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The cattle industry takes the position that the use of growth hormones allows plentiful meats to be sold for affordable prices. [24] Using hormones in beef cattle costs $1.50 and adds between 40 and 50 lb (18 and 23 kg) to the weight of a steer at slaughter, for a return of at least $25. [25]
Once the young calves reach a weight between 300 and 700 pounds (140 and 320 kg) they are rounded up and either sold directly to feedlots, or sent to cattle auctions for feedlots to bid on them. Once transferred to a feedlot, they are housed and looked after for the next six to eight months where they are fed a total mixed ration [12] to gain ...
As of 2009–2010 it is estimated that there are 1.3–1.4 billion head of cattle in the world. [56] [57] Diagram of feedlot system. This can be contrasted with more traditional grazing systems. The most common interactions with cattle involve daily feeding, cleaning and milking.
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]
A cattle feedlot too small to need a state-required manure management plan has apparently polluted Iowa streams for years, the Iowa DNR says
Cattle weighing 1000 lbs. will drink an average of 41 L a day, and approximately 82 L in hot weather. [16] They need a constant supply of good quality feed and potable water according to the 5 Freedoms of Animal Welfare. [17] Most Beef cattle are finished in feedlots. The first feedlots were constructed in the early 1950s.
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