Search results
Results from the WOW.Com Content Network
Visitors from 15 countries attend the Expo. Many of these go to the event to acquire purebred livestock semen and embryos to export from the United States. This makes the event attractive to American "seedstock producers". [1] The events are held at the Kentucky Exposition Center. The giant expo was established in 1974.
This event changed the face of the livestock industry. Cattle from Texas were driven to rail yards for transport to major feeders, processors, and packers. Cattle trails were carefully chosen to minimize distance and maximize feed to sustain and fatten cattle. Cowboys were hired to gather, drive, and hold cattle at major buying stations.
In 1867 a young Illinois livestock dealer, Joseph G. McCoy, built market facilities at Abilene, Kansas, at the terminus of Chisholm Trail. The new route to the west of the Shawnee soon began carrying the bulk of the Texas herds, leaving the earlier trail to dwindle for a few years and expire. [19]
The Packers and Stockyards Act of 1921 (7 U.S.C. §§ 181-229b; P&S Act) regulates meatpacking, livestock dealers, market agencies, live poultry dealers, and swine contractors to prohibit unfair or deceptive practices, giving undue preferences, apportioning supply, manipulating prices, or creating a monopoly.
Kansas City Stockyards (1909) Kansas City Stockyards with the Livestock Exchange Building (1904) View of stockyards & surrounding area (1940s) The stockyards were built to provide better prices for livestock owners. [citation needed] Previously, livestock owners west of Kansas City could only sell at whatever price the railroad offered. With ...
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]
Map of major cattle trails, with the Great Western Trail in the center. The Great Western Cattle Trail is the name used today for a cattle trail established during the late 19th century for moving beef stock and horses to markets in eastern and northern states.
In 1947 they were second to Chicago in the world. Omaha overtook Chicago as the nation's largest livestock market and meat packing industry center in 1955, a title which it held onto until 1971. [3] The 116-year-old institution closed in 1999. [4] The Livestock Exchange Building was listed on the National Register of Historic Places in 1999. [5]