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Livestock Roundup 3/16/23

Posted: March 16, 2023, 7:51 a.m.

Cattle Summary

Daily Cutout Values

  • Choice: 284.27, Down 1.64 from the previous day.
  • Select: 272.63, Down 1.93 from the previous day.
  • Choice/Select Spread: 11.64

5 Area Average Cattle Price

  • Live Steer: 164.21
  • Live Heifer: 163.88
  • Dressed Steer: 260.68
  • Dressed Heifer: N/A

Daily Slaughter

  • Estimated at 126,000. Unchanged from last week and 3,000 more than the same week last year.

Feeder Cattle Index

  • 03/14/2023: 189.39
  • 03/13/2023: 189.51

Live Cattle

Seasonal Trend in Play

  • The next seasonal trend for live cattle starts on March 21st and goes through April 6th.

LEJ2023_2023-03-16_06-59-45

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Feeder Cattle

Managed Money Position

  • The weekly CoT report is still not Up to Date.   We will keep you posted when there is no longer a lag in the data.  

Seasonal Trend in Play: 

  • None

GFJ2023_2023-03-16_07-07-23

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Hogs Summary

 

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

Carcass Base Price

Range: 72.00-82.00

Weighted Average: 79.20

Change from Prior Day: 1.09

Head Count: 16,370
     

Lean Hogs

  Seasonal Tend in Play

  • August lean hogs have firmed from January 30th to March 8th for 12 of the last 15 years.  The average rally in the 12 positive years was 4.42.  The average decline in the two off trend years was 3.69.

HEJ2023_2023-03-16_07-06-39

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Livestock Feeder Cattle Lean Hogs Live Cattle

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