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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]
Auction chanting is a method of conducting live auctions frequently found in North America where it is practiced in English, Spanish, French and other languages. It is much less common outside North America, [ citation needed ] and the most notable exceptions within North America are auction houses with significant ties elsewhere in the world ...
The World Livestock Auctioneer Championship is an annual competition of livestock auctioneers who practice the auction chant typical of rural areas in the United States and Canada. The competition is sponsored by the Livestock Marketing Association and was first held in 1963. [1] Brian Curless won the competition in 2017.
Another special case of a combinatorial auction is the combinatorial clock auction (CCA), which combines a clock auction, during which bidders may provide their confirmations in response to the rising prices, with a subsequantial sealed bid auction, in which bidders submit sealed package bids. The auctioneer uses the final bids to compute the ...
Livestock transportation is the movement of livestock, by road, rail, ship, or air. Livestock are transported for many reasons, including slaughter, auction, breeding, livestock shows, rodeos, fairs, and grazing. When the movement crosses borders into another country, it is known as live export.
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Northern International Livestock Exposition (NILE) originated as an idea from the livestock committee of the Billings Chamber of Commerce in 1966. In 1967, the Public Auction Yards hosted an event to showcase the region’s vast livestock industry. [1] By the fall of 1968, a full-fledged livestock show with 250 exhibitors and 600 entries was ...
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