasonal:  A seasonal that has played out for 13 of the last 15 years starts January 29th for June live cattle.

LEJ2023_2023-01-23_15-34-45

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Feeder Cattle

Managed Money Position: Managed Money are net short 5,951 futures/options contracts, down 5,993 from the previous week.  Broken down, that is 9,919 longs VS 15,870 shorts. 

(Updated with the weekly CoT Report)

Seasonal Trend in Play: None

GFH2023_2023-01-23_15-35-42

 

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Hogs Summary

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

Carcass Base Price

Range: 63.75-74.00

Weighted Average: 70.62

Change from Prior Day: -.28

Head Count: 7,464

Daily Hog Slaughter

489,000. Up 65,000 from last week and up 37,000 from last year.

     

Lean Hogs

Managed Money Position:  Managed Money are net long 10,663 futures/options contracts, down 12,072 from the previous week.  Broken down, that is 45,001 longs VS 34,338 shorts. 

(Updated with the weekly CoT Report)

Next Seasonal:  A seasonal that has played out for 12 of the last 15 years starts on January 30th.

HEJ2023_2023-01-23_15-39-50

 

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Livestock Feeder Cattle Lean Hogs Live Cattle

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