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Feeder cattle futures contracts, traded on the Chicago Mercantile Exchange (CME), can be used to hedge and to speculate on the price of feeder cattle. Cattle producers can hedge future buying and selling prices for feeder cattle through trading feeder cattle futures, and such trading is a common part of a producer's risk management program. [11]
An "intact" (i.e., not castrated) adult male is called a bull. A father bull is called a sire with reference to his offspring. An adult female that has had a calf (or two, depending on regional usage) is a cow. Steers and heifers are also colloquially referred to as cows. A mother cow is called a dam with reference to her offspring.
Feedlot. A feedlot or feed yard is a type of animal feeding operation (AFO) which is used in intensive animal farming, notably beef cattle, but also swine, horses, sheep, turkeys, chickens or ducks, prior to slaughter. Large beef feedlots are called concentrated animal feeding operations (CAFO) in the United States [1] and intensive livestock ...
Cattle feeding. There are different systems of feeding cattle in animal husbandry. For pastured animals, grass is usually the forage that composes the majority of their diet. In turn, this grass-fed approach is known for producing meat with distinct flavor profiles. Cattle reared in feedlots are fed hay supplemented with grain, soy and other ...
Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
Concentrated animal feeding operation. In animal husbandry, a concentrated animal feeding operation (CAFO), as defined by the United States Department of Agriculture (USDA), is an intensive animal feeding operation (AFO) in which over 1,000 animal units are confined for over 45 days a year. An animal unit is the equivalent of 1,000 pounds of ...
Beef cattle. A young bull of the Blonde d'Aquitaine breed. Japanese wagyu bull on a farm north of Kobe. Beef cattle are cattle raised for meat production (as distinguished from dairy cattle, used for milk production). The meat of mature or almost mature cattle is mostly known as beef. In beef production there are three main stages: cow-calf ...
Likewise for the fat class, where 1 is Low, 2 is Slight, 3 is Average, 4 is High, and 5 is Very High. A typical classification would be R4L where the R refers to a "Good” carcass with an “Average” to “High” covering of fat according to the MLC. The grader is usually an independent classifier who also monitors carcass dressing ...