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Feeder cattle futures prices are a part of the S&P GSCI commodity index, which is a benchmark index widely followed in financial markets by traders and institutional investors. Its weighting in S&P GSCI give feeder cattle futures prices non-trivial influence on returns on a wide range of investment funds and portfolios. [18]
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]
First are those that produce feeder cattle to be raised by other agricultural enterprises, such as feedlots. These sell their calves after they have been weaned and are under a year in age. The second are those that raise the calves for 1–2 years before selling them directly to slaughter.
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]
The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. [1] On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges (CME, NYMEX, and COMEX) now operate as designated contract markets (DCM) of the CME Group.
Feed conversion ratio (FCR) is the ratio of inputs to outputs; it is the inverse of "feed efficiency" which is the ratio of outputs to inputs. [2] FCR is widely used in hog and poultry production, while FE is used more commonly with cattle. [2]
Polled strains have been developed of many cattle breeds which were originally horned. This has usually been done by crossing with naturally polled breeds, most commonly Angus and Galloway cattle. For example, polled Jersey cattle originated in Ohio sometime prior to 1895. Two strains were developed, the first to appear being founded by crosses ...
A feedlot in Texas, USA, where cattle are "finished" (fattened on grains) prior to slaughter. Animal feed is food given to domestic animals, especially livestock, in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word feed more often refers to fodder.