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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]
Thus one may refer to "three cattle" or "some cattle", but not "one cattle". "One head of cattle" is a valid though periphrastic way to refer to one animal of indeterminate or unknown age and sex; otherwise no universally used single-word singular form of cattle exists in modern English, other than the sex- and age-specific terms such as cow ...
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]
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Cattle breeds fall into two main types, which are regarded as either two closely related species, or two subspecies of one species. Bos indicus (or Bos taurus indicus ) cattle, commonly called zebu, are adapted to hot climates and originated in the tropical parts of the world such as India, Sub-saharan Africa, China, and Southeast Asia.
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]
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